NOT LISTED FOR SALE

1625 S Hoover St Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $853,000 - $1,184,000

6 Beds
4 Baths
2,562 Sq Ft
$405/Sq Ft Est. Value

Last Sold January 16, 2019

Last sale price $680,000 $265 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $6,228/month

63 Days on Market

About This Home

As of January 2019

Back on the market don't miss it again. Location, Location. Awesome rental units with good rents and good tenants, in a prime location of Los Angeles. Walking distance to Downtown LA, LA Live, Staples Center and Convention Center. A block away from the 10fwy a couple of miles away from USC University.

Last Agent to Sell the Property

John Martinez

First Family Homes License #01507209 Listed on: 10/01/2018

Last Buyer's Agent

John Martinez

First Family Homes License #01507209 Listed on: 10/01/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,355

Year Built

  • Built in 1955

Lot Details

  • 4,734 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard
  • Front Yard

Home Design

  • 2,562 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 5056010011

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $150
  • Trash Expense $125
  • Water Sewer Expense $250
  • New Taxes Expense $134
  • Operating Expense $525
  • Gross Income $7,600
  • Net Operating Income $2,683

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,355

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 250.00
  • Zoning: LAC2
  • Property Type: Residential Income
  • Parcel Number: 5056010011
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 265.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 125.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 4734.00
  • Lot Size Acres: 0.1087

Multi Family

  • Gross Income: 7600.00
  • Gross Scheduled Income: 7600.00
  • Insurance Expense: 150.00
  • Lot Size Area: 4734.0000 Square Feet
  • Net Operating Income: 2683.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 525.00
  • Rent Control: Yes
  • Total Actual Rent: 7600.00
  • Total Expenses: 525.00

Tax Info

  • New Taxes Expense: 134.00
  • Tax Census Tract: 2211.20
  • Tax Lot: 13
  • Tax Tract Number: loomis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2018
Closed on
Feb 5, 2019
Sold by
Rivas Rose Marie and Rose Marie Rivas Revocable Tru
Bought by
Cisneros Armando and Cisneros Maria S
Seller's Agent
John Martinez
First Family Homes
Buyer's Agent
John Martinez
First Family Homes
List Price
$680,000
Sold Price
$680,000
Current Estimated Value
$1,038,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,631
Avg. Annual Appreciation
6.46%
Original Mortgage
$667,683
Outstanding Balance
$588,433
Interest Rate
4.62%
Mortgage Type
FHA
Estimated Equity
$450,198

Purchase Details

Closed on
Dec 26, 2009
Sold by
Rivas Rose Marie
Bought by
Rivas Rose Marie and Rose Marie Rivas Revocable Tru

Purchase Details

Closed on
Feb 11, 2005
Sold by
Rivas Rose Marie and Ramon Rivas House Trust
Bought by
Rivas Rose Marie
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
Cisneros Armando $680,000 First American Title Co
Rivas Rose Marie -- None Available
Rivas Rose Marie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cisneros Armando $667,683
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2019 01/16/19 Sold $680,000 0.0% $265 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
10/31/2018 10/31/18 For Sale $680,000 0.0% $265 / Sq Ft
10/04/2018 10/04/18 Pending -- -- --
10/01/2018 10/01/18 For Sale $680,000 -- $265 / 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 $9,355 $758,547 $669,309 $89,238
2024 $9,355 $743,675 $656,186 $87,489
2023 $9,181 $729,094 $643,320 $85,774
2022 $8,768 $714,799 $630,706 $84,093
2021 $8,650 $700,785 $618,340 $82,445
2019 $6,890 $103,900 $31,837 $72,063
2018 $1,608 $101,863 $31,213 $70,650
2016 $1,519 $97,908 $30,001 $67,907
2015 $1,501 $96,438 $29,551 $66,887
2014 $1,536 $94,550 $28,973 $65,577
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    John Martinez

    First Family Homes

    (323) 767-4618

    9 Total Sales

    John Martinez
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18239356

California Regional Multiple Listing Service (CRMLS)

APN: 5056-010-011

California Los Angeles County Los Angeles 90006 Pico-Union

1625 S Hoover St, Los Angeles, CA

This home is located at 1625 S Hoover St, Los Angeles, CA 90006 since 01 October 2018 and is currently estimated at $1,038,631, approximately $405 per square foot. This property was built in 1955. 1625 S Hoover St is a home located in Los Angeles County with nearby schools including Magnolia Avenue Elementary School, Berendo Middle, and West Adams 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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