NOT LISTED FOR SALE

Estimated Value: $669,324 - $1,041,000

5 Beds
3 Baths
2,532 Sq Ft
$331/Sq Ft Est. Value

Last Sold May 13, 2019

Last sale price $500,000 $197 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $5,496/month

54 Days on Market

Highlights

  • Traditional Architecture
  • Carpet
  • 1-Story Property
  • Bathtub with Shower

About This Home

As of May 2019

Great opportunity as an investment for positive rental income. Tile floors in the kitchen and laminate floors throughout! First unit consists of 2 bed & 1 bath. Second unit consists of 3 bed & 2 bath. Property has space for 4 cars in the enclosed area for parking in the back of the property! This property is ideal as an owner user or as the perfect income property to add to your portfolio. Come see this property today.

Last Agent to Sell the Property

Polly Watts

Sundae Homes License #00895696 Listed on: 02/28/2019

Last Buyer's Agent

Walfre Alvizures

License #01507344

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,944

Year Built

  • Built in 1907

Lot Details

  • 6,305 Sq Ft Lot
  • Lot Dimensions are 50x126

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,532 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms
  • Bathtub with Shower

Parking

  • 3 Open Parking Spaces
  • 4 Parking Spaces
  • 1 Carport Space

Utilities

  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5016-005-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,944

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Advertising Remarks: Great opportunity as an investment for positive rental income. Tile floors in the kitchen and laminate floors throughout! First unit consists of 2 bed & 1 bath. Second unit consists of 3 bed & 2 bath. Property has space for 4 cars in the enclosed area for parking in the back of the property! This property is ideal as an owner user or as the perfect income property to add to your portfolio. Come see this property today.
  • Builders Tract Code: Not in a Development
  • Living Area: 2532
  • Lot Dimensions: 50x126
  • Stories: 1
  • Year Built: 1907
  • Builders Tract Name: Not in a Development
  • Number Of Photos: 38
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate
  • Bedrooms: 5
  • Bathroom Features: Shower Over Tub
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 197.43

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Construction: Frame and Stucco
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Carport Spaces: 1
  • Other Spaces: 3
  • Parking Garage: Carport, Uncovered
  • Total Parking: 4

Utilities

  • Heating: Natural Gas, Wall Gas
  • Sewer: In Connected and Paid
  • Water: District

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Value: 155332
  • Assessed Land Value: 362443
  • Assessor Parcel Number: 5016-005-017
  • Geocode Override: No
  • Lot Size Area: 6305

Rental Info

  • Number Leased: 0
  • Land Lease Type: Fee
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: 2
  • Vacancy Rate: 100%

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2022
Sold by
Portela Erika M and Recinos William E
Bought by
Carpio Erika M Portela and Linares William E
Current Estimated Value
$867,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Outstanding Balance
$521,978
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$317,353

Purchase Details

Closed on
Oct 17, 2019
Sold by
Portela Erika M and Portela Kevin R
Bought by
Portela Kevin R and Portela Sandra B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 28, 2019
Closed on
May 7, 2019
Sold by
Portela Sandra Briyi
Bought by
Portela Carpio Kevin R
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Walfre Alvizures
List Price
$599,900
Sold Price
$500,000
Premium/Discount to List
-$99,900
-16.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.64%
Original Mortgage
$400,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 28, 2019
Closed on
May 3, 2019
Sold by
Ilollyvale Rental Holdings Llc
Bought by
Portela Carpio Erika M and Portela Carpio Kevin R
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Walfre Alvizures
List Price
$599,900
Sold Price
$500,000
Premium/Discount to List
-$99,900
-16.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2018
Sold by
Mid Cal Realty Services Inc
Bought by
Hollyvale Rental Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 2018
Sold by
Bellamy Timothy
Bought by
Mid Cal Realty Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 22, 2015
Sold by
Khalilirad Immanuel
Bought by
Bellamy Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,312
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 19, 2012
Closed on
Dec 10, 2012
Sold by
Intersection Properties Llc
Bought by
Khalilirad Imanuel
Seller's Agent
Lena Samigoullina
Keller Williams Hollywood Hills
Buyer's Agent
Marycruz Elizalde
List Price
$250,000
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.03%

