NOT LISTED FOR SALE

1264 E 87th St Los Angeles, CA 90002

Estimated Value: $518,000 - $687,118

2 Beds
1 Bath
1,532 Sq Ft
$383/Sq Ft Est. Value

Last Sold November 13, 2023

Last sale price $475,000 $310 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,800/month

53 Days on Market

Highlights

  • No HOA
  • Back Yard
  • 1-Story Property
  • Laundry Room

About This Home

As of November 2023

Probate sale, no court confirmation required. Two separate 2-bedroom and one-bath homes with a large yard separating both units. The front unit is in very good condition. The second bedroom has its own private access from the exterior. Separate laundry area. The rear home will require repairs. option. Recommended financing is a 203k loan or investor financing.

Last Agent to Sell the Property

Frank Lopez

Century 21 Masters License #01041630 Listed on: 09/15/2023

Century 21 Masters

Last Buyer's Agent

Frank Lopez

Century 21 Masters License #01041630 Listed on: 09/15/2023

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,026

Year Built

  • Built in 1948

Lot Details

  • 4,961 Sq Ft Lot
  • No Common Walls
  • Back Yard

Home Design

  • Duplex

Interior Spaces

  • 1,532 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 70
  • Tax Tract Number 7421
  • Assessor Parcel Number 6043015002

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Operating Expense $900
  • Gross Income $4,700
  • Net Operating Income $4,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,026

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Price Per Unit: 270000
  • Property Attached: No
  • Zoning: LCR2*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6043015002
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 310.05

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 4961.00
  • Lot Size Acres: 0.1139

Rental Info

  • Tenant Pays: None

Multi Family

  • Average2 Bed Area: 766 Square Feet
  • Gross Income: 4700.00
  • Gross Scheduled Income: 4700.00
  • Insurance Expense: 900.00
  • Lot Size Area: 4961.0000 Square Feet
  • Net Operating Income: 4700.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 900.00

Tax Info

  • Tax Census Tract: 5351.02
  • Tax Lot: 70
  • Tax Tract Number: 7421

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2023
Closed on
Oct 20, 2023
Sold by
Howard Gwendolyn
Bought by
Ricardo Torres Living Trust and Torres
Seller's Agent
Frank Lopez
Century 21 Masters
Buyer's Agent
Frank Lopez
Century 21 Masters
List Price
$540,000
Sold Price
$475,000
Premium/Discount to List
-$65,000
-12.04%
Views
112
Current Estimated Value
$587,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,030
Avg. Annual Appreciation
12.86%
Original Mortgage
$356,250
Outstanding Balance
$350,118
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$236,912
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
Ricardo Torres Living Trust $475,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ricardo Torres Living Trust $356,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2023 11/13/23 Sold $475,000 -12.0% $310 / Sq Ft
11/07/2023 11/07/23 Pending -- -- --
09/15/2023 09/15/23 For Sale $540,000 -- $352 / 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 $7,026 $484,500 $357,000 $127,500
2024 $7,026 $475,000 $350,000 $125,000
2023 $1,581 $48,225 $13,873 $34,352
2022 $1,542 $47,280 $13,601 $33,679
2021 $1,518 $46,354 $13,335 $33,019
2020 $1,517 $45,880 $13,199 $32,681
2019 $1,488 $44,982 $12,941 $32,041
2018 $1,403 $44,101 $12,688 $31,413
2016 $1,338 $42,392 $12,197 $30,195
2015 $1,323 $41,756 $12,014 $29,742
2014 $1,330 $40,939 $11,779 $29,160
Source: Public Records

Agents Affiliated with this Home

  • Frank Lopez

    Seller's Agent in 2023

    Frank Lopez

    Century 21 Masters

    (626) 289-1111

    1 in this area

    29 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23172791

California Regional Multiple Listing Service (CRMLS)

APN: 6043-015-002

California Los Angeles County Los Angeles 90002

1264 E 87th St, Los Angeles, CA

This home is located at 1264 E 87th St, Los Angeles, CA 90002 since 15 September 2023 and is currently estimated at $587,030, approximately $383 per square foot. This property was built in 1948. 1264 E 87th St is a home located in Los Angeles County with nearby schools including Russell Elementary School, Charles Drew Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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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