NOT LISTED FOR SALE

1509 E 108th St Los Angeles, CA 90059

Watts Neighborhood

Estimated Value: $857,000 - $1,051,583

7 Beds
4 Baths
3,219 Sq Ft
$294/Sq Ft Est. Value

Last Sold September 07, 2021

Last sale price $780,000 $242 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,926/month

127 Days on Market

About This Home

As of September 2021

Great investment opportunity! This duplex features a large and recently remolded 3 bedroom 2 bathroom front house with an open floor plan. The back house is a 4 bedroom 2 bath fully remolded home. This property sits on an oversized lot with a long driveway for plenty of parking and a 2 car garage. Each unit is separately metered. Both units are rented and are close to market rents, but with rental upside.

Last Agent to Sell the Property

Jose Camejo

SILVER RIDGE PARTNERS, INC. License #01956236 Listed on: 03/10/2021

Last Buyer's Agent

Roxana Perkinson

Big Block Powerhouse Realty License #02109406

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,651

Year Built

  • Built in 1918

Lot Details

  • 8,650 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • 3,219 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 46
  • Tax Tract Number 2
  • Assessor Parcel Number 6065014007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,800
  • Trash Expense $1,200
  • New Taxes Expense $8,789
  • Operating Expense $11,800
  • Gross Income $52,200
  • Net Operating Income $44,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,651

Year Built

Built in 1918

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.20
  • Property Attached: No
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6065014007
  • Year Built: 1918
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 242.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8650.00
  • Lot Size Acres: 0.1986

Multi Family

  • Gross Income: 52200.00
  • Gross Scheduled Income: 52200.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 8650.0000 Square Feet
  • Net Operating Income: 44200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 8000.00
  • Rent Control: Yes
  • Total Expenses: 11800.00

Tax Info

  • New Taxes Expense: 8789.00
  • Tax Census Tract: 2420.00
  • Tax Lot: 46
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2021
Closed on
Aug 11, 2021
Sold by
Gutierrez Jose and Gutierrez Maria A
Bought by
Parada Vilma and Aldana Evelyn
Seller's Agent
Jose Camejo
SILVER RIDGE PARTNERS, INC.
Buyer's Agent
Roxana Perkinson
Big Block Powerhouse Realty
List Price
$799,000
Sold Price
$780,000
Premium/Discount to List
-$19,000
-2.38%
Current Estimated Value
$946,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,646
Avg. Annual Appreciation
4.86%
Original Mortgage
$765,872
Outstanding Balance
$694,306
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$252,340

Purchase Details

Listed on
Dec 20, 2011
Closed on
Jan 10, 2012
Sold by
Kay Sharon
Bought by
Gutierrez Jose and Gutierrez Maria A
Seller's Agent
Roderick McDaniel
HUNTINGTON BROWNE
Buyer's Agent
Lois Henson
List Price
$218,500
Sold Price
$219,000
Premium/Discount to List
$500
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
14.19%
Original Mortgage
$164,250
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2001
Sold by
Kay Sharon D
Bought by
Graves Allye E
Source: Public Records

Range of Values:

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Average Value
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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
Parada Vilma $780,000 New Title Company Name
Gutierrez Jose $219,000 Investors Title Company
Graves Allye E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parada Vilma $765,872
Previous Owner Gutierrez Jose $164,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/07/2021 09/07/21 Sold $780,000 -2.4% $242 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $799,000 +264.8% $248 / Sq Ft
02/14/2012 02/14/12 Sold $219,000 +0.2% $68 / Sq Ft View Prior Sale
12/29/2011 12/29/11 Pending -- -- --
12/20/2011 12/20/11 For Sale $218,500 -- $68 / 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 $10,651 $827,741 $477,543 $350,198
2024 $10,651 $811,512 $468,180 $343,332
2023 $10,453 $795,600 $459,000 $336,600
2022 $9,988 $780,000 $450,000 $330,000
2021 $3,854 $254,120 $138,084 $116,036
2020 $3,881 $251,516 $136,669 $114,847
2019 $3,749 $246,586 $133,990 $112,596
2018 $3,581 $241,752 $131,363 $110,389
2016 $3,389 $232,366 $126,263 $106,103
2015 $3,339 $228,877 $124,367 $104,510
2014 $3,354 $224,394 $121,931 $102,463
Source: Public Records

Agents Affiliated with this Home

  • Jose Camejo

    Seller's Agent in 2021

    Jose Camejo

    SILVER RIDGE PARTNERS, INC.

    (909) 821-5223

    1 in this area

    41 Total Sales

    Jose Camejo
    Section Image

  • R

    Buyer's Agent in 2021

    Roxana Perkinson

    Big Block Powerhouse Realty

    (323) 251-6866

    2 in this area

    17 Total Sales

    Roxana Perkinson
    Section Image

  • R

    Seller's Agent in 2012

    Roderick McDaniel

    HUNTINGTON BROWNE

    (323) 759-7446

    19 Total Sales

    Roderick McDaniel
    Section Image

  • L

    Buyer's Agent in 2012

    Lois Henson

  • R

    Buyer's Agent in 2012

    Rafael Frias

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21049979

California Regional Multiple Listing Service (CRMLS)

APN: 6065-014-007

California Los Angeles County Los Angeles 90059 Watts

1509 E 108th St, Los Angeles, CA

This home is located at 1509 E 108th St, Los Angeles, CA 90059 since 10 March 2021 and is currently estimated at $946,646, approximately $294 per square foot. This property was built in 1918. 1509 E 108th St is a home located in Los Angeles County with nearby schools including Compton Avenue Elementary School, Edwin Markham Middle School, and Jordan High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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