NOT LISTED FOR SALE

Estimated Value: $770,000 - $959,000

5 Beds
4 Baths
2,352 Sq Ft
$382/Sq Ft Est. Value

Last Sold January 02, 2019

Last sale price $630,000 $268 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,589/month

14 Days on Market

Highlights

  • No Units Above
  • Level Lot
  • 3-minute walk to Jackie Tatum / Harvard Park and Recreation Center
  • Laundry Room
  • Front Yard

About This Home

As of January 2019

Amazing opportunity to own a fourplex in Los Angeles. This amazing property consists of one (2 bedroom + 1 bath) unit and 3 (1 bedroom + 1 bath) units. This property is a value add to any portfolio and it breeds positive cash flow in an area currently experiencing a revitalization due to the need for housing and exploding population growth. Just minutes from USC, Expostion park, the 10 & 110 fwy's, Staples center, and much more! This opportunity is to good to pass up!

Last Agent to Sell the Property

Herb Diaz

PLF Real Estate Solutions License #01458024 Listed on: 11/15/2018

Last Buyer's Agent

Pila Jessie

KHORR Realty License #01324968

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,753

Year Built

  • Built in 1968

Lot Details

  • 5,266 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Level Lot
  • Front Yard

Home Design

  • 2,352 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

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

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 4342
  • Assessor Parcel Number 6002018037

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $1,320
  • Water Sewer Expense $2,400
  • New Taxes Expense $7,875
  • Operating Expense $12,395
  • Gross Income $51,840
  • Net Operating Income $39,445

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,753

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 9.10
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 6002018037
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Price Per Square Foot: 267.86

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1320.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level
  • Lot Size Sq Ft: 5266.00
  • Lot Size Acres: 0.1209

Multi Family

  • Gross Income: 51840.00
  • Gross Multiplier: 8.90
  • Gross Scheduled Income: 51840.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5266.0000 Square Feet
  • Net Operating Income: 39445.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 12395.00
  • Rent Control: Yes
  • Total Actual Rent: 51840.00
  • Total Expenses: 12395.00

Tax Info

  • New Taxes Expense: 7875.00
  • Tax Census Tract: 2372.02
  • Tax Lot: 25
  • Tax Tract Number: 4342

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2021
Sold by
Gruber Jan Michael and Gruber Anh Minh
Bought by
J A G Enterprises Llc
Current Estimated Value
$898,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Outstanding Balance
$428,911
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$455,907

Purchase Details

Closed on
Apr 2, 2019
Sold by
Gruber Jan and Gruber Anh
Bought by
J A G Enterprise Llc

Purchase Details

Listed on
Nov 15, 2018
Closed on
Dec 4, 2018
Sold by
Alplzar Saul
Bought by
Gruber Jan and Gruber Anh
Seller's Agent
Herb Diaz
PLF Real Estate Solutions
Buyer's Agent
Pila Jessie
KHORR Realty
List Price
$629,900
Sold Price
$630,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.20%
Original Mortgage
$472,500
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2018
Sold by
Flores Saul Alpizar
Bought by
Flores Saul Alpizar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2014
Closed on
May 12, 2014
Sold by
Larson Haley
Bought by
Larson Haley and Larson Kirby
Seller's Agent
Kirby Larson
Estate Properties
Buyer's Agent
Herb Diaz
PLF Real Estate Solutions
List Price
$399,000
Sold Price
$410,000
Premium/Discount to List
$11,000
2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.04%
Original Mortgage
$307,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2014
Closed on
May 7, 2014
Sold by
Alpizar Marta
Bought by
Alpizar Saul
Seller's Agent
Kirby Larson
Estate Properties
Buyer's Agent
Herb Diaz
PLF Real Estate Solutions
List Price
$399,000
Sold Price
$410,000
Premium/Discount to List
$11,000
2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2014
Closed on
May 1, 2014
Sold by
Larson Sarah
Bought by
Larson Kirby
Seller's Agent
Kirby Larson
Estate Properties
Buyer's Agent
Herb Diaz
PLF Real Estate Solutions
List Price
$399,000
Sold Price
$410,000
Premium/Discount to List
$11,000
2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2014
Closed on
Apr 25, 2014
Sold by
Larson Kirby
Bought by
Alpizar Saul
Seller's Agent
Kirby Larson
Estate Properties
Buyer's Agent
Herb Diaz
PLF Real Estate Solutions
List Price
$399,000
Sold Price
$410,000
Premium/Discount to List
$11,000
2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2012
Closed on
Aug 8, 2012
Sold by
Wells Fargo Bank Na
Bought by
Larson Haley
Seller's Agent
Joe Kimaz
The Madison Real Estate Group Inc.
Buyer's Agent
Joe Kimaz
The Madison Real Estate Group Inc.
List Price
$239,000
Sold Price
$257,199
Premium/Discount to List
$18,199
7.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.43%
Original Mortgage
$192,899
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2011
Sold by
Rios Eleazar and Rios Maria D Villareal
Bought by
Wells Fargo Bank N A

