NOT LISTED FOR SALE

208 N Rowan Ave Los Angeles, CA 90063

Estimated Value: $812,000 - $940,432

6 Beds
3 Baths
1,610 Sq Ft
$535/Sq Ft Est. Value

Last Sold November 07, 2019

Last sale price $630,000 $391 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,705/month

40 Days on Market

Highlights

  • Laundry Room
  • James A. Garfield Senior High School Rated A
  • Wall Furnace

About This Home

As of November 2019

7.5% cap rate. Unbelievable steal. Area going through huge transformation with multiple developments. Multiple retail and restaurants nearby conveniently located with minutes of downtown LA. Great duplex for 1st time home buyer or investor. The back house has 3 rooms and 1 bath with remodeled kitchen, bathroom and also has its own washer and dryer hookups in the home. The front house is a duplex with one unit being a 1 bedroom and 1 bath with a kitchen. The second unit appears to be a 2 bedroom and 1 bath with a kitchen and its own shared laundry room with the next door unit. The plumbing has been updated in all the bathrooms and kitchens. Also the electrical has been updated. With a little bit of TLC property will produce income for the right buyer or investor. Come see this amazing duplex before it's SOLD! Call for more details.

Last Agent to Sell the Property

Jesse Pena

Up Realty Inc. License #01982106 Listed on: 08/14/2019

Last Buyer's Agent

saul zavala

Century 21 Realty Masters License #01226266

Century 21 Realty Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,843

Year Built

  • Built in 1924

Lot Details

  • 5,999 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,610 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Parking

  • Parking Available
  • Driveway

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 5311
  • Assessor Parcel Number 5232025003

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $1,050
  • Insurance Expense $1,705
  • Trash Expense $384
  • Water Sewer Expense $1,183
  • New Taxes Expense $7,975
  • Operating Expense $12,297
  • Gross Income $63,000
  • Net Operating Income $50,703

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,843

Year Built

Built in 1924

Lot Details

0

Listing Details

  • CapRate: 7.50
  • Property Attached: No
  • Water Sewer Expenses: 1183.00
  • Zoning: LCR2*
  • Property Type: Residential Income
  • Gardener Expense: 1050.00
  • Parcel Number: 5232025003
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 391.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Inside
  • Sewer: Unknown
  • Trash Expense: 384.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5999.00
  • Lot Size Acres: 0.1377

Multi Family

  • Gross Income: 63000.00
  • Gross Scheduled Income: 63000.00
  • Insurance Expense: 1705.00
  • Lot Size Area: 5999.0000 Square Feet
  • Net Operating Income: 50703.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Number With Range: 2
  • Operating Expense: 12297.00
  • Rent Control: Yes
  • Total Expenses: 12297.00

Tax Info

  • New Taxes Expense: 7975.00
  • Tax Census Tract: 5311.01
  • Tax Lot: 9
  • Tax Tract Number: 5311.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2019
Closed on
Oct 21, 2019
Sold by
Romero Mauro Barajas
Bought by
Romero Maurao Barajas and Barajas Alma C
Seller's Agent
Jesse Pena
Up Realty Inc.
Buyer's Agent
saul zavala
Century 21 Realty Masters
List Price
$638,000
Sold Price
$630,000
Premium/Discount to List
-$8,000
-1.25%
Current Estimated Value
$892,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,228
Avg. Annual Appreciation
5.56%
Original Mortgage
$504,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 14, 2019
Closed on
Oct 1, 2019
Sold by
Barajas Alma C
Bought by
Romero Mauro Barajas
Seller's Agent
Jesse Pena
Up Realty Inc.
Buyer's Agent
saul zavala
Century 21 Realty Masters
List Price
$638,000
Sold Price
$630,000
Premium/Discount to List
-$8,000
-1.25%

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
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 14, 2019
Closed on
Sep 30, 2019
Sold by
Rodriguez Bernardo and Rodriguez Olga Murga
Bought by
Romero Mauro Barajas
Seller's Agent
Jesse Pena
Up Realty Inc.
Buyer's Agent
saul zavala
Century 21 Realty Masters
List Price
$638,000
Sold Price
$630,000
Premium/Discount to List
-$8,000
-1.25%

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
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2009
Sold by
Doten Ricardo
Bought by
Murga Rodriguez Bernardo and Murga Rodriguez Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Romero Maurao Barajas -- Accommodation
Romero Mauro Barajas -- First American Title Company
Romero Mauro Barajas $630,000 First American Title Company
Murga Rodriguez Bernardo $245,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romero Mauro Barajas $504,000
Closed Romero Mauro Barajas $504,000
Previous Owner Rodriguez Bernardo $142,000
Previous Owner Murga Rodriguez Bernardo $145,000
Previous Owner Doten Ricardo $224,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2019 11/07/19 Sold $630,000 -1.3% $391 / Sq Ft
09/23/2019 09/23/19 Pending -- -- --
09/18/2019 09/18/19 For Sale $638,000 0.0% $396 / Sq Ft
08/25/2019 08/25/19 Pending -- -- --
08/14/2019 08/14/19 For Sale $638,000 -- $396 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,843 $688,992 $404,647 $284,345
2024 $9,843 $675,483 $396,713 $278,770
2023 $9,429 $662,239 $388,935 $273,304
2022 $9,008 $649,255 $381,309 $267,946
2021 $8,905 $636,526 $373,833 $262,693
2020 $8,970 $630,000 $370,000 $260,000
2019 $5,393 $371,708 $256,272 $115,436
2018 $5,264 $364,421 $251,248 $113,173
2016 $5,046 $350,272 $241,493 $108,779
2015 $4,972 $345,012 $237,866 $107,146
2014 $4,976 $338,255 $233,207 $105,048
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19194378

California Regional Multiple Listing Service (CRMLS)

APN: 5232-025-003