NOT LISTED FOR SALE

Estimated Value: $660,640 - $908,000

6 Beds
3 Baths
1 Sq Ft
$798,160/Sq Ft Est. Value

Last Sold July 06, 2020

Last sale price $571,000 $571,000 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,919/month

52 Days on Market

Highlights

  • City Lights View
  • Laundry Room
  • Back and Front Yard

About This Home

As of July 2020

Great rental income opportunity - Triplex with new exterior stucco in all 3 units. Front Unit has a new kitchen with new granite counter tops, new cabinets, new tile, and new paint. Each unit with 2 Bed/1 Bath Features 1,848 SF of living space on a 5,441 SF Lot. Lots of parking. Every unit has it's own Gas and Electric meter. Tenants are responsible for those utilities. Property is conveniently located close to USC, Football Stadium, Museums, Downtown LA and multiple major freeways. Hurry do not miss this great opportunity!!!

Last Agent to Sell the Property

Gabriel Bolaños

REALTY MASTERS & ASSOCIATES License #01764515 Listed on: 03/19/2020

REALTY MASTERS & ASSOCIATES

Last Buyer's Agent

Esau Tenorio

Esau Tenorio License #01171617

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,000

Year Built

  • Built in 1962

Lot Details

  • 5,441 Sq Ft Lot
  • Two or More Common Walls
  • Back and Front Yard

Home Design

  • Triplex

Interior Spaces

  • 1 Sq Ft Home
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Driveway
  • Off-Street Parking

Utilities

  • Private Water Source

Listing and Financial Details

  • Legal Lot and Block 25 / B
  • Tax Tract Number 4169
  • Assessor Parcel Number 6053001025

Community Details

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Water Sewer Expense $1,650
  • Operating Expense $2,750
  • Gross Income $31,992
  • Net Operating Income $29,242

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,000

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1650.00
  • Zoning: LAR2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6053001025
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One, Two

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Off Street

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5441.00
  • Lot Size Acres: 0.1249

Multi Family

  • Gross Income: 31992.00
  • Gross Scheduled Income: 31992.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 5441.0000 Square Feet
  • Net Operating Income: 29242.00
  • 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: 2750.00
  • Rent Control: Yes
  • Total Actual Rent: 2666.00
  • Total Expenses: 2750.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 2405.00
  • Tax Lot: 25
  • Tax Tract Number: 4169

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2020
Closed on
May 19, 2020
Sold by
Gonzalez Nelson and Razo Margarita
Bought by
Paramo Fidel and Paramo Deborah E
Seller's Agent
Gabriel Bolaños
REALTY MASTERS & ASSOCIATES
Buyer's Agent
Esau Tenorio
Esau Tenorio
List Price
$559,900
Sold Price
$571,000
Premium/Discount to List
$11,100
1.98%
Current Estimated Value
$798,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,160
Avg. Annual Appreciation
6.76%
Original Mortgage
$399,700
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 4, 2019
Closed on
Apr 11, 2019
Sold by
Lao Alan C
Bought by
Gonzalez Nelson and Razo Margarita
Seller's Agent
Eric Delgado
Luxury Collective
Buyer's Agent
Gabriel Bolaños
REALTY MASTERS & ASSOCIATES
List Price
$469,900
Sold Price
$455,000
Premium/Discount to List
-$14,900
-3.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.42%
Original Mortgage
$341,250
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 2, 2017
Closed on
Sep 6, 2017
Sold by
Pelayo Ruben and Ruben P Pelayo Trust
Bought by
Lao Alan C
Seller's Agent
Joshua Gilliam
Seven Gables Real Estate
Buyer's Agent
Joshua Gilliam
Seven Gables Real Estate
List Price
$449,000
Sold Price
$375,000
Premium/Discount to List
-$74,000
-16.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.43%
Original Mortgage
$281,250
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 2, 2017
Closed on
Jul 22, 2017
Sold by
Pelayo Ruben and Ruben P Pelayo Trust
Bought by
Pelayo Ruben and Ruben P Pelayo Trust
Seller's Agent
Joshua Gilliam
Seven Gables Real Estate
Buyer's Agent
Joshua Gilliam
Seven Gables Real Estate
List Price
$449,000
Sold Price
$375,000
Premium/Discount to List
-$74,000
-16.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
3.92%
Mortgage Type
New Conventional
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
Paramo Fidel $571,000 Fidelity National Title Co
Gonzalez Nelson $455,000 Lawyers Title Company
Lao Alan C $375,000 First American Title Company
Pelayo Ruben -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paramo Fidel $399,700
Previous Owner Gonzalez Nelson $341,250
Previous Owner Lao Alan C $281,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2020 07/06/20 Sold $571,000 +2.0% $571,000 / Sq Ft
05/10/2020 05/10/20 Pending -- -- --
03/19/2020 03/19/20 For Sale $559,900 +23.1% $559,900 / Sq Ft
05/06/2019 05/06/19 Sold $455,000 -3.2% $246 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/04/2019 03/04/19 For Sale $469,900 +25.3% $254 / Sq Ft
09/11/2017 09/11/17 Sold $375,000 0.0% $203 / Sq Ft
07/21/2017 07/21/17 Pending -- -- --
07/12/2017 07/12/17 Price Changed $375,000 -8.5% $203 / Sq Ft
06/21/2017 06/21/17 Price Changed $410,000 -2.1% $222 / Sq Ft
06/09/2017 06/09/17 Price Changed $419,000 -6.7% $227 / Sq Ft
06/02/2017 06/02/17 For Sale $449,000 -- $243 / 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 $8,000 $618,067 $422,148 $195,919
2024 $8,000 $605,949 $413,871 $192,078
2023 $7,851 $594,068 $405,756 $188,312
2022 $7,502 $582,420 $397,800 $184,620
2021 $7,405 $571,000 $390,000 $181,000
2020 $6,261 $464,100 $306,000 $158,100
2019 $5,174 $382,500 $204,000 $178,500
2018 $5,091 $375,000 $200,000 $175,000
2016 $2,233 $140,603 $50,466 $90,137
2015 $2,199 $138,492 $49,708 $88,784
2014 $2,216 $135,780 $48,735 $87,045
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20060513

California Regional Multiple Listing Service (CRMLS)

APN: 6053-001-025