NOT LISTED FOR SALE

1438 Rolland Curtis Place Los Angeles, CA 90062

Exposition Park Neighborhood

Estimated Value: $897,403 - $1,043,000

7 Beds
4 Baths
3,024 Sq Ft
$323/Sq Ft Est. Value

Last Sold August 30, 2021

Last sale price $810,000 $268 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,194/month

74 Days on Market

About This Home

As of August 2021

GREAT OPPORTUNITY TO BUY IN ONE OF LOS ANGELES HIGHEST IN DEMAND LOCATION! This property is priced to sell and will not last! Located only 1 mile from The University of Southern California (USC), The Natural History Museum, USC Village, the Figueroa corridor, Exposition Park, the Los Angeles Memorial Coliseum, the new and beautiful Banc of California Stadium home of the LAFC soccer team, the Lucas Museum of Narrative Art development valued at $1 billion. Centrally located a few minutes from Downtown LA. The building is only a short walk to the Metro E Line as well as the Exposition Blvd and Denker Ave bus stop. Therefore, cars are not necessary for the tenants to get around LA.

ONE UNIT TO BE DELIVERED VACANT - 2BD | 1 BA (Unit with Balcony)

The building is eligible for Tier 3 Transit-Oriented Community density bonuses. 1438 Rolland Curtis Place boasts an ideal unit mix of 3 | 2 Bed 1 Bath units & 1 | 1 Bed 1 Bath, each separately metered. All the tenants are current on rents throughout the year, with a rental increase due at the end of June. The building is situated on a bright and lush gated corner in the vibrant city of Los Angeles. With over 80% to market rental income, the building is ideal for a value investor to reposition. The building can support around a 500 Sqft detached ADU in the back lot for additional income, a comprehensive ADU analysis has been completed.

Last Agent to Sell the Property

Derek Branch

Keller Williams Advisors License #02100209 Listed on: 03/22/2021

Co-Listed By

John Alden

Alden Pacific Investments, Inc. License #02114291

Last Buyer's Agent

Derek Branch

Keller Williams Advisors License #02100209 Listed on: 03/22/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,543

Year Built

  • Built in 1912

Lot Details

  • 3,537 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 3,024 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 49
  • Tax Tract Number 87

Community Details

Overview

  • 4 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $200
  • Insurance Expense $700
  • Trash Expense $1,000
  • Water Sewer Expense $1,000
  • New Taxes Expense $8,832
  • Operating Expense $18,000
  • Gross Income $54,636
  • Net Operating Income $36,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,543

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 267.86

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Sewer Paid
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3537.00
  • Lot Size Acres: 0.0812
  • Latitude Manual: 34.01628300

Multi Family

  • Fuel Expense: 200.00
  • Gross Income: 54636.00
  • Gross Scheduled Income: 54636.00
  • Insurance Expense: 700.00
  • Lot Size Area: 3537.0000 Square Feet
  • Net Operating Income: 36600.00
  • 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: 18000.00
  • Rent Control: Yes
  • Total Expenses: 18000.00

Tax Info

  • New Taxes Expense: 8832.00
  • Tax Lot: 49
  • Tax Tract Number: 87.37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2021
Closed on
Aug 26, 2021
Sold by
Interiano Jose Menendez and Morejon Sandra M
Bought by
Valner Arthur and Valner Debora
Seller's Agent
Derek Branch
Keller Williams Advisors
Buyer's Agent
Derek Branch
Keller Williams Advisors
List Price
$799,000
Sold Price
$810,000
Premium/Discount to List
$11,000
1.38%
Current Estimated Value
$975,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,601
Avg. Annual Appreciation
3.19%
Original Mortgage
$607,500
Outstanding Balance
$553,983
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$364,264

Purchase Details

Closed on
Jul 11, 2019
Sold by
Interiano Jose Menendez and Menendez Jose
Bought by
Interiano Jose Menendez and Morejon Sandra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$551,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2015
Sold by
Olivares Manuel
Bought by
Olivares Manuel and Aguirre Chirstina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,760
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 22, 2014
Sold by
Aguilar Ignacia Valle
Bought by
Olivares Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,396
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 4, 2010
Sold by
Shahco Inc
Bought by
Aguilar Ignacia Valle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2010
Sold by
Deutsche Bank Trust Company Americas
Bought by
Shahco Inc

