NOT LISTED FOR SALE

1265 E 87th St Los Angeles, CA 90002

Estimated Value: $639,000 - $840,000

4 Beds
2 Baths
1,137 Sq Ft
$636/Sq Ft Est. Value

Last Sold April 29, 2020

Last sale price $557,500 $490 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,704/month

24 Days on Market

About This Home

As of April 2020

~2 UNITS~ JUST LISTED! Your dream home is finally here! Live in one and rent the other, it cannot get any better than this! Both units will be delivered vacant at close of escrow to buyers, no need to deal with tenants so this opportunity won't last! call us now for a private showing! Property is in good condition and has recently been updated! Front unit has 2 bedrooms 1 bath and back unit has 2 bedrooms 1 bath, and a single storage. This property is excellent for first time buyers who are looking for the perfect investment! This income producing property is situated in a great location near schools, restaurants and shops!

Last Agent to Sell the Property

Amanda Estrada

Big Block Powerhouse Realty License #01911552 Listed on: 02/29/2020

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,324

Year Built

  • Built in 1940

Lot Details

  • 4,982 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Home Design

  • 1,137 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 67
  • Tax Tract Number 7421
  • Assessor Parcel Number 6043016037

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $678
  • Insurance Expense $580
  • Trash Expense $678
  • Water Sewer Expense $788
  • New Taxes Expense $6,145
  • Operating Expense $800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,324

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 788.00
  • Zoning: LCR2YY
  • Property Type: Residential Income
  • Parcel Number: 6043016037
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 490.33

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Sewer: Unknown
  • Trash Expense: 678.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 4982.00
  • Lot Size Acres: 0.1144

Multi Family

  • Electric Expense: 678.00
  • Insurance Expense: 580.00
  • Lot Size Area: 4982.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 800.00

Tax Info

  • New Taxes Expense: 6145.00
  • Tax Census Tract: 5351.02
  • Tax Lot: 67
  • Tax Tract Number: 7421

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2024
Sold by
Ponce Gustavo and Rojas Francis
Bought by
Ponce Gustavo and Rojas Francis
Current Estimated Value
$732,479

Purchase Details

Listed on
Feb 29, 2020
Closed on
Apr 23, 2020
Sold by
Rodas Danny and Ramirez Guadalupe
Bought by
Ponce Gustavo and Rojas Francis
Seller's Agent
Amanda Estrada
Big Block Powerhouse Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$599,000
Sold Price
$557,500
Premium/Discount to List
-$41,500
-6.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.49%
Original Mortgage
$535,968
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 19, 2017
Closed on
Nov 28, 2017
Sold by
Cardona Margarita M
Bought by
Rodas Danny and Ramirez Guadalupe
Seller's Agent
Amanda Estrada
Big Block Powerhouse Realty
Buyer's Agent
Amanda Estrada
Big Block Powerhouse Realty
List Price
$419,000
Sold Price
$435,000
Premium/Discount to List
$16,000
3.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.84%
Original Mortgage
$427,121
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 7, 2014
Sold by
Granadeno Carmen
Bought by
Cardona Margarita M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,747
Interest Rate
4.08%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 26, 2013
Sold by
Perez Jose Eric
Bought by
Granadeno Carmen Argelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.17%
Mortgage Type
Unknown

Purchase Details

Listed on
Jul 20, 2011
Closed on
Oct 10, 2012
Sold by
Avalos Luis Raul Barrales
Bought by
Perez Jose Eric
Seller's Agent
Carmen Granadeno
Nationwide Powerhouse Inc
Buyer's Agent
Francisco Granadeno
Big Block Powerhouse Realty
List Price
$210,000
Sold Price
$152,500
Premium/Discount to List
-$57,500
-27.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.68%
Original Mortgage
$143,000
Interest Rate
3.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 2005
Sold by
Barrales Petra
Bought by
Avalos Luis Raul Barrales

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2004
Sold by
Barrales Petra
Bought by
Barrales Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.77%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 29, 2004
Sold by
Ramirez Margarito and Vazquez Edgar
Bought by
Barrales Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.77%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 8, 2003
Sold by
Ramirez Margarito and Vazquez Edgar
Bought by
Ramirez Margarito and Vazquez Edgar

Purchase Details

Closed on
Sep 3, 2002
Sold by
Ramirez Maria Lidia
Bought by
Ramirez Margarito

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
7%

Purchase Details

Closed on
Aug 1, 2002
Sold by
Arellano Jose Alfredo and Arellano Elda K
Bought by
Ramirez Margarito and Vazquez Edgar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
7%

