NOT LISTED FOR SALE

2703 Montecito St Unit 1 Los Angeles, CA 90031

Lincoln Heights Neighborhood

Estimated Value: $733,000 - $1,001,000

2 Beds
2 Baths
1,320 Sq Ft
$629/Sq Ft Est. Value

Last Sold June 25, 2012

Last sale price $167,500 $127 Per Sq Ft

Est. 386% increase in value since last sale

Current estimated payment $4,852/month

122 Days on Market

Highlights

  • Traditional Architecture
  • Abraham Lincoln High School Rated A
  • Galley Kitchen

About This Home

As of June 2012

Investment Duplex Located in Montecito Heights. Unit # 1 (Upper Unit) Features 1+1, Galley Kitchen, Formal Dining Room, Laundry Room, & Balcony. Unit # 2 ( Lower Unit) Features 2 Bedrooms, 1 Bath, Walk-In Closet, Galley Kitchen, Laundry Room, and Patio. Fix and Save, Great Owner User!!

Last Agent to Sell the Property

Fran H. Chavez

Christie's International Real Estate SoCal License #01013357 Listed on: 01/17/2012

Last Buyer's Agent

Fran H. Chavez

Christie's International Real Estate SoCal License #01013357 Listed on: 01/17/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,999

Year Built

  • Built in 1925

Lot Details

  • 2,004

Home Design

  • 1,320 Sq Ft Home
  • Traditional Architecture

Additional Features

  • Galley Kitchen
  • 2,004 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5206-021-031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,999

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 1320
  • Year Built: 1925
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Kitchen Features: Galley Kitchen
  • Price Per S Q F T: 109.47

Exterior Features

  • Patio: Concrete Slab, Covered
  • Pool: No

Lot Info

  • Assessed Improvement Value: 70357
  • Assessed Land Value: 324729
  • Assessor Parcel Number: 5206-021-031
  • Lot Size Area: 2004

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: 1-2 bedroom
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2021
Sold by
Welch Harriet M
Bought by
Mlr Capital Projects Llc
Current Estimated Value
$814,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Outstanding Balance
$196,204
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$633,437

Purchase Details

Closed on
Aug 20, 2021
Sold by
Mlr Capital Projects Llc
Bought by
Weich Harriet M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Outstanding Balance
$196,204
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$633,437

Purchase Details

Closed on
Mar 7, 2017
Sold by
Welch Harriet M
Bought by
Mlr Capital Projects Llc

Purchase Details

Closed on
Feb 19, 2013
Sold by
Aria Capital Llc
Bought by
Welch Harriet M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 17, 2012
Closed on
May 24, 2012
Sold by
U S Bank National Association
Bought by
Aria Capital Llc
Seller's Agent
Fran H. Chavez
Christie's International Real Estate SoCal
Buyer's Agent
Fran H. Chavez
Christie's International Real Estate SoCal
List Price
$279,000
Sold Price
$167,500
Premium/Discount to List
-$111,500
-39.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.96%

Purchase Details

Closed on
Mar 11, 2010
Sold by
Sola Salvador
Bought by
Us Bank National Association

Purchase Details

Closed on
Oct 20, 2004
Sold by
Escobar Ercilia
Bought by
Sola Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 2004
Sold by
Avenida Properties Inc
Bought by
Sola Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2004
Sold by
Gonzales Rudy Marin and Eisenbarth Susan Lynn
Bought by
Avenida Properties Inc

Purchase Details

Closed on
May 28, 2003
Sold by
Gonzales Rudy Marin
Bought by
Gonzales Rudy Marin

Purchase Details

Closed on
Oct 3, 2002
Sold by
Fujii Olga
Bought by
Gonzales Rudy Marin
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
Mlr Capital Projects Llc -- California Best Title
Weich Harriet M -- California Best Title
Mlr Capital Projects Llc -- None Available
Welch Harriet M $330,000 Lawyers Title
Aria Capital Llc $167,500 Landsafe Title Of Ca Inc
Us Bank National Association $220,500 Accommodation
Sola Salvador -- Southland Title
Sola Salvador $365,000 Southland Title
Avenida Properties Inc $199,000 North American Title Co
Gonzales Rudy Marin -- Fidelity National Title Co
Gonzales Rudy Marin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Welch Harriet M $215,000
Closed Weich Harriet M $215,000
Previous Owner Welch Harriet M $247,500
Previous Owner Sola Salvador $432,500
Previous Owner Sola Salvador $292,000
Previous Owner Avenida Properties Inc $220,000
Previous Owner Gonzales Rudy Marin $79,500
Closed Avenida Properties Inc $30,000
Closed Sola Salvador $73,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2012 06/25/12 Sold $167,500 -40.0% $127 / Sq Ft
05/18/2012 05/18/12 Pending -- -- --
01/17/2012 01/17/12 For Sale $279,000 -- $211 / 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 $4,999 $406,360 $283,222 $123,138
2024 $4,999 $398,393 $277,669 $120,724
2023 $4,904 $390,582 $272,225 $118,357
2022 $4,676 $382,925 $266,888 $116,037
2021 $4,615 $375,417 $261,655 $113,762
2020 $4,660 $371,569 $258,973 $112,596
2019 $4,478 $364,285 $253,896 $110,389
2018 $4,440 $357,143 $248,918 $108,225
2016 $4,236 $343,276 $239,253 $104,023
2015 $4,175 $338,121 $235,660 $102,461
2014 $4,198 $331,498 $231,044 $100,454
Source: Public Records

Agents Affiliated with this Home

  • Fran H. Chavez

    Seller's Agent in 2012

    Fran H. Chavez

    Christie's International Real Estate SoCal

    (818) 517-1411

    47 Total Sales

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Map

Source: The MLS

MLS Number: 12-576063

The MLS

APN: 5206-021-031

California Los Angeles County Los Angeles 90031 Lincoln Heights

2703 Montecito St Unit 1, Los Angeles, CA

This home is located at 2703 Montecito St Unit 1, Los Angeles, CA 90031 since 17 January 2012 and is currently estimated at $829,641, approximately $628 per square foot. This property was built in 1925. 2703 Montecito St Unit 1 is a home located in Los Angeles County with nearby schools including Hillside Elementary, Florence Nightingale Middle, and Abraham Lincoln High School.

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