NOT LISTED FOR SALE

1219 Stringer Ave Los Angeles, CA 90063

Estimated Value: $764,000 - $849,000

6 Beds
3 Baths
2,310 Sq Ft
$346/Sq Ft Est. Value

Last Sold January 28, 2019

Last sale price $540,000 $234 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $4,889/month

39 Days on Market

Highlights

  • Property is near public transit
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Abraham Lincoln High School Rated A-
  • Laundry Room
  • Floor Furnace

About This Home

As of January 2019

Fell out of escrow !!! This property offers an upside potential. It consists of two large units and a studio that may not have a certificate of occupancy. Each unit has 3 bed and 1 bath and the studio has a kitchen with a full bathroom and its own patio.
There is a two car garage currently used for storing the tenants's belongings. The lot is large enough to build another structure or add-on to the existing building. There is a view of the DTLA if the trees and vegetation were removed from the overgrown back yard. The lower unit and the studio have been recently completely remodeled and improved with all new windows, new flooring, new kitchens and bathrooms. The upper unit needs work but it will be sold in its current condition. There are 3 water heaters, 3 separate gas meters and two electrical meters. The property is tenant occupied. Please do not disturb the tenants. Close to 10 and 710 FWYs.

Last Agent to Sell the Property

Elizabeth Przybyla

Coldwell Banker Envision License #01208179 Listed on: 09/22/2018

Coldwell Banker Envision

Last Buyer's Agent

Jose Arana

CENTURY 21 REALTY MASTERS License #01318305

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 6,711 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available

Home Design

  • 2,310 Sq Ft Home
  • Duplex

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 5920
  • Assessor Parcel Number 5230001013

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $120
  • New Taxes Expense $6,875
  • Operating Expense $1,350
  • Gross Income $46,500
  • Net Operating Income $45,150

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LCR2*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5230001013
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Levels: Two
  • Price Per Square Foot: 233.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sloped Down, Level with Street, Near Public Transit
  • Lot Size Sq Ft: 6711.00
  • Lot Size Acres: 0.1541

Multi Family

  • Gross Income: 46500.00
  • Gross Scheduled Income: 46500.00
  • Insurance Expense: 120.00
  • Lot Size Area: 6711.0000 Square Feet
  • Net Operating Income: 45150.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 1350.00
  • Rent Control: No
  • Total Actual Rent: 3925.00
  • Total Expenses: 1350.00

Tax Info

  • New Taxes Expense: 6875.00
  • Tax Census Tract: 5308.02
  • Tax Lot: 19
  • Tax Tract Number: 5920

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2020
Sold by
Bray Robert
Bought by
1430 Pen Ave Inc
Current Estimated Value
$798,118

Purchase Details

Listed on
Sep 22, 2018
Closed on
Jan 18, 2019
Sold by
Cordova Lynne M and L Cordova Living Trust
Bought by
Bray Robert
Seller's Agent
Elizabeth Przybyla
Coldwell Banker Envision
Buyer's Agent
Jose Arana
CENTURY 21 REALTY MASTERS
List Price
$549,000
Sold Price
$540,000
Premium/Discount to List
-$9,000
-1.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.79%
Original Mortgage
$405,000
Outstanding Balance
$355,366
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$442,752

Purchase Details

Listed on
Sep 22, 2018
Closed on
Jan 14, 2019
Sold by
Bray Judith
Bought by
Bray Robert
Seller's Agent
Elizabeth Przybyla
Coldwell Banker Envision
Buyer's Agent
Jose Arana
CENTURY 21 REALTY MASTERS
List Price
$549,000
Sold Price
$540,000
Premium/Discount to List
-$9,000
-1.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Outstanding Balance
$355,366
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$442,752

Purchase Details

Closed on
Apr 21, 2010
Sold by
Cordova Lynne Marie and Trust A Of The Cordova Family
Bought by
Cordova Lynne M and L Cordova Living Trust

Purchase Details

Closed on
Jan 1, 1994
Sold by
Cordova Angelina V and Cordova Family Trust
Bought by
Cordova Angelina V and Cordova Family Trust
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
1430 Pen Ave Inc -- None Available
Bray Robert $540,000 Orange Coast Title Company
Bray Robert -- Orange Coast Title Company
Cordova Lynne M -- None Available
Cordova Angelina V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bray Robert $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2019 01/28/19 Sold $540,000 0.0% $234 / Sq Ft
12/06/2018 12/06/18 Price Changed $539,900 -1.7% $234 / Sq Ft
11/07/2018 11/07/18 For Sale $549,000 0.0% $238 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
09/22/2018 09/22/18 For Sale $549,000 -- $238 / 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 $8,586 $602,373 $379,272 $223,101
2024 $8,306 $590,563 $371,836 $218,727
2023 $7,998 $578,985 $364,546 $214,439
2022 $7,631 $567,634 $357,399 $210,235
2021 $8,916 $674,920 $371,812 $303,108
2020 $7,597 $550,800 $346,800 $204,000
2019 $4,646 $143,943 $53,026 $90,917
2018 $2,673 $141,122 $51,987 $89,135
2016 $2,556 $135,644 $49,969 $85,675
2015 $2,523 $133,608 $49,219 $84,389
2014 $2,531 $130,991 $48,255 $82,736
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Przybyla

    Seller's Agent in 2019

    Elizabeth Przybyla

    Coldwell Banker Envision

    (626) 484-2537

    2 in this area

    44 Total Sales

    Elizabeth Przybyla
    Section Image
  • Jose Arana

    Buyer's Agent in 2019

    Jose Arana

    CENTURY 21 REALTY MASTERS

    (323) 722-7300

    11 in this area

    55 Total Sales

    Jose Arana
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18233024

California Regional Multiple Listing Service (CRMLS)

APN: 5230-001-013

California Los Angeles County Los Angeles 90063

1219 Stringer Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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