NOT LISTED FOR SALE

Estimated Value: $616,000 - $728,000

3 Beds
2 Baths
1,427 Sq Ft
$478/Sq Ft Est. Value

Last Sold July 16, 2024

Last sale price $650,000 $456 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,044/month

187 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Wood Siding
  • Lawn
  • Wood Frame Window
  • Carpet

About This Home

As of July 2024

Front 2/1 unit VACANT AS OF May 1 2024.
The property is being sold "AS IS" and with back unit tenant occupied. This is the perfect starter, home needs a little TLC. But has a lot of potential.
Back unit was upgraded 2 years ago. Please DO NOT DISTURB TENANTS.
All separate meters including water. Don't pass up the opportunity to see this diamond in the rough.
Subject property is close proximity to 110/105 FWY and shopping centers.

Buyers to exercise due diligence with regards to any/all property permits.

Last Agent to Sell the Property

Luz Hernandez-Madriz

Premier Realty Associates Brokerage Phone: 323-333-8018 License #01438158 Listed on: 12/16/2023

Premier Realty Associates

Last Buyer's Agent

Angie Flores

Century 21 Allstars License #01779266

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921 | Remodeled

Lot Details

  • 5,624 Sq Ft Lot
  • No Common Walls
  • Lawn

Home Design

  • Duplex
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Fire Rated Drywall
  • Wood Siding
  • Plaster

Interior Spaces

  • 1,427 Sq Ft Home
  • 1-Story Property
  • Wood Frame Window

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Driveway

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Standard Electricity

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 35
  • Tax Tract Number 4876
  • Assessor Parcel Number 6052005032
  • $539 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,500
  • Water Sewer Expense $200
  • Operating Expense $200
  • Gross Income $29,400
  • Net Operating Income $200

Property Details

Home Type

Multi-Family

Year Built

Built in 1921 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 200.00
  • Zoning: LAR2
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6052005032
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: No
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 455.50
  • Room Type: All Bedrooms Down
  • Window Features: Wood Frames

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Drywall Walls, Plaster, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Electric: Standard
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Near Public Transit
  • Lot Size Sq Ft: 5624.00
  • Lot Size Acres: 0.1291
  • Latitude Manual: 33.94948000

Rental Info

  • Tenant Pays: Electricity, Gas, Other

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 29400.00
  • Gross Scheduled Income: 2450.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5624.0000 Square Feet
  • Net Operating Income: 200.00
  • 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: 200.00
  • Rent Control: Yes
  • Total Actual Rent: 2450.00
  • Total Expenses: 200.00

Tax Info

  • Tax Census Tract: 2405.00
  • Tax Lot: 35
  • Tax Tract Number: 4876
  • TaxOtherAnnualAssessmentAmount: 539.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2023
Closed on
Jul 12, 2024
Sold by
Randle Stephen and Gunadi Hester
Bought by
Mejia Lucio N Velasquez
Seller's Agent
Luz Hernandez-Madriz
Premier Realty Associates
Buyer's Agent
Angie Flores
Century 21 Allstars
List Price
$630,000
Sold Price
$650,000
Premium/Discount to List
$20,000
3.17%
Views
58
Current Estimated Value
$682,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,640
Avg. Annual Appreciation
3.39%
Original Mortgage
$638,226
Outstanding Balance
$630,661
Interest Rate
7.03%
Mortgage Type
FHA
Estimated Equity
$51,979

Purchase Details

Closed on
May 8, 2017
Sold by
Crum Alice J and Crum Living Trust
Bought by
Hester Randle Stephen and Hester Gunadi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 1997
Sold by
Crum George H and Crum Alice J
Bought by
Crum George H and Crum Alice J
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
Mejia Lucio N Velasquez $650,000 Lawyers Title
Hester Randle Stephen $290,000 None Available
Crum George H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mejia Lucio N Velasquez $638,226
Previous Owner Hester Randle Stephen $217,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2024 07/16/24 Sold $650,000 0.0% $456 / Sq Ft
06/20/2024 06/20/24 Pending -- -- --
06/19/2024 06/19/24 Off Market $650,000 -- --
12/16/2023 12/16/23 For Sale $630,000 -- $441 / 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 $5,739 $650,000 $330,000 $320,000
2024 $5,739 $432,370 $261,698 $170,672
2023 $5,632 $423,893 $256,567 $167,326
2022 $5,383 $415,583 $251,537 $164,046
2021 $5,313 $407,435 $246,605 $160,830
2020 $5,361 $403,258 $244,077 $159,181
2019 $5,158 $395,352 $239,292 $156,060
2018 $5,084 $387,600 $234,600 $153,000
2016 $1,430 $85,420 $35,674 $49,746
2015 $1,408 $84,138 $35,139 $48,999
2014 $1,421 $82,491 $34,451 $48,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23219925

California Regional Multiple Listing Service (CRMLS)

APN: 6052-005-032