NOT LISTED FOR SALE

2768 E 58th St Huntington Park, CA 90255

Estimated Value: $1,838,000

3 Beds
4 Baths
5,189 Sq Ft
$354/Sq Ft Est. Value

Last Sold April 02, 2012

Last sale price $750,000 $145 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $11,089/month

345 Days on Market

Highlights

  • 0.3 Acre Lot
  • Cottage
  • No Heating
  • Linda Esperanza Marquez High School Rated A-
  • Wood Siding

About This Home

As of April 2012

STANDARD LISTING. Great layout of individual cottage style homes. There are six 1 bed, 1 bath homes in the front, each with its own individual patio. One Studio, and there is one 2 bed, 2 bath 1600 + sqft unit above six 1 car garages. Their are many long term tenants paying good rents. Property includes 2 lots with an additional AP Number 6309-029-615. Rental income is actual rent. Property is in good location near public and private schools. Easy to keep rented. Lot size is 13,008 sqft , Buildings are 5,189 sqft.

Last Agent to Sell the Property

Edwin Huber

Century 21 Masters License #01314032 Listed on: 12/07/2010

Century 21 Masters

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,016

Year Built

  • Built in 1941

Lot Details

  • 0.3

Parking

  • 1 Car Garage

Home Design

  • 5,189 Sq Ft Home
  • Cottage
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Additional Features

  • 0.3 Acre Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 68
  • Tax Tract Number 6674
  • Assessor Parcel Number 6309029014

Community Details

Overview

  • 7 Buildings
  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Insurance Expense $1,800
  • Maintenance Expense $3,400
  • Trash Expense $2,200
  • Water Sewer Expense $1,400
  • New Taxes Expense $13,925
  • Gross Income $7,250
  • Net Operating Income $63,695

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,016

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 8.49
  • View: No
  • Water Sewer Expenses: 1400.00
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Parcel Number: 6309029014
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 144.54

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 2200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 13008.00
  • Lot Size Acres: 0.2990

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 500
  • Average2 Bed Area: 1600
  • Electric Expense: 500.00
  • Gross Income: 7250.00
  • Gross Multiplier: 8.62
  • Gross Scheduled Income: 87000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 13008.0000 Square Feet
  • Maintenance Expense: 3400.00
  • Net Operating Income: 63695.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 23305.00
  • Total Actual Rent: 87000.00

Tax Info

  • New Taxes Expense: 13925.00
  • Tax Lot: 68
  • Tax Tract: 6675
  • Tax Tract Number: 6674

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2018
Sold by
Sooferi Pedram and Peikar Shahrokh
Bought by
58Th Properties Llc
Current Estimated Value
$1,838,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 2014
Sold by
Peikar Shahrokh
Bought by
Peikar Shahrokh and The Shahrokh & Ziba Peikar Tru

Purchase Details

Listed on
Dec 7, 2010
Closed on
Mar 20, 2012
Sold by
Mashayekhi Firouzeh
Bought by
Peikar Shahram
Seller's Agent
Edwin Huber
Century 21 Masters
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$890,000
Sold Price
$750,000
Premium/Discount to List
-$140,000
-15.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.92%
Original Mortgage
$487,500
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 7, 2010
Closed on
Mar 15, 2012
Sold by
Sanchez Margaret
Bought by
Sooferi Pedram and Peikar Shahrokh
Seller's Agent
Edwin Huber
Century 21 Masters
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$890,000
Sold Price
$750,000
Premium/Discount to List
-$140,000
-15.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 2005
Sold by
Pasinato James D
Bought by
Pasinato Yvonne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,500
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2005
Sold by
Catron Traci Lyn
Bought by
Catron Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,500
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2005
Sold by
Wec Capital Group
Bought by
Sanchez Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,500
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 14, 2005
Sold by
Catron William H and Catron Elvia H
Bought by
Wec Capital Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,500
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 6, 1994
Sold by
Catron William H and Catron Elvia H
Bought by
Catron William H and Catron Elvia H
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
58Th Properties Llc -- Chicago Title Company
Peikar Shahrokh -- None Available
Peikar Shahram -- Fidelity National Title Co
Peikar Shahrokh -- Fidelity National Title Co
Sooferi Pedram $750,000 Fidelity National Title Co
Pasinato Yvonne L -- Southland Title
Catron Mark A -- Southland Title
Ramos Joseph R -- Southland Title
Sanchez Margaret $875,000 Southland Title
Wec Capital Group Llc -- --
Catron William H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 58Th Properties Llc $767,000
Closed 58Th Properties Llc $250,000
Previous Owner Peikar Shahrokh $487,500
Previous Owner Sooferi Pedram $487,500
Previous Owner Sanchez Margaret $612,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2012 04/02/12 Sold $750,000 -15.7% $145 / Sq Ft
11/17/2011 11/17/11 Pending -- -- --
12/07/2010 12/07/10 For Sale $890,000 -- $172 / 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 $16,016 $923,561 $615,709 $307,852
2024 $16,016 $905,453 $603,637 $301,816
2023 $15,738 $887,700 $591,801 $295,899
2022 $15,107 $870,296 $580,198 $290,098
2021 $14,888 $853,232 $568,822 $284,410
2019 $14,424 $827,926 $551,951 $275,975
2018 $14,044 $811,693 $541,129 $270,564
2016 $13,351 $780,175 $520,117 $260,058
2015 $13,124 $768,457 $512,305 $256,152
2014 $12,776 $753,405 $502,270 $251,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1007560

California Regional Multiple Listing Service (CRMLS)

APN: 6309-029-022