NOT LISTED FOR SALE

1311 Cypress Ave Los Angeles, CA 90065

Cypress Park Neighborhood

Estimated Value: $813,000 - $995,000

2 Beds
2 Baths
1,104 Sq Ft
$831/Sq Ft Est. Value

Last Sold September 23, 2016

Last sale price $510,000 $462 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $5,485/month

11 Days on Market

Highlights

  • Tile Flooring
  • Abraham Lincoln High School Rated A
  • Wall Furnace

About This Home

As of September 2016

Rehabbed 2 unit complex approx 1,100 sq. ft. There are 2 seperate units. First unit is approx 624 sq. ft, offers 1 bedroom, an additional room, but has no closet, 1 full bathroom that's remodeled with new tiled floors, new tiled shower, new cabinet and granite counter tops. Spacious family room, a remodeled kitchen with new cabinets, new quartz counter tops, new appliances (stainless steel, microwave, stove and dishwasher to be installed at close of escrow) nice laminated floors and new carpet throughout. The 2nd unit is approx. 480 sq. ft, has 1 bedrooms, 1 full bathroom that's remodeled with new tiled floors, new shower, new cabinet, updated kitchen as well with new quartz counter tops, and new appliances (stainless steel, microwave, stove and dishwasher to be installed at close of escrow). New interior and exterior pant, Inside laundry hook ups and wall heaters in both units.

Last Agent to Sell the Property

Alaura Clennon

Griffin Real Estate, Inc. Listed on: 08/01/2016

Last Buyer's Agent

Salvador Perez

Elevate Real Estate Agency License #01943159

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,193

Year Built

  • Built in 1924

Lot Details

  • 4,354 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 1,104 Sq Ft Home
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 36
  • Tax Tract Number 1593
  • Assessor Parcel Number 5454029034

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,000
  • Gross Income $2,250
  • Net Operating Income $27,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,193

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Other Phone Description: See comments
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 5454029034
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 461.96

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 4354.00
  • Price Per Lot Square Foot: 117.13

Multi Family

  • Gross Income: 2250.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 27000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 9000.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Lot: 36
  • Tax Tract Number: 1593

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2016
Closed on
Sep 2, 2016
Sold by
Gutierrez Rita
Bought by
Gutierrezcorona Nau
Seller's Agent
Alaura Clennon
Griffin Real Estate, Inc.
Buyer's Agent
Salvador Perez
Elevate Real Estate Agency
List Price
$499,990
Sold Price
$510,000
Premium/Discount to List
$10,010
2%
Current Estimated Value
$916,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$406,975
Avg. Annual Appreciation
6.88%
Original Mortgage
$454,059
Outstanding Balance
$367,323
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$559,324

Purchase Details

Listed on
Aug 1, 2016
Closed on
Aug 16, 2016
Sold by
Gb Inland Properties Llc
Bought by
Gutierrezcorona Nau
Seller's Agent
Alaura Clennon
Griffin Real Estate, Inc.
Buyer's Agent
Salvador Perez
Elevate Real Estate Agency
List Price
$499,990
Sold Price
$510,000
Premium/Discount to List
$10,010
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,059
Outstanding Balance
$367,323
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$559,324

Purchase Details

Closed on
Feb 25, 2016
Sold by
Miller Aaron L
Bought by
G B Inland Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Interest Rate
3.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2011
Sold by
Khudyan Edmond
Bought by
Miller Aaron L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,825
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 6, 2011
Sold by
Gk Holdings Inc
Bought by
Khudyan Edmond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2011
Sold by
Gomez Patricia
Bought by
Gk Holdings Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2008
Sold by
Gomez Patricia
Bought by
Gomez Patricia and Arredondo Guadalupe

Purchase Details

Closed on
Dec 14, 2007
Sold by
Arredondo Socorro Pedro
Bought by
Gomez Patricia

Purchase Details

Closed on
Dec 15, 2006
Sold by
Gomez Patricia
Bought by
Arredondo Socorro Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.3%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 6, 2004
Sold by
Perez Efrain Gomez
Bought by
Gomez Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 19, 2002
Sold by
Gomez Efrain
Bought by
Gomez Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.16%

Purchase Details

Closed on
Mar 29, 1996
Sold by
Arredondo Socorro Gonzales and Arredondo Guadalupe
Bought by
Arredondo Patricia
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
Gutierrezcorona Nau -- Title 365
Gutierrezcorona Nau $510,000 Title 365
G B Inland Properties Llc $357,500 Title 365
Miller Aaron L $283,000 Lawyers Title Company
Khudyan Edmond $235,000 Lawyers Title
Khudyan Edmond -- Lawyers Title
Gk Holdings Inc -- None Available
Gomez Patricia -- Accommodation
Gomez Patricia -- Accommodation
Arredondo Socorro Pedro -- Investors Title Company
Gomez Patricia -- Orange Coast Title Company
Gomez Patricia -- Lawyers Title
Arredondo Patricia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutierrezcorona Nau $105,000
Open Gutierrezcorona Nau $454,059
Previous Owner Gb Inland Properties Llc $6,000,000
Previous Owner Miller Aaron L $275,825
Previous Owner Khudyan Edmond $176,250
Previous Owner Gomez Patricia $25,000
Previous Owner Gomez Patricia $260,000
Previous Owner Gomez Patricia $130,000
Previous Owner Gomez Patricia $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2016 09/23/16 Sold $510,000 0.0% $462 / Sq Ft
08/15/2016 08/15/16 Price Changed $510,000 +2.0% $462 / Sq Ft
08/12/2016 08/12/16 Pending -- -- --
08/01/2016 08/01/16 For Sale $499,990 -- $453 / 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 $7,193 $591,894 $400,399 $191,495
2024 $7,193 $580,290 $392,549 $187,741
2023 $7,055 $568,912 $384,852 $184,060
2022 $6,729 $557,757 $377,306 $180,451
2021 $6,646 $546,821 $369,908 $176,913
2020 $6,710 $541,215 $366,116 $175,099
2019 $6,447 $530,604 $358,938 $171,666
2018 $6,373 $520,200 $351,900 $168,300
2016 $3,793 $300,270 $211,145 $89,125
2015 $3,740 $295,761 $207,974 $87,787
2014 $3,764 $289,969 $203,901 $86,068
Source: Public Records

Agents Affiliated with this Home

  • Alaura Clennon

    Seller's Agent in 2016

    Alaura Clennon

    Griffin Real Estate, Inc.

    (949) 940-5143

    37 Total Sales

    Alaura Clennon
    Section Image

  • S

    Buyer's Agent in 2016

    Salvador Perez

    Elevate Real Estate Agency

    (951) 281-3924

    21 Total Sales

    Salvador Perez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG16168339

California Regional Multiple Listing Service (CRMLS)

APN: 5454-029-034

California Los Angeles County Los Angeles 90065 Cypress Park

1311 Cypress Ave, Los Angeles, CA

This home is located at 1311 Cypress Ave, Los Angeles, CA 90065 since 01 August 2016 and is currently estimated at $916,975, approximately $830 per square foot. This property was built in 1924. 1311 Cypress Ave is a home located in Los Angeles County with nearby schools including Aragon Avenue Elementary, Florence Nightingale Middle, and Benjamin Franklin High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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