NOT LISTED FOR SALE

Estimated Value: $650,000 - $801,000

6 Beds
2 Baths
1,800 Sq Ft
$409/Sq Ft Est. Value

Sale Details

Date Sold: May 3, 2021

Last sale price $599,000 $333 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,675 / mo

2 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • 4-minute walk to Watts Serenity Park
  • Tile Flooring
  • Wall Furnace

About This Home

As of May 2021

One of the least expensive Investment opportunity in Los Angeles area! Newer Duplex with two 3 bedrooms + 1 Bath independent units.
Rare opportunity to own a cash flow investment in prime Los Angeles area. Close to Freeways, Airport, Downtown LA and walking distance to Metro station and shopping. Long-term tenants paying rent on time (even during Covid). Great potential for higher income and better cash flow. Both units are exceptionally well maintained. Both units have washer/dryer hookup. Huge lot that allows for at least 6 cars to be parked inside the property. This deal will not Last!!

Last Agent to Sell the Property

Vibhor Vineet

Nanda Realty Inc. License #02098451 Listed on: 03/16/2021

Last Buyer's Agent

Vibhor Vineet

Nanda Realty Inc. License #02098451 Listed on: 03/16/2021

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1992

Lot Details

  • 6,854 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • 1,800 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Wall Furnace
  • Septic Type Unknown
  • Cable TV Available

Additional Features

  • Washer and Gas Dryer Hookup
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 32 / A
  • Tax Tract Number 2427
  • Assessor Parcel Number 6069026075

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Water Sewer Expense $2,400
  • New Taxes Expense $6,290
  • Operating Expense $3,000
  • Gross Income $36,120
  • Net Operating Income $36,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1992

Lot Details

6,854 Sq Ft Lot

Listing Details

  • Ad Number: Vibhor
  • CapRate: 5.30
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 6069026075
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Price Per Square Foot: 332.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6854.00
  • Lot Size Acres: 0.1573

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 36120.00
  • Gross Scheduled Income: 3010.00
  • Insurance Expense: 600.00
  • Lot Size Area: 6854.0000 Square Feet
  • Net Operating Income: 36120.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3000.00
  • Rent Control: No
  • Total Actual Rent: 3010.00
  • Total Expenses: 3000.00

Tax Info

  • New Taxes Expense: 6290.00
  • Tax Block: A
  • Tax Census Tract: 2427.00
  • Tax Lot: 32
  • Tax Tract Number: 2427

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2022
Sold by
Bautista Rafael and Trujillo Carla
Bought by
Current Estimated Value
$721,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,441
Outstanding Balance
$555,336
Interest Rate
3.92%
Mortgage Type
FHA
Estimated Equity
$180,531

Purchase Details

Closed on
Jun 14, 2019
Sold by
Vineet Vibhor
Bought by
Vineet Vibhor and Vibhor Vineet Investment Trust

Purchase Details

Closed on
Apr 28, 2015
Sold by
Vineet Vibhor
Bought by
Vineet Vibhor and Soni Harshika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 19, 2013
Closed on
Aug 2, 2013
Sold by
Hinojosa Rita
Bought by
Vineet Vibhor
Seller's Agent
Margarita Junak
RE/MAX TIME REALTY
Buyer's Agent
Nick Agnihotri
Amberwood Real Estate
List Price
$290,000
Sold Price
$290,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.43%
Original Mortgage
$217,500
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 1996
Sold by
Hinojosa Francisco and Hinojosa Rita
Bought by
Hinojosa Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,700
Interest Rate
7.95%

Purchase Details

Closed on
Sep 23, 1996
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Hinojosa Francisco and Hinojosa Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,700
Interest Rate
7.95%

Purchase Details

Closed on
May 6, 1996
Sold by
First Federal Bank Of California
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 2, 1996
Sold by
Aguilar Rigoberto and Aguilar Blanca E
Bought by
First Federal Bank Of California
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Watts, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Orange Coast Title
Vineet Vibhor -- None Available
Vineet Vibhor -- None Available
Vineet Vibhor -- Lawyers Title
Vineet Vibhor $290,000 Title 365
Hinojosa Francisco -- Fidelity Title
Hinojosa Francisco $146,000 First American Title Co
Federal Home Loan Mortgage Corporation -- First American Title Co
First Federal Bank Of California $155,000 American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $595,441
Previous Owner Vineet Vibhor $213,500
Previous Owner Vineet Vibhor $217,500
Previous Owner Hinojosa Francisco $138,700
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2021 05/03/21 Sold $599,000 -4.8% $333 / Sq Ft
03/17/2021 03/17/21 For Sale $629,000 +5.0% $349 / Sq Ft
03/17/2021 03/17/21 Off Market $599,000 -- --
03/16/2021 03/16/21 For Sale $629,000 +116.9% $349 / Sq Ft
09/10/2013 09/10/13 Sold $290,000 0.0% $161 / Sq Ft View Prior Sale
08/08/2013 08/08/13 Pending -- -- --
02/19/2013 02/19/13 For Sale $290,000 -- $161 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $8,337 $658,099 $494,400 $163,699
2025 $8,337 $645,196 $484,706 $160,490
2024 $8,203 $632,546 $475,202 $157,344
2023 $8,049 $620,144 $465,885 $154,259
2022 $7,641 $610,980 $459,000 $151,980
2021 $4,444 $328,421 $203,848 $124,573
2020 $4,482 $325,054 $201,758 $123,296
2019 $4,317 $318,681 $197,802 $120,879
2018 $4,220 $312,433 $193,924 $118,509
2016 $4,019 $300,303 $186,395 $113,908
2015 $3,960 $295,793 $183,596 $112,197
2014 -- $290,000 $180,000 $110,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21055070

California Regional Multiple Listing Service (CRMLS)

APN: 6069-026-075

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