NOT LISTED FOR SALE

Estimated Value: $739,000 - $1,081,308

6 Beds
5 Baths
2,752 Sq Ft
$326/Sq Ft Est. Value

Last Sold July 13, 2023

Last sale price $665,000 $242 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $5,304/month

50 Days on Market

About This Home

As of July 2023

This charming duplex located at 309 E 36th St in Los Angeles presents an excellent investment opportunity, with two separate standing dwellings on one lot. The front house is a classic Craftsman style home with four generous bedrooms and two bathrooms. The home features traditional details, such as hardwood floors and ample windows that provide natural light. The living room has a cozy fireplace, while the dining room is perfect for hosting family and friends. The kitchen retains its original charm and features, including vintage cabinetry and countertops. The front porch and backyard provide ample outdoor space for relaxation and entertainment.

The back unit is a quaint two-bedroom and two-bathroom home, perfect for smaller households. The interior features engineered hardwood floors. The kitchen retains its original character, with vintage cabinetry and countertops.

Both units are currently rented, providing a stable income stream for the property. This is an ideal opportunity for investors seeking a property that generates consistent cash flow. The location is convenient, with easy access to major highways, public transportation, and local amenities. Don't miss the chance to own this duplex in a desirable neighborhood, perfect for generating rental income.

Last Agent to Sell the Property

Bryan Ochse

Media West Realty,Inc. License #01451724 Listed on: 04/28/2023

Last Buyer's Agent

Sam Solano

Media West Realty,Inc. License #02033068

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1906

Lot Details

  • 5,182 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,752 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 5120014007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $1,873
  • Water Sewer Expense $4,500
  • New Taxes Expense $7,980
  • Operating Expense $15,553
  • Gross Income $44,184
  • Net Operating Income $27,747

Property Details

Home Type

Multi-Family

Year Built

Built in 1906

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 4500.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5120014007
  • Year Built: 1906
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 241.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 5182.00
  • Lot Size Acres: 0.1190

Multi Family

  • Gross Income: 44184.00
  • Gross Scheduled Income: 44184.00
  • Insurance Expense: 1873.00
  • Lot Size Area: 5182.0000 Square Feet
  • Net Operating Income: 27747.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 15553.00
  • Rent Control: Yes
  • Total Expenses: 15553.00

Tax Info

  • New Taxes Expense: 7980.00
  • Tax Census Tract: 2284.10
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2023
Closed on
Jul 11, 2023
Sold by
Hernandez Brenda
Bought by
Torres Flavin Noe
Seller's Agent
Bryan Ochse
Media West Realty,Inc.
Buyer's Agent
Sam Solano
Media West Realty,Inc.
List Price
$665,000
Sold Price
$665,000
Views
89
Current Estimated Value
$889,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,226
Avg. Annual Appreciation
12.60%
Original Mortgage
$498,750
Outstanding Balance
$486,359
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$411,468

Purchase Details

Listed on
Apr 28, 2023
Closed on
Jun 15, 2023
Sold by
William V Harrison Trust
Bought by
Torres Guadalupe and Torres Consuelo
Seller's Agent
Bryan Ochse
Media West Realty,Inc.
Buyer's Agent
Sam Solano
Media West Realty,Inc.
List Price
$665,000
Sold Price
$665,000
Views
89

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,750
Outstanding Balance
$486,359
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$411,468

Purchase Details

Closed on
Jul 30, 2005
Sold by
Harrison William V
Bought by
Harrison William V and The William V Harrison Trust
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
Torres Flavin Noe -- Monarch Title
Torres Guadalupe $665,000 Monarch Title
Harrison William V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Guadalupe $498,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2023 07/13/23 Sold $665,000 0.0% $242 / Sq Ft
06/14/2023 06/14/23 Price Changed $665,000 +7.3% $242 / Sq Ft
05/30/2023 05/30/23 Price Changed $619,999 -6.8% $225 / Sq Ft
04/28/2023 04/28/23 For Sale $665,000 -- $242 / 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 $8,404 $678,300 $525,300 $153,000
2024 $8,404 $665,000 $515,000 $150,000
2023 $9,961 $795,000 $520,000 $275,000
2022 $1,714 $111,086 $22,815 $88,271
2021 $1,678 $108,909 $22,368 $86,541
2020 $1,687 $107,793 $22,139 $85,654
2019 $1,635 $105,680 $21,705 $83,975
2018 $1,525 $103,609 $21,280 $82,329
2016 $1,428 $99,587 $20,454 $79,133
2015 $1,411 $98,092 $20,147 $77,945
2014 $1,429 $96,172 $19,753 $76,419
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB23072278

California Regional Multiple Listing Service (CRMLS)

APN: 5120-014-007