NOT LISTED FOR SALE

1606 E 32nd St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $1,055,000 - $1,416,000

5 Beds
3 Baths
3,519 Sq Ft
$361/Sq Ft Est. Value

Last Sold September 01, 2020

Last sale price $980,000 $278 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $7,724/month

16 Days on Market

About This Home

As of September 2020

Brand new 2 unit investment property available for a real estate investor or homeowner looking to live in one and rent the other. The property sits nearby Animo Ralph Bunche High School, Animo Jefferson Charter Middle School, Nevin Ave Elementary School, and a plethora of options for dining out and shopping. There is plenty of parking with a 2 car garage and spacious driveway. Both units (5BR/3BA) are separately metered for water/electricity, come with brand new stove/oven, miniblinds, and washer & dryer hookups.

Last Agent to Sell the Property

Keegan Olsen

Olsen Realty License #02096850 Listed on: 07/06/2020

Last Buyer's Agent

Drew Dunn

Four Brothers Real Estate, Inc. License #01941825

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 5,007 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • 3,519 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Gas Dryer Hookup

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 2281
  • Assessor Parcel Number 5117006008

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $720
  • Insurance Expense $1,232
  • Maintenance Expense $800
  • Other Expense $692
  • Professional Management Expense $3,600
  • New Taxes Expense $12,330
  • Operating Expense $16,074
  • Net Operating Income $57,450

Property Details

Home Type

Multi-Family

Year Built

Built in 2020 | New Construction

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.47
  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • New Construction: Yes
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5117006008
  • Year Built: 2020
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 278.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5007.00
  • Lot Size Acres: 0.1149

Multi Family

  • Gross Multiplier: 13.67
  • Gross Scheduled Income: 79200.00
  • Insurance Expense: 1232.00
  • Lot Size Area: 5007.0000 Square Feet
  • Maintenance Expense: 800.00
  • Net Operating Income: 57450.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 19374.00
  • Other Expense: 692.00
  • Other Expense Description: reserves
  • Rent Control: No
  • Total Expenses: 16074.00

Tax Info

  • New Taxes Expense: 12330.00
  • Tax Lot: 20
  • Tax Tract Number: 2281

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2020
Closed on
Aug 24, 2020
Sold by
Casa Real Properties
Bought by
Sim Jae Hun
Seller's Agent
Keegan Olsen
Olsen Realty
Buyer's Agent
Drew Dunn
Four Brothers Real Estate, Inc.
List Price
$1,050,000
Sold Price
$980,000
Premium/Discount to List
-$70,000
-6.67%
Current Estimated Value
$1,270,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,976
Avg. Annual Appreciation
4.98%
Original Mortgage
$735,000
Outstanding Balance
$650,781
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$620,195

Purchase Details

Closed on
Mar 14, 2019
Sold by
Zimbaldi Andrew
Bought by
Casa Real Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
4.3%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 19, 2016
Sold by
Ruiz Luis Armando Macias
Bought by
Ruiz Luis Armando Macias and Carrillo Silvia

Purchase Details

Closed on
Aug 26, 2014
Sold by
Ruiz Gonzala
Bought by
Ruiz Luis Armando Macias

Purchase Details

Closed on
Mar 20, 1995
Sold by
Mendes Miguel and Ruiz Gonsala
Bought by
Ruiz Gonzala
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sim Jae Hun $980,000 Old Republic Title Company
Sim Jae Hun -- Old Republic Title Company
Casa Real Properties Llc $320,000 Orange Coast Title Anaheim
Ruiz Luis Armando Macias -- None Available
Ruiz Luis Armando Macias -- None Available
Ruiz Gonzala -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sim Jae Hun $735,000
Previous Owner Casa Real Properties Llc $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2020 09/01/20 Sold $980,000 -6.7% $278 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
07/06/2020 07/06/20 For Sale $1,050,000 -- $298 / 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 $12,939 $1,060,781 $487,093 $573,688
2024 $12,939 $1,039,983 $477,543 $562,440
2023 $12,691 $1,019,592 $468,180 $551,412
2022 $12,105 $999,600 $459,000 $540,600
2021 $11,945 $980,000 $450,000 $530,000
2020 $4,200 $326,400 $261,120 $65,280
2019 $2,716 $92,887 $48,772 $44,115
2018 $1,274 $91,066 $47,816 $43,250
2016 $1,207 $87,531 $45,960 $41,571
2015 $1,192 $86,217 $45,270 $40,947
2014 $1,119 $84,529 $44,384 $40,145
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Keegan Olsen

    Olsen Realty

  • D

    Buyer's Agent in 2020

    Drew Dunn

    Four Brothers Real Estate, Inc.

    (949) 413-7911

    13 Total Sales

    Drew Dunn
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20129392

California Regional Multiple Listing Service (CRMLS)

APN: 5117-006-008

California Los Angeles County Los Angeles 90011 Central Alameda

1606 E 32nd St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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