NOT LISTED FOR SALE

Estimated Value: $856,000 - $952,000

4 Beds
2 Baths
2,052 Sq Ft
$433/Sq Ft Est. Value

Last Sold December 09, 2021

Last sale price $680,000 $331 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,373/month

Highlights

  • Laundry Room
  • 1-Story Property
  • 4-minute walk to South Los Angeles Wetlands Park
  • Central Heating

About This Home

As of December 2021

ATTENTION INVESTORS: Fully leased Income property for sale. Conveniently located close to restaurants, shopping, museums and has easy access to transportation. HURRY this one won't last!

Last Agent to Sell the Property

Carole Lee

Samuel S. Choi, Broker License #01966905 Listed on: 08/09/2021

Last Buyer's Agent

Carole Lee

Samuel S. Choi, Broker License #01966905 Listed on: 08/09/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 4,909 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,052 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Urban Location

Utilities

  • Central Heating
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 6 / K
  • Assessor Parcel Number 5101013018

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $2,000
  • Trash Expense $600
  • Water Sewer Expense $500
  • Operating Expense $5,100
  • Gross Income $44,400
  • Net Operating Income $32,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 500.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5101013018
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 331.38

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4909.00
  • Lot Size Acres: 0.1127

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 44400.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 4909.0000 Square Feet
  • Net Operating Income: 32300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 12100.00
  • Rent Control: Yes
  • Total Expenses: 5100.00

Tax Info

  • Tax Block: K
  • Tax Census Tract: 2294.10
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2017
Closed on
Oct 30, 2017
Sold by
Gw San Diego Properties Llc
Bought by
A-1 Young Llc
Seller's Agent
Alaura Clennon
Griffin Real Estate, Inc.
Buyer's Agent
Sunny Kim
Sky Commercial Realty
List Price
$449,990
Sold Price
$439,000
Premium/Discount to List
-$10,990
-2.44%
Current Estimated Value
$888,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,256
Avg. Annual Appreciation
9.06%

Purchase Details

Closed on
Jul 14, 2017
Sold by
Hernandez Francisco
Bought by
Gw San Diego Properties Llc

Purchase Details

Closed on
Oct 25, 2005
Sold by
Hernandez Maria Alejandra
Bought by
Hernandez Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
5.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2005
Sold by
Hernandez Francisco
Bought by
Hernandez Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
5.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2004
Sold by
Hernandez Francisco
Bought by
Hernandez Francisco and Hernandez Maria Alejandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.94%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 23, 2004
Sold by
Hernandez Francisco
Bought by
Hernandez Francisco and Hernandez Maria Alejandra

Purchase Details

Closed on
Aug 7, 1998
Sold by
Hernandez Francisco
Bought by
Hernandez Francisco and Hernandez Alejandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
6.91%

Purchase Details

Closed on
Jan 14, 1997
Sold by
Hernandez Lilia M
Bought by
Hernandez Francisco

Purchase Details

Closed on
Feb 28, 1994
Sold by
Johnson Alex
Bought by
Hernandez Francisco and Hernandez Rosalino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,470
Interest Rate
7.79%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 24, 1987
Sold by
Johnson Margaret S
Bought by
Johnson Margaret S and Johnson Alex
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
A-1 Young Llc $439,000 Stewart Title
Gw San Diego Properties Llc $381,000 Accommodation
Hernandez Francisco -- Alliance Title Company
Hernandez Francisco -- Alliance Title Company
Hernandez Francisco -- Lawyers Title
Hernandez Francisco -- Lawyers Title
Hernandez Francisco -- --
Hernandez Francisco -- United Title Company
Hernandez Francisco -- --
Hernandez Francisco $106,000 Commonwealth Land Title Co
Johnson Margaret S -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Francisco $356,000
Previous Owner Hernandez Francisco $75,000
Previous Owner Hernandez Francisco $102,000
Previous Owner Hernandez Francisco $105,470
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/09/2021 12/09/21 Sold $680,000 -2.9% $331 / Sq Ft
08/09/2021 08/09/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $700,000 +59.5% $341 / Sq Ft
11/20/2017 11/20/17 Sold $439,000 -2.4% $214 / Sq Ft View Prior Sale
10/26/2017 10/26/17 Pending -- -- --
10/18/2017 10/18/17 Price Changed $449,990 -2.2% $219 / Sq Ft
10/04/2017 10/04/17 Price Changed $459,990 +4.5% $224 / Sq Ft
09/30/2017 09/30/17 Price Changed $439,990 -0.9% $214 / Sq Ft
09/26/2017 09/26/17 Price Changed $443,990 -1.3% $216 / Sq Ft
09/12/2017 09/12/17 For Sale $449,990 -- $219 / 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 $8,798 $721,621 $541,216 $180,405
2024 $8,798 $707,472 $530,604 $176,868
2023 $8,630 $693,600 $520,200 $173,400
2022 $8,230 $680,000 $510,000 $170,000
2021 $5,712 $461,466 $315,353 $146,113
2019 $5,543 $447,780 $306,000 $141,780
2018 $5,494 $439,000 $300,000 $139,000
2017 $3,398 $264,710 $113,636 $151,074
2016 $3,302 $259,520 $111,408 $148,112
2015 $3,256 $255,623 $109,735 $145,888
2014 $3,279 $250,617 $107,586 $143,031
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21174921

California Regional Multiple Listing Service (CRMLS)

APN: 5101-013-018