NOT LISTED FOR SALE

Estimated Value: $617,732 - $704,000

3 Beds
3 Baths
2,134 Sq Ft
$310/Sq Ft Est. Value

Last Sold March 08, 2017

Last sale price $389,000 $182 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $4,062/month

106 Days on Market

Highlights

  • Wall Furnace
  • Front Yard
  • 3-minute walk to Vernon Station

About This Home

As of March 2017

3 units in the hart of LA county, high demand for rental units, perfect for Investors
Front house is a 2 bedrooms 1 bath and 1 bedroom unit in the middle and a single in the back, Electrical gate takes you to long Drive way and there id more parking in the back.

Last Agent to Sell the Property

Chris Mark

Far West Realty License #01883652 Listed on: 09/20/2016

Last Buyer's Agent

Minerva Solano

Media West Realty,Inc. License #01786073

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,758

Year Built

  • Built in 1924

Lot Details

  • 6,272 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,134 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Utilities

  • Wall Furnace
  • No Utilities

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 3
  • Assessor Parcel Number 5116022011

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Operating Expense $500
  • Gross Income $26,800
  • Net Operating Income $800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,758

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: LAM2
  • Property Type: Residential Income
  • Parcel Number: 5116022011
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 182.29

Exterior Features

  • Pool Private: No
  • Roof: Composition

Utilities

  • Utilities: None
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6272.00

Multi Family

  • Gross Income: 26800.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 800.00
  • Net Operating Income: 800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 800.00
  • Rent Control: Yes
  • Total Expenses: 500.00

Tax Info

  • Tax Census Tract: 2281.00
  • Tax Lot: 31
  • Tax Tract Number: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2016
Closed on
Feb 28, 2017
Sold by
Romero Luis M
Bought by
Andrade Rodolfo A
Seller's Agent
Chris Mark
Far West Realty
Buyer's Agent
Minerva Solano
Media West Realty,Inc.
List Price
$439,880
Sold Price
$389,000
Premium/Discount to List
-$50,880
-11.57%
Current Estimated Value
$662,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,433
Avg. Annual Appreciation
6.48%
Original Mortgage
$381,953
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 20, 2016
Closed on
Feb 3, 2017
Sold by
Davila Cindy
Bought by
Andrade Rodolfo A
Seller's Agent
Chris Mark
Far West Realty
Buyer's Agent
Minerva Solano
Media West Realty,Inc.
List Price
$439,880
Sold Price
$389,000
Premium/Discount to List
-$50,880
-11.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,953
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 24, 2006
Sold by
Romero Luis M and Romero Luz A
Bought by
Romero Luis M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2002
Sold by
Rodriguez Edward Paul and Rodriguez David
Bought by
Rodriguez Corine

Purchase Details

Closed on
Jul 6, 2002
Sold by
Rodriguez Corine and Valles Rudy
Bought by
Romero Luis M
Source: Public Records

Range of Values:

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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
Andrade Rodolfo A $389,000 Usa National Title Co
Andrade Rodolfo A -- Usa National Title Co
Romero Luis M -- Alliance Title Company
Rodriguez Corine -- --
Romero Luis M $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrade Rodolfo A $385,000
Closed Andrade Rodolfo A $13,068
Closed Andrade Rodolfo A $381,953
Previous Owner Romero Luis M $137,500
Previous Owner Romero Luis M $160,000
Previous Owner Romero Luis M $128,000
Previous Owner Rodriguez Dan $6,212
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2017 03/08/17 Sold $389,000 +1.0% $182 / Sq Ft
01/04/2017 01/04/17 Pending -- -- --
01/01/2017 01/01/17 Price Changed $385,000 -1.0% $180 / Sq Ft
11/02/2016 11/02/16 Price Changed $388,900 -2.5% $182 / Sq Ft
10/22/2016 10/22/16 Price Changed $398,880 -5.0% $187 / Sq Ft
10/17/2016 10/17/16 Price Changed $419,880 -4.5% $197 / Sq Ft
09/20/2016 09/20/16 For Sale $439,880 -- $206 / 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 $5,758 $451,461 $348,173 $103,288
2024 $5,758 $442,610 $341,347 $101,263
2023 $5,653 $433,932 $334,654 $99,278
2022 $5,400 $425,425 $328,093 $97,332
2021 $5,327 $417,084 $321,660 $95,424
2020 $5,376 $412,808 $318,362 $94,446
2019 $5,175 $404,715 $312,120 $92,595
2018 $5,051 $396,780 $306,000 $90,780
2016 $2,457 $183,505 $114,999 $68,506
2015 $2,424 $180,749 $113,272 $67,477
2014 $2,452 $177,210 $111,054 $66,156
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16707975

California Regional Multiple Listing Service (CRMLS)

APN: 5116-022-011