Seller's Agent in 2023
Dave Salzman
Engel & Völkers LA South Bay
(310) 871-5314
1 in this area
73 Total Sales
1234 W 109th St Los Angeles, CA 90044
Westmont NeighborhoodEstimated Value: $912,000 - $1,040,000
7
Beds
4
Baths
2,889
Sq Ft
$338/Sq Ft
Est. Value
Highlights
- Solar Power System
- Up Slope from Street
- 2 Car Garage
- No HOA
- Laundry Room
About This Home
As of April 2023Welcome to our new triplex listing in the heart of Los Angeles! This immaculately maintained property comprises of three units, including a spacious 3-bedroom, 2-bathroom house with its own unique charm and character, and two 2-bedroom, 1-bathroom units at the rear. The front house has newly leased solar with low monthly payments. The 2 rear units are rented to Section 8 tenants and one Section 8 tenant renting a bedroom in front house. Plumbing and electrical updated. All utilities separately metered. Whether you're an owner-occupier seeking additional income to support your mortgage payments or an investor looking for an income-generating property, this is a rare opportunity you won't want to miss. Accessible to freeways and within a short drive to LAX, Sofi Stadium and the new Clippers arena. Property falls within County of LA. Contact us today to schedule a private showing and experience firsthand why this triplex is the perfect place to call home.
Last Agent to Sell the Property
Engel & Völkers LA South Bay License #00952732 Listed on: 02/22/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,323
Year Built
- Built in 1960
Lot Details
- 7,971 Sq Ft Lot
- 1 Common Wall
Parking
- 2 Car Garage
- Parking Available
- Up Slope from Street
- Driveway
Home Design
- 2,889 Sq Ft Home
- Triplex
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Additional Features
- Laundry Room
- Solar Power System
Listing and Financial Details
- Tax Lot 109
- Tax Tract Number 6003
- Assessor Parcel Number 6076007012
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Gross Income $58,085
- Net Operating Income $58,085
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 22, 2023
Closed on
Mar 30, 2023
Sold by
Marva Mitchell Living Trust
Bought by
Castro David Salvador and Barnic Jessica Magdalena Am
Seller's Agent
Dave Salzman
Engel & Völkers LA South Bay
Buyer's Agent
Guisela Mendoza
Anguiano and Associates, Inc.
List Price
$875,000
Sold Price
$875,000
Views
63
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,658
Avg. Annual Appreciation
4.89%
Original Mortgage
$700,000
Outstanding Balance
$681,711
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$294,947
Purchase Details
Closed on
Jun 5, 2018
Sold by
Mitchell Marva
Bought by
Mitchell Marva and Marva Mitchell Living Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Castro David Salvador | $875,000 | Lawyers Title Company | |
| Mitchell Marva | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Castro David Salvador | $700,000 | |
| Previous Owner | Mitchell Marva | $70,000 | |
| Previous Owner | Mitchell Marva | $421,250 | |
| Previous Owner | Mitchell Marva | $296,000 | |
| Previous Owner | Mitchell Marva | $264,995 | |
| Previous Owner | Mitchell Marva | $208,000 | |
| Previous Owner | Mitchell Marva | $35,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/25/2023 04/25/23 | Sold | $875,000 | 0.0% | $303 / Sq Ft |
| 03/16/2023 03/16/23 | Pending | -- | -- | -- |
| 02/22/2023 02/22/23 | For Sale | $875,000 | -- | $303 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,323 | $910,350 | $598,230 | $312,120 |
| 2024 | $12,323 | $892,500 | $586,500 | $306,000 |
| 2023 | $11,111 | $811,512 | $624,240 | $187,272 |
| 2022 | $10,607 | $795,600 | $612,000 | $183,600 |
| 2021 | $3,776 | $200,942 | $74,629 | $126,313 |
| 2020 | $3,791 | $198,882 | $73,864 | $125,018 |
| 2019 | $3,685 | $194,983 | $72,416 | $122,567 |
| 2018 | $3,577 | $191,161 | $70,997 | $120,164 |
| 2016 | $3,405 | $183,740 | $68,241 | $115,499 |
| 2015 | $3,360 | $180,981 | $67,216 | $113,765 |
| 2014 | $3,372 | $177,437 | $65,900 | $111,537 |
Source: Public Records
Agents Affiliated with this Home
-
-
R
Seller Co-Listing Agent in 2023
Richard Estes
Engel & Völkers LA South Bay
(310) 925-8681
1 in this area
3 Total Sales
-
Buyer's Agent in 2023
Guisela Mendoza
Anguiano and Associates, Inc.
(310) 621-9947
1 in this area
8 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23029920
APN: 6076-007-012
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.
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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