NOT LISTED FOR SALE

1700 E 62nd St Los Angeles, CA 90001

Estimated Value: $797,000 - $983,000

8 Beds
4 Baths
2,616 Sq Ft
$333/Sq Ft Est. Value

Last Sold July 25, 2014

Last sale price $340,000 $130 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $5,157/month

72 Days on Market

Highlights

  • Contemporary Architecture
  • Main Floor Primary Bedroom
  • No HOA
  • Linda Esperanza Marquez High A Huntington Park Institute Of Applied Medicine Rated A-
  • End Unit
  • Double Pane Windows

About This Home

As of July 2014

Price Reduced! Don't Miss this One ! Two Four Bedroom, Two Bath Units Located on a Cul-De-Sac street ! This Duplex property is Perfect for a Large Family or Investor!. Rent One and Live in the Other! Downstairs Each Unit features a Kitchen, Living Room/Dining Area, Inside Laundry Area and One Bedroom. Upstairs you have 3 Bedrooms and 1 Bath with lots of Closet space and Double Pane Windows! At Rear is Parking for 4 cars. Property is conveniently located close to schools, shopping, and the metro rail. This is a Fannie Mae HomePath property. This property is approved for HomePath Renovation Mortgage Financing. Investors Welcome ! See Private Remarks for Showing Instructions!

Last Agent to Sell the Property

Adolfo Paz

Benefit Realty License #00963160 Listed on: 03/25/2014

Last Buyer's Agent

PETER MAKHLOUF

Embassy Financial Group Inc. License #01277189

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 5,821 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • West Facing Home
  • Needs Fence Repair

Home Design

  • Contemporary Architecture
  • Property Attached
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Combination Foundation
  • Shingle Roof
  • Composition Roof
  • Common Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,616 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Living Room
  • Window Bars
  • Range Hood
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • All Upper Level Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Unassigned Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 6009012001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $300
  • Professional Management Expense $600
  • New Taxes Expense $4,424
  • Gross Income $1,350
  • Net Operating Income $931

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

5,821 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 600.00
  • Property Attached: Yes
  • Security: Window Bars
  • View: No
  • Architectural Style: Contemporary
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 6009012001
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 129.97
  • Room Type: All Bedrooms Up, Living Room, Main Floor Master Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Foundation: Combination
  • Fencing: Needs Repair
  • Pool Private: No
  • Roof: Composition, Common Roof, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Range Hood, Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 5821.00
  • Lot Size Acres: 0.1340

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 1350.00
  • Gross Scheduled Income: 1350.00
  • Lot Size Area: 5821.0000 Square Feet
  • Net Operating Income: 931.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Operating Expense: 419.00
  • Rent Control: No
  • Total Actual Rent: 1350.00

Tax Info

  • New Taxes Expense: 4424.00
  • Tax Lot: 1
  • Tax Tract Number: 1
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2014
Closed on
Jul 23, 2014
Sold by
Fannie Mae
Bought by
Jimenez Victor and Chavarria Rolando
Seller's Agent
Adolfo Paz
Benefit Realty
Buyer's Agent
PETER MAKHLOUF
Embassy Financial Group Inc.
List Price
$364,900
Sold Price
$340,000
Premium/Discount to List
-$24,900
-6.82%
Current Estimated Value
$870,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$530,184
Avg. Annual Appreciation
8.46%
Original Mortgage
$262,346
Outstanding Balance
$199,829
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$670,355

Purchase Details

Listed on
Mar 25, 2014
Closed on
Jul 9, 2014
Sold by
Jimenez Victor and Chavarria Rolando
Bought by
Jimenez Victor
Seller's Agent
Adolfo Paz
Benefit Realty
Buyer's Agent
PETER MAKHLOUF
Embassy Financial Group Inc.
List Price
$364,900
Sold Price
$340,000
Premium/Discount to List
-$24,900
-6.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,346
Outstanding Balance
$199,829
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$670,355

Purchase Details

Closed on
Feb 27, 2012
Sold by
Mcfadden Robbert R and Mcfadden Linda
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 23, 2001
Sold by
New Century Comm Service Development Inc
Bought by
Mcfadden Robert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.63%

Purchase Details

Closed on
Aug 21, 2001
Sold by
B Squared Inc
Bought by
New Century Comm Service Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.21%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 16, 2001
Sold by
Descartes Financial Corp
Bought by
Labow Frumeh and Estate Of Charles Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.21%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 21, 2001
Sold by
Labow Frumeh and Estate Of Charles Thomas
Bought by
B Squared Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jimenez Victor $340,000 Lawyers Title Insurance Corp
Jimenez Victor -- Lawyers Title Insurance Corp
Jimenez Victor -- Orange Coast Title Company
Federal National Mortgage Association $198,500 Landsafe Title
Mcfadden Robert R $240,000 Lawyers Title Company
New Century Comm Service Development Inc $142,500 Fidelity Title
Labow Frumeh -- Old Republic Title Company
B Squared Inc $143,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jimenez Victor $262,346
Previous Owner Mcfadden Robert R $216,000
Previous Owner New Century Comm Service Development Inc $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2014 07/25/14 Sold $340,000 -6.8% $130 / Sq Ft
06/05/2014 06/05/14 Pending -- -- --
03/25/2014 03/25/14 For Sale $364,900 -- $139 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,246 $590,797 $265,975 $324,822
2024 $8,246 $579,213 $260,760 $318,453
2023 $7,942 $567,857 $255,648 $312,209
2022 $7,582 $556,724 $250,636 $306,088
2021 $7,490 $545,809 $245,722 $300,087
2019 $6,221 $439,248 $241,872 $197,376
2018 $6,093 $430,636 $237,130 $193,506
2016 $5,826 $413,916 $227,923 $185,993
2015 $6,080 $407,700 $224,500 $183,200
2014 $4,448 $290,994 $184,433 $106,561
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14061278

California Regional Multiple Listing Service (CRMLS)

APN: 6009-012-001

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