NOT LISTED FOR SALE

Estimated Value: $639,000 - $703,000

2 Beds
1 Bath
1,082 Sq Ft
$618/Sq Ft Est. Value

Last Sold April 15, 2019

Last sale price $460,000 $425 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,701/month

47 Days on Market

Highlights

  • Property is near a park
  • 4-minute walk to Soto
  • Quartz Countertops
  • Main Floor Bedroom
  • Corner Lot
  • No HOA

About This Home

As of April 2019

Great opportunity to own a turnkey 2-unit investment property in a prime location in up-and-coming Highland Park. Please visit the LA metro website to learn more about the upcoming “Los Angeles River Path” project. There is tremendous potential & upside with this property, conveniently located close to Downtown LA, China Town, The Arts district, USC Medical Center, Dodger Stadium. Walking distance to public library, dining, transportation, parks and schools. This turnkey property boasts a front unit with 1-bed, 1-bath, a playroom that can be used as a second bedroom, a new kitchen with sleek quartz counter tops and plenty cabinet space. The rear unit offer 1-bed, 1-bath, plus a room that can be used as a second bedroom. Perfect for extended family or rental income. There is parking in the back of the property, which is a huge bonus in this area. Numerous upgrades at the home include copper plumbing, three year old roof, kitchen, and much more. With significant development in the area, the Boyle Heights market is red hot and this property provides endless future potential!

Last Agent to Sell the Property

Tony Diaz

Smart Equity Realty Inc License #01742080 Listed on: 01/29/2019

Last Buyer's Agent

Ruben Leon

Flex Investments License #01805500

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1902

Lot Details

  • 3,025 Sq Ft Lot
  • Split Rail Fence
  • Corner Lot
  • Property is zoned LARD2

Home Design

  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Shingle Siding
  • Stucco

Interior Spaces

  • 1,082 Sq Ft Home
  • 1-Story Property
  • Family Room Off Kitchen
  • Neighborhood Views
  • Quartz Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Low Flow Toliet

Parking

  • Parking Available
  • Tandem Uncovered Parking

Outdoor Features

  • Exterior Lighting
  • Shed

Location

  • Property is near a park

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 1333
  • Assessor Parcel Number 5183010035

Home Details

Home Type

Single Family

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Zoning: LARD2
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5183010035
  • Year Built: 1902
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1082.00 Square Feet
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Family Kitchen
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 425.14
  • Room Type: Main Floor Bedroom
  • Bathroom Features: Low Flow Toilet(s)
  • Room Kitchen Features: Quartz Counters

Exterior Features

  • Foundation: Raised
  • Other Structures: Shed(s), Storage
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Split Rail
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Shingle Siding, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Tandem Uncovered

Utilities

  • Utilities: Natural Gas Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Park Nearby, Walkstreet
  • Lot Size Sq Ft: 3025.00
  • Lot Size Acres: 0.0694

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3025.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2044.20
  • Tax Lot: 3
  • Tax Tract Number: 1333

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2019
Closed on
Mar 29, 2019
Sold by
Iniguez Serafin
Bought by
Zavala Jesus
Seller's Agent
Tony Diaz
Smart Equity Realty Inc
Buyer's Agent
Ruben Leon
Flex Investments
List Price
$440,000
Sold Price
$460,000
Premium/Discount to List
$20,000
4.55%
Current Estimated Value
$668,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,510
Avg. Annual Appreciation
5.73%
Original Mortgage
$391,000
Outstanding Balance
$343,759
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$324,752

Purchase Details

Closed on
Dec 19, 2016
Sold by
Iniguez Hugo
Bought by
Iniguez Hugo and Iniguez Serafin

Purchase Details

Closed on
Aug 28, 2001
Sold by
Iniguez Serafin
Bought by
Iniguez Hugo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.91%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Zavala Jesus $460,000 First Amer Ttl Co Los Angele
Iniguez Serafin -- First Amer Ttl Co Of Los Ang
Iniguez Hugo -- None Available
Iniguez Hugo -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zavala Jesus $391,000
Previous Owner Iniguez Hugo $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2019 04/15/19 Sold $460,000 +4.5% $425 / Sq Ft
03/17/2019 03/17/19 Pending -- -- --
01/29/2019 01/29/19 For Sale $440,000 -- $407 / 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 $2,375 $183,683 $141,121 $42,562
2024 $2,375 $180,082 $138,354 $41,728
2023 $2,332 $176,552 $135,642 $40,910
2022 $2,226 $173,091 $132,983 $40,108
2021 $2,195 $169,698 $130,376 $39,322
2020 $2,214 $167,959 $129,040 $38,919
2019 $2,132 $164,666 $126,510 $38,156
2018 $2,096 $161,438 $124,030 $37,408
2016 $1,995 $155,171 $119,215 $35,956
2015 $1,968 $152,841 $117,425 $35,416
2014 $1,982 $149,848 $115,125 $34,723
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19021877

California Regional Multiple Listing Service (CRMLS)

APN: 5183-010-035