NOT LISTED FOR SALE

1238 S Townsend Ave Los Angeles, CA 90023

Estimated Value: $659,000 - $992,000

4 Beds
3 Baths
1,668 Sq Ft
$514/Sq Ft Est. Value

Last Sold April 03, 2017

Last sale price $560,000 $336 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,580/month

118 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • Tile Flooring
  • James A. Garfield Senior High School Rated A
  • Laundry Room
  • Ceiling Fan

About This Home

As of April 2017

Incredible investment opportunity! Remodeled triplex is rent-ready. Both 1-bedroom units have new laminate flooring in living rooms, carpet in the bedrooms, interior laundry hook-ups and new energy efficient wall heaters. Kitchens boast brand new cabinets with granite countertops and stainless steel appliances. Bathroom has new tub and vanity sink. Back unit is a 2-bedroom complete with new bathtub, plush carpeting, new wall heater, stainless steel appliances, interior laundry closet and a dedicated carport. Property is secured behind rolling gate and has a new roof over front units. All 3 units are move-in ready!

Last Agent to Sell the Property

Polly Watts

Sundae Homes License #00895696 Listed on: 11/04/2016

Last Buyer's Agent

Mike Antonelli

Premier Realty Associates License #01940311

Premier Realty Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,930

Year Built

  • Built in 1930

Lot Details

  • 5,822 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • Back and Front Yard

Home Design

  • Traditional Architecture
  • Spanish Architecture
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,668 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Gas Cooktop
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • Carport
  • Parking Available

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 373
  • Assessor Parcel Number 5242013008

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,400
  • Net Operating Income $40,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,930

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Other Phone Number: 866-640-3040
  • Property Attached: No
  • View: No
  • Zoning: LCR4YY
  • Architectural Style: Spanish, Traditional
  • Property Type: Residential Income
  • Parcel Number: 5242013008
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 335.73
  • Room Type: Living Room

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5822.00

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 3400.00
  • Gross Scheduled Income: 40800.00
  • Net Operating Income: 40800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5313.02
  • Tax Lot: 373

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2016
Closed on
Mar 30, 2017
Sold by
Hollyvale Rental Holdings Llc
Bought by
Navarro Alexis J and Navarro Wanching
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Mike Antonelli
Premier Realty Associates
List Price
$579,900
Sold Price
$560,000
Premium/Discount to List
-$19,900
-3.43%
Current Estimated Value
$856,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,798
Avg. Annual Appreciation
4.73%
Original Mortgage
$408,750
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2016
Sold by
Castellon Leo
Bought by
Hollyvale Rental Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,999
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 1998
Sold by
Silva Rosa
Bought by
Castellon Leo
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
Navarro Alexis J $560,000 Title 365
Hollyvale Rental Holdings Llc $384,000 Accommodation
Castellon Leo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Navarro Alexis J $486,400
Closed Navarro Alexis J $472,500
Closed Navarro Alexis J $408,750
Previous Owner Hollyvale Rental Holdings Llc $150,800
Previous Owner Hollyvale Rental Holdings Llc $249,999
Previous Owner Castellon Leo $200,000
Previous Owner Castellon Leo $94,459
Previous Owner Castellon Leo $98,000
Previous Owner Castellon Leo $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2017 04/03/17 Sold $560,000 -1.7% $336 / Sq Ft
03/02/2017 03/02/17 Pending -- -- --
02/17/2017 02/17/17 Price Changed $569,900 -1.7% $342 / Sq Ft
01/13/2017 01/13/17 Price Changed $579,900 0.0% $348 / Sq Ft
01/13/2017 01/13/17 For Sale $579,900 -3.4% $348 / Sq Ft
12/12/2016 12/12/16 Pending -- -- --
11/04/2016 11/04/16 For Sale $600,000 -- $360 / 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 $10,930 $761,689 $292,463 $469,226
2024 $10,930 $746,755 $286,729 $460,026
2023 $10,411 $732,113 $281,107 $451,006
2022 $9,945 $717,759 $275,596 $442,163
2021 $8,594 $600,430 $270,193 $330,237
2020 $8,655 $594,274 $267,423 $326,851
2019 $8,240 $582,623 $262,180 $320,443
2018 $8,063 $571,200 $257,040 $314,160
2016 $1,752 $44,471 $16,125 $28,346
2015 $1,734 $43,804 $15,883 $27,921
2014 $1,745 $42,947 $15,572 $27,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS16739029

California Regional Multiple Listing Service (CRMLS)

APN: 5242-013-008