NOT LISTED FOR SALE

1568 E 117th Place Los Angeles, CA 90059

Estimated Value: $1,196,000 - $1,265,000

10 Beds
8 Baths
3,998 Sq Ft
$311/Sq Ft Est. Value

Last Sold October 31, 2024

Last sale price $1,220,000 $305 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,866/month

100 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Back and Front Yard
  • Compton Early College Rated 9+
  • Wrought Iron Fence
  • 4-minute walk to George Washington Carver Park

About This Home

As of October 2024

Welcome to this beautiful duplex that include two townhomes - Great Rents & High Potential! Each unit has 5 bedrooms and 4 bathrooms that each include one bedroom and one bathroom downstairs. Discover the charm and potential of this beautifully duplex, these two spacious townhomes that blend modern upgrades with classic elegance. Perfectly suited for investors or homeowners looking for rental income, this property promises both immediate returns and future appreciation. Enjoy the privacy of a full fenced yard perfect for outdoor activities. This property includes an extra wide driveway that allows for extra parking spaces for residents and or visitors. Great investment opportunity, contact me for a private showing.

Last Agent to Sell the Property

Angelica Marquez

J. Elite Realtors Brokerage Phone: 714-757-8534 License #01754332 Listed on: 06/22/2024

J. Elite Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,133

Year Built

  • Built in 2020

Lot Details

  • 6,856 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Back and Front Yard

Parking

  • 5 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 3,998 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Additional Features

  • Suburban Location
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 21 / 8
  • Tax Tract Number 5018
  • Assessor Parcel Number 6149010015
  • $1,049 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,000
  • Operating Expense $2,000
  • Gross Income $97,600
  • Net Operating Income $97,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,133

Year Built

Built in 2020

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Zoning: LCR2YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6149010015
  • Year Built: 2020
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 305.15

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Available, Water Available
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6856.00
  • Lot Size Acres: 0.1574

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 97600.00
  • Gross Operating Income: 99600.00
  • Gross Scheduled Income: 99600.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6856.0000 Square Feet
  • Net Operating Income: 97600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2000.00
  • Rent Control: No
  • Total Actual Rent: 7800.00
  • Total Expenses: 2000.00

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 5407.00
  • Tax Lot: 21
  • Tax Tract Number: 5018
  • TaxOtherAnnualAssessmentAmount: 1049.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2024
Closed on
Oct 6, 2024
Sold by
Navarro Erick A
Bought by
Kim Mark P and Kim Su Jin
Seller's Agent
Angelica Marquez
J. Elite Realtors
List Price
$1,299,000
Sold Price
$1,220,000
Premium/Discount to List
-$79,000
-6.08%
Views
37
Current Estimated Value
$1,243,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,622
Avg. Annual Appreciation
1.77%
Original Mortgage
$976,000
Outstanding Balance
$961,058
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$282,564

Purchase Details

Closed on
May 22, 2020
Sold by
Idd Investments Group Inc
Bought by
Nve Investments Group Inc

Purchase Details

Closed on
May 12, 2020
Sold by
Razaz Ida Javadi
Bought by
Idd Investment Group Inc

Purchase Details

Closed on
Apr 16, 2020
Sold by
Idd Investment Group Inc
Bought by
Razaz Ida Javadi

Purchase Details

Closed on
Feb 23, 2018
Sold by
Rhema 12 Llc
Bought by
Idd Investments Group Inc

Purchase Details

Closed on
Feb 9, 2018
Sold by
Baeza Ed and Baeza Concepcion
Bought by
Rhema 12 Llc

Purchase Details

Closed on
Aug 10, 2006
Sold by
Baeza Ed and Baeza Concepcion
Bought by
Baeza Ed and Baeza Concepcion
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
Kim Mark P $1,220,000 First American Title Company
Nve Investments Group Inc $900,000 Wfg National Title Co Of Ca
Idd Investment Group Inc -- Wfg National Title Co Of Ca
Razaz Ida Javadi -- Accommodation
Idd Investments Group Inc -- Provident Title Company
Rhema 12 Llc $310,000 Fidelity National Title Comp
Baeza Ed -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Mark P $976,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $1,220,000 -2.3% $305 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
08/16/2024 08/16/24 Price Changed $1,249,000 -2.4% $312 / Sq Ft
08/08/2024 08/08/24 Price Changed $1,279,888 -0.6% $320 / Sq Ft
08/06/2024 08/06/24 Price Changed $1,288,000 -0.8% $322 / Sq Ft
06/22/2024 06/22/24 For Sale $1,299,000 -- $325 / 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 $16,133 $1,220,000 $700,000 $520,000
2024 $16,133 $1,244,400 $816,000 $428,400
2023 $12,238 $946,060 $473,030 $473,030
2022 $11,121 $927,510 $463,755 $463,755
2021 $12,282 $909,324 $454,662 $454,662
2020 $4,503 $322,523 $258,019 $64,504
2019 $4,464 $316,200 $252,960 $63,240
2018 $1,148 $43,660 $21,830 $21,830
2016 $1,091 $41,966 $20,983 $20,983
2015 $1,056 $41,336 $20,668 $20,668
2014 $1,052 $40,528 $20,264 $20,264
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24127869

California Regional Multiple Listing Service (CRMLS)

APN: 6149-010-015