NOT LISTED FOR SALE

Estimated Value: $952,000 - $1,255,000

5 Beds
4 Baths
3,328 Sq Ft
$339/Sq Ft Est. Value

Last Sold March 03, 2023

Last sale price $975,000 $293 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $7,048/month

62 Days on Market

About This Home

As of March 2023

Happy to present to you a beautiful 4-unit apartment building located in Los Angeles Rampart Village, CA Built in 1928.
The property consist of 3,328 rentable square feet , spread throughout a 7,250 square foot lot. Consisting of one 2 bedroom's unit/ 1- Bathroom unit Three 1bed-/1-bathroom. owners can enjoy this high demand rental location know for blue collar workers, resulting in consistent low vacancy rate and increasing rents. Tenants appreciate living space for hosting get togethers and close proximity to 101 freeway, public transportation, great schools, shopping and much more. This is a tremendous opportunity with a great upside.

Last Agent to Sell the Property

Sergio Martinez

Pak Home Realty License #01358473 Listed on: 11/08/2022

Pak Home Realty

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,457

Year Built

  • Built in 1928

Lot Details

  • 7,248 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,328 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 25
  • Assessor Parcel Number 5154013009
  • $499 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,911
  • Maintenance Expense $3,000
  • Water Sewer Expense $1,911
  • New Taxes Expense $6,191
  • Operating Expense $14,102
  • Gross Income $66,108
  • Net Operating Income $52,006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,457

Year Built

Built in 1928

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 243750
  • Property Attached: Yes
  • Water Sewer Expenses: 1911.00
  • Zoning: LAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5154013009
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 292.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7248.00
  • Lot Size Acres: 0.1664

Multi Family

  • Gross Income: 66108.00
  • Gross Scheduled Income: 66108.00
  • Insurance Expense: 1911.00
  • Lot Size Area: 7248.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 52006.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 14102.00
  • Rent Control: Yes
  • Total Actual Rent: 5509.00
  • Total Expenses: 14102.00

Tax Info

  • New Taxes Expense: 6191.00
  • Tax Census Tract: 2085.02
  • Tax Lot: 25
  • Tax Tract Number: 25
  • TaxOtherAnnualAssessmentAmount: 499.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2022
Closed on
Jan 24, 2023
Sold by
Ricardo Ceja Diaz Trust
Bought by
21Haa Llc
Seller's Agent
Sergio Martinez
Pak Home Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$999,000
Sold Price
$975,000
Premium/Discount to List
-$24,000
-2.4%
Views
8
Current Estimated Value
$1,129,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,229
Avg. Annual Appreciation
5.83%
Original Mortgage
$240,000
Outstanding Balance
$231,950
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$897,279

Purchase Details

Closed on
Aug 17, 2021
Sold by
Diaz Ricardo
Bought by
Ricardo Ceja Diaz Trust and Diaz

Purchase Details

Closed on
Mar 22, 2004
Sold by
Garcia Pedro
Bought by
Diaz Ricardo

Purchase Details

Closed on
Jun 9, 2000
Sold by
Venegas Serafin
Bought by
Diaz Ricardo and Garcia Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,792
Interest Rate
8.12%
Mortgage Type
FHA
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
21Haa Llc $975,000 California Best Title
Ricardo Ceja Diaz Trust -- None Listed On Document
Diaz Ricardo -- --
Diaz Ricardo $270,000 Continental Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 21Haa Llc $240,000
Previous Owner Diaz Ricardo $267,792
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2023 03/03/23 Sold $975,000 0.0% $293 / Sq Ft
01/09/2023 01/09/23 Pending -- -- --
01/06/2023 01/06/23 Price Changed $975,000 -2.4% $293 / Sq Ft
11/08/2022 11/08/22 For Sale $999,000 -- $300 / 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 $12,457 $1,014,390 $556,614 $457,776
2024 $12,457 $994,500 $545,700 $448,800
2023 $6,578 $511,228 $334,009 $177,219
2022 $6,287 $501,205 $327,460 $173,745
2021 $6,191 $491,379 $321,040 $170,339
2020 $6,248 $486,342 $317,749 $168,593
2019 $6,012 $476,807 $311,519 $165,288
2018 $5,935 $467,459 $305,411 $162,048
2016 $5,650 $449,308 $293,552 $155,756
2015 $5,570 $442,560 $289,143 $153,417
2014 $5,614 $433,892 $283,480 $150,412
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22238343

California Regional Multiple Listing Service (CRMLS)

APN: 5154-013-009