NOT LISTED FOR SALE

Estimated Value: $1,150,978

3 Beds
3 Baths
3,352 Sq Ft
$343/Sq Ft Est. Value

Last Sold February 04, 2016

Last sale price $680,000 $203 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $6,869/month

50 Days on Market

About This Home

As of February 2016

Located on the corner of 4th and Mott in Boyle Heights 2701 East 4th Street has a central location along with a solid, steady income stream from the stable long term tenants that are on the property. There are two commercial units facing 4th street. Directly behind the commercial units are four one bedroom, one bathroom units. The property is 100% occupied and has little to no turn over. Come and see what this fabulous property has to offer you!

Last Agent to Sell the Property

Giuseppe Napoli

Century 21 Masters License #01279689 Listed on: 12/08/2015

Century 21 Masters

Last Buyer's Agent

Giuseppe Napoli

Century 21 Masters License #01279689 Listed on: 12/08/2015

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Lot Details

  • 7,097 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Parking Spaces

Home Design

  • 3,352 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 2043
  • Assessor Parcel Number 5180013027

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $1,800
  • Water Sewer Expense $4,200
  • New Taxes Expense $8,625
  • Gross Income $5,550
  • Net Operating Income $50,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 4200.00
  • Property Type: Residential Income
  • Parcel Number: 5180013027
  • Year Built: 1899
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 202.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights, Urban

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7097.00
  • Price Per Lot Square Foot: 95.82
  • Lot Size Acres: 0.1630

Multi Family

  • Gross Income: 5550.00
  • Gross Scheduled Income: 66600.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7097.0000 Square Feet
  • Net Operating Income: 50200.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 16400.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 8625.00
  • Tax Lot: 12
  • Tax Tract Number: 2043

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2015
Closed on
Dec 31, 2015
Sold by
Aguilar Fortunata and Aguilar Sylvia
Bought by
Takeuchi Byron Tets
Seller's Agent
Giuseppe Napoli
Century 21 Masters
Buyer's Agent
Giuseppe Napoli
Century 21 Masters
List Price
$690,000
Sold Price
$680,000
Premium/Discount to List
-$10,000
-1.45%
Current Estimated Value
$1,150,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$470,978
Avg. Annual Appreciation
5.49%
Original Mortgage
$380,000
Outstanding Balance
$301,925
Interest Rate
3.93%
Mortgage Type
Commercial
Estimated Equity
$852,244

Purchase Details

Closed on
Jun 22, 2015
Sold by
Aguilar Luis Sanchez and Aguilar Fortunata
Bought by
Aguilar Fortunata

Purchase Details

Closed on
Aug 22, 2013
Sold by
Sanchez Luis Aguilar and Aguilar Fortunata A
Bought by
Aguilar Luis Sanchez and Aguilar Fortunata

Purchase Details

Closed on
Apr 25, 2005
Sold by
Linden David
Bought by
Aguilar Luis Sanchez and Aguilar Fortunata A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
5.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2004
Sold by
The Sanchez Family Trust
Bought by
Linden David

Purchase Details

Closed on
Feb 6, 2004
Sold by
Sanchez Sancion
Bought by
Sanchez Sancion and Sanchez Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Takeuchi Byron Tets $680,000 Fidelity Sherman Oaks
Aguilar Fortunata -- None Available
Aguilar Fortunata -- None Available
Aguilar Luis Sanchez -- None Available
Aguilar Luis Sanchez $530,000 --
Linden David $375,000 Fidelity National Title Comp
Sanchez Sancion -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Takeuchi Byron Tets $380,000
Previous Owner Aguilar Luis Sanchez $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2016 02/04/16 Sold $680,000 -1.4% $203 / Sq Ft
08/30/2015 08/30/15 Pending -- -- --
07/11/2015 07/11/15 For Sale $690,000 -- $206 / 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 $10,058 $804,974 $307,783 $497,191
2024 $10,058 $789,192 $301,749 $487,443
2023 $9,870 $773,719 $295,833 $477,886
2022 $9,423 $758,549 $290,033 $468,516
2021 $9,296 $743,677 $284,347 $459,330
2019 $9,025 $721,621 $275,914 $445,707
2018 $8,888 $707,472 $270,504 $436,968
2016 $7,665 $611,830 $242,422 $369,408
2015 $7,556 $602,641 $238,781 $363,860
2014 $7,586 $590,837 $234,104 $356,733
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR15159038

California Regional Multiple Listing Service (CRMLS)

APN: 5180-013-027