NOT LISTED FOR SALE

126 1/2 E Avenue 32 Los Angeles, CA 90031

Lincoln Heights Neighborhood

Estimated Value: $963,000 - $1,212,000

4 Beds
3 Baths
2,204 Sq Ft
$485/Sq Ft Est. Value

Last Sold January 11, 2019

Last sale price $725,000 $329 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,607/month

39 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Property is near public transit
  • Cottage
  • Abraham Lincoln High School Rated A
  • No HOA
  • Den

About This Home

As of January 2019

126 1/2 E Ave 32 is a multi-family home in Los Angeles, CA 90031. This 2,204 square foot multi-family home sits on a 8,986 square foot lot and features a main house with 2 bedrooms, 1 bonus room and 1 bathroom. In addition to two detached rental units, with 1 bedroom, 3/4 bath, kitchen and living room. This historic multi unit home was built in 1905. Tenants in back house are moving out prior to the close of escrow. Owner would prefer one month rent back after coe. Nearby schools include Los Angeles Leadership Academy, Los Angeles Leadership Primary Academy and Hillside Elementary School. Walking distance to stores, restaurants and public transportation. Property is also near 110, 5, 10 and 2 freeways, Heritage Square, Confluence Park and River Garden Park.

Last Agent to Sell the Property

Aline Cosgrove

Cosgrove Realty License #00458770 Listed on: 11/02/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,147

Year Built

  • Built in 1905

Lot Details

  • 8,986 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Fence is in average condition
  • Level Lot
  • No Sprinklers
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Detached Carport Space
  • Parking Available
  • Driveway
  • Automatic Gate

Home Design

  • Triplex
  • Cottage
  • Fixer Upper
  • Raised Foundation
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,204 Sq Ft Home
  • Drapes & Rods
  • Wood Frame Window
  • Living Room
  • Den
  • Carpet
  • Basement

Kitchen

  • Ceramic Countertops
  • Formica Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • Converted Bedroom
  • Jack-and-Jill Bathroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Accessible Home Design

  • Grab Bar In Bathroom
  • No Interior Steps
  • More Than Two Accessible Exits
  • Accessible Parking

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas
  • Tax Lot 17
  • Tax Tract Number 1994
  • Assessor Parcel Number 5206002023

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Cable TV Expense $2,520
  • Electric Expense $6,000
  • Fuel Expense $600
  • Gardener Expense $480
  • Insurance Expense $1,452
  • New Taxes Expense $7,500
  • Operating Expense $18,552
  • Gross Income $2,400
  • Net Operating Income $5,448

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,147

Year Built

Built in 1905

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Detached shed is included
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Automatic Gate
  • View: No
  • Zoning: LARD2
  • Architectural Style: Cottage
  • Property Condition: Fixer
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 5206002023
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters, Copper Plumbing Partial, Formica Counters, Tile Counters, Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Accessibility Features: 2+ Access Exits, Grab Bars In Bathroom(s), No Interior Steps, Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 328.95
  • Room Type: All Bedrooms Down, Basement, Converted Bedroom, Den, Jack & Jill, Kitchen, Laundry, Living Room
  • Window Features: Drapes, Wood Frames

Exterior Features

  • Foundation: Raised
  • Other Structures: Storage
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Detached Carport, Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Electric: Standard
  • Heating Type: Central, Forced Air, Natural Gas
  • Laundry Features: Common Area, Community, Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Lot 6500-9999, Level, Near Public Transit, Sprinklers None
  • Lot Size Sq Ft: 8986.00
  • Lot Size Acres: 0.2063

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1080 Square Feet
  • Cable TV Expense: 2520.00
  • Electric Expense: 6000.00
  • Fuel Expense: 600.00
  • Gross Income: 2400.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 1452.00
  • Lot Size Area: 8986.0000 Square Feet
  • Net Operating Income: 5448.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Number Wall A C: 2
  • Operating Expense: 18552.00
  • Rent Control: Yes
  • Total Expenses: 18552.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Census Tract: 1994.00
  • Tax Lot: 17
  • Tax Tract Number: 1994

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2018
Closed on
Jan 25, 2019
Sold by
Choi Rowena W and Barragan Eva
Bought by
Eiges David Michael
Seller's Agent
Aline Cosgrove
Cosgrove Realty
List Price
$749,950
Sold Price
$725,000
Premium/Discount to List
-$24,950
-3.33%
Current Estimated Value
$1,057,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,406
Avg. Annual Appreciation
6.06%
Original Mortgage
$688,750
Outstanding Balance
$606,749
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$462,944

Purchase Details

Closed on
Mar 21, 2018
Sold by
Choi Rowena W and Margo Lee Choy Living Trust
Bought by
Choi Rowena W and Barragan Eva W

Purchase Details

Closed on
Oct 30, 2017
Sold by
Choy Margo Lee
Bought by
The Margo Lee Choy Living Trust

Purchase Details

Closed on
May 10, 2004
Sold by
Choy Margo Lee
Bought by
Choy Margo Lee and Choi Rowena W
Source: Public Records

Range of Values:

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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
Eiges David Michael $725,000 Stewart Title Of California
Choi Rowena W -- None Available
Choi Rowena W -- None Available
The Margo Lee Choy Living Trust -- None Available
Choy Margo Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eiges David Michael $688,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2019 01/11/19 Sold $725,000 -3.3% $329 / Sq Ft
12/11/2018 12/11/18 Pending -- -- --
11/02/2018 11/02/18 For Sale $749,950 -- $340 / 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 $10,147 $817,166 $563,334 $253,832
2024 $10,147 $801,144 $552,289 $248,855
2023 $9,956 $785,436 $541,460 $243,976
2022 $9,504 $770,037 $530,844 $239,193
2021 $9,386 $754,939 $520,436 $234,503
2020 $9,395 $739,500 $515,100 $224,400
2019 $5,549 $428,276 $313,326 $114,950
2018 $5,390 $419,880 $307,183 $112,697
2017 $1,342 $88,920 $51,344 $37,576
2016 $1,287 $87,178 $50,338 $36,840
2015 $1,272 $85,869 $49,582 $36,287
2014 $1,297 $84,188 $48,611 $35,577
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Aline Cosgrove

    Cosgrove Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18263103

California Regional Multiple Listing Service (CRMLS)

APN: 5206-002-023

California Los Angeles County Los Angeles 90031 Lincoln Heights

126 1/2 E Avenue 32, Los Angeles, CA

This home is located at 126 1/2 E Avenue 32, Los Angeles, CA 90031 since 02 November 2018 and is currently estimated at $1,069,693, approximately $485 per square foot. This property was built in 1905. 126 1/2 E Avenue 32 is a home located in Los Angeles County with nearby schools including Hillside Elementary, Florence Nightingale Middle, and Abraham Lincoln 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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