NOT LISTED FOR SALE

1531 E 92nd St Los Angeles, CA 90002

Watts Neighborhood

Estimated Value: $1,078,000 - $1,238,000

6 Beds
2 Baths
3,054 Sq Ft
$381/Sq Ft Est. Value

Sale Details

Date Sold: March 6, 2023

Last sale price $1,180,000 $386 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $7,530 / mo

109 Days on Market

About This Home

As of March 2023

This prime, 4 unit building, offers a superior unit mix of all 3 bedoom apartments and is not under Los Angeles City Rent Control. All tenants are paying rent and all the units have 2 tandem parking spaces in a gated parking area. Operating expenses are minimal on this building due to its efficient design, including the landlord being responsible for water only. Tenants pay for their own gas, electricity, and trash. Building has been well maintained by current ownership and qualifies for financing at 75% Loan to Value. Rents can be increased February 1st, 2023. The market rent capitalization rate can exceed 9 per cent.

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 10/14/2022

Last Buyer's Agent

Troy Huerta

SRE Matrix Alliance License #01028204

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1993

Lot Details

  • 5,738 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Home Design

  • 3,054 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Tandem Uncovered Parking

Additional Features

  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 6044
  • Tax Tract Number 7
  • Assessor Parcel Number 6044007026
  • $952 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,570
  • Insurance Expense $1,980
  • Maintenance Expense $3,874
  • Water Sewer Expense $7,138
  • New Taxes Expense $14,937
  • Operating Expense $29,499
  • Gross Income $82,800
  • Net Operating Income $53,301

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

5,738 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 7138.00
  • Zoning: LAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1570.00
  • Parcel Number: 6044007026
  • Year Built: 1993
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 386.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Tandem Uncovered
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5738.00
  • Lot Size Acres: 0.1317

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Operating Income: 82800.00
  • Gross Scheduled Income: 82800.00
  • Insurance Expense: 1980.00
  • Lot Size Area: 5738.0000 Square Feet
  • Maintenance Expense: 3874.00
  • Net Operating Income: 53301.00
  • 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: 29499.00
  • Rent Control: No
  • Total Actual Rent: 6900.00
  • Total Expenses: 29499.00

Tax Info

  • New Taxes Expense: 14937.00
  • Tax Census Tract: 2423.00
  • Tax Lot: 6044
  • Tax Tract Number: 007
  • TaxOtherAnnualAssessmentAmount: 952.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2024
Sold by
Bought by
Current Estimated Value
$1,162,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$855,000
Interest Rate
0.0695%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 14, 2022
Closed on
Feb 14, 2023
Sold by
Bought by
Seller's Agent
Mike Marcu
Mike Marcu, Broker
Buyer's Agent
Troy Huerta
SRE Matrix Alliance
List Price
$1,295,000
Sold Price
$1,180,000
Premium/Discount to List
-$115,000
-8.88%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.46%
Original Mortgage
$650,000
Interest Rate
0.0528%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$553,000
Interest Rate
0.0438%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 26, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$586,517
Interest Rate
0.0587%
Mortgage Type
FHA

Purchase Details

Closed on
May 1, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,000
Interest Rate
0.0428%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,000
Interest Rate
0.0428%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 2003
Sold by
Bought by

Purchase Details

Closed on
Apr 11, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,250
Interest Rate
0.085%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,250
Interest Rate
0.085%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2001
Sold by
Bought by

Purchase Details

Closed on
May 30, 1997
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,140,000 Fidelity National Title
$1,180,000 Ticor Title
$790,000 Fidelity National Title Comp
$635,000 Commonwealth Land Title
$465,000 Southland Title Corporation
-- Southland Title
-- --
-- --
-- American Title Co
-- American Title Co
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $855,000
Previous Owner $840,000
Previous Owner $90,000
Previous Owner $650,000
Previous Owner $553,000
Previous Owner $553,000
Previous Owner $574,798
Previous Owner $586,517
Previous Owner $362,000
Previous Owner $276,250
Previous Owner $276,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/06/2023 03/06/23 Sold $1,180,000 -1.3% $386 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
12/15/2022 12/15/22 Price Changed $1,195,000 -7.7% $391 / Sq Ft
10/14/2022 10/14/22 For Sale $1,295,000 -- $424 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,597 $1,140,000 $600,000 $540,000
2024 $15,444 $1,203,600 $612,000 $591,600
2023 $11,360 $863,977 $317,155 $546,822
2022 $10,855 $847,037 $310,937 $536,100
2021 $10,712 $830,430 $304,841 $525,589
2019 $10,398 $805,800 $295,800 $510,000
2018 $9,588 $733,040 $294,369 $438,671
2016 $9,145 $704,578 $282,940 $421,638
2015 $9,008 $693,995 $278,690 $415,305
2014 $9,045 $680,401 $273,231 $407,170
Source: Public Records

Agents Affiliated with this Home

  • Mike Marcu

    Seller's Agent in 2023

    Mike Marcu

    Mike Marcu, Broker

    (562) 260-0940

    1 in this area

    20 Total Sales

    Mike Marcu
    Section Image
  • Troy Huerta

    Buyer's Agent in 2023

    Troy Huerta

    SRE Matrix Alliance

    (760) 420-5498

    1 in this area

    13 Total Sales

    Troy Huerta
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22222671

California Regional Multiple Listing Service (CRMLS)

APN: 6044-007-026

California Los Angeles County Los Angeles 90002 Watts

1531 E 92nd St, Los Angeles, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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