NOT LISTED FOR SALE

1244 E 83rd St Los Angeles, CA 90001

Estimated Value: $832,995 - $988,000

4 Beds
2 Baths
1,776 Sq Ft
$492/Sq Ft Est. Value

Last Sold June 08, 2021

Last sale price $715,000 $403 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,515/month

9 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Park
  • Tile Flooring
  • Fireplace in Kitchen
  • Laundry Room
  • Wall Furnace

About This Home

As of June 2021

Two homes on one lot! Nice quiet neighborhood with plenty of street parking. both structures are freestanding. This is a great opportunity to own one and live in the other. Both units are very spacious and consist of 2 bedrooms and one bathroom each. Perfect for a first-time homebuyer or a seasoned investor. Huge Lot with over 9300 Sqft. These two units are located in a centralized neighborhood. They are just a few minutes away from Downtown Los Angeles and in great proximity to all the major freeways including the 110,105,10 and 405 freeways. Both units maintain their own privacy, with their own front and back yards. They are independent of one another. Both units are currently occupied with great tenants on a month-to-month lease. The property is in an unincorporated area with no rent control. Some of the upgrades include: new windows, new light fixtures, new kitchens, a new garage door, both bathrooms were recently upgraded, new electrical panel. lastly, both units have their own utilities independent of one another. separate water, gas, and electric meters.

Last Agent to Sell the Property

MIKE VIRAMONTES

Excellence RE Real Estate License #01741799 Listed on: 04/19/2021

Last Buyer's Agent

MIKE VIRAMONTES

Excellence RE Real Estate License #01741799 Listed on: 04/19/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,358

Year Built

  • Built in 1961

Lot Details

  • 9,444 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 1,776 Sq Ft Home
  • Living Room with Fireplace
  • Fireplace in Kitchen
  • Laundry Room

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 14982
  • Assessor Parcel Number 6028028007

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $800
  • Trash Expense $60
  • Water Sewer Expense $60
  • New Taxes Expense $1
  • Gross Income $4,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,358

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 60.00
  • Zoning: LCR3YY
  • Property Type: Residential Income
  • Parcel Number: 6028028007
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: No
  • Fireplace Features: Kitchen, Living Room
  • Price Per Square Foot: 402.59
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Trash Expense: 60.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Suburban

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9444.00
  • Lot Size Acres: 0.2168

Multi Family

  • Gross Income: 4000.00
  • Gross Scheduled Income: 4000.00
  • Insurance Expense: 800.00
  • Lot Size Area: 9444.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 100.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 1.25
  • Tax Census Tract: 5351.01
  • Tax Lot: 23
  • Tax Tract Number: 14982

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
Jun 2, 2021
Sold by
Velasco Ramiro and Diaz Nancy
Bought by
Singh Harwinder
Seller's Agent
MIKE VIRAMONTES
Excellence RE Real Estate
Buyer's Agent
MIKE VIRAMONTES
Excellence RE Real Estate
List Price
$659,888
Sold Price
$715,000
Premium/Discount to List
$55,112
8.35%
Current Estimated Value
$872,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,999
Avg. Annual Appreciation
3.85%
Original Mortgage
$500,500
Outstanding Balance
$455,110
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$385,382

Purchase Details

Listed on
Apr 19, 2021
Closed on
May 21, 2021
Sold by
Kaur Davinder
Bought by
Singh Harwinder
Seller's Agent
MIKE VIRAMONTES
Excellence RE Real Estate
Buyer's Agent
MIKE VIRAMONTES
Excellence RE Real Estate
List Price
$659,888
Sold Price
$715,000
Premium/Discount to List
$55,112
8.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,500
Outstanding Balance
$455,110
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$385,382

Purchase Details

Closed on
Feb 25, 2019
Sold by
Velasco Ramiro and Diaz Nancy
Bought by
Velasco Ramiro and Diaz Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,750
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 26, 2015
Closed on
Aug 5, 2015
Sold by
Cooper Ronondo Thomas
Bought by
Cooper Dana Goodwill
Seller's Agent
NA' KISHA CRAWFORD
HALL STREET REALTY
Buyer's Agent
MIKE VIRAMONTES
Excellence RE Real Estate
List Price
$379,000
Sold Price
$385,000
Premium/Discount to List
$6,000
1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.07%
Original Mortgage
$378,026
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 26, 2015
Closed on
Jul 13, 2015
Sold by
Cooper Dana Goodwill
Bought by
Velasco Ramiro and Diaz Nancy
Seller's Agent
NA' KISHA CRAWFORD
HALL STREET REALTY
Buyer's Agent
MIKE VIRAMONTES
Excellence RE Real Estate
List Price
$379,000
Sold Price
$385,000
Premium/Discount to List
$6,000
1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,026
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 31, 2004
Sold by
Johnson Rose Elizabeth
Bought by
Rose Elizabeth Johnson Family Trust
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
Singh Harwinder $715,000 Monarch Title Company
Singh Harwinder -- Monarch Title Company
Velasco Ramiro -- Old Republic Title Co
Cooper Dana Goodwill -- Chicago Title Company
Velasco Ramiro $385,000 Chicago Title Company
Rose Elizabeth Johnson Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Harwinder $500,500
Previous Owner Velasco Ramiro $369,750
Previous Owner Velasco Ramiro $378,026
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2021 06/08/21 Sold $715,000 +2.2% $403 / Sq Ft
04/28/2021 04/28/21 Price Changed $699,888 +6.1% $394 / Sq Ft
04/28/2021 04/28/21 For Sale $659,888 -7.7% $372 / Sq Ft
04/26/2021 04/26/21 Off Market $715,000 -- --
04/19/2021 04/19/21 For Sale $659,888 +71.4% $372 / Sq Ft
08/27/2015 08/27/15 Sold $385,000 +1.6% $217 / Sq Ft
07/07/2015 07/07/15 Pending -- -- --
06/26/2015 06/26/15 For Sale $379,000 -- $213 / 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 $10,358 $773,938 $541,216 $232,722
2024 $10,358 $758,763 $530,604 $228,159
2023 $10,014 $743,886 $520,200 $223,686
2022 $9,548 $729,300 $510,000 $219,300
2021 $6,031 $421,051 $257,005 $164,046
2020 $6,073 $416,734 $254,370 $162,364
2019 $5,856 $408,564 $249,383 $159,181
2018 $5,701 $400,554 $244,494 $156,060
2016 $5,461 $385,000 $235,000 $150,000
2015 $2,378 $122,360 $41,356 $81,004
2014 $2,386 $119,964 $40,546 $79,418
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB21078319

California Regional Multiple Listing Service (CRMLS)

APN: 6028-028-007