NOT LISTED FOR SALE

1244 S Ferris Ave Los Angeles, CA 90022

Estimated Value: $607,000 - $784,000

2 Beds
2 Baths
1,212 Sq Ft
$561/Sq Ft Est. Value

Last Sold February 16, 2012

Last sale price $200,000 $165 Per Sq Ft

Est. 240% increase in value since last sale

Current estimated payment $4,028/month

39 Days on Market

Highlights

  • Traditional Architecture
  • Wood Siding
  • Heating System Uses Natural Gas
  • Tile Flooring

About This Home

As of February 2012

Very well kept two units in desirable ELA. Close to Whittier Blvd. and all it's shopping. Close to public transportation. Front unit larger than it looks with spacious one bedroom, kitchen w/built in storage, laudry room attached to kitchen, newer windows and heater. Back unit is very well kept, title shows as one bedroom, but can be used as two. Very comfortable living room with dining attached. Both units are very cozy.

Last Agent to Sell the Property

Mario Espinoza

ReMax College Park Realty License #01169090 Listed on: 11/07/2011

ReMax College Park Realty

Last Buyer's Agent

Adalind Perez

Viking Realty License #00917389

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,991

Year Built

  • Built in 1950

Lot Details

  • 4,954 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • 1,212 Sq Ft Home
  • Traditional Architecture
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Flooring

  • Carpet
  • Laminate
  • Tile

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Block J
  • Tax Tract Number 7366
  • Assessor Parcel Number 5245018015

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,991

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Assessments: No
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 5245018015
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet, Tile
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 165.02

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 4954.00
  • Lot Size Acres: 0.1140

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 658
  • Average2 Bed Area: 554
  • Gross Multiplier: 28.88
  • Gross Scheduled Income: 9000.00
  • Lot Size Area: 4954.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2

Tax Info

  • Tax Area: 6457
  • Tax Block: J
  • Tax Lot: 0.
  • Tax Tract Number: 7366

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2011
Closed on
Dec 19, 2011
Sold by
Cortez Gilbert and Cortez Jenny
Bought by
Garcia Marlene
Seller's Agent
Mario Espinoza
ReMax College Park Realty
Buyer's Agent
Adalind Perez
Viking Realty
List Price
$259,900
Sold Price
$200,000
Premium/Discount to List
-$59,900
-23.05%
Current Estimated Value
$679,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$479,417
Avg. Annual Appreciation
9.44%
Original Mortgage
$151,500
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 4, 2003
Sold by
Garcia Marlene and Cortez Kelly
Bought by
Gilbert & Jenny Cortez 2003 Family Trust

Purchase Details

Closed on
Jul 6, 1999
Sold by
Cortez Kelly
Bought by
Garcia Marlene
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
Garcia Marlene $200,000 Chicago Title
Gilbert & Jenny Cortez 2003 Family Trust -- --
Garcia Marlene -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Marlene $220,334
Closed Garcia Marlene $186,000
Closed Garcia Marlene $181,000
Previous Owner Garcia Marlene $151,500
Previous Owner Cortez Gilbert $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2012 02/16/12 Sold $200,000 -23.0% $165 / Sq Ft
12/16/2011 12/16/11 Pending -- -- --
11/07/2011 11/07/11 For Sale $259,900 -- $214 / 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 $3,991 $247,883 $157,746 $90,137
2024 $3,991 $243,023 $154,653 $88,370
2023 $3,818 $238,259 $151,621 $86,638
2022 $3,704 $233,589 $148,649 $84,940
2021 $3,593 $229,010 $145,735 $83,275
2020 $3,569 $226,663 $144,241 $82,422
2019 $3,475 $222,219 $141,413 $80,806
2018 $3,469 $217,863 $138,641 $79,222
2016 $3,326 $209,405 $133,258 $76,147
2015 $3,162 $206,261 $131,257 $75,004
2014 $3,134 $202,221 $128,686 $73,535
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Mario Espinoza

    RE/MAX

    Section Image

  • A

    Buyer's Agent in 2012

    Adalind Perez

    Viking Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1106851

California Regional Multiple Listing Service (CRMLS)

APN: 5245-018-015

California Los Angeles County Los Angeles 90022

1244 S Ferris Ave, Los Angeles, CA

This home is located at 1244 S Ferris Ave, Los Angeles, CA 90022 since 07 November 2011 and is currently estimated at $679,417, approximately $560 per square foot. This property was built in 1950. 1244 S Ferris Ave is a home located in Los Angeles County with nearby schools including Winter Gardens Elementary School, Montebello Intermediate School, and Montebello High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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