NOT LISTED FOR SALE

1259 E 87th Place Los Angeles, CA 90002

Estimated Value: $592,000 - $769,000

2 Beds
1 Bath
1,670 Sq Ft
$404/Sq Ft Est. Value

Last Sold February 17, 2017

Last sale price $395,000 $237 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,137/month

1 Day on Market

Highlights

  • Spanish Architecture
  • Two Homes on a Lot
  • Accessible Parking
  • No HOA
  • Laundry Room
  • 2 Detached Carport Spaces

About This Home

As of February 2017

Property conveniently located near freeways, schools, and shopping. Live in one rent the other and reduce your monthly payment or continue renting both in a No Rent Control section of Los Angeles. Physically each unit consists of 3 bedrooms 1 bath, per title 2 bedroom 1 bath, HUGE Potential for CASH FLOW!!!

Last Agent to Sell the Property

Mario Zavala

Century 21 Allstars License #01432869 Listed on: 11/17/2016

Century 21 Allstars

Last Buyer's Agent

Juan Sanchez Jr

Century 21 Allstars License #01213825

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,603

Year Built

  • Built in 1927

Lot Details

  • 5,120 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Wrought Iron Fence
  • Level Lot
  • Back and Front Yard

Home Design

  • Duplex
  • Spanish Architecture
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,670 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Detached Carport Spaces
  • Parking Available
  • Driveway
  • Paved Parking
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Water Heater
  • Satellite Dish

Additional Features

  • Accessible Parking
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 133
  • Tax Tract Number 7421
  • Assessor Parcel Number 6043015033

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,680
  • Insurance Expense $1,680
  • Trash Expense $53
  • Water Sewer Expense $53
  • New Taxes Expense $4,047
  • Operating Expense $8,473
  • Gross Income $22,967
  • Net Operating Income $22,967

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,603

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 53.00
  • Zoning: LCR2*
  • Architectural Style: Spanish
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6043015033
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 236.53
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: South
  • Foundation: Raised, Slab
  • Other Structures: Two On A Lot
  • Exterior Features: Rain Gutters, Satellite Dish
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned, Detached Carport, Driveway, Concrete
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 53.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level with Street
  • Lot Size Sq Ft: 5120.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1680.00
  • Gross Income: 22967.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 1680.00
  • Net Operating Income: 22967.00
  • 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
  • Operating Expense: 5833.00
  • Rent Control: No
  • Total Actual Rent: 2400.00
  • Total Expenses: 8473.00

Tax Info

  • New Taxes Expense: 4047.00
  • Tax Census Tract: 5351.02
  • Tax Lot: 133
  • Tax Tract Number: 7421

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2016
Closed on
Jan 3, 2017
Sold by
Gulzar Mario
Bought by
Rodriguez Arredondo Rafael and Rodriguez Sanchez Galdina
Seller's Agent
Mario Zavala
Century 21 Allstars
Buyer's Agent
Juan Sanchez Jr
Century 21 Allstars
List Price
$380,000
Sold Price
$395,000
Premium/Discount to List
$15,000
3.95%
Current Estimated Value
$655,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,246
Avg. Annual Appreciation
6.52%
Original Mortgage
$387,845
Outstanding Balance
$328,682
Interest Rate
4.99%
Mortgage Type
FHA
Estimated Equity
$346,624

Purchase Details

Listed on
Feb 14, 2013
Closed on
Aug 16, 2013
Sold by
Chavez Lorenzo
Bought by
Chavez Mario
Seller's Agent
Mario Zavala
Century 21 Allstars
Buyer's Agent
Alvaro Santillan
Century 21 Allstars
List Price
$170,000
Sold Price
$200,000
Premium/Discount to List
$30,000
17.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.09%
Original Mortgage
$196,377
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 14, 2013
Closed on
Aug 15, 2013
Sold by
Chavez Mario
Bought by
Guizar Mario
Seller's Agent
Mario Zavala
Century 21 Allstars
Buyer's Agent
Alvaro Santillan
Century 21 Allstars
List Price
$170,000
Sold Price
$200,000
Premium/Discount to List
$30,000
17.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,377
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 27, 2005
Sold by
Chavez Rosa M
Bought by
Chavez Lorenzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2002
Sold by
Chavez Hilda
Bought by
Chavez Luis and Chavez Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2002
Sold by
Chavez Luis and Chavez Mario
Bought by
Chavez Luis and Chavez Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 1995
Sold by
Chaves Maria Luisa
Bought by
Chaves Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,385
Interest Rate
7.61%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 14, 1995
Sold by
Guizar Juan Manuel and Guizar Ramon
Bought by
Chaves Luis and Chaves Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,385
Interest Rate
7.61%
Mortgage Type
FHA
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
Rodriguez Arredondo Rafael $395,000 Lawyers Title
Chavez Mario -- Title365
Guizar Mario $200,000 Title365
Chavez Lorenzo -- Gateway Title Company
Chavez Mario -- Gateway Title Company
Chavez Mario -- Gateway Title Company
Chavez Luis -- Chicago Title Co
Chavez Luis -- Chicago Title Co
Chaves Luis -- Chicago Title Co
Chaves Luis $135,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Arredondo Rafael $387,845
Previous Owner Guizar Mario $231,000
Previous Owner Guizar Mario $200,000
Previous Owner Guizar Mario $196,377
Previous Owner Chavez Mario $416,000
Previous Owner Chavez Mario $386,250
Previous Owner Chavez Luis $196,000
Previous Owner Chavez Luis $161,000
Previous Owner Chavez Luis $161,000
Previous Owner Chavez Luis $131,605
Previous Owner Chavez Luis $132,055
Previous Owner Chaves Luis $133,385
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2017 02/17/17 Sold $395,000 +3.9% $237 / Sq Ft
11/17/2016 11/17/16 For Sale $380,000 +90.0% $228 / Sq Ft
09/20/2013 09/20/13 Sold $200,000 +17.6% $120 / Sq Ft
09/20/2013 09/20/13 Pending -- -- --
02/14/2013 02/14/13 For Sale $170,000 -- $102 / 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 $6,603 $458,423 $361,518 $96,905
2024 $6,603 $449,435 $354,430 $95,005
2023 $6,327 $440,624 $347,481 $93,143
2022 $6,046 $431,985 $340,668 $91,317
2021 $5,977 $423,516 $333,989 $89,527
2020 $6,018 $419,175 $330,565 $88,610
2019 $5,801 $410,957 $324,084 $86,873
2018 $5,703 $402,900 $317,730 $85,170
2016 $4,106 $271,309 $176,040 $95,269
2015 $4,047 $267,234 $173,396 $93,838
2014 $4,052 $262,000 $170,000 $92,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16750729

California Regional Multiple Listing Service (CRMLS)

APN: 6043-015-033