NOT LISTED FOR SALE

1228 E 87th St Los Angeles, CA 90002

Estimated Value: $636,000 - $804,000

2 Beds
1 Bath
1,653 Sq Ft
$429/Sq Ft Est. Value

Last Sold September 30, 2015

Last sale price $229,000 $139 Per Sq Ft

Est. 209% increase in value since last sale

Current estimated payment $4,260/month

About This Home

As of September 2015

This home is located at 1228 E 87th St, Los Angeles, CA 90002 since 26 August 2015 and is currently estimated at $708,373, approximately $428 per square foot. This property was built in 1947. 1228 E 87th St is a home located in Los Angeles County with nearby schools including Russell Elementary School, Charles Drew Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

Last Agent to Sell the Property

Alan Castillo

People's Realty License #01171139 Listed on: 08/26/2015

Last Buyer's Agent

Alan Castillo

People's Realty License #01171139 Listed on: 08/26/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,154

Year Built

  • Built in 1947

Lot Details

  • 4,856 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,653 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 011
  • Tax Tract Number 112
  • Assessor Parcel Number 6043015011

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $675
  • Trash Expense $120
  • Gross Income $1,250
  • Net Operating Income $8,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,154

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 6043015011
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 138.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 120.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4856.00
  • Price Per Lot Square Foot: 58.95
  • Lot Size Acres: 0.1110

Multi Family

  • Gross Income: 1250.00
  • Gross Scheduled Income: 15000.00
  • Insurance Expense: 675.00
  • Lot Size Area: 4856.0000 Square Feet
  • Net Operating Income: 8000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 3500.00
  • Rent Control: No

Tax Info

  • Tax Lot: 011
  • Tax Tract Number: 0112

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2015
Closed on
Aug 13, 2015
Sold by
Rivas Gilberto and Rivas Maria
Bought by
Rivas Alma
Seller's Agent
Alan Castillo
People's Realty
Buyer's Agent
Alan Castillo
People's Realty
List Price
$229,000
Sold Price
$229,000
Current Estimated Value
$708,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$479,373
Avg. Annual Appreciation
11.56%
Original Mortgage
$229,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2005
Sold by
Rivas Gilberto
Bought by
Rivas Gilberto and Rivas Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,400
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 2002
Sold by
Tapia Tapia Candido Candido and Tapia Sanches Huberta
Bought by
Rivas Gilberto and Rivas Roselia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.5%
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
Rivas Alma $286,500 Title 365
Rivas Gilberto -- North American Title Co
Rivas Gilberto -- North American Title Co
Rivas Gilberto -- North American Title Co
Rivas Gilberto $235,000 Fidelity National Title
Rivas Gilberto $235,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivas Alma $219,000
Closed Rivas Alma $219,000
Closed Rivas Alma $229,000
Closed Rivas Gilberto $253,400
Previous Owner Rivas Gilberto $188,000
Previous Owner Tapia Candido $182,750
Previous Owner Tapia Candido $12,900
Closed Rivas Gilberto $47,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2015 09/30/15 Sold $229,000 0.0% $139 / Sq Ft
08/27/2015 08/27/15 Pending -- -- --
08/26/2015 08/26/15 For Sale $229,000 -- $139 / 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 $5,154 $340,333 $110,060 $230,273
2024 $5,154 $333,660 $107,902 $225,758
2023 $4,903 $327,119 $105,787 $221,332
2022 $4,694 $320,706 $103,713 $216,993
2021 $4,637 $314,419 $101,680 $212,739
2020 $4,665 $311,196 $100,638 $210,558
2019 $4,503 $305,095 $98,665 $206,430
2018 $4,402 $299,114 $96,731 $202,383
2016 $4,213 $287,501 $92,976 $194,525
2015 $4,233 $283,184 $91,580 $191,604
2014 $4,237 $277,638 $89,787 $187,851
Source: Public Records

Agents Affiliated with this Home

  • Alan Castillo

    Seller's Agent in 2015

    Alan Castillo

    People's Realty

    (818) 271-6997

    10 Total Sales

    Alan Castillo
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15189508

California Regional Multiple Listing Service (CRMLS)

APN: 6043-015-011

California Los Angeles County Los Angeles 90002

1228 E 87th St, Los Angeles, CA

This home is located at 1228 E 87th St, Los Angeles, CA 90002 since 26 August 2015 and is currently estimated at $708,373, approximately $428 per square foot. This property was built in 1947. 1228 E 87th St is a home located in Los Angeles County with nearby schools including Russell Elementary School, Charles Drew Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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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