NOT LISTED FOR SALE

1345 N Eastern Ave Los Angeles, CA 90063

Estimated Value: $535,000 - $776,207

2 Beds
2 Baths
1,172 Sq Ft
$561/Sq Ft Est. Value

Last Sold September 24, 2013

Last sale price $247,000 $211 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $3,789/month

206 Days on Market

Highlights

  • Spanish Architecture
  • City Terrace Elementary School Rated 9+
  • No Heating

About This Home

As of September 2013

Not an Reo Or Short Sale. Great Investment Opportunity, 2 Units. NO RENT CONTROL HERE per LAHD! Close to Cal State Los Angeles, fire station and quick access to 10FWY. Buyers are to verify entire condition and all information on this property on their own. Sold As Is with existing tenants.

Last Agent to Sell the Property

Carlos Alonso

HomeSmart Realty Group License #01891866 Listed on: 01/15/2013

Last Buyer's Agent

Carlos Alonso

HomeSmart Realty Group License #01891866 Listed on: 01/15/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 5,167

Parking

  • 1 Parking Space

Home Design

  • 1,172 Sq Ft Home
  • Spanish Architecture
  • Stucco

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • 5,167 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 370
  • Tax Tract Number 6481
  • Assessor Parcel Number 5226024002

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $500
  • Trash Expense $50
  • Water Sewer Expense $75
  • New Taxes Expense $2,849
  • Gross Income $1,850
  • Net Operating Income $21,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

5,167 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 8.64
  • View: No
  • Water Sewer Expenses: 75.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 5226024002
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 210.75

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 1.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 50.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5167.00
  • Lot Size Acres: 0.1190

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 1850.00
  • Gross Multiplier: 11.26
  • Gross Scheduled Income: 22200.00
  • Insurance Expense: 500.00
  • Net Operating Income: 21600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2

Tax Info

  • New Taxes Expense: 2849.00
  • Tax Area: 964
  • Tax Lot: 370
  • Tax Tract Number: 6481

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2013
Closed on
Aug 30, 2013
Sold by
Duran Jesus Martinez
Bought by
Duran Jesus Martinez and Martinez Francisco Javier
Seller's Agent
Carlos Alonso
HomeSmart Realty Group
Buyer's Agent
Carlos Alonso
HomeSmart Realty Group
List Price
$249,900
Sold Price
$247,000
Premium/Discount to List
-$2,900
-1.16%
Current Estimated Value
$658,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$411,052
Avg. Annual Appreciation
8.22%
Original Mortgage
$242,526
Outstanding Balance
$180,142
Interest Rate
4.36%
Mortgage Type
FHA
Estimated Equity
$477,910

Purchase Details

Listed on
Jan 15, 2013
Closed on
Aug 19, 2013
Sold by
Olvera Jesus and Orozco Fabian
Bought by
Duran Jesus Martinez
Seller's Agent
Carlos Alonso
HomeSmart Realty Group
Buyer's Agent
Carlos Alonso
HomeSmart Realty Group
List Price
$249,900
Sold Price
$247,000
Premium/Discount to List
-$2,900
-1.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,526
Outstanding Balance
$180,142
Interest Rate
4.36%
Mortgage Type
FHA
Estimated Equity
$477,910

Purchase Details

Closed on
Jul 15, 2005
Sold by
Olvera Sandra
Bought by
Olvera Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
5.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2001
Sold by
Moguel William G
Bought by
Olvera Jesus and Orozco Fabian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,900
Interest Rate
7.11%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Duran Jesus Martinez -- None Available
Duran Jesus Martinez $247,000 Orange Coast Title Company
Olvera Jesus -- --
Olvera Jesus $135,000 South Coast Title
Olvera Jesus -- South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duran Jesus Martinez $242,526
Previous Owner Olvera Jesus $217,000
Previous Owner Olvera Jesus $126,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2013 09/24/13 Sold $247,000 -1.2% $211 / Sq Ft
08/09/2013 08/09/13 Pending -- -- --
01/15/2013 01/15/13 For Sale $249,900 -- $213 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,786 $304,616 $223,715 $80,901
2024 $4,786 $298,644 $219,329 $79,315
2023 $4,541 $292,789 $215,029 $77,760
2022 $4,350 $287,049 $210,813 $76,236
2021 $4,300 $281,422 $206,680 $74,742
2020 $4,326 $278,537 $204,561 $73,976
2019 $4,180 $273,076 $200,550 $72,526
2018 $4,100 $267,722 $196,618 $71,104
2016 $3,935 $257,328 $188,984 $68,344
2015 $3,879 $253,464 $186,146 $67,318
2014 $3,865 $247,000 $150,000 $97,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Carlos Alonso

    HomeSmart Realty Group

  • A

    Buyer Co-Listing Agent in 2013

    Araceli Garcia

    Century 21 Allstars

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1206567

California Regional Multiple Listing Service (CRMLS)

APN: 5226-024-002

California Los Angeles County Los Angeles 90063

1345 N Eastern Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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