NOT LISTED FOR SALE

Estimated Value: $714,000 - $848,204

5 Beds
2 Baths
1,979 Sq Ft
$383/Sq Ft Est. Value

Last Sold December 12, 2023

Last sale price $720,000 $364 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,665/month

6 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • 2 Car Garage
  • 2-minute walk to Watts Serenity Park

About This Home

As of December 2023

Welcome to this exceptional investment opportunity in the heart of Los Angeles or GREAT FOR FIRST TIME HOME BUYER..LIVE IN ONE RENT THE OTHER!! This duplex, featuring a 2-bedroom unit and a 3-bedroom unit, is a hidden gem that offers not only spacious living but also endless possibilities on a generous lot. With the potential to add an Accessory Dwelling Unit (ADU), this property is perfect for those seeking a smart investment or a comfortable place to call home.

Last Agent to Sell the Property

Bryan Cruz

Realty One Group United License #02056215 Listed on: 09/20/2023

Realty One Group United

Last Buyer's Agent

Ebed Corredor

Covington Limited, Inc. License #02063331

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 6,852 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor
  • No Roof

Interior Spaces

  • 1,979 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 27 / A
  • Tax Tract Number 2427
  • Assessor Parcel Number 6069024014
  • $602 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $100
  • Fuel Expense $100
  • Insurance Expense $100
  • Trash Expense $100
  • Water Sewer Expense $100
  • Operating Expense $100
  • Gross Income $16,800
  • Net Operating Income $4,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

6,852 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 100.00
  • Zoning: LAR1
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6069024014
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 363.82

Exterior Features

  • Pool Private: No
  • Roof: None

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6852.00
  • Lot Size Acres: 0.1573

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 100.00
  • Fuel Expense: 100.00
  • Gross Income: 16800.00
  • Gross Scheduled Income: 16800.00
  • Insurance Expense: 100.00
  • Lot Size Area: 6852.0000 Square Feet
  • Net Operating Income: 4000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4500.00
  • Rent Control: Yes
  • Total Expenses: 100.00

Tax Info

  • Tax Block: A
  • Tax Census Tract: 2427.00
  • Tax Lot: 27
  • Tax Tract Number: 2427.0
  • TaxOtherAnnualAssessmentAmount: 602.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2023
Closed on
Oct 18, 2023
Sold by
Arguelles Uriel
Bought by
Cruz Jose M Cervantes and Pineda Andrea C
Seller's Agent
Bryan Cruz
Realty One Group United
Buyer's Agent
Ebed Corredor
Covington Limited, Inc.
List Price
$689,900
Sold Price
$720,000
Premium/Discount to List
$30,100
4.36%
Views
73
Current Estimated Value
$758,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,301
Avg. Annual Appreciation
2.41%
Original Mortgage
$706,959
Interest Rate
7.79%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 20, 2023
Closed on
Oct 17, 2023
Sold by
Arguelles Uriel
Bought by
Arguelles Uriel
Seller's Agent
Bryan Cruz
Realty One Group United
Buyer's Agent
Ebed Corredor
Covington Limited, Inc.
List Price
$689,900
Sold Price
$720,000
Premium/Discount to List
$30,100
4.36%
Views
73

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$706,959
Interest Rate
7.79%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 20, 2023
Sold by
Arguelles Jose Pio and Arguelles Rosa A
Bought by
Arguelles Uriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$706,959
Interest Rate
7.79%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 12, 2021
Sold by
Arguelles Jose Pio and Arguelles Rosa A
Bought by
Arguelles Jose Pio and Arguelles Rosa A

Purchase Details

Closed on
May 3, 2007
Sold by
Warnisher Timothy P and Cindy D Tavarez Trust
Bought by
Arguelles Jose Pio and Arguelles Rosa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
6.51%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 14, 2006
Sold by
Arguelles Rosa A
Bought by
Arguelles Jose Pio and Arguelles Rosa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
6.7%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 13, 2004
Sold by
Arguelles Jose Pio
Bought by
Arguelles Rosa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,600
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2004
Sold by
Dupree Karen A
Bought by
Arguelles Rosa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,600
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2001
Sold by
The Brady Foundation
Bought by
Dupree Karen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,500
Interest Rate
9.75%

Purchase Details

Closed on
May 3, 2000
Sold by
Hud
Bought by
The Brady Foundation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
8.27%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 2, 1999
Sold by
Harbor Financial Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Apr 9, 1999
Sold by
Chabad Lubavitch Of Hawaii Inc
Bought by
Harbor Financial Mtg Corp

Purchase Details

Closed on
Dec 3, 1996
Sold by
Hud
Bought by
Chabad Lubavitch Of Hawaii Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,066
Interest Rate
7.9%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 12, 1996
Sold by
Countrywide Funding Corp
Bought by
Hud

Purchase Details

Closed on
Feb 2, 1996
Sold by
Quintero Sergio and Quintero Rosalba
Bought by
Countrywide Funding Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cruz Jose M Cervantes $720,000 Provident Title Company
Arguelles Uriel -- Provident Title Company
Arguelles Uriel -- Accommodation/Courtesy Recordi
Arguelles Uriel -- Accommodation/Courtesy Recordi
Arguelles Jose Pio -- None Listed On Document
Arguelles Jose Pio $630,000 Ort
Arguelles Jose Pio -- Commonwealth Title
Arguelles Rosa A -- Chicago Title Co
Arguelles Rosa A $226,363 Chicago Title Co
Dupree Karen A $170,000 Landsafe Title
The Brady Foundation $125,000 Provident Title
Hud -- American Title
Harbor Financial Mtg Corp $136,928 United Title Company
Chabad Lubavitch Of Hawaii Inc $85,500 California Counties Title Co
Hud -- Landsafe Title
Countrywide Funding Corp $148,548 Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cruz Jose M Cervantes $706,959
Previous Owner Arguelles Jose Pio $504,000
Previous Owner Arguelles Jose Pio $382,500
Previous Owner Arguelles Rosa A $181,600
Previous Owner Dupree Karen A $144,500
Previous Owner The Brady Foundation $110,000
Previous Owner Chabad Lubavitch Of Hawaii Inc $125,066
Closed Dupree Karen A $17,000
Closed Arguelles Rosa A $45,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2023 12/12/23 Sold $720,000 +4.4% $364 / Sq Ft
11/29/2023 11/29/23 For Sale $689,900 0.0% $349 / Sq Ft
09/27/2023 09/27/23 Pending -- -- --
09/20/2023 09/20/23 For Sale $689,900 -- $349 / 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 $9,253 $734,400 $612,000 $122,400
2024 $9,253 $720,000 $600,000 $120,000
2023 $4,332 $310,195 $181,745 $128,450
2022 $4,146 $304,114 $178,182 $125,932
2021 $4,087 $298,152 $174,689 $123,463
2020 $4,121 $295,096 $172,898 $122,198
2019 $3,971 $289,310 $169,508 $119,802
2018 $3,893 $283,638 $166,185 $117,453
2016 $3,704 $272,626 $159,733 $112,893
2015 $3,650 $268,532 $157,334 $111,198
2014 $3,668 $263,273 $154,253 $109,020
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23164194

California Regional Multiple Listing Service (CRMLS)

APN: 6069-024-014

Your Personal Tour Guide

Ask me questions while you tour the home.