NOT LISTED FOR SALE

Estimated Value: $837,255

6 Beds
4 Baths
-- Sq Ft
7,146 Sq Ft Lot

Last Sold December 08, 2014

Last sale price $450,000

Est. 86% increase in value since last sale

Current estimated payment $4,931/month

236 Days on Market

About This Home

As of December 2014

4 units in East Los Angeles, well kept, property is almost in front of a High School,
1 unit) 3 bed 1 bath
2 unit) 2 bed 1 bath
3 unit) 1 bed 1 bath
4 unit) 0 bed 1 bath
all units are rented generating Great Income.

Last Agent to Sell the Property

edwin guerra

Realty Connection Group License #01820089 Listed on: 07/08/2014

Last Buyer's Agent

Reza Hosseini

Tiffany Mortgage and Real Estate Services Company License #01312418

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1895

Lot Details

  • 7,146 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 11 / 73
  • Tax Tract Number 2043
  • Assessor Parcel Number 5180013026

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,028
  • Water Sewer Expense $3,120
  • New Taxes Expense $4,399
  • Gross Income $4,250
  • Net Operating Income $3,554

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 3120.00
  • Property Type: Residential Income
  • Parcel Number: 5180013026
  • Year Built: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7146.00
  • Lot Size Acres: 0.1640

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 4250.00
  • Gross Scheduled Income: 51000.00
  • Insurance Expense: 2028.00
  • Lot Size Area: 7146.0000 Square Feet
  • Net Operating Income: 3554.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 646.00
  • Rent Control: Yes
  • Total Actual Rent: 4250.00

Tax Info

  • New Taxes Expense: 4399.00
  • Tax Block: 73
  • Tax Lot: 11
  • Tax Tract Number: 2043
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2014
Sold by
Ortega Leonila and Ortega Beatriz
Bought by
Lopez Pedro and Lopez Mercedes
Current Estimated Value
$837,255

Purchase Details

Closed on
Jul 17, 2001
Sold by
Ortega Luis
Bought by
Ortega Leonila and Ortega Beatriz

Purchase Details

Closed on
Jul 12, 1996
Sold by
Quintana Oscar L and Quintana Teresa
Bought by
Ortega Luis and Ortega Leonila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
8.5%
Mortgage Type
Commercial
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
Lopez Pedro $450,000 Orange Coast Title Company
Ortega Leonila -- Fidelity National Title
Ortega Luis $205,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ortega Luis $153,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2014 12/08/14 Sold $450,000 0.0% --
10/13/2014 10/13/14 Pending -- -- --
02/19/2014 02/19/14 For Sale $450,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,900 $540,824 $336,514 $204,310
2024 $6,900 $530,220 $329,916 $200,304
2023 $6,774 $519,825 $323,448 $196,377
2022 $6,472 $509,633 $317,106 $192,527
2021 $6,383 $499,641 $310,889 $188,752
2019 $6,200 $484,823 $301,669 $183,154
2018 $6,061 $475,317 $295,754 $179,563
2016 $5,775 $456,862 $284,270 $172,592
2015 $5,694 $450,000 $280,000 $170,000
2014 $4,341 $328,157 $158,100 $170,057
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14035415

California Regional Multiple Listing Service (CRMLS)

APN: 5180-013-026