NOT LISTED FOR SALE

Estimated Value: $971,421 - $1,055,000

10 Beds
6 Baths
3,360 Sq Ft
$302/Sq Ft Est. Value

Last Sold July 17, 2018

Last sale price $650,000 $193 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $6,255/month

9 Days on Market

About This Home

As of July 2018

This is an amazing opportunity to own your Residential income property. These 4 units were originally 6 & have been reduced to 4 units from the previous seller. 2 of the units are 3 bedrooms and 2 bathrooms & the other 2 units are 2 bedrooms & 1 bathroom.. Hurry this great opportunity wont last long..
Very close to L A Live, USC, Staple Center & Frwys very convenient location,. Subject to interior inspection.

Last Agent to Sell the Property

Juan Beltran

Big Block Powerhouse Realty License #01802418 Listed on: 05/31/2018

Last Buyer's Agent

Juan Beltran

Big Block Powerhouse Realty License #01802418 Listed on: 05/31/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,322

Year Built

  • Built in 1929

Lot Details

  • 7,138 Sq Ft Lot
  • 1 Common Wall
  • Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • 3,360 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Parking

  • Parking Available
  • Parking Lot

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 36
  • Tax Tract Number 4385
  • Assessor Parcel Number 6002023003

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Water Sewer Expense $5,500
  • New Taxes Expense $8,238
  • Operating Expense $15,238
  • Gross Income $15,238
  • Net Operating Income $35,594

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,322

Year Built

Built in 1929

Lot Details

0

Listing Details

  • CapRate: 5.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5500.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 6002023003
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 193.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Parking Space

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Near Public Transit
  • Lot Size Sq Ft: 7138.00

Multi Family

  • Gross Income: 15238.00
  • Gross Multiplier: 12.96
  • Gross Scheduled Income: 50832.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 35594.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 15238.00
  • Rent Control: Yes
  • Total Expenses: 15238.00

Tax Info

  • New Taxes Expense: 8238.00
  • Tax Census Tract: 2372.02
  • Tax Lot: 36
  • Tax Tract Number: 4385

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2018
Closed on
Jun 11, 2018
Sold by
Gomez Blanca and Trujillo Jose
Bought by
Garcia Jose R Ulloa and Ulloa Norma
Seller's Agent
Juan Beltran
Big Block Powerhouse Realty
Buyer's Agent
Juan Beltran
Big Block Powerhouse Realty
List Price
$659,000
Sold Price
$650,000
Premium/Discount to List
-$9,000
-1.37%
Current Estimated Value
$1,013,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,211
Avg. Annual Appreciation
6.19%

Purchase Details

Closed on
Sep 24, 2004
Sold by
Trujillo Jose and Trujillo Maria
Bought by
Gomez Blanca and Trujillo Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,300
Interest Rate
5.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 1999
Sold by
Libiano Investments
Bought by
Trujillo Jose and Trujillo Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,408
Interest Rate
8.14%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 10, 1998
Sold by
Lee Robert
Bought by
Libiano Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 1996
Sold by
Lee Robert
Bought by
Lee Robert and Lee Barbara H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
7.88%
Mortgage Type
Commercial
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
Garcia Jose R Ulloa $650,000 Lawyers Title Company
Gomez Blanca -- Fidelity National Financial
Trujillo Jose $317,000 American Title Co
Libiano Investments $90,000 American Title Co
Lee Robert -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gomez Blanca $310,300
Previous Owner Trujillo Jose $314,408
Previous Owner Libiano Investments $40,000
Previous Owner Libiano Investments $76,500
Previous Owner Lee Robert $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2018 07/17/18 Sold $650,000 -1.4% $193 / Sq Ft
06/09/2018 06/09/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $659,000 -- $196 / 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 $9,322 $739,584 $568,913 $170,671
2024 $9,322 $725,083 $557,758 $167,325
2023 $9,153 $710,867 $546,822 $164,045
2022 $8,747 $696,929 $536,100 $160,829
2021 $8,625 $683,265 $525,589 $157,676
2019 $8,377 $663,000 $510,000 $153,000
2018 $7,426 $583,815 $420,885 $162,930
2016 $7,082 $561,147 $404,543 $156,604
2015 $6,982 $552,719 $398,467 $154,252
2014 $7,030 $541,893 $390,662 $151,231
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18128996

California Regional Multiple Listing Service (CRMLS)

APN: 6002-023-003