Purchase Details

Listed on
Nov 19, 2012
Closed on
Oct 30, 2012
Sold by
Alas Sofia D
Bought by
Intersection Properties Llc
Seller's Agent
Lena Samigoullina
Keller Williams Hollywood Hills
Buyer's Agent
Marycruz Elizalde
List Price
$250,000
Sold Price
$250,000

Purchase Details

Closed on
Feb 20, 2010
Sold by
Zepeda David and The Kenneth & Fran Gilbert & D
Bought by
Zepeda David and The Robert & Janis Mann & Fran Gilbert &

Purchase Details

Closed on
Mar 21, 2005
Sold by
Benavidez Hector
Bought by
Alas Sofia D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
7.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 30, 2004
Sold by
Benavidez Margarita
Bought by
Benavidez Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2004
Sold by
Velasquez Higinio and Velasquez Ana
Bought by
Benavidez Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 1999
Sold by
Padilla Armando
Bought by
Velasquez Higinio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,000
Interest Rate
7%

Purchase Details

Closed on
Jun 12, 1997
Sold by
Velasquez Higinio and Velasquez Ana
Bought by
Velasquez Higinio

Purchase Details

Closed on
Mar 16, 1995
Sold by
Freeman James Edward
Bought by
Velasquez Higinio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,800
Interest Rate
7.92%
Mortgage Type
FHA
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
Carpio Erika M Portela -- Usa National Title
Portela Kevin R -- Provident Title Company
Portela Carpio Kevin R -- Fidelity National Title Co
Portela Carpio Erika M $500,000 Fidelity National Title Co
Hollyvale Rental Holdings Llc -- None Available
Mid Cal Realty Services Inc $600,000 None Available
Bellamy Timothy $500,000 Wfg Title Company California
Khalilirad Imanuel $250,000 Provident Title Company
Khalilirad Imanuel -- Provident Title Company
Intersection Properties Llc $220,000 Provident Title Company
Zepeda David -- None Available
Alas Sofia D $475,000 --
Benavidez Hector -- Southland
Benavidez Hector $400,000 Southland Title
Velasquez Higinio -- Universal Title Company
Velasquez Higinio -- --
Velasquez Higinio $125,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carpio Erika M Portela $560,000
Previous Owner Portela Kevin R $417,000
Previous Owner Portela Carpio Erika M $400,000
Previous Owner Holly $82,000
Previous Owner Hollyvale Rental Holding Llc $30,000
Previous Owner Bellamy Timothy $483,312
Previous Owner Alas Sofia D $528,000
Previous Owner Alas Sofia D $356,250
Previous Owner Benavidez Hector $320,000
Previous Owner Velasquez Higinio $122,000
Previous Owner Velasquez Higinio $127,000
Previous Owner Velasquez Higinio $121,862
Previous Owner Velasquez Higinio $123,800
Closed Benavidez Hector $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2019 05/13/19 Sold $500,000 0.0% $197 / Sq Ft
04/23/2019 04/23/19 Pending -- -- --
04/01/2019 04/01/19 Price Changed $499,900 -16.7% $197 / Sq Ft
02/28/2019 02/28/19 For Sale $599,900 +20.0% $237 / Sq Ft
06/29/2015 06/29/15 Sold $500,000 -3.7% $190 / Sq Ft
04/22/2015 04/22/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $519,000 +107.6% $197 / Sq Ft
12/14/2012 12/14/12 Sold $250,000 0.0% $99 / Sq Ft
12/03/2012 12/03/12 Pending -- -- --
11/19/2012 11/19/12 For Sale $250,000 +13.6% $99 / Sq Ft
11/15/2012 11/15/12 Sold $220,000 -33.9% $87 / Sq Ft
10/24/2012 10/24/12 Pending -- -- --
04/24/2012 04/24/12 For Sale $333,000 -- $132 / Sq Ft
Source: The MLS

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 $8,944 $718,339 $334,654 $383,685
2024 $8,944 $704,255 $328,093 $376,162
2023 $6,911 $536,099 $321,660 $214,439
2022 $6,605 $525,588 $315,353 $210,235
2021 $6,512 $515,283 $309,170 $206,113
2019 $8,180 $658,180 $464,100 $194,080
2018 $6,657 $528,409 $369,691 $158,718
2016 $6,353 $507,624 $355,337 $152,287
2015 $3,356 $256,151 $179,306 $76,845
2014 $3,389 $251,134 $175,794 $75,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-438674

The MLS

APN: 5016-005-017