NOT LISTED FOR SALE

Estimated Value: $985,000 - $1,103,000

6 Beds
6 Baths
3,222 Sq Ft
$325/Sq Ft Est. Value

Last Sold March 12, 2019

Last sale price $670,000 $208 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $6,509/month

90 Days on Market

Highlights

  • Laundry Room
  • Abraham Lincoln High School Rated A
  • Garden

About This Home

As of March 2019

Great Investment opportunity in the desirable City of Lincoln Heights! The two front units feature 2 bed 1.5 bath, private entrance, Front yard, inside laundry area, small backyard area and a storage room. The two back units also have a nice size side yard area and inside laundry. These units feature 1 bedroom 1 bath and share an entrance. Each Unit has a Separate gas and electrical meter, Landlord only pays for water. Entire property is gated, the building is Low maintenance with great long term tenants. Ideally suited for a first time investor or a seasoned investor looking for great returns. Buyer to conduct own investigation and verification for all information about property. MORE PICS coming soon.

Last Agent to Sell the Property

Claudia Molina

BLVD ESTATE PROPERTIES License #01911267 Listed on: 11/09/2018

Last Buyer's Agent

Claudia Molina

BLVD ESTATE PROPERTIES License #01911267 Listed on: 11/09/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,413

Year Built

  • Built in 1908

Lot Details

  • 8,517 Sq Ft Lot
  • 1 Common Wall
  • Garden
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • On-Street Parking

Home Design

  • 3,222 Sq Ft Home
  • Quadruplex
  • Copper Plumbing

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot ASSN
  • Assessor Parcel Number 5210012023

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Operating Expense $8,239
  • Gross Income $48,840
  • Net Operating Income $40,601

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,413

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Assessments: No
  • Ad Number: 562-355-1576
  • Property Attached: Yes
  • Zoning: LARD2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5210012023
  • Year Built: 1908
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 207.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Garden
  • Lot Size Sq Ft: 8517.00
  • Lot Size Acres: 0.1955

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 950 Square Feet
  • Gross Income: 48840.00
  • Gross Scheduled Income: 48840.00
  • Lot Size Area: 8517.0000 Square Feet
  • Net Operating Income: 40601.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 8239.00
  • Rent Control: Yes
  • Total Actual Rent: 4200.00
  • Total Expenses: 8239.00

Tax Info

  • Tax Census Tract: 1999.00
  • Tax Lot: ASSN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2018
Closed on
Feb 12, 2019
Sold by
Munoz Jose Pedro and Munoz Roselia
Bought by
New Vista Investments Llc
Seller's Agent
Claudia Molina
BLVD ESTATE PROPERTIES
Buyer's Agent
Claudia Molina
Intero Real Estate Services
List Price
$739,900
Sold Price
$670,000
Premium/Discount to List
-$69,900
-9.45%
Current Estimated Value
$1,045,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,667
Avg. Annual Appreciation
7.19%
Original Mortgage
$737,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 16, 1997
Sold by
Panagakos Oralia and O Rourke Agueda M
Bought by
Munoz Jose Pedro and Munoz Rosalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7.45%
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
New Vista Investments Llc $670,000 First American Title Co
Munoz Jose Pedro $240,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open New Vista Investments Llc $775,000
Closed New Vista Investments Llc $737,000
Previous Owner Munoz Jose Pedro $164,530
Previous Owner Munoz Jose Pedro $204,000
Previous Owner Munoz Jose Pedro $192,000
Closed Munoz Jose Pedro $24,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2019 03/12/19 Sold $670,000 -9.4% $208 / Sq Ft
02/07/2019 02/07/19 Pending -- -- --
11/09/2018 11/09/18 For Sale $739,900 -- $230 / 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 $9,413 $747,393 $524,292 $223,101
2024 $9,413 $732,739 $514,012 $218,727
2023 $9,238 $718,373 $503,934 $214,439
2022 $8,823 $704,288 $494,053 $210,235
2021 $8,705 $690,479 $484,366 $206,113
2020 $9,457 $683,400 $479,400 $204,000
2019 $4,619 $343,517 $309,176 $34,341
2018 $4,479 $336,782 $303,114 $33,668
2016 $4,257 $323,706 $291,345 $32,361
2015 $4,200 $318,844 $286,969 $31,875
2014 $4,240 $312,599 $281,348 $31,251
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18270737

California Regional Multiple Listing Service (CRMLS)

APN: 5210-012-023