NOT LISTED FOR SALE

1626 E 87th Place Los Angeles, CA 90002

Estimated Value: $648,000 - $884,000

2 Beds
1 Bath
1,600 Sq Ft
$473/Sq Ft Est. Value

Last Sold January 13, 2022

Last sale price $680,000 $425 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,695/month

78 Days on Market

Highlights

  • No HOA
  • More Than Two Accessible Exits
  • Wood Fence
  • Laundry Room
  • Outdoor Storage
  • Auto Driveway Gate

About This Home

As of January 2022

This home is located at 1626 E 87th Place, Los Angeles, CA 90002 since 10 July 2021 and is currently estimated at $756,857, approximately $473 per square foot. This property was built in 1964. 1626 E 87th Place is a home located in Los Angeles County with nearby schools including Judith F. Baca Arts Academy, Charles Drew Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

Last Agent to Sell the Property

Shirley Martinez

Shirley Martinez, Broker License #01928049 Listed on: 07/10/2021

Last Buyer's Agent

Shirley Martinez

Shirley Martinez, Broker License #01928049 Listed on: 07/10/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,590 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Entry on the 1st floor
  • Cedar

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Window Screens

Kitchen

  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • Parking Available
  • Auto Driveway Gate
  • On-Site Parking

Outdoor Features

  • Outdoor Storage
  • Rain Gutters

Utilities

  • Wall Furnace
  • Water Not Available
  • Phone Available
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Urban Location

Listing and Financial Details

  • Tax Lot 103
  • Tax Tract Number 222
  • Assessor Parcel Number 6044003022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $75
  • Trash Expense $100
  • Water Sewer Expense $250
  • Operating Expense $2,000
  • Gross Income $34,000
  • Net Operating Income $1,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 250.00
  • Zoning: LCR2YY
  • Property Type: Residential Income
  • Parcel Number: 6044003022
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 425.00
  • Room Type: All Bedrooms Down
  • Window Features: Screens

Exterior Features

  • Other Structures: Storage
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Cedar

Garage/Parking

  • Parking: Yes
  • Parking Features: Auto Driveway Gate, On Site

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Microwave
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: None

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5590.00
  • Lot Size Acres: 0.1283

Multi Family

  • Gross Income: 34000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 75.00
  • Lot Size Area: 5590.0000 Square Feet
  • Net Operating Income: 1200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 820.00
  • Rent Control: No
  • Total Expenses: 2000.00

Tax Info

  • Tax Census Tract: 5351.02
  • Tax Lot: 103
  • Tax Tract Number: 222

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2021
Closed on
Jan 7, 2022
Sold by
Cristina Lopez
Bought by
Moreno Juan Manuel
Seller's Agent
Shirley Martinez
Shirley Martinez, Broker
Buyer's Agent
Shirley Martinez
Shirley Martinez, Broker
List Price
$750,000
Sold Price
$680,000
Premium/Discount to List
-$70,000
-9.33%
Current Estimated Value
$744,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,018
Avg. Annual Appreciation
2.72%
Original Mortgage
$667,683
Outstanding Balance
$613,598
Interest Rate
3.05%
Mortgage Type
FHA
Estimated Equity
$143,259

Purchase Details

Closed on
Jun 7, 2012
Sold by
Gomez Joseph A and Gomez Evangelina A
Bought by
Gomez Hector and Gomez Teresa V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,500
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2011
Sold by
Gomez Joseph A
Bought by
Gomez Joseph A and Gomez Evangelina A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Gomez Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,626
Interest Rate
5.31%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 13, 2008
Sold by
Perez Ana and Hernandez William A
Bought by
Deutsche Bank National Trust Co and First Franklin Mortgage Loan Trust 2006-

Purchase Details

Closed on
Dec 9, 2005
Sold by
Morales Miguel
Bought by
Hernandez William A and Perez Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.21%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 18, 2004
Sold by
Ramirez Juana
Bought by
Morales Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,145
Interest Rate
4.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2004
Sold by
Gonzalez Juan J
Bought by
Ramirez Juana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,145
Interest Rate
4.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2001
Sold by
Bablot Steven R
Bought by
Gonzalez Juan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
7.15%

