NOT LISTED FOR SALE

2221 S Budlong Ave Los Angeles, CA 90007

Adams-Normandie Neighborhood

Estimated Value: $1,238,000 - $1,724,000

8 Beds
4 Baths
4,032 Sq Ft
$357/Sq Ft Est. Value

Last Sold December 06, 2019

Last sale price $1,040,000 $258 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $8,705/month

59 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Dual Staircase
  • Wood Flooring
  • City Lights View
  • Craftsman Architecture
  • No HOA

About This Home

As of December 2019

Great Investment in the heart of LA near USC Campus. This is a 4 large Units Beautiful Craftsman Style Apt. Building, Each has 1000 SQ feet. it been in the family for over 25 years ,Seller is Ready to Sell ! Bonus Room /Bedroom, IDEAL FOR STUDENT HOUSING . Shopping Center, Transportation, Schools 10 FWYS, GOOD SIZE PARKING LOT WITH GARAGE.. It has been well maintains and kept up & with lot of wood work inside.
IT A MUST SEE. ...

Last Agent to Sell the Property

Rosa Rodriguez

RE Source License #01925964 Listed on: 07/02/2019

RE Source

Last Buyer's Agent

Anthony Pinkett

Victory Realty Group License #01977592

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,052

Year Built

  • Built in 1922

Lot Details

  • 6,754 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Back and Front Yard

Parking

  • 4 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Craftsman Architecture
  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 4,032 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Double Pane Windows
  • Living Room
  • Wood Flooring
  • City Lights Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating
  • Standard Electricity
  • Water Not Available
  • Sewer Not Available

Listing and Financial Details

  • Legal Lot and Block 5 / A
  • Tax Tract Number 5
  • Assessor Parcel Number 5054018005

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,052

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Adams District
  • View: Yes
  • Zoning: LAR2
  • Architectural Style: Craftsman
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5054018005
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Interior Amenities: 2 Staircases
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Levels: Two
  • Price Per Square Foot: 257.94
  • Room Type: All Bedrooms Down, All Bedrooms Up, Laundry, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • View: City Lights
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: None
  • Water Source: None

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6754.00
  • Lot Size Acres: 0.1551

Multi Family

  • Lot Size Area: 6754.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Block: A
  • Tax Census Tract: 2216.01
  • Tax Lot: 5
  • Tax Tract Number: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2019
Closed on
Dec 5, 2019
Sold by
Vancol Jules D
Bought by
Vancol Marie
Seller's Agent
Rosa Rodriguez
RE Source
Buyer's Agent
Anthony Pinkett
Victory Realty Group
List Price
$1,200,000
Sold Price
$1,040,000
Premium/Discount to List
-$160,000
-13.33%
Current Estimated Value
$1,439,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$399,419
Avg. Annual Appreciation
5.66%
Original Mortgage
$832,000
Outstanding Balance
$734,118
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$705,301

Purchase Details

Listed on
Jul 2, 2019
Closed on
Nov 19, 2019
Sold by
Avalos Oscar M
Bought by
Vancol Harold and Vancol Marie
Seller's Agent
Rosa Rodriguez
RE Source
Buyer's Agent
Anthony Pinkett
Victory Realty Group
List Price
$1,200,000
Sold Price
$1,040,000
Premium/Discount to List
-$160,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$832,000
Outstanding Balance
$734,118
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$705,301

Purchase Details

Closed on
Mar 12, 2013
Sold by
Avalos Oscar and Avalos Christina
Bought by
Avalos Oscar M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,600
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2003
Sold by
Avalos Silva
Bought by
Avalos Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage
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
Vancol Marie -- Provident Title
Vancol Harold $1,040,000 Title365
Avalos Oscar M -- None Available
Avalos Oscar -- American Title Co
Avalos Oscar -- American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vancol Harold $832,000
Previous Owner Avalos Oscar M $316,600
Previous Owner Avalos Oscar $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2019 12/06/19 Sold $1,040,000 -13.3% $258 / Sq Ft
08/30/2019 08/30/19 Pending -- -- --
07/02/2019 07/02/19 For Sale $1,200,000 -- $298 / 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 $14,052 $1,137,389 $809,296 $328,093
2024 $14,052 $1,115,088 $793,428 $321,660
2023 $13,788 $1,093,224 $777,871 $315,353
2022 $13,161 $1,071,789 $762,619 $309,170
2021 $12,982 $1,050,774 $747,666 $303,108
2019 $3,784 $268,820 $177,816 $91,004
2018 $3,656 $263,550 $174,330 $89,220
2016 $3,461 $253,317 $167,561 $85,756
2015 $3,416 $249,513 $165,045 $84,468
2014 $3,455 $244,626 $161,812 $82,814
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Rosa Rodriguez

    RE Source

    Section Image

  • A

    Buyer's Agent in 2019

    Anthony Pinkett

    Victory Realty Group

    (800) 317-5704

    Anthony Pinkett
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV19156876

California Regional Multiple Listing Service (CRMLS)

APN: 5054-018-005

California Los Angeles County Los Angeles 90007 Adams-Normandie

2221 S Budlong Ave, Los Angeles, CA

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