NOT LISTED FOR SALE

Estimated Value: $762,535 - $913,000

5 Beds
2 Baths
1,800 Sq Ft
$451/Sq Ft Est. Value

Last Sold November 20, 2020

Last sale price $650,000 $361 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,987/month

10 Days on Market

Highlights

  • Laundry Room
  • Wall Furnace
  • 1-minute walk to Augustus F. Hawkins Natural Park

About This Home

As of November 2020

PRIME LA AREA , GREAT FOR INCOME OR OWNER OCC WITH RENTAL UNIT, 3 BR 1 BA UPSTAIRS AND LOWER UNIT IS 2 BR 1 BA

Last Agent to Sell the Property

Betty Del Rio

BEST MORTGAGE & REALTY License #00872074 Listed on: 08/27/2020

Last Buyer's Agent

Carlos Prado

THE IVRI GROUP, INC. License #02062983

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,636

Year Built

  • Built in 1988

Lot Details

  • 5,297 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 1,800 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 40
  • Tax Tract Number 2291
  • Assessor Parcel Number 5104029010

Community Details

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $598,830
  • Water Sewer Expense $2,400
  • New Taxes Expense $5,310
  • Operating Expense $8,308
  • Gross Income $18,000

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,636

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5104029010
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 361.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5297.00
  • Lot Size Acres: 0.1216

Multi Family

  • Gross Income: 18000.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 598830.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5297.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Rent Control: Yes
  • Total Expenses: 8308.00

Tax Info

  • New Taxes Expense: 5310.00
  • Tax Census Tract: 2291.00
  • Tax Lot: 40
  • Tax Tract Number: 2291.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2020
Closed on
Nov 6, 2020
Sold by
Rivas Will Antonio Hernandez and Velasquez Elsi M
Bought by
Morales Dan Isai Lares and Lares Gabina
Seller's Agent
Betty Del Rio
BEST MORTGAGE & REALTY
Buyer's Agent
Carlos Prado
THE IVRI GROUP, INC.
List Price
$625,000
Sold Price
$650,000
Premium/Discount to List
$25,000
4%
Current Estimated Value
$811,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,134
Avg. Annual Appreciation
4.58%
Original Mortgage
$638,226
Outstanding Balance
$567,930
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$243,204

Purchase Details

Listed on
Jul 20, 2015
Closed on
Dec 1, 2015
Sold by
Nungaray Juan D
Bought by
Rivas Will Antonio Hernandez and Velasquez Elsi M
Seller's Agent
Louie Gutierrez
24 Hour Real Estate
Buyer's Agent
Francine Garcia
BEST MORTGAGE & REALTY
List Price
$399,900
Sold Price
$399,000
Premium/Discount to List
-$900
-0.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.66%
Original Mortgage
$391,773
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 23, 2011
Sold by
Riverhawk Property Management Llc
Bought by
Nungaray Juan D and Rivera Roxana I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,409
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 31, 2011
Sold by
Sanchez Maria Margarita
Bought by
Riverhawk Property Management Llc

Purchase Details

Closed on
Oct 25, 2010
Sold by
Sanchez Maria Margarita
Bought by
Coronel Ulises

Purchase Details

Closed on
Jun 28, 2006
Sold by
Quiroz Inocencia
Bought by
Sanchez Maria Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2006
Sold by
Quiroz Inocencia
Bought by
Quiroz Inocencia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 1996
Sold by
Quiroz Inocencia
Bought by
Quiroz Inocencia and Garcia Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,518
Interest Rate
7.85%
Mortgage Type
FHA
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
Morales Dan Isai Lares $650,000 Clearmark Title
Lares Gerver Ivan -- Clearmark Title
Rivas Will Antonio Hernandez $399,000 Old Republic Title Company
Nungaray Juan D $260,000 Fidelity National Title Co
Riverhawk Property Management Llc -- Fidelity National Title Co
Coronel Ulises -- None Available
Sanchez Maria Margarita $555,000 Landsafe Title
Quiroz Inocencia -- Landsafe Title
Quiroz Inocencia -- Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Dan Isai Lares $638,226
Previous Owner Rivas Will Antonio Hernandez $391,773
Previous Owner Nungaray Juan D $253,409
Previous Owner Sanchez Maria Margarita $444,000
Previous Owner Quiroz Inocencia $111,000
Previous Owner Quiroz Inocencia $148,518
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2020 11/20/20 Sold $650,000 +4.0% $361 / Sq Ft
09/06/2020 09/06/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $625,000 +56.6% $347 / Sq Ft
01/25/2016 01/25/16 Sold $399,000 -0.2% $222 / Sq Ft View Prior Sale
12/04/2015 12/04/15 Pending -- -- --
06/02/2015 06/02/15 For Sale $399,900 -- $222 / 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 $8,636 $703,578 $387,510 $316,068
2024 $8,636 $689,783 $379,912 $309,871
2023 $8,472 $676,259 $372,463 $303,796
2022 $8,082 $663,000 $365,160 $297,840
2021 $7,980 $650,000 $358,000 $292,000
2020 $5,521 $431,889 $280,349 $151,540
2019 $5,310 $423,421 $274,852 $148,569
2018 $5,197 $415,119 $269,463 $145,656
2016 $3,996 $318,310 $212,207 $106,103
2015 $3,939 $313,530 $209,020 $104,510
2014 $3,963 $307,389 $204,926 $102,463
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20176837

California Regional Multiple Listing Service (CRMLS)

APN: 5104-029-010