NOT LISTED FOR SALE

Estimated Value: $566,000 - $1,468,000

10 Beds
6 Baths
3,640 Sq Ft
$302/Sq Ft Est. Value

Last Sold February 20, 2020

Last sale price $895,000 $246 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $7,081/month

Highlights

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

About This Home

As of February 2020

This very desirable new construction income producing duplex is non-rent controlled. This contemporary duplex consists of 2 5-bedroom 3-bathroom units with one single car garage in the front unit and 2-car garage in the back unit. Each unit has an open floor plan with a large living area that includes granite countertops, tile flooring, carpet, solid wood cabinets and forced air heating. The property includes an artificial lawn for low cost landscaping maintenance. Conveniently located to access the newly renovated Downtown Los Angeles area.

Last Agent to Sell the Property

Kevin Via

Compass License #02042474 Listed on: 01/09/2020

Compass

Last Buyer's Agent

Sreehari Kommalapati

FIRST FEDERAL BANCORP License #01927996

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,140

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 5,324 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,640 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 71
  • Tax Tract Number 4449
  • Assessor Parcel Number 6073008008

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $10,200
  • Water Sewer Expense $2,400
  • Operating Expense $13,000
  • Gross Income $76,800
  • Net Operating Income $63,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,140

Year Built

Built in 2020 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR2
  • New Construction: Yes
  • Property Type: Residential Income
  • Parcel Number: 6073008008
  • Year Built: 2020
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One, Two
  • Price Per Square Foot: 245.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5324.00
  • Lot Size Acres: 0.1222

Multi Family

  • Gross Income: 76800.00
  • Gross Scheduled Income: 76800.00
  • Insurance Expense: 10200.00
  • Lot Size Area: 5324.0000 Square Feet
  • Net Operating Income: 63800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 13000.00
  • Rent Control: No
  • Total Expenses: 13000.00

Tax Info

  • Tax Census Tract: 2411.10
  • Tax Lot: 71
  • Tax Tract Number: 4449

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2021
Sold by
Castro Juan Carlos and Castro Santiago
Bought by
Castro Juan Carlos and Martinez Hector J
Current Estimated Value
$1,098,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Outstanding Balance
$330,264
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$768,315

Purchase Details

Listed on
Jan 9, 2020
Closed on
Mar 19, 2020
Sold by
Raghavasugosh Shubha
Bought by
Castro Juan Carlos and Castro Santiago Castro
Seller's Agent
Kevin Via
Compass
Buyer's Agent
Sreehari Kommalapati
FIRST FEDERAL BANCORP
List Price
$895,000
Sold Price
$895,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.80%
Original Mortgage
$480,000
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jan 9, 2020
Closed on
Feb 13, 2020
Sold by
Raghavasugosh Subha
Bought by
Raghavasugosh Shubha
Seller's Agent
Kevin Via
Compass
Buyer's Agent
Sreehari Kommalapati
FIRST FEDERAL BANCORP
List Price
$895,000
Sold Price
$895,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jan 9, 2020
Closed on
Jan 14, 2020
Sold by
Ocean Development Inc
Bought by
Raghavansugosh Shubha
Seller's Agent
Kevin Via
Compass
Buyer's Agent
Sreehari Kommalapati
FIRST FEDERAL BANCORP
List Price
$895,000
Sold Price
$895,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$666,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 15, 2019
Closed on
May 23, 2019
Sold by
Bell Fulton L and Bell Shirley
Bought by
Ocean Development Inc
Seller's Agent
Giovanni Gallardi
Cal American Homes
Buyer's Agent
Vilma Flores
Calhomes Realty
List Price
$415,000
Sold Price
$380,000
Premium/Discount to List
-$35,000
-8.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
240.00%
Original Mortgage
$553,000
Interest Rate
4.2%
Mortgage Type
Second Mortgage Made To Cover Down Payment

Purchase Details

Closed on
Jan 27, 2012
Sold by
Bell Fulton Leon
Bought by
Bell Fulton L and 2012 Fulton L Bell Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Castro Juan Carlos -- Provident Title Company
Castro Juan Carlos $960,000 Provident Title Company
Raghavasugosh Shubha -- Lawyers Title Burbank
Raghavansugosh Shubha $895,000 Lawyers Title
Ocean Development Inc $380,000 Ticor Title Company
Bell Fulton L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castro Juan Carlos $365,000
Closed Castro Juan Carlos $480,000
Previous Owner Raghavansugosh Shubha $666,750
Previous Owner Ocean Development Inc $553,000
Previous Owner Ocean Development Inc $553,000
Previous Owner Bell Fulton L $553,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2020 02/20/20 Sold $895,000 0.0% $246 / Sq Ft
01/09/2020 01/09/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $895,000 +135.5% $246 / Sq Ft
06/11/2019 06/11/19 Sold $380,000 0.0% $378 / Sq Ft
04/24/2019 04/24/19 Off Market $380,000 -- --
04/16/2019 04/16/19 Pending -- -- --
04/15/2019 04/15/19 For Sale $415,000 -- $413 / 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 $13,140 $1,059,666 $542,878 $516,788
2024 $13,140 $1,038,889 $532,234 $506,655
2023 $12,889 $1,018,520 $521,799 $496,721
2022 $12,299 $998,550 $511,568 $486,982
2021 $12,029 $969,945 $495,076 $474,869
2020 $5,116 $387,600 $304,164 $83,436
2019 $578 $20,384 $9,645 $10,739
2018 $516 $19,985 $9,456 $10,529
2016 $478 $19,211 $9,090 $10,121
2015 $469 $18,923 $8,954 $9,969
2014 $474 $18,553 $8,779 $9,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20038014

California Regional Multiple Listing Service (CRMLS)

APN: 6073-008-008