Purchase Details

Closed on
Jul 14, 2000
Sold by
Bablot Susan V
Bought by
Bablot Steven R

Purchase Details

Closed on
Mar 6, 2000
Sold by
Capetillo Guadalupe and Capetillo Maria
Bought by
Washington Mutual Bank Fa

Purchase Details

Closed on
Feb 28, 2000
Sold by
Capetillo Guadalupe and Capetillo Maria
Bought by
American Svgs Bank Fa

Purchase Details

Closed on
Sep 30, 1999
Sold by
Capetillo Guadalupe
Bought by
Capetillo Raul Tolentino

Purchase Details

Closed on
Aug 13, 1999
Sold by
Borroel Antonio
Bought by
Capetillo Guadalupe

Purchase Details

Closed on
Sep 13, 1994
Sold by
Borroel Mirna E
Bought by
Borroel Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,658
Interest Rate
4.45%

Purchase Details

Closed on
Aug 26, 1994
Sold by
Hernandez Victor H
Bought by
Capetillo Guadalupe and Capetillo Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,658
Interest Rate
4.45%

Purchase Details

Closed on
Sep 15, 1993
Sold by
Brown Ida Mae
Bought by
Hernandez Victor H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
6.98%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Moreno Juan Manuel $680,000 Pacific Coast Title
Gomez Hector $245,000 Fidelity National Title Co
Gomez Joseph A -- Pacific Coast Title
Gomez Joseph A $135,000 First American Title Ins Co
Deutsche Bank National Trust Co $269,964 Accommodation
Hernandez William A $450,000 Chicago Title Co
Morales Miguel -- --
Ramirez Juana $365,000 Chicago Title Co
Gonzalez Juan J $195,000 --
Bablot Steven R -- Stewart Title
Bablot Steven R $125,000 Stewart Title
Washington Mutual Bank Fa $140,000 Stewart Title
American Svgs Bank Fa $140,000 Stewart Title
Capetillo Raul Tolentino -- --
Capetillo Guadalupe -- --
Borroel Antonio -- Continental Lawyers Title Co
Capetillo Guadalupe $142,000 Continental Lawyers Title Co
Hernandez Victor H $50,000 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moreno Juan Manuel $667,683
Previous Owner Gomez Hector $183,500
Previous Owner Gomez Joseph A $128,000
Previous Owner Gomez Joseph A $123,626
Previous Owner Hernandez William A $90,000
Previous Owner Hernandez William A $360,000
Previous Owner Ramirez Juana $319,145
Previous Owner Gonzalez Juan J $185,250
Previous Owner Capetillo Guadalupe $127,658
Previous Owner Hernandez Victor H $24,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2022 01/13/22 Sold $680,000 0.0% $425 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
07/10/2021 07/10/21 Price Changed $680,000 -9.3% $425 / Sq Ft
07/10/2021 07/10/21 For Sale $750,000 +31.6% $469 / Sq Ft
04/12/2021 04/12/21 Sold $570,000 -2.6% $364 / Sq Ft View Prior Sale
12/28/2020 12/28/20 For Sale $585,000 -- $374 / 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 $9,659 $721,620 $509,379 $212,241
2024 $9,659 $707,472 $499,392 $208,080
2023 $9,327 $693,600 $489,600 $204,000
2022 $8,892 $680,000 $480,000 $200,000
2021 $4,292 $278,715 $154,033 $124,682
2020 $4,318 $275,858 $152,454 $123,404
2019 $4,172 $270,450 $149,465 $120,985
2018 $4,083 $265,148 $146,535 $118,613
2016 $3,911 $254,854 $140,846 $114,008
2015 $3,855 $251,027 $138,731 $112,296
2014 $3,860 $246,111 $136,014 $110,097
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Shirley Martinez

    Shirley Martinez, Broker

    Section Image

  • D

    Seller's Agent in 2021

    David Guizado

    First Family Homes

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21137086

California Regional Multiple Listing Service (CRMLS)

APN: 6044-003-022

California Los Angeles County Los Angeles 90002

1626 E 87th Place, Los Angeles, CA

Not Listed for Sale

MultiFamily

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