NOT LISTED FOR SALE

3100 Phelps Ave Los Angeles, CA 90032

El Sereno Neighborhood

Estimated Value: $784,000 - $1,026,732

5 Beds
3 Baths
1,874 Sq Ft
$482/Sq Ft Est. Value

Last Sold March 22, 2016

Last sale price $410,000 $219 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $5,391/month

2 Days on Market

Highlights

  • No HOA
  • Abraham Lincoln High School Rated A
  • 1 Car Garage

About This Home

As of March 2016

Good opportunity. Consists of two UNITS on a lot, UNIT #1 is a 3Bedrooms and 1 bathroom UNIT #2 is 2bedrooms and 1 bathroom. And one car garage and long driveway. One unit will be delivered vacant at COE. The property is in need of SOME EXTERIOR WORK AND INTERIOR TLC. Buyer and buyer's agent are advised to verify permits and square footage with official records to satisfy themselves. Property is being sold in present AS IS physical condition.

Last Agent to Sell the Property

Giomar Vasquez

G & V Options & Solutions Inc License #01500295 Listed on: 02/26/2016

Last Buyer's Agent

Giomar Vasquez

G & V Options & Solutions Inc License #01500295 Listed on: 02/26/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,140

Year Built

  • Built in 1938

Lot Details

  • 7,552 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 1,874 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas, grounds care, trash collection, water
  • Tax Lot 116
  • Tax Tract Number 3479
  • Assessor Parcel Number 5218020024

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $50
  • Water Sewer Expense $50
  • New Taxes Expense $5,000
  • Gross Income $1,330

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,140

Year Built

Built in 1938

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 50.00
  • Property Type: Residential Income
  • Parcel Number: 5218020024
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 218.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7552.00
  • Price Per Lot Square Foot: 54.29
  • Lot Size Acres: 0.1730

Rental Info

  • Tenant Pays: Electricity, Gas, Grounds Care, Trash Collection, Water

Multi Family

  • Electric Expense: 50.00
  • Gross Income: 1330.00
  • Gross Scheduled Income: 15960.00
  • Lot Size Area: 7552.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Lot: 116
  • Tax Tract Number: 3479

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2016
Sold by
Armas Thomas and Armas Denise C
Bought by
Armas Thomas and Armas Denise C
Current Estimated Value
$902,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 26, 2016
Closed on
Mar 16, 2016
Sold by
Mendoza Manuel A and Mendoza Maria L
Bought by
Armas Family Trust
Seller's Agent
Giomar Vasquez
G & V Options & Solutions Inc
Buyer's Agent
Giomar Vasquez
G & V Options & Solutions Inc
List Price
$399,000
Sold Price
$410,000
Premium/Discount to List
$11,000
2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.56%
Original Mortgage
$425,000
Interest Rate
3.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2007
Sold by
Mendoza Manuel A
Bought by
Mendoza Manuel A and Mendoza Maria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.73%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 2, 2007
Sold by
Mendoza Manuel A and Mendoza Lydia A
Bought by
Mendoza Manuel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.73%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 19, 1994
Sold by
Mendoza Manuel A and Mendoza Lydia A
Bought by
Mendoza Manuel A and Mendoza Lydia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,800
Interest Rate
7.2%

Purchase Details

Closed on
Dec 10, 1993
Sold by
Mendoza Manuel C and Mendoza Maria L
Bought by
Mendoza Manuel A and Mendoza Lydia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,800
Interest Rate
7.2%
Source: Public Records

Range of Values:

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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
Armas Thomas -- Stewart Title Company
Armas Family Trust $410,000 Chicago Title
Mendoza Manuel A -- Gateway Title Company
Mendoza Manuel A -- Gateway Title Company
Mendoza Manuel A -- --
Mendoza Manuel A -- Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armas Thomas $200,000
Open Armas Thomas $412,500
Open Arias Thomas $885,000
Closed Armas Thomas $520,000
Closed Armas Thomas $430,000
Closed Armas Family Trust $425,000
Previous Owner Mendoza Lydia A $230,000
Previous Owner Mendoza Manuel A $59,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2016 03/22/16 Sold $410,000 +2.8% $219 / Sq Ft
01/30/2016 01/30/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $399,000 -- $213 / 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 $6,140 $485,351 $366,974 $118,377
2024 $6,140 $475,835 $359,779 $116,056
2023 $6,027 $466,506 $352,725 $113,781
2022 $5,756 $457,359 $345,809 $111,550
2021 $5,680 $448,392 $339,029 $109,363
2020 $5,733 $443,795 $335,553 $108,242
2019 $5,517 $435,094 $328,974 $106,120
2018 $5,387 $426,564 $322,524 $104,040
2016 $870 $51,723 $21,924 $29,799
2015 $860 $50,947 $21,595 $29,352
2014 $879 $49,950 $21,172 $28,778
Source: Public Records

Agents Affiliated with this Home

  • Giomar Vasquez

    Seller's Agent in 2016

    Giomar Vasquez

    G & V Options & Solutions Inc

    (562) 857-1007

    40 Total Sales

    Giomar Vasquez
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16019249

California Regional Multiple Listing Service (CRMLS)

APN: 5218-020-024

California Los Angeles County Los Angeles 90032 El Sereno

3100 Phelps Ave, Los Angeles, CA

This home is located at 3100 Phelps Ave, Los Angeles, CA 90032 since 26 February 2016 and is currently estimated at $902,433, approximately $481 per square foot. This property was built in 1938. 3100 Phelps Ave is a home located in Los Angeles County with nearby schools including Sierra Park Elementary, El Sereno Middle School, and Woodrow Wilson Senior High.

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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