NOT LISTED FOR SALE

Estimated Value: $1,053,000 - $1,374,000

6 Beds
4 Baths
2,191 Sq Ft
$535/Sq Ft Est. Value

Last Sold November 27, 2019

Last sale price $905,000 $413 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $7,342/month

14 Days on Market

Highlights

  • Primary Bedroom Suite
  • Wood Flooring
  • Double Pane Windows
  • Mountain View
  • Plantation Shutters
  • 3-minute walk to Denker Recreation Center

About This Home

As of November 2019

Great Investment Opportunity in the heart of Los Angeles! Two non-rent controlled fully rented houses on one lot located in a steadily gentrifying and sought after area right next to USC, the new Metro Exposition Line, the LAFC Soccer Stadium and lots of new development. Both houses have been well maintained and each host 3 bedrooms and two bathrooms. Light and bright living spaces and wood floors throughout lead into ample sized kitchens with stainless steel appliances and tile backsplashes in both homes. The bathrooms have been well maintained and are up to date and all of the bedrooms leave plenty of room to make your own. The back unit features a large master suite which brings larger rental income potential, an attached garage and fenced in backyard with drought resistant materials and charming Edison lighting. Don’t miss this amazing investment opportunity in the highly sought after rental area near USC.

Last Agent to Sell the Property

Eric Delgado

Luxury Collective License #01831579 Listed on: 10/31/2019

Co-Listed By

Sandro Bononni

Luxury Collective License #01401037

Last Buyer's Agent

Giovanni Morales

Century 21 Realty Masters License #01902070

Century 21 Realty Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,026

Year Built

  • Built in 2004

Lot Details

  • 6,803 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 2 Car Garage

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Duplex

Interior Spaces

  • 2,191 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Plantation Shutters
  • Wood Flooring

Kitchen

  • Gas Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom Suite
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 21 / B
  • Tax Tract Number 2225
  • Assessor Parcel Number 5041008022

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $850
  • Other Expense $469
  • Operating Expense $6,478
  • Gross Income $58,800
  • Net Operating Income $52,322

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,026

Year Built

Built in 2004

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • View: Yes
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5041008022
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 413.05
  • Room Type: All Bedrooms Down, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite
  • Window Features: Double Pane Windows, Plantation Shutters

Exterior Features

  • View: Mountain(s), Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Laundry: Yes
  • Appliances: Gas Cooktop, Microwave
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6803.00
  • Lot Size Acres: 0.1562
  • Latitude Manual: 34.02390900

Multi Family

  • Gross Income: 58800.00
  • Gross Scheduled Income: 58800.00
  • Insurance Expense: 850.00
  • Lot Size Area: 6803.0000 Square Feet
  • Net Operating Income: 52322.00
  • 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: 6478.00
  • Other Expense: 469.00
  • Other Expense Description: REMARKS
  • Rent Control: No
  • Total Actual Rent: 58800.00
  • Total Expenses: 6478.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 2225.00
  • Tax Lot: 21
  • Tax Tract Number: 2225

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2020
Sold by
1446 W 37Th Street Llc
Bought by
1575 W 35Th Pl Llc
Current Estimated Value
$1,172,672

Purchase Details

Listed on
Oct 31, 2019
Closed on
Nov 27, 2019
Sold by
1446 W 37Th St Llc
Bought by
1446 W 37Th St Llc
Seller's Agent
Eric Delgado
Luxury Collective
Buyer's Agent
Giovanni Morales
Century 21 Realty Masters
List Price
$890,000
Sold Price
$905,000
Premium/Discount to List
$15,000
1.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.46%

Purchase Details

Listed on
Oct 31, 2019
Closed on
Nov 21, 2019
Sold by
Lewis Lonelyss C
Bought by
1446W 37Th Street Llc
Seller's Agent
Eric Delgado
Luxury Collective
Buyer's Agent
Giovanni Morales
Century 21 Realty Masters
List Price
$890,000
Sold Price
$905,000
Premium/Discount to List
$15,000
1.69%

Purchase Details

Closed on
Mar 8, 2019
Sold by
Lewis Lonelyss C and Lewis Lonelyss
Bought by
Lewis Lonelyss C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$546,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2014
Sold by
Lewis Elizabeth
Bought by
Lewis Lonelyss

Purchase Details

Closed on
Aug 28, 2008
Sold by
Lewis Elizabeth H and Lewis Lonelyss C
Bought by
Lewis Elizabeth H and Lewis Lonelyss C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2004
Sold by
Lewis Elizabeth H and Lewis Lonelyss C
Bought by
Lewis Elizabeth H and Lewis Lonelyss C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2000
Sold by
Lewis Elizabeth H
Bought by
Lewis Lonelyss C

Purchase Details

Closed on
Dec 26, 1998
Sold by
Hill Emma Lou
Bought by
Lewis Lonelyss C
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
1575 W 35Th Pl Llc -- Accommodation
1446 W 37Th St Llc -- Lawyers Title
1446W 37Th Street Llc $905,000 Lawyers Title Company
Lewis Lonelyss C -- Orange Coast Title
Lewis Lonelyss -- None Available
Lewis Elizabeth H -- Ort
Lewis Elizabeth H -- Lawyers Title
Lewis Lonelyss C -- --
Lewis Lonelyss C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1575 W 37Th Pl Llc $3,300,000
Closed 1575 W 35Th Pl Llc $3,400,000
Closed 1575 W 35Th Pl Llc $1,500,000
Previous Owner Lewis Lonelyss C $546,000
Previous Owner Lewis Lonelyss C $336,000
Previous Owner Lewis Elizabeth H $340,300
Previous Owner Lewis Elizabeth H $350,000
Previous Owner Lewis Elizabeth H $330,000
Previous Owner Lewis Elizabeth H $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2019 11/27/19 Sold $905,000 +1.7% $413 / Sq Ft
11/14/2019 11/14/19 Pending -- -- --
10/31/2019 10/31/19 For Sale $890,000 0.0% $406 / Sq Ft
07/23/2015 07/23/15 Rented $1,725 -1.4% --
06/23/2015 06/23/15 Under Contract -- -- --
03/31/2015 03/31/15 For Rent $1,750 -- --
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 $12,026 $2,704,995 $974,188 $1,730,807
2024 $12,026 $965,699 $955,087 $10,612
2023 $11,800 $946,764 $936,360 $10,404
2022 $11,261 $928,200 $918,000 $10,200
2021 $11,117 $910,000 $900,000 $10,000
2020 $11,281 $905,000 $680,000 $225,000
2019 $2,904 $218,492 $21,066 $197,426
2018 $2,755 $214,208 $20,653 $193,555
2016 $2,615 $205,892 $19,852 $186,040
2015 $2,578 $202,800 $19,554 $183,246
2014 $2,601 $198,828 $19,171 $179,657
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19252966

California Regional Multiple Listing Service (CRMLS)

APN: 5041-008-022