NOT LISTED FOR SALE

2623 Jeffries Ave Los Angeles, CA 90065

Cypress Park Neighborhood

Estimated Value: $1,192,245 - $1,334,000

8 Beds
4 Baths
3,600 Sq Ft
$356/Sq Ft Est. Value

Last Sold November 30, 2012

Last sale price $469,000 $130 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $7,400/month

105 Days on Market

About This Home

As of November 2012

This property consists of 1 building of 2 stories. Built in 1916, property is subject to rent control and has passed all inspections. All units are 2 bedrooms with 1 bath and owner says they good condition. Owner has spent money several years ago to have the property separately metered for water. Property is always full. Owner has kept rent low which leaves upside for new owner to increase over time. Do not walk on property or disturb tenants. Located close to 110 and 5 freeway with easy access. Minutes from Downtown LA, Pasadena, and Glendale. Plenty of parking for tenants on the property and street parking.

Last Agent to Sell the Property

Kuan Sung

RE/MAX 2000 REALTY License #00970799 Listed on: 03/30/2012

RE/MAX 2000 REALTY

Co-Listed By

Carlos Skubacz

RE/MAX 2000 Realty License #01474295

Last Buyer's Agent

Gilbert Ceballos

FENG SHUI INVESTMENTS License #01270650

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,458

Year Built

  • Built in 1916

Lot Details

  • 7,088 Sq Ft Lot

Home Design

  • 3,600 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Parking Available
  • Unassigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 6
  • Tax Tract Number 6
  • Assessor Parcel Number 5446012007

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,200
  • Maintenance Expense $2,000
  • Professional Management Expense $2,076
  • New Taxes Expense $5,956
  • Gross Income $3,460
  • Net Operating Income $29,122

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,458

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.21
  • Other Phone Description: Carlos Skubacz
  • Other Phone Number: 714-290-0936
  • Professional Management Expense: 2076.00
  • Property Type: Residential Income
  • Parcel Number: 5446012007
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 130.28

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 6.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7088.00
  • Lot Size Acres: 0.1630

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Average2 Bed Area: 900
  • Gross Income: 3460.00
  • Gross Multiplier: 11.30
  • Gross Scheduled Income: 41520.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7088.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 29122.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 11232.00
  • Rent Control: Yes
  • Total Actual Rent: 3460.00
  • Vacancy Allowance: 1166
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 5956.00
  • Tax Lot: 6
  • Tax Tract Number: 6
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2012
Closed on
Oct 22, 2012
Sold by
Moy Oi Sau
Bought by
Lee Tae H and Park Hyun L
Seller's Agent
Kuan Sung
RE/MAX 2000 REALTY
Buyer's Agent
Gilbert Ceballos
FENG SHUI INVESTMENTS
List Price
$469,000
Sold Price
$469,000
Current Estimated Value
$1,238,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$769,073
Avg. Annual Appreciation
8.23%
Original Mortgage
$330,000
Outstanding Balance
$228,205
Interest Rate
3.33%
Mortgage Type
New Conventional
Estimated Equity
$1,051,606

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
Sep 2, 1998
Sold by
Huang Jing Luo
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
$136,000
Interest Rate
6.9%

Purchase Details

Closed on
Jul 16, 1998
Sold by
Moy Chung Burn
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
$136,000
Interest Rate
6.9%
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
Lee Tae H $469,000 First American Title Company
Moy Oi Sau -- --
Moy Oi Sau -- --
Moy Oi Sau -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Tae H $330,000
Previous Owner Moy Oi Sau $350,000
Previous Owner Moy Oi Sau $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2012 11/30/12 Sold $469,000 0.0% $130 / Sq Ft
07/13/2012 07/13/12 Pending -- -- --
03/30/2012 03/30/12 For Sale $469,000 -- $130 / 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 $7,458 $577,528 $369,423 $208,105
2024 $7,458 $566,205 $362,180 $204,025
2023 $7,320 $555,104 $355,079 $200,025
2022 $6,992 $544,220 $348,117 $196,103
2021 $6,890 $533,550 $341,292 $192,258
2019 $6,691 $517,726 $331,170 $186,556
2018 $6,522 $507,576 $324,677 $182,899
2016 $6,206 $487,868 $312,070 $175,798
2015 $6,119 $480,541 $307,383 $173,158
2014 $6,162 $471,129 $301,362 $169,767
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2012

    Kuan Sung

    RE/MAX

    Section Image

  • C

    Seller Co-Listing Agent in 2012

    Carlos Skubacz

    RE/MAX 2000 Realty

  • G

    Buyer's Agent in 2012

    Gilbert Ceballos

    FENG SHUI INVESTMENTS

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: C12041179

California Regional Multiple Listing Service (CRMLS)

APN: 5446-012-007

California Los Angeles County Los Angeles 90065 Cypress Park

2623 Jeffries Ave, Los Angeles, CA

This home is located at 2623 Jeffries Ave, Los Angeles, CA 90065 since 30 March 2012 and is currently estimated at $1,279,811, approximately $355 per square foot. This property was built in 1916. 2623 Jeffries Ave is a home located in Los Angeles County with nearby schools including Loreto Street Elementary School, Florence Nightingale Middle, and Benjamin Franklin 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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