NOT LISTED FOR SALE

Estimated Value: $808,422 - $1,145,000

4 Beds
3 Baths
2,628 Sq Ft
$379/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $730,000 $278 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,260/month

373 Days on Market

Highlights

  • Property is near public transit
  • Bonus Room
  • No HOA
  • Wood Flooring
  • Lawn
  • Wood Frame Window

About This Home

As of July 2020

**SELLER VERY MOTIVATED -- REDUCED SALES PRICE TO GET SOLD!!! Two-Units. Midtown Los Angeles. East of Art District, North of Baldwin Hills, South of 10 Fwy, Between Fairfax & La Brea. *Front House: 3 Bedroom, 2 Bathroom, Living Room, Kitchen, Laundry Area, Front Porch. *Rear Upstairs Unit: 1 Bedroom, 1 Bath, Living Room, Kitchen, & Additional Room - can be used as office, storage, walk-in closet, etc. *NOTE: Two Units of living space, plus additional rear downstairs unit, useful for other purposes!
*ACTIVE ON THE MARKET AGAIN! *SEND AN OFFER FOR YOUR FULLY APPROVED BUYER!

Last Agent to Sell the Property

Dwayne Saunders

Century 21 Cornerstone License #01754222 Listed on: 06/01/2019

Century 21 Cornerstone

Last Buyer's Agent

Stephen Shiu

STEPHEN SHIU, BROKER License #01921212

STEPHEN SHIU, BROKER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,741

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 5,413 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Wrought Iron Fence
  • Block Wall Fence
  • Paved or Partially Paved Lot
  • Level Lot
  • Lawn
  • Front Yard
  • Density is 2-5 Units/Acre
  • On-Hand Building Permits

Parking

  • 1 Car Garage
  • 2 Carport Spaces
  • Parking Available

Home Design

  • Property Attached
  • Turnkey
  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Flat Roof Shape
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 2,628 Sq Ft Home
  • 2-Story Property
  • Wood Frame Window
  • Living Room
  • Bonus Room

Flooring

  • Wood
  • Carpet
  • Laminate
  • Concrete

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 84
  • Tax Tract Number 5565
  • Assessor Parcel Number 5048001048

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $725
  • Trash Expense $300
  • Water Sewer Expense $1,650
  • Operating Expense $3,275
  • Gross Income $37,728
  • Net Operating Income $34,453

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,741

Year Built

Built in 1928 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1650.00
  • Zoning: LARD1.5
  • Property Condition: Additions/Alterations, Building Permit, Repairs Cosmetic, Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5048001048
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Concrete, Laminate, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 277.78
  • Room Type: Bonus Room, Kitchen, Living Room
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Raised, Slab
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Flat
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Electric: Electricity - On Property, Standard
  • Heating Type: Floor Furnace, Wall Furnace, Natural Gas
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Cul-De-Sac, Front Yard, Lawn, Level with Street, Near Public Transit, Paved
  • Lot Size Sq Ft: 5413.00
  • Lot Size Acres: 0.1243

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 37728.00
  • Gross Scheduled Income: 37728.00
  • Insurance Expense: 725.00
  • Lot Size Area: 5413.0000 Square Feet
  • Net Operating Income: 34453.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Patio: 2
  • Operating Expense: 3275.00
  • Rent Control: Yes
  • Total Expenses: 3275.00

Tax Info

  • Tax Census Tract: 2199.02
  • Tax Lot: 84
  • Tax Tract Number: 5565

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2019
Closed on
Jul 13, 2020
Sold by
Rodriques Ansel B and Rodriques Ansel B
Bought by
Fung Alan and Tam Joyce
Seller's Agent
Dwayne Saunders
Century 21 Cornerstone
Buyer's Agent
Stephen Shiu
STEPHEN SHIU, BROKER
List Price
$785,000
Sold Price
$730,000
Premium/Discount to List
-$55,000
-7.01%
Current Estimated Value
$995,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,159
Avg. Annual Appreciation
6.36%
Original Mortgage
$584,000
Outstanding Balance
$520,156
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$475,950

Purchase Details

Closed on
Jun 22, 2017
Sold by
Rodriques Ansel
Bought by
Rodriques Rodriques Ansel B Ansel B and Rodriques Ansel B

Purchase Details

Closed on
Sep 28, 2006
Sold by
Rodriques Ansel B and The Ansel B Rodriques & Lucill
Bought by
Rodriques Ansel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2005
Sold by
Rodriques Ansel B
Bought by
Rodriques Ansel B and The Ansel B Rodriques & Lucill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,000
Interest Rate
8.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2001
Sold by
Rodriques Ansel and Rodriques Lucille
Bought by
Rodriques Ansel B and The Ansel B & Lucille Rodrique

Purchase Details

Closed on
Nov 17, 1994
Sold by
Rodriques Ansel and Rodriques Lucille
Bought by
Rodriques Ansel and Rodriques Lucille

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
8.5%
Source: Public Records

Range of Values:

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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
Fung Alan $730,000 Orange Coast Title Company
Rodriques Rodriques Ansel B Ansel B -- Accommodation
Rodriques Ansel B -- Fidelity National Title Co
Rodriques Ansel B -- --
Rodriques Ansel B -- --
Rodriques Ansel B -- --
Rodriques Ansel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fung Alan $584,000
Previous Owner Rodriques Ansel B $50,000
Previous Owner Rodriques Ansel B $400,000
Previous Owner Rodriques Ansel B $50,000
Previous Owner Rodriques Ansel B $257,000
Previous Owner Rodriques Ansel $173,044
Previous Owner Rodriques Ansel $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $730,000 -5.1% $278 / Sq Ft
06/08/2020 06/08/20 Pending -- -- --
05/16/2020 05/16/20 Price Changed $768,888 -2.1% $293 / Sq Ft
06/01/2019 06/01/19 For Sale $785,000 -- $299 / 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 $9,741 $790,174 $627,810 $162,364
2024 $9,741 $774,681 $615,500 $159,181
2023 $9,560 $759,492 $603,432 $156,060
2022 $9,127 $744,600 $591,600 $153,000
2021 $9,005 $730,000 $580,000 $150,000
2020 $4,565 $345,188 $192,953 $152,235
2019 $4,397 $338,420 $189,170 $149,250
2018 $4,288 $331,785 $185,461 $146,324
2016 $4,081 $318,903 $178,260 $140,643
2015 $4,025 $314,114 $175,583 $138,531
2014 $4,058 $307,962 $172,144 $135,818
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19111943

California Regional Multiple Listing Service (CRMLS)

APN: 5048-001-048