NOT LISTED FOR SALE

2226 Michigan Ave Los Angeles, CA 90033

Estimated Value: $1,278,000 - $1,620,000

8 Beds
6 Baths
4,231 Sq Ft
$332/Sq Ft Est. Value

Last Sold April 02, 2012

Last sale price $200,000 $47 Per Sq Ft

Est. 602% increase in value since last sale

Current estimated payment $8,917/month

11 Days on Market

Highlights

  • 0.23 Acre Lot
  • Felicitas and Gonzalo Mendez High Rated A-
  • Heating Available

About This Home

As of April 2012

Large fourplex with many unpermitted floor plan modifications. Located on a large lot with plenty of parking. No garages. Needs interior and exterior work. Lots of potential. Seller will review offers after 11/14/11. Please submit your Highest and Best as-is offer. Buyer to investigate with City of Los Angeles Department of Building and Safety for any possible violations or required corrections. Seller will not be completing any repairs. Property is sold in its as is condition. Bed and bath count in public records vs physical inspection do not match.

Last Agent to Sell the Property

Xavier Izquierdo

XAVIER IZQUIERDO, BROKER License #00787434 Listed on: 11/07/2011

Last Buyer's Agent

Xavier Izquierdo

XAVIER IZQUIERDO, BROKER License #00787434 Listed on: 11/07/2011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,275

Year Built

  • Built in 1908

Lot Details

  • 10,049

Home Design

  • 4,231 Sq Ft Home
  • Fixer Upper
  • Frame Construction
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Driveway
  • Off-Street Parking

Additional Features

  • 10,049 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Tax Lot 61
  • Tax Tract Number 11404
  • Assessor Parcel Number 5183005026

Community Details

Overview

  • 4 Units

Building Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,275

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: 2137989480
  • View: No
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 5183005026
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 47.27

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Off Street
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: No

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 10049.00
  • Lot Size Acres: 0.2300

Multi Family

  • Lot Size Area: 10049.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Lot: 61
  • Tax Tract Number: 11404
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2024
Sold by
Lopez Manuel Santos
Bought by
Lopez Manuel Santos and Zavala Adriana
Current Estimated Value
$1,403,000

Purchase Details

Closed on
Jun 30, 2023
Sold by
Leblanc Gutierrez Michelle
Bought by
Michigan Ave Trust

Purchase Details

Closed on
Jan 19, 2021
Sold by
Carlyle Assetes Inc
Bought by
Leblanc Michelle G

Purchase Details

Closed on
Nov 15, 2018
Sold by
Lablanc Michelle G
Bought by
Carlyle Assetes Inc

Purchase Details

Closed on
Jan 28, 2015
Sold by
Moreno Jason
Bought by
Leblanc Michelle G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 24, 2014
Sold by
Carlyle Assets Inc
Bought by
Leblanc Michelle G

Purchase Details

Listed on
Nov 7, 2011
Closed on
Apr 13, 2012
Sold by
Rivera Elsa E
Bought by
Carlyle Assets Inc
Seller's Agent
Xavier Izquierdo
XAVIER IZQUIERDO, BROKER
Buyer's Agent
Xavier Izquierdo
XAVIER IZQUIERDO, BROKER
List Price
$285,000
Sold Price
$200,000
Premium/Discount to List
-$85,000
-29.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.89%
Original Mortgage
$340,000
Interest Rate
3.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 29, 2011
Sold by
Jpmorgan Chase Bank National Association
Bought by
Rivera Elsa E

Purchase Details

Closed on
Aug 27, 2010
Sold by
Reyes Luis
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Apr 14, 2004
Sold by
Reyes Luis
Bought by
Vargas Hector M

Purchase Details

Closed on
May 12, 2003
Sold by
Reyes Luis
Bought by
Avila Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.77%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 14, 2002
Sold by
Hud
Bought by
Reyes Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,873
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2002
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Jul 10, 2002
Sold by
Flores Pascual
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Nov 29, 2000
Sold by
Ramirez Irma
Bought by
Flores Pascual

Purchase Details

Closed on
Oct 18, 2000
Sold by
Alfaro Sandra Elizabeth
Bought by
Flores Pascual and Ramirez Irma

Purchase Details

Closed on
Jun 12, 2000
Sold by
Flores Pascual
Bought by
Leon Pascual Flores and Flores Irma Ramirez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
8.27%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 20, 1998
Sold by
Zamorano Mario
Bought by
Flores Pascual and Ramirez Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,467
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 1998
Sold by
Zamorano Camille
Bought by
Zamorano Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,467
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 15, 1998
Sold by
Investors Future
Bought by
Zamorano Mario and The Pacific Shores Living Trust

Purchase Details

Closed on
Aug 25, 1995
Sold by
Kochi Meiko
Bought by
Investors Future Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.88%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 5, 1995
Sold by
Kochi Deceased James Zeno
Bought by
Kochi Meiko
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
Lopez Manuel Santos -- --
Lopez Manuel Santos -- --
Michigan Ave Trust -- None Listed On Document
Leblanc Michelle G -- None Available
Carlyle Assetes Inc -- None Available
Leblanc Michelle G -- Old Republic Title Company
Leblanc Michelle G -- None Available
Carlyle Assets Inc $300,003 Ticor Title Riverside
Rivera Elsa E -- Ticor Title Company Of Ca
Jpmorgan Chase Bank National Association $313,745 Accommodation
Vargas Hector M -- --
Avila Cynthia -- --
Reyes Luis $280,000 Gateway Title Company
Hud -- First American Title Ins Co
Chase Manhattan Mtg Corp $312,881 First American Title Ins Co
Flores Pascual -- --
Flores Pascual -- --
Leon Pascual Flores -- Gateway Title Company
Flores Pascual $268,818 Southland Title Corporation
Zamorano Mario -- Southland Title Corporation
Zamorano Mario -- Southland Title Corporation
Zamorano Mario -- --
Investors Future Inc $135,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carlyle Assets Inc $47,493
Previous Owner Carlyle Assets Inc $190,000
Previous Owner Leblanca Michelle G $342,048
Previous Owner Leblanc Michelle G $331,000
Previous Owner Leblanc Michelle G $300,000
Previous Owner Leblanc Michelle G $274,628
Previous Owner Carlyle Assets Inc $100,000
Previous Owner Carlyle Assets Inc $41,600
Previous Owner Carlyle Assets Inc $340,000
Previous Owner Reyes Luis $50,000
Previous Owner Reyes Luis $100,000
Previous Owner Reyes Luis $265,873
Previous Owner Leon Pascual Flores $30,000
Previous Owner Flores Pascual $258,467
Previous Owner Investors Future Inc $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2012 04/02/12 Sold $200,000 -29.8% $47 / Sq Ft
11/18/2011 11/18/11 Pending -- -- --
11/07/2011 11/07/11 For Sale $285,000 -- $67 / 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 $15,275 $1,236,135 $494,670 $741,465
2024 $15,275 $1,211,898 $484,971 $726,927
2023 $14,986 $1,188,136 $475,462 $712,674
2022 $14,303 $1,164,840 $466,140 $698,700
2021 $11,789 $943,998 $515,283 $428,715
2020 $11,902 $934,320 $510,000 $424,320
2019 $6,762 $517,147 $301,669 $215,478
2018 $6,610 $507,007 $295,754 $211,253
2016 $6,287 $487,320 $284,270 $203,050
2015 $6,201 $480,000 $280,000 $200,000
2014 $4,257 $307,389 $204,926 $102,463
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: M11147092

California Regional Multiple Listing Service (CRMLS)

APN: 5183-005-026