NOT LISTED FOR SALE

Estimated Value: $955,035 - $1,061,000

5 Beds
5 Baths
2,530 Sq Ft
$402/Sq Ft Est. Value

Last Sold May 26, 2021

Last sale price $740,000 $292 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,214/month

26 Days on Market

Highlights

  • Primary Bedroom Suite
  • Dual Staircase
  • High Ceiling
  • City Lights View
  • Loft
  • Granite Countertops

About This Home

As of May 2021

Looking for a CASH COW? This income producing property is legally a Duplex and has a BONUS studio as a 3rd unit. Neighborhood located where there is NO RENT CONTROL. Front unit was built in 2009, large two story home with 4 Bedrooms and 3.5 Bath that is ideal for a large family. Living room is perfect for spending quality time with loved ones and it features a closet where you will find washer/dryer as well as a bathroom. Adjacent to living room is the spacious dining area that connects to large Kitchen with granite counter tops and wooden kitchen cabinets. Guest bedroom with its own bath is downstairs which is perfect for visitors or for elderly family members. 2 Bedrooms in 2nd floor have access to balcony overlooking DTLA. Master suite with master bath located on 2nd floor as well with a lot of closet space. Back unit is a 1 Bed/1 Bath that has been recently updated. PLUS an extra opportunity for MORE CASH FLOW, the garage was converted to a studio without permits and also has had updates recently. Minutes away from the 110, 105 and 10 fwy. Great for families who work near DTLA who can obtain a solid cash flow. Nearby LA Memorial Coliseum, LAFC's new Banc of California Stadium & the Staples Center/DTLA makes it a great location for investment & continued appreciation over the coming years.

Last Agent to Sell the Property

Marvin Garcia

ROA California Inc. License #01968704 Listed on: 02/05/2021

Co-Listed By

Kelsey Garcia

ROA California Inc. License #02054585

Last Buyer's Agent

Yvonne Regis

Khorr Realty License #01817942

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,807

Year Built

  • Built in 2009 | Remodeled

Lot Details

  • 5,410 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Private Yard
  • Garden
  • Back Yard

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Turnkey
  • Shingle Roof

Interior Spaces

  • 2,530 Sq Ft Home
  • 1-Story Property
  • Dual Staircase
  • Crown Molding
  • High Ceiling
  • Recessed Lighting
  • Double Door Entry
  • Living Room
  • Loft
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Converted Garage
  • Parking Available
  • Driveway
  • Automatic Gate
  • Paved Parking

Outdoor Features

  • Balcony
  • Exterior Lighting

Additional Features

  • Accessible Parking
  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 10 / B
  • Tax Tract Number 40
  • Assessor Parcel Number 6011004016

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $50
  • Fuel Expense $30
  • Insurance Expense $50
  • Trash Expense $50
  • Water Sewer Expense $100
  • New Taxes Expense $9,375
  • Operating Expense $12,600
  • Gross Income $62,400
  • Net Operating Income $49,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,807

Year Built

Built in 2009 | Remodeled

Lot Details

0

Listing Details

  • Property Attached: No
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 100.00
  • Zoning: LAR2
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 6011004016
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases, Balcony, Crown Molding, Granite Counters, High Ceilings, Pantry, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Accessibility Features: Parking
  • Door Features: Double Door Entry
  • Levels: One, Two
  • Price Per Square Foot: 292.49
  • Room Type: Kitchen, Laundry, Living Room, Loft, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet

Exterior Features

  • View: City Lights, Neighborhood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Converted Garage, Driveway, Concrete, Paved

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Closet, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Garden, Rectangular Lot, Yard
  • Lot Size Sq Ft: 5410.00
  • Lot Size Acres: 0.1242

Multi Family

  • Electric Expense: 50.00
  • Fuel Expense: 30.00
  • Gross Income: 62400.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 50.00
  • Lot Size Area: 5410.0000 Square Feet
  • Net Operating Income: 49800.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 12600.00
  • Rent Control: No
  • Total Expenses: 12600.00

Tax Info

  • New Taxes Expense: 9375.00
  • Tax Block: B
  • Tax Census Tract: 2393.20
  • Tax Lot: 10
  • Tax Tract Number: 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2021
Sold by
Alvarez Jose Asuncion Vargas and Danke Bran J
Bought by
Beliz Denis O
Current Estimated Value
$1,018,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2020
Sold by
Danke Bran J
Bought by
Alvarez Jose Asuncion Var and Danke Bran J

Purchase Details

Closed on
Sep 26, 2017
Sold by
Danke Christina V
Bought by
Danke Bran J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2017
Sold by
Silvina Vargas Revocable Living Trust
Bought by
Danke Bran J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2009
Sold by
Vargas Silvina and Vargas Silvina A
Bought by
Livin Vargas Silvina and Livin Silvina Vargas Revocable
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
Beliz Denis O $740,000 Fidelity National Title
Alvarez Jose Asuncion Var -- None Listed On Document
Danke Bran J -- Stewart Title Of Ca Inc
Danke Bran J -- None Available
Livin Vargas Silvina -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beliz Denis O $592,000
Previous Owner Danke Bran J $265,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2021 05/26/21 Sold $740,000 0.0% $292 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $739,900 -- $292 / 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 $9,807 $800,998 $541,216 $259,782
2024 $9,807 $785,293 $530,604 $254,689
2023 $9,620 $769,896 $520,200 $249,696
2022 $9,176 $754,800 $510,000 $244,800
2021 $8,014 $651,352 $394,595 $256,757
2020 $7,847 $624,240 $390,150 $234,090
2019 $7,542 $612,000 $382,500 $229,500
2018 $7,452 $600,000 $375,000 $225,000
2017 $2,999 $235,603 $14,342 $221,261
2016 $2,903 $230,984 $14,061 $216,923
2015 $2,862 $227,515 $13,850 $213,665
2014 $2,882 $223,059 $13,579 $209,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21024717

California Regional Multiple Listing Service (CRMLS)

APN: 6011-004-016