NOT LISTED FOR SALE

131 W 59th Place Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $772,000 - $1,050,000

8 Beds
4 Baths
3,057 Sq Ft
$294/Sq Ft Est. Value

Last Sold July 01, 2015

Last sale price $488,500 $160 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,318/month

16 Days on Market

About This Home

As of July 2015

Great investment property on the market for the first time in almost 40 years! Four-plex - all units 2 bedrooms and 1 bath. Three units are Section 8 tenants - most tenants are long term. Property will be delivered occupied - Please do not disturb occupants. Trust Sale - Property being sold "As Is."

Last Agent to Sell the Property

Cynthia Kennedy

Real Estate eBroker Inc. License #01516068 Listed on: 05/17/2015

Real Estate eBroker Inc.

Last Buyer's Agent

Cynthia Kennedy

Real Estate eBroker Inc. License #01516068 Listed on: 05/17/2015

Real Estate eBroker Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,308

Year Built

  • Built in 1962

Lot Details

  • 5,400

Parking

  • 4 Parking Spaces

Home Design

  • 3,057 Sq Ft Home
  • Quadruplex

Additional Features

  • 5,400 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 6005-012-022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,308

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3057
  • Probate: No
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Price Per S Q F T: 125.94

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Parking Space
  • Total Parking: 4

Utilities

  • Heating: Natural Gas
  • Water Expense: 220.00

Fee Information

  • Gas Expense: 100.00
  • Insurance Expense: 113.00
  • Maintenance Expense: 200.00
  • Trash Expense: 199.00

Lot Info

  • Assessed Improvement Value: 46179
  • Assessed Land Value: 13579
  • Assessor Parcel Number: 6005-012-022
  • Geocode Override: No
  • Lot Size Area: 5400

Rental Info

  • Total Actual Rent: 4009.00
  • Monthly Gross Income: 4009.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 8.00
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: 4 Plex
  • Vacancy Allow Percent: 3.00

Tax Info

  • Tax Expense: 1052.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2015
Closed on
Jun 23, 2015
Sold by
Martin Lynda C
Bought by
Rahmani Moris and Moradzadeh Erit
Seller's Agent
Cynthia Kennedy
Real Estate eBroker Inc.
Buyer's Agent
Cynthia Kennedy
Real Estate eBroker Inc.
List Price
$385,000
Sold Price
$488,500
Premium/Discount to List
$103,500
26.88%
Current Estimated Value
$899,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$411,088
Avg. Annual Appreciation
6.09%

Purchase Details

Closed on
Oct 7, 2010
Sold by
Termechi Yassamin
Bought by
Simanian Dani

Purchase Details

Closed on
Aug 1, 2005
Sold by
Martin Ernesteen
Bought by
Martin Ernesteen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
5.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2004
Sold by
Martin Ernesteen
Bought by
Martin Ernesteen and Ernesteen Martin 1998 Trust

Purchase Details

Closed on
Jun 2, 2004
Sold by
Martin Ernesteen
Bought by
Martin Ernesteen

Purchase Details

Closed on
Mar 12, 1998
Sold by
Martin Ernesteen
Bought by
Martin Ernesteen and Ernesteen Martin 1998 Trust

Purchase Details

Closed on
Oct 3, 1997
Sold by
Martin Elbert L
Bought by
The Elbert L & Ernesteen Martin Joint Li
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
Rahmani Moris $488,500 Ticor Title San Diego
Simanian Dani -- Calcounties Title Nation
Martin Ernesteen -- Landsafe Title
Martin Ernesteen -- --
Martin Ernesteen -- Landsafe Title
Martin Ernesteen -- --
The Elbert L & Ernesteen Martin Joint Li -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin Ernesteen $318,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2015 07/01/15 Sold $488,500 +26.9% $160 / Sq Ft
06/02/2015 06/02/15 Pending -- -- --
05/17/2015 05/17/15 For Sale $385,000 -- $126 / Sq Ft
Source: The MLS

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 $7,308 $578,277 $127,847 $450,430
2024 $7,308 $566,940 $125,341 $441,599
2023 $7,173 $555,825 $122,884 $432,941
2022 $6,850 $544,927 $120,475 $424,452
2021 $6,754 $534,243 $118,113 $416,130
2019 $6,559 $518,399 $114,610 $403,789
2018 $6,453 $508,235 $112,363 $395,872
2017 $0 $498,270 $110,160 $388,110
2016 $6,147 $488,500 $108,000 $380,500
2015 $5,917 $469,190 $250,915 $218,275
2014 -- $59,758 $13,579 $46,179
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2015

    Cynthia Kennedy

    Real Estate eBroker Inc.

    (310) 902-6149

    1 Total Sale

    Cynthia Kennedy
    Section Image
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Map

Source: The MLS

MLS Number: 15-906501

The MLS

APN: 6005-012-022

California Los Angeles County Los Angeles 90003 Florence

131 W 59th Place, Los Angeles, CA

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