NOT LISTED FOR SALE

Estimated Value: $1,072,139 - $1,282,000

7 Beds
3 Baths
2,400 Sq Ft
$509/Sq Ft Est. Value

Last Sold September 15, 2019

Last sale price $825,000 $344 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $7,426/month

232 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Front Yard

About This Home

As of September 2019

Excellent investment opportunity to own in West Adams area, one of the most rapidly transformed neighborhoods of Los Angeles. This 3 unit multi family property features spacious 3 bed 1 bath front single family residence, back building is 2 units each 2 bedrooms 1 bath. Zoned Rd1.5 and just under 7,000 sqft lot. Property is walking distance to Metro Expo Line stops on Jefferson Blvd. Centrally located near Elementary and Middle Schools, groceries stores and both Adams Blvd and Jefferson Blvd have added new retail venues, including CrossFit, Vees Cafe (organic coffee shop), Normandie French Cafe & Delicious Pizza. Conveniently located near 10 freeway.

Last Agent to Sell the Property

Guadalupe Navarrete

Keller Williams Pacific Estate License #01859748 Listed on: 11/19/2018

Keller Williams Pacific Estate

Last Buyer's Agent

Carol Olney

The Real Estate Professionals License #01220002

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,084

Year Built

  • Built in 1947

Lot Details

  • 6,900 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • 2,400 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 96
  • Tax Tract Number 6710
  • Assessor Parcel Number 5049023045

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,084

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5049023045
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 343.75

Exterior Features

  • Pool Private: No

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Near Public Transit, Walkstreet
  • Lot Size Sq Ft: 6900.00
  • Lot Size Acres: 0.1584

Multi Family

  • Lot Size Area: 6900.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2198.00
  • Tax Lot: 96
  • Tax Tract Number: 6710

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2019
Sold by
Navarrete Miguel
Bought by
Medina Victor Hugo and Medina Yeimy
Current Estimated Value
$1,221,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2006
Sold by
Navarrete Miguel and Navarette Miguel
Bought by
Navarrete Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2000
Sold by
Gallardo Adrian
Bought by
Navarette Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
8.24%

Purchase Details

Closed on
Jun 5, 1998
Sold by
Federal National Mortgage Association
Bought by
Gallardo Adrian and R Miguel Navarette J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,342
Interest Rate
7.17%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 6, 1998
Sold by
Ramirez Irma and Ramirez Gerardo
Bought by
Federal National Mortgage Association
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
Medina Victor Hugo $825,000 Provident Title
Navarrete Miguel -- Fidelity National Financial
Navarette Miguel -- Southland Title Company
Gallardo Adrian $150,000 Investors Title Company
Federal National Mortgage Association $167,504 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Medina Victor Hugo $742,500
Previous Owner Navarrete Miguel $40,000
Previous Owner Navarette Miguel $175,500
Previous Owner Gallardo Adrian $147,342
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2019 09/15/19 Sold $825,000 -0.6% $344 / Sq Ft
07/09/2019 07/09/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $830,000 +0.6% $346 / Sq Ft
04/01/2019 04/01/19 Off Market $825,000 -- --
04/01/2019 04/01/19 Pending -- -- --
02/25/2019 02/25/19 For Sale $830,000 +0.6% $346 / Sq Ft
02/24/2019 02/24/19 Off Market $825,000 -- --
11/19/2018 11/19/18 For Sale $830,000 -- $346 / 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 $11,084 $902,254 $820,233 $82,021
2024 $11,084 $884,563 $804,150 $80,413
2023 $10,877 $867,220 $788,383 $78,837
2022 $10,383 $850,217 $772,925 $77,292
2021 $10,251 $833,547 $757,770 $75,777
2020 $10,353 $825,220 $750,000 $75,220
2019 $3,342 $246,305 $178,871 $67,434
2018 $3,219 $241,481 $175,364 $66,117
2016 $3,066 $231,894 $168,555 $63,339
2015 $3,025 $228,412 $166,024 $62,388
2014 $3,057 $223,938 $162,772 $61,166
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18276704

California Regional Multiple Listing Service (CRMLS)

APN: 5049-023-045