Purchase Details

Closed on
Nov 12, 2008
Sold by
Valdez Modesta
Bought by
Deutsche Bank Trust Company Americas and Bankers Trust Company

Purchase Details

Closed on
Nov 4, 2005
Sold by
Valdez Jose and Valdez Modesta
Bought by
Valdez Modesta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
7.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2004
Sold by
Flores Jose Cruz
Bought by
Valdez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
9.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 3, 2003
Sold by
Valdez Jose and Valdez Modesta
Bought by
Valdez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2003
Sold by
Valdez Jose
Bought by
Valdez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2002
Sold by
Valdez Jose and Flores Jose Cruz
Bought by
Valdez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
10.5%

Purchase Details

Closed on
Apr 5, 1996
Sold by
Diaz Javier P
Bought by
Valdez Jose and Flores Jose Cruz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,350
Interest Rate
7.68%
Mortgage Type
FHA
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
Valner Arthur $810,000 Endpoint Title Inc
Interiano Jose Menendez -- Western Resources Title
Olivares Manuel -- None Available
Olivares Manuel $475,000 Old Republic Title Company
Aguilar Ignacia Valle $300,000 Orange Coast Title Company O
Shahco Inc $185,000 Orange Coast Title Company
Deutsche Bank Trust Company Americas $279,678 None Available
Valdez Modesta -- Diversified Title & Escrow S
Valdez Jose -- Commonwealth Title
Valdez Jose -- --
Valdez Jose -- Investors Title Company
Valdez Jose -- Gateway Title Company
Valdez Jose $119,000 Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valner Arthur $607,500
Previous Owner Interiano Jose Menendez $595,000
Previous Owner Interiano Jose Menendez $551,500
Previous Owner Olivares Manuel $462,760
Previous Owner Olivares Manuel $466,396
Previous Owner Aguilar Ignacia Valle $232,000
Previous Owner Aguilar Ignacia Valle $225,000
Previous Owner Valdez Modesta $415,000
Previous Owner Valdez Modesta $352,000
Previous Owner Valdez Jose $294,000
Previous Owner Valdez Jose $165,000
Previous Owner Valdez Jose $136,000
Previous Owner Valdez Jose $118,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2021 08/30/21 Sold $810,000 -4.7% $268 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
05/07/2021 05/07/21 Price Changed $849,999 +6.4% $281 / Sq Ft
05/05/2021 05/05/21 For Sale $799,000 0.0% $264 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $799,000 -- $264 / 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 $10,543 $859,578 $551,828 $307,750
2024 $10,543 $842,724 $541,008 $301,716
2023 $10,346 $826,200 $530,400 $295,800
2022 $9,874 $810,000 $520,000 $290,000
2021 $8,747 $709,545 $525,589 $183,956
2020 $8,832 $702,270 $520,200 $182,070
2019 $8,490 $688,500 $510,000 $178,500
2018 $8,418 $675,000 $500,000 $175,000
2016 $6,163 $491,878 $343,797 $148,081
2015 $6,075 $484,490 $338,633 $145,857
2014 $4,152 $313,536 $235,152 $78,384
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Derek Branch

    Keller Williams Advisors

    Section Image

  • J

    Seller Co-Listing Agent in 2021

    John Alden

    Alden Pacific Investments, Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21059875

California Regional Multiple Listing Service (CRMLS)

APN: 5036-013-001

California Los Angeles County Los Angeles 90062 Exposition Park

1438 Rolland Curtis Place, Los Angeles, CA

This home is located at 1438 Rolland Curtis Place, Los Angeles, CA 90062 since 22 March 2021 and is currently estimated at $975,601, approximately $322 per square foot. This property was built in 1912. 1438 Rolland Curtis Place is a home located in Los Angeles County with nearby schools including Lenicia B. Weemes Elementary School, Manual Arts Senior High School, and KIPP Scholar Academy.

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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