NOT LISTED FOR SALE

Estimated Value: $850,971

7 Beds
4 Baths
2,755 Sq Ft
$309/Sq Ft Est. Value

Sale Details

Date Sold: August 12, 2022

Last sale price $856,000 $311 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,615 / mo

8 Days on Market

Highlights

  • RV Access or Parking
  • Property is near park and public transit
  • Private Yard
  • City Lights View
  • Victorian Architecture
  • No HOA

About This Home

As of August 2022

Invest or live near the heart of Downtown L.A.! 1429 Constance St. lies in the Pico-Union Historical Preservation Overlay Zone (HPOZ) where you will see a community of beautiful and distinctly styled Victorian, Craftsman & Mission Revival homes, which were designed by well know architects. Easily navigate through the city, to work, school or for fun from nearby bus stops, Metrolink train stations & freeway toll roads. Nearby major attractions: Crypto.com Center, LA Convention Center, LA Live, Regal Cinemas, LAFC stadium & USC college are just blocks away. Nearby shopping at Target, Whole Foods, or the 99 cents store are close for comfort & convenience. The property is situated close to L.A.’s top colleges: USC, Mount St. Mary’s, FIDM, Loyola High, Loyola Law School along with other highly coveted top rated charter schools. The vast lot is gated with private parking for approx. six to ten vehicles or a boat or RV. Another dwelling ADU or square foot extension could be permitted, but has to be under HPOZ guidelines & under RD 1.5 zoning. Please confirm with the city building, safety & zoning department. 1429 Constance needs some TLC but is a fantastic opportunity for Investors, Developers, Contractors, Students & Buyers! Unit A is 1 bed, 1 bath (downstairs, left), Unit B is 3 beds, 1 bath (upstairs, middle), Unit C is 1 bed, 1 bath (downstairs, right) with a separate loft area, Unit D is a studio set up with 1 bath (rear). All with separate electricity, gas, water is shared. Unit A and Unit D are vacant.

Last Agent to Sell the Property

Christopher Rubio-Novack

Rubio Real Estate License #01959226 Listed on: 07/01/2022

Rubio Real Estate

Co-Listed By

Jocelyn Jauregui

Rubio Real Estate License #01958995

Last Buyer's Agent

Jason Reitz

Rock Realty Group License #01147587

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,303 Sq Ft Lot
  • Two or More Common Walls
  • East Facing Home
  • Wrought Iron Fence
  • Private Yard
  • Back and Front Yard

Property Views

  • City Lights
  • Mountain
  • Hills
  • Neighborhood

Home Design

  • Victorian Architecture
  • Quadruplex
  • Major Repairs Completed
  • Fixer Upper
  • Composition Roof

Interior Spaces

  • 2,755 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Gas Range
  • Laundry Located Outside

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Driveway
  • RV Access or Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near park and public transit
  • Urban Location

Utilities

  • No Heating
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • Legal Lot and Block 18 / J
  • Tax Tract Number 224
  • Assessor Parcel Number 5135019018
  • $497 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $400
  • Water Sewer Expense $1,000
  • Operating Expense $6,956
  • Gross Income $33,960
  • Net Operating Income $12,124

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

7,303 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1000.00
  • Zoning: LARD1.5
  • Architectural Style: Victorian
  • Property Condition: Fixer, Repairs Major
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5135019018
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 310.71
  • Window Features: Blinds

Exterior Features

  • Direction Faces: East
  • View: City Lights, Hills, Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, RV Access/Parking, RV Potential

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: No
  • Laundry: Yes
  • Appliances: Gas Range
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Near Public Transit, Park Nearby, Yard
  • Lot Size Sq Ft: 7303.00
  • Lot Size Acres: 0.1677

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone

Multi Family

  • Gross Income: 33960.00
  • Gross Scheduled Income: 19080.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7303.0000 Square Feet
  • Net Operating Income: 12124.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 6956.00
  • Rent Control: Yes
  • Total Expenses: 6956.00

Tax Info

  • Tax Block: J
  • Tax Census Tract: 2243.20
  • Tax Lot: 18
  • Tax Tract Number: 224...
  • TaxOtherAnnualAssessmentAmount: 497.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2022
Closed on
Aug 3, 2022
Sold by
Bought by
Seller's Agent
Christopher Rubio-Novack
Rubio Real Estate
Buyer's Agent
Jason Reitz
Rock Realty Group
List Price
$849,998
Sold Price
$856,000
Premium/Discount to List
$6,002
0.71%
Current Estimated Value
$850,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,029
Avg. Annual Appreciation
-0.15%
Original Mortgage
$700,000
Outstanding Balance
$661,968
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$189,003

Purchase Details

Closed on
Oct 16, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$856,000 Orange Coast Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $700,000
Previous Owner $56,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/12/2022 08/12/22 Sold $856,000 +14.1% $311 / Sq Ft
07/09/2022 07/09/22 Pending -- -- --
07/02/2022 07/02/22 Price Changed $749,998 -11.8% $272 / Sq Ft
07/01/2022 07/01/22 For Sale $849,998 -- $309 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,146 $890,582 $713,714 $176,868
2024 $10,995 $873,120 $699,720 $173,400
2023 $10,840 $856,000 $686,000 $170,000
2022 $3,716 $274,092 $264,914 $9,178
2021 $3,655 $268,719 $259,720 $8,999
2019 $3,556 $260,750 $252,017 $8,733
2018 $3,421 $255,638 $247,076 $8,562
2016 $3,251 $245,714 $237,483 $8,231
2015 $3,208 $242,024 $233,916 $8,108
2014 $3,240 $237,284 $229,334 $7,950
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22144115

California Regional Multiple Listing Service (CRMLS)

APN: 5135-019-018

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