NOT LISTED FOR SALE

2617 Arthur St Los Angeles, CA 90065

Glassell Park Neighborhood

Estimated Value: $986,000 - $1,377,000

5 Beds
3 Baths
1,893 Sq Ft
$629/Sq Ft Est. Value

Last Sold October 27, 2016

Last sale price $705,000 $372 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $7,169/month

21 Days on Market

Highlights

  • Family Room with Fireplace
  • Main Floor Bedroom
  • ADA Compliant
  • Eagle Rock High School Rated A
  • Front Porch

About This Home

As of October 2016

High return investment property!!! Units reside on 2 separate streets with separate addresses, 2617 Arthur St and 2618 Ave 34th St. Perfect for living one and rent the other to pay for the mortgage or high gross rent from both units. Property on Arthur has 2 bedrooms with an office (currently used as a 3rd bedroom) and 1 bath; Property on Ave34 has 3 bedrooms and 2 baths. Both units are occupied with long term tenants. Well maintained units with higher rent potential on these quiet streets. Drive by only. Interior inspection is upon acceptance of an offer. The first unit is 793 sq ft and the second one is 1120 sq ft. Total interior is 1893 sqft.

Last Agent to Sell the Property

Sue Trainoff

Stanford Raffles Realty, Inc. License #01794466 Listed on: 06/27/2016

Last Buyer's Agent

Sara Skelton

eXp Realty of California Inc License #01963998

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,863

Year Built

  • Built in 1920

Lot Details

  • 5,199

Interior Spaces

  • 1,893 Sq Ft Home
  • Family Room with Fireplace
  • Oven or Range
  • Stacked Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Heating System Uses Natural Gas
  • Water Heater

Additional Features

  • ADA Compliant
  • Front Porch
  • 5,199 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • The owner pays for gardener
  • Assessor Parcel Number 5460-008-010

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,863

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • ADA Compliant: Yes
  • Alley: No
  • Living Area: 1893
  • Year Built: 1920
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace Rooms: Family Room
  • Bedrooms: 5
  • Bedroom Features: Main Floor Bedroom
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Range/Oven, Stackable W/D Hookup
  • Price Per S Q F T: 388.75

Exterior Features

  • Construction: Concrete, Hard Coat
  • Tennis Court Y/N: No
  • Patio: Porch - Front
  • Paved: Yes
  • Pool: No
  • View: No

Garage/Parking

  • Carport Spaces: 2
  • Other Spaces: 2
  • Parking Garage: Carport
  • Total Parking: 2

Utilities

  • Water Heater: Water Heater Unit
  • Heating: Natural Gas
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 2
  • Water: Meter on Property
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Value: 81968
  • Assessed Land Value: 204922
  • Assessor Parcel Number: 5460-008-010
  • Geocode Override: No
  • Lot Size Area: 5199

Rental Info

  • Total Actual Rent: 44400.00
  • Land Lease Type: Fee
  • Lease Per Month Year: Month
  • Owner Pays: Gardener
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 6.03
  • Number Of Units: 2
  • Total Annual Expense: 2000
  • Type Of Units: contemporary
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2016
Closed on
Oct 6, 2016
Sold by
T & L Equity Llc
Bought by
Banka Saravar
Seller's Agent
Sue Trainoff
Stanford Raffles Realty, Inc.
Buyer's Agent
Sara Skelton
eXp Realty of California Inc
List Price
$735,900
Sold Price
$705,000
Premium/Discount to List
-$30,900
-4.2%
Current Estimated Value
$1,191,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,308
Avg. Annual Appreciation
5.76%
Original Mortgage
$564,000
Outstanding Balance
$454,008
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$705,595

Purchase Details

Closed on
Dec 7, 2013
Sold by
Trainoff Mark A and Trainoff Sue
Bought by
T & L Equity Llc

Purchase Details

Listed on
Nov 29, 2012
Closed on
Feb 22, 2013
Sold by
Robles Jose Pena and Robles Rita
Bought by
Trainoff Mark A and Trainoff Sue
Seller's Agent
Carlos Barrios
Continental Pacific Realty
Buyer's Agent
Armando Gonzalez
Pacific Properties Realty
List Price
$298,000
Sold Price
$280,000
Premium/Discount to List
-$18,000
-6.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.04%

Purchase Details

Closed on
Feb 11, 2005
Sold by
Aldana Gustavo
Bought by
Robles Jose Pena and Robles Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2004
Sold by
Aldana Gustavo and Aldana Cindy B
Bought by
Aldana Gustavo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2004
Sold by
Preciado Antonio and Preciado Livier
Bought by
Aldana Gustavo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
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
Banka Saravar $705,000 None Available
T & L Equity Llc -- Accommodation
Trainoff Mark A $280,000 Provident Title Company
Robles Jose Pena $550,000 First American Title Company
Aldana Gustavo -- Landsafe Title
Aldana Gustavo $350,000 Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banka Saravar $564,000
Previous Owner Robles Jose $84,000
Previous Owner Robles Jose Pena $549,000
Previous Owner Robles Jose Pena $440,000
Previous Owner Aldana Gustavo $350,000
Previous Owner Preciado Antonio $155,000
Previous Owner Preciado Antonio $154,000
Closed Robles Jose Pena $82,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2016 10/27/16 Sold $705,000 -4.2% $372 / Sq Ft
07/18/2016 07/18/16 Pending -- -- --
06/27/2016 06/27/16 For Sale $735,900 +162.8% $389 / Sq Ft
03/20/2013 03/20/13 Sold $280,000 -6.0% $146 / Sq Ft
12/03/2012 12/03/12 Pending -- -- --
11/29/2012 11/29/12 For Sale $298,000 -- $156 / 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 $9,863 $818,207 $470,034 $348,173
2024 $9,863 $802,165 $460,818 $341,347
2023 $9,672 $786,437 $451,783 $334,654
2022 $9,222 $771,018 $442,925 $328,093
2021 $9,104 $755,901 $434,241 $321,660
2020 $9,194 $748,151 $429,789 $318,362
2019 $8,830 $733,482 $421,362 $312,120
2018 $8,713 $719,100 $413,100 $306,000
2016 $3,635 $291,265 $208,047 $83,218
2015 $3,583 $286,890 $204,922 $81,968
2014 $3,607 $380,000 $260,000 $120,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Sue Trainoff

    Stanford Raffles Realty, Inc.

  • Sara Skelton

    Buyer's Agent in 2016

    Sara Skelton

    eXp Realty of California Inc

    (323) 533-9139

    12 Total Sales

    Sara Skelton
    Section Image

  • C

    Seller's Agent in 2013

    Carlos Barrios

    Continental Pacific Realty

    Section Image

  • A

    Buyer's Agent in 2013

    Armando Gonzalez

    Pacific Properties Realty

See All Agents

Map

Source: The MLS

MLS Number: 16-137740

The MLS

APN: 5460-008-010

California Los Angeles County Los Angeles 90065 Glassell Park

2617 Arthur St, Los Angeles, CA

This home is located at 2617 Arthur St, Los Angeles, CA 90065 since 27 June 2016 and is currently estimated at $1,191,308, approximately $629 per square foot. This property was built in 1920. 2617 Arthur St is a home located in Los Angeles County with nearby schools including Glassell Park Elementary, Fletcher Drive Elementary School, and Irving STEAM Magnet School.

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