NOT LISTED FOR SALE

1626 E 114th St Los Angeles, CA 90059

Watts Neighborhood

Estimated Value: $632,000 - $748,000

2 Beds
2 Baths
1,600 Sq Ft
$428/Sq Ft Est. Value

Last Sold April 27, 2016

Last sale price $365,000 $228 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $4,057/month

13 Days on Market

About This Home

As of April 2016

Ready to put in Escrow, Perfect for someone Who just wants to collect RENT. Owner collects $2,450 per Month. Tenants always pay on time, they are living there for more than 4 Years, Each Unit has 2 Bedrooms and 1 bath 2 Car Garage and Plenty land in the back to add a room.

Last Agent to Sell the Property

Albert Hernandez

Casas USA Realty License #01164255 Listed on: 02/16/2016

Last Buyer's Agent

Juan Cozzarelli

Valley Star Realty, Inc. License #01765638

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,659

Year Built

  • Built in 1954

Lot Details

  • 6,150 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,600 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 001
  • Tax Tract Number 1
  • Assessor Parcel Number 6069027009

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • Insurance Expense $850
  • Water Sewer Expense $1,800
  • New Taxes Expense $1,964
  • Gross Income $2,450
  • Net Operating Income $2,225

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,659

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 6069027009
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 228.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6150.00
  • Price Per Lot Square Foot: 59.35
  • Lot Size Acres: 0.1410

Multi Family

  • Gross Income: 2450.00
  • Gross Scheduled Income: 2450.00
  • Insurance Expense: 850.00
  • Lot Size Area: 6150.0000 Square Feet
  • Net Operating Income: 2225.00
  • Number Of Separate Electric Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 275.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 1964.00
  • Tax Lot: 001
  • Tax Tract Number: 001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2016
Closed on
Apr 18, 2016
Sold by
Hernandez Albert
Bought by
Alas Rolando
Seller's Agent
Albert Hernandez
Casas USA Realty
Buyer's Agent
Juan Cozzarelli
Valley Star Realty, Inc.
List Price
$359,000
Sold Price
$365,000
Premium/Discount to List
$6,000
1.67%
Current Estimated Value
$684,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,908
Avg. Annual Appreciation
6.84%
Original Mortgage
$358,388
Outstanding Balance
$284,155
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$400,753

Purchase Details

Closed on
Feb 2, 2010
Sold by
Homesales Inc
Bought by
Hernandez Alberto

Purchase Details

Closed on
Jul 2, 2009
Sold by
Mejia Ana A
Bought by
Homesales Inc

Purchase Details

Closed on
Jul 5, 2005
Sold by
Gonzalez Ruben and Gonzalez Maria
Bought by
Mejia Ana A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 2005
Sold by
Gonzalez Tomas
Bought by
Gonzalez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
8.45%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 4, 2005
Sold by
Sandoval Manuel and Garcia Aura
Bought by
Gonzalez Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
8.45%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 12, 2005
Sold by
Sandoval Manuel and Ayala Armando
Bought by
Sandoval Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
8.45%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 27, 2001
Sold by
Beck Sam Edward
Bought by
Capital Investment Properties Llc

Purchase Details

Closed on
Sep 26, 1995
Sold by
Beck Sam Edward
Bought by
Beck Sam Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.97%
Source: Public Records

Range of Values:

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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
Alas Rolando $365,000 Ortc Irv
Hernandez Alberto $120,000 Ticor Title Company
Homesales Inc $99,229 None Available
Mejia Ana A $430,000 Southland Title Company
Gonzalez Maria -- Ticor Title Co Of California
Gonzalez Ruben $365,000 Ticor Title Co Of California
Sandoval Manuel -- Ticor Title Company
Capital Investment Properties Llc $85,546 --
Beck Sam Edward -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alas Rolando $358,388
Previous Owner Mejia Ana A $344,000
Previous Owner Gonzalez Ruben $365,000
Previous Owner Beck Sam Edward $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2016 04/27/16 Sold $365,000 +1.7% $228 / Sq Ft
02/29/2016 02/29/16 Pending -- -- --
02/16/2016 02/16/16 For Sale $359,000 -- $224 / 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 $5,659 $432,079 $236,756 $195,323
2024 $5,659 $423,608 $232,114 $191,494
2023 $5,554 $415,303 $227,563 $187,740
2022 $5,309 $407,160 $223,101 $184,059
2021 $5,237 $399,177 $218,727 $180,450
2019 $5,085 $387,900 $212,241 $175,659
2018 $5,019 $380,306 $208,080 $172,226
2016 $1,993 $130,843 $98,134 $32,709
2015 $1,964 $128,878 $96,660 $32,218
2014 $1,978 $126,354 $94,767 $31,587
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Albert Hernandez

    Casas USA Realty

  • J

    Buyer's Agent in 2016

    Juan Cozzarelli

    Valley Star Realty, Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16032507

California Regional Multiple Listing Service (CRMLS)

APN: 6069-027-009

California Los Angeles County Los Angeles 90059 Watts

1626 E 114th St, Los Angeles, CA

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