NOT LISTED FOR SALE

1655 E 122nd St Los Angeles, CA 90059

Estimated Value: $668,888 - $854,000

3 Beds
2 Baths
1,348 Sq Ft
$538/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $530,000 $393 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,441/month

14 Days on Market

Highlights

  • Spa
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Compton Early College Rated 9+
  • Laundry Room
  • Wall Furnace

About This Home

As of March 2020

HUNNY STOP THE CAR, TWO HOMES for the price of ONE! The front home features 2 generously sized bedrooms with 1 full bath, approximately 948 Sqft of living space. The rear guest home features 1 bedroom and 1 bath, approximately 400 Sqft. Ideal to live in one and rent the other to offset your mortgage payment or a growing family with an in-laws quarters. Each unit has it's own private entrance, separate electric and gas/water meters (perfect for separating utility bills)! Numerous upgrades on this property include; New Low-E vinyl windows throughout, Separate backyard areas for both homes, Security mesh barrier, New tile flooring, New ceiling fans, New crown molding, Electrical panel upgrade, New copper re-pipping, New sprinklers, New front yard pavers and cement walkway, New water heaters for both homes, New attic insulation and recently tented for termite! The seller currently holds tentative approved plans with the City of Los Angeles to expand the ADU into a total of 2,544 Sqft of living space between both homes. This would convert the rear home into a 3 bedroom 2 bath home which would give this property a total of 5 bedrooms and 3 baths (see attached agent supplements for details). The property's detached garage also has the potential to fit 2 cars with a larger door. Don't miss this opportunity to see this property and call today to set up your private showing!

Last Agent to Sell the Property

Jimmy Alexander

Jimmy Alexander, Broker License #01876523 Listed on: 01/29/2020

Jimmy Alexander, Broker

Last Buyer's Agent

Jimmy Alexander

Jimmy Alexander, Broker License #01876523 Listed on: 01/29/2020

Jimmy Alexander, Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,462

Year Built

  • Built in 1946

Lot Details

  • 6,287 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 1,348 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Spa
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 134
  • Tax Tract Number 13214
  • Assessor Parcel Number 6149020033

Community Details

Overview

  • 3 Buildings
  • 2 Units

Recreation

  • Community Spa

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $900
  • Gardener Expense $50
  • Insurance Expense $200
  • New Taxes Expense $5,992
  • Operating Expense $900
  • Net Operating Income $33,696

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,462

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: LCR1*
  • Property Type: Residential Income
  • Gardener Expense: 50.00
  • Parcel Number: 6149020033
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 393.18
  • Room Type: All Bedrooms Down
  • Spa Features: Community

Exterior Features

  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

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
  • Lot Size Sq Ft: 6287.00
  • Lot Size Acres: 0.1443

Multi Family

  • Average1 Bed Area: 400 Square Feet
  • Average2 Bed Area: 948 Square Feet
  • Electric Expense: 900.00
  • Gross Scheduled Income: 34596.00
  • Insurance Expense: 200.00
  • Lot Size Area: 6287.0000 Square Feet
  • Net Operating Income: 33696.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 1
  • Operating Expense: 900.00
  • Rent Control: No
  • Total Actual Rent: 2833.00
  • Total Expenses: 900.00

Tax Info

  • New Taxes Expense: 5992.00
  • Tax Census Tract: 5407.00
  • Tax Lot: 134
  • Tax Tract Number: 13214

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2020
Closed on
Feb 14, 2020
Sold by
Torres Mario
Bought by
Acevedo Anthony E
Seller's Agent
Jimmy Alexander
Jimmy Alexander, Broker
Buyer's Agent
Jimmy Alexander
Jimmy Alexander, Broker
List Price
$535,000
Sold Price
$530,000
Premium/Discount to List
-$5,000
-0.93%
Current Estimated Value
$725,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,222
Avg. Annual Appreciation
5.68%
Original Mortgage
$477,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 23, 2013
Closed on
Mar 6, 2014
Sold by
Fannie Mae
Bought by
Torres Mario
Seller's Agent
Peter Park
Prime Properties Asset Mgmt
Buyer's Agent
Mark Bores
Berkshire Hathaway Home Srvs
List Price
$299,900
Sold Price
$259,900
Premium/Discount to List
-$40,000
-13.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.75%
Original Mortgage
$255,192
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 21, 2012
Sold by
Tolbert Lenon and Tolbert Eva Jean
Bought by
Federal National Mortgage Association and Fannie Mae

Purchase Details

Closed on
Jun 15, 2004
Sold by
Tolbert Lenon and Tolbert Eva Jean
Bought by
Tolbert Lenon

Purchase Details

Closed on
May 5, 1995
Sold by
Moore Clifford L
Bought by
Tolbert Lenon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,650
Interest Rate
7.9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Acevedo Anthony E $530,000 First Amer Ttl Co Los Angels
Torres Mario $260,000 Stewart Title Of Ca Inc
Federal National Mortgage Association $263,028 First American Title Company
Tolbert Lenon -- --
Tolbert Lenon $128,500 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Acevedo Anthony E $477,000
Previous Owner Torres Mario $255,192
Previous Owner Tolbert Lenon $115,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2020 03/31/20 Sold $530,000 0.0% $393 / Sq Ft
02/12/2020 02/12/20 Pending -- -- --
02/04/2020 02/04/20 Off Market $530,000 -- --
01/29/2020 01/29/20 For Sale $535,000 +105.8% $397 / Sq Ft
04/25/2014 04/25/14 Sold $259,900 0.0% $274 / Sq Ft View Prior Sale
02/28/2014 02/28/14 Pending -- -- --
01/17/2014 01/17/14 Price Changed $259,900 -7.1% $274 / Sq Ft
12/31/2013 12/31/13 Price Changed $279,900 -6.7% $295 / Sq Ft
11/23/2013 11/23/13 For Sale $299,900 -- $316 / 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 $7,462 $579,628 $503,075 $76,553
2024 $7,462 $568,263 $493,211 $75,052
2023 $7,367 $557,122 $483,541 $73,581
2022 $6,838 $546,199 $474,060 $72,139
2021 $6,986 $535,490 $464,765 $70,725
2020 $4,098 $291,316 $161,631 $129,685
2019 $4,063 $285,605 $158,462 $127,143
2018 $3,912 $280,005 $155,355 $124,650
2016 $3,710 $269,133 $149,323 $119,810
2015 $3,516 $265,092 $147,081 $118,011
2014 -- $171,113 $102,463 $68,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20021157

California Regional Multiple Listing Service (CRMLS)

APN: 6149-020-033