NOT LISTED FOR SALE

1665 E 43rd St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $596,000 - $935,000

2 Beds
1 Bath
2,700 Sq Ft
$258/Sq Ft Est. Value

Last Sold August 21, 2018

Last sale price $415,000 $154 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $4,176/month

217 Days on Market

Highlights

  • Laundry Room
  • Central Air
  • 3-minute walk to Vernon Station

About This Home

As of August 2018

Turnkey!!! Remodel ready to move in!!! property boasts physically 3 buildings. New kitchen cabinets with granite counter tops, new interior & exterior paint, bathrooms had been remodeled. Located near the metro and public transportation. Distance to Downtown 10 minutes, Distance to USC 15 Minutes. Two additional units in the back with rental income. May be converted to ADU (Additional Dwelling Units) for even more income. Buyer to satisfy themselves.In this wonderful Property you can live in the front and have two additional units in the back for rental income or Extended family. Has awesome front and back yard. Built In Bar B Q grill for family enjoyment. Avocado Trees!!!! JUST CONFIRMED NO RENT CONTROL!!!! NO RENT CONTROL!!!!

Last Agent to Sell the Property

Joe Molina

JOSE MOLINA, BROKER License #01375554 Listed on: 12/06/2017

Last Buyer's Agent

Joe Molina

JOSE MOLINA, BROKER License #01375554 Listed on: 12/06/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1903

Lot Details

  • 5,201 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • 2,700 Sq Ft Home

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot 101
  • Tax Tract Number 6659
  • Assessor Parcel Number 5116017018

Community Details

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $825
  • Fuel Expense $50
  • Insurance Expense $600
  • Trash Expense $600
  • Water Sewer Expense $540
  • New Taxes Expense $1,200
  • Operating Expense $7,200
  • Gross Income $3,500
  • Net Operating Income $1,750

Additional Features

  • 3 Buildings
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1903

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 540.00
  • Zoning: LAM1
  • Property Type: Residential Income
  • Parcel Number: 5116017018
  • Year Built: 1903
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 153.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Outside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5201.00

Multi Family

  • Electric Expense: 825.00
  • Fuel Expense: 50.00
  • Gross Income: 3500.00
  • Gross Scheduled Income: 3500.00
  • Insurance Expense: 600.00
  • Net Operating Income: 1750.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Operating Expense: 1950.00
  • Rent Control: No
  • Total Expenses: 7200.00

Tax Info

  • New Taxes Expense: 1200.00
  • Tax Census Tract: 2281.00
  • Tax Lot: 101
  • Tax Tract Number: 6659

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2017
Closed on
Aug 22, 2018
Sold by
Norris Thomas E
Bought by
Norris Thomas E and Norris Pamela Amber
Seller's Agent
Joe Molina
JOSE MOLINA, BROKER
Buyer's Agent
Joe Molina
JOSE MOLINA, BROKER
List Price
$379,000
Sold Price
$415,000
Premium/Discount to List
$36,000
9.5%
Current Estimated Value
$708,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,355
Avg. Annual Appreciation
7.23%
Original Mortgage
$415,000
Outstanding Balance
$359,659
Interest Rate
4.5%
Mortgage Type
VA
Estimated Equity
$335,698

Purchase Details

Listed on
Dec 6, 2017
Closed on
Jul 21, 2018
Sold by
Ocampo Abelardo Abarca
Bought by
Norris Thomas E
Seller's Agent
Joe Molina
JOSE MOLINA, BROKER
Buyer's Agent
Joe Molina
JOSE MOLINA, BROKER
List Price
$379,000
Sold Price
$415,000
Premium/Discount to List
$36,000
9.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Outstanding Balance
$359,659
Interest Rate
4.5%
Mortgage Type
VA
Estimated Equity
$335,698

Purchase Details

Listed on
Dec 6, 2017
Closed on
Jul 18, 2018
Sold by
Ortigas Rechille Dcmasiado
Bought by
Norris Thomas E
Seller's Agent
Joe Molina
JOSE MOLINA, BROKER
Buyer's Agent
Joe Molina
JOSE MOLINA, BROKER
List Price
$379,000
Sold Price
$415,000
Premium/Discount to List
$36,000
9.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Outstanding Balance
$359,659
Interest Rate
4.5%
Mortgage Type
VA
Estimated Equity
$335,698

Purchase Details

Closed on
Nov 2, 2007
Sold by
Alvarez Janette and Cuellar Janette
Bought by
Ocampo Abelardo Abarca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,900
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage
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
Norris Thomas E -- None Available
Norris Thomas E $415,000 Provident Title Company
Norris Thomas E -- Provident Title Company
Ocampo Abelardo Abarca $350,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norris Thomas E $415,000
Previous Owner Ocampo Abelardo Abarca $314,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2018 08/21/18 Sold $415,000 +9.5% $154 / Sq Ft
07/11/2018 07/11/18 Pending -- -- --
06/08/2018 06/08/18 For Sale $379,000 0.0% $140 / Sq Ft
06/03/2018 06/03/18 Pending -- -- --
12/06/2017 12/06/17 For Sale $379,000 -- $140 / 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 $5,712 $462,934 $346,366 $116,568
2024 $5,712 $453,858 $339,575 $114,283
2023 $5,621 $444,960 $332,917 $112,043
2022 $5,363 $436,237 $326,390 $109,847
2021 $5,298 $427,685 $319,991 $107,694
2019 $5,142 $415,000 $310,500 $104,500
2018 $4,487 $367,600 $256,300 $111,300
2016 $3,031 $244,000 $170,200 $73,800
2015 $3,161 $259,100 $180,700 $78,400
2014 $2,982 $238,000 $166,000 $72,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Joe Molina

    JOSE MOLINA, BROKER

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18131237

California Regional Multiple Listing Service (CRMLS)

APN: 5116-017-018

California Los Angeles County Los Angeles 90011 Central Alameda

1665 E 43rd St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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