NOT LISTED FOR SALE

1617 E 89th St Los Angeles, CA 90002

Estimated Value: $838,000 - $991,000

6 Beds
5 Baths
2,370 Sq Ft
$382/Sq Ft Est. Value

Last Sold July 22, 2016

Last sale price $395,500 $167 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $5,437/month

19 Days on Market

Highlights

  • Gated Parking
  • Ceiling Fan
  • 1-Story Property
  • 2 Car Attached Garage

About This Home

As of July 2016

GREAT RENTAL INCOME!!! INVESTORS DREAM PROPERTY...THIS IS A TECHNICALLY A DUPLEX (2 UNIT) HOWEVER, IT HAS BEEN CONVERTED INTO 3 SEPARATE UNITS, EACH WITH OWN ACCESS. 1ST UNIT 3BD+2BA, 2ND UNIT 2BD+2BA, 3RD UNIT 1BD+1BATH. LARGE SPACIOUS ROOMS, LOTS OF WINDOWS BRINGS IN GREAT NATURAL SUNLIGHT. ALL UNITS JUST NEED SOME TLC/UPDATES. LOCATED RIGHT NEXT TO PARK, SCHOOL NEARBY WALKING DISTANCE, GROCERY STORES, COMMUNITY RECREATIONAL CENTER ACROSS THE STREET, TONS OF AMENITIES IN WALKING DISTANCE. PROPERTY SOLD IN AS-IS CONDITION, NO REPAIRS WILL BE MADE. BUYER MUST VERIFY PERMITS AND DO THEIR OWN INSPECTIONS/VERIFICATIONS. ~WONT LAST...

Last Agent to Sell the Property

Hyon Chong

AIE Realty Inc License #01719866 Listed on: 06/22/2016

Last Buyer's Agent

Outside Agent

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,570

Interior Spaces

  • 2,370 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 2 Car Attached Garage
  • Driveway
  • Gated Parking

Additional Features

  • 5,570 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 6044-004-033

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: GREAT RENTAL INCOME!!! INVESTORS DREAM PROPERTY...THIS IS A TECHNICALLY A DUPLEX (2 UNIT) HOWEVER, IT HAS BEEN CONVERTED INTO 3 SEPARATE UNITS, EACH WITH OWN ACCESS. 1ST UNIT 3BD+2BA, 2ND UNIT 2BD+2BA, 3RD UNIT 1BD+1BATH. LARGE SPACIOUS ROOMS, LOTS OF WINDOWS BRINGS IN GREAT NATURAL SUNLIGHT. ALL UNITS JUST NEED SOME TLC/UPDATES. LOCATED RIGHT NEXT TO PARK, SCHOOL NEARBY WALKING DISTANCE, GROCERY STORES, COMMUNITY RECREATIONAL CENTER ACROSS THE STREET, TONS OF AMENITIES IN WALKING DISTANCE. PROPERTY SOLD IN AS-IS CONDITION, NO REPAIRS WILL BE MADE. BUYER MUST VERIFY PERMITS AND DO THEIR OWN INSPECTIONS/VERIFICATIONS. ~WONT LAST...THIS IS A BANK OWNED PROPERTY. TO GET SHOWING INSTRUCTIONS, TEXT ONLY TO HEATHER CHONG 213-550-7070, WITH YOUR NAME, BROKERAGE, BRE#, DATE & TIME OF SHOWING. PROPERTY IS SOLD IN AS-IS CONDITION. SELLER WILL NOT PAY FOR REPAIRS OR PROVIDE WARRANTY. PROPERTY IS A DUPLEX THAT HAS BEEN CONVERTED TO 3 UNITS. SELLER HAS NO PERMITS ON RECORD. BUYER TO DO OWN INSPECTION'S AND DUE DILIGENCE ON PERMITS & VIOLATIONS, IF ANY. EMAIL COMPLETE OFFERS TO HEATHER.CHONG@ROG-PRIME.COM (PURCHASE AGREEMENT, PROOF OF FUNDS, PRE APPROVAL LETTER (IF APPLICABLE).
  • Living Area: 2370
  • Stories: 1
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 5.00
  • Equipment: Ceiling Fan, Hood Fan
  • Price Per S Q F T: 168.35

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Attached, Driveway - Concrete, Gated
  • Total Parking: 2

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 307005
  • Assessed Land Value: 193299
  • Assessor Parcel Number: 6044-004-033
  • Geocode Override: No
  • Lot Size Area: 5570

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Type Of Units: 3 UNITS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2017
Sold by
Leung Ying Yan
Bought by
Linares Carlos R
Current Estimated Value
$904,312

