NOT LISTED FOR SALE

Estimated Value: $720,000 - $793,000

5 Beds
3 Baths
1,370 Sq Ft
$542/Sq Ft Est. Value

Last Sold July 17, 2023

Last sale price $720,000 $526 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,798/month

14 Days on Market

Highlights

  • City Lights View
  • Granite Countertops
  • Hiking Trails
  • Open Floorplan
  • No HOA
  • Living Room

About This Home

As of July 2023

Welcome to this well-kept duplex in the city of Los Angeles! This property has one vacancy ready for you to pick your next tenant or to move into while you collect passive income! This lot also features a long gated driveway and 2-car garage perfect to avoid busy LA streets. Located just a few minutes away from various amenities, such as the 110, 10, and 105 freeways, schools, Downtown LA, Crypto.com Arena & LAX this home won’t last! Buyer is responsible for verifying all square footage, permits, etc.

Last Agent to Sell the Property

Mark Perez

Circle Real Estate License #01279393 Listed on: 05/11/2023

Circle Real Estate

Last Buyer's Agent

Miguel Garcia Loor

Champions Real Estate License #02119080

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,989

Year Built

  • Built in 1926

Lot Details

  • 5,644 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway

Property Views

  • City Lights
  • Mountain
  • Neighborhood

Home Design

  • Duplex

Interior Spaces

  • 1,370 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Family Room
  • Living Room

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace
  • Septic Type Unknown

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 12 / F
  • Tax Tract Number 2
  • Assessor Parcel Number 5101031027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $20,172
  • Net Operating Income $20,172

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,989

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 349500
  • Property Attached: No
  • View: Yes
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5101031027
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Open Floorplan
  • Stories: 1
  • Entry Location: Main Floor
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 11
  • Price Per Square Foot: 525.55
  • Room Type: Family Room, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • View: City Lights, Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Paved, Garage, On Site, Private
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Gas Oven, Gas Range, Range Hood
  • Heating Type: Wall Furnace
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Hiking, Park, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5644.00
  • Lot Size Acres: 0.1296

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 20172.00
  • Gross Scheduled Income: 20172.00
  • Lot Size Area: 5644.0000 Square Feet
  • Net Operating Income: 20172.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Actual Rent: 1570.00

Tax Info

  • Tax Block: F
  • Tax Census Tract: 2328.00
  • Tax Lot: 12
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2023
Closed on
Jul 7, 2023
Sold by
Mfpb Llc
Bought by
Flores Jose Daniel Maldo
Seller's Agent
Mark Perez
Circle Real Estate
Buyer's Agent
Miguel Garcia Loor
Champions Real Estate
List Price
$699,000
Sold Price
$720,000
Premium/Discount to List
$21,000
3%
Views
190
Current Estimated Value
$743,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,106
Avg. Annual Appreciation
1.52%
Original Mortgage
$706,959
Outstanding Balance
$691,481
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$51,625

Purchase Details

Closed on
Apr 21, 2011
Sold by
North America Real Estate Master Fund Ll
Bought by
Mfpb Llc

Purchase Details

Closed on
Jul 24, 1997
Sold by
Cade Ruth M
Bought by
Ruth Marie Cade Revocable Living Trust

Purchase Details

Closed on
Apr 1, 1996
Sold by
Cade Ruth Marie
Bought by
Ruth Marie Cade Revocable Living Trust
Source: Public Records

Range of Values:

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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
Flores Jose Daniel Maldo $720,000 California Best Title
Mfpb Llc $65,000 California Title Company
Ruth Marie Cade Revocable Living Trust -- --
Ruth Marie Cade Revocable Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flores Jose Daniel Maldo $706,959
Previous Owner Mfpb Llc $384,000
Previous Owner Mfpb Llc $252,000
Previous Owner Mfpb Llc $79,000
Previous Owner Mfpb Llc $69,533
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2023 07/17/23 Sold $720,000 +3.0% $526 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $699,000 -- $510 / 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 $8,989 $734,400 $530,400 $204,000
2024 $8,989 $720,000 $520,000 $200,000
2023 $3,958 $300,701 $182,614 $118,087
2022 $3,782 $294,806 $179,034 $115,772
2021 $3,732 $289,026 $175,524 $113,502
2020 $3,765 $286,064 $173,725 $112,339
2019 $3,626 $280,456 $170,319 $110,137
2018 $3,501 $274,958 $166,980 $107,978
2016 $3,338 $264,283 $160,497 $103,786
2015 $3,291 $260,315 $158,087 $102,228
2014 $3,314 $255,217 $154,991 $100,226
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS23078802

California Regional Multiple Listing Service (CRMLS)

APN: 5101-031-027