NOT LISTED FOR SALE

Estimated Value: $720,000 - $886,000

4 Beds
2 Baths
1,550 Sq Ft
$527/Sq Ft Est. Value

Last Sold May 26, 2023

Last sale price $485,000 $313 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,784/month

6 Days on Market

Highlights

  • No HOA
  • South Facing Home
  • 1-Story Property
  • Laundry Room
  • Back and Front Yard

About This Home

As of May 2023

Welcome to this incredible real estate opportunity, an investor's delight with 2 homes on one lot! The front house boasts 3 spacious bedrooms and 1 beautiful bathroom. The back house offers 1 cozy bedroom and 1 lovely bathroom. This unique property is perfect for investors or those looking to own a multi-family home.

Located in an up and coming neighborhood, this property is centrally located to all of the essentials, including schools, shopping, restaurants, and transportation options. You'll love the convenience of being just minutes away from L.A. Live and Staples Center, making this an ideal location for sports enthusiasts and those looking to experience all the excitement that downtown LA has to offer.

Whether you're looking for a lucrative investment opportunity or a beautiful home for yourself and your family, this property is sure to impress. Don't miss out on this rare chance to own a 2 on a lot property in one of the most desirable locations in LA. Schedule a viewing today!

Last Agent to Sell the Property

Davin Emmons

HomeSmart, Evergreen Realty License #01419145 Listed on: 04/14/2023

Last Buyer's Agent

Cindy Vu

HomeSmart, Evergreen Realty License #02161087

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 5,401 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,550 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 237
  • Tax Tract Number 1889
  • Assessor Parcel Number 6022016026
  • $305 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $100
  • Trash Expense $50
  • Operating Expense $5,000
  • Gross Income $40,000
  • Net Operating Income $2,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LAR1
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6022016026
  • Year Built: 1918
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 312.90

Exterior Features

  • Direction Faces: South
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard
  • Lot Size Sq Ft: 5401.00
  • Lot Size Acres: 0.1240

Multi Family

  • Gross Income: 40000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 100.00
  • Lot Size Area: 5401.0000 Square Feet
  • Net Operating Income: 2000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 2000.00
  • Rent Control: No
  • Total Expenses: 5000.00

Tax Info

  • Tax Census Tract: 2396.02
  • Tax Lot: 237
  • Tax Tract Number: 1889
  • TaxOtherAnnualAssessmentAmount: 305.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2024
Sold by
Guzman Pena Rolando
Bought by
Pena Rolando Guzman and Guzman Patricia E
Current Estimated Value
$816,193

Purchase Details

Closed on
Jul 11, 2024
Sold by
Pena Rolando Guzman
Bought by
Pena Rolando Guzman and Guzman Patricia E

Purchase Details

Closed on
Jan 23, 2024
Sold by
Garcia Patricia Elizabeth Chun
Bought by
Pena Rolando Guzman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,332
Interest Rate
7.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 16, 2024
Sold by
Angeleno Home Llc
Bought by
Guzman Pena Rolando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,332
Interest Rate
7.12%
Mortgage Type
FHA
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
Pena Rolando Guzman -- None Listed On Document
Pena Rolando Guzman -- None Listed On Document
Pena Rolando Guzman -- Chicago Title
Guzman Pena Rolando $829,000 Chicago Title Company
Pena Rolando Guzman $829,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pena Rolando Guzman $801,332
Previous Owner Pena Rolando Guzman $801,332
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2023 05/26/23 Sold $485,000 -9.3% $313 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $534,900 -- $345 / 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 $6,245 $845,580 $510,000 $335,580
2024 $6,245 $494,700 $408,000 $86,700
2023 $835 $50,763 $19,837 $30,926
2022 $803 $49,769 $19,449 $30,320
2021 $784 $48,794 $19,068 $29,726
2020 $785 $48,295 $18,873 $29,422
2019 $763 $47,349 $18,503 $28,846
2018 $691 $46,422 $18,141 $28,281
2016 $641 $44,622 $17,438 $27,184
2015 $633 $43,953 $17,177 $26,776
2014 $648 $43,093 $16,841 $26,252
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23062675

California Regional Multiple Listing Service (CRMLS)

APN: 6022-016-026