NOT LISTED FOR SALE

Estimated Value: $1,106,000 - $1,477,000

3 Beds
3 Baths
2,116 Sq Ft
$647/Sq Ft Est. Value

Last Sold October 04, 2013

Last sale price $715,000 $338 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $8,286/month

21 Days on Market

Highlights

  • Air Conditioning
  • 1-Story Property
  • Gated Home
  • Bungalow

About This Home

As of October 2013

Solid investment property, Own 3 cottage homes on a lot with parking, east of Hancock Park, near Silver lake/Echo Park. One, 2bed-1bath and two 1+1 units. 2 car garage and additional off street parking for a total of 4. Fully occupied. WD in two units, appliances property of Seller. Gated, hardwood, controlled access. Great for owner user or investment. Buyer 3 homes at once! No sign on property, do not disturb tenants. Just south of echo park/silver lake between Beverly and 3rd

Last Agent to Sell the Property

Wesley Earley

Equity Union License #01412888 Listed on: 07/08/2013

Equity Union

Last Buyer's Agent

Valerie Sacks

Valerie Sacks License #01709415

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,349

Year Built

  • Built in 1922

Lot Details

  • 5,408 Sq Ft Lot
  • Gated Home

Parking

  • 2 Car Garage

Home Design

  • Bungalow

Interior Spaces

  • 2,116 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Air Conditioning
  • Cooling System Mounted In Outer Wall Opening
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • 3 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5155-006-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,349

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 2116
  • Year Built: 1922
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Number Range: 3
  • Number Refrigerator: 3
  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 330.34

Exterior Features

  • Tennis Court Y/N: No
  • Paved: No
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Garage Structures: 1
  • Parking Garage: Garage - 2 Car
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Cooling: Air Conditioning, Wall Unit(s), Wall/Window
  • Electric Expense: 115.00
  • Heating: Wall Gas
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Security: Gated
  • Water: In Street
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 200000
  • Assessed Land Value: 300000
  • Assessor Parcel Number: 5155-006-020
  • Geocode Override: No
  • Lot Size Area: 5408

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.00
  • Number Of Units: 3
  • Number Wall A C: 2
  • Total Annual Expense: 1200
  • Type Of Units: Cottage
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 6613.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2013
Sold by
Reed Gail Lebaron and Gail Lebaron Reed Separate Pro
Bought by
Sacks Norma
Current Estimated Value
$1,368,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,250
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2005
Sold by
Lebaron Gail
Bought by
Reed Gail Lebaron and The Gail Lebaron Reed Separate

Purchase Details

Closed on
Aug 12, 2004
Sold by
Reed Leonard
Bought by
Lebaron Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 2004
Sold by
Schwartz Martin
Bought by
Lebaron Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 2003
Sold by
Elizaga Habig Editha T and Elizaga Samoza Ruth
Bought by
Schwartz Martin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2003
Sold by
Schwartz Corinne Larue
Bought by
Schwartz Martin

Purchase Details

Closed on
Jan 17, 2003
Sold by
Habig Editha T
Bought by
Elizaga Habig Editha T and Elizaga Samoza Ruth

Purchase Details

Closed on
Dec 15, 2000
Sold by
Mutlow John V
Bought by
Habig Editha T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,400
Interest Rate
7.71%
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
Sacks Norma $715,000 None Available
Reed Gail Lebaron -- --
Lebaron Gail -- Equity Title
Lebaron Gail $679,000 Equity Title
Schwartz Martin A $405,000 Commerce Title
Schwartz Martin -- Commerce Title
Elizaga Habig Editha T -- --
Habig Editha T $198,000 Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sacks Norma $536,250
Previous Owner Lebaron Gail $475,000
Previous Owner Schwartz Martin A $322,700
Previous Owner Habig Editha T $158,400
Closed Habig Editha T $19,800
Closed Schwartz Martin A $41,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2013 10/04/13 Sold $715,000 +2.3% $338 / Sq Ft
07/29/2013 07/29/13 Pending -- -- --
07/08/2013 07/08/13 For Sale $699,000 -- $330 / Sq Ft
Source: The MLS

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 $12,349 $1,018,759 $711,009 $307,750
2024 $12,349 $998,784 $697,068 $301,716
2023 $10,474 $842,449 $589,128 $253,321
2022 $9,995 $825,931 $577,577 $248,354
2021 $9,866 $809,737 $566,252 $243,485
2020 $9,965 $801,435 $560,446 $240,989
2019 $9,574 $785,721 $549,457 $236,264
2018 $9,509 $770,316 $538,684 $231,632
2016 $9,088 $740,406 $517,767 $222,639
2015 $8,957 $729,285 $509,990 $219,295
2014 $9,002 $715,000 $500,000 $215,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-686235

The MLS

APN: 5155-006-020