NOT LISTED FOR SALE

2323 E 120th St Los Angeles, CA 90059

Estimated Value: $734,000 - $794,409

4 Beds
2 Baths
1,618 Sq Ft
$469/Sq Ft Est. Value

Last Sold August 20, 2019

Last sale price $525,000 $324 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,615/month

20 Days on Market

Highlights

  • 0.34 Acre Lot
  • Level Lot
  • 3-minute walk to Faith And Hope Park
  • Property is near park

About This Home

As of August 2019

EXCELLENT OPPORTUNITY for an INVESTOR or FIRST-TIME HOME BUYERS!!! Spacious 2 detached houses, 2 bedrooms 1 bathroom approximately 810 sqft each on a HUGE 14,659 sqft LOT. Newer Roof, windows and floors. Front house has a large front yard, large living room, nice kitchen, and two separate bedrooms, the back house has its own large rear yard. There is a 2 car garage (detached) between the 2 houses + additional storage on the back of the property, very wide and long driveway that can accommodate many cars or several medium-size trucks. Located on a great area near Martin Luther King Elementary school, Dr. Ralph Bunche Middle School, Mona Park, Faith and Hope Park and minutes to Plaza Mexico. Super easy access to Metro Line, the 105 Fwy - 710 Fwy, and 110 Fwy. The property does need some TLC to be Perfect!!!. NO RENT CONTROL zone!..

Last Agent to Sell the Property

Carlos Ulloa

Coldwell Banker Envision License #01802325 Listed on: 04/30/2019

Coldwell Banker Envision

Co-Listed By

Ruben Mendoza

Coldwell Banker Envision License #01920732

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 0.34 Acre Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • 1,618 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near park

Listing and Financial Details

  • Tax Lot 191
  • Tax Tract Number 5406
  • Assessor Parcel Number 6150022017

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Insurance Expense $1,300
  • Water Sewer Expense $2,340
  • New Taxes Expense $8,713
  • Operating Expense $12,353
  • Net Operating Income $21,247

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2340.00
  • Zoning: LCR1YY
  • Property Type: Residential Income
  • Parcel Number: 6150022017
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 324.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Level, Park Nearby
  • Lot Size Sq Ft: 14709.00
  • Lot Size Acres: 0.3377

Multi Family

  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 14709.0000 Square Feet
  • Net Operating Income: 21247.00
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 12353.00
  • Rent Control: No
  • Total Actual Rent: 2800.00
  • Total Expenses: 12353.00

Tax Info

  • New Taxes Expense: 8713.00
  • Tax Census Tract: 5406.00
  • Tax Lot: 191
  • Tax Tract Number: 5406

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2019
Sold by
Lugo Hermogenes and Lugo Concepcion
Bought by
Celis Jaime
Current Estimated Value
$759,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2007
Sold by
Lugo Hermogenes
Bought by
Lugo Hermogenes and Lugo Concepcion

Purchase Details

Closed on
Oct 11, 2006
Sold by
Lugo Concepcion
Bought by
Lugo Hermogenes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2006
Sold by
Gallegos Josefina
Bought by
Lugo Hermogenes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2006
Sold by
Soto Luis Raul Meza
Bought by
Gallegos Josefina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2004
Sold by
Sanchez Doris E
Bought by
Sanchez Jaime J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2004
Sold by
Cabrera Francisco J and Sanchez Jaime J
Bought by
Soto Luis Raul Meza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2003
Sold by
Gutierrez Josefa
Bought by
Cabrera Francisco J and Sanchez Jaime J

Purchase Details

Closed on
Jul 25, 2000
Sold by
Perez Jesus
Bought by
Gutierrez Josefa
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
Celis Jaime $525,000 Orange Coast Title Company
Lugo Hermogenes -- None Available
Lugo Hermogenes -- Gateway Title Company Orange
Lugo Hermogenes $560,000 Gateway Title
Gallegos Josefina -- Accommodation
Sanchez Jaime J -- Investors Title Company
Soto Luis Raul Meza $330,000 Investors Title Company
Cabrera Francisco J -- --
Gutierrez Josefa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Celis Jaime $341,250
Previous Owner Lugo Hermogenes $280,000
Previous Owner Soto Luis Raul Meza $244,000
Closed Soto Luis Raul Meza $61,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2019 08/20/19 Sold $525,000 -0.9% $324 / Sq Ft
05/20/2019 05/20/19 Pending -- -- --
04/30/2019 04/30/19 For Sale $530,000 -- $328 / 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 $8,197 $574,160 $382,774 $191,386
2024 $8,197 $562,903 $375,269 $187,634
2023 $7,930 $551,866 $367,911 $183,955
2022 $7,404 $541,047 $360,698 $180,349
2021 $7,545 $530,439 $353,626 $176,813
2020 $7,399 $525,000 $350,000 $175,000
2019 $9,173 $672,576 $600,519 $72,057
2018 $8,713 $659,390 $588,745 $70,645
2016 $8,269 $633,786 $565,884 $67,902
2015 $7,819 $624,267 $557,384 $66,883
2014 $7,673 $612,039 $546,466 $65,573
Source: Public Records

Agents Affiliated with this Home

  • Carlos Ulloa

    Seller's Agent in 2019

    Carlos Ulloa

    Coldwell Banker Envision

    (562) 556-5122

    29 Total Sales

    Carlos Ulloa
    Section Image
  • Ruben Mendoza

    Seller Co-Listing Agent in 2019

    Ruben Mendoza

    Coldwell Banker Envision

    (562) 533-3876

    31 Total Sales

    Ruben Mendoza
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19099137

California Regional Multiple Listing Service (CRMLS)

APN: 6150-022-017

California Los Angeles County Los Angeles 90059

2323 E 120th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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