NOT LISTED FOR SALE

Estimated Value: $1,011,651 - $1,368,000

6 Beds
4 Baths
2,496 Sq Ft
$454/Sq Ft Est. Value

Last Sold January 28, 2021

Last sale price $899,000 $360 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $7,009/month

108 Days on Market

Highlights

  • 4 Car Direct Access Garage
  • Garden
  • Fenced
  • Laundry Room

About This Home

As of January 2021

Amazing opportunity to own a 2-story duplex townhouse style featuring (1) 3-Bedroom/2-Bath downstairs unit and (1) 3-Bedroom/1.5-Bathroom upstairs unit, for a total living area of 2,496 sqft. Situated on a large 9,186 sqft lot, there is an abundance of parking between the (2) 2-car garages, driveway and additional uncovered parking space to possibly adding an ADU. The units are well-maintained with minor updates and recent painting. Each unit features its own water heater, Central AC & Heating, as well as individual metering for gas & electric. There are W/ D hookups in each unit and the current owner also recently installed brand new white perimeter fencing. With great in-place income and rental upside rent potential, this is an excellent opportunity for an owner-user and investor alike to acquire an investment property in one of the most rapidly developing cities in Los Angeles.

Last Agent to Sell the Property

Samir Rai

Keystone Realty Group License #01868728 Listed on: 09/01/2020

Last Buyer's Agent

Ivan Lomeli

Ultra Realty Group License #01317108

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,949

Year Built

  • Built in 1921

Lot Details

  • 9,186 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Fence is in excellent condition
  • Garden
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Driveway

Interior Spaces

  • 2,496 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 1 / 20
  • Tax Tract Number 16948
  • Assessor Parcel Number 7113010028

Community Details

Overview

  • 2 Units
  • Lakewood Village Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $700
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • New Taxes Expense $9,250
  • Operating Expense $16,200
  • Gross Income $64,800
  • Net Operating Income $48,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,949

Year Built

Built in 1921

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Lakewood Village (LKVL)
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 700.00
  • Parcel Number: 7113010028
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 360.18

Exterior Features

  • Fence: Yes
  • Fencing: Excellent Condition
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Asphalt, Concrete
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Garden
  • Lot Size Sq Ft: 9186.00
  • Lot Size Acres: 0.2109
  • Latitude Manual: 33.88169000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 64800.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 9186.0000 Square Feet
  • Net Operating Income: 48600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 16200.00
  • Rent Control: No
  • Total Expenses: 16200.00

Tax Info

  • New Taxes Expense: 9250.00
  • Tax Block: 20
  • Tax Census Tract: 5702.03
  • Tax Lot: 1
  • Tax Tract Number: 16948

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2021
Sold by
Vazquez Juan Pablo and Vazquez Alma Dulce
Bought by
Vazquez Juan Pablo and Vazquez Enrique Ayala
Current Estimated Value
$1,134,163

Purchase Details

Closed on
Sep 29, 2020
Sold by
Kim J Smith Revocable Trust and Smith Kim J
Bought by
Vazquez Juan Pablo and Vazquez Alma Dulce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,300
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 4, 2019
Closed on
Jul 15, 2019
Sold by
Lam Juliana Yiu Ming Leung and Juliana L Lam Revocable Living
Bought by
Smith Kim J and Kim J Smith Revocable Trust
Seller's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Samir Rai
Keystone Realty Group
List Price
$895,000
Sold Price
$835,000
Premium/Discount to List
-$60,000
-6.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.15%
Original Mortgage
$425,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2018
Sold by
Lam Juliana Yiu Ming Leung
Bought by
Lam Juliana Yiu Ming Leung and Juliana L Lam Revocable Living Trust

