NOT LISTED FOR SALE

215 S Indiana St Los Angeles, CA 90063

Boyle Heights Neighborhood

Estimated Value: $1,079,066

2 Beds
3 Baths
1,350 Sq Ft
$799/Sq Ft Est. Value

Last Sold August 01, 2014

Last sale price $573,000 $424 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $6,360/month

36 Days on Market

Highlights

  • 1-Story Property
  • Felicitas and Gonzalo Mendez High Rated A-
  • 1-minute walk to Indiana

About This Home

As of August 2014

SFR 2-bed/1bath, Beauty salon and THE ORIGINAL SNOW CONE FACTORY. "Location, Location, Location" Indiana metro gold station, Jack in the box, A que Tacos/Leonor, Illusions beauty salon, Tutti Frutti and Music/Art school. Well Established business area with over 5K drivers daily. Owner is retiring after 45 years and selling THE ORIGINAL SNOW CONE FACTORY business and Real Estate included.

Last Agent to Sell the Property

Luis Negrete

AZULADO REALTY License #01182307 Listed on: 06/11/2014

Last Buyer's Agent

Luis Negrete

AZULADO REALTY License #01182307 Listed on: 06/11/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,543

Year Built

  • Built in 1924

Lot Details

  • 4,410 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 1,350 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 2039
  • Assessor Parcel Number 5179014016

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,400
  • Insurance Expense $1,600
  • New Taxes Expense $3,800
  • Gross Income $4,700
  • Net Operating Income $50,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,543

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Inclusions: Real Estate (3-buildings) house, beauty shop, snow cone factorry equipment, formula and clientele.
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 5179014016
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Price Per Square Foot: 424.44

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4410.00
  • Lot Size Acres: 0.1010

Multi Family

  • Electric Expense: 5400.00
  • Gross Income: 4700.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 4410.0000 Square Feet
  • Net Operating Income: 50900.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 1109.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 3800.00
  • Tax Lot: 16
  • Tax Tract Number: 2039
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2014
Closed on
Jul 21, 2014
Sold by
Duran Victor M and Duran Stella M
Bought by
Correa Maria E
Seller's Agent
Luis Negrete
AZULADO REALTY
Buyer's Agent
Luis Negrete
AZULADO REALTY
List Price
$900,000
Sold Price
$573,000
Premium/Discount to List
-$327,000
-36.33%
Current Estimated Value
$1,079,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$506,066
Avg. Annual Appreciation
5.79%
Original Mortgage
$513,000
Outstanding Balance
$390,313
Interest Rate
4.13%
Mortgage Type
Seller Take Back
Estimated Equity
$688,753

Purchase Details

Closed on
Jan 18, 2007
Sold by
Duran Victor M and Duran Stella M
Bought by
Duran Victor M and Duran Stella M
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
Correa Maria E $573,000 Wfg Title Company
Duran Victor M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Correa Maria E $513,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2014 08/01/14 Sold $573,000 -36.3% $424 / Sq Ft
07/17/2014 07/17/14 Pending -- -- --
06/11/2014 06/11/14 For Sale $900,000 -- $667 / 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 $8,543 $688,648 $508,377 $180,271
2024 $8,543 $675,146 $498,409 $176,737
2023 $8,376 $661,909 $488,637 $173,272
2022 $7,983 $648,931 $479,056 $169,875
2021 $7,880 $636,208 $469,663 $166,545
2019 $7,642 $617,340 $455,734 $161,606
2018 $7,558 $605,237 $446,799 $158,438
2016 $7,222 $581,737 $429,450 $152,287
2015 $7,117 $573,000 $423,000 $150,000
2014 $3,707 $280,283 $70,062 $210,221
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Luis Negrete

    AZULADO REALTY

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB14124301

California Regional Multiple Listing Service (CRMLS)

APN: 5179-014-016

California Los Angeles County Los Angeles 90063 Boyle Heights

215 S Indiana St, Los Angeles, CA

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