NOT LISTED FOR SALE

1363 E 59th St Los Angeles, CA 90001

Estimated Value: $858,000 - $987,000

7 Beds
3 Baths
2,192 Sq Ft
$421/Sq Ft Est. Value

Last Sold April 05, 2023

Last sale price $806,000 $368 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,755/month

126 Days on Market

About This Home

As of April 2023

Income producing triplex in LA County - NO rent control! Property is gated with plenty of off street parking. Interior was recently painted. Unit #1 - 3BR/ 1 BA with attached Laundry Room; Unit #2 - 2BR/ 1 BA; and Unit #3 - 2BR/ 1 BA with W/D hook ups. Owner pays water. Separately metered electric is paid by tenants.

Last Agent to Sell the Property

Victoria Nakamura

Keller Williams Newport Estates License #02127441 Listed on: 10/09/2022

Keller Williams Newport Estates

Co-Listed By

Nancy Leonardo

Nancy Leonardo, Broker License #01341295

Last Buyer's Agent

Norma Voelkel

Voelkel & Associates License #01823662

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,074 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Home Design

  • 2,192 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Driveway

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 17 / 1
  • Tax Tract Number 600
  • Assessor Parcel Number 6008021029
  • $1,498 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Trash Expense $600
  • Water Sewer Expense $600
  • Operating Expense $3,600
  • Gross Income $66,600
  • Net Operating Income $66,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 600.00
  • Zoning: LCM1*
  • Property Type: Residential Income
  • Parcel Number: 6008021029
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 367.70

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Upper Level
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5074.00
  • Lot Size Acres: 0.1165

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 66600.00
  • Gross Scheduled Income: 67800.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 5074.0000 Square Feet
  • Net Operating Income: 66600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Actual Rent: 5650.00
  • Total Expenses: 3600.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 5328.00
  • Tax Lot: 17
  • Tax Tract Number: 600...
  • TaxOtherAnnualAssessmentAmount: 1498.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2022
Closed on
May 5, 2023
Sold by
Saenz Nelson
Bought by
B & E Reyes Inc
Seller's Agent
Victoria Nakamura
Keller Williams Newport Estates
Buyer's Agent
Norma Voelkel
Voelkel & Associates
List Price
$833,000
Sold Price
$806,000
Premium/Discount to List
-$27,000
-3.24%
Views
5
Current Estimated Value
$922,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,887
Avg. Annual Appreciation
4.96%
Original Mortgage
$312,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 9, 2022
Closed on
Mar 16, 2023
Sold by
Mejia Antonia Elizabeth Reyes
Bought by
Claros Nelson Antonio Saen
Seller's Agent
Victoria Nakamura
Keller Williams Newport Estates
Buyer's Agent
Norma Voelkel
Voelkel & Associates
List Price
$833,000
Sold Price
$806,000
Premium/Discount to List
-$27,000
-3.24%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 9, 2022
Closed on
Mar 6, 2023
Sold by
Aguilar Family Trust
Bought by
Claros Nelson Antonio Saen
Seller's Agent
Victoria Nakamura
Keller Williams Newport Estates
Buyer's Agent
Norma Voelkel
Voelkel & Associates
List Price
$833,000
Sold Price
$806,000
Premium/Discount to List
-$27,000
-3.24%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2000
Sold by
Operation Shoe Strings Inc
Bought by
Aguilar Oscar and Aguilar 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
$220,860
Interest Rate
7.81%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 15, 1999
Sold by
Hud
Bought by
Operation Shoe Strings Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,900
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 22, 1998
Sold by
Cervantes Francisco L and Lopez Josefina
Bought by
Gmac Mtg Corp and Gmac Mtg Corp Of Pa

Purchase Details

Closed on
Mar 7, 1997
Sold by
Cervantes Francisco L and Lopez Josefina
Bought by
Cervantes Francisco Lopez and Mendez Reyna Isabel
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
B & E Reyes Inc -- None Listed On Document
Claros Nelson Antonio Saen -- Clearmark Title
Claros Nelson Antonio Saen $806,000 Clearmark Title
Aguilar Oscar $240,000 Provident Title
Operation Shoe Strings Inc $118,510 --
Gmac Mtg Corp $164,288 --
Hud -- Stewart Title
Cervantes Francisco Lopez -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Claros Nelson Antonio Saen $312,000
Previous Owner Aguilar Oscar $220,860
Previous Owner Operation Shoe Strings Inc $185,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2023 04/05/23 Sold $806,000 -3.2% $368 / Sq Ft
02/13/2023 02/13/23 Pending -- -- --
10/09/2022 10/09/22 For Sale $833,000 -- $380 / 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 $11,561 $838,562 $520,200 $318,362
2024 $11,561 $822,120 $510,000 $312,120
2023 $5,670 $347,577 $209,997 $137,580
2022 $5,443 $340,763 $205,880 $134,883
2021 $5,378 $334,083 $201,844 $132,239
2020 $5,410 $330,999 $199,775 $131,224
2019 $5,233 $324,516 $195,858 $128,658
2018 $5,108 $318,160 $192,018 $126,142
2016 $4,895 $305,480 $184,562 $120,918
2015 $4,826 $300,892 $181,790 $119,102
2014 $4,834 $294,998 $178,229 $116,769
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22207400

California Regional Multiple Listing Service (CRMLS)

APN: 6008-021-029