NOT LISTED FOR SALE

Estimated Value: $891,000 - $1,133,000

3 Beds
3 Baths
2,348 Sq Ft
$438/Sq Ft Est. Value

Last Sold August 01, 2013

Last sale price $423,000 $180 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $6,164/month

8 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Wood Burning Fireplace
  • Wood Flooring
  • Wrought Iron Fence
  • Wall Furnace

About This Home

As of August 2013

Charming newly remodeled LA duplex home ready for move-in today! Whether you are simply an investor or a homeowner looking to lease out the second unit, this property is the perfect opportunity! Located on a spacious corner lot, each unit boasts gorgeous newly refinished hardwood flooring throughout the living areas! Each unit also features its own chef’s kitchen with beautifully refinished cabinets! And the bathrooms in each unit feature elegant new vanities! Detached two car garage with two extra parking spaces in backyard; laundry hook-ups inside; located within minutes of schools, parks, the 110 freeway, USC, and Downtown. And the main unit has its very own fireplace to cozy up next to in the living room! This property is a fantastic owner/investor opportunity that will not be available for long so come stop by today and see for yourself!!*

*Unit 2201 (west-facing unit) has been converted into a 2-2; buyer to verify permits.

Last Agent to Sell the Property

Polly Watts

Shelter Club Realty, Inc. License #00895696 Listed on: 06/13/2013

Last Buyer's Agent

Adam Janeiro

City Living Realty License #01429011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,241

Year Built

  • Built in 1909

Lot Details

  • 6,490 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Front and Back Yard Sprinklers

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,348 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, taxes, water
  • Tax Lot 53
  • Assessor Parcel Number 5052022001

Community Details

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2,800
  • Net Operating Income $33,600

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,241

Year Built

Built in 1909

Lot Details

0

Parking

2

Listing Details

  • Other Phone Number: 866-640-3040
  • Property Attached: No
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 5052022001
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Fireplace Features: Living Room, Wood Burning
  • Price Per Square Foot: 180.15
  • Room Type: Living Room

Exterior Features

  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Inside
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 6490.00
  • Lot Size Acres: 0.1490

Rental Info

  • Tenant Pays: Electricity, Gas, Taxes, Water

Multi Family

  • Gross Income: 2800.00
  • Gross Scheduled Income: 33600.00
  • Lot Size Area: 6490.0000 Square Feet
  • Net Operating Income: 33600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Lot: 53
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2013
Closed on
Jul 29, 2013
Sold by
Martingale Investments Llc
Bought by
Rossell Matthew and Hemstreet Leslie
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Adam Janeiro
City Living Realty
List Price
$389,900
Sold Price
$423,000
Premium/Discount to List
$33,100
8.49%
Current Estimated Value
$1,030,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$607,858
Avg. Annual Appreciation
7.65%
Original Mortgage
$359,550
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2012
Sold by
Nationstar Mortgage Llc
Bought by
Martingale Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.32%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 10, 2012
Sold by
Aurora Loan Services Llc
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
May 6, 2011
Sold by
Navarrete Pedro Barrientos
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Mar 23, 2007
Sold by
Martinez Melissa Magnolia
Bought by
Navarrete Pedro Barrientos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2007
Sold by
Garcia Juan Carlos
Bought by
Navarrete Pedro Barrientos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2006
Sold by
Degarcia Maria De Castellanos
Bought by
Garcia Juan Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2006
Sold by
Hernandez Arturo and Hernandez George
Bought by
Garcia Juan Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2003
Sold by
Hernandez Arturo
Bought by
Hernandez Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rossell Matthew $423,000 Title 365
Martingale Investments Llc $220,500 None Available
Nationstar Mortgage Llc -- None Available
Aurora Loan Services Llc $662,380 None Available
Navarrete Pedro Barrientos -- Investors Title Company
Navarrete Pedro Barrientos -- Investors Title Company
Garcia Juan Carlos -- Fidelity National Title Co I
Garcia Juan Carlos -- Fidelity National Title Co I
Hernandez Arturo -- Commonwealth
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rossell Matthew $347,000
Closed Rossell Matthew $359,550
Previous Owner Martingale Investments Llc $0
Previous Owner Navarrete Pedro Barrientos $560,000
Previous Owner Navarrete Pedro Barrientos $105,000
Previous Owner Garcia Juan Carlos $328,000
Previous Owner Garcia Juan Carlos $328,000
Previous Owner Hernandez Arturo $86,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2013 08/01/13 Sold $423,000 +8.5% $180 / Sq Ft
06/21/2013 06/21/13 Pending -- -- --
06/13/2013 06/13/13 For Sale $389,900 -- $166 / 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 $6,241 $493,288 $350,000 $143,288
2024 $6,241 $493,288 $350,000 $143,288
2023 $6,243 $493,288 $350,000 $143,288
2022 $5,223 $420,000 $298,000 $122,000
2021 $5,242 $420,000 $298,000 $122,000
2019 $4,777 $160,000 $64,000 $96,000
2018 $2,127 $160,000 $64,000 $96,000
2016 $2,086 $160,000 $64,000 $96,000
2015 $2,086 $431,451 $305,994 $125,457
2014 $5,350 $423,000 $300,000 $123,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13113101

California Regional Multiple Listing Service (CRMLS)

APN: 5052-022-001