Purchase Details

Closed on
Sep 27, 2001
Sold by
Shelter First Inc
Bought by
Rios Eleazar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.84%

Purchase Details

Closed on
Aug 11, 2000
Sold by
Hud
Bought by
Shelter First Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,400
Interest Rate
8.13%

Purchase Details

Closed on
Jan 11, 1999
Sold by
Harbor Financial Mtg Corp
Bought by
Hud

Purchase Details

Closed on
May 31, 1996
Sold by
Hud
Bought by
Lazaro Delfino and Lazaro Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,700
Interest Rate
8.09%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 25, 1995
Sold by
Matson Michael D and Matson Patsy
Bought by
Countrywide Funding Corp
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
J A G Enterprises Llc -- Pacific Coast Title Company
Gruber Jan Michael -- Pacific Coast Title Company
J A G Enterprise Llc -- None Available
Gruber Jan $630,000 Wfg National Title Company
Flores Saul Alpizar -- Stewart Title Of California
Larson Haley -- Pacific Coast Title Company
Alpizar Saul -- Pacific Coast Title Company
Larson Kirby -- Pacific Coast Title Company
Alpizar Saul $410,000 Pacific Coast Title Company
Larson Haley -- Fatcola
Larson Haley $257,500 Premium Title
Wells Fargo Bank N A $250,000 None Available
Rios Eleazar $215,000 American Title Co
Shelter First Inc $162,500 New Century Title Company
Hud -- --
Harbor Financial Mtg Corp $188,279 Stewart Title
Lazaro Delfino $84,000 California Counties Title Co
Countrywide Funding Corp $198,210 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gruber Jan Michael $470,000
Previous Owner Gruber Jan $472,500
Previous Owner Flores Saul Alpizar $385,000
Previous Owner Alpizar Saul $307,500
Previous Owner Larson Haley $192,899
Previous Owner Rios Eleazar $361,200
Previous Owner Rios Eleazar $172,000
Previous Owner Shelter First Inc $155,400
Previous Owner Lazaro Delfino $161,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2019 01/02/19 Sold $630,000 0.0% $268 / Sq Ft
11/29/2018 11/29/18 Pending -- -- --
11/15/2018 11/15/18 For Sale $629,900 +53.6% $268 / Sq Ft
05/23/2014 05/23/14 Sold $410,000 +2.8% $174 / Sq Ft
04/22/2014 04/22/14 Pending -- -- --
04/06/2014 04/06/14 For Sale $399,000 +55.1% $170 / Sq Ft
09/24/2012 09/24/12 Sold $257,199 +7.6% $109 / Sq Ft
07/25/2012 07/25/12 Pending -- -- --
07/17/2012 07/17/12 For Sale $239,000 -- $102 / 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 $8,753 $702,772 $446,205 $256,567
2024 $8,753 $688,993 $437,456 $251,537
2023 $8,592 $675,484 $428,879 $246,605
2022 $8,207 $662,240 $420,470 $241,770
2021 $8,098 $649,256 $412,226 $237,030
2020 $8,177 $642,600 $408,000 $234,600
2019 $2,146 $450,551 $340,661 $109,890
2018 $5,635 $441,718 $333,982 $107,736
2016 $5,377 $424,567 $321,014 $103,553
2015 $5,712 $418,191 $316,193 $101,998
2014 $3,498 $258,367 $157,913 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18274891

California Regional Multiple Listing Service (CRMLS)

APN: 6002-018-037