NOT LISTED FOR SALE

1438 Murchison St Los Angeles, CA 90033

Boyle Heights Neighborhood

Estimated Value: $964,714

6 Beds
5 Baths
2,033 Sq Ft
$475/Sq Ft Est. Value

Last Sold August 16, 2017

Last sale price $675,000 $332 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,986/month

98 Days on Market

About This Home

As of August 2017

GREAT INVESTOR OPPORTUNITY: 4 UNITS PLUS A LARGE STORAGE COMMERCIAL BUILDING 20.0' X 33.0' RENTED AS STUDIO. LOCATED NEAR ELEMENTARY SCHOOLS ACROSS THE STREET, PARKS, FREEWAYS, AND LAC-USC HOSPITAL AND CSULA (CALIFORNIA STATE UNIVERSITY OF LOS ANGELES). OWNER HAS MADE MANY UPGRADES, recess lighting, new cabinets, new toilets, hard wood floor in some of the units, custom windows in some units, new wooden sliding gate, call for a lists of upgrades. CURRENT STABLE LONG TERM TENANTS.

Last Agent to Sell the Property

Richard Montano

REALTY WORLD CALIFORNIA PROPERTIES License #00878810 Listed on: 04/17/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 7,774 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • 5 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • 2,033 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 2031
  • Assessor Parcel Number 5202012006

Community Details

Overview

  • 5 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $46,776

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5202012006
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 332.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 7774.00

Multi Family

  • Gross Income: 46776.00
  • Gross Scheduled Income: 46776.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2031.00
  • Tax Lot: 6
  • Tax Tract Number: 2031

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2024
Sold by
Fung Kin Yang and Fung Linh Oan
Bought by
Kin Yang Fung And Linh Oan Fung Revocable Liv and Fung
Current Estimated Value
$964,714

Purchase Details

Closed on
May 25, 2017
Sold by
Castellanos Gloria
Bought by
Knc Starlight Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.88%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Mar 6, 2014
Closed on
Jun 10, 2014
Sold by
Moore Ian
Bought by
Castellanos Gloria
Seller's Agent
Ramon Cardenas
Century 21 Allstars
Buyer's Agent
Richard Montano
REALTY WORLD CALIFORNIA PROPERTIES
List Price
$374,000
Sold Price
$364,000
Premium/Discount to List
-$10,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%
Original Mortgage
$291,000
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 3, 2012
Sold by
Soriano Celia J
Bought by
Moore Ian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,750
Interest Rate
3.47%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kin Yang Fung And Linh Oan Fung Revocable Liv -- None Listed On Document
Kin Yang Fung And Linh Oan Fung Revocable Liv -- None Listed On Document
Knc Starlight Llc $398,000 Chicago Title Company
Castellanos Gloria $364,000 Stewart Title
Moore Ian $277,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Knc Starlight Llc $40,000
Previous Owner Castellanos Gloria $291,000
Previous Owner Moore Ian $207,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/16/2017 08/16/17 Sold $675,000 0.0% $332 / Sq Ft
04/17/2017 04/17/17 For Sale $675,000 +85.4% $332 / Sq Ft
07/10/2014 07/10/14 Sold $364,000 -2.7% $160 / Sq Ft View Prior Sale
06/04/2014 06/04/14 Pending -- -- --
03/06/2014 03/06/14 For Sale $374,000 +35.0% $165 / Sq Ft
04/10/2013 04/10/13 Sold $277,000 -20.9% $122 / Sq Ft View Prior Sale
02/10/2013 02/10/13 Pending -- -- --
08/18/2011 08/18/11 For Sale $349,980 -- $154 / 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 $11,348 $911,576 $636,724 $274,852
2024 $11,224 $893,703 $624,240 $269,463
2023 $11,011 $876,180 $612,000 $264,180
2022 $10,508 $859,000 $600,000 $259,000
2021 $8,819 $709,544 $446,750 $262,794
2020 $8,905 $702,270 $442,170 $260,100
2019 $8,562 $688,500 $433,500 $255,000
2018 $8,413 $675,000 $425,000 $250,000
2016 $4,710 $369,550 $221,730 $147,820
2015 $4,645 $364,000 $218,400 $145,600
2014 $3,709 $278,256 $190,862 $87,394
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Richard Montano

    REALTY WORLD CALIFORNIA PROPERTIES

    Section Image
  • Ramon Cardenas

    Seller's Agent in 2014

    Ramon Cardenas

    Century 21 Allstars

    (562) 746-6674

    1 in this area

    39 Total Sales

    Ramon Cardenas
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB17082079

California Regional Multiple Listing Service (CRMLS)

APN: 5202-012-006

California Los Angeles County Los Angeles 90033 Boyle Heights

1438 Murchison St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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