NOT LISTED FOR SALE

Estimated Value: $747,359 - $903,000

6 Beds
2 Baths
1,950 Sq Ft
$415/Sq Ft Est. Value

Last Sold April 23, 2024

Last sale price $752,500 $386 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,597/month

35 Days on Market

Highlights

  • Paved or Partially Paved Lot
  • Wall Furnace
  • 4-minute walk to Wall Street Park

About This Home

As of April 2024

Back on the market. Priced very competitive for this property!
*NO RENT CONTROL* AMAZING INVESTMENT OPPORTUNITY!
This duplex was built in 1991. There are two units with 3 Bedrooms and 1 Bathroom in each. Long term tenants. Plenty of parking in the front and back of property.
There may be space to add an ADU for increased revenue, but you must check with the city of Los Angeles.
Don't miss out on a rare opportunity to own a property in Los Angeles without rent control!

Last Agent to Sell the Property

Raul Espinosa

Sunrise Realty & Home Loan Brokerage Phone: 562-659-3050 License #01941306 Listed on: 01/12/2024

Last Buyer's Agent

Laura Villescaz

Century 21 Allstars License #01300395

Century 21 Allstars

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $3,843

Year Built

  • Built in 1991

Lot Details

  • 4,320 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot

Parking

  • 6 Parking Spaces

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,950 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 53 / A
  • Assessor Parcel Number 6040012021
  • $292 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,445
  • Pest Control $200
  • Water Sewer Expense $1,759
  • New Taxes Expense $10,623
  • Operating Expense $14,162
  • Gross Income $47,400
  • Net Operating Income $33,238

Property Details

Home Type

Co-Op

Est. Annual Taxes

$3,843

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Price Per Unit: 374950
  • Property Attached: No
  • Water Sewer Expenses: 1759.00
  • Zoning: LAC2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6040012021
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: front
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 385.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Pest Control Expense: 200.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Stock Cooperative
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 4320.00
  • Lot Size Acres: 0.0992

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 47400.00
  • Gross Scheduled Income: 47400.00
  • Insurance Expense: 1445.00
  • Lot Size Area: 4320.0000 Square Feet
  • Net Operating Income: 33238.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 14162.00
  • Rent Control: No
  • Total Expenses: 14162.00

Tax Info

  • New Taxes Expense: 10623.00
  • Tax Block: A
  • Tax Census Tract: 2402.00
  • Tax Lot: 53
  • TaxOtherAnnualAssessmentAmount: 292.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2024
Closed on
Mar 12, 2024
Sold by
Espinosa Family Revocable Trust and Espinosa Raul R
Bought by
Francisco Pablo and Guzman Gloria
Seller's Agent
Raul Espinosa
Sunrise Realty & Home Loan
Buyer's Agent
Laura Villescaz
Century 21 Allstars
List Price
$749,900
Sold Price
$752,500
Premium/Discount to List
$2,600
0.35%
Views
28
Current Estimated Value
$809,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,590
Avg. Annual Appreciation
5.02%
Original Mortgage
$731,506
Outstanding Balance
$719,900
Interest Rate
6.88%
Mortgage Type
FHA
Estimated Equity
$89,190

Purchase Details

Closed on
Jul 13, 2013
Sold by
Espinosa Raul R
Bought by
Espinosoa Raul R and Aguirre Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2007
Sold by
Espinosa Raul R
Bought by
Espinosa Raul R and Aguirre Maria Elena

Purchase Details

Closed on
Nov 28, 2000
Sold by
Truman Eddie L and Truman Linda
Bought by
Espinoza Raul and Aguirre Maria Elena

Purchase Details

Closed on
Jul 1, 1997
Sold by
Anderson Laurie N
Bought by
Truman Edward

Purchase Details

Closed on
May 30, 1997
Sold by
Anderson Laurie N
Bought by
Truman Eddie L
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
Francisco Pablo $752,500 Stewart Title Of California In
Espinosoa Raul R -- Accommodation
Espinosa Raul R -- Accommodation
Espinosa Raul R -- Lsi
Espinosa Raul R -- None Available
Espinoza Raul -- North American Title
Truman Edward -- --
Truman Eddie L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Francisco Pablo $731,506
Previous Owner Espinosa Raul R $118,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2024 04/23/24 Sold $752,500 +0.3% $386 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
02/15/2024 02/15/24 Price Changed $749,900 0.0% $385 / Sq Ft
02/15/2024 02/15/24 For Sale $749,900 -6.3% $385 / Sq Ft
02/06/2024 02/06/24 Pending -- -- --
01/19/2024 01/19/24 Price Changed $799,900 -3.6% $410 / Sq Ft
01/12/2024 01/12/24 For Sale $829,900 -- $426 / 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 $3,843 $767,550 $563,550 $204,000
2024 $3,843 $295,437 $162,493 $132,944
2023 $3,773 $289,645 $159,307 $130,338
2022 $3,602 $283,967 $156,184 $127,783
2021 $3,549 $278,400 $153,122 $125,278
2019 $3,446 $270,144 $148,581 $121,563
2018 $3,400 $264,848 $145,668 $119,180
2016 $3,234 $254,565 $140,012 $114,553
2015 $3,189 $250,742 $137,909 $112,833
2014 $3,211 $245,831 $135,208 $110,623
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24006890

California Regional Multiple Listing Service (CRMLS)

APN: 6040-012-021