NOT LISTED FOR SALE

Estimated Value: $885,000 - $1,128,000

6 Beds
5 Baths
3,123 Sq Ft
$325/Sq Ft Est. Value

Last Sold January 17, 2019

Last sale price $700,000 $224 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,433/month

48 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Wall Furnace

About This Home

As of January 2019

DON'T MISS OUT ON THIS GREAT OPPORTUNITY!! 5 UNITS APARTMENT LOCATED CLOSE TO DOWNTOWN LOS ANGELES. BUILT ON A 5,248 LOT SIZE, IT OFFERS TWO BUILDINGS IN ONE LOT. FIRST BUILDING HAS 3 UNITS AND SECOND BUILDING HAS 2 UNITS. UPDATED STAIR ACCESS FOR 2ND LEVEL UNITS, UPDATED FENCE AND ROOF.

Last Agent to Sell the Property

Enrique Sifuentes

Pinnacle Estate Properties, Inc. License #01720105 Listed on: 10/29/2018

Pinnacle Estate Properties, Inc.

Last Buyer's Agent

Carlos Estrada

Liberty Investment Group License #01413560

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,025

Year Built

  • Built in 1917

Lot Details

  • 5,260 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • 3,123 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 37
  • Tax Tract Number 2270
  • Assessor Parcel Number 5118009010

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $2,904
  • Water Sewer Expense $5,700
  • New Taxes Expense $6,000
  • Operating Expense $14,604
  • Net Operating Income $47,196

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,025

Year Built

Built in 1917

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 6.47
  • Property Attached: No
  • Water Sewer Expenses: 5700.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5118009010
  • Year Built: 1917
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 224.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5260.00
  • Lot Size Acres: 0.1208

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 11.81
  • Gross Scheduled Income: 61800.00
  • Insurance Expense: 2904.00
  • Lot Size Area: 5260.0000 Square Feet
  • Net Operating Income: 47196.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 14604.00
  • Rent Control: Yes
  • Total Expenses: 14604.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Census Tract: 2270.20
  • Tax Lot: 37
  • Tax Tract Number: 2270

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2018
Closed on
Jan 11, 2019
Sold by
Najera Pedro and Najera Elvira
Bought by
25Th Street Apts Llc
Seller's Agent
Enrique Sifuentes
Pinnacle Estate Properties, Inc.
Buyer's Agent
Carlos Estrada
Liberty Investment Group
List Price
$729,900
Sold Price
$700,000
Premium/Discount to List
-$29,900
-4.1%
Current Estimated Value
$1,013,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,571
Avg. Annual Appreciation
5.80%
Original Mortgage
$525,000
Interest Rate
4.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 23, 2005
Sold by
Mercer Ofelia
Bought by
Najera Pedro and Najera Elvira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2003
Sold by
Mercer Charles
Bought by
Mercer Ofelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,400
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2000
Sold by
Castellanos Rosario
Bought by
Firstar Bank Na

Purchase Details

Closed on
Apr 13, 2000
Sold by
Firstar Bank Na
Bought by
Hud

Purchase Details

Closed on
May 10, 1999
Sold by
Jimenez Florencio and Jimenez Maria
Bought by
Castellanos Rosario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,569
Interest Rate
6.86%
Mortgage Type
FHA
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
25Th Street Apts Llc $700,000 Priority Title Company
Najera Pedro $610,000 Southland Title
Mercer Ofelia -- Stewart Title
Mercer Ofelia $331,000 Stewart Title
Firstar Bank Na $186,801 Benefit Land Title Ins Co
Hud -- Chicago Title Co
Castellanos Rosario $175,000 Gateway Title Company
Castellanos Rosario -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 25Th Street Apts Llc $682,500
Closed 25Th Street Apts Llc $525,000
Previous Owner Najera Pedro H $35,000
Previous Owner Najera Pedro $457,500
Previous Owner Mercer Ofelia $264,400
Previous Owner Castellanos Rosario $173,569
Closed Mercer Ofelia $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2019 01/17/19 Sold $700,000 -4.1% $224 / Sq Ft
12/16/2018 12/16/18 Pending -- -- --
10/29/2018 10/29/18 For Sale $729,900 -- $234 / 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 $10,025 $780,858 $390,429 $390,429
2024 $10,025 $765,548 $382,774 $382,774
2023 $9,843 $750,538 $375,269 $375,269
2022 $9,409 $735,822 $367,911 $367,911
2021 $9,287 $721,396 $360,698 $360,698
2020 $9,374 $714,100 $357,000 $357,100
2019 $7,968 $610,100 $350,000 $260,100
2018 $8,028 $610,100 $350,000 $260,100
2016 $6,500 $492,000 $221,500 $270,500
2015 $5,666 $422,000 $190,000 $232,000
2014 $5,808 $422,000 $190,000 $232,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18261265

California Regional Multiple Listing Service (CRMLS)

APN: 5118-009-010