NOT LISTED FOR SALE

Estimated Value: $820,000 - $1,041,056

5 Beds
2 Baths
2,202 Sq Ft
$407/Sq Ft Est. Value

Last Sold April 27, 2018

Last sale price $500,000 $227 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $5,330/month

1 Day on Market

Highlights

  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • No HOA
  • Living Room
  • Accessible Parking

About This Home

As of April 2018

Priced below market value for a quick sale. Here's a duplex located in prime Los Angeles, on a quiet street and in a great neighborhood. Remodeled 3 1/2 years ago, this duplex comes with good paying tenants already in place. This property IS UNDER RENT CONTROL. As such, sellers are looking for a buyer/investor who will take property with current tenants occupying property.

The front unit is 3 bedrooms, 1 bath. The large bathroom was remodeled with custom shower tile, new vanity and new mirror. The entire property had all new flooring; laminate hardwood in the living room and new carpeting in each bedroom. The kitchen was redesigned with new custom cabinets and granite countertops. The second unit is a 2 bedroom 1 bath. This unit sits above the 2 car garage and was also upgraded during the remodel 3.5 years ago prior to tenants taking possession. Each unit has was freshly painted and had all new light fixtures installed at remodel

Located close to 66th St Elementary School, Bethune Park, Slauson Shopping Center and easy access to the 110 freeway.

Last Agent to Sell the Property

Vincent Ramos

Re/Max Top Producers License #01352740 Listed on: 04/06/2018

Re/Max Top Producers

Last Buyer's Agent

Oscar Escobedo

HomeSmart Realty Group License #01765030

HomeSmart Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 5,399 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,202 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Accessible Home Design

  • Accessible Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 23
  • Assessor Parcel Number 6006013023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $35,844

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LAR2
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 6006013023
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: Parking
  • Levels: Two
  • Price Per Square Foot: 227.07
  • Room Type: Living Room

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 5399.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 35844.00
  • Gross Scheduled Income: 35844.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Actual Rent: 2987.00

Tax Info

  • Tax Census Tract: 2393.20
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2018
Closed on
Apr 12, 2018
Sold by
Orellana Gildardo and Orellana Gildardo Bladimic
Bought by
Aguirre Rafael Perez
Seller's Agent
Vincent Ramos
Re/Max Top Producers
Buyer's Agent
Oscar Escobedo
HomeSmart Realty Group
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
Current Estimated Value
$896,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,514
Avg. Annual Appreciation
7.87%

Purchase Details

Listed on
Aug 8, 2013
Closed on
Jun 24, 2013
Sold by
Martingale Investments Llc
Bought by
Orellana Gildardo
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Oracio Carrillo
Re/Max Supreme
List Price
$369,900
Sold Price
$385,000
Premium/Discount to List
$15,100
4.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%
Original Mortgage
$378,026
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 5, 2012
Sold by
Randall Merrydean
Bought by
Martingale Investments Llc

Purchase Details

Closed on
Nov 29, 1999
Sold by
Murphy Deborah
Bought by
Randall Merrydean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
8%

Purchase Details

Closed on
Jun 18, 1998
Sold by
Gray Ruth E
Bought by
Gray Ruth Ella and Murphy Deborah
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
Aguirre Rafael Perez $500,000 Wfg National Title Company
Orellana Gildardo $385,000 Title 365
Martingale Investments Llc $249,900 Accommodation
Randall Merrydean $121,000 American Title Co
Gray Ruth Ella -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Orellana Gildardo $378,026
Previous Owner Randall Merrydean $81,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2018 04/27/18 Sold $500,000 -4.8% $227 / Sq Ft
04/07/2018 04/07/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $525,000 +36.4% $238 / Sq Ft
08/21/2013 08/21/13 Sold $385,000 +4.1% $175 / Sq Ft View Prior Sale
08/21/2013 08/21/13 Pending -- -- --
04/30/2013 04/30/13 For Sale $369,900 -- $168 / 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 $7,708 $625,801 $398,238 $227,563
2024 $7,708 $613,531 $390,430 $223,101
2023 $7,561 $601,502 $382,775 $218,727
2022 $7,214 $589,709 $375,270 $214,439
2021 $7,118 $578,147 $367,912 $210,235
2020 $7,187 $572,220 $364,140 $208,080
2019 $6,908 $561,000 $357,000 $204,000
2018 $5,218 $414,784 $215,472 $199,312
2016 $4,972 $398,679 $207,106 $191,573
2015 $4,901 $392,692 $203,996 $188,696
2014 $4,927 $385,000 $200,000 $185,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18078582

California Regional Multiple Listing Service (CRMLS)

APN: 6006-013-023