NOT LISTED FOR SALE

Estimated Value: $654,000 - $811,000

3 Beds
3 Baths
1,479 Sq Ft
$489/Sq Ft Est. Value

Last Sold December 10, 2020

Last sale price $560,000 $379 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,659/month

8 Days on Market

Highlights

  • Granite Countertops
  • No HOA
  • Living Room
  • Private Yard
  • Walk-In Closet
  • Laundry Room

About This Home

As of December 2020

Situated in a prime location within South Los Angeles in a tree lined street with easy access to the 110, 10 and 105 freeways. This duplex with a 4,681 square feet lot and separate detached garage features many owner occupied and investment possibilities. The downstairs unit features 2 bedrooms and 2 baths with updates to the kitchen that include cabinets, granite counter tops, built in microwave, dishwasher, tile flooring and a ceiling fan. The master bedroom features an extra-large walk in closet. The master bathroom has an updated bathtub and toilet. The top unit is a 1 bedroom, 1 bath unit and has investment opportunity. The backyard is spacious and has an open area perfect for entertaining. The duplex features a tandem driveway big enough for 5-6 cars outside. Laundry is located in the detached garage with separate water heaters for each unit.

Last Agent to Sell the Property

William Miura

Assurance Properties License #01708641 Listed on: 10/20/2020

Last Buyer's Agent

Jordan Blunt

eXp Realty of California Inc License #02115063

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,310

Year Built

  • Built in 1923

Lot Details

  • 4,681 Sq Ft Lot
  • 1 Common Wall
  • Cross Fenced
  • Wood Fence
  • Brick Fence
  • Landscaped
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 6 Open Parking Spaces
  • Parking Available

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Stucco

Interior Spaces

  • 1,479 Sq Ft Home
  • 2-Story Property
  • Living Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tax Lot 119
  • Tax Tract Number 4580
  • Assessor Parcel Number 6015026013

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,320
  • Insurance Expense $1,000
  • Trash Expense $1,200
  • Water Sewer Expense $3,600
  • New Taxes Expense $6,875
  • Operating Expense $13,995
  • Gross Income $49,200
  • Net Operating Income $32,745

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,310

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.95
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 3600.00
  • Zoning: LAR1
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 6015026013
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 378.63
  • Room Type: Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Walk-In Closet

Exterior Features

  • Fence: Yes
  • Fencing: Brick, Cross Fenced, Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Water Heater
  • Heating Type: Floor Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Yard
  • Lot Size Sq Ft: 4681.00
  • Lot Size Acres: 0.1075

Multi Family

  • Gross Income: 49200.00
  • Gross Operating Income: 46740.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4681.0000 Square Feet
  • Net Operating Income: 32745.00
  • 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 Carpet: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 13995.00
  • Rent Control: Yes
  • Total Expenses: 13995.00
  • Vacancy Allowance: 2460
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6875.00
  • Tax Census Tract: 2374.02
  • Tax Lot: 119
  • Tax Tract Number: 4580

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2020
Closed on
Nov 10, 2020
Sold by
Jones Frankie Rhobelia
Bought by
Simpson Erdavria
Seller's Agent
William Miura
Assurance Properties
Buyer's Agent
Jordan Blunt
eXp Realty of California Inc
List Price
$550,000
Sold Price
$560,000
Premium/Discount to List
$10,000
1.82%
Total Days on Market
8
Current Estimated Value
$723,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,684
Avg. Annual Appreciation
5.90%
Original Mortgage
$572,880
Outstanding Balance
$515,563
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$208,121

Purchase Details

Closed on
Oct 24, 2018
Sold by
Jones Frankie Rhobelia
Bought by
Jones Frankie Rhobelia and Jones Frankie Rhobelia

Purchase Details

Closed on
Dec 23, 1998
Sold by
Jones Frankie R
Bought by
Jones Frankie Rhobelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.82%
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 Buyer Sale Price Title Company
Simpson Erdavria $560,000 Ticor Ttl Orange Cnty Branch
Jones Frankie Rhobelia -- None Available
Jones Frankie Rhobelia -- California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simpson Erdavria $572,880
Previous Owner Jones Frankie Rhobelia $544,185
Previous Owner Jones Frankie Rhobelia $183,000
Previous Owner Jones Frankie Rhobelia $160,000
Previous Owner Jones Frankie Rhobelia $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2020 12/10/20 Sold $560,000 0.0% $379 / Sq Ft
10/28/2020 10/28/20 Pending -- -- --
10/28/2020 10/28/20 Price Changed $560,000 +1.8% $379 / Sq Ft
10/20/2020 10/20/20 For Sale $550,000 -- $372 / 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
2024 $7,310 $594,274 $415,992 $178,282
2023 $7,172 $582,623 $407,836 $174,787
2022 $6,843 $571,200 $399,840 $171,360
2021 $6,834 $560,000 $392,000 $168,000
2020 $3,039 $239,305 $169,509 $69,796
2019 $2,924 $234,614 $166,186 $68,428
2018 $2,874 $230,015 $162,928 $67,087
2016 $2,736 $221,085 $156,602 $64,483
2015 $2,697 $217,765 $154,250 $63,515
2014 $2,719 $213,500 $151,229 $62,271
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20221715

California Regional Multiple Listing Service (CRMLS)

APN: 6015-026-013