NOT LISTED FOR SALE

1221 S Hicks Ave Los Angeles, CA 90023

Estimated Value: $267,000 - $697,400

2 Beds
2 Baths
1,240 Sq Ft
$441/Sq Ft Est. Value

Last Sold April 29, 2013

Last sale price $140,000 $113 Per Sq Ft

Est. 291% increase in value since last sale

Current estimated payment $3,163/month

32 Days on Market

About This Home

As of April 2013

1221 and 1223 Hicks Ave., Los Angeles is multiple occupancy duplex. Each unit is one bedroom one bath. The property has a one car detached garage. Both units need lots of work. Good fixer upper for investor. Garage has been coverted and is not permitted. Property currently has two Los Angeles County leans and a second that need to be satisfied in order to close escrow. Please contact agent for details. ***********************APPROVED SHORT SALE***********************

Last Agent to Sell the Property

Erick Ulate

Amenity Real Estate License #01447116 Listed on: 11/14/2012

Last Buyer's Agent

Erick Ulate

Amenity Real Estate License #00910713

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,292

Year Built

  • Built in 1923

Lot Details

  • 4,968 Sq Ft Lot

Parking

  • 1 Car Garage

Home Design

  • 1,240 Sq Ft Home
  • Wood Siding

Listing and Financial Details

  • Tax Lot 274
  • Tax Tract Number 3840
  • Assessor Parcel Number 5242010023

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $900
  • New Taxes Expense $3,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,292

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Type: Residential Income
  • Parcel Number: 5242010023
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Square Foot: 112.90

Exterior Features

  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 4968.00
  • Lot Size Acres: 0.1140

Multi Family

  • Gross Multiplier: 271.43
  • Gross Scheduled Income: 700.00
  • Insurance Expense: 900.00
  • Lot Size Area: 4968.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2

Tax Info

  • New Taxes Expense: 3500.00
  • Tax Area: 1040
  • Tax Lot: 274
  • Tax Tract Number: 3840

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2012
Closed on
Apr 12, 2013
Sold by
Massachi Morgan
Bought by
Massachi Eshagh
Seller's Agent
Erick Ulate
Amenity Real Estate
Buyer's Agent
Erick Ulate
Amenity Real Estate
List Price
$190,000
Sold Price
$140,000
Premium/Discount to List
-$50,000
-26.32%
Current Estimated Value
$547,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$407,100
Avg. Annual Appreciation
11.34%

Purchase Details

Listed on
Nov 14, 2012
Closed on
Apr 11, 2013
Sold by
Pineda Cynthia
Bought by
Massachi Eshagh
Seller's Agent
Erick Ulate
Amenity Real Estate
Buyer's Agent
Erick Ulate
Amenity Real Estate
List Price
$190,000
Sold Price
$140,000
Premium/Discount to List
-$50,000
-26.32%

Purchase Details

Closed on
Apr 16, 2008
Sold by
Pineda Marcos
Bought by
Pineda Cynthia

Purchase Details

Closed on
Nov 7, 2005
Sold by
Alvarez Eduardo and Alvarez Maria I
Bought by
Pineda Marcos and Pineda Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
7.44%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 25, 2002
Sold by
Alvarez Eduardo and Alvarez Maria I
Bought by
Alvarez Eduardo and Alvarez Maria I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
6.52%

Purchase Details

Closed on
Dec 5, 2001
Sold by
Hernandez Inez and Inez Hernandez Family Trust
Bought by
Alvarez Eduardo and Alvarez Maria I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
9.99%

Purchase Details

Closed on
Nov 18, 2000
Sold by
Hernandez Inez
Bought by
Hernandez Inez and Inez Hernandez Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Massachi Eshagh -- Fidelity National Title Co
Massachi Eshagh $140,000 Fidelity National Title Co
Pineda Cynthia -- None Available
Pineda Marcos $380,000 Security Union Title
Alvarez Eduardo -- Fidelity Title
Alvarez Eduardo $110,000 Southland Title Company
Hernandez Inez -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pineda Marcos $304,000
Previous Owner Alvarez Eduardo $306,000
Previous Owner Alvarez Eduardo $16,289
Previous Owner Alvarez Eduardo $228,000
Previous Owner Alvarez Eduardo $160,000
Previous Owner Alvarez Eduardo $130,500
Previous Owner Alvarez Eduardo $99,000
Closed Alvarez Eduardo $5,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2013 04/29/13 Sold $140,000 -26.3% $113 / Sq Ft
12/16/2012 12/16/12 Pending -- -- --
11/14/2012 11/14/12 For Sale $190,000 -- $153 / 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 $3,292 $172,387 $135,449 $36,938
2024 $3,292 $169,008 $132,794 $36,214
2023 $3,076 $165,695 $130,191 $35,504
2022 $2,962 $162,447 $127,639 $34,808
2021 $2,926 $159,263 $125,137 $34,126
2020 $2,940 $157,631 $123,854 $33,777
2019 $2,854 $154,541 $121,426 $33,115
2018 $2,741 $151,512 $119,046 $32,466
2016 $2,631 $145,630 $114,424 $31,206
2015 $2,596 $143,444 $112,706 $30,738
2014 $2,602 $140,635 $110,499 $30,136
Source: Public Records

Agents Affiliated with this Home

  • Erick Ulate

    Buyer's Agent in 2013

    Erick Ulate

    Amenity Real Estate

    (323) 973-1713

    Erick Ulate
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1205716

California Regional Multiple Listing Service (CRMLS)

APN: 5242-010-023

California Los Angeles County Los Angeles 90023

1221 S Hicks Ave, Los Angeles, CA

This home is located at 1221 S Hicks Ave, Los Angeles, CA 90023 since 14 November 2012 and is currently estimated at $547,100, approximately $441 per square foot. This property was built in 1923. 1221 S Hicks Ave is a home located in Los Angeles County with nearby schools including Eastman Avenue Elementary School, Robert Louis Stevenson Middle School, and James A. Garfield Senior High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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