NOT LISTED FOR SALE

1232 E 87th Place Los Angeles, CA 90002

Estimated Value: $726,000 - $956,000

6 Beds
2 Baths
1,774 Sq Ft
$474/Sq Ft Est. Value

Last Sold March 10, 2021

Last sale price $685,888 $387 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,472/month

29 Days on Market

Highlights

  • Neighborhood Views
  • Laundry Room
  • Wall Furnace

About This Home

As of March 2021

Live smart on East 87th Place! This renovated two on a lot Duplex creates an easy opportunity to live in one unit and rent the other all while having no common walls. Enter each unit to find two functional floor plans with 3 bedrooms and 1 full bath with indoor laundry hookups. Both units have an updated kitchen with white shaker cabinets, white quartz counter tops, new fixtures, new windows, new carpet in all bedrooms, laminate flooring, custom tiled bathroom with new vanity, freshly painted interior and exterior, and new water heaters to name a few. The property is fully fenced, paved with an avocado tree between the unit and a long driveway for ample parking. Conveniently located to the Harbor 110 Freeway makes this property very accessible to Downtown LA, San Pedro Harbor, LAX and Beach Cities and beyond.

Last Agent to Sell the Property

Juree Rambo

Rambo Real Estate Group License #01843137 Listed on: 01/13/2021

Last Buyer's Agent

adam martinez

Romeo Echo Real Estate,Inc License #01932164

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,926

Year Built

  • Built in 1937

Lot Details

  • 5,334 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Shingle Roof

Interior Spaces

  • 1,774 Sq Ft Home
  • Laminate Flooring
  • Neighborhood Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 144
  • Tax Tract Number 7421
  • Assessor Parcel Number 6043014010

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $889
  • Water Sewer Expense $1,200
  • New Taxes Expense $8,090
  • Operating Expense $10,779
  • Gross Income $60,000
  • Net Operating Income $49,221

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,926

Year Built

Built in 1937

Lot Details

0

Listing Details

  • CapRate: 7.24
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LCR2YY
  • Property Type: Residential Income
  • Parcel Number: 6043014010
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: No
  • Price Per Square Foot: 386.63

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5334.00
  • Lot Size Acres: 0.1225

Multi Family

  • Gross Income: 60000.00
  • Gross Multiplier: 11.33
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 889.00
  • Lot Size Area: 5334.0000 Square Feet
  • Net Operating Income: 49221.00
  • 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: 10779.00
  • Rent Control: No
  • Total Expenses: 10779.00

Tax Info

  • New Taxes Expense: 8090.00
  • Tax Census Tract: 5351.02
  • Tax Lot: 144
  • Tax Tract Number: 7421

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2021
Closed on
Feb 19, 2021
Sold by
Catamount Properties 2018 Llc
Bought by
Cuellar Robert
Seller's Agent
Juree Rambo
Rambo Real Estate Group
Buyer's Agent
adam martinez
Romeo Echo Real Estate,Inc
List Price
$679,900
Sold Price
$685,888
Premium/Discount to List
$5,988
0.88%
Current Estimated Value
$841,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,177
Avg. Annual Appreciation
4.73%
Original Mortgage
$514,416
Outstanding Balance
$462,184
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$378,881

Purchase Details

Closed on
Dec 30, 2019
Sold by
Preciado Conrado and Preciado Maria Eva
Bought by
Catamoutit Properties 2018 Llc

Purchase Details

Closed on
Sep 12, 2006
Sold by
Ornelas Conrado Preciado
Bought by
Preciado Conrado and Preciado Maria Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,500
Interest Rate
8.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 2005
Sold by
Soto Candelario
Bought by
Ornelas Conrado Preciado

Purchase Details

Closed on
May 16, 2005
Sold by
Preciado Carolina
Bought by
Soto Candelario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.95%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 12, 2004
Sold by
Mendoza Jess E and Mendoza Wanda M
Bought by
Preciado Carolina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,500
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 2003
Sold by
Jimenez Ramiro and Jimenez Jane
Bought by
J & W Properties Lp

Purchase Details

Closed on
Apr 20, 2000
Sold by
Gipson Mattie
Bought by
Gipson Johnny

Purchase Details

Closed on
Apr 5, 2000
Sold by
Gipson Ronald E and Gipson Lesley N
Bought by
Gipson Ronald

Purchase Details

Closed on
Feb 22, 2000
Sold by
Gipson Leslie N
Bought by
Gipson Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,720
Interest Rate
8.3%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 4, 2000
Sold by
Pratte Eliza
Bought by
Jimenez Ramiro and Jimenez Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,720
Interest Rate
8.3%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 29, 1999
Sold by
Gipson Ronald E and Gipson Lesley N
Bought by
Gipson Ronald E and Gipson Lesley N

Purchase Details

Closed on
Oct 5, 1996
Sold by
Gipson Romie
Bought by
Pratte Eliza and Gipson Johnny
Source: Public Records

Range of Values:

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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
Cuellar Robert $686,000 Fidelity Natl Ttl Co Torranc
Cuellar Robert -- Fidelity Natl Ttl Co Torranc
Catamoutit Properties 2018 Llc $418,500 Title365
Preciado Conrado -- Gateway Title Company
Ornelas Conrado Preciado -- --
Soto Candelario $410,000 Financial Title Gardena
Preciado Carolina $325,000 Southland Title
Mendoza Jess E -- Southland Title
J & W Properties Lp $224,900 --
Gipson Johnny -- Fidelity National Title Co
Gipson Ronald -- Fidelity National Title Co
Gipson Ronald -- Fidelity Title
Jimenez Ramiro $175,000 Fidelity National Title Co
Gipson Ronald E -- --
Pratte Eliza -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cuellar Robert $514,416
Previous Owner Preciado Conrado $484,500
Previous Owner Soto Candelario $328,000
Previous Owner Preciado Carolina $287,500
Previous Owner Jimenez Ramiro $172,720
Closed Soto Candelario $82,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2021 03/10/21 Sold $685,888 +0.9% $387 / Sq Ft
01/23/2021 01/23/21 For Sale $679,900 -0.9% $383 / Sq Ft
01/19/2021 01/19/21 Off Market $685,888 -- --
01/13/2021 01/13/21 For Sale $679,900 -- $383 / 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 $9,926 $742,425 $541,216 $201,209
2024 $9,926 $727,868 $530,604 $197,264
2023 $9,590 $713,597 $520,200 $193,397
2022 $9,142 $699,605 $510,000 $189,605
2021 $7,646 $565,801 $252,590 $313,211
2020 $7,879 $574,790 $362,369 $212,421
2019 $7,583 $563,520 $355,264 $208,256
2018 $7,465 $552,472 $348,299 $204,173
2016 $7,152 $531,021 $334,775 $196,246
2015 $7,043 $523,046 $329,747 $193,299
2014 $7,043 $512,801 $323,288 $189,513
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21008354

California Regional Multiple Listing Service (CRMLS)

APN: 6043-014-010