NOT LISTED FOR SALE

Estimated Value: $790,000 - $1,012,000

4 Beds
3 Baths
2,894 Sq Ft
$318/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $820,000 $283 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,842/month

167 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • 4-minute walk to Vernon Station
  • Central Heating and Cooling System
  • Balcony

About This Home

As of January 2022

Great income-producing investment! All units are all tenant-occupied right now. Located in the heart of Los Angeles, the property is a multi-family home with 4 units. This 2894 square foot property sits on a 4,378 square foot lot and features 8 bedrooms and 6 bathrooms. Two units are 2 bed 2 bath and 2 are 2 bed 1 bath There is a large parking space at the back of the house and it can comfortably fit at least 6 cars. Conveniently located 1 mile from the LA memorial coliseum, 2 miles from USC University, LA Convention Center and Trader Joe's, and close to the 110 & 10 freeways. Accelerated Charter Elementary School (TAS) is walking distance from the property. Also, the surrounding area is starting to see a lot of improvements around the west side of the neighborhood. There is great potential! Don't Miss Out!

Last Agent to Sell the Property

Justin Crumlish

EINSTEIN REALTY License #02095781 Listed on: 06/10/2021

Co-Listed By

Mark Pattison

eXp Realty of California, Inc. License #01953760

Last Buyer's Agent

Carlos Estrada

Liberty Investment Group License #01413560

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,715

Year Built

  • Built in 1912

Lot Details

  • 4,378 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,894 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • 3 Bathrooms
  • Fireplace in Bathroom

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Outdoor Features

  • Balcony
  • Fireplace in Patio

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 21
  • Assessor Parcel Number 5106002016

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,715

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: 9512330911
  • Other Phone Number: 9512330911
  • Price Per Unit: 225000
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5106002016
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Bath, Dining Room, Family Room, Kitchen, Living Room, Master Bedroom, Patio
  • Levels: Two
  • Price Per Square Foot: 283.34

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999, No Landscaping
  • Lot Size Sq Ft: 4378.00
  • Lot Size Acres: 0.1005

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Lot Size Area: 4378.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Dec 30, 2021
Sold by
Fonseca Jose
Bought by
Sam Realty Llc
Seller's Agent
Justin Crumlish
EINSTEIN REALTY
Buyer's Agent
Carlos Estrada
Liberty Investment Group
List Price
$950,000
Sold Price
$820,000
Premium/Discount to List
-$130,000
-13.68%
Current Estimated Value
$903,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,906
Avg. Annual Appreciation
3.36%
Original Mortgage
$656,000
Outstanding Balance
$606,667
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$314,706

Purchase Details

Closed on
Apr 20, 1997
Sold by
Salazar Juan
Bought by
Fonseca Jose
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
Sam Realty Llc $820,000 First American Title Company O
Fonseca Jose -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sam Realty Llc $656,000
Previous Owner Fonseca Jose $219,000
Previous Owner Fonseca Jose R $250,000
Previous Owner Fonseca Jose $237,600
Previous Owner Fonseca Jose $162,000
Previous Owner Fonseca Jose $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2022 01/28/22 Sold $820,000 -8.9% $283 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/01/2021 11/01/21 Price Changed $899,999 -5.3% $311 / Sq Ft
06/10/2021 06/10/21 For Sale $950,000 -- $328 / 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 $10,715 $870,190 $604,888 $265,302
2024 $10,715 $853,128 $593,028 $260,100
2023 $10,512 $836,400 $581,400 $255,000
2022 $3,815 $286,748 $116,270 $170,478
2021 $3,755 $281,127 $113,991 $167,136
2019 $3,650 $272,791 $110,611 $162,180
2018 $3,561 $267,443 $108,443 $159,000
2016 $3,379 $257,060 $104,233 $152,827
2015 $3,334 $253,200 $102,668 $150,532
2014 $3,370 $248,241 $100,657 $147,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21112855

California Regional Multiple Listing Service (CRMLS)

APN: 5106-002-016