NOT LISTED FOR SALE

Estimated Value: $737,000 - $830,000

5 Beds
3 Baths
1,445 Sq Ft
$548/Sq Ft Est. Value

Last Sold February 10, 2017

Last sale price $425,000 $294 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $4,725/month

21 Days on Market

Highlights

  • Bonus Room
  • No HOA
  • Paved or Partially Paved Lot
  • James A. Garfield Senior High School Rated A

About This Home

As of February 2017

Two,Nice Houses on one lot. In the Heart of Boyle Heights.Perfect to live in one, and receive income with the 2nd,Unit for help with Mortgage Payment.
Close to:Transportation,Schools, Parks,LAC+USC Medical Center, Freeways 10" and 5" Downtown Los Angeles, and California State University.Front House has,3-Bedrooms, 2-Baths.Back Unit has,2-Bedrooms 1-Bath.Two car garage,New IN" and OUT" paint, big lot.
Agents and Buyers check with city for any permits concerning the property.

Last Agent to Sell the Property

Francisco Palomera

UNITED BROKERS REALTY License #01427043 Listed on: 09/12/2016

Last Buyer's Agent

Francisco Palomera

UNITED BROKERS REALTY License #01427043 Listed on: 09/12/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,093

Year Built

  • Built in 1924

Lot Details

  • 7,523 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,445 Sq Ft Home
  • Bonus Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 2032
  • Assessor Parcel Number 5229003016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • New Taxes Expense $2,616
  • Operating Expense $3,516
  • Gross Income $2,890
  • Net Operating Income $300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,093

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5229003016
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 294.12
  • Room Type: Bonus Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 7523.00
  • Price Per Lot Square Foot: 61.81

Multi Family

  • Gross Income: 2890.00
  • Gross Scheduled Income: 34680.00
  • Insurance Expense: 900.00
  • Net Operating Income: 300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 300.00
  • Rent Control: Yes
  • Total Actual Rent: 2890.00
  • Total Expenses: 3516.00

Tax Info

  • New Taxes Expense: 2616.00
  • Tax Lot: 16
  • Tax Tract Number: 2032.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2016
Closed on
Jan 5, 2017
Sold by
Rivera Perla
Bought by
Rivera Joel
Seller's Agent
Francisco Palomera
UNITED BROKERS REALTY
Buyer's Agent
Francisco Palomera
UNITED BROKERS REALTY
List Price
$465,000
Sold Price
$425,000
Premium/Discount to List
-$40,000
-8.6%
Current Estimated Value
$792,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$367,405
Avg. Annual Appreciation
7.46%
Original Mortgage
$417,302
Outstanding Balance
$340,204
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$452,201

Purchase Details

Listed on
Sep 12, 2016
Closed on
Dec 30, 2016
Sold by
Delrio Alma and Martinez Alma
Bought by
Rivera Joel and Rivera Martin
Seller's Agent
Francisco Palomera
UNITED BROKERS REALTY
Buyer's Agent
Francisco Palomera
UNITED BROKERS REALTY
List Price
$465,000
Sold Price
$425,000
Premium/Discount to List
-$40,000
-8.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,302
Outstanding Balance
$340,204
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$452,201

Purchase Details

Closed on
Jun 2, 2011
Sold by
Delrio Arturo
Bought by
Martinez Alma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2011
Sold by
The Secretary Of Housing & Urban Develop
Bought by
Delrio Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2009
Sold by
Wells Fargo Bank Na
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Oct 12, 2009
Sold by
Ruiz Miguel and Ruiz Erica
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Apr 21, 2008
Sold by
Ruiz Erica and Ruiz Juan
Bought by
Marshack & Co Defined Benefit Pension Pl

Purchase Details

Closed on
Jun 11, 1996
Sold by
Enriquez Albert
Bought by
Ruiz Erica and Ruiz Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,066
Interest Rate
8.42%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 5, 1996
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Enriquez Albert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,010
Interest Rate
7.01%

Purchase Details

Closed on
Oct 10, 1995
Sold by
Sun West Mtg Co Inc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Oct 5, 1995
Sold by
Venegas Moises and Sun West Mtg Co Inc
Bought by
Sun West Mtg Co Inc
Source: Public Records

Range of Values:

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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
Rivera Joel -- Old Republic Title Company
Rivera Joel $425,000 Old Republic Title Company
Martinez Alma -- Pacific Coast Title Company
Delrio Arturo $185,000 Pacific Coast Title Company
The Secretary Of Housing & Urban Develop -- First American Title Ins Co
Wells Fargo Bank Na $146,467 Accommodation
Marshack & Co Defined Benefit Pension Pl $99,500 Accommodation
Ruiz Erica $166,000 Fidelity National Title Ins
Enriquez Albert $103,500 First American Title Co
Federal Home Loan Mortgage Corporation -- Commonwealth Land Title
Sun West Mtg Co Inc $100,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivera Joel $417,302
Previous Owner Delrio Arturo $80,000
Previous Owner Ruiz Erica $162,066
Previous Owner Enriquez Albert $93,010
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2017 02/10/17 Sold $425,000 0.0% $294 / Sq Ft
10/03/2016 10/03/16 Pending -- -- --
10/03/2016 10/03/16 Off Market $425,000 -- --
09/26/2016 09/26/16 Price Changed $454,900 -2.2% $315 / Sq Ft
09/12/2016 09/12/16 For Sale $465,000 -- $322 / 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 $6,093 $493,244 $313,355 $179,889
2024 $6,093 $483,573 $307,211 $176,362
2023 $5,978 $474,092 $301,188 $172,904
2022 $5,705 $464,797 $295,283 $169,514
2021 $5,632 $455,685 $289,494 $166,191
2020 $5,684 $451,013 $286,526 $164,487
2019 $5,466 $442,170 $280,908 $161,262
2018 $5,338 $433,500 $275,400 $158,100
2017 $2,622 $200,214 $162,337 $37,877
2016 $2,551 $196,289 $159,154 $37,135
2015 $2,516 $193,342 $156,764 $36,578
2014 $2,538 $189,556 $153,694 $35,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB16200827

California Regional Multiple Listing Service (CRMLS)

APN: 5229-003-016