NOT LISTED FOR SALE

2959 E 3rd St Los Angeles, CA 90033

Boyle Heights Neighborhood

Estimated Value: $712,000 - $1,020,000

5 Beds
2 Baths
1,648 Sq Ft
$480/Sq Ft Est. Value

Last Sold September 27, 2012

Last sale price $280,000 $170 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $4,562/month

160 Days on Market

Highlights

  • Wooded Lot
  • Wood Flooring
  • Gentle Sloping Lot
  • Felicitas and Gonzalo Mendez High Rated A-
  • Bungalow
  • 4-minute walk to Evergreen Recreation Center

About This Home

As of September 2012

Two Bunglow houses on a lot. A 3 bedroom/1 bath 1,032 square foot and 2 bedroom/1 bath 616 square foot houses. Rear house can be delivered vacant. Located in a very good neightborhood and close to Downtown Los Angeles, the Central business district, emplyoyment centers, transportation, and entertainment. Property is just east of Soto, South of Cesar Chavez, North of Whittier Boulevard and just off 4th Street.

Last Agent to Sell the Property

Christopher Foster

The Foster Company License #01406083 Listed on: 04/17/2012

Last Buyer's Agent

Eligio Ramirez

National, REALTORS License #01225248

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,402

Year Built

  • Built in 1922

Lot Details

  • 5,108 Sq Ft Lot
  • Gentle Sloping Lot
  • Wooded Lot

Home Design

  • 1,648 Sq Ft Home
  • Bungalow
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Paved Parking

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Overhead Utilities

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 0.1
  • Assessor Parcel Number 5179004048

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $900
  • Professional Management Expense $1,560
  • Trash Expense $500
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,688
  • Gross Income $2,600
  • Net Operating Income $22,698

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,402

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 8.08
  • Professional Management Expense: 1560.00
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LCR2
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5179004048
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 169.90

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Brick, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Concrete
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Gentle Sloping, Treed Lot, Utilities - Overhead
  • Lot Size Sq Ft: 5108.00
  • Lot Size Acres: 0.1170

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Average2 Bed Area: 616
  • Average3 Bed Area: 1032
  • Gross Income: 2600.00
  • Gross Multiplier: 9.01
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 900.00
  • Lot Size Area: 5108.0000 Square Feet
  • Maintenance Percent: 5.00
  • Net Operating Income: 22698.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Carpet: 2
  • Operating Expense: 7566.00
  • Operating Expense Percent: 25.00
  • Vacancy Allowance: 936
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 3688.00
  • Tax Area: 4
  • Tax Lot: 0.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 26, 2018
Sold by
Soto
Bought by
Soto >Hwcp
Current Estimated Value
$791,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.81%

Purchase Details

Closed on
Jun 28, 2017
Sold by
Martinez Jesus
Bought by
Soto James

Purchase Details

Closed on
Jan 4, 2016
Sold by
Martinez Jesus
Bought by
Soto James

Purchase Details

Closed on
Jul 26, 2010
Sold by
Hernandez John M and Hernandez Cecilia
Bought by
Cegabi Properties Llc

Purchase Details

Closed on
Jun 17, 2009
Sold by
Gonzalez Faviola
Bought by
Gonzalez George

Purchase Details

Closed on
Jun 8, 2009
Sold by
Gonzalez George
Bought by
Hernandez John M and Hernandez Cecilia

Purchase Details

Closed on
May 14, 2009
Sold by
Gonzalez Faviola
Bought by
Gonzalez George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2009
Sold by
Aurora Loan Services Llc
Bought by
Gonzalez George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2009
Sold by
Flores Maria
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Dec 21, 2006
Sold by
Guitierrez Luis E
Bought by
Flores Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2005
Sold by
Guitierrez Luis E
Bought by
Guitierrez Luis E and Flores Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
6.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2000
Sold by
Osuna Arnulfo and Osuna Isabel
Bought by
Gutierrez Luis E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,769
Interest Rate
7.54%
Mortgage Type
FHA
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
Soto >Hwcp -- --
Soto James -- None Available
Soto James -- None Available
Cegabi Properties Llc -- None Available
Gonzalez George -- Chicago Title Company
Hernandez John M -- Chicago Title Company
Gonzalez George -- Lsi Title Company Ca
Gonzalez George $182,000 Lsi Title Company Ca
Aurora Loan Services Llc $221,250 None Available
Flores Maria -- Commonwealth Land Title
Guitierrez Luis E -- Ticor Title Orange
Gutierrez Luis E $190,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Soto >Hwcp --
Previous Owner Gonzalez George $110,000
Previous Owner Flores Maria $395,000
Previous Owner Guitierrez Luis E $305,000
Previous Owner Gutierrez Luis E $186,769
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2012 09/27/12 Sold $280,000 -5.1% $170 / Sq Ft
09/24/2012 09/24/12 Pending -- -- --
04/17/2012 04/17/12 For Sale $295,000 -- $179 / 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 $4,402 $344,789 $147,765 $197,024
2024 $4,402 $338,029 $144,868 $193,161
2023 $4,321 $331,402 $142,028 $189,374
2022 $4,127 $324,905 $139,244 $185,661
2021 $4,072 $318,535 $136,514 $182,021
2020 $4,108 $315,270 $135,115 $180,155
2019 $3,954 $309,089 $132,466 $176,623
2018 $3,847 $303,029 $129,869 $173,160
2016 $3,666 $291,264 $124,827 $166,437
2015 $3,614 $286,889 $122,952 $163,937
2014 $3,638 $281,270 $120,544 $160,726
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Christopher Foster

    The Foster Company

    (562) 233-0479

    1 in this area

    6 Total Sales

    Christopher Foster
    Section Image

  • E

    Buyer's Agent in 2012

    Eligio Ramirez

    National, REALTORS

    (562) 320-6980

    2 Total Sales

    Eligio Ramirez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1202161

California Regional Multiple Listing Service (CRMLS)

APN: 5179-004-048

California Los Angeles County Los Angeles 90033 Boyle Heights

2959 E 3rd St, Los Angeles, CA

This home is located at 2959 E 3rd St, Los Angeles, CA 90033 since 17 April 2012 and is currently estimated at $791,220, approximately $480 per square foot. This property was built in 1922. 2959 E 3rd St is a home located in Los Angeles County with nearby schools including First Street Elementary School, Robert Louis Stevenson Middle School, and Theodore Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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