NOT LISTED FOR SALE

2603 Griffin Ave Los Angeles, CA 90031

Lincoln Heights Neighborhood

Estimated Value: $1,084,000 - $1,691,000

9 Beds
6 Baths
3,848 Sq Ft
$334/Sq Ft Est. Value

Last Sold August 09, 2013

Last sale price $527,000 $137 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $7,821/month

About This Home

As of August 2013

***STANDARD SALE*** Excellent Opportunity to Purchase a Quadruplex Income Property in a Wonderful Quiet Neighborhood! ***Large Square Footage...county records shows 3848 sq ft on a 8309 sq ft Lot! ***One unit has been REMODELED w/ ***Brand New GRANITE! ***Brand New Appliances!!! ***Brand New Paint!! ***Brand New Carpet!! The other 3 units are rented for a total of $3150.00/month and the vacant unit is estimated to rent at $1400.00/ month for a total of $4550.00 or more each month for an ANNUAL est INCOME OF $54600.00 or More...Year After Year of steady income! Close to Great Schools & Parks!! Excellent freeway access for commuting. Quick Response to all offers. Hurry, will sell fast!***

Last Agent to Sell the Property

Rick Young

Young Estate Services License #01818513 Listed on: 08/12/2013

Last Buyer's Agent

Crystal Heatherly

Compass License #01474827

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,167

Year Built

  • Built in 1880

Lot Details

  • 8,309 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 4 Parking Spaces

Home Design

  • 3,848 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 5206008002

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,167

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5206008002
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 136.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Unknown

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8309.00
  • Lot Size Acres: 0.1910

Multi Family

  • Gross Income: 4550.00
  • Gross Scheduled Income: 54600.00
  • Lot Size Area: 8309.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Lot: 15
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2018
Sold by
Salins Natalie Myra and Salins Natalie
Bought by
Nmyras Properties Llc
Current Estimated Value
$1,243,324

Purchase Details

Listed on
Aug 12, 2013
Closed on
Jun 11, 2013
Sold by
Rancho Horizon Llc
Bought by
Sallas Natalie
Seller's Agent
Rick Young
Young Estate Services
Buyer's Agent
Crystal Heatherly
Compass
List Price
$639,000
Sold Price
$527,000
Premium/Discount to List
-$112,000
-17.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.64%
Original Mortgage
$395,250
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2013
Sold by
Nationstar Mortgage Llc
Bought by
Rancho Horizon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000,000
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 10, 2012
Sold by
Aurora Loan Services Llc
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Dec 8, 2011
Sold by
Prudencio Elena Margarita
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jan 26, 2007
Sold by
Balcarcel Mario Antonio
Bought by
Prudencio Elena Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2005
Sold by
Morales Mario
Bought by
Balcarcel Mario Antonio and Prudencio Elena Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,500
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2003
Sold by
Moy Oi Sau
Bought by
Morales Mario and Rodriguez Juana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2000
Sold by
Moy Oi Sau
Bought by
Moy Oi Sau and Oi Sau Moy Trust

Purchase Details

Closed on
Jul 8, 1998
Sold by
Moy Chung B
Bought by
Moy Oi Sau

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,200
Interest Rate
6.9%
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
Nmyras Properties Llc -- Accommodation
Sallas Natalie $527,000 Ticor Title Riverside
Rancho Horizon Llc $378,000 None Available
Nationstar Mortgage Llc -- None Available
Aurora Loan Services Llc $735,535 Accommodation
Prudencio Elena Margarita -- New Century Title Company
Balcarcel Mario Antonio $582,000 Southland Title
Morales Mario $335,000 Ctc
Moy Oi Sau -- --
Moy Oi Sau -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sallas Natalie $395,250
Previous Owner Rancho Horizon Llc $9,000,000
Previous Owner Prudencio Elena Margarita $616,000
Previous Owner Morales Mario $100,000
Previous Owner Balcarcel Mario Antonio $465,500
Previous Owner Morales Mario $268,000
Previous Owner Moy Oi Sau $139,200
Closed Balcarcel Mario Antonio $116,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2013 08/09/13 Sold $527,000 -17.5% $137 / Sq Ft
07/11/2013 07/11/13 For Sale $639,000 -- $166 / Sq Ft
06/10/2013 06/10/13 Pending -- -- --
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 $12,167 $968,264 $580,066 $388,198
2024 $12,167 $949,280 $568,693 $380,587
2023 $11,941 $930,668 $557,543 $373,125
2022 $11,404 $912,420 $546,611 $365,809
2021 $11,254 $894,531 $535,894 $358,637
2020 $11,361 $885,940 $530,400 $355,540
2019 $7,536 $579,706 $329,674 $250,032
2018 $7,352 $568,351 $323,210 $245,141
2016 $7,004 $545,725 $310,660 $235,065
2015 $6,908 $537,529 $305,994 $231,535
2014 -- $527,000 $300,000 $227,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Rick Young

    Young Estate Services

    Section Image
  • Crystal Heatherly

    Buyer's Agent in 2013

    Crystal Heatherly

    Compass

    (323) 363-9310

    14 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG13135572

California Regional Multiple Listing Service (CRMLS)

APN: 5206-008-002

California Los Angeles County Los Angeles 90031 Lincoln Heights

2603 Griffin Ave, Los Angeles, CA

This home is located at 2603 Griffin Ave, Los Angeles, CA 90031 since 12 August 2013 and is currently estimated at $1,283,911, approximately $333 per square foot. This property was built in 1880. 2603 Griffin Ave is a home located in Los Angeles County with nearby schools including Hillside Elementary, Florence Nightingale Middle, and Abraham Lincoln High School.

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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