NOT LISTED FOR SALE

1605 W 87th St Los Angeles, CA 90047

Gramercy Park Neighborhood

Estimated Value: $757,000 - $1,167,858

4 Beds
5 Baths
2,976 Sq Ft
$333/Sq Ft Est. Value

Last Sold June 08, 2015

Last sale price $540,000 $181 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $6,082/month

55 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Wall Furnace
  • Private Yard

About This Home

As of June 2015

Adjacent to all major new development projects - Regular sale: Great owner/user property! Extra clean 4 unit in excellent condition for that large extended family looking tho stay together. Or, also a great investment property for an investor looking for steady income in an establish neighborhood with pride of ownership! The entire complex has been cosmetically enhanced with new exterior stucco paint, updated bathrooms/kitchens, too much to list. Property offers plenty of parking for all units and separate yard area for front detached home.

Last Agent to Sell the Property

Xio Sandoval

CENTURY 21 REALTY MASTERS License #01308913 Listed on: 03/21/2015

CENTURY 21 REALTY MASTERS

Last Buyer's Agent

Jose Monterroza

First Family Homes License #01276551

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,162

Year Built

  • Built in 1925

Lot Details

  • 6,581 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • 2,976 Sq Ft Home
  • Contemporary Architecture

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 23
  • Tax Tract Number 6220
  • Assessor Parcel Number 6037001021

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $50
  • Water Sewer Expense $100
  • New Taxes Expense $6,812
  • Gross Income $1,450
  • Net Operating Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,162

Year Built

Built in 1925

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 100.00
  • Zoning: LAR1
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 6037001021
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 181.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 6581.00
  • Lot Size Acres: 0.1510

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 1450.00
  • Gross Scheduled Income: 17400.00
  • Insurance Expense: 50.00
  • Lot Size Area: 6581.0000 Square Feet
  • Net Operating Income: 15600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 4
  • Operating Expense: 1800.00
  • Rent Control: Yes
  • Total Actual Rent: 1450.00

Tax Info

  • New Taxes Expense: 6812.00
  • Tax Lot: 23
  • Tax Tract Number: 6220
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2015
Closed on
May 13, 2015
Sold by
100 Or Better Llc
Bought by
Guerrero Ivan
Seller's Agent
Xio Sandoval
CENTURY 21 REALTY MASTERS
Buyer's Agent
Jose Monterroza
First Family Homes
List Price
$549,000
Sold Price
$540,000
Premium/Discount to List
-$9,000
-1.64%
Current Estimated Value
$991,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$451,465
Avg. Annual Appreciation
5.85%
Original Mortgage
$525,309
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 16, 2014
Closed on
Aug 21, 2014
Sold by
Johnson Ida Mae and The George W Taylor Trust
Bought by
100 Or Better Llc
Seller's Agent
Joseph Soaris
Keller Williams Los Angeles
Buyer's Agent
Joseph Soaris
Keller Williams Los Angeles
List Price
$400,000
Sold Price
$300,000
Premium/Discount to List
-$100,000
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
116.71%
Original Mortgage
$232,500
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Guerrero Ivan $540,000 None Available
100 Or Better Llc $300,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guerrero Ivan $495,000
Closed Guerrero Ivan $525,309
Previous Owner 100 Or Better Llc $232,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2015 06/08/15 Sold $540,000 -1.6% $181 / Sq Ft
05/15/2015 05/15/15 Pending -- -- --
03/21/2015 03/21/15 For Sale $549,000 +83.0% $184 / Sq Ft
09/04/2014 09/04/14 Sold $300,000 -25.0% $101 / Sq Ft
06/19/2014 06/19/14 Pending -- -- --
06/16/2014 06/16/14 For Sale $400,000 -- $134 / 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 $8,162 $648,989 $390,598 $258,391
2024 $8,162 $636,265 $382,940 $253,325
2023 $8,015 $623,790 $375,432 $248,358
2022 $7,658 $611,560 $368,071 $243,489
2021 $7,551 $599,569 $360,854 $238,715
2020 $7,623 $593,422 $357,154 $236,268
2019 $7,334 $581,787 $350,151 $231,636
2018 $7,220 $570,381 $343,286 $227,095
2016 $6,888 $548,234 $329,956 $218,278
2015 $3,930 $300,000 $150,000 $150,000
2014 -- $76,428 $22,526 $53,902
Source: Public Records

Agents Affiliated with this Home

  • Xio Sandoval

    Seller's Agent in 2015

    Xio Sandoval

    CENTURY 21 REALTY MASTERS

    (323) 253-5456

    1 in this area

    108 Total Sales

    Xio Sandoval
    Section Image

  • J

    Buyer's Agent in 2015

    Jose Monterroza

    First Family Homes

    Section Image

  • J

    Seller's Agent in 2014

    Joseph Soaris

    Keller Williams Los Angeles

    (310) 862-1797

    18 Total Sales

    Joseph Soaris
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB15060634

California Regional Multiple Listing Service (CRMLS)

APN: 6037-001-021

California Los Angeles County Los Angeles 90047 Gramercy Park

1605 W 87th St, Los Angeles, CA

This home is located at 1605 W 87th St, Los Angeles, CA 90047 since 21 March 2015 and is currently estimated at $991,465, approximately $333 per square foot. This property was built in 1925. 1605 W 87th St is a home located in Los Angeles County with nearby schools including La Salle Avenue Elementary School, Horace Mann Ucla Community, and George Washington Preparatory High School.

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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