NOT LISTED FOR SALE

Estimated Value: $814,000 - $1,093,624

6 Beds
2 Baths
1,667 Sq Ft
$553/Sq Ft Est. Value

Last Sold April 08, 2013

Last sale price $321,200 $193 Per Sq Ft

Est. 187% increase in value since last sale

Current estimated payment $5,578/month

13 Days on Market

Highlights

  • Traditional Architecture
  • Tile Countertops
  • South Facing Home
  • 2 Car Detached Garage
  • Tile Flooring
  • 1-Story Property

About This Home

As of April 2013

**Multiple Offers have been received. Best and Final offer due by Monday March 18th at 9am** Traditional style 2 on a lot duplex. Property offers potential on becoming rental producers and have lots of potential. Each unit offers 3 spacious bedrooms, living room with dining area, open kitchen and full bathroom. Plenty of parking space and located within minutes from USC and upcoming Downtown LA Live. Bank Owned Foreclosure being sold in its present As-Is condition. Information herein is not confirmed by Listing Broker & it is Buyer's responsibility to verify & rely on their own findings. Agents are required to accompany all clients when viewing properties & accept responsibility for safety & well-being of clients at all times. All Buyers must view property before submitting offer. REALTORS MUST READ PRIVATE REMARKS BEFORE SUBMITTING OFFER!

Last Agent to Sell the Property

Elmon Leggett

Realty Excel License #00883565 Listed on: 03/12/2013

Last Buyer's Agent

Jason Lee

Team Spirit Realty License #01845646

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,991

Year Built

  • Built in 1931

Lot Details

  • 4,477 Sq Ft Lot
  • South Facing Home

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Stucco

Interior Spaces

  • 1,667 Sq Ft Home
  • 1-Story Property
  • Tile Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Utilities

  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5044-022-024

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Realty Excel Association

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,991

Year Built

Built in 1931

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Living Room
  • Living Area: 1667
  • Property Condition: Fixer, Repair Cosmetic
  • Stories: 1
  • Year Built: 1931
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Mixed, Tile
  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Tile Counters
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 192.11

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Garage Structures: 1
  • Parking Garage: Detached, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Sewer: In Street
  • Water Heaters: Yes

Condo/Co-op/Association

  • Management Company: Realty Excel
  • Mgmt Co Phone: 323-334-2000

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Value: 0
  • Assessed Land Percent: 0
  • Assessed Land Value: 0
  • Total Assessed Value: 0
  • Assessor Parcel Number: 5044-022-024
  • Geocode Override: No
  • Lot Size Area: 4477

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Rent Control: 100%
  • Total Annual Expense: 0
  • Type Of Units: 2 on A Lot
  • Vacancy Rate: 100%

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2020
Sold by
1504 Avenida Selva Inc
Bought by
Lykes Esther
Current Estimated Value
$921,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,132
Outstanding Balance
$525,438
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$406,631

Purchase Details

Closed on
Nov 12, 2020
Sold by
Mcdougald Charles B
Bought by
Lykes Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,132
Outstanding Balance
$525,438
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$406,631

Purchase Details

Listed on
Mar 12, 2013
Closed on
Apr 1, 2013
Sold by
Wells Fargo Bank Na
Bought by
1504 Avenida Selva Inc
Seller's Agent
Elmon Leggett
Realty Excel
Buyer's Agent
Jason Lee
Team Spirit Realty
List Price
$320,250
Sold Price
$321,200
Premium/Discount to List
$950
0.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.93%

Purchase Details

Closed on
Aug 13, 2012
Sold by
Stanley Andrea
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Oct 12, 2006
Sold by
Hamilton Arlett
Bought by
Stanley Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,750
Interest Rate
8.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 15, 2006
Sold by
Jehovahs Witness Degnan Congregation
Bought by
Hamilton Arlett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.83%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 8, 1998
Sold by
Mildred L Collins Living Trust and Shirlee
Bought by
Jehovahs Witness Degnan Congregation

Purchase Details

Closed on
Jan 28, 1995
Sold by
Collins Mildred L
Bought by
Collins Mildred L and The Mildred L Collins Living T
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
Lykes Esther $600,000 First American Title Company
Lykes Esther -- First American Title Company
1504 Avenida Selva Inc $321,500 Ticor Title Riverside
Wells Fargo Bank Na $587,825 Service Link
Stanley Andrea $605,000 Commonwealth Land Title Co
Hamilton Arlett $400,000 Commonwealth Land Title Co
Jehovahs Witness Degnan Congregation -- --
Collins Mildred L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lykes Esther Jeung-Mi $74,600
Open Lykes Esther $589,132
Previous Owner Stanley Andrea $453,750
Previous Owner Hamilton Arlett $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2013 04/08/13 Sold $321,200 +0.3% $193 / Sq Ft
03/25/2013 03/25/13 Pending -- -- --
03/12/2013 03/12/13 For Sale $320,250 -- $192 / Sq Ft
Source: The MLS

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 $7,991 $649,456 $389,674 $259,782
2024 $7,991 $636,723 $382,034 $254,689
2023 $7,843 $624,240 $374,544 $249,696
2022 $7,487 $612,000 $367,200 $244,800
2021 $7,390 $600,000 $360,000 $240,000
2020 $4,674 $361,435 $248,839 $112,596
2019 $4,498 $354,349 $243,960 $110,389
2018 $4,426 $347,402 $239,177 $108,225
2016 $4,226 $333,914 $229,891 $104,023
2015 $4,167 $328,899 $226,438 $102,461
2014 $4,193 $322,457 $222,003 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-657315

The MLS

APN: 5044-022-024