NOT LISTED FOR SALE

1221 Simmons Ave Los Angeles, CA 90022

Estimated Value: $658,000 - $795,000

1 Bed
1 Bath
1,320 Sq Ft
$562/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $650,000 $492 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,737/month

6 Days on Market

About This Home

As of June 2022

LIVE IN ONE AND RENT THE OTHER!!!! GREAT WAY TO START HOME OWNERSHIP!!! This very cute duplex is located in established residential neighborhood, close to schools and shopping. TEN MINUTES FROM DOWNTOWN LOS ANGELES!!! ONE UNIT IS VACANT AND RECENTLY REMODELED...TWO 1CAR GARAGES THAT CAN EASILY BE CONVERTED TO ADU... ALL TERMITE WORK HAS BEEN DONE, A LIST OF ALL REPAIRS WILL BE AVAILABLE TO BUYER. LONG TERM TENANT OCCUPIES THE FRONT UNIT, VERY QUIET AND KEEPS TO HIMSELF. NICE LARGE BACK YARD WITH LOTS OF POTENTIAL. CALL AGENT WITH ANY QUESTIONS….THIS PROPERTY CONSISTS OF 1 BEDROOM 1 BATH EACH…

Last Agent to Sell the Property

Lorena Lara

JAG Realty License #01513296 Listed on: 03/18/2022

Last Buyer's Agent

Brandon Peters

The One Luxury Properties License #01945871

The One Luxury Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,219

Year Built

  • Built in 1930

Lot Details

  • 3,832 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Level Lot
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,320 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 491
  • Tax Tract Number 8366
  • Assessor Parcel Number 6338033032
  • $1,116 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,250
  • Trash Expense $50
  • Water Sewer Expense $200
  • Operating Expense $250
  • Gross Income $2,750
  • Net Operating Income $2,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,219

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 299500
  • Property Attached: Yes
  • Water Sewer Expenses: 200.00
  • Zoning: LCR3YY
  • Property Type: Residential Income
  • Parcel Number: 6338033032
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 492.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Rectangular Lot, Level
  • Lot Size Sq Ft: 3832.00
  • Lot Size Acres: 0.0880

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 2750.00
  • Gross Scheduled Income: 2900.00
  • Insurance Expense: 1250.00
  • Lot Size Area: 3832.0000 Square Feet
  • Net Operating Income: 2650.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 250.00
  • Rent Control: No
  • Total Expenses: 250.00

Tax Info

  • Tax Census Tract: 5319.01
  • Tax Lot: 491
  • Tax Tract Number: 8366
  • TaxOtherAnnualAssessmentAmount: 1116.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2022
Closed on
May 6, 2022
Sold by
George Sidhom
Bought by
Martinez-Sidhom Brenda
Seller's Agent
Lorena Lara
JAG Realty
Buyer's Agent
Brandon Peters
The One Luxury Properties
List Price
$599,000
Sold Price
$650,000
Premium/Discount to List
$51,000
8.51%
Current Estimated Value
$728,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,500
Avg. Annual Appreciation
1.30%
Original Mortgage
$552,500
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2022
Sold by
Nicole Hinojas Jacqueline
Bought by
Perez Tommy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,500
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2022
Sold by
Thomas Perez
Bought by
Esquivel Alexandra M and Sidhom Brenda Martinez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,500
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2020
Sold by
Lugo Jess O and Lugo Rossana P
Bought by
Perez Thomas and Perez Tommy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
2.9%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Perez Thomas $400,000 Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Thomas $375,000
Previous Owner Lugo Jess O $150,000
Previous Owner Lugo Jess O $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $650,000 +8.5% $492 / Sq Ft
04/29/2022 04/29/22 For Sale $599,000 -7.8% $454 / Sq Ft
04/02/2022 04/02/22 Off Market $650,000 -- --
03/18/2022 03/18/22 For Sale $599,000 -- $454 / 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 $9,219 $689,785 $424,483 $265,302
2024 $9,219 $676,260 $416,160 $260,100
2023 $9,060 $663,000 $408,000 $255,000
2022 $7,478 $548,760 $405,960 $142,800
2021 $7,236 $538,000 $398,000 $140,000
2020 $2,794 $147,436 $66,846 $80,590
2019 $2,730 $144,546 $65,536 $79,010
2018 $2,712 $141,712 $64,251 $77,461
2016 $2,604 $136,211 $61,757 $74,454
2015 $2,492 $134,166 $60,830 $73,336
2014 $2,423 $131,539 $59,639 $71,900
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Lorena Lara

    JAG Realty

  • Brandon Peters

    Buyer's Agent in 2022

    Brandon Peters

    The One Luxury Properties

    (909) 565-5434

    2 in this area

    122 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22055070

California Regional Multiple Listing Service (CRMLS)

APN: 6338-033-032

California Los Angeles County Los Angeles 90022

1221 Simmons Ave, Los Angeles, CA

This home is located at 1221 Simmons Ave, Los Angeles, CA 90022 since 18 March 2022 and is currently estimated at $741,754, approximately $561 per square foot. This property was built in 1930. 1221 Simmons Ave is a home located in Los Angeles County with nearby schools including Winter Gardens Elementary School, Eastmont Intermediate School, and Schurr High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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