NOT LISTED FOR SALE

244 W 59th Place Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $724,000 - $915,877

5 Beds
3 Baths
2,082 Sq Ft
$382/Sq Ft Est. Value

Last Sold February 03, 2016

Last sale price $420,000 $202 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $4,679/month

111 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • Front Yard
  • Laundry Room

About This Home

As of February 2016

STANDARD SALE....Nice two on a lot. Front unit is a 4 bedroom 2 bath home in good condition(per seller). Which currently split up as a Two - 2 bedroom units, currently receiving $1450 & $750 rent total of $2200 for front building. ( Owner said covered hallway door leading to the back bedrooms to separate and added an interior wall to the back-Seller pays light & gas front building only) The Rear unit is of newer construction built in 2005 (as per seller) it is a two story one bedroom unit with a 2 car garage. Renting for $974/mo. ( unit on top of the garage). The property is well maintained. Features plenty of parking inside of driveway and two car garage in rear. Property is located in rent control, buyer to investigate and satisfy themselves as to the rights and responsibilities of the rent control ordinance. All information deemed reliable, but no guarantees given. buyer to investigate square feet lot size etc..

Last Agent to Sell the Property

Louie Olvera

Homequest Real Estate License #01024643 Listed on: 08/26/2015

Homequest Real Estate

Last Buyer's Agent

Alison Betts

Douglas Elliman of California, Inc. License #01392565

Douglas Elliman of California, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,144

Year Built

  • Built in 1915

Lot Details

  • 5,441 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 2,082 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 56
  • Tax Tract Number 56
  • Assessor Parcel Number 6005014011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,144

Year Built

Built in 1915

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 6005014011
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 201.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, In Kitchen
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5441.00
  • Price Per Lot Square Foot: 77.19
  • Lot Size Acres: 0.1250

Multi Family

  • Lot Size Area: 5441.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Actual Rent: 3175.00

Tax Info

  • Tax Lot: 56
  • Tax Tract Number: Lot 56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2015
Closed on
Dec 21, 2015
Sold by
Ortega Gildardo and Ramirez Ortega Nancy
Bought by
Ramirez Ortega Nancy
Seller's Agent
Louie Olvera
Homequest Real Estate
Buyer's Agent
Alison Betts
Douglas Elliman of California, Inc.
List Price
$414,900
Sold Price
$420,000
Premium/Discount to List
$5,100
1.23%
Current Estimated Value
$795,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,969
Avg. Annual Appreciation
6.79%
Original Mortgage
$412,392
Outstanding Balance
$323,385
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$472,584

Purchase Details

Listed on
Aug 26, 2015
Closed on
Dec 18, 2015
Sold by
Ramirez Rafael and Clemente Maria Luisa
Bought by
Ramirez Juan Jose
Seller's Agent
Louie Olvera
Homequest Real Estate
Buyer's Agent
Alison Betts
Douglas Elliman of California, Inc.
List Price
$414,900
Sold Price
$420,000
Premium/Discount to List
$5,100
1.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,392
Outstanding Balance
$323,385
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$472,584

Purchase Details

Closed on
Mar 29, 1999
Sold by
Building On Sobreity Inc
Bought by
Ramirez Rafael and Ramirez Maria Luisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,247
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 2, 1999
Sold by
Hud
Bought by
Building On Sobriety Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,247
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 15, 1998
Sold by
Homeside Lending Inc
Bought by
Hud

Purchase Details

Closed on
May 21, 1998
Sold by
Arevalo Afani A
Bought by
Homeside Lending Inc

Purchase Details

Closed on
Sep 6, 1996
Sold by
Gonzalez Jony Rene
Bought by
Arevalo Afani A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,822
Interest Rate
8.14%
Mortgage Type
FHA

Purchase Details

Closed on
May 24, 1996
Sold by
Harper Paul H
Bought by
Gonzalez Jony Rene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.23%
Mortgage Type
Seller Take Back
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
Ramirez Ortega Nancy -- Chicago Title
Ramirez Juan Jose $420,000 Chicago Title
Ramirez Rafael $92,000 --
Building On Sobriety Inc $47,500 Provident Title
Hud -- --
Homeside Lending Inc $154,118 Fidelity National Title Ins
Arevalo Afani A $145,000 Benefit Land Title Company
Gonzalez Jony Rene $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Juan Jose $412,392
Previous Owner Ramirez Rafael $91,247
Previous Owner Building On Sobriety Inc $56,000
Previous Owner Arevalo Afani A $142,822
Previous Owner Gonzalez Jony Rene $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2016 02/03/16 Sold $420,000 +1.2% $202 / Sq Ft
12/15/2015 12/15/15 Pending -- -- --
08/26/2015 08/26/15 For Sale $414,900 -- $199 / 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 $6,144 $497,189 $201,242 $295,947
2024 $6,144 $487,442 $197,297 $290,145
2023 $6,028 $477,885 $193,429 $284,456
2022 $5,753 $468,516 $189,637 $278,879
2021 $5,674 $459,330 $185,919 $273,411
2020 $5,726 $454,621 $184,013 $270,608
2019 $5,506 $445,707 $180,405 $265,302
2018 $5,402 $436,968 $176,868 $260,100
2016 $2,829 $218,475 $94,019 $124,456
2015 $2,790 $215,194 $92,607 $122,587
2014 $2,812 $210,979 $90,793 $120,186
Source: Public Records

Agents Affiliated with this Home

  • Louie Olvera

    Seller's Agent in 2016

    Louie Olvera

    Homequest Real Estate

    (562) 206-1527

    5 Total Sales

    Louie Olvera
    Section Image
  • Alison Betts

    Buyer's Agent in 2016

    Alison Betts

    Douglas Elliman of California, Inc.

    (323) 309-3976

    20 Total Sales

    Alison Betts
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15191327

California Regional Multiple Listing Service (CRMLS)

APN: 6005-014-011

California Los Angeles County Los Angeles 90003 Florence

244 W 59th Place, Los Angeles, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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