$789,000
SOLD NOV 8, 2024
5 Beds
3 Baths
2,125 Sq Ft
7,968 Sq Ft Lot

Recently Sold

$371 Per Sq Ft

21% Below List Price

70 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Accessible Parking
  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Wrought Iron Fence

About This Home

As of November 2024

Great investment opportunity to own this Income producing (TRIPLEX) in the city of Los Angeles. Property characteristics are as follow; Property built in 1904, Living area 2,125(SF), Lot size 7,966(SF) and Zoning LARD1.5/ Wrought iron fence, long drive-way with lots of parking space in the back, roof still in good condition. Units features; (#1)unit consist of 2 bedrooms 1 bath, (#2) unit 2 bedrooms and 1 bath and (#3 )unit 1 Bedroom with a additional bonus room, making this unit a 2 bedrooms and 1 Bath. Rents are received monthly with no issues. Property located near schools, shops, restaurants, Public transportation, freeways and much more.

Last Agent to Sell the Property

franklin berrios

Landhills Realty, Inc. Brokerage Phone: 818-403-9028 License #01400029 Listed on: 06/28/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,437

Year Built

  • Built in 1904

Lot Details

  • 7,968 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Rectangular Lot
  • Private Yard

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Triplex
  • Brick Exterior Construction
  • Raised Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 2,125 Sq Ft Home
  • 1-Story Property
  • Window Screens

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Driveway
  • Paved Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Source of electricity is unknown
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 16 / C
  • Tax Tract Number 5056
  • Assessor Parcel Number 5056013021
  • $479 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $2,000
  • Maintenance Expense $1,200
  • Pest Control $200
  • Water Sewer Expense $3,000
  • Operating Expense $6,400
  • Gross Income $1,800
  • Net Operating Income $55,292

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,437

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 266666
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: LARD1.5
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5056013021
  • Year Built: 1904
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Accessibility Features: Parking, See Remarks
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 371.29
  • Window Features: Screens

Exterior Features

  • Foundation: Raised
  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Brick, Concrete, Drywall Walls, Frame, Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Concrete
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Water Heater
  • Electric: Electricity - Unknown
  • Heating Type: Wall Furnace
  • Pest Control Expense: 200.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Yard
  • Lot Size Sq Ft: 7968.00
  • Lot Size Acres: 0.1829
  • Latitude Manual: 34.04224500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Garage Income: 150.00
  • Gross Income: 1800.00
  • Gross Scheduled Income: 61692.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7968.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 55292.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 6400.00
  • Other Income Description: Shed storage rented
  • Rent Control: Yes
  • Total Actual Rent: 4991.00
  • Total Expenses: 6400.00

Tax Info

  • Tax Block: C
  • Tax Census Tract: 2211.20
  • Tax Lot: 16
  • Tax Tract Number: 5056
  • TaxOtherAnnualAssessmentAmount: 479.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2024
Closed on
Sep 11, 2024
Sold by
Chicas Francisco and Chicas Delmy
Bought by
Kim Mi Sook and Kim Jung H
Seller's Agent
franklin berrios
Landhills Realty, Inc.
List Price
$995,000
Sold Price
$789,000
Premium/Discount to List
-$206,000
-20.7%
Total Days on Market
70
Views
63
Current Estimated Value
$813,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,756
Avg. Annual Appreciation
3.94%
Original Mortgage
$591,750
Interest Rate
6.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2016
Sold by
Montecino Ismenia Yamilet
Bought by
Chicas Francisco and Chicas Delmy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2014
Sold by
Montecino David E
Bought by
Montecino Ismenia Yamilet

Purchase Details

Closed on
Nov 30, 2006
Sold by
Ojeda Elizabeth and Estate Of Luz Maria Perez
Bought by
Montecino David E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,040
Interest Rate
8.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2001
Sold by
Figueroa Wilfredo and The Luz Maria Perez Revocable
Bought by
Perez Luz Maria

Purchase Details

Closed on
Sep 26, 1998
Sold by
Perez Luz Maria
Bought by
Figueroa Wilfredo
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $789,000 Sepulveda Escrow Corporation
Grant Deed $500,000 Entitle Insurane Company
Interfamily Deed Transfer -- Accommodation
Administrators Deed $574,000 First American Title Co
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $591,750 New Conventional
Previous Owner $375,000 New Conventional
Previous Owner $459,040 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2024 11/08/24 Sold $789,000 -1.4% $371 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
08/14/2024 08/14/24 Price Changed $799,999 -10.6% $376 / Sq Ft
07/12/2024 07/12/24 Price Changed $895,000 -10.1% $421 / Sq Ft
07/12/2024 07/12/24 For Sale $995,000 0.0% $468 / Sq Ft
07/05/2024 07/05/24 Pending -- -- --
06/28/2024 06/28/24 For Sale $995,000 -- $468 / 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 $7,437 $789,000 $629,000 $160,000
2024 $7,437 $580,287 $348,173 $232,114
2023 $7,303 $568,910 $341,347 $227,563
2022 $6,979 $557,755 $334,654 $223,101
2021 $6,885 $546,820 $328,093 $218,727
2020 $6,951 $541,214 $324,729 $216,485
2019 $6,687 $530,603 $318,362 $212,241
2018 $6,558 $520,200 $312,120 $208,080
2016 $8,434 $682,082 $565,884 $116,198
2015 $8,313 $671,837 $557,384 $114,453
2014 $7,826 $615,000 $428,400 $186,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24132662

California Regional Multiple Listing Service (CRMLS)

APN: 5056-013-021