NOT LISTED FOR SALE

2116 Portland St Los Angeles, CA 90007

University Park Neighborhood

Estimated Value: $1,173,000 - $1,290,442

5 Beds
5 Baths
2,350 Sq Ft
$530/Sq Ft Est. Value

Last Sold August 08, 2018

Last sale price $800,000 $340 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $7,798/month

27 Days on Market

About This Home

As of August 2018

HISTORICAL 2 UNITS, LOCATED 1 MILE FROM USC VILLAGE

Last Agent to Sell the Property

Samuel Reyes

Go Home Realty License #01496849 Listed on: 05/03/2018

Co-Listed By

Olinda Ramirez

Go Home Realty License #01444901

Last Buyer's Agent

Olinda Ramirez

Go Home Realty License #01444901

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,753

Year Built

  • Built in 1909

Lot Details

  • 5,622 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • 2,350 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 16
  • Tax Tract Number 2244
  • Assessor Parcel Number 5124013011

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,560
  • Fuel Expense $600
  • Insurance Expense $650
  • Trash Expense $840
  • Water Sewer Expense $2,400
  • New Taxes Expense $2,439
  • Operating Expense $8,489
  • Gross Income $20,400
  • Net Operating Income $11,911

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,753

Year Built

Built in 1909

Lot Details

0

Parking

1

Listing Details

  • Other Phone Description: 562-650-3960
  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5124013011
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 340.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5622.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 1560.00
  • Fuel Expense: 600.00
  • Gross Income: 20400.00
  • Gross Scheduled Income: 20400.00
  • Insurance Expense: 650.00
  • Net Operating Income: 11911.40
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 8488.60
  • Rent Control: Yes
  • Total Actual Rent: 1700.00
  • Total Expenses: 8488.60

Tax Info

  • New Taxes Expense: 2438.60
  • Tax Area: 48
  • Tax Census Tract: 2244.10
  • Tax Lot: 16
  • Tax Tract Number: 2244.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2019
Sold by
Singh Hari and Tak Kul Winder Singh
Bought by
Singh Hari
Current Estimated Value
$1,246,111

Purchase Details

Closed on
Sep 18, 2019
Sold by
Singh Hari
Bought by
Singh Hari and Kaur Daljit

Purchase Details

Listed on
May 3, 2018
Closed on
Jul 27, 2018
Sold by
Kaur Daljit
Bought by
Tak Kulwinder Singh
Seller's Agent
Samuel Reyes
Go Home Realty
Buyer's Agent
Olinda Ramirez
Go Home Realty
List Price
$8,500,000
Sold Price
$800,000
Premium/Discount to List
-$7,700,000
-90.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$600,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2018
Sold by
Izaguirre Juan
Bought by
Singh Hari and Tak Kulwinder Singh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 1993
Sold by
Izaguirre Abigay
Bought by
Izaguirre Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,600
Interest Rate
7.09%
Source: Public Records

Range of Values:

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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
Singh Hari -- Priority Title
Singh Hari -- Priority Title
Tak Kulwinder Singh -- Pacific Coast Title
Singh Hari -- Pacific Coast Title
Singh Hari $800,000 Pacific Coast Title
Izaguirre Juan -- Benevest Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Singh Hari $600,000
Previous Owner Izaguirre Juan $136,000
Previous Owner Izaguirre Juan $119,770
Previous Owner Izaguirre Juan $123,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2018 08/08/18 Sold $800,000 -90.6% $340 / Sq Ft
05/30/2018 05/30/18 Pending -- -- --
05/03/2018 05/03/18 For Sale $8,500,000 -- $3,617 / 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
2024 $10,753 $866,335 $660,581 $205,754
2023 $10,550 $849,349 $647,629 $201,720
2022 $10,066 $832,696 $634,931 $197,765
2021 $9,934 $816,370 $622,482 $193,888
2019 $9,732 $800,000 $610,000 $190,000
2018 $2,489 $192,488 $131,250 $61,238
2016 $2,357 $185,015 $126,154 $58,861
2015 $2,324 $182,237 $124,260 $57,977
2014 $2,345 $178,668 $121,826 $56,842
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Samuel Reyes

    Go Home Realty

    (562) 925-8200

    7 Total Sales

    Samuel Reyes
    Section Image

  • O

    Seller Co-Listing Agent in 2018

    Olinda Ramirez

    Go Home Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18103932

California Regional Multiple Listing Service (CRMLS)

APN: 5124-013-011

California Los Angeles County Los Angeles 90007 University Park

2116 Portland St, Los Angeles, CA

This home is located at 2116 Portland St, Los Angeles, CA 90007 since 03 May 2018 and is currently estimated at $1,246,111, approximately $530 per square foot. This property was built in 1909. 2116 Portland St is a home located in Los Angeles County with nearby schools including Norwood Street Elementary School, John Adams Middle School, and West Adams Preparatory High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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