NOT LISTED FOR SALE

Estimated Value: $1,095,630 - $1,640,000

4 Beds
4 Baths
4,560 Sq Ft
$299/Sq Ft Est. Value

Last Sold March 23, 2012

Last sale price $530,000 $116 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $7,872/month

656 Days on Market

Highlights

  • Wood Flooring
  • Bungalow
  • No Heating

About This Home

As of March 2012

Lovely 4-plex located in prestigious Angeleno Heights area of Echo Park. Close proximity to the historic Carroll Street Victorian Homes and across the street from Famous Bob's Market. This 4-plex has been recently remodeled and features 4 mirror image units with roughly over 1,000 square feet each. All entry points are at ground level, but 2 of the units are upstairs. Aged wood floors throughout all units, plenty of closet space, and a parking lot at the rear of the building. Building also features a large communal patio with fruit trees, and each unit has rear access to their home. Building has separate electric and gas meters, and each unit has an individual address. Property has Downtown skyline views, and easy access to shops and freeways. Hurry this gem won't last!

Last Agent to Sell the Property

Kristian Ticas

Kristian Ticas, Broker License #01377358 Listed on: 05/27/2010

Kristian Ticas, Broker

Last Buyer's Agent

Anita Rich

Anita Rich, Inc. License #00782527

Anita Rich, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 7,492 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Bungalow
  • Pre-Cast Concrete Construction

Interior Spaces

  • 4,560 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 6 / 9
  • Tax Tract Number 1976
  • Assessor Parcel Number 5405024007

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Water Sewer Expense $2,700
  • Gross Income $2,863
  • Net Operating Income $2,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

7,492 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 0.52
  • View: No
  • Water Sewer Expenses: 2700.00
  • Zoning: LAR D2
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5405024007
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 116.23

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Concrete

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7492.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 1000
  • Gross Income: 2863.00
  • Gross Multiplier: 12.38
  • Gross Scheduled Income: 43200.00
  • Lot Size Area: 7492.0000 Square Feet
  • Net Operating Income: 2800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Patio: 1
  • Operating Expense: 800.00

Tax Info

  • Tax Area: 13
  • Tax Block: 9
  • Tax Lot: 6
  • Tax Tract Number: 1976

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2010
Closed on
Feb 9, 2012
Sold by
Carranza Benjamin
Bought by
Schwartz David J and Schwartz Denise C
Seller's Agent
Kristian Ticas
Kristian Ticas, Broker
Buyer's Agent
Anita Rich
Anita Rich, Inc.
List Price
$549,000
Sold Price
$530,000
Premium/Discount to List
-$19,000
-3.46%
Current Estimated Value
$1,363,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$833,158
Avg. Annual Appreciation
6.98%
Original Mortgage
$397,500
Outstanding Balance
$270,683
Interest Rate
3.84%
Mortgage Type
New Conventional
Estimated Equity
$1,092,475

Purchase Details

Closed on
Oct 9, 2008
Sold by
Carranza Marlene Abigail
Bought by
Carranza Benjamin

Purchase Details

Closed on
Jul 23, 2001
Sold by
Rivera Marline A
Bought by
Carranza Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,290
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2000
Sold by
Rivera Hector R
Bought by
Carranza Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,874
Interest Rate
8.53%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 8, 2000
Sold by
Rivera Haydee
Bought by
Rivera Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,874
Interest Rate
8.53%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 3, 2000
Sold by
Aames Capital Corp
Bought by
Rivera Hector R

Purchase Details

Closed on
Oct 27, 1999
Sold by
Johnson Debra E
Bought by
Aames Capital Corp

Purchase Details

Closed on
Oct 7, 1998
Sold by
Hason Bellevue Trust
Bought by
Hanson Bellvue Trust

Purchase Details

Closed on
Feb 5, 1998
Sold by
Johnson Debra E
Bought by
Hason Bellevue Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.95%
Mortgage Type
Assumption

Purchase Details

Closed on
Jan 22, 1998
Sold by
Aids Awareness Action Production Inc
Bought by
Johnson Debra E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.95%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schwartz David J $530,000 Ticor Title
Carranza Benjamin -- None Available
Carranza Benjamin -- Stewart Title
Carranza Benjamin -- Stewart Title
Carranza Benjamin $260,000 Old Republic Title
Rivera Hector -- Old Republic Title
Rivera Hector R $176,000 Old Republic Title Company
Aames Capital Corp $175,256 Orange Coast Title
Hanson Bellvue Trust -- --
Hason Bellevue Trust -- --
Johnson Debra E $270,000 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwartz David J $397,500
Previous Owner Carranza Benjamin $268,290
Previous Owner Carranza Benjamin $257,874
Previous Owner Johnson Debra E $216,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2012 03/23/12 Sold $530,000 -3.5% $116 / Sq Ft
03/13/2012 03/13/12 Pending -- -- --
05/27/2010 05/27/10 For Sale $549,000 -- $120 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,429 $665,699 $399,421 $266,278
2024 $8,429 $652,647 $391,590 $261,057
2023 $8,274 $639,851 $383,912 $255,939
2022 $7,901 $627,306 $376,385 $250,921
2021 $7,783 $615,006 $369,005 $246,001
2020 $7,854 $608,701 $365,222 $243,479
2019 $7,557 $596,766 $358,061 $238,705
2018 $7,450 $585,066 $351,041 $234,025
2016 $7,082 $562,349 $337,410 $224,939
2015 $6,983 $553,903 $332,342 $221,561
2014 $7,029 $543,053 $325,832 $217,221
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S619665

California Regional Multiple Listing Service (CRMLS)

APN: 5405-024-007

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