NOT LISTED FOR SALE

Estimated Value: $1,250,000

6 Beds
5 Baths
2,640 Sq Ft
$473/Sq Ft Est. Value

Last Sold May 04, 2017

Last sale price $665,000 $252 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $7,366/month

About This Home

As of May 2017

Great opportunity for Investors! Five-unit multifamily property with a lot of potential. Located in Boyle Heights, conveniently located near the 10, 5, and 101 Freeways with beautiful views of downtown L.A. The property has a unit mix of (1) studio unit, (2) one-bedroom / one bath units, and (2) two-bedroom / one bath units. The units have some updates. Currently all the units are occupied by tenants. Please do not disturb any tenants, drive by only.

Last Agent to Sell the Property

Efi Cohen

Compass License #01912527 Listed on: 02/21/2017

Compass

Co-Listed By

Jonathan Yosef

No Firm Affiliation License #01785193

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,879

Year Built

  • Built in 1924

Lot Details

  • 4,921 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • On-Street Parking

Home Design

  • Split Level Home
  • Property Attached

Interior Spaces

  • 2,640 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for gas
  • Tax Lot 4921
  • Tax Tract Number 2047
  • Assessor Parcel Number 5185033005

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 5 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $204
  • Trash Expense $79
  • Water Sewer Expense $498
  • Operating Expense $781
  • Gross Income $4,870
  • Net Operating Income $3,802

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,879

Year Built

Built in 1924

Lot Details

0

Listing Details

  • CapRate: 6.00
  • Property Attached: Yes
  • Water Sewer Expenses: 497.94
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5185033005
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Levels: Multi/Split
  • Price Per Square Foot: 251.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 78.81
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4921.00

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Electric Expense: 203.91
  • Gross Income: 4870.00
  • Gross Scheduled Income: 4870.00
  • Net Operating Income: 3802.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 1068.00
  • Rent Control: Yes
  • Total Actual Rent: 4855.95
  • Total Expenses: 780.66

Tax Info

  • Tax Census Tract: 2047.00
  • Tax Lot: 4921
  • Tax Tract Number: 2047.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2017
Closed on
Mar 7, 2017
Sold by
California 544 Properties Llc
Bought by
Mordern Family Estates Llc
Seller's Agent
Efi Cohen
Compass
List Price
$749,000
Sold Price
$665,000
Premium/Discount to List
-$84,000
-11.21%
Current Estimated Value
$1,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$585,000
Avg. Annual Appreciation
7.72%
Original Mortgage
$370,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 24, 2015
Sold by
Epi Investment Realty Llc
Bought by
California 544 Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 2011
Sold by
Epi Investment Group Llc
Bought by
Epi Investment Realty Llc and The Guirado Trust

Purchase Details

Closed on
Oct 12, 2007
Sold by
Vasquez Mario Antonio
Bought by
75 Epi Investment Group and 25 Lmd Property

Purchase Details

Closed on
Apr 26, 2005
Sold by
Amaro Villa Lorenzo and Amaro Santos
Bought by
Vasquez Mario Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
7.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 2001
Sold by
Western Holdings Corp
Bought by
Amaro Villa Lorenzo and Amaro Santos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,596
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 12, 2000
Sold by
Cohen Alfred and Cohen Marilyn
Bought by
Western Holdings Group

Purchase Details

Closed on
Aug 25, 1999
Sold by
Escobar Miriam R and The Miriam Escobar Avila Famil
Bought by
The Cohen Living Trust

Purchase Details

Closed on
Jul 18, 1999
Sold by
Escobar Miriam R and The Miriam R Escobar Avila Fam
Bought by
Santana Jose

Purchase Details

Closed on
Mar 18, 1999
Sold by
Escobar Miriam R and The Miriam Escobar Avila Famil
Bought by
Vargas Antonio S

Purchase Details

Closed on
Apr 28, 1998
Sold by
Southern Pacific Bank
Bought by
Escobar Miriam R and The Miriam Escobar Avila Famil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
7.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 4, 1997
Sold by
Grande Investment Inc
Bought by
Southern Pacific Bank and Southern Pacific Thrift & Loan Assn

Purchase Details

Closed on
Jan 13, 1994
Sold by
Grande Investments Inc
Bought by
Grande Investment Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.16%
Mortgage Type
Commercial
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
Mordern Family Estates Llc $665,000 Title 365
California 544 Properties Llc $520,000 Lawyers Title Company
Epi Investment Realty Llc -- None Available
75 Epi Investment Group $382,500 None Available
Vasquez Mario Antonio $490,000 Fidelity National Title Co
Amaro Villa Lorenzo -- Fidelity National Title Co
Western Holdings Group -- Fidelity Title
The Cohen Living Trust $157,736 Chicago Title Co
Santana Jose -- --
Vargas Antonio S -- --
Escobar Miriam R $105,000 South Coast Title
Southern Pacific Bank $98,891 Investors Title Company
Grande Investment Inc -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mordern Family Estates Llc $370,000
Previous Owner California 544 Properties Llc $424,000
Previous Owner Vasquez Mario Antonio $392,000
Previous Owner Amaro Villa Lorenzo $280,596
Previous Owner Escobar Miriam R $139,000
Previous Owner Grande Investment Inc $140,000
Closed Grande Investment Inc $140,000
Closed Vasquez Mario Antonio $98,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2017 05/04/17 Sold $665,000 -11.2% $252 / Sq Ft
02/28/2017 02/28/17 Pending -- -- --
02/21/2017 02/21/17 For Sale $749,000 -- $284 / 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 $9,879 $771,784 $445,662 $326,122
2024 $9,879 $756,652 $436,924 $319,728
2023 $9,698 $741,816 $428,357 $313,459
2022 $8,926 $727,271 $419,958 $307,313
2021 $8,809 $713,012 $411,724 $301,288
2019 $8,551 $692,165 $399,513 $292,652
2018 $8,476 $678,600 $391,680 $286,920
2016 $5,957 $473,000 $250,400 $222,600
2015 $5,958 $473,000 $250,400 $222,600
2014 $5,536 $500,000 $243,600 $256,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17033370

California Regional Multiple Listing Service (CRMLS)

APN: 5185-033-005