NOT LISTED FOR SALE

2737 W 15th St Los Angeles, CA 90006

Harvard Heights Neighborhood

Estimated Value: $1,103,000 - $1,530,000

4 Beds
4 Baths
3,808 Sq Ft
$362/Sq Ft Est. Value

Last Sold November 22, 2016

Last sale price $830,000 $218 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $8,397/month

127 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • 2-minute walk to Normandie Recreation Center
  • Laundry Room

About This Home

As of November 2016

HUGE PRICE REDUCTION!!! The four unit property is located in the Harvard Heights Historic District in the Pico Union Area. The property is centrally located only a minutes walk from Camino Nuevo Charter Academy and only a couple of blocks from Loyola High School, one of Los Angeles oldest private schools. The property is also less than 3 miles from the USC campus and LA Live. Each unit is in great condition, they include their own laundry hookups and lovely front patios. All units have front and back access with a living space of just under 1,000 square feet each. The units have all been well maintained, have upgrades, copper plumbing and the roof is less than 10 years. Take advantage of this opportunity!!!

Last Agent to Sell the Property

Rene Luna

VIP RE Firm License #01816981 Listed on: 05/18/2016

Last Buyer's Agent

Rene Luna

VIP RE Firm License #01816981 Listed on: 05/18/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,891

Year Built

  • Built in 1912

Lot Details

  • 6,500 Sq Ft Lot
  • No Common Walls

Home Design

  • 3,808 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 5075011009

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $840
  • Water Sewer Expense $840
  • New Taxes Expense $11,562
  • Gross Income $4,603
  • Net Operating Income $52,556

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,891

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 840.00
  • Property Type: Residential Income
  • Parcel Number: 5075011009
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 217.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 6500.00
  • Price Per Lot Square Foot: 130.77

Multi Family

  • Gross Income: 4603.00
  • Gross Scheduled Income: 55236.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 52556.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 10
  • Operating Expense: 2680.00
  • Rent Control: Yes
  • Total Actual Rent: 3253.00

Tax Info

  • New Taxes Expense: 11562.00
  • Tax Lot: 18
  • Tax Tract Number: B

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2016
Closed on
Nov 15, 2016
Sold by
Navarro Manuel Hernandez
Bought by
Saint Sophia Foundation
Seller's Agent
Rene Luna
VIP RE Firm
Buyer's Agent
Rene Luna
VIP RE Firm
List Price
$925,000
Sold Price
$830,000
Premium/Discount to List
-$95,000
-10.27%
Current Estimated Value
$1,352,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$522,827
Avg. Annual Appreciation
5.98%
Original Mortgage
$540,000
Outstanding Balance
$435,847
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$941,317

Purchase Details

Closed on
Aug 31, 2012
Sold by
Rivas Carmen
Bought by
Rivas Carmen and The Carmen Rivas Revocable Trust Of 2006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2012
Sold by
Rivas Carmen
Bought by
Rivas Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2006
Sold by
Rivas Carmen
Bought by
Rivas Carmen and The Carmen Rivas Revocable Trust Of 2006

Purchase Details

Closed on
May 2, 2006
Sold by
Rivas Carmen
Bought by
Rivas Carmen and Carmen Rivas Revocable Trust Of 2006

Purchase Details

Closed on
Jul 19, 2005
Sold by
Rivas Jose
Bought by
Rivas Carmen

Purchase Details

Closed on
Mar 16, 1999
Sold by
Rivas Jose
Bought by
Rivas Jose and Rivas Carmen
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
Saint Sophia Foundation $830,000 Old Republic Title Company
Rivas Carmen -- None Available
Rivas Carmen -- Chicago Title Company
Rivas Carmen -- None Available
Rivas Carmen -- None Available
Rivas Carmen -- None Available
Rivas Carmen -- --
Rivas Jose -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saint Sophia Foundation $540,000
Previous Owner Rivas Carmen $212,500
Previous Owner Rivas Carmen $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2016 11/22/16 Sold $830,000 -2.4% $218 / Sq Ft
09/22/2016 09/22/16 Pending -- -- --
08/26/2016 08/26/16 Price Changed $850,000 -8.1% $223 / Sq Ft
05/18/2016 05/18/16 For Sale $925,000 -- $243 / 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 $11,891 $963,283 $580,292 $382,991
2024 $11,891 $944,396 $568,914 $375,482
2023 $11,670 $925,879 $557,759 $368,120
2022 $11,142 $907,725 $546,823 $360,902
2021 $10,989 $889,927 $536,101 $353,826
2019 $10,666 $863,532 $520,200 $343,332
2018 $10,569 $846,600 $510,000 $336,600
2016 $1,354 $81,170 $43,429 $37,741
2015 $1,340 $79,952 $42,777 $37,175
2014 $1,374 $78,387 $41,940 $36,447
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Rene Luna

    VIP RE Firm

    (562) 231-3333

    20 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16109820

California Regional Multiple Listing Service (CRMLS)

APN: 5075-011-009

California Los Angeles County Los Angeles 90006 Harvard Heights

2737 W 15th St, Los Angeles, CA

This home is located at 2737 W 15th St, Los Angeles, CA 90006 since 18 May 2016 and is currently estimated at $1,377,164, approximately $361 per square foot. This property was built in 1912. 2737 W 15th St is a home located in Los Angeles County with nearby schools including Los Angeles Elementary School, Berendo Middle, and West Adams Preparatory High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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