NOT LISTED FOR SALE

Estimated Value: $976,000 - $1,375,000

6 Beds
3 Baths
1,695 Sq Ft
$673/Sq Ft Est. Value

Last Sold September 19, 2013

Last sale price $418,200 $247 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $6,356/month

50 Days on Market

About This Home

As of September 2013

Perfect Opportunity To Be Close To Downtown LA At A Great Price. These Two Separate Houses (HOME & INCOME) Locate in Quiet & Convenience Location. Each House Is Separated By Fencing And Each Property Has Its Own Access. Main House (#2034 Gates-HOME) Features 4 Bedrooms and 2 Bathrooms With Completed Upgrade. Unit 2 (#2032 Gates-INCOME) Features 2 Bedrooms and 1 Bathroom With Well Kept and Upgrade, It's Occupied By An Good Long-term Tenant pays $960 Per Month. Property Will Be Sold In It's Present "AS IS" Condition With NO Warranties Either Expressed Or Implied. Buyer & Buyer's Agent To Verify Any And All Information Regarding This Property.

Last Agent to Sell the Property

Gloria Chu

IRN REALTY License #01780122 Listed on: 05/10/2013

IRN REALTY

Last Buyer's Agent

LYNN DU TRAN

IRN REALTY License #01035977

IRN REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 9,932 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Parking Spaces

Home Design

  • 1,695 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $360
  • Gross Income $960
  • Net Operating Income $930

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

9,932 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 360.00
  • Property Type: Residential Income
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 246.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9932.00
  • Lot Size Acres: 0.2280

Multi Family

  • Gross Income: 960.00
  • Gross Scheduled Income: 960.00
  • Lot Size Area: 9932.0000 Square Feet
  • Net Operating Income: 930.00
  • 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: 30.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2022
Sold by
Phoong Quyen
Bought by
Quyen Phong Revocable Trust
Current Estimated Value
$1,074,667

Purchase Details

Closed on
Sep 23, 2020
Sold by
Tsan Jimmy and Phoong Quyen
Bought by
Phoong Quyen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,000
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2018
Sold by
Tsan Jimmy and Phoong Quyen
Bought by
Southern California Gas Company

Purchase Details

Listed on
May 10, 2013
Closed on
Sep 14, 2013
Sold by
Ly Manchi
Bought by
Tsan Jimmy and Phoong Quyen
Seller's Agent
Gloria Chu
IRN REALTY
Buyer's Agent
LYNN DU TRAN
IRN REALTY
List Price
$480,000
Sold Price
$418,200
Premium/Discount to List
-$61,800
-12.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.38%
Original Mortgage
$290,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2012
Sold by
Ly Mui Tai
Bought by
Ly Manchi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Quyen Phong Revocable Trust -- --
Phoong Quyen -- First American Title Company
Southern California Gas Company -- None Available
Tsan Jimmy $418,500 Ticor Title
Ly Manchi -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phoong Quyen $618,000
Previous Owner Tsan Jimmy $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2013 09/19/13 Sold $418,200 -12.9% $247 / Sq Ft
06/29/2013 06/29/13 Pending -- -- --
05/10/2013 05/10/13 For Sale $480,000 -- $283 / 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 $9,905 $781,904 $390,432 $391,472
2024 $9,905 $766,574 $382,777 $383,797
2023 $9,722 $751,544 $375,272 $376,272
2022 $9,289 $736,809 $367,914 $368,895
2021 $9,159 $722,362 $360,700 $361,662
2020 $9,243 $714,956 $357,002 $357,954
2019 $712 $570,089 $350,002 $220,087
2018 $6,172 $498,612 $343,140 $155,472
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS13087373

California Regional Multiple Listing Service (CRMLS)

APN: 5211-003-028

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