NOT LISTED FOR SALE

Estimated Value: $1,202,000 - $1,360,000

7 Beds
4 Baths
4,407 Sq Ft
$291/Sq Ft Est. Value

Last Sold August 15, 2019

Last sale price $975,500 $221 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $7,848/month

10 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 3-minute walk to Wabash Recreation Center
  • Lawn
  • Central Heating

About This Home

As of August 2019

Beautiful Spanish Triplex in the Boyle Heights area. Just minutes from Downtown Los Angeles, Boyle Heights borders City Terrace and DTLA's famous Art's District. You are within a 5 mile radius to Dodger Stadium, Union Station, Metro, Downtown LA , Cal State LA and major freeways!!!
This property offers a spacious 3 bedroom, 2 bathroom unit with a patio view overlooking DTLA and boasts originality from the 1930's era. Approx 2000 sq ft., this unit feels like a home and sits at the top level. The other 2 units each offer 2 bedrooms and 1 full bathroom. They also boast originality which include high coved ceilings, decorative archways, art deco tile, dining room and hardwood flooring. All units have their own laundry room, separate utility meters, and water heaters. There are 3 garages, a front courtyard and a backyard, both gated.
This property is perfect for rental income or for multi-family living. This property will not disappoint!

Last Agent to Sell the Property

Betty Gonzalez

TNG REAL ESTATE CONSULTANTS License #01727743 Listed on: 07/18/2019

TNG REAL ESTATE CONSULTANTS

Co-Listed By

Liz Gonzalez

T.N.G. Real Estate Consultants License #01939774

Last Buyer's Agent

Christopher Pearson

Christopher Michael Pearson License #02059590

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 5,843 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Sprinkler System
  • Lawn
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 4,407 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 1 / F
  • Assessor Parcel Number 5178009022

Community Details

Overview

  • 3 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $3,000
  • Fuel Expense $800
  • Insurance Expense $1,600
  • Trash Expense $1,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $160
  • Operating Expense $3,600
  • Gross Income $24,000
  • Net Operating Income $15,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

5,843 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: LAR2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5178009022
  • Year Built: 1936
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 221.35

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot, Front Yard, Lawn, Sprinkler System
  • Lot Size Sq Ft: 5843.00
  • Lot Size Acres: 0.1341

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 3000.00
  • Fuel Expense: 800.00
  • Gross Income: 24000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 5843.0000 Square Feet
  • Net Operating Income: 15800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Operating Expense: 3600.00
  • Rent Control: Yes
  • Total Actual Rent: 900.00
  • Total Expenses: 3600.00

Tax Info

  • New Taxes Expense: 160.00
  • Tax Block: F
  • Tax Census Tract: 2037.10
  • Tax Lot: 1
  • Tax Tract Number: c034

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2019
Closed on
Jul 30, 2019
Sold by
Lozano Amada and Lozano Olivia
Bought by
Mariano Keith P and Hernandez Sara J
Seller's Agent
Betty Gonzalez
TNG REAL ESTATE CONSULTANTS
Buyer's Agent
Christopher Pearson
Christopher Michael Pearson
List Price
$990,000
Sold Price
$975,500
Premium/Discount to List
-$14,500
-1.46%
Current Estimated Value
$1,283,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,280
Avg. Annual Appreciation
4.24%
Original Mortgage
$780,400
Outstanding Balance
$683,486
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$600,294

Purchase Details

Closed on
Mar 13, 2006
Sold by
Simonian Gagik
Bought by
Villalpando Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$582,200
Interest Rate
6.19%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 25, 2005
Sold by
The Arturo Alexander Franz & Amy Marie F
Bought by
Simonian Gagik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 9, 2003
Sold by
Franz Arturo A
Bought by
The Arturo Alexander & Amy Marie Franz L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mariano Keith P $975,500 Wfg Title Company Of Ca
Villalpando Miguel $685,000 Chicago Title Co
Simonian Gagik $450,000 Orange Coast Title
The Arturo Alexander & Amy Marie Franz L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mariano Keith P $780,400
Previous Owner Villalpando Miguel $582,200
Previous Owner Simonian Gagik $285,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2019 08/15/19 Sold $975,500 0.0% $221 / Sq Ft
07/28/2019 07/28/19 Pending -- -- --
07/27/2019 07/27/19 Off Market $975,500 -- --
07/18/2019 07/18/19 For Sale $990,000 -- $225 / Sq Ft
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 $13,137 $1,066,847 $628,845 $438,002
2024 $13,137 $1,045,929 $616,515 $429,414
2023 $12,888 $1,025,422 $604,427 $420,995
2022 $12,297 $1,005,317 $592,576 $412,741
2021 $12,129 $985,606 $580,957 $404,649
2019 $10,395 $839,159 $428,768 $410,391
2018 $10,291 $822,706 $420,361 $402,345
2016 $9,806 $790,761 $404,039 $386,722
2015 $9,666 $778,884 $397,970 $380,914
2014 $9,710 $763,628 $390,175 $373,453
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19169207

California Regional Multiple Listing Service (CRMLS)

APN: 5178-009-022

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