NOT LISTED FOR SALE

Estimated Value: $902,000 - $2,329,000

4 Beds
3 Baths
1,450 Sq Ft
$1,194/Sq Ft Est. Value

Last Sold August 25, 2021

Last sale price $725,000 $500 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $11,427/month

1 Day on Market

About This Home

As of August 2021

Rare opportunity to purchase a wonderful duplex, the front unit has 3 bedrooms and 2 bath with 2 bedrooms 1 bath in the back. Two car garage and a long driveway for parking. This charming Duplex is located a quiet neighborhood. A short distance to metro, DTLA and SoFi Stadium.

Last Agent to Sell the Property

Cathy Perkins

eXp Realty of Southern Ca, Inc License #01332244 Listed on: 07/31/2021

eXp Realty of Southern Ca, Inc

Last Buyer's Agent

Jeremy Thana

AIE Realty Inc License #01877530

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,911

Year Built

  • Built in 1923

Lot Details

  • 6,678 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,450 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 617
  • Tax Tract Number 4511
  • Assessor Parcel Number 6034028002

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,911

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 6034028002
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 500.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6678.00
  • Lot Size Acres: 0.1533

Multi Family

  • Lot Size Area: 6678.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2382.00
  • Tax Lot: 617
  • Tax Tract Number: 4511

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2022
Sold by
Ocean Development Inc
Bought by
Betta Group Llc
Current Estimated Value
$1,731,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,443,750
Interest Rate
6.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 31, 2021
Closed on
Aug 18, 2021
Sold by
Rahmaan Rava El Amin
Bought by
Rahmaan L Ibrahim A
Seller's Agent
Cathy Perkins
eXp Realty of Southern Ca, Inc
Buyer's Agent
Jeremy Thana
AIE Realty Inc
Sold Price
$725,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.17%
Original Mortgage
$644,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 31, 2021
Closed on
Aug 6, 2021
Sold by
Rahmaan L Ibrahim A
Bought by
Ocean Development Inc
Seller's Agent
Cathy Perkins
eXp Realty of Southern Ca, Inc
Buyer's Agent
Jeremy Thana
AIE Realty Inc
Sold Price
$725,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 8, 2018
Sold by
Myers Michael E and Rahmaan Michael
Bought by
Rahmaan Ibrahim A

Purchase Details

Closed on
Oct 22, 2016
Sold by
Myers Agusta G and Myers Revocable Trust
Bought by
Rahmaan L Ibrahim A and Myers Michael E

Purchase Details

Closed on
Aug 10, 2001
Sold by
Myers Agusta G
Bought by
Myers Agusta G and The Myers Revocable Trust
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
Betta Group Llc $1,925,000 Lawyers Title
Rahmaan L Ibrahim A -- First American Title
Ocean Development Inc $725,000 First American Title
Rahmaan Ibrahim A -- None Available
Rahmaan L Ibrahim A -- None Available
Myers Agusta G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Betta Group Llc $1,443,750
Previous Owner Ocean Development Inc $644,000
Previous Owner Ocean Development Inc $200,000
Previous Owner Ocean Development Inc $644,000
Previous Owner Rahmaan L Ibrahim A $244,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2021 08/25/21 Sold $725,000 +34423.8% $500 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/09/2018 07/09/18 Rented $2,100 0.0% --
07/06/2018 07/06/18 Under Contract -- -- --
06/14/2018 06/14/18 For Rent $2,100 -- --
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 $23,911 $2,002,770 $962,370 $1,040,400
2024 $23,911 $1,963,500 $943,500 $1,020,000
2023 $23,447 $1,925,000 $925,000 $1,000,000
2022 $8,808 $725,000 $580,000 $145,000
2021 $3,794 $293,715 $255,738 $37,977
2020 $3,829 $290,704 $253,116 $37,588
2019 $3,687 $285,004 $248,153 $36,851
2018 $737 $48,210 $25,829 $22,381
2016 $689 $46,340 $24,827 $21,513
2015 $681 $45,645 $24,455 $21,190
2014 $698 $44,751 $23,976 $20,775
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21167119

California Regional Multiple Listing Service (CRMLS)

APN: 6034-028-002