NOT LISTED FOR SALE

159 E 109th St Los Angeles, CA 90061

Broadway-Manchester Neighborhood

Estimated Value: $728,000 - $1,353,000

6 Beds
2 Baths
1,925 Sq Ft
$495/Sq Ft Est. Value

Last Sold March 31, 2018

Last sale price $500,000 $260 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $5,684/month

16 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Floor Furnace
  • Property is near public transit
  • Tile Flooring
  • Rectangular Lot

About This Home

As of March 2018

Fantastic for first time buyer or investor. Two separate units. Owners live in front unit and they will move at the close of escrow.
Live in one and rent the second unit for extra income. Front unit 3 bed 1 bath. Rear unit is 3 bed 1 bath rented for $ 1400. a month

Last Agent to Sell the Property

Francisco Arce

CJM Realty License #00934626 Listed on: 01/23/2018

Last Buyer's Agent

Martin Soto

Guadalajara Realty License #01029069

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,378

Year Built

  • Built in 1924

Lot Details

  • 8,104 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Paved or Partially Paved Lot

Parking

  • 1 Car Garage

Home Design

  • 1,925 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Utilities

  • Floor Furnace
  • Wall Furnace

Additional Features

  • Laundry Room
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 4449
  • Assessor Parcel Number 6073001029

Community Details

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Water Sewer Expense $1,500
  • New Taxes Expense $7,000
  • Operating Expense $9,500
  • Gross Income $38,400
  • Net Operating Income $28,900

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,378

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6073001029
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Price Per Square Foot: 259.74
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Near Public Transit, Paved
  • Lot Size Sq Ft: 8104.00

Multi Family

  • Average3 Bed Area: 1068 Square Feet
  • Gross Income: 38400.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 28900.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 9500.00
  • Rent Control: Yes
  • Total Actual Rent: 16800.00
  • Total Expenses: 9500.00

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Census Tract: 2411.10
  • Tax Lot: 34
  • Tax Tract Number: 4449

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2018
Closed on
Mar 8, 2018
Sold by
Mauricio Angela and Mauricio William
Bought by
Ramirez Adrian and Ramirez Miguel
Seller's Agent
Francisco Arce
CJM Realty
Buyer's Agent
Martin Soto
Guadalajara Realty
List Price
$499,000
Sold Price
$500,000
Premium/Discount to List
$1,000
0.2%
Current Estimated Value
$952,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$452,357
Avg. Annual Appreciation
8.93%
Original Mortgage
$473,137
Outstanding Balance
$409,431
Interest Rate
4.62%
Mortgage Type
FHA
Estimated Equity
$542,926

Purchase Details

Closed on
Dec 22, 2017
Sold by
Mauricio Angela
Bought by
Mauricio Angela and Mauricio William

Purchase Details

Closed on
Nov 29, 2006
Sold by
Hernandez Ramon
Bought by
Mauricio Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.11%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 23, 2002
Sold by
Hernandez Angela and Garcia Jose
Bought by
Hernandez Ramon

Purchase Details

Closed on
Aug 28, 2000
Sold by
Hernandez Maria T
Bought by
Hernandez Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,091
Interest Rate
8.2%
Mortgage Type
FHA

Purchase Details

Closed on
May 18, 1999
Sold by
Hernandez Luis and Ruano Lucia
Bought by
Hernandez Ramon and Hernandez Angela

Purchase Details

Closed on
Nov 25, 1997
Sold by
Hernandez Maria
Bought by
Hernandez Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,886
Interest Rate
7.23%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 23, 1997
Sold by
Hud
Bought by
Hernandez Ramon and Hernandez Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,886
Interest Rate
7.23%
Mortgage Type
FHA

Purchase Details

Closed on
May 16, 1997
Sold by
Midfirst Bank State Svgs Bank
Bought by
Hud

Purchase Details

Closed on
Oct 4, 1996
Sold by
Thomas Palestine and Midfirst Bank
Bought by
Midfirst Bank

Purchase Details

Closed on
Nov 24, 1995
Sold by
Thomas Palestine and Midfirst Bank State Svgs Bank
Bought by
Midfirst Bank State Svgs Bank
Source: Public Records

Range of Values:

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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
Ramirez Adrian $500,000 First American Title Company
Mauricio Angela -- None Available
Mauricio Angela -- Progressive Title Company
Mauricio Angela -- Progressive Title Company
Hernandez Ramon -- --
Hernandez Ramon -- United Title Company
Hernandez Ramon -- --
Hernandez Ramon -- --
Hernandez Ramon $160,000 --
Hud -- Stewart Title
Midfirst Bank $102,400 Stewart Title
Midfirst Bank State Svgs Bank $110,990 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Adrian $473,137
Previous Owner Mauricio Angela $75,000
Previous Owner Mauricio Angela $264,000
Previous Owner Hernandez Ramon $256,000
Previous Owner Hernandez Roman $211,500
Previous Owner Hernandez Ramon $204,091
Previous Owner Hernandez Ramon $196,886
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2018 03/31/18 Sold $500,000 +0.2% $260 / Sq Ft
02/08/2018 02/08/18 Pending -- -- --
01/23/2018 01/23/18 For Sale $499,000 -- $259 / 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 $7,378 $568,909 $398,238 $170,671
2024 $7,378 $557,755 $390,430 $167,325
2023 $7,242 $546,820 $382,775 $164,045
2022 $6,921 $536,099 $375,270 $160,829
2021 $6,832 $525,588 $367,912 $157,676
2020 $6,894 $520,200 $364,140 $156,060
2019 $6,634 $510,000 $357,000 $153,000
2018 $3,227 $227,566 $104,411 $123,155
2016 $3,068 $218,731 $100,357 $118,374
2015 $3,023 $215,446 $98,850 $116,596
2014 $3,040 $211,227 $96,914 $114,313
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2018

    Francisco Arce

    CJM Realty

    (310) 528-3043

    7 Total Sales

    Francisco Arce
    Section Image

  • M

    Buyer's Agent in 2018

    Martin Soto

    Guadalajara Realty

    (323) 707-1840

    18 Total Sales

    Martin Soto
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18017080

California Regional Multiple Listing Service (CRMLS)

APN: 6073-001-029

California Los Angeles County Los Angeles 90061 Broadway-Manchester

159 E 109th St, Los Angeles, CA

This home is located at 159 E 109th St, Los Angeles, CA 90061 since 23 January 2018 and is currently estimated at $952,357, approximately $494 per square foot. This property was built in 1924. 159 E 109th St is a home located in Los Angeles County with nearby schools including One Hundred Seventh Street Elementary School, Samuel Gompers Middle School, and Alain Leroy Locke College Prep Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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