NOT LISTED FOR SALE

224 E 37th St Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $613,000 - $969,000

4 Beds
4 Baths
2,292 Sq Ft
$361/Sq Ft Est. Value

Last Sold August 27, 2013

Last sale price $410,000 $179 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $4,847/month

13 Days on Market

About This Home

As of August 2013

GREAT INVESTMENT OPPORTUNITY - This four unit property has been recently remodeled. New bathrooms, new kitchens, new tile floors, new carpet and new laminated floors and much, much more...... This is a 2 stories property and has 4 parking spaces in back, via alley access. Near USC and the 110 FWY. All four units are leased and pay a combined rent total of $4,034 monthly. All units are 1 bedroom/1 bath. 3 are set up as 2 bedrooms / 1 bath with one unit as 3 bedrooms & 1 bath.

Last Agent to Sell the Property

Erika Garcia

Calhomes Realty License #01861833 Listed on: 06/28/2013

Last Buyer's Agent

Erika Garcia

Calhomes Realty License #01861833 Listed on: 06/28/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 3,803 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Parking Spaces

Home Design

  • 2,292 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 63
  • Tax Tract Number 2311
  • Assessor Parcel Number 5121028020

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Parcel Number: 5121028020
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 178.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 3803.00
  • Lot Size Acres: 0.0870

Multi Family

  • Lot Size Area: 3803.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 4034.00

Tax Info

  • Tax Lot: 63
  • Tax Tract Number: 2311
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2013
Closed on
Aug 29, 2013
Sold by
Babst Steven M
Bought by
Ploop Llc
Seller's Agent
Erika Garcia
Calhomes Realty
Buyer's Agent
Erika Garcia
Calhomes Realty
List Price
$430,000
Sold Price
$410,000
Premium/Discount to List
-$20,000
-4.65%
Current Estimated Value
$826,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,577
Avg. Annual Appreciation
5.84%
Original Mortgage
$285,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 28, 2013
Closed on
Jul 10, 2013
Sold by
Al Lord Inc
Bought by
Babst Steven M
Seller's Agent
Erika Garcia
Calhomes Realty
Buyer's Agent
Erika Garcia
Calhomes Realty
List Price
$430,000
Sold Price
$410,000
Premium/Discount to List
-$20,000
-4.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2012
Sold by
Bautista Juan
Bought by
Al Lord Inc

Purchase Details

Closed on
Dec 7, 2005
Sold by
Sterling Investment Funding Llc
Bought by
Bautista Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,920
Interest Rate
7.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 22, 2005
Sold by
Castro Felix A
Bought by
Sterling Investment Funding Llc

Purchase Details

Closed on
Apr 16, 2003
Sold by
Perez Salvador
Bought by
Castro Felix A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2002
Sold by
Cal Star Development Llc
Bought by
Perez Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.94%

Purchase Details

Closed on
Apr 2, 2001
Sold by
Payne Alice
Bought by
Cal Star Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.19%

Purchase Details

Closed on
Jul 27, 1998
Sold by
Payne Alice T
Bought by
Payne Alice
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ploop Llc -- None Available
Babst Steven M $410,000 None Available
Al Lord Inc $225,000 None Available
Bautista Juan $600,000 Fidelity National Title Co
Sterling Investment Funding Llc $431,100 --
Castro Felix A $300,000 Orange Coast Title
Perez Salvador $182,000 First American Title Co
Cal Star Development Llc $120,000 Gateway Title
Payne Alice -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Babst Steven M $285,000
Previous Owner Bautista Juan $479,920
Previous Owner Castro Felix A $240,000
Previous Owner Perez Salvador $175,000
Previous Owner Cal Star Development Llc $150,000
Closed Castro Felix A $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2013 08/27/13 Sold $410,000 -4.7% $179 / Sq Ft
07/11/2013 07/11/13 Pending -- -- --
06/28/2013 06/28/13 For Sale $430,000 -- $188 / 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 $6,294 $502,591 $245,166 $257,425
2024 $6,294 $492,737 $240,359 $252,378
2023 $6,177 $483,077 $235,647 $247,430
2022 $5,896 $473,606 $231,027 $242,579
2021 $5,816 $464,321 $226,498 $237,823
2020 $5,870 $459,561 $224,176 $235,385
2019 $5,646 $450,551 $219,781 $230,770
2018 $5,580 $441,718 $215,472 $226,246
2016 $5,319 $424,567 $207,106 $217,461
2015 $5,244 $418,191 $203,996 $214,195
2014 $5,284 $410,000 $200,000 $210,000
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2013

    Erika Garcia

    Calhomes Realty

    (562) 328-5524

    1 Total Sale

    Erika Garcia
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW13125512

California Regional Multiple Listing Service (CRMLS)

APN: 5121-028-020

California Los Angeles County Los Angeles 90011 Historic South Central

224 E 37th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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