NOT LISTED FOR SALE

Estimated Value: $782,000 - $934,000

4 Beds
4 Baths
2,288 Sq Ft
$380/Sq Ft Est. Value

Last Sold May 19, 2017

Last sale price $550,000 $240 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,212/month

151 Days on Market

Highlights

  • Property is near public transit
  • Abraham Lincoln High School Rated A-
  • Corner Lot

About This Home

As of May 2017

4 unit property is located on an entire city block in great location in El Sereno.  Each apartment has one bedroom and one bath and own garage space.  There is a lot of potential for future growth as an investment.  Seller is in the process of upgrading including painting the exterior.

Last Agent to Sell the Property

Stephanie Villavicencio

REALTY ONE GROUP MASTERS License #01320234 Listed on: 11/07/2016

REALTY ONE GROUP MASTERS

Last Buyer's Agent

Jimmy Mercado

NEXT Brokerage License #01385375

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 5,958 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 4 Car Garage

Home Design

  • 2,288 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 7972
  • Assessor Parcel Number 5209028020

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • Operating Expense $1,800
  • Net Operating Income $28,889

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 5209028020
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 240.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Near Public Transit
  • Lot Size Sq Ft: 5958.00

Multi Family

  • Gross Scheduled Income: 30689.00
  • Net Operating Income: 28889.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 1800.00
  • Rent Control: Yes
  • Total Expenses: 1800.00

Tax Info

  • Tax Census Tract: 1991.10
  • Tax Lot: 23
  • Tax Tract Number: 7972

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2016
Closed on
May 8, 2017
Sold by
Castilleja Jose
Bought by
Moore Allison
Seller's Agent
Stephanie Villavicencio
REALTY ONE GROUP MASTERS
Buyer's Agent
Jimmy Mercado
NEXT Brokerage
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$869,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,420
Avg. Annual Appreciation
5.43%
Original Mortgage
$540,038
Outstanding Balance
$426,776
Interest Rate
2.5%
Mortgage Type
FHA
Estimated Equity
$442,644

Purchase Details

Closed on
Sep 3, 2015
Sold by
Clemons William T
Bought by
Castilleja Jose

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
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2004
Sold by
Baker Charles
Bought by
Clemons William T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2003
Sold by
Baker Mary
Bought by
Baker Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2003
Sold by
Yen Tuck M and Yen Mei Kuen
Bought by
Baker Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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
Moore Allison $550,000 Chicago Title
Castilleja Jose $455,000 North American Title Company
Clemons William T $375,000 First American Title Co
Baker Charles -- Commerce Title
Baker Charles $296,000 Commerce Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Allison $540,038
Previous Owner Castilleja Jose $341,250
Previous Owner Clemons William T $375,000
Previous Owner Baker Charles $265,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/19/2017 05/19/17 Sold $550,000 0.0% $240 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
11/07/2016 11/07/16 For Sale $550,000 +20.9% $240 / Sq Ft
11/03/2015 11/03/15 Sold $455,000 -3.2% $199 / Sq Ft View Prior Sale
09/03/2015 09/03/15 Pending -- -- --
07/20/2015 07/20/15 For Sale $469,900 -- $205 / 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 $7,993 $638,318 $446,823 $191,495
2024 $7,993 $625,803 $438,062 $187,741
2023 $7,844 $613,533 $429,473 $184,060
2022 $7,489 $601,503 $421,052 $180,451
2021 $7,391 $589,710 $412,797 $176,913
2020 $7,462 $583,664 $408,565 $175,099
2019 $7,177 $572,220 $400,554 $171,666
2018 $7,047 $561,000 $392,700 $168,300
2016 $5,722 $455,000 $250,000 $205,000
2015 $5,587 $443,618 $236,595 $207,023
2014 $5,629 $434,929 $231,961 $202,968
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16742219

California Regional Multiple Listing Service (CRMLS)

APN: 5209-028-020