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
Outstanding Balance
$331,609
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$572,703

Purchase Details

Listed on
Jun 22, 2016
Closed on
Jul 20, 2016
Sold by
Westvue Npl Trust Ii
Bought by
Leung Ying Yan and The Ying Yan Leung 2008 Trust
Seller's Agent
Hyon Chong
AIE Realty Inc
Buyer's Agent
Outside Agent
List Price
$399,000
Sold Price
$395,500
Premium/Discount to List
-$3,500
-0.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.11%

Purchase Details

Closed on
Jan 13, 2016
Sold by
Perez Jose
Bought by
Westvue Npl Trust Ii

Purchase Details

Closed on
Mar 2, 2007
Sold by
Perez Jose Alejandro
Bought by
Perez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,000
Interest Rate
7.62%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 10, 2007
Sold by
Perez Jose Alejandro
Bought by
Perez Jose Alejandro and Francisco Perez D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,000
Interest Rate
7.62%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 29, 2005
Sold by
Perez Francisco
Bought by
Perez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
6.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 25, 2004
Sold by
Perez Delfino
Bought by
Perez Francisco

Purchase Details

Closed on
Feb 4, 2004
Sold by
Torres H Adrian
Bought by
Perez Delfino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2002
Sold by
Garcia Maura Perez
Bought by
Perez Delfino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,968
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 6, 2002
Sold by
Ramos Ernesto
Bought by
Perez Francisco and Perez Delfino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,968
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 25, 2002
Sold by
Olivo Ezequiel L
Bought by
Ramos Ernesto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,968
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
May 3, 2001
Sold by
Nationscredit Home Equity Services Corp
Bought by
Olivo Ezequiel L and Ramos Ernesto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.15%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 31, 2000
Sold by
Pitts Shekinah M
Bought by
Nationscredit Home Equity Svcs Corp

Purchase Details

Closed on
Apr 27, 1999
Sold by
Help Public Service Foundation
Bought by
Pitts Shekinah M and Simmons Lakeisha R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,750
Interest Rate
10.25%

Purchase Details

Closed on
Oct 23, 1997
Sold by
Hud
Bought by
Help Public Service Foundation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
7.49%

Purchase Details

Closed on
Aug 11, 1997
Sold by
Fleet Mtg Corp
Bought by
Hud

Purchase Details

Closed on
May 28, 1997
Sold by
Ortiz Jose L
Bought by
Fleet Mtg Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Linares Carlos R $500,000 Title 365
Leung Ying Yan $395,500 Title365
Westvue Npl Trust Ii $349,000 None Available
Perez Jose -- None Available
Perez Jose Alejandro -- None Available
Perez Jose $440,000 Security Union Title Company
Perez Francisco -- --
Perez Delfino -- Lawyers Title
Perez Delfino -- First American Title Co
Perez Francisco $259,000 First American Title Co
Ramos Ernesto -- American Title Co
Olivo Ezequiel L $80,000 Lawyers Title
Nationscredit Home Equity Svcs Corp $64,900 Stewart Title
Pitts Shekinah M $115,454 Commonwealth Land Title Co
Help Public Service Foundation $74,000 --
Hud -- Fidelity National Title Ins
Fleet Mtg Corp $82,022 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Linares Carlos R $400,000
Previous Owner Perez Jose $383,000
Previous Owner Perez Jose $352,000
Previous Owner Perez Delfino $292,500
Previous Owner Perez Francisco $254,968
Previous Owner Olivo Ezequiel L $145,000
Previous Owner Pitts Shekinah M $97,750
Previous Owner Help Public Service Foundation $77,000
Closed Pitts Shekinah M $11,500
Closed Olivo Ezequiel L $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2016 07/22/16 Sold $395,500 -0.9% $167 / Sq Ft
06/22/2016 06/22/16 For Sale $399,000 -- $168 / Sq Ft
Source: The MLS

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 $8,491 $580,287 $255,326 $324,961
2024 $8,491 $568,910 $250,320 $318,590
2023 $8,103 $557,756 $245,412 $312,344
2022 $7,749 $546,820 $240,600 $306,220
2021 $7,657 $536,099 $235,883 $300,216
2019 $7,436 $520,200 $228,888 $291,312
2018 $7,298 $510,000 $224,400 $285,600
2016 $6,914 $507,932 $196,246 $311,686
2015 $6,810 $500,304 $193,299 $307,005
2014 $6,810 $490,505 $189,513 $300,992
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-137738

The MLS

APN: 6044-004-033