NOT LISTED FOR SALE

Estimated Value: $1,155,383 - $1,525,000

9 Beds
7 Baths
3,236 Sq Ft
$414/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $1,235,000 $382 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $8,448/month

63 Days on Market

Highlights

  • Laundry Room
  • Abraham Lincoln High School Rated A
  • 5-minute walk to Hazard Recreation Center

About This Home

As of June 2022

Great Investment opportunity!!! Fully occupied 7 unit residential income property. Conveniently located near USC County Hospital, the property is located in the neighborhood of Boyle Heights/Ramona Gardens. The property consists of Five - 1-bedroom/1-bath and Two 2-bedroom/1-bath. Some units have upgraded vinyl plank flooring. All units have separate meters for Gas and Electricity. Each unit have their private yards with its own front and rear access. Long term tenants.javascript:__doPostBack('m_lbSubmit','')

Last Agent to Sell the Property

Raymond Zhao

RED DRAGON REALTY CORP. License #01750159 Listed on: 02/03/2022

Last Buyer's Agent

Toi Cha-Umpluke

RE Counselors Inc License #01113616

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,116

Year Built

  • Built in 1924

Lot Details

  • 8,306 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Home Design

  • 3,236 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 13 / 17
  • Tax Tract Number 2031
  • Assessor Parcel Number 5202014013
  • $966 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 7 Units

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $6,000
  • Operating Expense $7,200
  • Gross Income $84,816
  • Net Operating Income $77,616

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,116

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Price Per Unit: 170714
  • Property Attached: Yes
  • Water Sewer Expenses: 6000.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5202014013
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 381.64

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8306.00
  • Lot Size Acres: 0.1907

Multi Family

  • Gross Income: 84816.00
  • Gross Scheduled Income: 7068.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8306.0000 Square Feet
  • Net Operating Income: 77616.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 7200.00
  • Rent Control: Yes
  • Total Expenses: 7200.00

Tax Info

  • Tax Block: 17
  • Tax Census Tract: 2031.00
  • Tax Lot: 13
  • Tax Tract Number: 2031
  • TaxOtherAnnualAssessmentAmount: 966.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2022
Closed on
Jun 28, 2022
Sold by
Jie Wu and Jie Pei
Bought by
Lim Matthew Ek and Lam Muoi Y
Seller's Agent
Raymond Zhao
RED DRAGON REALTY CORP.
Buyer's Agent
Toi Cha-Umpluke
RE Counselors Inc
List Price
$1,195,000
Sold Price
$1,235,000
Premium/Discount to List
$40,000
3.35%
Current Estimated Value
$1,340,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,192
Avg. Annual Appreciation
2.55%
Original Mortgage
$926,250
Outstanding Balance
$902,688
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$437,504

Purchase Details

Listed on
Dec 19, 2013
Closed on
Jan 6, 2014
Sold by
Pelayo Leonel and Iyami Mike
Bought by
Wu Robert and Ma Pei Jie
Seller's Agent
Mike Iryami
BRC Advisors- BH
Buyer's Agent
RAYMOND ZHAO
List Price
$595,000
Sold Price
$573,500
Premium/Discount to List
-$21,500
-3.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.54%

Purchase Details

Closed on
Nov 29, 2012
Sold by
Pelayo Roxana
Bought by
Pelayo Leonel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
3.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2012
Sold by
Real Victor R and Real Nancy D
Bought by
Pelayo Leonel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
3.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 29, 2005
Sold by
Real Victor R and Real Nancy D
Bought by
Real Victor R and Real Nancy D

Purchase Details

Closed on
Feb 2, 2005
Sold by
Mcdonald Ronald Carl and Mcdonald David Michael
Bought by
Real Victor R and Real Nancy D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,000
Interest Rate
5.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lim Matthew Ek $1,235,000 Western Resources Title
Wu Robert $573,500 Ticor Title Company
Pelayo Leonel -- None Available
Pelayo Leonel $385,000 Ticor
Real Victor R -- --
Real Victor R $598,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lim Matthew Ek $926,250
Previous Owner Pelayo Leonel $308,000
Previous Owner Real Victor R $419,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2022 06/30/22 Sold $1,235,000 +3.3% $382 / Sq Ft
04/07/2022 04/07/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $1,195,000 0.0% $369 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $1,195,000 +108.4% $369 / Sq Ft
01/29/2014 01/29/14 Sold $573,500 -3.6% $177 / Sq Ft View Prior Sale
01/06/2014 01/06/14 Pending -- -- --
12/19/2013 12/19/13 For Sale $595,000 -- $184 / 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 $16,116 $1,284,894 $972,774 $312,120
2024 $16,116 $1,259,700 $953,700 $306,000
2023 $15,816 $1,235,000 $935,000 $300,000
2022 $8,717 $662,474 $427,404 $235,070
2021 $8,604 $649,485 $419,024 $230,461
2020 $8,681 $642,826 $414,728 $228,098
2019 $8,367 $630,223 $406,597 $223,626
2018 $8,266 $617,867 $398,625 $219,242
2016 $7,856 $593,877 $383,147 $210,730
2015 $7,751 $584,957 $377,392 $207,565
2014 $6,829 $492,224 $368,666 $123,558
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22021704

California Regional Multiple Listing Service (CRMLS)

APN: 5202-014-013