NOT LISTED FOR SALE

1264 S Kern Ave Los Angeles, CA 90022

Estimated Value: $801,000 - $1,040,214

5 Beds
4 Baths
2,260 Sq Ft
$413/Sq Ft Est. Value

Last Sold September 03, 2022

Last sale price $820,000 $363 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,997/month

9 Days on Market

Highlights

  • RV Access or Parking
  • Wood Flooring
  • Crown Molding
  • Gated Parking
  • No HOA
  • Laundry Room

About This Home

As of September 2022

We are pleased to present a 2-unit property located blocks from Whittier Blvd in the Heart of East Los Angeles. Great location with tremendous upside potential! This duplex is in a highly desirable neighborhood and is located within walking distance of local schools, shopping, restaurants, and public transportation. This is a rare opportunity to find a newer home out back while possibly renting the front unit to offset your monthly mortgage. This excellent investment property unit mix is comprised of (2) 2-bed room 3 baths in the back house. The front house consists of a 3-bedroom and 1 bath. All units are separately metered for both, gas and electric. The units have a combined square footage of 2,260 and sit on a 6,448 square foot lot. Buyers to satisfy themselves with all aspects of the property including but not limited to square footage, lot size, use code, permits, etc.

Last Agent to Sell the Property

Richard Reyes

The R.R. Network License #01847699 Listed on: 06/17/2022

Last Buyer's Agent

Richard Reyes

The R.R. Network License #01847699 Listed on: 06/17/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,897

Year Built

  • Built in 1924

Lot Details

  • 6,448 Sq Ft Lot
  • No Common Walls
  • Security Fence
  • Rectangular Lot
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Gated Parking
  • RV Access or Parking

Interior Spaces

  • 2,260 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Laundry Room

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 24 / H
  • Tax Tract Number 7366
  • Assessor Parcel Number 5246023020
  • $1,141 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,200
  • Fuel Expense $1,200
  • Insurance Expense $1,020
  • Trash Expense $384
  • Water Sewer Expense $1,680
  • Operating Expense $5,484
  • Gross Income $10,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,897

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 399944
  • Property Attached: No
  • Water Sewer Expenses: 1680.00
  • Zoning: LCR4YY
  • Property Type: Residential Income
  • Parcel Number: 5246023020
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Crown Molding
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Levels: One
  • Price Per Square Foot: 362.83

Exterior Features

  • Fence: Yes
  • Fencing: Security
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage, Garage Faces Rear, Gated, Private, RV Access/Parking, RV Potential
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Unknown
  • Trash Expense: 384.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Rectangular Lot
  • Lot Size Sq Ft: 6448.00
  • Lot Size Acres: 0.1480

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 1200.00
  • Gross Income: 10800.00
  • Gross Operating Income: 10800.00
  • Gross Scheduled Income: 10800.00
  • Insurance Expense: 1020.00
  • Lot Size Area: 6448.0000 Square Feet
  • 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: 946.00
  • Rent Control: Yes
  • Total Expenses: 5484.00

Tax Info

  • Tax Block: H
  • Tax Census Tract: 5316.02
  • Tax Lot: 24
  • Tax Tract Number: 7366
  • TaxOtherAnnualAssessmentAmount: 1141.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Jul 14, 2022
Sold by
Soledad Fernandez Carmen
Bought by
Hernandez Jesus and Sandoval Ana M
Seller's Agent
Richard Reyes
The R.R. Network
Buyer's Agent
Richard Reyes
The R.R. Network
List Price
$799,888
Sold Price
$820,000
Premium/Discount to List
$20,112
2.51%
Views
5
Current Estimated Value
$934,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,054
Avg. Annual Appreciation
4.15%
Original Mortgage
$805,147
Interest Rate
5.54%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 22, 2016
Sold by
Fernadez Carmen Soledad and Fernandez Myrna Irene
Bought by
Fernandez Carmen Soledad and Fernandez Myrna Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
3.58%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 22, 2009
Sold by
Vega Anthony Amador and Vega Maria Felix
Bought by
Fernandez Carmen Soledad and Fernandez Myrna Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,207
Interest Rate
5%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 19, 2000
Sold by
Bernal Joe and Bernal Elinor R
Bought by
Vega Anthony Amador and Vega Maria Felix

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.96%
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
Hernandez Jesus $820,000 New Title Company Name
Fernandez Carmen Soledad -- California Members Title Ins
Fernandez Myrna Irene -- California Members Title Ins
Fernandez Carmen Soledad -- California Members Title Ins
Fernandez Carmen Soledad $375,000 Fatcola
Vega Anthony Amador $110,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Jesus $805,147
Previous Owner Fernandez Carmen Soledad $343,000
Previous Owner Fernandez Carmen Soledad $30,000
Previous Owner Fernandez Carmen Soledad $339,500
Previous Owner Fernandez Carmen Soledad $368,207
Previous Owner Vega Anthony Amador $125,000
Previous Owner Vega Anthony A $93,000
Previous Owner Vega Maria Felix $160,000
Previous Owner Vega Anthony Amador $90,000
Previous Owner Vega Anthony Amador $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2022 09/03/22 Sold $820,000 +2.5% $363 / Sq Ft
06/26/2022 06/26/22 For Sale $799,888 -2.5% $354 / Sq Ft
06/22/2022 06/22/22 Off Market $820,000 -- --
06/17/2022 06/17/22 For Sale $799,888 -- $354 / 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 $10,897 $853,128 $520,200 $332,928
2024 $10,897 $836,400 $510,000 $326,400
2023 $10,827 $820,000 $500,000 $320,000
2022 $6,439 $456,126 $228,063 $228,063
2021 $6,228 $447,184 $223,592 $223,592
2020 $6,184 $442,600 $221,300 $221,300
2019 $6,005 $433,922 $216,961 $216,961
2018 $6,092 $425,414 $212,707 $212,707
2016 $5,832 $408,898 $204,449 $204,449
2015 $5,511 $402,756 $201,378 $201,378
2014 $5,450 $394,868 $197,434 $197,434
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22124502

California Regional Multiple Listing Service (CRMLS)

APN: 5246-023-020