NOT LISTED FOR SALE

Estimated Value: $799,000 - $1,471,000

5 Beds
3 Baths
2,015 Sq Ft
$533/Sq Ft Est. Value

Last Sold November 21, 2018

Last sale price $850,000 $422 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $6,633/month

Highlights

  • Newly Remodeled
  • Wood Flooring
  • Laundry Room
  • Felicitas and Gonzalo Mendez High Rated A-
  • Recessed Lighting
  • Central Heating and Cooling System

About This Home

As of November 2018

Beautiful Craftsman style homes located in Boyle Heights. Front unit has been completely renovated while preserving it's original charm and back unit was built in 2018. The main house features a great floor plan with natural wood flooring, upgraded double pane windows, recessed lighting, new AC/Heating unit, dining area, laundry room, upstairs loft area, a beautiful kitchen with subway tile back splash, quartz countertops, new cabinets, spanish style flooring. Master bedroom includes a walk in closet with a master bathroom w/ double sinks. Second Unit features 2 bedrooms 1 bath which includes its own laundry room and newly built in 2018. This property is located only minutes away from Downtown LA, Dodger Stadium, Arts District and near all major highways.

Last Agent to Sell the Property

Mauricio Arevalo

RE/MAX One License #01895221 Listed on: 07/06/2018

RE/MAX One

Last Buyer's Agent

Marisol Grier

Coldwell Banker Residential Brokerage Company License #01950362

Coldwell Banker Residential Brokerage Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,509

Year Built

  • Built in 1901 | Newly Remodeled

Lot Details

  • 6,256 Sq Ft Lot
  • No Common Walls
  • Front Yard Sprinklers
  • Back and Front Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Interior Spaces

  • 2,015 Sq Ft Home
  • Recessed Lighting
  • Laundry Room

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 5180012011

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,300
  • New Taxes Expense $10,676
  • Operating Expense $11,976
  • Gross Income $72,000
  • Net Operating Income $60,024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,509

Year Built

Built in 1901 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • CapRate: 6.32
  • Other Phone Description: Mauricio
  • Other Phone Number: 8183123213
  • Property Attached: No
  • Zoning: LAR2
  • New Construction: Yes
  • Property Type: Residential Income
  • Parcel Number: 5180012011
  • Year Built: 1901
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Recessed Lighting
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Levels: Two
  • Price Per Square Foot: 421.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Sprinklers In Front
  • Lot Size Sq Ft: 6256.00
  • Lot Size Acres: 0.1436

Multi Family

  • Gross Operating Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 6256.0000 Square Feet
  • Net Operating Income: 60024.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 11976.00
  • Rent Control: No
  • Total Expenses: 11976.00

Tax Info

  • New Taxes Expense: 10676.00
  • Tax Lot: 10
  • Tax Tract Number: 0-004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2018
Closed on
Oct 22, 2018
Sold by
Hanaco Development Inc
Bought by
Anderson Heather
Seller's Agent
Mauricio Arevalo
RE/MAX One
Buyer's Agent
Marisol Grier
Coldwell Banker Residential Brokerage Company
List Price
$989,000
Sold Price
$850,000
Premium/Discount to List
-$139,000
-14.05%
Current Estimated Value
$1,073,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,296
Avg. Annual Appreciation
3.43%
Original Mortgage
$779,000
Outstanding Balance
$685,027
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$388,269

Purchase Details

Listed on
Dec 15, 2016
Closed on
May 23, 2017
Sold by
October Sky Llc
Bought by
Hanaco Developments Inc
Seller's Agent
Eddie Cortez
Monarch Real Estate Services
Buyer's Agent
Mauricio Arevalo
RE/MAX One
List Price
$385,000
Sold Price
$410,000
Premium/Discount to List
$25,000
6.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.10%

Purchase Details

Listed on
Dec 15, 2016
Closed on
Mar 28, 2017
Sold by
Sanchez Joe
Bought by
October Sky Llc
Seller's Agent
Eddie Cortez
Monarch Real Estate Services
Buyer's Agent
Mauricio Arevalo
RE/MAX One
List Price
$385,000
Sold Price
$410,000
Premium/Discount to List
$25,000
6.49%

Purchase Details

Closed on
Sep 23, 1994
Sold by
Avila Margaret Ann
Bought by
Avila Ramon G
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
Anderson Heather $850,000 Wfg National Title Company
Hanaco Developments Inc $500,000 Provident Title Company
October Sky Llc $410,000 Provident Title Company
Avila Ramon G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Heather $779,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2018 11/21/18 Sold $850,000 -14.1% $422 / Sq Ft
10/16/2018 10/16/18 Pending -- -- --
07/06/2018 07/06/18 For Sale $989,000 +141.2% $491 / Sq Ft
04/28/2017 04/28/17 Sold $410,000 0.0% $270 / Sq Ft View Prior Sale
12/21/2016 12/21/16 Pending -- -- --
12/20/2016 12/20/16 Off Market $410,000 -- --
12/15/2016 12/15/16 For Sale $385,000 -- $254 / 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 $11,509 $948,186 $501,981 $446,205
2024 $11,509 $929,595 $492,139 $437,456
2023 $11,288 $911,369 $482,490 $428,879
2022 $10,764 $893,500 $473,030 $420,470
2021 $10,629 $875,981 $463,755 $412,226
2020 $10,735 $867,000 $459,000 $408,000
2019 $10,312 $850,000 $450,000 $400,000
2018 $6,326 $510,000 $346,698 $163,302
2016 $831 $52,902 $27,445 $25,457
2015 $821 $52,108 $27,033 $25,075
2014 $834 $51,088 $26,504 $24,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18162858

California Regional Multiple Listing Service (CRMLS)

APN: 5180-012-011