NOT LISTED FOR SALE

Estimated Value: $707,000 - $901,000

5 Beds
2 Baths
1,641 Sq Ft
$484/Sq Ft Est. Value

Last Sold July 19, 2018

Last sale price $515,000 $314 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,276/month

About This Home

As of July 2018

Duplex investment opportunity!! located 15 mins from Downtown Los Angeles. With the potential to raise rents up to 3% per year, this property has two separate structures, carport and a one car garage. Tenants have access from frontside and backside of property to park cars. The lot size is approximately 5,401 sq ft, and the living space is approximately 1,641. The front home has 2 bedrooms, 1 bath, dining area and kitchen. The back home has 3 bedrooms, 1 bath, dining area and kitchen. It's ideal for a owner user or rental income property. Both units feature laminate flooring, granite counter tops and newer cabinets. Easy access to 110 Fwy.

Last Agent to Sell the Property

Michael Henderson

Compass License #01787868 Listed on: 05/23/2018

Compass

Last Buyer's Agent

Michael Henderson

Compass License #01787868 Listed on: 05/23/2018

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,975

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 5,401 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 1 Open Parking Space
  • 1 Car Garage
  • 2 Carport Spaces
  • Parking Available

Home Design

  • Duplex

Interior Spaces

  • 1,641 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 75
  • Tax Tract Number 672
  • Assessor Parcel Number 6040027012

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,260
  • New Taxes Expense $6,000
  • Operating Expense $8,160
  • Gross Income $3,500
  • Net Operating Income $33,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,975

Year Built

Built in 1962 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • CapRate: 7.00
  • Other Phone Description: Direct office
  • Other Phone Number: 818-380-5257
  • Property Attached: No
  • Zoning: LAR2
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 6040027012
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Price Per Square Foot: 313.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Carport
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5401.00

Multi Family

  • Gross Income: 3500.00
  • Gross Multiplier: 11.42
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1260.00
  • Net Operating Income: 33840.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 8160.00
  • Rent Control: Yes
  • Total Actual Rent: 3500.00
  • Total Expenses: 8160.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Census Tract: 2402.00
  • Tax Lot: 75
  • Tax Tract Number: 672

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2018
Closed on
Jun 15, 2018
Sold by
Vae Enterprises Inc
Bought by
Coley Lekeda L
Seller's Agent
Michael Henderson
Compass
Buyer's Agent
Michael Henderson
Compass
List Price
$480,000
Sold Price
$515,000
Premium/Discount to List
$35,000
7.29%
Current Estimated Value
$793,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,464
Avg. Annual Appreciation
6.13%
Original Mortgage
$505,672
Outstanding Balance
$434,831
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$358,633

Purchase Details

Listed on
Jul 7, 2016
Closed on
Sep 5, 2016
Sold by
Ramirez Vilma
Bought by
Vae Enterprises Inc
Seller's Agent
Karen Thelin
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Merlyn Guevara
California Realty
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.54%
Original Mortgage
$270,000
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2007
Sold by
Ibara Ruben Jovanny and Ramirez Vilma
Bought by
Ramirez Vilma

Purchase Details

Closed on
Jan 11, 2006
Sold by
Cabrera Candelario and Cabrera Guadalupe S
Bought by
Ibarra Ruben Jovanny and Ramirez Vilma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac
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
Coley Lekeda L -- Lawyers Title
Vae Enterprises Inc $360,000 California Title Company
Ramirez Vilma -- None Available
Ibarra Ruben Jovanny $475,000 Security Union Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coley Lekeda L $505,672
Previous Owner Vae Enterprises Inc $270,000
Previous Owner Ibarra Ruben Jovanny $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/19/2018 07/19/18 Sold $515,000 +7.3% $314 / Sq Ft
06/14/2018 06/14/18 Pending -- -- --
05/23/2018 05/23/18 For Sale $480,000 +37.1% $293 / Sq Ft
10/14/2016 10/14/16 Sold $350,000 0.0% $213 / Sq Ft View Prior Sale
07/07/2016 07/07/16 For Sale $350,000 -- $213 / 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 $12,975 $574,486 $351,385 $223,101
2024 $12,975 $563,223 $344,496 $218,727
2023 $12,841 $552,181 $337,742 $214,439
2022 $12,522 $541,355 $331,120 $210,235
2021 $6,553 $530,741 $324,628 $206,113
2020 $6,617 $525,300 $321,300 $204,000
2019 $6,360 $515,000 $315,000 $200,000
2018 $4,616 $367,200 $204,000 $163,200
2017 $0 $360,000 $200,000 $160,000
2016 $5,761 $473,888 $355,593 $118,295
2015 $5,677 $466,771 $350,252 $116,519
2014 $5,703 $457,629 $343,392 $114,237
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18121964

California Regional Multiple Listing Service (CRMLS)

APN: 6040-027-012