$768,000
SOLD DEC 26, 2017

1619 E 87th Place Los Angeles, CA 90002

10 Beds
6 Baths
3,766 Sq Ft
5,670 Sq Ft Lot

Recently Sold

$204 Per Sq Ft

1% Below List Price

12 Days on Market

Highlights

  • Newly Remodeled
  • 4-minute walk to Firestone Station
  • Spanish Architecture
  • Primary Bedroom Suite
  • Maid or Guest Quarters
  • 4-minute walk to Colonel Leon H. Washington Park

About This Home

As of December 2017

LOOK NO FURTHER. BRAND NEW. READY TO OCCUPY. NO RENT CONTROL. PERFECT INCOME PROPERTY TO OCCUPY OR JUST TO RENT. BOTH UNITS ARE 5 BEDS 3 BATHS WITH ALL THE AMENITIES. DOUBLE PANE WINDOWS, STUCCO EXTERIOR, LARGE KITCHEN LIVING AREA, OPEN FLOOR PLAN, PLENTY OF NATURAL LIGHT. LARGE MASTER SUITES, WALK IN CLOSETS, INDOOR LAUNDRY FACILITIES, CENTRAL AIR AND HEAT. NICE LANDSCAPING IN FRONT AND TONS OF PARKING IN THE BACK. CENTRALLY LOCATED TO ALL FREEWAYS, SHOPPING AND ENTERTAINMENT.

Last Agent to Sell the Property

Alicia Ortiz

Real Estate Connection License #01193650 Listed on: 12/08/2017

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,568

Year Built

  • Built in 1922 | Newly Remodeled

Lot Details

  • 5,670 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Spanish Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,766 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Double Pane Windows
  • Panel Doors
  • Family Room
  • Laundry Room

Kitchen

  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 10 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Mirrored Closets Doors
  • Maid or Guest Quarters
  • 6 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating and Cooling System
  • No Utilities
  • Standard Electricity

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 71
  • Tax Tract Number 5351
  • Assessor Parcel Number 6044002033

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • Operating Expense $6,000
  • Gross Income $84,000
  • Net Operating Income $78,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,568

Year Built

Built in 1922 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LCR2YY
  • Architectural Style: Spanish
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 6044002033
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Recessed Lighting, Stone Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s), Panel Doors
  • Levels: Two
  • Price Per Square Foot: 203.93
  • Room Type: All Bedrooms Up, Family Room, Guest/Maid's Quarters, Master Bathroom, Master Bedroom, Master Suite
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: None
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5670.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 84000.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 2400.00
  • Net Operating Income: 78000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Operating Expense: 6000.00
  • Rent Control: No
  • Total Expenses: 6000.00

Tax Info

  • Tax Census Tract: 5351.02
  • Tax Lot: 71
  • Tax Tract Number: 5351

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2017
Sold by
Santana Investors Llc
Bought by
Ishida Keiko
Current Estimated Value
$1,267,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 21, 2017
Closed on
Feb 24, 2017
Sold by
Jac Homes Inc
Bought by
Santana Investors Llc
Seller's Agent
TONY SANCHEZ
BLUE SKY REAL ESTATE CENTER
Buyer's Agent
TONY SANCHEZ
BLUE SKY REAL ESTATE CENTER
List Price
$249,000
Sold Price
$250,000
Premium/Discount to List
$1,000
0.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.22%
Original Mortgage
$175,000
Interest Rate
4.16%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 14, 2016
Sold by
Merritt Antoinette Y
Bought by
Jac Homes Inc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $768,000 Equity Title Company
Grant Deed $250,000 Equity Title
Grant Deed $166,500 Equity Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $537,000 New Conventional
Previous Owner $543,000 New Conventional
Previous Owner $487,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $175,000 Unknown
Previous Owner $540,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $90,000 Fannie Mae Freddie Mac
Previous Owner $75,000 Unknown
Previous Owner $48,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2017 12/26/17 Sold $768,000 -0.9% $204 / Sq Ft
12/08/2017 12/08/17 For Sale $775,000 +210.0% $206 / Sq Ft
03/03/2017 03/03/17 Sold $250,000 0.0% $434 / Sq Ft
02/27/2017 02/27/17 Pending -- -- --
02/25/2017 02/25/17 Off Market $250,000 -- --
02/21/2017 02/21/17 For Sale $249,000 -- $432 / 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 $11,568 $873,847 $432,371 $441,476
2024 $11,568 $856,714 $423,894 $432,820
2023 $11,203 $839,917 $415,583 $424,334
2022 $10,675 $823,449 $407,435 $416,014
2021 $10,542 $807,304 $399,447 $407,857
2019 $10,215 $783,360 $387,600 $395,760
2018 $10,140 $768,000 $380,000 $388,000
2017 $748 $15,785 $10,109 $5,676
2016 $692 $15,476 $9,911 $5,565
2015 $683 $15,245 $9,763 $5,482
2014 $687 $14,947 $9,572 $5,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17272018

California Regional Multiple Listing Service (CRMLS)

APN: 6044-002-033