NOT LISTED FOR SALE

Estimated Value: $607,343 - $885,000

5 Beds
3 Baths
2,011 Sq Ft
$380/Sq Ft Est. Value

Last Sold February 20, 2013

Last sale price $253,000 $126 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $4,711/month

165 Days on Market

About This Home

As of February 2013

This home is located at 1347 W 97th St, Los Angeles, CA 90044 since 20 December 2012 and is currently estimated at $764,836, approximately $380 per square foot. This property was built in 1922. 1347 W 97th St is a home located in Los Angeles County with nearby schools including Ninety-Fifth Street Elementary School, Bret Harte Preparatory Middle School, and George Washington Preparatory High School.

Last Agent to Sell the Property

Gary Neely

Century 21 Union Realty License #00621941 Listed on: 12/20/2012

Last Buyer's Agent

Maria Martinez

Tri-Pillar Realty License #01883231

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,394

Year Built

  • Built in 1922

Lot Details

  • 6,495 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • 2,011 Sq Ft Home
  • Ranch Style House
  • Frame Construction
  • Composition Roof
  • Stucco
  • Adobe

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 53
  • Tax Tract Number 3096
  • Assessor Parcel Number 6056013028

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $50
  • Insurance Expense $1,400
  • Other Expense $450
  • Trash Expense $468
  • Water Sewer Expense $900
  • New Taxes Expense $3,000
  • Gross Income $2,150
  • Net Operating Income $25,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,394

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 310-292-1055
  • Water Sewer Expenses: 900.00
  • Zoning: LCC3YY
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Parcel Number: 6056013028
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Levels: One
  • Price Per Square Foot: 125.81

Exterior Features

  • Roof: Composition
  • Construction Materials: Adobe, Frame, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00

Utilities

  • Trash Expense: 468.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6495.00
  • Lot Size Acres: 0.1490

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 50.00
  • Gross Income: 2150.00
  • Gross Multiplier: 11.58
  • Gross Scheduled Income: 25800.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 6495.0000 Square Feet
  • Net Operating Income: 25800.00
  • 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
  • Other Expense: 450.00
  • Other Expense Description: Gardner
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Lot: 53
  • Tax Tract Number: 3096

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2012
Sold by
Wellons Josephine and Brazile Louella
Bought by
Martinez Fernando and Martinez Maria
Current Estimated Value
$764,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,417
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
May 11, 2005
Sold by
Wellons Josephine and The Trust Of Minnie B Howard
Bought by
Wellons Josephine and Brazil Luella

Purchase Details

Closed on
Feb 15, 2004
Sold by
Howard Minnie B
Bought by
Howard Minnie B and Trust Of Minnie B Howard

Purchase Details

Closed on
Mar 25, 2002
Sold by
Howard Elijah and Howard Minnie
Bought by
Howard Minnie

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
6.84%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Martinez Fernando $253,000 Fatcola
Wellons Josephine -- --
Howard Minnie B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Maria $250,000
Previous Owner Martinez Fernando $248,417
Previous Owner Howard Minnie $150,000
Previous Owner Howard Elijah $133,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2013 02/20/13 Sold $253,000 -15.4% $126 / Sq Ft
12/31/2012 12/31/12 Pending -- -- --
07/19/2012 07/19/12 For Sale $299,000 -- $149 / 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
2024 $5,394 $305,433 $241,453 $63,980
2023 $5,064 $299,445 $236,719 $62,726
2022 $4,870 $293,575 $232,078 $61,497
2021 $4,826 $287,820 $227,528 $60,292
2020 $4,854 $284,869 $225,195 $59,674
2019 $4,702 $279,284 $220,780 $58,504
2018 $4,559 $273,808 $216,451 $57,357
2016 $4,346 $263,178 $208,047 $55,131
2015 $4,285 $259,225 $204,922 $54,303
2014 $4,297 $254,148 $200,908 $53,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12090217

California Regional Multiple Listing Service (CRMLS)

APN: 6056-013-028