NOT LISTED FOR SALE

213 E 87th Place Los Angeles, CA 90003

Broadway-Manchester Neighborhood

Estimated Value: $778,000 - $1,006,000

7 Beds
4 Baths
2,723 Sq Ft
$339/Sq Ft Est. Value

Last Sold December 29, 2016

Last sale price $510,000 $187 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $5,686/month

16 Days on Market

Highlights

  • No HOA
  • Level Lot
  • Front Yard
  • Accessible Parking
  • Wall Furnace
  • 2-minute walk to Wall Street Park

About This Home

As of December 2016

Excellent Opportunity to own Four Units in the City of Los Angeles! Unit Mix consists of (1) 3bed/1bath Updated and Remodeled - Newly Leased for $1,500/Mo through November 2017, (1) 2bed/1bath Leased at $764/Mo through May 2018, (1) 1bed/1bath leased at $961 on Month to Month & (1) Vacant 1bed/bath. The 4th Unit has also been Updated and Remodeled and Rented at $985 through 12/2017! The remodeled units are well appointed with New Tile flooring, New cabinetry, Granite countertops, Appliances, Fixtures, Paint, Lighting, Water Heaters, Tub & Shower enclosures, and Inside Laundry Hookups! Tons parking offered- 8 Onsite Parking Spaces! This is an Excellent Opportunity for an Investor looking for a turn key Investment that is Cash Flowing with upside potential. If you’re looking for a Fantastic ROI, you’ve found the one! Don’t Miss out!

Last Agent to Sell the Property

Jessica Nieto

Brooke Realty License #01923684 Listed on: 11/09/2016

Last Buyer's Agent

Jeremy Howard

EMBARQ License #01840936

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,950

Year Built

  • Built in 1927

Lot Details

  • 6,269 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Front Yard

Home Design

  • 2,723 Sq Ft Home
  • Quadruplex
  • Stucco

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 7 Parking Spaces
  • Parking Available
  • Off-Street Parking

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 55
  • Tax Tract Number 4664
  • Assessor Parcel Number 6041015034

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $32,838

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,950

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Zoning: LAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6041015034
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Levels: One
  • Price Per Square Foot: 187.29

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site, Off Street
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level
  • Lot Size Sq Ft: 6269.00

Multi Family

  • Gross Scheduled Income: 50520.00
  • Net Operating Income: 32838.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 17682.00
  • Operating Expense Percent: 35.00
  • Rent Control: Yes
  • Total Actual Rent: 51084.00

Tax Info

  • Tax Census Tract: 2400.10
  • Tax Lot: 55
  • Tax Tract Number: 4664

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2016
Closed on
Nov 15, 2016
Sold by
Ih2 Property Trs 2 Lp
Bought by
Barker Chris and Rinthapol Nida
Seller's Agent
Jessica Nieto
Brooke Realty
Buyer's Agent
Jeremy Howard
EMBARQ
List Price
$495,000
Sold Price
$510,000
Premium/Discount to List
$15,000
3.03%
Current Estimated Value
$923,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$413,748
Avg. Annual Appreciation
7.10%
Original Mortgage
$382,500
Outstanding Balance
$313,582
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$611,277

Purchase Details

Closed on
Jun 9, 2016
Sold by
Ih2 Property West Lp
Bought by
Ih2 Property Trs 2 Lp

Purchase Details

Closed on
Aug 21, 2013
Sold by
Sydney Properties Llc
Bought by
Ih2 Property West Lp

Purchase Details

Closed on
Oct 1, 2010
Sold by
Rodriguez Jaime R
Bought by
Sydney Properties Llc

Purchase Details

Closed on
Oct 24, 2003
Sold by
Rodriguez Jaime
Bought by
Rodriguez Jaime R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,650
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2002
Sold by
Gonzalez Maria Elena and Rodriguez Jaime R
Bought by
Rodriguez Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
7.13%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 17, 1999
Sold by
Association For Family Counseling In Juv
Bought by
Rodriguez Jaime R and Gonzalez Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,903
Interest Rate
6.79%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 4, 1999
Sold by
Hud
Bought by
Association For Family Counseling In Juv and Association For Family Counseling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,903
Interest Rate
6.79%
Mortgage Type
FHA

