NOT LISTED FOR SALE

2125 Alsace Ave Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $1,052,000 - $1,721,000

6 Beds
3 Baths
2,324 Sq Ft
$569/Sq Ft Est. Value

Last Sold October 31, 2017

Last sale price $950,000 $409 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $8,033/month

80 Days on Market

Highlights

  • 0.72 Acre Lot
  • Main Floor Bedroom
  • Granite Countertops
  • Wood Flooring
  • Ground Level Unit
  • Lawn

About This Home

As of October 2017

100% occupied & extremely well maintained renovated triplex in prime, rapidly appreciating mid-city location! Easy access to downtown/west-side & public transport. Property consists of 3 units each with 2 beds & 1 bath. Front unit address is 2125; a 1 story SFR w/ 3 parking spaces. Recently passed city inspections & under rent-control. 2-story rear duplex addresses are 2123A & 2123B, offering gated secured parking for 4 cars. Duplex is 100% remodeled w/ granite counter tops, stainless appliances, tiled baths, hardwood flooring & NOT under rent control. Great investment property on a very quiet walk street. Please submit offers w/proof of funds & pre-approval. Buyer to verify square footage. Broker does not represent or guarantee accuracy of square footage, lot size, dimensions or other info concerning conditions or features of property. Buyer is advised to independently verify & rely upon all info provided through inspections by qualified & licensed inspectors. Text MLS254517 to 85377

Last Agent to Sell the Property

Shelly Palmer

Stephen Anderson Schmid License #01454699 Listed on: 07/13/2017

Last Buyer's Agent

Shelly Palmer

Stephen Anderson Schmid License #01454699 Listed on: 07/13/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,152

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 0.72 Acre Lot
  • East Facing Home
  • Corners Of The Lot Have Been Marked
  • Lawn
  • Property is zoned LARD2

Home Design

  • Bungalow
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,324 Sq Ft Home
  • 2-Story Property
  • Wired For Data
  • Ceiling Fan
  • Vertical Blinds
  • Drapes & Rods
  • Window Screens
  • Entryway
  • Living Room
  • Property Views

Kitchen

  • Gas Oven
  • Recirculated Exhaust Fan
  • Dishwasher
  • Granite Countertops
  • Tile Countertops

Flooring

  • Wood
  • Wood Under Carpet
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Remodeled Bathroom
  • 3 Bathrooms
  • Low Flow Toliet
  • Bathtub with Shower

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 7 Car Direct Access Garage
  • 7 Open Parking Spaces
  • Public Parking
  • Private Parking
  • Garage Door Opener
  • Driveway
  • Automatic Gate
  • On-Street Parking
  • Controlled Entrance

Outdoor Features

  • Open Patio
  • Front Porch

Location

  • Ground Level Unit
  • City Lot

Utilities

  • Vented Exhaust Fan
  • Heating System Mounted To A Wall or Window
  • Underground Utilities
  • Overhead Utilities
  • Property is located within a water district
  • Multi-Tank Gas Water Heater
  • Multi-Tank Central Water Heater
  • Sewer in Street
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • The owner pays for gardener, water
  • Assessor Parcel Number 5062-008-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,152

Year Built

Built in 1923 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: Ground Level, Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: 100% occupied & extremely well maintained renovated triplex in prime, rapidly appreciating mid-city location! Easy access to downtown/west-side & public transport. Property consists of 3 units each with 2 beds & 1 bath. Front unit address is 2125; a 1 story SFR w/ 3 parking spaces. Recently passed city inspections & under rent-control. 2-story rear duplex addresses are 2123A & 2123B, offering gated secured parking for 4 cars. Duplex is 100% remodeled w/ granite counter tops, stainless appliances, tiled baths, hardwood flooring & NOT under rent control. Great investment property on a very quiet walk street. Please submit offers w/proof of funds & pre-approval. Buyer to verify square footage. Broker does not represent or guarantee accuracy of square footage, lot size, dimensions or other info concerning conditions or features of property. Buyer is advised to independently verify & rely upon all info provided through inspections by qualified & licensed inspectors. Text MLS254517 to 85377
  • Alley: Yes
  • Entry Location: Ground Level - no steps
  • Living Area: 2324
  • Lot Acreage: 0.7200
  • Lot Dimensions: A.0.1378
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Common Walls, Detached/No Common Walls, Pre-wired for high speed Data
  • Number Carpet: 1
  • Number Dishwasher: 3
  • Number Disposal: 3
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Tile, Wood, Wood Under Carpet
  • Appliances: Free Standing Gas, Gas, Oven-Gas
  • Bedrooms: 6
  • Bedroom Features: Main Floor Bedroom
  • Common Walls: Attached, Detached/No Common Walls
  • Bathroom Features: Low Flow Toilet(s), Remodeled, Shower and Tub, Tile
  • Kitchen Features: Granite Counters, Tile Counters
  • Total Bathrooms: 3.00
  • Equipment: Cable, Ceiling Fan, Dishwasher, Hood Fan, Recirculated Exhaust Fan, Refrigerator, Vented Exhaust Fan
  • Price Per S Q F T: 419.54
  • Windows: Drapes/Curtains, Mini Blinds, Screens, Vertical Blinds

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Features: Two On A Lot
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Construction: Frame and Stucco
  • Number Patio: 1
  • Patio: Porch - Front
  • Paved: Yes
  • Pool: No
  • Roof: Composition
  • Spa Yn: No
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Other Spaces: 7
  • Number Rented Garages: 0
  • Parking Garage: Auto Driveway Gate, Controlled Entrance, Direct Entrance, Door Opener, Driveway, Driveway - Concrete, On street, Private, Public, Uncovered
  • Total Parking: 7

