Seller's Agent in 2024
Jordan Davies
Keller Williams Realty Calabasas
(213) 271-4945
2 in this area
54 Total Sales
1330 W 87th St Los Angeles, CA 90044
Westmont NeighborhoodEstimated Value: $774,000 - $816,517
4
Beds
2
Baths
1,944
Sq Ft
$409/Sq Ft
Est. Value
About This Home
As of June 2024Great investor or owner opportunity! Property comes with approved paid plans to build a rear 1,560 sqft Duplex. Current front Duplex is 1,944 sqft and currently making $4,200/m. Rear duplex once built could be bringing in $5,800/m. Total income could be $10,000/m. Property has a very large lot with plenty of parking available. All architectural, engineerings and plans have been paid, once closed you can break ground right away. Contractor bid also available for project. A great opportunity for someone looking for immediate cash flow or to own a great income producing property, built in equity and plenty of upside. Located in the up and coming desirable Westmont neighborhood. Everything is less than 20 mins from; Downtown LA, the beach, Westfield Mall, Crypto.com Center, SOFI Stadium, and LAX. This property is located in Unincorporated Los Angeles County. *Property is on LCR3 Zoning. Plans and contractor bid available upon request. Once built, completed, rented the property could be operating at 7.5 Cap!
Last Agent to Sell the Property
Keller Williams Realty Calabasas Brokerage Phone: 213-271-4945 License #01914332 Listed on: 01/17/2024
Last Buyer's Agent
Keller Williams Realty Calabasas Brokerage Phone: 213-271-4945 License #01914332 Listed on: 01/17/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,805
Year Built
- Built in 1922 | Remodeled
Lot Details
- 6,088 Sq Ft Lot
- 1 Common Wall
- Back and Front Yard
- On-Hand Building Permits
Home Design
- Quadruplex
Interior Spaces
- 4 Bedrooms
- 1,944 Sq Ft Home
- 2-Story Property
Laundry
- Laundry Room
- Laundry Located Outside
Parking
- Parking Available
- Driveway
- Parking Lot
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection, water
- Tax Lot 178
- Tax Tract Number 1004
- Assessor Parcel Number 6047006009
- $1,099 per year additional tax assessments
Community Details
Overview
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,500
- Operating Expense $2,500
- Gross Income $50,400
- Net Operating Income $47,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 17, 2024
Closed on
Jun 6, 2024
Sold by
Ollie Real Estate Inv Llc
Bought by
Mesbah Ashkon
Seller's Agent
Jordan Davies
Keller Williams Realty Calabasas
Buyer's Agent
Jordan Davies
Keller Williams Realty Calabasas
List Price
$790,000
Sold Price
$755,000
Premium/Discount to List
-$35,000
-4.43%
Views
47
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,625
Avg. Annual Appreciation
4.58%
Original Mortgage
$566,250
Outstanding Balance
$560,260
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$234,619
Purchase Details
Listed on
Jul 1, 2023
Closed on
Aug 21, 2023
Sold by
Cortez Andrew E Soto and Cortez Jessica
Bought by
Ollie Real Estate Investments Llc
Seller's Agent
Emilio Soto
REALNET GROUP, INC.
Buyer's Agent
Jordan Davies
Keller Williams Realty Calabasas
List Price
$728,000
Sold Price
$625,000
Premium/Discount to List
-$103,000
-14.15%
Views
74
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.65%
Original Mortgage
$806,386
Interest Rate
6.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 30, 2020
Sold by
Soto Emilio P and Soto Gonzalez Gloria
Bought by
Cortez Andrew E Soto and Soto Jessica
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,500
Interest Rate
3%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 3, 2015
Sold by
Soto Emilio P
Bought by
Glem Gonso Trust
Purchase Details
Closed on
Nov 7, 2003
Sold by
Jenkins Kevin D
Bought by
Soto Emilio
Purchase Details
Closed on
Oct 8, 2003
Sold by
Mcclain Matthew Lee
Bought by
Jenkins Kevin D
Purchase Details
Closed on
Jul 10, 2003
Sold by
Gonzalez Gloria
Bought by
Soto Emilio
Purchase Details
Closed on
Sep 6, 2001
Sold by
Mcclain Matthew
Bought by
Jenkins Kevin D
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mesbah Ashkon | $755,000 | Lawyers Title | |
| Ollie Real Estate Investments Llc | $625,000 | None Listed On Document | |
| Cortez Andrew E Soto | -- | Provident Title Company | |
| Glem Gonso Trust | -- | None Available | |
| Soto Emilio | $135,000 | Orange Coast Title | |
| Jenkins Kevin D | -- | Orange Coast Title | |
| Soto Emilio | -- | Orange Coast Title | |
| Jenkins Kevin D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mesbah Ashkon | $566,250 | |
| Previous Owner | Ollie Real Estate Investments Llc | $806,386 | |
| Previous Owner | Ollie Real Estate Investments | $75,000 | |
| Previous Owner | Cortez Andrew E Soto | $460,500 | |
| Previous Owner | Soto Emilio | $185,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/12/2024 06/12/24 | Sold | $755,000 | -4.4% | $388 / Sq Ft |
| 04/30/2024 04/30/24 | For Sale | $790,000 | 0.0% | $406 / Sq Ft |
| 04/01/2024 04/01/24 | Pending | -- | -- | -- |
| 03/01/2024 03/01/24 | Price Changed | $790,000 | -4.2% | $406 / Sq Ft |
| 02/20/2024 02/20/24 | For Sale | $825,000 | +9.3% | $424 / Sq Ft |
| 02/13/2024 02/13/24 | Off Market | $755,000 | -- | -- |
| 02/13/2024 02/13/24 | For Sale | $800,000 | +6.0% | $412 / Sq Ft |
| 02/07/2024 02/07/24 | Off Market | $755,000 | -- | -- |
| 01/26/2024 01/26/24 | Price Changed | $800,000 | -3.0% | $412 / Sq Ft |
| 01/17/2024 01/17/24 | For Sale | $825,000 | +32.0% | $424 / Sq Ft |
| 09/11/2023 09/11/23 | Sold | $625,000 | -14.1% | $322 / Sq Ft |
| 07/01/2023 07/01/23 | For Sale | $728,000 | -- | $374 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $8,805 | $770,100 | $612,000 | $158,100 |
| 2024 | $8,805 | $625,000 | $435,000 | $190,000 |
| 2023 | $4,354 | $273,300 | $191,313 | $81,987 |
| 2022 | $4,178 | $267,942 | $187,562 | $80,380 |
| 2021 | $4,131 | $262,689 | $183,885 | $78,804 |
| 2020 | $4,156 | $259,996 | $182,000 | $77,996 |
| 2019 | $4,019 | $254,899 | $178,432 | $76,467 |
| 2018 | $3,898 | $249,902 | $174,934 | $74,968 |
| 2016 | $3,734 | $240,200 | $168,142 | $72,058 |
| 2015 | $3,681 | $236,593 | $165,617 | $70,976 |
| 2014 | $3,688 | $231,959 | $162,373 | $69,586 |
Source: Public Records
Agents Affiliated with this Home
-
-
E
Seller's Agent in 2023
Emilio Soto
REALNET GROUP, INC.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR24009893
APN: 6047-006-009
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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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