NOT LISTED FOR SALE

Estimated Value: $735,000 - $1,020,000

7 Beds
4 Baths
2,873 Sq Ft
$306/Sq Ft Est. Value

Last Sold December 24, 2014

Last sale price $460,000 $160 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $5,542/month

7 Days on Market

About This Home

As of December 2014

Desirable Triplex located near Downtown, Staple Center, LA Live, USC, and Nokia Theatre. Proximity to 110, 10, 5, and 60 freeways, allows for easy commutes. All three units are detached, for added privacy, and ample parking in the rear with access via large Iron Gate. First unit is a 2 Bedroom 1 Bathroom with tile floors, new paint, new lighting fixtures and an updated kitchen with granite counter and new cabinets. There is new carpet throughout and dual pane windows for peace for quiet. Second unit is 3 Bedroom 2 Bathroom has tile floor, dual pane windows, ceiling fans but will need some update. Third unit is 2 Bedroom 1 Bathroom in the rear and will also need some update. This is high income potential for investors or for owners to live-in and rent out the rest. An excellent opportunity to own a home near booming Downtown LA.

Last Agent to Sell the Property

TIMOTHY PAI

No Firm Affiliation License #01786441 Listed on: 08/08/2014

No Firm Affiliation

Last Buyer's Agent

George Gusman

Century 21 Allstars License #01112083

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 8,672 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Parking Spaces

Home Design

  • 2,873 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 2270
  • Assessor Parcel Number 5119030007

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,900
  • Net Operating Income $32,760

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5119030007
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 160.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Water Available

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 8672.00
  • Lot Size Acres: 0.1990

Multi Family

  • Gross Income: 3900.00
  • Gross Scheduled Income: 46800.00
  • Lot Size Area: 8672.0000 Square Feet
  • Net Operating Income: 32760.00
  • 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: 14040.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 14
  • Tax Tract Number: 2270
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2016
Sold by
Rivas Juan Jose and Fernandez Estuardo F
Bought by
Cruz Genaro and Flores Mariana
Current Estimated Value
$930,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,675
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 8, 2014
Closed on
Dec 12, 2014
Sold by
Coton Delhy Lisama Macario and Fernandez Delhy
Bought by
Fernandez Estuardo F
Seller's Agent
TIMOTHY PAI
No Firm Affiliation
Buyer's Agent
George Gusman
Century 21 Allstars
List Price
$439,000
Sold Price
$460,000
Premium/Discount to List
$21,000
4.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.03%

Purchase Details

Closed on
Aug 21, 2014
Sold by
Capstone Equity Fund Llc
Bought by
Rivas Juan and Fernandez Estuardo F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,776
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 16, 2014
Sold by
Ramirez Paulino
Bought by
Capstone Equity Fund Llc

Purchase Details

Closed on
Mar 7, 2002
Sold by
Herrera Maria and Herrera Abel
Bought by
Herrera Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.75%
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
Cruz Genaro $570,000 Old Republic Title Company
Fernandez Estuardo F -- Fidelity National Title Co
Rivas Juan -- Fidelity National Title
Rivas Juan $460,000 Fidelity National Title Co
Capstone Equity Fund Llc $305,000 None Available
Herrera Raul -- Old Republic Title
Ramirez Paulino $180,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cruz Genaro $559,675
Previous Owner Rivas Juan $445,776
Previous Owner Ramirez Paulino $144,000
Closed Ramirez Paulino $18,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/24/2014 12/24/14 Sold $460,000 +4.8% $160 / Sq Ft
08/15/2014 08/15/14 Pending -- -- --
08/08/2014 08/08/14 For Sale $439,000 -- $153 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,392 $661,528 $313,355 $348,173
2024 $8,392 $648,558 $307,211 $341,347
2023 $8,238 $635,842 $301,188 $334,654
2022 $7,870 $623,376 $295,283 $328,093
2021 $7,765 $611,154 $289,494 $321,660
2020 $7,837 $604,888 $286,526 $318,362
2019 $7,542 $593,028 $280,908 $312,120
2018 $7,356 $581,400 $275,400 $306,000
2016 $5,922 $467,014 $274,117 $192,897
2015 $5,839 $460,000 $270,000 $190,000
2014 $4,101 $305,300 $156,659 $148,641
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14169405

California Regional Multiple Listing Service (CRMLS)

APN: 5119-030-007