NOT LISTED FOR SALE

1441 E 83rd St Los Angeles, CA 90001

Estimated Value: $643,000 - $746,915

3 Beds
2 Baths
1,237 Sq Ft
$565/Sq Ft Est. Value

Last Sold July 26, 2019

Last sale price $460,000 $372 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,223/month

43 Days on Market

About This Home

As of July 2019

This two unit property features a recently updated two bedroom, one bath front unit, and partially updated one bedroom, one bath side unit. New windows throughout, laminated wood flooring, and private front and rear yards for each unit make this a viable investment. This property's census tract number appears to be located within a California Designated Qualified Opportunity Zone. Close to shopping, transportation, and local conveniences.

Last Agent to Sell the Property

Michael Williams

Compass License #01266428 Listed on: 05/09/2019

Compass

Last Buyer's Agent

Christian Wilson

Legacy Real Estate License #01982467

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 7,721 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 3 Car Garage

Home Design

  • 1,237 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 9,10
  • Tax Tract Number 5351
  • Assessor Parcel Number 6028014004

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,292
  • Water Sewer Expense $780
  • New Taxes Expense $4,893
  • Operating Expense $6,965
  • Gross Income $2,250
  • Net Operating Income $20,035

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 780.00
  • Zoning: LCR3YY
  • Property Type: Residential Income
  • Parcel Number: 6028014004
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 371.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 7721.00
  • Lot Size Acres: 0.1772

Multi Family

  • Gross Income: 2250.00
  • Gross Scheduled Income: 27000.00
  • Insurance Expense: 1292.00
  • Lot Size Area: 7721.0000 Square Feet
  • Net Operating Income: 20035.00
  • 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: 6965.00
  • Rent Control: Yes
  • Total Expenses: 6965.00

Tax Info

  • New Taxes Expense: 4893.00
  • Tax Census Tract: 5351.01
  • Tax Lot: 9,10
  • Tax Tract Number: 5351.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2019
Closed on
Jul 11, 2019
Sold by
Perkins Mckinley
Bought by
Perkins Pamela
Seller's Agent
Michael Williams
Compass
Buyer's Agent
Christian Wilson
Legacy Real Estate
List Price
$435,000
Sold Price
$460,000
Premium/Discount to List
$25,000
5.75%
Current Estimated Value
$699,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,479
Avg. Annual Appreciation
6.66%
Original Mortgage
$451,668
Outstanding Balance
$394,057
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$305,422

Purchase Details

Listed on
May 9, 2019
Closed on
Jul 2, 2019
Sold by
Perkins Pamela and The Pamela Perkins Revocable T
Bought by
Hale Gregory
Seller's Agent
Michael Williams
Compass
Buyer's Agent
Christian Wilson
Legacy Real Estate
List Price
$435,000
Sold Price
$460,000
Premium/Discount to List
$25,000
5.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,668
Outstanding Balance
$394,057
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$305,422

Purchase Details

Closed on
Jun 29, 2017
Sold by
Perkins Pamela
Bought by
Perkins Pamela and Pamela Perkins Revocable Trust

Purchase Details

Closed on
May 26, 2006
Sold by
Hudson Mina and Perkins Pamela
Bought by
Perkins Pamela

Purchase Details

Closed on
Jan 20, 1999
Sold by
Kizzie Gussie B
Bought by
Hudson Mina and Perkins Pamela
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
Perkins Pamela -- Fidelity National Title Co
Hale Gregory $460,000 Fidelity National Title Co
Perkins Pamela -- None Available
Perkins Pamela -- None Available
Hudson Mina -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hale Gregory $451,668
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2019 07/26/19 Sold $460,000 +5.7% $372 / Sq Ft
06/21/2019 06/21/19 Pending -- -- --
05/09/2019 05/09/19 For Sale $435,000 -- $352 / 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 $7,087 $503,074 $300,751 $202,323
2024 $7,087 $493,210 $294,854 $198,356
2023 $6,801 $483,540 $289,073 $194,467
2022 $6,494 $474,059 $283,405 $190,654
2021 $6,423 $464,765 $277,849 $186,916
2020 $6,470 $460,000 $275,000 $185,000
2019 $1,347 $28,509 $14,033 $14,476
2018 $1,292 $27,951 $13,758 $14,193
2016 $1,239 $26,868 $13,225 $13,643
2015 $1,227 $26,466 $13,027 $13,439
2014 $1,927 $25,948 $12,772 $13,176
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB19104979

California Regional Multiple Listing Service (CRMLS)

APN: 6028-014-004