Purchase Details

Listed on
Aug 9, 2017
Closed on
Aug 19, 2017
Sold by
Rocha Alisa
Bought by
Lam Juliana
Seller's Agent
Vic Steele
Vic Steele, Broker
Buyer's Agent
Gene Smith
RE/MAX TerraSol
List Price
$679,900
Sold Price
$665,000
Premium/Discount to List
-$14,900
-2.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%
Original Mortgage
$498,750
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2017
Sold by
Rocha Augusto C
Bought by
Rocha Alisa

Purchase Details

Closed on
Apr 17, 2017
Sold by
Sahba Farangis
Bought by
Rocha Alisa

Purchase Details

Closed on
Mar 24, 2010
Sold by
Rocha Alisa
Bought by
Rocha Augusto C

Purchase Details

Closed on
Dec 8, 2008
Sold by
Sahba Farangis
Bought by
Sahba Faranhis

Purchase Details

Closed on
Nov 17, 2008
Sold by
Rocha Augusto C
Bought by
Rocha Alisa

Purchase Details

Closed on
Dec 21, 2006
Sold by
Sahba Touss H
Bought by
Sahba Farangis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2006
Sold by
Sahba Farangis
Bought by
Sahba Touss H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,500
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2005
Sold by
Sahba Tous
Bought by
Sahba Farangis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,500
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2004
Sold by
Sahba Touss H and Sahba Farangis
Bought by
Sahba Farangis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.79%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Vazquez Juan Pablo -- Accommodation/Courtesy Recordi
Vazquez Juan Pablo $899,000 Ticor Title
Smith Kim J $835,000 Progressive Title Company
Lam Juliana Yiu Ming Leung -- None Available
Lam Juliana $665,000 Wfg National Title
Rocha Alisa -- Wfg National Title
Rocha Alisa -- Wfg National Title
Rocha Augusto C -- None Available
Sahba Faranhis -- None Available
Rocha Alisa -- None Available
Sahba Farangis -- Lawyers Title Company
Sahba Touss H -- Lawyers Title Company
Sahba Farangis -- --
Sahba Farangis -- Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vazquez Juan Pablo $742,300
Previous Owner Smith Kim J $425,000
Previous Owner Lam Juliana $498,750
Previous Owner Sahba Farangis $504,000
Previous Owner Sahba Touss H $409,500
Previous Owner Sahba Farangis $331,500
Previous Owner Sahba Farangis $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/28/2021 01/28/21 Sold $899,000 -2.8% $360 / Sq Ft
01/19/2021 01/19/21 For Sale $925,000 +2.9% $371 / Sq Ft
12/31/2020 12/31/20 Off Market $899,000 -- --
09/01/2020 09/01/20 For Sale $925,000 +10.8% $371 / Sq Ft
09/12/2019 09/12/19 Sold $835,000 -6.7% $335 / Sq Ft View Prior Sale
07/09/2019 07/09/19 For Sale $895,000 0.0% $359 / Sq Ft
06/18/2019 06/18/19 Pending -- -- --
06/04/2019 06/04/19 For Sale $895,000 +34.6% $359 / Sq Ft
09/18/2017 09/18/17 Sold $665,000 -2.2% $266 / Sq Ft View Prior Sale
08/11/2017 08/11/17 Pending -- -- --
08/09/2017 08/09/17 For Sale $679,900 -- $272 / 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 $11,949 $935,319 $519,159 $416,160
2024 $11,949 $916,980 $508,980 $408,000
2023 $12,203 $935,319 $519,159 $416,160
2022 $11,456 $916,980 $508,980 $408,000
2021 $10,571 $843,650 $439,506 $404,144
2020 $10,543 $835,000 $435,000 $400,000
2019 $8,723 $678,300 $372,300 $306,000
2018 $8,437 $665,000 $365,000 $300,000
2016 $5,945 $482,644 $153,763 $328,881
2015 $5,709 $475,395 $151,454 $323,941
2014 $5,676 $466,084 $148,488 $317,596
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR20180855

California Regional Multiple Listing Service (CRMLS)

APN: 7113-010-028