NOT LISTED FOR SALE
5 Beds
5 Baths
2 Sq Ft
6,252 Sq Ft Lot

Sale Details

Date Sold: February 14, 2019

Last sale price $740,000 $370,000 Per Sq Ft

17 Days on Market

Highlights

  • End Unit
  • Laundry Facilities
  • Heating System Uses Natural Gas

About This Home

As of February 2019

Zoned LARD 1.5 - Total 5 Units - 4unit in the front and 1Unit in the back. Each unit has 1 bedroom and 1 bath. Annual GSI is $67K with upside potential. All units are currently rented. Close to Downtown LA, USC, Collisseum, Staple Center, Shopping Area and more. Perfect opportunity for Investors.

Last Agent to Sell the Property

Grace Manlapaz

Gracie Homes Realty License #01891967 Listed on: 12/28/2018

Last Buyer's Agent

Carlos Estrada

Liberty Investment Group License #01413560

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 6,252 Sq Ft Lot
  • End Unit
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 2 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Washer and Gas Dryer Hookup

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Private Sewer

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 28
  • Assessor Parcel Number 5128002026

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Gardener Expense $1,800
  • Insurance Expense $2,600
  • Water Sewer Expense $5,760
  • Operating Expense $10,160
  • Gross Income $67,476
  • Net Operating Income $59,620

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

6,252 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 5760.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5128002026
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls, End Unit

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6252.00
  • Lot Size Acres: 0.1435

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 67476.00
  • Gross Scheduled Income: 69780.00
  • Insurance Expense: 2600.00
  • Lot Size Area: 6252.0000 Square Feet
  • Net Operating Income: 59620.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 10160.00
  • Rent Control: Yes
  • Total Actual Rent: 5815.00
  • Total Expenses: 10160.00

Tax Info

  • Tax Census Tract: 2246.00
  • Tax Lot: 28

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2018
Closed on
Jan 16, 2019
Sold by
Gonzalez Manuel A and Gonzalez Maria C
Bought by
Seller's Agent
Grace Manlapaz
Gracie Homes Realty
Buyer's Agent
Carlos Estrada
Liberty Investment Group
List Price
$740,000
Sold Price
$740,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 16, 2004
Sold by
Leary Francis
Bought by
Gonzalez Manuel A and Gonzalez Maria C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
5.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 21, 2003
Sold by
Leary Marie
Bought by
Leary Francis

Purchase Details

Closed on
Dec 4, 2002
Sold by
Quintero Elvia and Quintero Maria
Bought by
Leary Francis

Purchase Details

Closed on
Jul 13, 2000
Sold by
A + Financial Education & Escrow Inc
Bought by
Quintero Elvia and Quintero Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,430
Interest Rate
8.01%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 29, 2000
Sold by
Hud
Bought by
A+ Financial Education & Escrow Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,430
Interest Rate
8.01%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 3, 1999
Sold by
Martinez Albert and Guerrero Esperanza
Bought by
Credit Based Asset Servicing & Securitiz

Purchase Details

Closed on
Sep 10, 1997
Sold by
Butler Ophelia and Negrete Vida F
Bought by
Gonzalez Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.54%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$740,000 Old Republic Title Company
Gonzalez Manuel A $399,000 --
Leary Francis -- Commonwealth Land Title Co
Leary Francis -- First American
Quintero Elvia $192,000 --
A+ Financial Education & Escrow Inc $125,500 Provident Title
Credit Based Asset Servicing & Securitiz $291,968 American Title
Hud -- American Title
Gonzalez Luis $29,500 Southland Title Corporation
Gonzalez Luis $88,500 Southland Title Corporation
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $712,500
Closed 28Th Street Apts Llc $556,000
Previous Owner Gonzalez Manuel A $45,000
Previous Owner Gonzalez Manuel A $279,000
Previous Owner Quintero Elvia $190,430
Previous Owner A+ Financial Education & Escrow Inc $107,000
Previous Owner Gonzalez Luis $125,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/14/2019 02/14/19 Sold $740,000 0.0% $370,000 / Sq Ft
12/28/2018 12/28/18 For Sale $740,000 -- $370,000 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,855 $841,987 $568,911 $273,076
2025 $10,855 $825,478 $557,756 $267,722
2024 $10,687 $809,293 $546,820 $262,473
2023 $10,494 $793,426 $536,099 $257,327
2022 $10,035 $777,870 $525,588 $252,282
2021 $9,899 $762,619 $515,283 $247,336
2020 $10,050 $754,800 $510,000 $244,800
2019 $6,797 $498,564 $231,164 $267,400
2018 $6,689 $488,789 $226,632 $262,157
2016 $6,328 $469,811 $217,833 $251,978
2015 $6,245 $462,755 $214,561 $248,194
2014 $6,295 $453,692 $210,359 $243,333
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB19001853

California Regional Multiple Listing Service (CRMLS)
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