NOT LISTED FOR SALE

1516 1/2 E 88th St Los Angeles, CA 90002

Estimated Value: $663,000 - $790,000

6 Beds
3 Baths
1,605 Sq Ft
$460/Sq Ft Est. Value

Last Sold August 18, 2017

Last sale price $479,000 $298 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $4,553/month

31 Days on Market

About This Home

As of August 2017

***BACK ON THE MARKET AS OF TODAY 5/26/2017*** BUYERS DIDN'T PERFORM!! PLEASE SERIOUS BUYERS ONLY.!!!!


Great Opportunity for first time home buyers, Investors, or a big family that would like to live in one Unit and rent the other one. Front unit Recently remodeled, Owner spent lots of money on Kitchen cabinets, Quartz Counter tops,Flooring, Paint, windows, etc... Units consist of: Front Unit 4 bedrooms and 2 bathrooms and back unit: 2 bedrooms and 1 bathroom. This property offers plenty of Parking space, great location, close to major shopping centers, Freeways, Schools, Parks, etc... Property might NOT be Rent control, it falls under Los Angeles County line, No city. But please verify this information prior to submit an offer. Serious inquiry only.

Last Agent to Sell the Property

Hector Benavidez

KELLER WILLIAMS REALTY License #01337609 Listed on: 05/01/2017

KELLER WILLIAMS REALTY

Last Buyer's Agent

Auri Vega

ReMax New Dimension License #01816084

ReMax New Dimension

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,613

Year Built

  • Built in 1946

Lot Details

  • 6,673 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 1,605 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 133
  • Tax Tract Number 6673
  • Assessor Parcel Number 6044004009

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,613

Year Built

Built in 1946

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: LCR2YY
  • Property Type: Residential Income
  • Parcel Number: 6044004009
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 298.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lot 6500-9999, Level
  • Lot Size Sq Ft: 6673.00
  • Lot Size Acres: 0.1532

Multi Family

  • Lot Size Area: 6673.0000 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
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5351.02
  • Tax Lot: 133
  • Tax Tract Number: 6673

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2017
Closed on
Aug 16, 2017
Sold by
Hernandez Denise Gonzalez
Bought by
Bruno Erick
Seller's Agent
Hector Benavidez
KELLER WILLIAMS REALTY
Buyer's Agent
Auri Vega
ReMax New Dimension
List Price
$479,900
Sold Price
$479,000
Premium/Discount to List
-$900
-0.19%
Total Days on Market
31
Current Estimated Value
$738,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,488
Avg. Annual Appreciation
5.70%

Purchase Details

Closed on
Jun 12, 2017
Sold by
Posada Liliana
Bought by
Reyes Simon Erasmo Ortega and Bruno Erick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,324
Interest Rate
3.96%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 9, 2010
Sold by
Wise Investments Llc
Bought by
Posada Liliana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,028
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 2009
Sold by
Wells Fargo Bank Na
Bought by
Wise Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
4.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 26, 2007
Sold by
Quesada Juan C
Bought by
Wells Fargo Bank Na and Securitized Asset Back Receivables Llc T

Purchase Details

Closed on
May 9, 2007
Sold by
Mariscal Dalia
Bought by
D & C Home Investments

Purchase Details

Closed on
Mar 1, 2007
Sold by
Quesada Juan C
Bought by
Mariscal Dalia

Purchase Details

Closed on
Oct 8, 2004
Sold by
Quesada Carlos and Marin Jose A
Bought by
Quesada Juan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 1997
Sold by
Gamboa Jorge
Bought by
Quesada Carlos and Marin Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,650
Interest Rate
7.44%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 21, 1997
Sold by
Gamboa Maria Engracia
Bought by
Gamboa Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,650
Interest Rate
7.44%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 3, 1997
Sold by
Federal National Mortgage Association
Bought by
Gamboa Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,650
Interest Rate
7.44%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 23, 1997
Sold by
Vaca Silvino and Federal National Mortgage Asso
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 15, 1997
Sold by
Cohen Jacob
Bought by
Benmenachem David and Benmenachem Hania

Purchase Details

Closed on
Oct 30, 1996
Sold by
Kalderon Samuel
Bought by
Michaelov Segal and Michaelov Avner

Purchase Details

Closed on
Sep 30, 1996
Sold by
Dizitzer Amit
Bought by
Kalderon Samuel

Purchase Details

Closed on
Jul 7, 1996
Sold by
Vaca Josefina
Bought by
Cohen Jacob and Cohen Dian
Source: Public Records

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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
Bruno Erick -- Old Republic Title Company
Reyes Simon Erasmo Ortega $479,000 Old Republic Title Company
Posada Liliana $275,000 Lawyers Title Company
Wise Investments Llc $100,000 Fidelity National Title Co
Wells Fargo Bank Na $437,810 None Available
D & C Home Investments -- None Available
Mariscal Dalia -- None Available
Quesada Juan C -- Lawyers Title
Quesada Carlos $175,000 Benefit Land Title
Gamboa Jorge -- Chicago Title Co
Gamboa Jorge $100,000 Chicago Title Co
Federal National Mortgage Association $115,000 American Title Ins Co
Benmenachem David -- --
Michaelov Segal -- --
Kalderon Samuel -- --
Cohen Jacob -- --
Dizitzer Amit -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reyes Simon Erasmo Ortega $470,324
Previous Owner Posada Liliana $268,028
Previous Owner Wise Investments Llc $102,000
Previous Owner Quesada Juan C $412,000
Previous Owner Quesada Juan C $337,500
Previous Owner Quesada Juan C $300,000
Previous Owner Quesada Juan C $250,000
Previous Owner Quesada Juan C $210,000
Previous Owner Quesada Carlos $177,900
Previous Owner Quesada Carlos $170,650
Previous Owner Gamboa Jorge $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2017 08/18/17 Sold $479,000 -0.2% $298 / Sq Ft
06/01/2017 06/01/17 Pending -- -- --
05/26/2017 05/26/17 For Sale $479,900 0.0% $299 / Sq Ft
05/20/2017 05/20/17 Pending -- -- --
05/19/2017 05/19/17 For Sale $479,900 0.0% $299 / Sq Ft
05/08/2017 05/08/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $479,900 -- $299 / 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 $7,613 $534,329 $408,947 $125,382
2023 $7,319 $523,853 $400,929 $122,924
2022 $6,987 $513,582 $393,068 $120,514
2021 $6,908 $503,512 $385,361 $118,151
2020 $6,959 $498,350 $381,410 $116,940
2019 $6,701 $488,580 $373,932 $114,648
2018 $6,598 $479,000 $366,600 $112,400
2017 $4,525 $303,570 $242,857 $60,713
2016 $4,418 $297,619 $238,096 $59,523
2015 $4,354 $293,149 $234,520 $58,629
2014 $4,359 $287,408 $229,927 $57,481
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17094035

California Regional Multiple Listing Service (CRMLS)

APN: 6044-004-009