$690,000
SOLD NOV 27, 2017
7 Beds
3 Baths
3,258 Sq Ft
6,684 Sq Ft Lot

Recently Sold

$212 Per Sq Ft

2% Above List Price

77 Days on Market

Highlights

  • Living Room with Fireplace
  • Spanish Architecture
  • Ground Level Unit
  • Wood Flooring
  • Corner Lot
  • 1 Car Garage

About This Home

As of November 2017

BACK ON THE MARKET AND A BETTER DEAL THAN BEFORE. The rear Units now Vacant! Huge Corner lot property. Front house features 3 bedrooms and 1 bath. Rear duplex features 2 units with 2 beds and 1 bath each. All units have W/D hookups inside and have been well-maintained. Seller reports that units just passed inspection by city of LA. New roof, new electrical panel, some new windows, Smoke and CO2 detectors. Buyer to conduct due diligence. There is a carport, a garage and a storage room. Solid, bread and butter property with room to update and upgrade and capture tons of upside potential. Front house is tenant occupied. Property subject to LA City rent control. Available for viewing with accepted offer. See Private Remarks.

Last Agent to Sell the Property

Nick Cates

Pacific Playa Realty License #01761836 Listed on: 09/02/2017

Pacific Playa Realty

Last Buyer's Agent

Clarence McDuffie

Clarence McDuffie Jr. License #01510230

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,759

Year Built

  • Built in 1938

Lot Details

  • 6,684 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Garage
  • 4 Open Parking Spaces
  • Attached Carport

Home Design

  • Triplex
  • Spanish Architecture
  • Stucco

Interior Spaces

  • 3,258 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Living Room with Fireplace
  • Laundry in unit

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating System
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gas, water
  • Assessor Parcel Number 6034-028-024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,759

Year Built

Built in 1938

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Ground Level, Two
  • Street Number Display: Yes
  • Advertising Remarks: BACK ON THE MARKET AND A BETTER DEAL THAN BEFORE. The rear Units now Vacant! Huge Corner lot property. Front house features 3 bedrooms and 1 bath. Rear duplex features 2 units with 2 beds and 1 bath each. All units have W/D hookups inside and have been well-maintained. Seller reports that units just passed inspection by city of LA. New roof, new electrical panel, some new windows, Smoke and CO2 detectors. Buyer to conduct due diligence. There is a carport, a garage and a storage room. Solid, bread and butter property with room to update and upgrade and capture tons of upside potential. Front house is tenant occupied. Property subject to LA City rent control. Available for viewing with accepted offer.
  • Alley: No
  • Living Area: 3258
  • Year Built: 1938
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Interior Amenities: Crown Moldings
  • Number Carpet: 3
  • Number Range: 0
  • Number Refrigerator: 0
  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Hardwood
  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Built-Ins
  • Price Per S Q F T: 207.18

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Number Patio: 1
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 4
  • Garage Structures: 1
  • Number Rented Garages: 0
  • Parking Garage: Carport Attached, Garage - 1 Car, Garage Is Detached
  • Total Parking: 6

Utilities

  • Water Heater: Gas
  • Heating: Forced Air, Wall
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 1
  • Water: Meter on Property

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Value: 57343
  • Assessed Land Value: 27310
  • Assessor Parcel Number: 6034-028-024
  • Geocode Override: No
  • Lot Location: Corner Lot
  • Lot Size Area: 6684

Rental Info

  • Number Leased: 3
  • Total Actual Rent: 10800.00
  • Land Lease Type: Fee
  • Owner Pays: Gas, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17.70
  • Number Of Units: 3
  • Number Wall A C: 1
  • Rent Control: 100
  • Total Annual Expense: 12000
  • Type Of Units: Triplex
  • Vacancy Rate: 3%

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2017
Closed on
Oct 18, 2017
Sold by
Ng Terry Gock and Ng Sydney
Bought by
Pacheco Abron Avilez
Seller's Agent
Nick Cates
Pacific Playa Realty
Buyer's Agent
Clarence McDuffie
Clarence McDuffie Jr.
List Price
$675,000
Sold Price
$690,000
Premium/Discount to List
$15,000
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%
Original Mortgage
$517,500
Interest Rate
3.91%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $690,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $831,350 New Conventional
Closed $517,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2024 08/21/24 For Sale $1,100,000 +59.4% $338 / Sq Ft
11/27/2017 11/27/17 Sold $690,000 +2.2% $212 / Sq Ft
11/18/2017 11/18/17 Pending -- -- --
10/10/2017 10/10/17 For Sale $675,000 0.0% $207 / Sq Ft
10/10/2017 10/10/17 Price Changed $675,000 -2.2% $207 / Sq Ft
10/04/2017 10/04/17 Off Market $690,000 -- --
09/02/2017 09/02/17 For Sale $595,000 -- $183 / Sq Ft
Source: The MLS

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 $9,759 $785,098 $682,696 $102,402
2024 $9,759 $769,705 $669,310 $100,395
2023 $9,579 $754,614 $656,187 $98,427
2022 $9,148 $739,819 $643,321 $96,498
2021 $9,022 $725,313 $630,707 $94,606
2020 $9,109 $717,876 $624,240 $93,636
2019 $8,759 $703,800 $612,000 $91,800
2018 $8,651 $690,000 $600,000 $90,000
2017 $1,429 $86,345 $27,856 $58,489
2016 $1,358 $84,653 $27,310 $57,343
2015 $1,343 $83,382 $26,900 $56,482
2014 $1,371 $81,750 $26,374 $55,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-266670

The MLS

APN: 6034-028-024