$845,000
SOLD OCT 12, 2022
4 Beds
2 Baths
1,740 Sq Ft
7,000 Sq Ft Lot

Recently Sold

$486 Per Sq Ft

6% Below List Price

76 Days on Market

Highlights

  • View of Hills
  • No HOA
  • Laundry Room
  • Abraham Lincoln High School Rated A
  • Cooling System Mounted To A Wall/Window
  • Foothills

About This Home

As of October 2022

Huge price reduction on this terrific hard to find opportunity in any market. Duplex Duplex Duplex with potential to expand! Strategically established in thriving and well maintained community only minutes from Cal State LA, and short drive to Old Town Pas and Downtown LA. Property has spacious lot with tons of room for growth. California’s statewide expanded housing law legalizes garage conversions into dwelling units. Garage contains small un-permitted studio already needing TLC which can easily serve as the 3rd unit and can make a great supplement for handy buyer or investor. Numerous possibilities for additions, expansion or ADU alternatives. Please check with the city for any potential uses. students are walking distance to Cal-State LA. USC Medicine, LA County Hospital, freeway access, shopping, schools and transportation.

Last Agent to Sell the Property

Gabe Martinez

ADVENT CAPITAL REALTY License #01501814 Listed on: 04/28/2022

Last Buyer's Agent

Gabe Martinez

ADVENT CAPITAL REALTY License #01501814 Listed on: 04/28/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,793

Year Built

  • Built in 1940

Lot Details

  • 7,000 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage

Property Views

  • Hills
  • Neighborhood

Home Design

  • 1,740 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Laundry Room
  • Cooling System Mounted To A Wall/Window

Community Details

  • No Home Owners Association
  • 2 Units
  • Foothills

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 11917
  • Assessor Parcel Number 5215034005
  • $433 per year additional tax assessments

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,793

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: LAR1
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 5215034005
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1740.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 485.63

Exterior Features

  • View: Hills, Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Foothills, Gutters, Sidewalks, Street Lights

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1607
  • Latitude Manual: 34.06918100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7000.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 2014.02
  • Tax Lot: 21
  • Tax Tract Number: 11917
  • TaxOtherAnnualAssessmentAmount: 433.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2022
Closed on
Sep 14, 2022
Sold by
Estrada Rebecca M V
Bought by
Eastern 1 Llc
Seller's Agent
Gabe Martinez
ADVENT CAPITAL REALTY
Buyer's Agent
Gabe Martinez
ADVENT CAPITAL REALTY
List Price
$899,999
Sold Price
$845,000
Premium/Discount to List
-$54,999
-6.11%
Views
5
Current Estimated Value
$919,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,082
Avg. Annual Appreciation
3.94%
Original Mortgage
$1,361,400
Outstanding Balance
$1,308,216
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
-$366,692

Purchase Details

Closed on
Dec 22, 2021
Sold by
Estrada Rebecca Maria V and Helen Trevino Trust
Bought by
Estrada Rebecca M V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 2011
Sold by
Estrada Rebecca Maria V
Bought by
Estrada Rebecca Maria and The Rebecca M Estrada Trust

Purchase Details

Closed on
Jun 25, 1996
Sold by
Meli Angelina
Bought by
Estrada Rebecca M and Trevino Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,550
Interest Rate
8.32%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $845,000 Fidelity National Title
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $183,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,361,400 New Conventional
Previous Owner $210,000 New Conventional
Previous Owner $75,000 Commercial
Previous Owner $152,000 Unknown
Previous Owner $155,550 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2022 10/12/22 Sold $845,000 +8.3% $486 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
07/11/2022 07/11/22 Price Changed $779,900 -13.3% $448 / Sq Ft
04/28/2022 04/28/22 For Sale $899,999 -- $517 / 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 $10,793 $879,137 $658,573 $220,564
2024 $10,793 $861,900 $645,660 $216,240
2023 $10,587 $845,000 $633,000 $212,000
2022 $6,179 $491,826 $327,843 $163,983
2021 $3,669 $275,330 $137,665 $137,665
2019 $3,567 $267,166 $133,583 $133,583
2018 $3,457 $261,928 $130,964 $130,964
2016 $3,295 $251,760 $125,880 $125,880
2015 $3,251 $247,980 $123,990 $123,990
2014 $3,274 $243,124 $121,562 $121,562
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22087434

California Regional Multiple Listing Service (CRMLS)

APN: 5215-034-005