NOT LISTED FOR SALE

1311 E 59th Place Los Angeles, CA 90001

Estimated Value: $664,000 - $727,000

4 Beds
3 Baths
1,732 Sq Ft
$407/Sq Ft Est. Value

Last Sold April 15, 2016

Last sale price $393,000 $227 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $4,279/month

22 Days on Market

About This Home

As of April 2016

Excellent opportunity for either first time home buyer or investment, 3 units 2 bedroom 1 bath + 1 bedroom 1 bath +1 bedroom 1 bath. these units will pay by themselves in an excellent location in Florence area, no rent control. Nice wrought iron gate with decorative Block fence. decent lot size with plenty of parking on driveway plus carports. Parking up to 10 cars

Last Agent to Sell the Property

Tony Salazar

AMC Realty License #01179492 Listed on: 02/18/2016

Last Buyer's Agent

Alex Sanchez

Jason Mitchell Real Estate CA License #01734841

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,052 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,732 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 107
  • Tax Tract Number 5097
  • Assessor Parcel Number 6008024038

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,320
  • Fuel Expense $900
  • Insurance Expense $750
  • Trash Expense $540
  • Water Sewer Expense $480
  • New Taxes Expense $3,809
  • Operating Expense $8,279
  • Gross Income $3,300
  • Net Operating Income $1,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 480.00
  • Property Type: Residential Income
  • Parcel Number: 6008024038
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 226.91

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6052.00
  • Price Per Lot Square Foot: 64.94
  • Lot Size Acres: 0.1390

Multi Family

  • Electric Expense: 1320.00
  • Fuel Expense: 900.00
  • Gross Income: 3300.00
  • Gross Scheduled Income: 39600.00
  • Insurance Expense: 750.00
  • Lot Size Area: 6052.0000 Square Feet
  • Net Operating Income: 1200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Expenses: 8279.00

Tax Info

  • New Taxes Expense: 3809.00
  • Tax Lot: 107
  • Tax Tract Number: 5097

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2016
Closed on
Mar 9, 2016
Sold by
Martinez Guillermo and Martinez Maria Soledad
Bought by
Fernandez Alejandro
Seller's Agent
Tony Salazar
AMC Realty
Buyer's Agent
Alex Sanchez
Jason Mitchell Real Estate CA
List Price
$390,000
Sold Price
$393,000
Premium/Discount to List
$3,000
0.77%
Current Estimated Value
$704,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,605
Avg. Annual Appreciation
6.18%
Original Mortgage
$379,883
Outstanding Balance
$300,576
Interest Rate
3.64%
Mortgage Type
FHA
Estimated Equity
$404,029

Purchase Details

Closed on
Mar 8, 2010
Sold by
Gmac Mortgage Llc
Bought by
Martinez Guillermo and Martinez Maria Soledad

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
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2009
Sold by
Martinez Victor
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
May 25, 2001
Sold by
Salgado Leonel
Bought by
Martinez Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,284
Interest Rate
7.15%
Mortgage Type
FHA

Purchase Details

Closed on
May 5, 2000
Sold by
Marroquin Edin and Marroquin Rosa
Bought by
Martinez Victor and Salgado Leonel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,942
Interest Rate
8.53%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fernandez Alejandro $393,000 Lawyers Title
Martinez Guillermo $200,000 Lsi Title Agency
Gmac Mortgage Llc $153,000 None Available
Martinez Victor -- Chicago Title
Martinez Victor $158,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fernandez Alejandro $379,883
Previous Owner Martinez Guillermo $150,000
Previous Owner Martinez Victor $153,284
Previous Owner Martinez Victor $155,942
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2016 04/15/16 Sold $393,000 +0.8% $227 / Sq Ft
03/11/2016 03/11/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $390,000 -- $225 / 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 $7,175 $465,226 $313,704 $151,522
2024 $7,175 $456,104 $307,553 $148,551
2023 $6,810 $447,162 $301,523 $145,639
2022 $6,523 $438,395 $295,611 $142,784
2021 $6,451 $429,800 $289,815 $139,985
2020 $6,493 $425,394 $286,844 $138,550
2019 $6,269 $417,054 $281,220 $135,834
2018 $6,149 $408,877 $275,706 $133,171
2016 $3,852 $218,075 $104,676 $113,399
2015 $3,800 $214,800 $103,104 $111,696
2014 $3,810 $210,594 $101,085 $109,509
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Tony Salazar

    AMC Realty

    Section Image
  • Alex Sanchez

    Buyer's Agent in 2016

    Alex Sanchez

    Jason Mitchell Real Estate CA

    (562) 239-8819

    2 in this area

    58 Total Sales

    Alex Sanchez
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16034377

California Regional Multiple Listing Service (CRMLS)

APN: 6008-024-038

California Los Angeles County Los Angeles 90001

1311 E 59th Place, Los Angeles, CA

Not Listed for Sale

MultiFamily

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