NOT LISTED FOR SALE

1641 S Orange Dr Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,569,000 - $2,013,000

6 Beds
3 Baths
3,226 Sq Ft
$553/Sq Ft Est. Value

Last Sold July 05, 2022

Last sale price $1,635,000 $507 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $11,087/month

19 Days on Market

About This Home

As of July 2022

Rare find 1928 Spanish motif duplex!! Awesome Mid City location! Over $500,000 has been spent on recent remodel!! This is a must see! The huge 3,226 square foot property is located on a 6,300 square foot lot! The owner's unit has been professionally staged and you will love it!! The owner's unit features 3 bedrooms, 2 remodeled bathrooms, kitchen with quartz countertops and stainless steel dishwasher, formal dining room, laundry room, central heat and air, hardwood floors, and 2 car garage. The upstairs unit features 3 bedrooms, 1 bathroom, breakfast nook, and formal dining room Updates include copper water supply lines, upgraded main panel and sub panels, removed layers of paint from original wood and stained it, new kitchen, cleaned up landscaping, added fountain, remodeled 2 bathrooms, added central heat and air, refinished hardwood flooring, and more!! Expenses are projected. Tax assessor shows 6 bedrooms and 2 bathrooms.

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 05/20/2022

Last Buyer's Agent

Sherry Chen

Compass License #02109149

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,360

Year Built

  • Built in 1928

Lot Details

  • 6,300 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • 3,226 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 15 / 7
  • Tax Tract Number 5955
  • Assessor Parcel Number 5067002012
  • $408 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $2,000
  • Water Sewer Expense $2,000
  • New Taxes Expense $22,500
  • Operating Expense $28,500
  • Gross Income $97,200
  • Net Operating Income $68,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,360

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.16
  • Property Attached: Yes
  • Water Sewer Expenses: 2000.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5067002012
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 506.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6300.00
  • Lot Size Acres: 0.1446

Multi Family

  • Gross Income: 97200.00
  • Gross Multiplier: 16.97
  • Gross Scheduled Income: 97200.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6300.0000 Square Feet
  • Net Operating Income: 68700.00
  • 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: 28500.00
  • Rent Control: Yes
  • Total Expenses: 28500.00

Tax Info

  • New Taxes Expense: 22500.00
  • Tax Block: 7
  • Tax Census Tract: 2183.00
  • Tax Lot: 15
  • Tax Tract Number: 5955
  • TaxOtherAnnualAssessmentAmount: 408.00

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2016
Sold by
Sinibaldi Luis P
Bought by
Sinibaldi Luis and Luis Sinibaldi Living Trust
Current Estimated Value
$1,785,126

Purchase Details

Closed on
Oct 5, 2004
Sold by
Sinibaldi Luis P and Sinibaldi Luis
Bought by
Sinibaldi Luis P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,000
Outstanding Balance
$216,509
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,568,617

Purchase Details

Closed on
May 1, 2003
Sold by
Knox Naima Ohugbala
Bought by
Knox Edward H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2003
Sold by
Knox Edward H
Bought by
Sinibaldi Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
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
Sinibaldi Luis -- None Available
Sinibaldi Luis P -- Lawyers Title
Knox Edward H -- Southland Title Corporation
Sinibaldi Luis $76,272 Southland Title Corporation
Sinibaldi Luis $76,272 Southland Title Corporation
Sinibaldi Luis $76,272 Southland Title Corporation
Sinibaldi Luis $76,272 Southland Title Corporation
Knox James T -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sinibaldi Luis P $483,000
Closed Knox Edward H $244,000
Previous Owner Knox James T $244,000
Closed Sinibaldi Luis P $69,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2022 07/05/22 Sold $1,635,000 -0.9% $507 / Sq Ft
06/10/2022 06/10/22 For Sale $1,649,946 +0.9% $511 / Sq Ft
06/04/2022 06/04/22 Off Market $1,635,000 -- --
05/20/2022 05/20/22 For Sale $1,649,946 -- $511 / 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 $20,360 $1,701,054 $1,144,440 $556,614
2024 $20,360 $1,667,700 $1,122,000 $545,700
2023 $20,051 $1,635,000 $1,100,000 $535,000
2022 $6,719 $545,900 $409,431 $136,469
2021 $6,618 $535,197 $401,403 $133,794
2019 $6,423 $519,566 $389,499 $130,067
2018 $6,336 $509,384 $381,862 $127,522
2016 $6,031 $489,376 $367,035 $122,341
2015 $5,944 $482,026 $361,522 $120,504
2014 $5,974 $472,585 $354,441 $118,144
Source: Public Records

Agents Affiliated with this Home

  • Brad Korb

    Seller's Agent in 2022

    Brad Korb

    Brad Korb Real Estate Group

    (818) 859-0310

    1 in this area

    359 Total Sales

    Brad Korb
    Section Image
  • Sherry Chen

    Buyer's Agent in 2022

    Sherry Chen

    Compass

    (858) 231-0397

    1 in this area

    76 Total Sales

    Sherry Chen
    Section Image
  • Patrick Kappel

    Buyer Co-Listing Agent in 2022

    Patrick Kappel

    Compass

    (858) 699-6817

    1 in this area

    117 Total Sales

    Patrick Kappel
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB22106695

California Regional Multiple Listing Service (CRMLS)

APN: 5067-002-012

California Los Angeles County Los Angeles 90019 Mid-City

1641 S Orange Dr, Los Angeles, CA

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