NOT LISTED FOR SALE

215 1/2 S Townsend Ave Los Angeles, CA 90063

Estimated Value: $700,000 - $853,000

3 Beds
3 Baths
1,840 Sq Ft
$424/Sq Ft Est. Value

Last Sold December 02, 2022

Last sale price $602,000 $327 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,056/month

5 Days on Market

Highlights

  • No HOA
  • Den
  • Home Security System
  • James A. Garfield Senior High School Rated A
  • Two cooling system units
  • Laundry Room

About This Home

As of December 2022

Investors, and or those looking to own a Multi Family property located in Los Angeles area!! The Gold Line Metro Line/Rail is in very close proximity, this property offers the following: Front house is a 2-bedroom 1 bath home, the Middle unit (stand-alone) is a 1 bedroom and 1 bath home, and a possible 3rd unit (Studio above the 2-car garage in the back of the property) ** see remarks. There are some Guayaba and Orange trees in the back yard, this property is in need of some TLC, and possibly rehab to achieve maximum income, however, presents a great opportunity.

Last Agent to Sell the Property

Laurie Herrera Ochoa

Excellence RE Real Estate, Inc. License #01482719 Listed on: 11/01/2022

Excellence RE Real Estate, Inc.

Last Buyer's Agent

Dietrich McWhorter-Riley

Sotheby's International Realty License #02126789

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,223

Year Built

  • Built in 1925

Lot Details

  • 6,501 Sq Ft Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in fair condition
  • Front Yard Sprinklers

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Triplex

Interior Spaces

  • 1,840 Sq Ft Home
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace
  • Den
  • Basement
  • Sump Pump
  • Home Security System
  • Electric Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Two cooling system units
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Natural Gas Connected
  • TV Antenna

Listing and Financial Details

  • Legal Lot and Block 16 / 29
  • Assessor Parcel Number 5232017016
  • $1,512 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $576
  • Water Sewer Expense $851
  • Operating Expense $1,427

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,223

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Cameras and Alarm System, Washer and Dryer
  • Price Per Unit: 211666
  • Property Attached: Yes
  • Security: Security System
  • Water Sewer Expenses: 850.73
  • Zoning: LCR2*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5232017016
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room, Gas
  • Price Per Square Foot: 327.17
  • Room Type: Basement, Den, Living Room

Exterior Features

  • Exterior Features: Sump Pump, TV Antenna
  • Fence: Yes
  • Fencing: Fair Condition
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 576.00
  • Water Source: Public
  • Cooling: Central Air, Dual, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Sprinkler System, Sprinklers In Front
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Multi Family

  • Lot Size Area: 6501.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number Wall A C: 2
  • Number With Patio: 1
  • Rent Control: No
  • Total Expenses: 1426.73

Tax Info

  • Tax Block: 29
  • Tax Census Tract: 5311.01
  • Tax Lot: 16
  • TaxOtherAnnualAssessmentAmount: 1512.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2022
Closed on
Nov 22, 2022
Sold by
M Magdalena Moreno Trust
Bought by
Aimm Holdings Llc
Seller's Agent
Laurie Herrera Ochoa
Excellence RE Real Estate, Inc.
Buyer's Agent
Dietrich McWhorter-Riley
Sotheby's International Realty
List Price
$634,999
Sold Price
$602,000
Premium/Discount to List
-$32,999
-5.2%
Views
7
Current Estimated Value
$783,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,000
Avg. Annual Appreciation
10.16%
Original Mortgage
$700,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2003
Sold by
Moreno M Magdalena
Bought by
Moreno M Magdalena and The M Magdalena Moreno Trust
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
Aimm Holdings Llc $602,000 Lawyers Title
Moreno M Magdalena -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aimm Holdings Llc $863,000
Closed Aimm Holdings Llc $125,000
Closed Aimm Holdings Llc $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2022 12/02/22 Sold $602,000 -5.2% $327 / Sq Ft
11/07/2022 11/07/22 Pending -- -- --
11/01/2022 11/01/22 For Sale $634,999 -- $345 / 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 $9,223 $626,320 $416,160 $210,160
2024 $9,223 $614,040 $408,000 $206,040
2023 $8,820 $602,000 $400,000 $202,000
2022 $3,399 $168,834 $88,810 $80,024
2021 $3,355 $165,524 $87,069 $78,455
2020 $3,366 $164,068 $86,177 $77,891
2019 $3,277 $160,857 $84,488 $76,369
2018 $3,150 $157,709 $82,832 $74,877
2016 $3,023 $151,356 $79,616 $71,740
2015 $2,984 $149,084 $78,421 $70,663
2014 $2,994 $146,164 $76,885 $69,279
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22232332

California Regional Multiple Listing Service (CRMLS)

APN: 5232-017-016