NOT LISTED FOR SALE

159 W 89th St Los Angeles, CA 90003

Broadway-Manchester Neighborhood

Estimated Value: $1,108,386 - $1,426,000

10 Beds
6 Baths
3,506 Sq Ft
$360/Sq Ft Est. Value

Last Sold December 24, 2019

Last sale price $840,000 $240 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $7,603/month

60 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • 1-Story Property

About This Home

As of December 2019

Excellent Investment Property - DUPLEX Built in 2016. 5 Bedrooms and 3 Baths in each unit. 3 Car Garage. Duplex totals 3506 SF. Dual Pane Windows. Kitchen with Granite Counter tops. $5,800 Rental Income every Month

Last Agent to Sell the Property

Cary Hairabedian

RE/MAX College Park Realty License #00876519 Listed on: 09/13/2019

RE/MAX College Park Realty

Last Buyer's Agent

Cary Hairabedian

RE/MAX College Park Realty License #00876519 Listed on: 09/13/2019

RE/MAX College Park Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,239

Year Built

  • Built in 2016

Lot Details

  • 5,400 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,506 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Listing and Financial Details

  • Tax Lot 76
  • Tax Tract Number 672
  • Assessor Parcel Number 6040027013

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $780
  • Insurance Expense $1,000
  • Water Sewer Expense $4,200
  • New Taxes Expense $11,250
  • Operating Expense $17,230
  • Gross Income $6,000
  • Net Operating Income $52,370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,239

Year Built

Built in 2016

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4200.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 6040027013
  • Year Built: 2016
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 239.59

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 5400.00
  • Lot Size Acres: 0.1240

Multi Family

  • Gross Income: 6000.00
  • Gross Scheduled Income: 69600.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5400.0000 Square Feet
  • Net Operating Income: 52370.00
  • 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: 17230.00
  • Rent Control: No
  • Total Expenses: 17230.00

Tax Info

  • New Taxes Expense: 11250.00
  • Tax Census Tract: 2402.00
  • Tax Lot: 76
  • Tax Tract Number: 672

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2019
Sold by
Management Llc
Bought by
Lai Sarorth and Lai Albert
Current Estimated Value
$1,261,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2016
Sold by
Ocean Development Inc
Bought by
Three Star Land Management Llc

Purchase Details

Closed on
Feb 25, 2016
Sold by
Rosales Antonia M
Bought by
Ocean Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.72%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 2, 2014
Sold by
Sanchez Salvador
Bought by
Rosales Antonia M

Purchase Details

Closed on
Jan 25, 2011
Sold by
Coldwater Canyon Partners Llc
Bought by
Sanchez Salvador and Rosales Antonia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,183
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 10, 2010
Sold by
Ramos Francisco
Bought by
Coldwater Canyon Partners Llc

Purchase Details

Closed on
Sep 13, 2006
Sold by
Diaz Oscar and Diaz Juana E
Bought by
Ramos Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,900
Interest Rate
7.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 4, 2002
Sold by
Morales Pascual
Bought by
Diaz Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.25%
Source: Public Records

Range of Values:

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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
Lai Sarorth $840,000 Lawyers Title
Three Star Land Management Llc $1,390,000 Lawyers Title
Ocean Development Inc $250,000 Provident Title Co
Rosales Antonia M -- None Available
Sanchez Salvador $190,000 Lawyers Title
Coldwater Canyon Partners Llc $135,000 None Available
Ramos Francisco $377,000 Old Republic Title Company
Diaz Oscar $140,000 American Title Co
Morales Pascual -- American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lai Sarorth $608,000
Previous Owner Ocean Development Inc $400,000
Previous Owner Sanchez Salvador $185,183
Previous Owner Ramos Francisco $263,900
Previous Owner Diaz Oscar $112,000
Closed Diaz Oscar $28,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/24/2019 12/24/19 Sold $840,000 0.0% $240 / Sq Ft
11/12/2019 11/12/19 Pending -- -- --
09/13/2019 09/13/19 For Sale $840,000 -- $240 / 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 $11,239 $918,658 $437,456 $481,202
2024 $11,239 $900,646 $428,879 $471,767
2023 $11,024 $882,987 $420,470 $462,517
2022 $10,515 $865,675 $412,226 $453,449
2021 $10,373 $848,702 $404,144 $444,558
2019 $8,579 $697,068 $197,676 $499,392
2018 $8,505 $683,400 $193,800 $489,600
2016 $2,862 $227,178 $156,913 $70,265
2015 $2,821 $223,767 $154,557 $69,210
2014 $2,585 $198,571 $87,371 $111,200
Source: Public Records

Agents Affiliated with this Home

  • Cary Hairabedian

    Seller's Agent in 2019

    Cary Hairabedian

    RE/MAX

    3 in this area

    92 Total Sales

    Cary Hairabedian
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19263384

California Regional Multiple Listing Service (CRMLS)

APN: 6040-027-013

California Los Angeles County Los Angeles 90003 Broadway-Manchester

159 W 89th St, Los Angeles, CA

This home is located at 159 W 89th St, Los Angeles, CA 90003 since 13 September 2019 and is currently estimated at $1,261,097, approximately $359 per square foot. This property was built in 2016. 159 W 89th St is a home located in Los Angeles County with nearby schools including Dr. Owen Lloyd Knox Elementary School, Bret Harte Preparatory Middle School, and KIPP Empower 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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