NOT LISTED FOR SALE

1519 E 89th St Los Angeles, CA 90002

Estimated Value: $770,000 - $1,191,000

7 Beds
4 Baths
2,303 Sq Ft
$419/Sq Ft Est. Value

Last Sold April 13, 2018

Last sale price $650,000 $282 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $5,942/month

3 Days on Market

Highlights

  • Built in 1910 | Newly Remodeled
  • Laundry Room
  • Central Heating and Cooling System
  • Granite Countertops
  • Stone Flooring
  • Ceiling Fan

About This Home

As of April 2018

New Construction Duplex. This property is a 2 unit property, each unit is separate from the other. All construction has been done with permits. Certificate of occupancy for each unit is dated January 2018. The front unit is 1222 sqft 4 bedroom 2 bath. It has a private front yard with 2 parking spaces. The rear unit is 1081 sqft 3 bed/ 2 bath with a private yard and 2 spaces. Each unit is separately metered and has their own A/c units and Central heating. Everything is new. All new framing, flooring, footing, roof, plumbing, electrical and much more. Each unit has beautiful custom kitchens and bathrooms. This property is great not only for investors but also for an owner who wants to live in one unit and rent the other for income. The property is directly across from an elementary school and in close proximity to shopping, freeways, downtown and so much more. Buyers are to verify all and due their own due diligence. Gas company is currently in the process of moving the meters, so that the property has a private driveway and is no longer shared.

Last Agent to Sell the Property

Benny Nassiri

Asset Financial Network License #01001549 Listed on: 03/05/2018

Last Buyer's Agent

Stephanie Ruelas Otero

Realty Masters & Associates License #02000506

Realty Masters & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910 | Newly Remodeled

Lot Details

  • 5,530 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • New Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Composition Roof

Interior Spaces

  • 2,303 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Laundry Room

Kitchen

  • Dishwasher
  • Granite Countertops

Flooring

  • Laminate
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 168
  • Assessor Parcel Number 6044004044

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,500
  • Operating Expense $1,500
  • Gross Income $50,400
  • Net Operating Income $48,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1910 | Newly Remodeled

Lot Details

5,530 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Zoning: LCR2*
  • New Construction: Yes
  • Property Type: Residential Income
  • Parcel Number: 6044004044
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Stone
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 282.24

Exterior Features

  • Fence: Yes
  • Fencing: New Condition, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5530.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 50400.00
  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 48500.00
  • 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: 1500.00
  • Rent Control: No
  • Total Expenses: 1500.00

Tax Info

  • Tax Census Tract: 5351.02
  • Tax Lot: 168
  • Tax Tract Number: putney

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2018
Closed on
Apr 3, 2018
Sold by
New Horizon Asset Investment Group Llc
Bought by
Ramirez Martha and Parrilla Ramirez Ruth E
Seller's Agent
Benny Nassiri
Asset Financial Network
Buyer's Agent
Stephanie Ruelas Otero
Realty Masters & Associates
List Price
$630,000
Sold Price
$650,000
Premium/Discount to List
$20,000
3.17%
Current Estimated Value
$964,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,015
Avg. Annual Appreciation
5.08%
Original Mortgage
$636,446
Outstanding Balance
$557,218
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$406,797

Purchase Details

Closed on
Dec 29, 2012
Sold by
Buona Fortuna Llc
Bought by
New Horizon Asset Investment Group Llc

Purchase Details

Listed on
Sep 9, 2012
Closed on
Oct 8, 2012
Sold by
Aghilipour Kashi
Bought by
Buona Fortuna Llc
Seller's Agent
Benny Nassiri
Asset Financial Network, Inc
Buyer's Agent
Robert Emch
List Price
$139,900
Sold Price
$132,900
Premium/Discount to List
-$7,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.85%

Purchase Details

Listed on
Sep 9, 2012
Closed on
Sep 22, 2012
Sold by
Wells Fargo Bank Na
Bought by
Aghilipour Kashi
Seller's Agent
Benny Nassiri
Asset Financial Network, Inc
Buyer's Agent
Robert Emch
List Price
$139,900
Sold Price
$132,900
Premium/Discount to List
-$7,000
-5%

Purchase Details

Closed on
Feb 28, 2011
Sold by
Wilson Charles
Bought by
Wells Fargo Bank N A

Purchase Details

Closed on
Jul 18, 2007
Sold by
Wilson Charles
Bought by
Secured Investors Inc

Purchase Details

Closed on
Jul 24, 2004
Sold by
Hemphill Gladys and Estate Of Altha Lee Lyias
Bought by
Wilson Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,750
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 7, 2002
Sold by
Lyias Altha Lee
Bought by
Lyias Altha Lee
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ramirez Martha $650,000 Chicago Title Company
New Horizon Asset Investment Group Llc -- None Available
Buona Fortuna Llc -- None Available
Aghilipour Kashi $133,000 Servicelink
Wells Fargo Bank N A $110,250 Servicelink
Secured Investors Inc -- None Available
Wilson Charles $275,000 Ltc
Lyias Altha Lee $204,545 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Martha $636,446
Previous Owner Wilson Charles $233,750
Closed Wilson Charles $27,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/13/2018 04/13/18 Sold $650,000 +1.7% $282 / Sq Ft
03/08/2018 03/08/18 Pending -- -- --
03/05/2018 03/05/18 Price Changed $639,000 +1.4% $277 / Sq Ft
03/05/2018 03/05/18 For Sale $630,000 +374.0% $274 / Sq Ft
10/09/2012 10/09/12 Sold $132,900 -5.0% $109 / Sq Ft View Prior Sale
09/11/2012 09/11/12 Pending -- -- --
09/09/2012 09/09/12 For Sale $139,900 -- $114 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,907 $739,584 $455,130 $284,454
2024 $9,907 $725,083 $446,206 $278,877
2023 $9,571 $710,866 $437,457 $273,409
2022 $9,125 $696,929 $428,880 $268,049
2021 $9,020 $683,265 $420,471 $262,794
2020 $9,090 $676,260 $416,160 $260,100
2019 $8,744 $663,000 $408,000 $255,000
2018 $5,155 $362,394 $127,055 $235,339
2016 $3,091 $211,165 $122,122 $89,043
2015 $3,045 $207,994 $120,288 $87,706
2014 $3,047 $203,920 $117,932 $85,988
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18051009

California Regional Multiple Listing Service (CRMLS)

APN: 6044-004-044

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