NOT LISTED FOR SALE

1222 W 62nd St Los Angeles, CA 90044

Vermont-Slauson Neighborhood

Estimated Value: $1,182,000 - $1,370,000

10 Beds
6 Baths
3,580 Sq Ft
$361/Sq Ft Est. Value

Last Sold September 12, 2014

Last sale price $580,000 $162 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $7,496/month

38 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • 2 Car Garage
  • No HOA
  • Forced Air Heating and Cooling System
  • Turnkey

About This Home

As of September 2014

Turnkey 2012 Duplex with 5 bedroom/3 baths each, with attached 2 car garage in great neighborhood close to shopping and schools. Current tenants are Section 8 with dependable monthly income. Property management takes care of all maintenance and inspections. Tenants pay gas and trash.

Last Agent to Sell the Property

Amie Peterson

First Team Real Estate License #01911414 Listed on: 06/20/2014

First Team Real Estate

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,703

Year Built

  • Built in 2012

Lot Details

  • 6,725 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Property Attached
  • Turnkey
  • Stucco

Interior Spaces

  • 3,580 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Gas Oven
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 236
  • Tax Tract Number 3987
  • Assessor Parcel Number 6003028008

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Built by Ocean Properties

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,800
  • Gardener Expense $720
  • Insurance Expense $457
  • Maintenance Expense $1,000
  • Professional Management Expense $2,760
  • Water Sewer Expense $1,782
  • New Taxes Expense $5,856
  • Gross Income $4,562
  • Net Operating Income $42,889

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,703

Year Built

Built in 2012

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 2760.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1782.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 6003028008
  • Year Built: 2012
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 162.01

Exterior Features

  • Builder Name: Ocean Properties
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage, Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 6725.00
  • Lot Size Acres: 0.1540

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 4562.00
  • Gross Scheduled Income: 54744.00
  • Insurance Expense: 457.00
  • Lot Size Area: 6725.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 42889.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 11855.00
  • Rent Control: No
  • Total Actual Rent: 5442.00

Tax Info

  • New Taxes Expense: 5856.00
  • Tax Lot: 236
  • Tax Tract Number: 3987
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2019
Sold by
Youri
Bought by
Youri
Current Estimated Value
$1,293,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.82%

Purchase Details

Listed on
Jun 20, 2014
Closed on
Aug 1, 2014
Sold by
Amh Properties Llc
Bought by
Yourist David N and Yourist Luise G
Seller's Agent
Amie Peterson
First Team Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$585,000
Sold Price
$580,000
Premium/Discount to List
-$5,000
-0.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.47%
Original Mortgage
$377,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2012
Sold by
Docherty Richard H and Docherty Deborah M
Bought by
Amh Properties Llc

Purchase Details

Closed on
Apr 11, 2012
Sold by
Ocean Development Inc
Bought by
Docherty Richard H and Docherty Deborah M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,750
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2011
Sold by
Smith Oscar D and Patricia A Smith Jones Trust
Bought by
Ocean Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
4.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 2005
Sold by
Smith Jones Patricia A
Bought by
Jones Patricia A Smith and The Patricia A Smith Jones Trust
Source: Public Records

Range of Values:

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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
Youri -- --
Yourist David N $580,000 Lawyers Title
Amh Properties Llc -- Lawyers Title
Docherty Richard H $465,004 Lawyers Title
Ocean Development Inc $155,000 Fidelity Van Nuys
Jones Patricia A Smith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Youri --
Previous Owner Yourist David N $377,000
Previous Owner Docherty Richard H $348,750
Previous Owner Ocean Development Inc $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2014 09/12/14 Sold $580,000 -0.9% $162 / Sq Ft
07/28/2014 07/28/14 Pending -- -- --
06/20/2014 06/20/14 For Sale $585,000 -- $163 / 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 $8,703 $697,065 $480,737 $216,328
2024 $8,703 $683,398 $471,311 $212,087
2023 $8,544 $669,999 $462,070 $207,929
2022 $8,160 $656,862 $453,010 $203,852
2021 $8,043 $643,983 $444,128 $199,855
2019 $7,809 $624,884 $430,956 $193,928
2018 $7,681 $612,632 $422,506 $190,126
2016 $7,319 $588,845 $406,100 $182,745
2015 $7,214 $580,000 $400,000 $180,000
2014 $6,011 $467,111 $266,203 $200,908
Source: Public Records

Agents Affiliated with this Home

  • Amie Peterson

    Seller's Agent in 2014

    Amie Peterson

    First Team Real Estate

    (714) 402-7461

    8 Total Sales

    Amie Peterson
    Section Image

  • N

    Buyer's Agent in 2014

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,998 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14130196

California Regional Multiple Listing Service (CRMLS)

APN: 6003-028-008

California Los Angeles County Los Angeles 90044 Vermont-Slauson

1222 W 62nd St, Los Angeles, CA

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