NOT LISTED FOR SALE

Estimated Value: $724,000 - $891,000

5 Beds
4 Baths
1,950 Sq Ft
$414/Sq Ft Est. Value

Sale Details

Date Sold: March 7, 2019

Last sale price $585,000 $300 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,026 / mo

17 Days on Market

Highlights

  • Property is near public transit
  • Traditional Architecture
  • Corner Lot
  • Lincoln High School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of March 2019

Great opportunity to own a turnkey 3-unit investment property in a prime location in up-and-coming El Sereno. There is tremendous potential & upside with this property, conveniently located close to Cal State LA, Downtown LA, USC Medical Center, South Pasadena, and Alhambra. This turnkey property boasts a large, detached 3-bed, 2-bath home with a large yard, ample parking and a garage. There is a separate duplex with 2 units, each with 1-bed & 1-bath. There are up to 8 parking spots available at the property, which is a huge bonus in this area. Located near shopping, dining, transportation, parks, and schools, this location is highly desirable. Numerous upgrades at the home include partial copper plumbing, new doors & windows, new electrical panels, upgrades to the foundation, and much more. With significant development in the area, the El Sereno market is red hot and this property provides endless future potential. Don’t miss this fabulous opportunity!

Last Agent to Sell the Property

Dean Griffith

Coldwell Banker Realty License #01452542 Listed on: 01/14/2019

Coldwell Banker Realty

Last Buyer's Agent

Andrew Munoz

Keller Williams Pacific Estate License #01989243

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 6,216 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • South Facing Home
  • Corner Lot
  • Back Yard

Parking

  • 1 Car Garage
  • 7 Open Parking Spaces
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 1,950 Sq Ft Home
  • Living Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 72
  • Tax Tract Number 7784
  • Assessor Parcel Number 5220021014

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,062
  • Water Sewer Expense $1,500
  • New Taxes Expense $7,475
  • Operating Expense $10,037
  • Gross Income $34,464
  • Net Operating Income $24,427

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

6,216 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1500.00
  • Zoning: LAR1
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5220021014
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Wood
  • Price Per Square Foot: 300.00
  • Room Type: Kitchen, Living Room

Exterior Features

  • Direction Faces: South
  • Foundation: Raised, Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Asphalt, Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Near Public Transit
  • Lot Size Sq Ft: 6216.00
  • Lot Size Acres: 0.1427

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 34464.00
  • Gross Scheduled Income: 34464.00
  • Insurance Expense: 1062.00
  • Lot Size Area: 6216.0000 Square Feet
  • Net Operating Income: 24427.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 10037.00
  • Rent Control: Yes
  • Total Expenses: 10037.00

Tax Info

  • New Taxes Expense: 7475.00
  • Tax Census Tract: 2016.02
  • Tax Lot: 72
  • Tax Tract Number: 7784

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2025
Sold by
Ruiz Jose H
Bought by
Jhr Trust and Ruiz
Current Estimated Value
$808,042

Purchase Details

Listed on
Jan 14, 2019
Closed on
Feb 1, 2019
Sold by
Escandon Joe C and Escandon Emma Y
Bought by
Ruiz Jose H
Seller's Agent
Dean Griffith
Coldwell Banker Realty
Buyer's Agent
Andrew Munoz
Keller Williams Pacific Estate
List Price
$598,000
Sold Price
$585,000
Premium/Discount to List
-$13,000
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.66%
Original Mortgage
$292,500
Interest Rate
6.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 12, 2002
Sold by
Navas Francisco and Aguilar Maribel
Bought by
Escandon Joe C and Escandon Emma Y
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jhr Trust -- Accommodation/Courtesy Recordi
Ruiz Jose H $585,000 Equity Title Los Angeles
Escandon Joe C $207,500 Southland Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ruiz Jose H $292,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2019 03/07/19 Sold $585,000 -2.2% $300 / Sq Ft
01/31/2019 01/31/19 Pending -- -- --
01/14/2019 01/14/19 For Sale $598,000 -- $307 / 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 $8,093 $652,572 $373,696 $278,876
2024 $8,093 $639,777 $366,369 $273,408
2023 $7,940 $627,234 $359,186 $268,048
2022 $7,578 $614,937 $352,144 $262,793
2021 $7,482 $602,881 $345,240 $257,641
2020 $7,554 $596,700 $341,700 $255,000
2019 $3,583 $269,392 $156,444 $112,948
2018 $3,462 $264,111 $153,377 $110,734
2016 $3,296 $253,857 $147,422 $106,435
2015 $3,251 $250,045 $145,208 $104,837
2014 $3,288 $245,148 $142,364 $102,784
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR19010061

California Regional Multiple Listing Service (CRMLS)

APN: 5220-021-014

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