NOT LISTED FOR SALE

1561 E 106th St Unit 1563 Los Angeles, CA 90002

Watts Neighborhood

Estimated Value: $642,000 - $789,246

4 Beds
3 Baths
1,806 Sq Ft
$391/Sq Ft Est. Value

Last Sold July 23, 2020

Last sale price $475,000 $263 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,224/month

17 Days on Market

About This Home

As of July 2020

Amazing Opportunity to OWN an investment property! Very close to freeways, schools, restaurants, shopping centers, Downtown LA, and LAX. Great for an first time buyer /investor with vision. Come with a great imagination to make it a perfect investment! Great income potential and it's for both houses. in one lot This Duplex is an amazing opportunity to own. 2 DETACHED UNITS ~ Live in one unit and rent the other, it cannot get any better than this! Front unit featured 3 bedrooms 2 bath and rear unit features 1 bedroom 1 bath front house has inside laundry hook ,also parking with an attached carport that provides direct access parking!public record show 3 BED but total is 4 BED 3 BATH, This property is excellent investment! This income producing property . Do not miss out on this opportunity-Seller Currently making upgraded ,Act Now! Standard sale. Buyer to verify all information herein.

Last Agent to Sell the Property

Patricia Malik

West Shores Realty, Inc. License #01722589 Listed on: 05/10/2020

West Shores Realty, Inc.

Last Buyer's Agent

Alen Agadzhanyan

License #01970563

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,497

Interior Spaces

  • 1,806 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Detached Carport Space

Additional Features

  • 6,497 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 6065-016-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • ADA Compliant: No
  • Advertising Remarks: Amazing Opportunity to OWN an investment property! Very close to freeways, schools, restaurants, shopping centers, Downtown LA, and LAX. Great for an first time buyer /investor with vision. Come with a great imagination to make it a perfect investment! Great income potential and it's for both houses. in one lot This Duplex is an amazing opportunity to own. 2 DETACHED UNITS ~ Live in one unit and rent the other, it cannot get any better than this! Front unit featured 3 bedrooms 2 bath and rear unit features 1 bedroom 1 bath front house has inside laundry hook ,also parking with an attached carport that provides direct access parking!public record show 3 BED but total is 4 BED 3 BATH, This property is excellent investment! This income producing property . Do not miss out on this opportunity-Seller Currently making upgraded ,Act Now! Standard sale. Buyer to verify all information herein.
  • Alley: Yes
  • Living Area: 1806
  • Stories: 1
  • Year Built: 1958
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 259.69

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Carport Detached
  • Total Parking: 2

Utilities

  • Heating: Wall
  • Water: Meter on Property

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Value: 171400
  • Assessed Land Value: 203600
  • Assessor Parcel Number: 6065-016-012
  • Geocode Override: No
  • Lot Size Area: 6497

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2020
Closed on
Jun 10, 2020
Sold by
Menjivar Santos
Bought by
Novshadyan Armen
Seller's Agent
Patricia Malik
West Shores Realty, Inc.
Buyer's Agent
Alen Agadzhanyan
List Price
$519,000
Sold Price
$475,000
Premium/Discount to List
-$44,000
-8.48%
Current Estimated Value
$706,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,312
Avg. Annual Appreciation
7.47%
Original Mortgage
$403,750
Outstanding Balance
$357,893
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$348,419

Purchase Details

Closed on
Oct 2, 2018
Sold by
Garcia Sandra P
Bought by
Menjivar Santos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2018
Sold by
Elmezayen Ali and The Ali Elmezayen Living Trust
Bought by
Menjivar Santos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2017
Sold by
Elmezayen Ali
Bought by
Ali Elmezayen Living Trust

Purchase Details

Closed on
Sep 14, 2006
Sold by
Burton Jane
Bought by
Elmezayen Ali

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,600
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2006
Sold by
Durden Joyce A
Bought by
Elmezayen Ali

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,600
Interest Rate
6.51%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Novshadyan Armen $475,000 Stewart Title
Novshadyan Armen -- Stewart Title
Menjivar Santos -- Old Republic Title Company
Menjivar Santos $410,000 Old Republic Title
Ali Elmezayen Living Trust -- None Available
Elmezayen Ali -- None Available
Elmezayen Ali $408,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Novshadyan Armen $403,750
Previous Owner Menjivar Santos $369,000
Previous Owner Elmezayen Ali $387,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2020 07/23/20 Sold $475,000 +1.3% $263 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
05/20/2020 05/20/20 Price Changed $469,000 -9.6% $260 / Sq Ft
05/10/2020 05/10/20 For Sale $519,000 -- $287 / Sq Ft
Source: The MLS

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 $6,631 $514,154 $378,850 $135,304
2024 $6,631 $504,073 $371,422 $132,651
2023 $6,508 $494,190 $364,140 $130,050
2022 $6,217 $484,500 $357,000 $127,500
2021 $6,135 $475,000 $350,000 $125,000
2020 $5,569 $418,200 $306,000 $112,200
2019 $5,358 $410,000 $300,000 $110,000
2018 $5,617 $430,000 $295,100 $134,900
2016 $4,340 $328,000 $178,100 $149,900
2015 $4,597 $350,000 $190,000 $160,000
2014 $4,237 $312,000 $170,200 $141,800
Source: Public Records

Agents Affiliated with this Home

  • Patricia Malik

    Seller's Agent in 2020

    Patricia Malik

    West Shores Realty, Inc.

    (310) 560-1315

    5 Total Sales

    Patricia Malik
    Section Image

  • A

    Buyer's Agent in 2020

    Alen Agadzhanyan

See All Agents

Map

Source: The MLS

MLS Number: 20-576332

The MLS

APN: 6065-016-012

California Los Angeles County Los Angeles 90002 Watts

1561 E 106th St Unit 1563, Los Angeles, CA

Not Listed for Sale

MultiFamily

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