NOT LISTED FOR SALE

1431 W 97th St Los Angeles, CA 90047

Westmont Neighborhood

Estimated Value: $752,000 - $827,280

4 Beds
2 Baths
1,836 Sq Ft
$423/Sq Ft Est. Value

Last Sold September 27, 2019

Last sale price $565,000 $308 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,938/month

13 Days on Market

Highlights

  • Laundry Room
  • Front Yard
  • 1-Story Property

About This Home

As of September 2019

Duplex Property Live In One, Rent The Other. Great Investment Opportunity In Los Angeles Located A Short Drive Away From The New Rams Stadium And Downtown Los Angeles. Both Units Recently Remodeled With Upgrades That Include Laminate Wood Floor, Tile In The Kitchen & Bathroom, Security Camera, Stainless Steel Appliances, New Water Heater. Great Rental Income And Plenty Of Room For Growth. Don't Miss Out On This Opportunity.

Last Agent to Sell the Property

Ray Miramontes

Circle Real Estate License #01931740 Listed on: 08/16/2019

Circle Real Estate

Last Buyer's Agent

Larry Springs

The Service Company Realty License #00967322

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,450

Year Built

  • Built in 1924

Lot Details

  • 5,124 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 3 Open Parking Spaces
  • 1 Car Garage

Interior Spaces

  • 1,836 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 5292
  • Assessor Parcel Number 6055011048

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • New Taxes Expense $8,250
  • Operating Expense $9,450
  • Net Operating Income $43,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,450

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Zoning: LCR2*
  • Property Type: Residential Income
  • Parcel Number: 6055011048
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 307.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5124.00
  • Lot Size Acres: 0.1176

Multi Family

  • Gross Scheduled Income: 53300.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5124.0000 Square Feet
  • Net Operating Income: 43850.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 9450.00
  • Rent Control: No
  • Total Expenses: 9450.00

Tax Info

  • New Taxes Expense: 8250.00
  • Tax Census Tract: 6002.01
  • Tax Lot: 8
  • Tax Tract Number: 5292

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2019
Closed on
Sep 6, 2019
Sold by
Huynh Tai and Doan Vivian Que T
Bought by
Tillman Cayla
Seller's Agent
Ray Miramontes
Circle Real Estate
Buyer's Agent
Larry Springs
The Service Company Realty
List Price
$549,900
Sold Price
$565,000
Premium/Discount to List
$15,100
2.75%
Current Estimated Value
$777,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,070
Avg. Annual Appreciation
5.50%
Original Mortgage
$554,766
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 19, 2016
Closed on
Jan 9, 2017
Sold by
Poellnitz Ludye Hudson
Bought by
Huynh Tai and Doan Vivian Que T
Seller's Agent
Christina Burgess
Option One Realty Group
Buyer's Agent
Liza Lansita McKnight
Century 21 Union Realty
List Price
$435,000
Sold Price
$400,000
Premium/Discount to List
-$35,000
-8.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.50%
Original Mortgage
$413,200
Interest Rate
4.19%
Mortgage Type
VA

Purchase Details

Closed on
Sep 4, 2013
Sold by
Poellnitz Ludye Hudson
Bought by
Poellnitz Ludye Hudson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
2.41%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Sep 20, 2011
Sold by
Poellnitz Ludye Hudson
Bought by
Poellnitz Ludye Hudson and Poellnitz Linda M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tillman Cayla $565,000 Fidelity National Title Co
Huynh Tai $400,000 Provident Title Company
Poellnitz Ludye Hudson -- Title 365
Poellnitz Ludye Hudson -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tillman Cayla $561,660
Closed Tillman Cayla $554,766
Previous Owner Huynh Tai $413,200
Previous Owner Poellnitz Ludye Hudson $525,000
Previous Owner Poellnitz Ludye Hudson $225,000
Previous Owner Poellnitz Ludye Hudson $170,000
Previous Owner Poellnitz Ludye Hudson $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2019 09/27/19 Sold $565,000 +2.7% $308 / Sq Ft
08/30/2019 08/30/19 For Sale $549,900 -2.7% $300 / Sq Ft
08/29/2019 08/29/19 Pending -- -- --
08/28/2019 08/28/19 Off Market $565,000 -- --
08/16/2019 08/16/19 For Sale $549,900 +37.5% $300 / Sq Ft
03/09/2017 03/09/17 Sold $400,000 -8.0% $218 / Sq Ft
01/04/2017 01/04/17 Pending -- -- --
07/19/2016 07/19/16 For Sale $435,000 -- $237 / 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 $8,450 $617,905 $481,202 $136,703
2024 $8,450 $605,790 $471,767 $134,023
2023 $8,142 $593,913 $462,517 $131,396
2022 $7,771 $582,269 $453,449 $128,820
2021 $7,688 $570,853 $444,558 $126,295
2019 $5,784 $416,160 $249,696 $166,464
2018 $5,659 $408,000 $244,800 $163,200
2016 $1,887 $90,309 $14,061 $76,248
2015 $1,863 $88,953 $13,850 $75,103
2014 $1,871 $87,211 $13,579 $73,632
Source: Public Records

Agents Affiliated with this Home

  • Ray Miramontes

    Seller's Agent in 2019

    Ray Miramontes

    Circle Real Estate

    (562) 343-3099

    1 in this area

    93 Total Sales

    Ray Miramontes
    Section Image
  • Larry Springs

    Buyer's Agent in 2019

    Larry Springs

    The Service Company Realty

    (213) 700-2014

    1 in this area

    9 Total Sales

    Larry Springs
    Section Image

  • C

    Seller's Agent in 2017

    Christina Burgess

    Option One Realty Group

  • Liza Lansita McKnight

    Buyer's Agent in 2017

    Liza Lansita McKnight

    Century 21 Union Realty

    (310) 293-4304

    42 Total Sales

    Liza Lansita McKnight
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19196920

California Regional Multiple Listing Service (CRMLS)

APN: 6055-011-048

California Los Angeles County Los Angeles 90047 Westmont

1431 W 97th St, Los Angeles, CA

This home is located at 1431 W 97th St, Los Angeles, CA 90047 since 16 August 2019 and is currently estimated at $777,070, approximately $423 per square foot. This property was built in 1924. 1431 W 97th St is a home located in Los Angeles County with nearby schools including Manhattan Place Elementary School, George Washington Preparatory High School, and Teach Academy Of Technologies.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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