NOT LISTED FOR SALE

1203 E 59th St Los Angeles, CA 90001

Estimated Value: $587,000 - $758,000

5 Beds
3 Baths
1,172 Sq Ft
$602/Sq Ft Est. Value

Last Sold May 21, 2020

Last sale price $590,000 $503 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,416/month

8 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Neighborhood Views
  • Property is near public transit
  • No HOA
  • Double Pane Windows

About This Home

As of May 2020

2 units in a very desirable area of Los Angeles. Property features 3 bedrooms / 1 bathroom, open floor plan living room, dinning area in a nice bright kitchen, laundry closet inside. Everything on this property has been upgraded, stucco, cabinets, wood/tile floors, bathrooms, new fixtures, fence and driveway. Rear detached unit features 2 bedrooms with 1 full bathroom, open floor plan, large back yard behind rear house. This property is perfect for entertaining large front yard and yard between both units for privacy. Long brand new driveway with plenty of parking for up to 6-7 cars. Property is vacant and in move-in condition. This property won't last!!!

Last Agent to Sell the Property

Ray Penado

Excellence RE Real Estate License #01709871 Listed on: 04/06/2020

Last Buyer's Agent

Sandra Zaca

Zaca Real Estate Inc. License #02070181

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 5,058 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Block Wall Fence
  • Front Yard

Home Design

  • Duplex
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,172 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Double Pane Windows
  • Neighborhood Views
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Upper Level Bedrooms
  • 3 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Driveway
  • Paved Parking

Utilities

  • Wall Furnace
  • Standard Electricity

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 28
  • Tax Tract Number 5449
  • Assessor Parcel Number 6008006016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1923 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: LCM1*
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6008006016
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan, Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: No
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 503.41
  • Room Type: All Bedrooms Up
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Concrete
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: In Closet, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Near Public Transit
  • Lot Size Sq Ft: 5058.00
  • Lot Size Acres: 0.1161

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 5000.00
  • Gross Scheduled Income: 5000.00
  • Lot Size Area: 5058.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 5328.00
  • Tax Lot: 28
  • Tax Tract Number: 5449

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2020
Closed on
Apr 17, 2020
Sold by
Jv & Investments Group Llc
Bought by
Resendez Ruby Rafaeia and Resendez Ruby R
Seller's Agent
Ray Penado
Excellence RE Real Estate
Buyer's Agent
Sandra Zaca
Zaca Real Estate Inc.
List Price
$599,000
Sold Price
$590,000
Premium/Discount to List
-$9,000
-1.5%
Current Estimated Value
$705,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,139
Avg. Annual Appreciation
3.22%
Original Mortgage
$579,313
Outstanding Balance
$512,226
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$192,913

Purchase Details

Listed on
Jun 22, 2019
Closed on
Sep 20, 2019
Sold by
Lewis Gladys
Bought by
Jv & Investment Group Llc
Seller's Agent
MIGUEL JAUREGUI
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
Buyer's Agent
MIGUEL JAUREGUI
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
List Price
$469,900
Sold Price
$395,000
Premium/Discount to List
-$74,900
-15.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
99.73%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Resendez Ruby Rafaeia $590,000 Wfg National Title Company
Jv & Investment Group Llc $395,000 Landwood Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Resendez Ruby Rafaeia $579,313
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/21/2020 05/21/20 Sold $590,000 -1.5% $503 / Sq Ft
04/06/2020 04/06/20 For Sale $599,000 +51.6% $511 / Sq Ft
10/22/2019 10/22/19 Sold $395,000 -15.9% $337 / Sq Ft View Prior Sale
09/12/2019 09/12/19 Pending -- -- --
09/01/2019 09/01/19 For Sale $469,900 0.0% $401 / Sq Ft
08/09/2019 08/09/19 Pending -- -- --
07/30/2019 07/30/19 For Sale $469,900 0.0% $401 / Sq Ft
07/05/2019 07/05/19 Pending -- -- --
06/22/2019 06/22/19 For Sale $469,900 -- $401 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,752 $645,244 $273,408 $371,836
2024 $8,752 $632,594 $268,048 $364,546
2023 $8,436 $620,192 $262,793 $357,399
2022 $8,046 $608,033 $257,641 $350,392
2021 $7,960 $596,112 $252,590 $343,522
2020 $5,713 $395,000 $250,000 $145,000
2019 $1,235 $17,746 $9,645 $8,101
2018 $1,151 $17,399 $9,456 $7,943
2016 $1,104 $16,726 $9,090 $7,636
2015 $1,094 $16,476 $8,954 $7,522
2014 $1,102 $16,154 $8,779 $7,375
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Ray Penado

    Excellence RE Real Estate

    Section Image
  • Sandra Zaca

    Buyer's Agent in 2020

    Sandra Zaca

    Zaca Real Estate Inc.

    (323) 527-6242

    29 Total Sales

    Sandra Zaca
    Section Image

  • M

    Seller's Agent in 2019

    MIGUEL JAUREGUI

    BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20069713

California Regional Multiple Listing Service (CRMLS)

APN: 6008-006-016

California Los Angeles County Los Angeles 90001

1203 E 59th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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