NOT LISTED FOR SALE

1429 E 65th St Los Angeles, CA 90001

Estimated Value: $758,000 - $899,819

7 Beds
2 Baths
2,232 Sq Ft
$373/Sq Ft Est. Value

Last Sold July 22, 2022

Last sale price $740,000 $332 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,381/month

13 Days on Market

Highlights

  • High Ceiling
  • Built-In Features
  • Laundry Room
  • Lawn
  • Living Room
  • Storage

About This Home

As of July 2022

Charming & unique duplex ideal for an owner-occupied compound or market rent producing units. This gated property features a grassy front yard complete with landscaping. Step up to the sweet front porch perfect for enjoying a cool drink in the summer chatting with neighbors as they pass by.  Upon entering, prepare to be impressed by the huge open living space with high ceilings encompassing the living & dining rooms highlighted by the darling vintage built-in hutch & sparkling chandelier. This is a wonderful place for your loved ones to gather and create memories for generations to come. Ideally connected to the dining room, the kitchen provides plenty of cabinetry & counter space including a breakfast bar + additional dining nook. A sunny laundry room complete with a sink is conveniently near the kitchen, as is an additional walk-in closet for bonus storage. This duplex was originally built by a multigenerational family with 8 children, now providing plenty of space to live & work from home. The main front house provides 5 bedrooms, including 1 with a private entrance, & 1 shared full bathroom. There is even a cellar with a cement pad perfect for more storage. Attached to the front house is the garage rebuilt into a workshop. There is plenty of off-street parking on the long driveway & side-by-side in front of the converted garage. A 2nd lovely garden with roses leads to the freestanding rear unit recently remodeled that has not been occupied since. The spacious living room with laminate flooring is open to the eat-in kitchen upgraded with newer tile flooring, ample cabinetry & neutral countertops. Continue to the laundry area with stackable hookups & adjacent linen storage. The full bathroom is also modernized with newer fixtures as well as tile flooring & shower/tub enclosure. This property is located within just a couple of blocks of the middle & elementary schools, shops, restaurants, parks, Walgreens, Starbucks & Chase Bank. It is also very accessible with public transportation & freeways to vibrant Downtown LA, LAX airport & the best of the Southland. Investing in real estate is an incredible hedge against inflation & rents are appreciating rapidly. Since the property is completely vacant, this is a rare opportunity to purchase multifamily where you can choose your occupants & set the rental rate. This spacious, flexible duplex configuration would accommodate multiple owner user or tenant arrangements. How will you utilize all that it has to offer?

Last Agent to Sell the Property

Gabrielle Herendeen

Estate Properties License #01325858 Listed on: 06/09/2022

Estate Properties

Last Buyer's Agent

Jose Mejia

Jose Mejia, Broker License #01931492

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,213

Year Built

  • Built in 1924

Lot Details

  • 5,886 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Landscaped
  • Lawn
  • Back and Front Yard

Home Design

  • Duplex

Interior Spaces

  • 2,232 Sq Ft Home
  • Built-In Features
  • High Ceiling
  • Living Room
  • Storage
  • Laundry Room
  • Window Bars

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • Driveway

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 5329
  • Assessor Parcel Number 6010018013

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,700
  • Trash Expense $1,000
  • Water Sewer Expense $1,500
  • Operating Expense $4,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,213

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Price Per Unit: 350000
  • Property Attached: No
  • Security: Window Bars
  • View: No
  • Water Sewer Expenses: 1500.00
  • Zoning: LCR3*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6010018013
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features, High Ceilings, Storage
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 331.54
  • Room Type: Kitchen, Laundry, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn
  • Lot Size Sq Ft: 5886.00
  • Lot Size Acres: 0.1351

Multi Family

  • Insurance Expense: 1700.00
  • Lot Size Area: 5886.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 4200.00

Tax Info

  • Tax Lot: 29
  • Tax Tract Number: 5329

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2022
Closed on
Jul 17, 2022
Sold by
Desaree Barrett Separate Property Trust
Bought by
Navarro Betzabeth Salinas and Navarro Sheila Abigail
Seller's Agent
Gabrielle Herendeen
Estate Properties
Buyer's Agent
Jose Mejia
Jose Mejia, Broker
List Price
$700,000
Sold Price
$740,000
Premium/Discount to List
$40,000
5.71%
Current Estimated Value
$831,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,455
Avg. Annual Appreciation
3.86%
Original Mortgage
$661,375
Outstanding Balance
$631,765
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$199,690

Purchase Details

Listed on
Jun 9, 2022
Closed on
Jul 10, 2022
Sold by
Bernabe Vicente Alan
Bought by
Navarro Sheila Abigail Sali
Seller's Agent
Gabrielle Herendeen
Estate Properties
Buyer's Agent
Jose Mejia
Jose Mejia, Broker
List Price
$700,000
Sold Price
$740,000
Premium/Discount to List
$40,000
5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$661,375
Outstanding Balance
$631,765
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$199,690

Purchase Details

Closed on
Nov 18, 2009
Sold by
Barrett Desaree and Josie & Desaree Barrett Family
Bought by
Barrett Desaree and The Desaree Barrett Separate P

Purchase Details

Closed on
Dec 12, 1994
Sold by
Barrett Josise N and Barrett Desaree
Bought by
Barrett Josise N and Barrett Desaree
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
Navarro Betzabeth Salinas $740,000 Chicago Title
Navarro Sheila Abigail Sali -- Chicago Title
Barrett Desaree -- None Available
Barrett Josise N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Navarro Betzabeth Salinas $661,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2022 07/22/22 Sold $740,000 +5.7% $332 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
06/09/2022 06/09/22 For Sale $700,000 -- $314 / 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 $10,213 $769,896 $530,604 $239,292
2024 $10,213 $754,800 $520,200 $234,600
2023 $9,954 $740,000 $510,000 $230,000
2022 $1,425 $30,897 $15,215 $15,682
2021 $1,397 $30,292 $14,917 $15,375
2020 $1,394 $29,983 $14,765 $15,218
2019 $1,373 $29,396 $14,476 $14,920
2018 $1,275 $28,821 $14,193 $14,628
2016 $1,205 $27,704 $13,643 $14,061
2015 $1,193 $27,289 $13,439 $13,850
2014 $1,201 $26,755 $13,176 $13,579
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22122341

California Regional Multiple Listing Service (CRMLS)

APN: 6010-018-013