Purchase Details

Closed on
May 18, 1998
Sold by
Martinez Lopez Manuel Martinez and Martinez Diaz Elizabeth
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Jul 14, 1997
Sold by
Pelayo Leonel
Bought by
Martinez Lopez Manuel Martinez and Martinez Diaz Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,481
Interest Rate
7.61%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 26, 1997
Sold by
Medina Carlos
Bought by
Pelayo Leonel

Purchase Details

Closed on
Jan 6, 1997
Sold by
Glendale Federal Bank Fsb
Bought by
Medina Carlos

Purchase Details

Closed on
Sep 17, 1996
Sold by
Harris Lavarez D and Glendale Federal Bank Fsb
Bought by
Glendale Federal Bank Fsb
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
Barker Chris $510,000 Fidelity National Title Co
Ih2 Property Trs 2 Lp -- None Available
Ih2 Property West Lp $433,500 Fidelity National Title
Sydney Properties Llc $203,000 None Available
Rodriguez Jaime R -- Fidelity National Title
Rodriguez Jaime -- --
Rodriguez Jaime R $165,000 --
Association For Family Counseling In Juv $103,500 Provident Title
Countrywide Home Loans Inc $251,391 Landsafe Title
Hud -- Landsafe Title
Martinez Lopez Manuel Martinez $245,000 Orange Coast Title
Pelayo Leonel -- South Coast Title
Pelayo Leo -- South Coast Title
Medina Carlos $104,000 Benefit Land Title Co
Glendale Federal Bank Fsb $137,563 American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barker Chris $382,500
Previous Owner Sydney Properties Llc $3,588,451
Previous Owner Rodriguez Jaime R $100,000
Previous Owner Rodriguez Jaime R $377,000
Previous Owner Rodriguez Jaime R $186,400
Previous Owner Rodriguez Jaime R $121,650
Previous Owner Rodriguez Jaime R $91,000
Previous Owner Rodriguez Jaime R $163,903
Previous Owner Association For Family Counseling In Juv $80,600
Previous Owner Martinez Lopez Manuel Martinez $235,481
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2016 12/29/16 Sold $510,000 +3.0% $187 / Sq Ft
11/25/2016 11/25/16 Pending -- -- --
11/09/2016 11/09/16 For Sale $495,000 -- $182 / 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 $7,950 $591,893 $243,720 $348,173
2024 $7,950 $580,289 $238,942 $341,347
2023 $7,805 $568,911 $234,257 $334,654
2022 $7,468 $557,757 $229,664 $328,093
2021 $7,366 $546,821 $225,161 $321,660
2019 $7,154 $530,604 $218,484 $312,120
2018 $7,029 $520,200 $214,200 $306,000
2016 $6,083 $448,384 $238,172 $210,212
2015 $5,992 $441,650 $234,595 $207,055
2014 $6,022 $433,000 $230,000 $203,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jessica Nieto

    Brooke Realty

    Section Image
  • Jeremy Howard

    Buyer's Agent in 2016

    Jeremy Howard

    EMBARQ

    (704) 607-8012

    16 Total Sales

    Jeremy Howard
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16740428

California Regional Multiple Listing Service (CRMLS)

APN: 6041-015-034

California Los Angeles County Los Angeles 90003 Broadway-Manchester

213 E 87th Place, Los Angeles, CA

This home is located at 213 E 87th Place, Los Angeles, CA 90003 since 09 November 2016 and is currently estimated at $923,748, approximately $339 per square foot. This property was built in 1927. 213 E 87th Place is a home located in Los Angeles County with nearby schools including South Park Elementary School, Mary McLeod Bethune Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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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