NOT LISTED FOR SALE

Estimated Value: $653,000 - $815,259

2 Beds
2 Baths
1,896 Sq Ft
$394/Sq Ft Est. Value

Sale Details

Date Sold: August 12, 2012

Last sale price $254,000 $134 Per Sq Ft

Est. 191% increase in value since last sale

Current estimated payment $4,264 / mo

127 Days on Market

About This Home

As of August 2012

Two units in good area of LA. Long term tenants in place. City of LA rent control. Buyers should satisfy themselves with rent control restrictions.

Last Agent to Sell the Property

Bruce Tovar

Casitas Real Estate License #01200447 Listed on: 02/06/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,600

Parking

  • 1 Parking Space

Home Design

  • 1,896 Sq Ft Home
  • Wood Siding

Additional Features

  • 6,600 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 0.1
  • Tax Tract Number 123
  • Assessor Parcel Number 5185036016

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $1,000
  • Trash Expense $600
  • New Taxes Expense $3,000
  • Gross Income $19,404
  • Net Operating Income $18,204

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

6,600 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 7.28
  • View: No
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5185036016
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 133.97

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 1.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 600.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6600.00
  • Lot Size Acres: 0.1520

Multi Family

  • Gross Income: 19404.00
  • Gross Multiplier: 12.88
  • Gross Scheduled Income: 19404.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6600.0000 Square Feet
  • Net Operating Income: 18204.00
  • 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: 1200.00

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Area: 4
  • Tax Lot: 0.1
  • Tax Tract Number: 123

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2012
Closed on
Sep 18, 2012
Sold by
Ramirez John J and The Ramirez Living Trust
Bought by
Calderon Alejandro
Seller's Agent
Bruce Tovar
Casitas Real Estate
List Price
$250,000
Sold Price
$254,000
Premium/Discount to List
$4,000
1.6%
Current Estimated Value
$739,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$485,561
Avg. Annual Appreciation
8.21%
Original Mortgage
$240,353
Outstanding Balance
$167,719
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$580,096

Purchase Details

Closed on
Jun 5, 2002
Sold by
Ramirez Cruz and Ramirez Maria C
Bought by
Ramirez Cruz and Ramirez Maria C
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
Calderon Alejandro $254,000 Calcounties Title Nation
Ramirez Cruz -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Calderon Alejandro $240,353
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2012 08/12/12 Sold $254,000 +1.6% $134 / Sq Ft
06/12/2012 06/12/12 Pending -- -- --
02/06/2012 02/06/12 For Sale $250,000 -- $132 / 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 $4,116 $312,770 $189,632 $123,138
2024 $4,116 $306,638 $185,914 $120,724
2023 $4,043 $300,626 $182,269 $118,357
2022 $3,866 $294,733 $178,696 $116,037
2021 $3,812 $288,955 $175,193 $113,762
2020 $3,845 $285,993 $173,397 $112,596
2019 $3,706 $280,387 $169,998 $110,389
2018 $3,549 $274,890 $166,665 $108,225
2016 $3,378 $264,218 $160,195 $104,023
2015 $3,331 $260,250 $157,789 $102,461
2014 $3,354 $255,153 $154,699 $100,454
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P811247

California Regional Multiple Listing Service (CRMLS)

APN: 5185-036-016

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