NOT LISTED FOR SALE

Estimated Value: $613,090 - $919,000

4 Beds
3 Baths
1,375 Sq Ft
$560/Sq Ft Est. Value

Last Sold February 25, 2014

Last sale price $308,000 $224 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $4,585/month

160 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Heat Pump System
  • Abraham Lincoln High School Rated A
  • Ceiling Fan

About This Home

As of February 2014

3 Unit, 2 Bedroom 1Batth and 2 x 1Bedroom 1Bath each, Great income property, all tenant occupied, Located in Los Angeles Lincoln Park Area & is close to bus lines and shopping. Near county USC medical center, This is just minutes away from downtown. Subject to Interior Inspection.

Last Agent to Sell the Property

Charlie Chen

KO TAI REALTY License #01835889 Listed on: 08/08/2013

KO TAI REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,698

Year Built

  • Built in 1915

Lot Details

  • 2,250 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 1,375 Sq Ft Home
  • Ceiling Fan

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heat Pump System

Listing and Financial Details

  • Legal Lot and Block 1 / E
  • Tax Tract Number 1991
  • Assessor Parcel Number 5211011006

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Maintenance Expense $600
  • Trash Expense $1,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $3,720
  • Gross Income $2,600
  • Net Operating Income $22,230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,698

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5211011006
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 224.00

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Heat Pump
  • Trash Expense: 1800.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2250.00
  • Lot Size Acres: 0.0520

Multi Family

  • Gross Income: 2600.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 800.00
  • Lot Size Area: 2250.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 22230.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 8970.00
  • Rent Control: Yes
  • Total Actual Rent: 2600.00

Tax Info

  • New Taxes Expense: 3720.00
  • Tax Block: E
  • Tax Lot: 1
  • Tax Tract Number: 1991
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2013
Closed on
Feb 10, 2014
Sold by
Kiang Larry
Bought by
Marzouk Michael and Savage Kristen
Seller's Agent
Charlie Chen
KO TAI REALTY
List Price
$310,000
Sold Price
$308,000
Premium/Discount to List
-$2,000
-0.65%
Current Estimated Value
$769,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$461,523
Avg. Annual Appreciation
7.97%
Original Mortgage
$231,000
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2011
Sold by
Kiang Rebecca
Bought by
Kiang Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,625
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2011
Sold by
Mirys Michael and Mirys Casey
Bought by
Kiang Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,625
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2010
Sold by
Mirys Michael
Bought by
Mirys Michael and Mirys Casey

Purchase Details

Closed on
Jul 10, 2009
Sold by
Anchor Fund Llc
Bought by
Mirys Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2008
Sold by
Rios Cesar
Bought by
Anchor Fund Llc

Purchase Details

Closed on
Nov 21, 2006
Sold by
Deutsche Bank National Trust Co
Bought by
Rios Cesar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,750
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 2006
Sold by
Pena Baltazar
Bought by
Deutsche Bank National Trust Co and Gsamp Trust

Purchase Details

Closed on
May 9, 2005
Sold by
Eastwood Fallbrook Investments Inc
Bought by
Pena Baltazar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
7.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 31, 2005
Sold by
Pena Andrew
Bought by
Eastwood Fallbrook Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
7.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 18, 2003
Sold by
Peninsula Investments Inc
Bought by
Pena Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
5.54%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 14, 2003
Sold by
Lisundra Bert and Peninsula Investments Inc
Bought by
Pena Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
5.54%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 22, 2000
Sold by
Development Secretary Of Housing And Urban
Bought by
Bert Lisundra/Peninsula Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7.88%

Purchase Details

Closed on
Feb 20, 1996
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Feb 7, 1996
Sold by
Morfin Gilberto and Avila Luz
Bought by
Norwest Mtg Inc
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
Marzouk Michael $308,000 Lawyers Title
Kiang Larry -- Itc
Kiang Larry $239,500 Itc
Mirys Michael -- None Available
Mirys Michael $190,000 Provident Title Company
Anchor Fund Llc $159,000 Lsi Title Company Ca
Rios Cesar $310,000 Lawyers Title
Deutsche Bank National Trust Co $360,749 None Available
Pena Baltazar $415,000 Fatcola
Eastwood Fallbrook Investments Inc -- --
Pena Andrew -- American Title
Pena Andrew -- --
Bert Lisundra/Peninsula Investments Inc $75,000 United Title Company
Hud -- First Southwestern Title Co
Norwest Mtg Inc $165,668 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marzouk Michael $402,500
Closed Marzouk Michael $231,000
Previous Owner Kiang Larry $179,625
Previous Owner Mirys Michael $133,000
Previous Owner Rios Cesar $496,880
Previous Owner Rios Cesar $223,750
Previous Owner Pena Baltazar $332,000
Previous Owner Pena Andrew $145,000
Previous Owner Pena Andrew $120,562
Previous Owner Bert Lisundra/Peninsula Investments Inc $88,000
Closed Pena Baltazar $62,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2014 02/25/14 Sold $308,000 -0.6% $224 / Sq Ft
01/15/2014 01/15/14 Pending -- -- --
08/08/2013 08/08/13 For Sale $310,000 -- $225 / 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 $4,698 $377,553 $226,532 $151,021
2024 $4,698 $370,151 $222,091 $148,060
2023 $4,609 $362,894 $217,737 $145,157
2022 $4,398 $355,779 $213,468 $142,311
2021 $4,351 $348,804 $209,283 $139,521
2019 $4,212 $338,461 $203,077 $135,384
2018 $4,171 $331,826 $199,096 $132,730
2016 $3,980 $318,943 $191,366 $127,577
2015 $3,923 $314,153 $188,492 $125,661
2014 $3,250 $250,305 $166,696 $83,609
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS13158380

California Regional Multiple Listing Service (CRMLS)

APN: 5211-011-006