NOT LISTED FOR SALE

1516 Ricardo St Los Angeles, CA 90033

Estimated Value: $809,000 - $1,086,000

3 Beds
2 Baths
2,465 Sq Ft
$383/Sq Ft Est. Value

Last Sold August 29, 2016

Last sale price $520,000 $211 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $6,342/month

129 Days on Market

Highlights

  • Primary Bedroom Suite
  • Property is near a park
  • Two Homes on a Lot
  • Abraham Lincoln High School Rated A
  • Granite Countertops
  • Galley Kitchen

About This Home

As of August 2016

**HUD Home Duplex in Boyle Heights LA 90033**, *BACK ON THE MARKET* Why would you wait any longer to become a homeowner and a landlord. Located within a pedestrian commute to County USC Medical School and USC Health Sciences Campus lies the best buy in Boyle Heights if not in all of Los Angeles. For a short time you can purchase two homes for the price of one! The property is a blend of mid century and classic LA Spanish architecture. Each of these spacious homes feature 3 bedrooms and two full baths. The rear unit has been fully remodeled and rebuilt includes a large master suite with full bath and spacious living and dining room combo and a large laundry room. The home is finished out with laminate floors throughout gleaming granite counters, wood cabinets and vinyl windows. The front unit is a classic mid century design built in 1965. With three large bedrooms and two full baths a remodeled kitchen and laminate and tile floors. Available now to owner occupants only, with no investor competition for 15 days! This great deal can be purchased with FHA financing. Don't let this opportunity pass you by!

Last Agent to Sell the Property

David Jervis

Century 21 Jervis & Associates License #00909394 Listed on: 06/08/2016

Century 21 Jervis & Associates

Last Buyer's Agent

Jennifer Avellan

Keller Williams SELA License #01468000

Keller Williams SELA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,581

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 7,499 Sq Ft Lot
  • No Common Walls
  • Front Yard

Home Design

  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Pillar, Post or Pier Foundation
  • Combination Foundation
  • Raised Foundation
  • Slab Foundation
  • Partial Copper Plumbing

Interior Spaces

  • 2,465 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Insulated Windows
  • Living Room

Kitchen

  • Galley Kitchen
  • Free-Standing Range
  • Water Line To Refrigerator
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • Parking Available
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking
  • Unassigned Parking

Additional Homes

  • Two Homes on a Lot

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5202016010

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,581

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Property Condition: Additions/Alterations, Repairs Cosmetic, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5202016010
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Copper Plumbing Partial
  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 210.95
  • Room Type: Galley Kitchen, Living Room, Master Suite
  • Window Features: Double Pane Windows, Insulated Windows

Exterior Features

  • Foundation: Slab, Combination, Pillar/Post/Pier, Raised
  • Other Structures: Two On A Lot
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, Off Street, On Site, Unassigned

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Water Heater, Water Line to Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999, Park Nearby, Near Public Transit
  • Lot Size Sq Ft: 7499.00
  • Price Per Lot Square Foot: 69.34
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 7499.0000 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
  • Number With Range: 1
  • Rent Control: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2016
Closed on
Aug 26, 2016
Sold by
The Secretary Of Housing & Urban Develop
Bought by
Wong Victor
Seller's Agent
David Jervis
Century 21 Jervis & Associates
Buyer's Agent
Jennifer Avellan
Keller Williams SELA
List Price
$518,000
Sold Price
$520,000
Premium/Discount to List
$2,000
0.39%
Current Estimated Value
$1,047,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$527,924
Avg. Annual Appreciation
6.86%
Original Mortgage
$510,581
Outstanding Balance
$411,391
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$531,999

Purchase Details

Listed on
Jun 8, 2016
Closed on
Aug 4, 2016
Sold by
Wong Maribel
Bought by
Wong Victor
Seller's Agent
David Jervis
Century 21 Jervis & Associates
Buyer's Agent
Jennifer Avellan
Keller Williams SELA
List Price
$518,000
Sold Price
$520,000
Premium/Discount to List
$2,000
0.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,581
Outstanding Balance
$411,391
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$531,999

Purchase Details

Closed on
Dec 31, 2015
Sold by
Guild Mortgage Company
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Jan 8, 2015
Sold by
Hernandez Emerson
Bought by
Guild Mortgage Company

Purchase Details

Closed on
Apr 11, 2012
Sold by
West Coast 2010-1 Llc
Bought by
Hernandez Emerson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,637
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 21, 2011
Sold by
New York Community Bank
Bought by
West Coast 2010-1 Llc

Purchase Details

Closed on
Jan 20, 2011
Sold by
Cornejo Jose C and Cornejo Nelly
Bought by
New York Community Bank

Purchase Details

Closed on
Apr 12, 2005
Sold by
Blue Ever Best Inc
Bought by
Cornejo Jose C and Cornejo Nelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,100
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 31, 2005
Sold by
Salas Roberto Garcia
Bought by
Blue Ever Best Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,100
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 2, 2004
Sold by
Salas Consuelo Garcia
Bought by
Salas Roberto Garcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
5.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 3, 2004
Sold by
Calderon John A and Estate Of Mary L Calderon
Bought by
Blue Ever Best Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage
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
Wong Victor $520,000 Old Republic Title Company
Wong Victor -- Old Republic Title Company
The Secretary Of Housing & Urban Develop -- Pacific Coast Title
Guild Mortgage Company $350,323 Pacific Coast Title
Hernandez Emerson $354,000 Old Republic Title Company
West Coast 2010-1 Llc $230,000 Old Republic Title Company
New York Community Bank $238,000 Accommodation
Cornejo Jose C $553,000 Chicago Title Co
Blue Ever Best Inc -- Chicago Title Co
Salas Roberto Garcia -- --
Salas Roberto Garcia -- --
Blue Ever Best Inc $285,000 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong Victor $67,809
Open Wong Victor $510,581
Previous Owner Hernandez Emerson $344,637
Previous Owner Cornejo Jose C $472,500
Previous Owner Cornejo Jose C $76,000
Previous Owner Cornejo Jose C $387,100
Previous Owner Salas Roberto Garcia $325,000
Previous Owner Blue Ever Best Inc $64,000
Previous Owner Salas Roberto Garcia $405,000
Previous Owner Blue Ever Best Inc $370,000
Closed Cornejo Jose C $138,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2016 08/29/16 Sold $520,000 +0.4% $211 / Sq Ft
06/09/2016 06/09/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $518,000 -- $210 / 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 $7,581 $603,497 $394,595 $208,902
2024 $7,581 $591,664 $386,858 $204,806
2023 $7,440 $580,064 $379,273 $200,791
2022 $7,104 $568,691 $371,837 $196,854
2021 $7,010 $557,542 $364,547 $192,995
2020 $7,076 $551,827 $360,810 $191,017
2019 $6,806 $541,008 $353,736 $187,272
2018 $6,645 $530,400 $346,800 $183,600
2016 $5,100 $406,099 $228,431 $177,668
2015 $4,670 $369,965 $240,373 $129,592
2014 $4,697 $362,719 $235,665 $127,054
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16021479

California Regional Multiple Listing Service (CRMLS)

APN: 5202-016-010