NOT LISTED FOR SALE

1234 E 59th Place Los Angeles, CA 90001

Estimated Value: $671,000 - $1,042,000

6 Beds
3 Baths
1,750 Sq Ft
$450/Sq Ft Est. Value

Last Sold February 12, 2013

Last sale price $339,000 $194 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $4,807/month

2 Days on Market

Highlights

  • City Lights View
  • Wood Flooring
  • Laundry Room
  • Traditional Architecture
  • Granite Countertops
  • Wrought Iron Fence

About This Home

As of February 2013

BEAUTIFULLY REMODELED TWO ON A LOT!!! STANDARD SALE!!!**NOT AN REO OR SHORT SALE**STANDARD SALE!!! BEAUTIFULLY RENOVATED 3 BED 2 BATH HOME AND 3 BEDROOM 1 BATH HOME WITH A 2 CAR GARAGE! MOVE IN READY WITH ALL THE UPGRADES *FHA OFFERS WELCOME!* THIS HOME HAS NEW INTERIOR AND EXTERIOR PAINT, GRANITE COUNTER TOPS IN KITCHEN W/ GRANITE IN THE BATHROOMS, NEW FIXTURES, SINKS, TILE FLOORING, UPGRADED PLUSH CARPET, ETC!!! A PERFECT SIZED FRONT LAWN AND PLENTY OF ROOM IN THE BACK YARD FOR ENTERTAINING. READY TO MOVE IN IMMEDIATELY. PRICED TO SELL, THIS HOME WILL NOT LAST LONG.

Last Agent to Sell the Property

Sandra Morales

ROYAL HOMES & LOANS License #01759559 Listed on: 10/01/2012

Last Buyer's Agent

Sandra Morales

ROYAL HOMES & LOANS License #01759559 Listed on: 10/01/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,227

Year Built

  • Built in 1923

Lot Details

  • 5,595 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Traditional Architecture
  • Shingle Roof

Interior Spaces

  • 1,750 Sq Ft Home
  • Wood Flooring
  • City Lights Views
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Recirculated Exhaust Fan
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace
  • Engineered Septic

Listing and Financial Details

  • Tax Lot 98
  • Tax Tract Number 5449
  • Assessor Parcel Number 6008010005

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $900
  • Insurance Expense $850
  • Trash Expense $600
  • Water Sewer Expense $960
  • New Taxes Expense $4,237
  • Gross Income $3,100
  • Net Operating Income $2,408

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,227

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: Sandra Morales
  • Other Phone Number: 626705-8825
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s)
  • View: Yes
  • Water Sewer Expenses: 960.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 6008010005
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 193.71

Exterior Features

  • View: City Lights
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Recirculated Exhaust Fan
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Engineered Septic
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5595.00
  • Lot Size Acres: 0.1280

Multi Family

  • Electric Expense: 900.00
  • Gross Income: 3100.00
  • Gross Scheduled Income: 3100.00
  • Insurance Expense: 850.00
  • Lot Size Area: 5595.0000 Square Feet
  • Net Operating Income: 2408.00
  • 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: 692.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 4237.00
  • Tax Lot: 98
  • Tax Tract Number: 5449
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2016
Sold by
Cornejo Jenny and Ochoa Sonia
Bought by
Cornejo Jenny
Current Estimated Value
$787,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Outstanding Balance
$258,632
Interest Rate
3.41%
Mortgage Type
New Conventional
Estimated Equity
$528,412

Purchase Details

Closed on
Oct 10, 2012
Sold by
Pm Developments Llc
Bought by
Cornejo Jenny and Ochoa Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,859
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 16, 2012
Closed on
May 16, 2012
Sold by
U S Bank National Association
Bought by
Pm Development Llc
Seller's Agent
Jesse Aguayo
KELLER WILLIAMS REALTY
Buyer's Agent
Yvette Medina
C-21 Powerhouse
List Price
$171,500
Sold Price
$190,000
Premium/Discount to List
$18,500
10.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.36%
Original Mortgage
$152,000
Interest Rate
3.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 2011
Sold by
Lomeli Yesenia
Bought by
U S Bank National Association

Purchase Details

Closed on
Sep 22, 2006
Sold by
Bacashihua Andy
Bought by
Lomeli Yesenia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2006
Sold by
Lomeli Yesenia
Bought by
Lomeli Yesenia and Bacashihua Andy

Purchase Details

Closed on
Jan 30, 2006
Sold by
Morales Francisco and Morales Lilia M
Bought by
Lomeli Yesenia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.47%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 25, 2005
Sold by
Morales Francisco and Morales Lilia M
Bought by
Morales Francisco and Morales Lilia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2002
Sold by
Morales Francisco and Magana Hector
Bought by
Morales Francisco and Morales Lilia M

Purchase Details

Closed on
Jan 9, 1998
Sold by
Morales Francisco and Morales Lilia
Bought by
Morales Francisco and Magana Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,472
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 25, 1995
Sold by
Sanchez Pedro and Sanchez Adelina
Bought by
Morales Francisco and Morales Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,068
Interest Rate
8.9%
Mortgage Type
FHA
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
Cornejo Jenny -- Wfg National Title Co Of Ca
Cornejo Jenny $339,000 Title 365
Pm Development Llc $185,000 None Available
U S Bank National Association $566,400 Landsafe Title
Lomeli Yesenia -- Ugtic
Lomeli Yesenia -- Accommodation
Lomeli Yesenia $450,000 United Independent Title
Morales Francisco -- Alliance Title
Morales Francisco -- --
Morales Francisco -- South Coast Title
Morales Francisco $183,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cornejo Jenny $324,000
Previous Owner Cornejo Jenny $332,859
Previous Owner Pm Development Llc $152,000
Previous Owner Lomeli Yesenia $420,000
Previous Owner Lomeli Yesenia $360,000
Previous Owner Morales Francisco $320,000
Previous Owner Morales Francisco $175,472
Previous Owner Morales Francisco $178,068
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2013 02/12/13 Sold $339,000 0.0% $194 / Sq Ft
10/03/2012 10/03/12 Pending -- -- --
10/01/2012 10/01/12 For Sale $339,000 +78.4% $194 / Sq Ft
06/11/2012 06/11/12 Sold $190,000 +10.8% $115 / Sq Ft
05/03/2012 05/03/12 Pending -- -- --
04/16/2012 04/16/12 For Sale $171,500 -- $104 / 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 $6,227 $423,421 $256,605 $166,816
2024 $6,227 $415,120 $251,574 $163,546
2023 $5,959 $406,982 $246,642 $160,340
2022 $5,698 $399,003 $241,806 $157,197
2021 $5,632 $391,180 $237,065 $154,115
2020 $5,670 $387,170 $234,635 $152,535
2019 $5,469 $379,580 $230,035 $149,545
2018 $5,347 $372,138 $225,525 $146,613
2016 $5,062 $352,638 $208,047 $144,591
2015 $4,988 $347,342 $204,922 $142,420
2014 $4,991 $340,539 $200,908 $139,631
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV12128830

California Regional Multiple Listing Service (CRMLS)

APN: 6008-010-005