NOT LISTED FOR SALE

Estimated Value: $1,285,000 - $1,583,993

10 Beds
6 Baths
3,640 Sq Ft
$385/Sq Ft Est. Value

Last Sold May 05, 2022

Last sale price $1,275,000 $350 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $8,813/month

Highlights

  • New Construction
  • No HOA
  • Forced Air Heating System
  • No Units Above
  • Laundry Room
  • 3 Car Garage

About This Home

As of May 2022

This very desirable new construction income producing duplex is non-rent controlled. This contemporary duplex consists of 2 5-bedroom 3- bathroom units with one single car garage in the front unit and 2-car garage in the back unit. Each unit has an open floor plan with a large living area that includes granite countertops, dual pane vinyl windows, tile flooring, carpet, solid wood cabinets, solar and forced air heating. The property includes an artificial lawn for low-cost landscaping maintenance. Conveniently located to access the newly renovated Downtown Los Angeles area.

Last Agent to Sell the Property

Kevin Via

Compass License #02042474 Listed on: 04/26/2022

Compass

Co-Listed By

Roz Essner

Compass License #01377118

Last Buyer's Agent

Kevin Via

Compass License #02042474 Listed on: 04/26/2022

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,573

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 5,376 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Duplex

Interior Spaces

  • 3,640 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Additional Features

  • Exterior Lighting
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 46
  • Tax Tract Number 5294
  • Assessor Parcel Number 6063010023
  • $413 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $1,500
  • New Taxes Expense $14,575
  • Operating Expense $16,645
  • Gross Income $88,800
  • Net Operating Income $70,349

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,573

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Price Per Unit: 637500
  • Property Attached: Yes
  • Zoning: LAR2
  • New Construction: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6063010023
  • Year Built: 2022
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: Two
  • Price Per Square Foot: 350.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Upper Level
  • 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
  • Lot Size Sq Ft: 5376.00
  • Lot Size Acres: 0.1234
  • Latitude Manual: 33.94300800

Multi Family

  • Gross Income: 88800.00
  • Gross Operating Income: 87024.00
  • Gross Scheduled Income: 88800.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5376.0000 Square Feet
  • Net Operating Income: 70349.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 16645.00
  • Rent Control: No
  • Total Expenses: 16645.00
  • Vacancy Allowance: 1776
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 14575.00
  • Tax Census Tract: 2406.00
  • Tax Lot: 46
  • Tax Tract Number: 5294
  • TaxOtherAnnualAssessmentAmount: 413.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
May 18, 2021
Sold by
Jonson Ettie Mae and The Floyd Curry Revocable Livi
Bought by
Ocean Development Inc
Seller's Agent
Melissa Coles
Re/Max Partners
Buyer's Agent
Melissa Coles
Re/Max Partners
List Price
$475,000
Sold Price
$480,000
Premium/Discount to List
$5,000
1.05%
Current Estimated Value
$1,400,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$920,498
Avg. Annual Appreciation
29.65%
Original Mortgage
$184,000
Outstanding Balance
$168,392
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$1,180,863

Purchase Details

Closed on
May 5, 2020
Sold by
Green Darlene and The Floyd Curry Trust
Bought by
Johnson Effie Mae and The Floyd Curry Trust

Purchase Details

Closed on
Sep 21, 2019
Sold by
Johnson Effie Mae and Floyd Curry Trust
Bought by
Green Darlene and The Floyd Curry Trust

Purchase Details

Closed on
Apr 24, 2019
Sold by
Floyd Curry Trust
Bought by
Floyd Curry Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2017
Sold by
Curry Floyd
Bought by
Curry Floyd and Floyd Curry Trust
Source: Public Records

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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
Ocean Development Inc $480,000 Lawyers Title Company
Johnson Effie Mae -- Old Republic Title Company
Green Darlene -- None Available
Floyd Curry Trust -- Stewart Title Company
Curry Floyd -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ocean Development Inc $184,000
Open Ocean Development Inc $670,000
Previous Owner Floyd Curry Trust $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2022 05/05/22 Sold $1,275,000 0.0% $350 / Sq Ft
04/26/2022 04/26/22 For Sale $1,275,000 +165.6% $350 / Sq Ft
04/19/2022 04/19/22 Pending -- -- --
06/10/2021 06/10/21 Sold $480,000 +1.1% $455 / Sq Ft
05/27/2021 05/27/21 For Sale $475,000 -1.0% $450 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
05/07/2021 05/07/21 Off Market $480,000 -- --
04/30/2021 04/30/21 For Sale $475,000 -- $450 / 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
2024 $16,573 $1,326,510 $769,896 $556,614
2023 $16,254 $1,300,500 $754,800 $545,700
2022 $6,170 $489,600 $388,212 $101,388
2021 $573 $20,545 $14,010 $6,535
2020 $5,176 $20,335 $13,867 $6,468
2019 $5,163 $19,938 $13,596 $6,342
2018 $517 $19,548 $13,330 $6,218
2016 $478 $18,791 $12,813 $5,978
2015 $469 $18,510 $12,621 $5,889
2014 $474 $18,148 $12,374 $5,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22085364

California Regional Multiple Listing Service (CRMLS)

APN: 6063-010-023