NOT LISTED FOR SALE

13669 Ottoman St Arleta, CA 91331

Estimated Value: $944,000 - $1,084,000

4 Beds
3 Baths
2,080 Sq Ft
$489/Sq Ft Est. Value

Last Sold December 18, 2017

Last sale price $625,000 $300 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $6,037/month

7 Days on Market

Highlights

  • No HOA
  • Front Yard
  • 1-Story Property
  • Laundry Room

About This Home

As of December 2017

Wonderful Turnkey investment opportunity for a well maintained duplex in Arleta! Spacious 2-bed 2-bath remodeled front house featuring new kitchen with stainless steel appliances, granite counters with beautiful dark wooden cabinetry, recessed LED lighting, wooden flooring, and crown moldings. Energy efficient dual pane windows with shutters. Newer A/C and water heater which are only few years old. Large front yard and large driveway with a little porch area! Spacious bedrooms with ample closet space and natural lighting. Adorable 1-bed 1-bath back unit which is also remolded with a spacious room, recessed lighting, crown molding, and plenty of cabinet space in the kitchen! Located in great neighborhood, near major freeways. Will not last!!!

Last Agent to Sell the Property

Eric Raimi

Skyline PM, Inc. License #01835179 Listed on: 10/09/2017

Last Buyer's Agent

XIMENA LOPEZ

REH REAL ESTATE License #01736397

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,679 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 2,080 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tax Lot 32
  • Tax Tract Number 16140
  • Assessor Parcel Number 2637006021

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $600
  • New Taxes Expense $5,000
  • Operating Expense $5,600
  • Gross Income $13,500
  • Net Operating Income $13,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 2637006021
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 300.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7679.00

Multi Family

  • Gross Income: 13500.00
  • Gross Scheduled Income: 13500.00
  • Insurance Expense: 600.00
  • Net Operating Income: 13500.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Actual Rent: 1100.00
  • Total Expenses: 5600.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Census Tract: 1197.00
  • Tax Lot: 32
  • Tax Tract Number: 16140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2017
Closed on
Dec 7, 2017
Sold by
Gerona Randy and Gerona Anna Liza
Bought by
Gerona Randy and Gerona Anna Liza
Seller's Agent
Eric Raimi
Skyline PM, Inc.
Buyer's Agent
XIMENA LOPEZ
REH REAL ESTATE
List Price
$599,000
Sold Price
$625,000
Premium/Discount to List
$26,000
4.34%
Current Estimated Value
$1,016,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$391,276
Avg. Annual Appreciation
6.24%
Original Mortgage
$613,679
Outstanding Balance
$514,505
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$501,771

Purchase Details

Listed on
Oct 9, 2017
Closed on
Nov 19, 2017
Sold by
Abrahamian Edward and Abrahamian Tania
Bought by
Gerona Randy and Gerona Anna Liza
Seller's Agent
Eric Raimi
Skyline PM, Inc.
Buyer's Agent
XIMENA LOPEZ
REH REAL ESTATE
List Price
$599,000
Sold Price
$625,000
Premium/Discount to List
$26,000
4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$613,679
Outstanding Balance
$514,505
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$501,771

Purchase Details

Closed on
Dec 10, 2015
Sold by
Abrahamian Edward and Abrahamian Tania
Bought by
Abrahamian Edward and Abrahamian Tania

Purchase Details

Closed on
Oct 24, 2011
Sold by
Federal National Mortgage Association
Bought by
Abrahamian Edward and Abrahamian Tania

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,600
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2010
Sold by
Bacon Timothy L and Bacon Rebecca M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 11, 2003
Sold by
Bacon Timothy L and Bacon Rebecca L
Bought by
Bacon Timothy L and Bacon Rebecca M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 2003
Sold by
Va
Bought by
Bacon Timothy L and Lewis Bacon Rebecca M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage
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
Gerona Randy -- None Available
Gerona Rebecca -- Consumers Title Company
Gerona Randy $625,000 Consumers Title Company
Abrahamian Edward -- Accommodation
Abrahamian Edward $307,000 Lsi Title Company Inc
Federal National Mortgage Association $322,959 Landsafe
Bacon Timothy L -- United Title Company
Bacon Timothy L -- United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerona Randy $613,679
Previous Owner Abrahamian Edward $245,600
Previous Owner Bacon Timothy L $160,000
Previous Owner Bacon Timothy L $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2017 12/18/17 Sold $625,000 +4.3% $300 / Sq Ft
10/16/2017 10/16/17 Pending -- -- --
10/09/2017 10/09/17 For Sale $599,000 -- $288 / 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 $8,732 $711,129 $483,513 $227,616
2024 $8,732 $697,186 $474,033 $223,153
2023 $8,566 $683,517 $464,739 $218,778
2022 $8,174 $670,116 $455,627 $214,489
2021 $8,068 $656,978 $446,694 $210,284
2020 $8,146 $650,242 $442,114 $208,128
2019 $7,830 $637,494 $433,446 $204,048
2018 $7,766 $625,000 $450,000 $175,000
2017 $4,168 $332,249 $215,367 $116,882
2016 $4,055 $325,736 $211,145 $114,591
2015 $3,997 $320,844 $207,974 $112,870
2014 $4,021 $314,561 $203,901 $110,660
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2017

    Eric Raimi

    Skyline PM, Inc.

    (818) 660-6099

    18 Total Sales

    Eric Raimi
    Section Image

  • X

    Buyer's Agent in 2017

    XIMENA LOPEZ

    REH REAL ESTATE

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR17233016

California Regional Multiple Listing Service (CRMLS)

APN: 2637-006-021

California Los Angeles County Arleta 91331

13669 Ottoman St, Arleta, CA

Not Listed for Sale

MultiFamily

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