NOT LISTED FOR SALE

2845 Alsace Ave Los Angeles, CA 90016

West Adams Neighborhood

Estimated Value: $1,229,000 - $1,338,000

4 Beds
4 Baths
2,957 Sq Ft
$435/Sq Ft Est. Value

Last Sold August 17, 2017

Last sale price $715,000 $242 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $7,560/month

65 Days on Market

About This Home

As of August 2017

Beautiful two story duplex with open floor plan and large cemented backyard. Upstairs unit is a 2 bedroom with a small bonus room, 1 1/2 bath, downstairs is a 2 bedroom 1 3/4 bath in great condition. Property is tenant occupied, please drive by and make your offer subject to interior inspection. Property is centrally located, close to schools, shops, transportation and easy freeway access to the 10 freeway. ****PRICE REDUCED ON 5/09/17****Motivated Seller.

Last Agent to Sell the Property

Stella Melendez

GEORGE MICHAEL REALTY License #00893428 Listed on: 04/01/2017

Last Buyer's Agent

Michael C King

Exclusive Realty Inc License #01271449

Exclusive Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,931

Year Built

  • Built in 1930

Lot Details

  • 4,800 Sq Ft Lot
  • No Common Walls
  • Front Yard

Home Design

  • Duplex

Interior Spaces

  • 2,957 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 224
  • Tax Tract Number 1446
  • Assessor Parcel Number 5049025028

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $200
  • Water Sewer Expense $1,900
  • New Taxes Expense $9,875
  • Operating Expense $13,175
  • Net Operating Income $25,225

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,931

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1900.00
  • Zoning: LARD1.5
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5049025028
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Price Per Square Foot: 241.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size: 4799
  • Lot Size Sq Ft: 4800.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 25225.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 13175.00
  • Rent Control: Yes
  • Total Expenses: 13175.00

Tax Info

  • New Taxes Expense: 9875.00
  • Tax Census Tract: 2198.00
  • Tax Lot: 224
  • Tax Tract Number: 1446

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2017
Sold by
Suarez Jaime
Bought by
Waldapfel Christopher and Arellano Jose Antonio Luna
Current Estimated Value
$1,286,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,385
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 21, 2007
Sold by
Landa Genaro Fuentes and Fuentes Martina
Bought by
Suarez Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2005
Sold by
Fuentes Serafin
Bought by
Landa Genaro Fuentes

Purchase Details

Closed on
Oct 27, 2003
Sold by
Fuentes Serafin and Fuentes Serfin
Bought by
Fuentes Serafin

Purchase Details

Closed on
Apr 9, 2002
Sold by
Fuentes Laura Garcia
Bought by
Fuentes Serfin

Purchase Details

Closed on
Feb 5, 2002
Sold by
Leblanc Nadine Eagans
Bought by
Fuentes Serfin

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
6.87%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Waldapfel Christopher $715,000 Title 365
Suarez Jaime $650,000 Chicago Title Co
Landa Genaro Fuentes -- --
Fuentes Serafin -- Old Republic Title Company
Fuentes Serafin -- Old Republic Title Company
Fuentes Serfin -- Fidelity Title
Fuentes Serfin $250,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Waldapfel Christopher $618,385
Previous Owner Suarez Jaime $520,000
Previous Owner Fuentes Serfin $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2017 08/17/17 Sold $715,000 -4.5% $242 / Sq Ft
06/05/2017 06/05/17 Pending -- -- --
05/09/2017 05/09/17 Price Changed $749,000 -6.2% $253 / Sq Ft
04/01/2017 04/01/17 For Sale $798,500 -- $270 / 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 $9,931 $813,542 $597,358 $216,184
2024 $9,931 $797,592 $585,646 $211,946
2023 $9,745 $781,954 $574,163 $207,791
2022 $9,299 $766,622 $562,905 $203,717
2021 $9,171 $751,591 $551,868 $199,723
2019 $8,899 $729,300 $535,500 $193,800
2018 $8,844 $715,000 $525,000 $190,000
2016 $8,761 $721,222 $610,154 $111,068
2015 $7,317 $600,000 $507,600 $92,400
2014 $6,396 $510,000 $431,500 $78,500
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Stella Melendez

    GEORGE MICHAEL REALTY

    (213) 700-1528

    7 Total Sales

    Stella Melendez
    Section Image
  • Michael C King

    Buyer's Agent in 2017

    Michael C King

    Exclusive Realty Inc

    (310) 259-3967

    8 Total Sales

    Michael C King
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB17069712

California Regional Multiple Listing Service (CRMLS)

APN: 5049-025-028

California Los Angeles County Los Angeles 90016 West Adams

2845 Alsace Ave, Los Angeles, CA

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