NOT LISTED FOR SALE

Estimated Value: $606,182 - $714,000

4 Beds
2 Baths
1,150 Sq Ft
$576/Sq Ft Est. Value

Last Sold May 17, 2019

Last sale price $451,000 $392 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,980/month

21 Days on Market

Highlights

  • No HOA
  • Back Yard
  • 1-Story Property
  • Laundry Room

About This Home

As of May 2019

Tremendous Opportunity to Invest in this Large Lot with two detached Units in Los Angeles! Whether you are looking for an investment or a detached home to occupy with the benefit of income from the occupied unit, this is what you have been looking for! Detached duplex on a large lot with a 2 car garage, fully fenced, and the 1bed/1bath unit is vacant and move in ready! The larger unit is tenant occupied, monthly income is $1,230, the lease expires in April 2020, and the tenant pays all utilities except for water/sewer. The occupied unit has an updated kitchen, laundry hook-ups, wood floors, and no shared walls! The lot is clean and the street is very desirable with larger lots and shows pride of ownership. Unit Mix Consists of (1) 3bed/1bath 754 Sq Ft and (1) 1bed/1bath that is move in ready! Detached 2 car garage on the lot, fully fenced, corner lot, easy access to commuter freeways and transportation. This Investment Property Will Not Last, take a tour today!

Last Agent to Sell the Property

Jessica Nieto

Brooke Realty License #01923684 Listed on: 03/26/2019

Last Buyer's Agent

Davi Nogueira

Compass License #01991473

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 5,077 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors
  • Driveway
  • Off-Street Parking

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,150 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 57
  • Tax Tract Number 6602
  • Assessor Parcel Number 6052002019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $650
  • Water Sewer Expense $200
  • Operating Expense $850
  • Gross Income $14,760

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 200.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6052002019
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 392.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage - Two Door, Off Street
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 5077.00
  • Lot Size Acres: 0.1166

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 14760.00
  • Gross Scheduled Income: 14760.00
  • Insurance Expense: 650.00
  • Lot Size Area: 5077.0000 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: 2
  • Rent Control: Yes
  • Total Expenses: 850.00

Tax Info

  • Tax Census Tract: 2405.00
  • Tax Lot: 57
  • Tax Tract Number: 6602

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2019
Closed on
Apr 17, 2019
Sold by
Srps Lp
Bought by
Medrano Joe G and Gomez Beverly L
Seller's Agent
Jessica Nieto
Brooke Realty
Buyer's Agent
Davi Nogueira
Compass
List Price
$452,000
Sold Price
$451,000
Premium/Discount to List
-$1,000
-0.22%
Current Estimated Value
$662,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,796
Avg. Annual Appreciation
5.91%
Original Mortgage
$442,831
Outstanding Balance
$392,790
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$270,006

Purchase Details

Closed on
May 9, 2017
Sold by
Colfin Al Ca 5 Llc
Bought by
Srps Lp

Purchase Details

Closed on
Aug 14, 2012
Sold by
Hughes Cathelene
Bought by
Colfin Ai Ca5 Llc

Purchase Details

Closed on
Mar 3, 2009
Sold by
Johnson Betty Jean
Bought by
Hughes Cathelene

Purchase Details

Closed on
May 24, 2008
Sold by
Hughes Catherine
Bought by
Johnson Bettye Jean

Purchase Details

Closed on
Jul 20, 2004
Sold by
Layne Katherine B
Bought by
Hughes Cathelene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2001
Sold by
Layne Richard F
Bought by
Layne Katherine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
9.25%
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
Medrano Joe G $451,000 First American Title Company
Srps Lp -- None Available
Colfin Ai Ca5 Llc -- Fidelity Van Nuys
Hughes Cathelene -- None Available
Johnson Bettye Jean -- None Available
Hughes Cathelene $325,000 Commonwealth Land Title Co
Layne Katherine B -- Investors Title Company
Layne Katherine B -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medrano Joe G $442,831
Previous Owner Hughes Cathelene $228,000
Previous Owner Layne Katherine B $140,000
Closed Hughes Cathelene $57,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2019 05/17/19 Sold $451,000 -0.2% $392 / Sq Ft
04/16/2019 04/16/19 Pending -- -- --
03/26/2019 03/26/19 For Sale $452,000 0.0% $393 / Sq Ft
02/18/2014 02/18/14 Rented $1,095 0.0% --
02/18/2014 02/18/14 Under Contract -- -- --
01/15/2014 01/15/14 For Rent $1,095 -- --
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 $6,418 $503,095 $334,654 $168,441
2024 $6,418 $493,232 $328,093 $165,139
2023 $6,297 $483,561 $321,660 $161,901
2022 $6,014 $474,080 $315,353 $158,727
2021 $5,938 $464,785 $309,170 $155,615
2020 $5,994 $460,020 $306,000 $154,020
2019 $3,255 $178,827 $110,389 $68,438
2018 $4,208 $316,200 $193,800 $122,400
2016 $2,401 $168,516 $104,023 $64,493
2015 $2,366 $165,986 $102,461 $63,525
2014 $2,380 $162,735 $100,454 $62,281
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19066907

California Regional Multiple Listing Service (CRMLS)

APN: 6052-002-019