NOT LISTED FOR SALE

1234 W 97th St Los Angeles, CA 90044

Estimated Value: $661,000 - $749,064

5 Beds
3 Baths
1,528 Sq Ft
$471/Sq Ft Est. Value

Last Sold September 24, 2020

Last sale price $475,000 $311 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,420/month

122 Days on Market

Highlights

  • Lawn
  • No HOA
  • Laundry Room

About This Home

As of September 2020

Attention Investors!!! Here is a great investment opportunity to acquire a Duplex in Los Angeles with private yards for each unit. Front unit (3 bed, 1 1/2) bath) has its own laundry room and Rear unit (2bed , 1 bath) has washer/ dryer hookups. The property has a detached 2 car garage on a long driveway with plenty of on-site parking. The garage has a full bathroom conversion that is not permitted. Commuter friendly, with easy access to public transportation. Property needs work and is being sold in its present condition with no repairs.

Last Agent to Sell the Property

Charles Burns

USA Realty & Loans License #01784371 Listed on: 04/22/2020

USA Realty & Loans

Last Buyer's Agent

Reginald Mckizzie

Palma Investments License #01964289

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,869

Year Built

  • Built in 1923

Lot Details

  • 6,501 Sq Ft Lot
  • No Common Walls
  • Lawn
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,528 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 83
  • Tax Tract Number 3
  • Assessor Parcel Number 6056016008

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,869

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LCR320U*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6056016008
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 310.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Lawn
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Multi Family

  • Lot Size Area: 6501.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Actual Rent: 2375.00

Tax Info

  • Tax Census Tract: 6002.01
  • Tax Lot: 83
  • Tax Tract Number: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2020
Closed on
Aug 26, 2020
Sold by
Becton Judge
Bought by
Becton Sandra
Seller's Agent
Charles Burns
USA Realty & Loans
Buyer's Agent
Reginald Mckizzie
Palma Investments
List Price
$499,999
Sold Price
$475,000
Premium/Discount to List
-$24,999
-5%
Current Estimated Value
$719,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,016
Avg. Annual Appreciation
8.50%
Original Mortgage
$472,500
Outstanding Balance
$418,359
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$300,657

Purchase Details

Listed on
Apr 22, 2020
Closed on
Aug 25, 2020
Sold by
Becton Sandra
Bought by
Palma Investments Inc
Seller's Agent
Charles Burns
USA Realty & Loans
Buyer's Agent
Reginald Mckizzie
Palma Investments
List Price
$499,999
Sold Price
$475,000
Premium/Discount to List
-$24,999
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Outstanding Balance
$418,359
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$300,657

Purchase Details

Closed on
Feb 28, 2020
Sold by
Becton Sandra and Burns Sandra
Bought by
Becton Sandra
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
Becton Sandra -- Ticor Title Company Of Ca
Palma Investments Inc $475,000 Ticor Title Company Of Ca
Becton Sandra -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palma Investments Inc $472,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2020 09/24/20 Sold $475,000 -5.0% $311 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
04/22/2020 04/22/20 For Sale $499,999 -- $327 / 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 $7,869 $530,603 $371,422 $159,181
2024 $7,521 $520,200 $364,140 $156,060
2023 $7,230 $510,000 $357,000 $153,000
2022 $6,628 $484,500 $357,000 $127,500
2021 $7,033 $475,000 $350,000 $125,000
2020 $4,235 $276,737 $127,443 $149,294
2019 $4,092 $271,312 $124,945 $146,367
2018 $3,979 $265,994 $122,496 $143,498
2016 $3,814 $255,668 $117,741 $137,927
2015 $3,758 $251,829 $115,973 $135,856
2014 $3,764 $246,897 $113,702 $133,195
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Charles Burns

    USA Realty & Loans

    1 Total Sale

    Charles Burns
    Section Image
  • Reginald Mckizzie

    Buyer's Agent in 2020

    Reginald Mckizzie

    Palma Investments

    (562) 209-6874

    17 Total Sales

    Reginald Mckizzie
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20077427

California Regional Multiple Listing Service (CRMLS)

APN: 6056-016-008

California Los Angeles County Los Angeles 90044

1234 W 97th St, Los Angeles, CA

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