NOT LISTED FOR SALE

1425 E 59th Place Los Angeles, CA 90001

Estimated Value: $719,000 - $765,000

3 Beds
3 Baths
1,674 Sq Ft
$444/Sq Ft Est. Value

Last Sold January 15, 2020

Last sale price $555,000 $332 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,650/month

24 Days on Market

About This Home

As of January 2020

STANDARD SALE! Great opportunity for first time buyers to live in one and rent the other, or perfect for investors. This Duplex offers the front unit of two bedrooms, one bath plus a bonus third bedroom with its own bathroom. The back unit has one bedroom one bath. Detached 2 car garage. The possibilities here are endless! Centrally located in the growing Los Angeles City, near parks, schools, transportation. Do not miss this opportunity!

Last Agent to Sell the Property

CARLOS CHAVEZ

Adriana Rayo License #01179414 Listed on: 10/20/2019

Co-Listed By

Carlos Chavez

Adriana Rayo License #02015192

Last Buyer's Agent

Kristine Frapwell

First Team Real Estate License #02088391

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,326

Year Built

  • Built in 1925

Lot Details

  • 5,470 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • 1,674 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 5328
  • Assessor Parcel Number 6008023018

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $900
  • Trash Expense $720
  • New Taxes Expense $6,600
  • Operating Expense $8,220
  • Net Operating Income $15,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,326

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LCR3YY
  • Property Type: Residential Income
  • Parcel Number: 6008023018
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 331.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5470.00
  • Lot Size Acres: 0.1256

Multi Family

  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 900.00
  • Lot Size Area: 5470.0000 Square Feet
  • Net Operating Income: 15780.00
  • 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: 8220.00
  • Rent Control: Yes
  • Total Expenses: 8220.00

Tax Info

  • New Taxes Expense: 6600.00
  • Tax Census Tract: 5328.00
  • Tax Lot: 4
  • Tax Tract Number: 5328

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2019
Sold by
Castelan Yyesica Diaz
Bought by
Castelan Alfredo
Current Estimated Value
$742,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2019
Sold by
Perez Benito and Castelan Alfredo
Bought by
Cabrera Joanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2010
Sold by
Novoa Oscar and Novoa Sylvia
Bought by
Perez Benito and Aguilar Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,566
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 24, 2009
Sold by
Keniston Llc
Bought by
Novoa Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Keniston Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2009
Sold by
Bonilla Reyna Montoya
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jul 30, 2007
Sold by
Bonilla Reyna Montoya
Bought by
Montoya Jesus R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,800
Interest Rate
6.51%
Mortgage Type
Unknown

Purchase Details

Closed on
May 5, 2005
Sold by
Castlegate Funding Llc
Bought by
Bonilla Reyna Montoya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,200
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2004
Sold by
Littlejohn Elton
Bought by
Castlegate Funding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
5.76%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 11, 2003
Sold by
Littlejohn Bobbie J
Bought by
Littlejohn Elton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage
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
Castelan Alfredo -- Fidelity National Title Co
Cabrera Joanna $555,000 Fidelity National Title Co
Perez Benito $300,000 Chicago Title
Novoa Oscar $155,000 Pacific Coast Title Company
Keniston Llc $136,000 Ticor Title Tustin Orange Co
Deutsche Bank National Trust Company $226,860 None Available
Montoya Jesus R -- None Available
Bonilla Reyna Montoya $449,000 Equity Title
Castlegate Funding Llc $248,000 --
Littlejohn Elton -- Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cabrera Joanna $527,250
Previous Owner Perez Benito $83,841
Previous Owner Perez Benito $294,566
Previous Owner Novoa Oscar $124,000
Previous Owner Montoya Jesus Reyna $3,800
Previous Owner Bonilla Reyna Montoya $359,200
Previous Owner Castlegate Funding Llc $35,000
Previous Owner Castlegate Funding Llc $0
Previous Owner Littlejohn Elton $120,000
Previous Owner Littlejohn Elton $76,400
Previous Owner Littlejohn Elton $46,743
Closed Bonilla Reyna Montoya $89,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2020 01/15/20 Sold $555,000 +0.9% $332 / Sq Ft
11/13/2019 11/13/19 Pending -- -- --
10/20/2019 10/20/19 For Sale $550,000 -- $329 / 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 $8,326 $606,968 $273,408 $333,560
2024 $8,326 $595,068 $268,048 $327,020
2023 $8,019 $583,401 $262,793 $320,608
2022 $7,651 $571,963 $257,641 $314,322
2021 $7,565 $560,749 $252,590 $308,159
2020 $5,091 $348,191 $152,743 $195,448
2019 $4,947 $344,545 $149,303 $195,242
2018 $4,859 $337,790 $146,376 $191,414
2016 $4,651 $324,675 $140,693 $183,982
2015 $4,582 $319,799 $138,580 $181,219
2014 $4,584 $313,536 $135,866 $177,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19248299

California Regional Multiple Listing Service (CRMLS)

APN: 6008-023-018