Purchase Details

Closed on
Apr 6, 2001
Sold by
Ortiz Matilde and Ortiz Luisa
Bought by
Ortiz Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,450
Interest Rate
7.09%

Purchase Details

Closed on
Feb 26, 2001
Sold by
Ortiz Investments
Bought by
Arellano Jose Alfredo and Arellano Elda Karina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,450
Interest Rate
7.09%

Purchase Details

Closed on
Nov 9, 2000
Sold by
Fremont Investment & Loan
Bought by
Ortiz Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
7.67%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 7, 2000
Sold by
Friday Dennis
Bought by
Fremont Investment & Loan

Purchase Details

Closed on
Mar 8, 2000
Sold by
Friday Dennis
Bought by
White Julius W

Purchase Details

Closed on
Apr 24, 1998
Sold by
White Julius W
Bought by
Friday Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,800
Interest Rate
7.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 8, 1996
Sold by
Price Barbara Ann
Bought by
White Julius W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.88%

Purchase Details

Closed on
Jul 11, 1995
Sold by
Reed Evelyn E
Bought by
Whitelll Julius W
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
Ponce Gustavo -- None Listed On Document
Ponce Gustavo $557,500 Lawyers Title Company
Rodas Danny $435,000 Lawyers Title Company
Cardona Margarita M $290,000 Pacific Coast Title Company
Granadeno Carmen Argelia -- None Available
Perez Jose Eric $153,000 Chicago Title Company
Avalos Luis Raul Barrales -- Fidelity National Title Comp
Barrales Luis -- Fidelity Long Beach
Barrales Luis -- Fidelity Long Beach
Ramirez Margarito -- --
Ramirez Margarito -- Southland Title
Ramirez Margarito $186,000 Southland Title
Ortiz Investments Inc -- Lawyers Title Company
Arellano Jose Alfredo $151,000 Lawyers Title Company
Ortiz Investments $70,000 Lawyers Title Company
Fremont Investment & Loan $130,000 Orange Coast Title
White Julius W $25,745 --
Friday Dennis $139,000 --
White Julius W -- Investors Title Company
Whitelll Julius W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ponce Gustavo $535,968
Previous Owner Rodas Danny $427,121
Previous Owner Cardona Margarita M $285,454
Previous Owner Cardona Margarita M $284,747
Previous Owner Granadeno Carmen Argelia $50,000
Previous Owner Perez Jose Eric $143,000
Previous Owner Avalos Luis Raul Barrales $400,000
Previous Owner Avalos Luis Raul Barrales $50,000
Previous Owner Avalos Luis Raul Barrales $350,000
Previous Owner Barrales Luis $76,000
Previous Owner Barrales Luis $240,000
Previous Owner Barrales Luis $195,000
Previous Owner Guizar Isaias $208,000
Previous Owner Ramirez Margarito $148,800
Previous Owner Arellano Jose Alfredo $146,450
Previous Owner Ortiz Matilde $56,000
Previous Owner Friday Dennis $20,800
Previous Owner Friday Dennis $118,150
Previous Owner White Julius W $60,000
Closed Friday Dennis $13,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2020 04/29/20 Sold $557,500 -6.9% $490 / Sq Ft
03/24/2020 03/24/20 Pending -- -- --
02/29/2020 02/29/20 For Sale $599,000 +37.7% $527 / Sq Ft
11/30/2017 11/30/17 Sold $435,000 +3.8% $333 / Sq Ft
10/24/2017 10/24/17 Pending -- -- --
10/19/2017 10/19/17 For Sale $419,000 +174.8% $320 / Sq Ft
10/29/2012 10/29/12 Sold $152,500 -27.4% $134 / Sq Ft
02/23/2012 02/23/12 Pending -- -- --
07/20/2011 07/20/11 For Sale $210,000 -- $185 / 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 $8,324 $609,703 $306,219 $303,484
2024 $8,324 $597,749 $300,215 $297,534
2023 $8,016 $586,029 $294,329 $291,700
2022 $7,646 $574,539 $288,558 $285,981
2021 $7,564 $563,274 $282,900 $280,374
2020 $6,380 $452,573 $334,280 $118,293
2019 $6,145 $443,700 $327,726 $115,974
2018 $6,047 $435,000 $321,300 $113,700
2017 $4,452 $300,309 $217,880 $82,429
2016 $4,353 $294,421 $213,608 $80,813
2015 $4,580 $290,000 $210,400 $79,600
2014 $4,194 $276,000 $150,000 $126,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20046626

California Regional Multiple Listing Service (CRMLS)

APN: 6043-016-037