NOT LISTED FOR SALE

1255 S Kern Ave Los Angeles, CA 90022

Estimated Value: $791,000 - $985,000

5 Beds
2 Baths
2,020 Sq Ft
$428/Sq Ft Est. Value

Last Sold April 13, 2017

Last sale price $520,000 $257 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $5,213/month

7 Days on Market

About This Home

As of April 2017

This home is located at 1255 S Kern Ave, Los Angeles, CA 90022 since 22 February 2017 and is currently estimated at $863,904, approximately $427 per square foot. This property was built in 1941. 1255 S Kern Ave is a home located in Los Angeles County with nearby schools including Winter Gardens Elementary School, Montebello Intermediate School, and Montebello High School.

Last Agent to Sell the Property

Devlin Duarte

Real Consultants License #01314423 Listed on: 02/22/2017

Last Buyer's Agent

Richard Carlos

ROA California Inc License #01997923

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,192

Year Built

  • Built in 1941

Lot Details

  • 6,587 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 2,020 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • Unassigned Parking

Utilities

  • Sewer Not Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5246018035

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,650
  • New Taxes Expense $6,875
  • Operating Expense $8,525
  • Gross Income $18,600
  • Net Operating Income $33,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,192

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LCRY*
  • Property Type: Residential Income
  • Parcel Number: 5246018035
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 257.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Sewer: None
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6587.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 18600.00
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 1650.00
  • Net Operating Income: 33200.00
  • 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: 1600.00
  • Rent Control: No
  • Total Expenses: 8525.00

Tax Info

  • New Taxes Expense: 6875.00
  • Tax Census Tract: 5316.02
  • Tax Lot: 00
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2017
Closed on
Apr 8, 2017
Sold by
Tang Tina Nee
Bought by
Tran Steven Phung
Seller's Agent
Devlin Duarte
Real Consultants
Buyer's Agent
Richard Carlos
ROA California Inc
List Price
$555,000
Sold Price
$520,000
Premium/Discount to List
-$35,000
-6.31%
Current Estimated Value
$863,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,904
Avg. Annual Appreciation
6.12%
Original Mortgage
$312,000
Outstanding Balance
$258,845
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$605,059

Purchase Details

Listed on
Feb 22, 2017
Closed on
Apr 7, 2017
Sold by
Livin Favela Perla L and Livin Perla L Favela Revocable
Bought by
Tran Steven Phung
Seller's Agent
Devlin Duarte
Real Consultants
Buyer's Agent
Richard Carlos
ROA California Inc
List Price
$555,000
Sold Price
$520,000
Premium/Discount to List
-$35,000
-6.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Outstanding Balance
$258,845
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$605,059

Purchase Details

Closed on
Jul 1, 2009
Sold by
Favela Perla L
Bought by
Favela Perla L and The Perla L Favela Revocable L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2007
Sold by
Favela Perla L
Bought by
Livin Favela Perla L and Livin Perla L Favela Revocable

Purchase Details

Closed on
May 26, 2004
Sold by
Favela Luis F
Bought by
Favela Perla L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.92%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 16, 1995
Sold by
Marron Juliana and Juliana Marron Trust
Bought by
Favela Luis F and Favela Perla L

Purchase Details

Closed on
Oct 20, 1994
Sold by
Marron Juliana and Juliana Marron Trust
Bought by
Marron Juliana and Favela Luis F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
8.9%

Purchase Details

Closed on
Jun 15, 1994
Sold by
Marron Juliana
Bought by
Marron Juliana

Purchase Details

Closed on
May 5, 1994
Sold by
Marron Juliana
Bought by
Marron Juliana

Purchase Details

Closed on
Oct 26, 1993
Sold by
Marron Juliana
Bought by
The Juliana Marron Revocable Living Trus
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tran Steven Phung -- Ticor Title Company Of Ca
Tran Steven Phung $520,000 Ticor Title Company Of Ca
Favela Perla L -- Accommodation
Favela Perla L -- Pacific Coast Title Company
Livin Favela Perla L -- None Available
Favela Perla L -- None Available
Favela Perla L -- Old Republic Title Company
Favela Perla L -- Old Republic Title Company
Favela Luis F -- --
Marron Juliana -- Southland Title Corporation
Marron Juliana -- --
Marron Juliana -- --
Marron Juliana -- --
Marron Juliana -- --
The Juliana Marron Revocable Living Trus -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran Steven Phung $312,000
Previous Owner Favela Perla L $165,000
Previous Owner Favela Perla L $120,000
Previous Owner Marron Juliana $57,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2017 04/13/17 Sold $520,000 -6.3% $257 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
02/22/2017 02/22/17 For Sale $555,000 -- $275 / 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 $8,192 $603,499 $362,100 $241,399
2024 $8,192 $591,666 $355,000 $236,666
2023 $8,033 $580,066 $348,040 $232,026
2022 $7,770 $568,693 $341,216 $227,477
2021 $7,515 $557,543 $334,526 $223,017
2020 $7,462 $551,827 $331,096 $220,731
2019 $7,240 $541,007 $324,604 $216,403
2018 $7,325 $530,400 $318,240 $212,160
2016 $2,617 $138,891 $22,343 $116,548
2015 $2,504 $136,806 $22,008 $114,798
2014 $2,489 $134,127 $21,577 $112,550
Source: Public Records

Agents Affiliated with this Home

  • Devlin Duarte

    Seller's Agent in 2017

    Devlin Duarte

    Real Consultants

    (562) 321-3854

    25 Total Sales

    Devlin Duarte
    Section Image
  • Richard Carlos

    Buyer's Agent in 2017

    Richard Carlos

    ROA California Inc

    (562) 455-5488

    1 in this area

    55 Total Sales

    Richard Carlos
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17036927

California Regional Multiple Listing Service (CRMLS)

APN: 5246-018-035

California Los Angeles County Los Angeles 90022

1255 S Kern Ave, Los Angeles, CA

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