NOT LISTED FOR SALE

Estimated Value: $1,361,000 - $3,305,000

6 Beds
4 Baths
2,961 Sq Ft
$672/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $1,200,000 $405 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $12,216/month

220 Days on Market

Highlights

  • Laundry Room
  • Fenced
  • Front Yard

About This Home

As of September 2020

This home is located at 1280 W 37th Place, Los Angeles, CA 90007 since 15 January 2020 and is currently estimated at $1,990,842, approximately $672 per square foot. This property was built in 1904. 1280 W 37th Place is a home located in Los Angeles County with nearby schools including Lenicia B. Weemes Elementary School, Manual Arts Senior High School, and Stem Preparatory Academy.

Last Agent to Sell the Property

Reyna Sanchez

America 1st Realty & Inv. License #01345700 Listed on: 01/15/2020

Co-Listed By

Judith Gallardo

America 1st Realty & Inv. License #01274340

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,789

Year Built

  • Built in 1904

Lot Details

  • 6,600 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Fence is in fair condition
  • Front Yard

Parking

  • 5 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 2,961 Sq Ft Home
  • Shingle Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 5
  • Tax Tract Number 2226
  • Assessor Parcel Number 5040014005

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,789

Year Built

Built in 1904

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Other Phone Description: 7143107757
  • Other Phone Number: 5629048999
  • Property Attached: No
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5040014005
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 405.27

Exterior Features

  • Fence: Yes
  • Fencing: Fair Condition
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Septic Type Unknown
  • Water Source: Other

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6600.00
  • Lot Size Acres: 0.1515

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Insurance Expense: 1092.00
  • Lot Size Area: 6600.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 2226.00
  • Tax Lot: 5
  • Tax Tract Number: 2226

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2020
Closed on
Sep 1, 2020
Sold by
Olivares Heriberto and Olivares Maria
Bought by
1280 37Th Pl Llc
Seller's Agent
Reyna Sanchez
America 1st Realty & Inv.
List Price
$1,450,000
Sold Price
$1,200,000
Premium/Discount to List
-$250,000
-17.24%
Current Estimated Value
$1,990,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$790,842
Avg. Annual Appreciation
10.95%
Original Mortgage
$650,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2014
Sold by
Olivares Heriberto
Bought by
Olivares Family Trust

Purchase Details

Closed on
Jan 8, 2003
Sold by
Olivares Heriberto and Olivares Maria Teresa
Bought by
Olivares Heriberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
7.37%

Purchase Details

Closed on
Feb 14, 1997
Sold by
Alfaro Hugo
Bought by
Olivarez Heriberto

Purchase Details

Closed on
Oct 17, 1996
Sold by
Alfaro Maria
Bought by
Alfaro Hugo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.67%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 4, 1996
Sold by
Canas Eduardo
Bought by
Alfaro Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.67%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 1, 1996
Sold by
American Svgs Bank Fa
Bought by
Alfaro Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.67%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 11, 1995
Sold by
Berumen Alejandro and Berumen Rita
Bought by
American Svgs Bank Fa
Source: Public Records

Range of Values:

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Average Value
Not Available
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
1280 37Th Pl Llc $1,200,000 Lawyers Title
Olivares Family Trust -- None Available
Olivares Heriberto -- --
Olivarez Heriberto -- --
Alfaro Hugo $153,000 First American
Alfaro Maria -- Investors Title Company
Alfaro Maria $95,000 Investors Title Company
American Svgs Bank Fa $130,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1280 37Th Pl Llc $3,800,000
Closed 1280 37Th Pl Llc $2,150,000
Closed 1280 37Th Pl Llc $650,000
Previous Owner Olivares Heriberto $50,000
Previous Owner Olivares Heriberto $324,000
Previous Owner Olivares Heriberto M $134,600
Previous Owner Olivares Heriberto $351,400
Previous Owner Olivares Heriberto $229,000
Previous Owner Olivares Heriberto $171,000
Previous Owner Olivares Heriberto $151,750
Previous Owner Alfaro Hugo $150,000
Previous Owner Alfaro Maria $95,000
Closed Alfaro Maria $15,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2020 09/25/20 Sold $1,200,000 -17.2% $405 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
04/01/2020 04/01/20 For Sale $1,450,000 +20.8% $490 / Sq Ft
03/27/2020 03/27/20 Off Market $1,200,000 -- --
01/15/2020 01/15/20 For Sale $1,450,000 -- $490 / 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 $15,789 $3,637,777 $1,298,917 $2,338,860
2024 $15,789 $1,273,449 $1,273,449 --
2023 $15,489 $1,248,480 $1,248,480 $0
2022 $14,778 $1,224,000 $1,224,000 $0
2021 $14,590 $1,200,000 $1,200,000 $0
2020 $4,373 $331,122 $136,170 $194,952
2019 $4,214 $324,630 $133,500 $191,130
2018 $4,089 $318,266 $130,883 $187,383
2016 $3,884 $305,908 $125,801 $180,107
2015 $3,830 $301,314 $123,912 $177,402
2014 $3,862 $295,412 $121,485 $173,927
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20011702

California Regional Multiple Listing Service (CRMLS)

APN: 5040-014-005