NOT LISTED FOR SALE

Estimated Value: $800,000 - $982,470

5 Beds
3 Baths
1,954 Sq Ft
$456/Sq Ft Est. Value

Last Sold May 26, 2021

Last sale price $565,000 $289 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,378/month

1 Day on Market

Highlights

  • No HOA
  • Laundry Room
  • Back and Front Yard

About This Home

As of May 2021

GREAT INVESTOR OPPORTUNITY! This is an Investor Developer Dream!!! Triplex- Multi-Family home in Los Angeles, this property is a fixer property. This is a cash only sale. These 1,954 square foot multi-family home sits on a 7,488 square foot lot. Front structure offers 2 units 1 bedroom and 1 bathroom each. Rear unit has 3 bedrooms and 1 bathroom. Gated driveway with a detached garage and patio area in the back yard. Property records indicate two units but currently used as 3 units. Each unit has their own gas meter. Sellers have not lived on the property since 1990. Buyer’s to do their due diligence on zoning, living square feet, etc. This property is subject to LA City rent control. Property to be sold "AS IS” PRESENT CONDITION. DRIVE BY ONLY DO NOT DISTURB OCCUPANTS. Property is located close to Harbor freeway and just 9 miles from Downtown LA. Short distance to grocery stores and restaurants. Schools nearby include San Pedro Street Elementary School, Los Angeles Trade Technical College and Santee Education Complex.

Last Agent to Sell the Property

Daniel Avendano

Century 21 Allstars License #01333984 Listed on: 02/28/2021

Century 21 Allstars

Last Buyer's Agent

Daniel Avendano

Century 21 Allstars License #01333984 Listed on: 02/28/2021

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,624

Year Built

  • Built in 1893

Lot Details

  • 7,488 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Home Design

  • 1,954 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 49
  • Tax Tract Number 6
  • Assessor Parcel Number 5127034006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,000
  • Insurance Expense $1,800
  • Trash Expense $720
  • Water Sewer Expense $720
  • New Taxes Expense $3,500
  • Operating Expense $8,740
  • Gross Income $1,500
  • Net Operating Income $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,624

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 720.00
  • Zoning: LARD2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5127034006
  • Year Built: 1893
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 289.15

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 7488.00
  • Lot Size Acres: 0.1719

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 2000.00
  • Gross Income: 1500.00
  • Gross Scheduled Income: 2000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 7488.0000 Square Feet
  • Net Operating Income: 1500.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 500.00
  • Rent Control: Yes
  • Total Expenses: 8740.00

Tax Info

  • New Taxes Expense: 3500.00
  • Tax Census Tract: 2240.20
  • Tax Lot: 49
  • Tax Tract Number: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2021
Sold by
Ocon Adrian A and Posos Arturo
Bought by
Dutt Family Trust and Dutt
Current Estimated Value
$891,118

Purchase Details

Closed on
Jun 29, 2019
Sold by
Gudino Alejandro
Bought by
Ocon Adrian A and Posos Alejandra

Purchase Details

Closed on
May 2, 2005
Sold by
Gudino Alejandro A and Gudino Guadalupe
Bought by
Gudino Alejandro A
Source: Public Records

Range of Values:

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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
Dutt Family Trust $565,000 Stewart Title Of California In
Ocon Adrian A -- None Available
Gudino Alejandro A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2021 05/26/21 Sold $565,000 +2.7% $289 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/28/2021 02/28/21 For Sale $550,000 -- $281 / 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 $7,624 $611,573 $541,216 $70,357
2024 $7,624 $599,582 $530,604 $68,978
2023 $7,481 $587,826 $520,200 $67,626
2022 $7,141 $576,300 $510,000 $66,300
2021 $6,347 $505,180 $404,144 $101,036
2020 $6,407 $500,000 $400,000 $100,000
2019 $2,467 $175,477 $119,034 $56,443
2018 $2,329 $172,037 $116,700 $55,337
2016 $2,210 $165,358 $112,169 $53,189
2015 $2,180 $162,876 $110,485 $52,391
2014 $2,201 $159,686 $108,321 $51,365
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21041043

California Regional Multiple Listing Service (CRMLS)

APN: 5127-034-006