Seller's Agent in 2020
Joel Fajardo
Luxury Collective
(818) 309-9003
62 Total Sales
1841 W 24th St Los Angeles, CA 90018
Adams-Normandie NeighborhoodEstimated Value: $985,000 - $1,206,000
4
Beds
4
Baths
3,744
Sq Ft
$287/Sq Ft
Est. Value
Highlights
- No HOA
- Wall Furnace
- Back Yard
About This Home
As of February 2020Cap rate of approximately 5.0%, and three units now month-to-month! Great opportunity to acquire a 4-unit investment property in the West Adams District located just 1.5 walking-miles from USC. The 3,744 SF property has four spacious units and ample parking. These units are complete with dining rooms and large bedrooms. Tenants pay all utilities except water and sewer. This is a must-see property centered close to downtown and all that L.A. has to offer. **Do not approach tenants without Seller authorization.**
Last Agent to Sell the Property
Luxury Collective License #01847613 Listed on: 09/17/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,760
Year Built
- Built in 1912
Lot Details
- 6,650 Sq Ft Lot
- No Common Walls
- Back Yard
Parking
- 4 Car Garage
Home Design
- 3,744 Sq Ft Home
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Utilities
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 12 / 3
- Assessor Parcel Number 5058022018
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Insurance Expense $2,640
- Water Sewer Expense $2,200
- New Taxes Expense $10,000
- Operating Expense $14,840
- Net Operating Income $40,096
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 17, 2019
Closed on
Jan 22, 2020
Sold by
Ortega Ricardo
Bought by
Gilboa Arnon
Seller's Agent
Joel Fajardo
Luxury Collective
Buyer's Agent
David Kay
Standard Estates
List Price
$950,000
Sold Price
$790,000
Premium/Discount to List
-$160,000
-16.84%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,984
Avg. Annual Appreciation
5.80%
Original Mortgage
$592,500
Outstanding Balance
$525,734
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$548,250
Purchase Details
Closed on
May 21, 2002
Sold by
Lopez Josefina
Bought by
Ortega Ricardo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,500
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 9, 2000
Sold by
Ortega Ricardo
Bought by
Ortega Ricardo and Lopez Josefina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,800
Interest Rate
8.14%
Purchase Details
Closed on
Mar 8, 1996
Sold by
Lopez Josefina
Bought by
Ortega Ricardo
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gilboa Arnon | $790,000 | Lawyers Title | |
| Ortega Ricardo | -- | Fidelity National Title Co | |
| Ortega Ricardo | -- | American Title Co | |
| Ortega Ricardo | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gilboa Arnon | $592,500 | |
| Previous Owner | Ortega Ricardo | $560,000 | |
| Previous Owner | Ortega Ricardo | $80,000 | |
| Previous Owner | Ortega Ricardo | $496,000 | |
| Previous Owner | Ortega Ricardo | $246,500 | |
| Previous Owner | Ortega Ricardo | $188,800 | |
| Previous Owner | Ortega Ricardo | $188,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2020 02/26/20 | Sold | $790,000 | -16.8% | $211 / Sq Ft |
| 01/17/2020 01/17/20 | Pending | -- | -- | -- |
| 09/17/2019 09/17/19 | For Sale | $950,000 | -- | $254 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,760 | $863,975 | $645,248 | $218,727 |
| 2024 | $10,760 | $847,036 | $632,597 | $214,439 |
| 2023 | $10,562 | $830,429 | $620,194 | $210,235 |
| 2022 | $10,088 | $814,147 | $608,034 | $206,113 |
| 2021 | $9,948 | $798,184 | $596,112 | $202,072 |
| 2020 | $4,721 | $346,482 | $150,665 | $195,817 |
| 2019 | $4,552 | $339,689 | $147,711 | $191,978 |
| 2018 | $4,426 | $333,029 | $144,815 | $188,214 |
| 2016 | $4,202 | $320,099 | $139,193 | $180,906 |
| 2015 | $4,145 | $315,292 | $137,103 | $178,189 |
| 2014 | $4,186 | $309,117 | $134,418 | $174,699 |
Source: Public Records
Agents Affiliated with this Home
-
-
E
Seller Co-Listing Agent in 2020
Eric Delgado
Luxury Collective
(310) 909-3464
453 Total Sales
-
D
Buyer's Agent in 2020
David Kay
Standard Estates
(818) 207-7722
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR19222476
APN: 5058-022-018
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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