Utilities

  • TV Svcs: Cable TV
  • Volt 220: 220V Throughout
  • Water District: LADWP
  • Water Heater: Central Water Heater, Gas, Multi-Tank
  • Cooling: Ceiling Fan
  • Heating: Wall, Wall Gas
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 1
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector
  • Sewer: In Street, In Street Paid
  • Water: District, In Street, Meter on Property
  • Water Expense: 100.00
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 50.00
  • Assessed Improvement Value: 283000
  • Assessed Land Value: 430000
  • Total Assessed Value: 713000
  • Assessor Parcel Number: 5062-008-017
  • Geocode Override: No
  • Lot Description: Alley Paved, Automatic Gate, Corners Established, Exterior Security Lights, Lawn, Sidewalks, Single Lot, Street Asphalt, Street Concrete, Street Lighting, Street Paved, Utilities - Overhead, Utilities Underground, Walk Street, Yard
  • Lot Location: Alley Access, City
  • Lot Size Area: 6002

Rental Info

  • Number Leased: 3
  • Lease Per Month Year: Year
  • Monthly Gross Income: 4750.00
  • Owner Pays: Gardener, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17.00
  • Gross Scheduled Income: 56760.00
  • Gross Spendable Income: 55080.00
  • Number Of Units: 3
  • Number Wall A C: 3
  • Rent Control: 33.3
  • Type Of Units: Hse + Duplex
  • Vacancy Allow: 0
  • Vacancy Allow Percent: 0.00

Tax Info

  • Tax Expense: 625.00
  • Tax Percent: 29.80
  • Tax Total: 7502.92
  • Tax Rate Year: 2016

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2018
Sold by
Vollmer Jim Richard and Vollmer Shirah Adah
Bought by
George V Llc
Current Estimated Value
$1,322,763

Purchase Details

Listed on
Jul 13, 2017
Closed on
Oct 26, 2017
Sold by
Romero Ricardo
Bought by
Vollmer Jim Richard and Vollmer Shirah Adah
Seller's Agent
Shelly Palmer
Stephen Anderson Schmid
Buyer's Agent
Shelly Palmer
Stephen Anderson Schmid
List Price
$975,000
Sold Price
$950,000
Premium/Discount to List
-$25,000
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.23%

Purchase Details

Listed on
Jun 19, 2015
Closed on
Aug 18, 2015
Sold by
Luna Marisela
Bought by
Romero Ricardo
Seller's Agent
Bryan Cathcart
City and Coast Properties
Buyer's Agent
Shelly Palmer
Stephen Anderson Schmid
List Price
$750,000
Sold Price
$612,500
Premium/Discount to List
-$137,500
-18.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.08%
Original Mortgage
$490,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 19, 2015
Closed on
Aug 11, 2015
Sold by
Chelsea Road Llc
Bought by
Romero Ricardo
Seller's Agent
Bryan Cathcart
City and Coast Properties
Buyer's Agent
Shelly Palmer
Stephen Anderson Schmid
List Price
$750,000
Sold Price
$612,500
Premium/Discount to List
-$137,500
-18.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2013
Sold by
Zellner Russell
Bought by
Chelsea Road Llc

Purchase Details

Closed on
Jan 11, 2010
Sold by
Pena Irving A and Pena Evodia
Bought by
Zellner Russell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,573
Interest Rate
5.25%
Mortgage Type
FHA
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
George V Llc -- None Available
Vollmer Jim Richard -- Chicago Title Company
Romero Ricardo -- Fidelity National Title
Romero Ricardo $612,500 Fidelity National Title
Chelsea Road Llc -- None Available
Zellner Russell -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Romero Ricardo $490,000
Previous Owner Zellner Russell $402,573
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2017 10/31/17 Sold $950,000 -2.6% $409 / Sq Ft
10/01/2017 10/01/17 Pending -- -- --
07/13/2017 07/13/17 For Sale $975,000 +59.2% $420 / Sq Ft
08/20/2015 08/20/15 Sold $612,500 -18.3% $264 / Sq Ft View Prior Sale
07/20/2015 07/20/15 Pending -- -- --
04/22/2015 04/22/15 For Sale $750,000 -- $323 / Sq Ft
Source: The MLS

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 $13,152 $1,080,932 $910,261 $170,671
2024 $13,152 $1,059,738 $892,413 $167,325
2023 $12,903 $1,038,960 $874,915 $164,045
2022 $12,312 $1,018,589 $857,760 $160,829
2021 $12,156 $998,618 $840,942 $157,676
2020 $12,279 $988,380 $832,320 $156,060
2019 $11,796 $969,000 $816,000 $153,000
2018 $11,683 $950,000 $800,000 $150,000
2016 $7,503 $612,500 $430,000 $182,500
2015 $5,964 $476,330 $305,994 $170,336
2014 $6,003 $467,000 $300,000 $167,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Shelly Palmer

    Stephen Anderson Schmid

    Section Image

  • B

    Seller's Agent in 2015

    Bryan Cathcart

    City and Coast Properties

    Section Image

  • E

    Seller Co-Listing Agent in 2015

    Erin Paul

    TDC/Pacific Properties Inc.

See All Agents

Map

Source: The MLS

MLS Number: 17-251718

The MLS

APN: 5062-008-017

California Los Angeles County Los Angeles 90016 Mid-City

2125 Alsace Ave, Los Angeles, CA

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