NOT LISTED FOR SALE

Estimated Value: $563,000 - $879,754

2 Beds
2 Baths
1,036 Sq Ft
$663/Sq Ft Est. Value

Last Sold September 19, 2023

Last sale price $500,000 $483 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,115/month

110 Days on Market

About This Home

As of September 2023

Great investor opportunity. Own a duplex in Downtown Los Angeles adjacent for under $500K. Each unit is being used as 2 bed 1 bath with huge upside potential. Rent one and live in the other or tear down and build bigger duplex up to 4 stories high. Highly sought after area in south LA adjacent to downtown Los Angeles, with all of DTLA amenities within a short distance such as, restaurants, entertainment Crypto Arena, LA live, Fashion district, Art district. Also close to USC, LA Trade Tech, Natural History Museum, LA Coliseum and BMO stadium. Hot Investor area, opportunity zone, TOC Tier 3, use code: Residential - Double, Duplex, or Two Units - 4 Stories or Less

Last Agent to Sell the Property

PABLO RAMIREZ

EXCELLENCE RE REAL ESTATE License #02015087 Listed on: 03/11/2023

EXCELLENCE RE REAL ESTATE

Last Buyer's Agent

Gabriela Lambert

Innovative Property Strategies License #01327946

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,215

Year Built

  • Built in 1906

Lot Details

  • 1,700 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Home Design

  • 1,036 Sq Ft Home
  • Duplex

Additional Features

  • 2 Bedrooms
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 5127012007

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,000
  • Net Operating Income $2,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,215

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: LAR2-1
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5127012007
  • Year Built: 1906
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 482.63

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 1700.00
  • Lot Size Acres: 0.0390
  • Latitude Manual: 34.02500100

Multi Family

  • Gross Income: 3000.00
  • Gross Scheduled Income: 3000.00
  • Lot Size Area: 1700.0000 Square Feet
  • Net Operating Income: 2500.00
  • 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: 500.00
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2264.10
  • Tax Lot: 6
  • Tax Tract Number: STE...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2018
Closed on
Jun 5, 2018
Sold by
Rios Rose
Bought by
Uravo Isac
Seller's Agent
ALICIA GALBRAITH
CENTURY 21 LOIS LAUER REALTY
Buyer's Agent
ANDRES DE MENDOZA
MAXI Realty Group
List Price
$389,000
Sold Price
$374,000
Premium/Discount to List
-$15,000
-3.86%
Current Estimated Value
$687,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,189
Avg. Annual Appreciation
8.69%
Original Mortgage
$299,200
Outstanding Balance
$258,758
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$428,431

Purchase Details

Closed on
Dec 23, 2017
Sold by
Tejada Alfredo J
Bought by
Rios Rose

Purchase Details

Closed on
Dec 12, 2017
Sold by
Tejada Alfredo J
Bought by
Tejada Alfredo J and Rios Rose

Purchase Details

Closed on
May 28, 2015
Sold by
Mujica David
Bought by
Tejeda Alfredo J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,015
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 21, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Mujica David and Mujica Marilyn Delcarmen

Purchase Details

Closed on
Aug 27, 2007
Sold by
Antonio Mateo Diego
Bought by
Deutsche Bank National Trust Co and Ameriquest Mortgage Securities Inc Asset

Purchase Details

Closed on
May 17, 2006
Sold by
Montoro Celso G
Bought by
Antonio Mateo Diego

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,200
Interest Rate
8.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2005
Sold by
Padron Rosa
Bought by
Padron Jorge Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
5.72%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 22, 2005
Sold by
Padron Jorge Eduardo
Bought by
Montoro Celso G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
5.72%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 29, 2004
Sold by
Padron Rosa
Bought by
Padron Jorge Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2004
Sold by
De La Cueva Group Inc
Bought by
Padron Jorge Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2003
Sold by
Delacueva Oscar
Bought by
Gifford Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2001
Sold by
Hud
Bought by
Gamboa Raul

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
7.24%

Purchase Details

Closed on
Mar 22, 2000
Sold by
Old Kent Mtg Co
Bought by
Hud

Purchase Details

Closed on
Sep 10, 1999
Sold by
Peralta Maria S
Bought by
Old Kent Mtg Company and National Pacific Mtg Corp

Purchase Details

Closed on
Mar 18, 1998
Sold by
Finzi David B
Bought by
Peralta Maria S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,865
Interest Rate
7.17%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 8, 1996
Sold by
Freeman Ben
Bought by
Finzi David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.98%
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
Uravo Isac $374,000 Lawyers Title
Rios Rose $180,000 Stewart Title Of California
Tejada Alfredo J -- None Available
Tejeda Alfredo J $220,000 Fidelity National Title Co
Mujica David $168,000 Chicago Title Company
Deutsche Bank National Trust Co $398,805 Town & Country Title Service
Antonio Mateo Diego $469,000 Investors Title Company
Padron Jorge Eduardo -- Chicago Title Co
Montoro Celso G $360,000 Southland Title Corporation
Padron Jorge Eduardo -- Sut
De La Cueva Group Inc -- Sut
Padron Jorge Eduardo $285,000 Security Union Title
Gifford Wayne $230,000 Security Union Title
Delacueva Oscar -- Security Union Title
Gamboa Raul $100,000 Fidelity Title
Hud -- American Title
Old Kent Mtg Company $140,162 American Title
Peralta Maria S $130,000 Benefit Land Title
Finzi David B $55,000 Benefit Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Uravo Isac $299,200
Previous Owner Tejeda Alfredo J $216,015
Previous Owner Antonio Mateo Diego $375,200
Previous Owner Padron Jorge Eduardo $72,000
Previous Owner Montoro Celso G $288,000
Previous Owner Padron Jorge Eduardo $228,000
Previous Owner Gifford Wayne $185,600
Previous Owner Gamboa Raul $75,000
Previous Owner Peralta Maria S $128,865
Previous Owner Finzi David B $40,000
Closed Finzi David B $20,000
Closed Gifford Wayne $34,800
Closed Padron Jorge Eduardo $57,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/19/2023 09/19/23 Sold $500,000 +0.2% $483 / Sq Ft
06/29/2023 06/29/23 Pending -- -- --
05/24/2023 05/24/23 For Sale $499,000 0.0% $482 / Sq Ft
03/17/2023 03/17/23 Pending -- -- --
03/11/2023 03/11/23 For Sale $499,000 +33.4% $482 / Sq Ft
07/11/2018 07/11/18 Sold $374,000 0.0% $352 / Sq Ft View Prior Sale
05/23/2018 05/23/18 Pending -- -- --
05/14/2018 05/14/18 Price Changed $374,000 -3.9% $352 / Sq Ft
04/20/2018 04/20/18 For Sale $389,000 -- $366 / 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 $6,215 $510,000 $408,000 $102,000
2024 $6,215 $500,000 $400,000 $100,000
2023 $5,026 $401,001 $139,385 $261,616
2022 $4,793 $393,139 $136,652 $256,487
2021 $4,733 $385,431 $133,973 $251,458
2020 $4,779 $381,480 $132,600 $248,880
2019 $4,592 $374,000 $130,000 $244,000
2018 $4,363 $352,000 $260,000 $92,000
2017 $2,826 $224,400 $168,300 $56,100
2016 $2,756 $220,000 $165,000 $55,000
2015 $5,817 $476,806 $354,660 $122,146
2014 $5,845 $467,467 $347,713 $119,754
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB23041071

California Regional Multiple Listing Service (CRMLS)

APN: 5127-012-007