NOT LISTED FOR SALE

312 E Lanzit Ave Los Angeles, CA 90061

Green Meadows Neighborhood

Estimated Value: $672,000 - $912,000

4 Beds
3 Baths
1,232 Sq Ft
$645/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $415,700 $337 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $4,640/month

9 Days on Market

About This Home

As of August 2017

Great & basic investment opportunity (3 UNITS) for an investor. For future development, this triplex has a great frontage (In the range of 80 feet) on Lanzit at the "soft corner" with Imperial HWY. This triplex is comprised of a SFR on the side of a two story bldg., housing the duplex, both buildings are facing the street. All three (3) units are tenant occupied. In accordance to title's "property profile" there should be a total of 4 bedrooms & 3 bathrooms. Property is being sold in "AS IS & WHERE IS" condition & buyers are strongly advised to do their own independent due diligence work regarding all & any issues including but not limited to permits, number of legal bedrooms & bathrooms, any violations, etc., UNITS NEED WORK. PLEASE DO NOT DISTURB THE TENANTS UNDER ANY CIRCUMSTANCES. Viewing and inspecting the interior of the units would be with accepted offer only.

Last Agent to Sell the Property

Shawn Sedghi

Nelson Shelton & Associates License #01027773 Listed on: 07/23/2017

Nelson Shelton & Associates

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 8,987 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,232 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 6083-005-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

8,987 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: "Seller and Listing Broker do not guaranty the accuracy of the square footage, bedroom/bathroom count, lot size, or any other information concerning the features of the Property. All information provided was sourced from the seller and from public records. Buyer and Selling broker are advised to verify the accuracy of the information, and to independently determine whether the Property is suitable for Buyer's proposed use."
  • Living Area: 1232
  • Probate: No
  • Stories: 2
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 340.00

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 2

Lot Info

  • Assessed Improvement Value: 97279
  • Assessed Land Value: 132111
  • Assessor Parcel Number: 6083-005-012
  • Geocode Override: No
  • Lot Size Area: 8987

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Type Of Units: SFR & Duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2017
Closed on
Aug 24, 2017
Sold by
The Bank Of New York Mellon
Bought by
Calderon Abel and Calderon John A
Seller's Agent
Shawn Sedghi
Nelson Shelton & Associates
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$419,900
Sold Price
$415,700
Premium/Discount to List
-$4,200
-1%
Current Estimated Value
$794,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$378,633
Avg. Annual Appreciation
7.95%

Purchase Details

Closed on
May 31, 2017
Sold by
Contreras Ramon
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Apr 18, 2013
Sold by
Dye Carolyn A and Estate Of Ramon Contreras
Bought by
Erg Capital Llc

Purchase Details

Closed on
Apr 10, 2006
Sold by
Contreras Rosario
Bought by
Contreras Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,900
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2003
Sold by
Hud
Bought by
Contreras Ramon and Contreras Rosario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.15%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 15, 2002
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Oct 12, 1999
Sold by
Buchanan Marie and Castle Mary
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Jul 20, 1998
Sold by
Billones Edwin
Bought by
Buchanan Marie and Castle Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,340
Interest Rate
6.42%
Mortgage Type
FHA

Purchase Details

Closed on
May 5, 1998
Sold by
Billones Charity
Bought by
Billones Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,230
Interest Rate
7.13%

Purchase Details

Closed on
Apr 30, 1998
Sold by
Home Svgs Of America
Bought by
Billones Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,230
Interest Rate
7.13%

Purchase Details

Closed on
Oct 21, 1997
Sold by
Altamirano Maria X and Coast Federal Bank Fsb
Bought by
Coast Federal Bank Fsb

Purchase Details

Closed on
May 19, 1995
Sold by
Altamirano Maria Xochitl
Bought by
Gonzalez Sam

Purchase Details

Closed on
Jun 27, 1994
Sold by
Gonzalez Sam and Gonzalez Donand
Bought by
Altamirano Maria Xochitl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
4.37%

Purchase Details

Closed on
Jun 24, 1994
Sold by
Gonzalez Donand and Gonzalez Sam
Bought by
Gonzalez Donand and Gonzalez Sam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
4.37%

Purchase Details

Closed on
Mar 30, 1994
Sold by
Gonzalez Donand
Bought by
Gonzalez Sam and Gonzalez Donand

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,300
Interest Rate
4.25%

Purchase Details

Closed on
Feb 1, 1994
Sold by
Long Beach Bank Fsb
Bought by
Gonzalez Donand

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,300
Interest Rate
4.25%
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
Calderon Abel $416,000 Old Republic Title Company
The Bank Of New York Mellon $373,150 Accommodation
Erg Capital Llc -- None Available
Contreras Ramon -- Nations
Contreras Ramon $191,000 --
Hud -- Fidelity National Title Ins
Chase Manhattan Mtg Corp $248,339 Fidelity National Title Ins
Buchanan Marie $240,000 Benefit Land Title Company
Billones Edwin -- Investors Title Company
Billones Edwin $125,000 Investors Title Company
Coast Federal Bank Fsb $150,000 Lawyers Title
Gonzalez Sam -- --
Altamirano Maria Xochitl $189,000 Progressive Title Company
Gonzalez Donand -- --
Gonzalez Sam -- --
Gonzalez Donand $97,000 Southern California Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Contreras Ramon $368,900
Previous Owner Contreras Ramon $200,000
Previous Owner Buchanan Marie $231,340
Previous Owner Billones Edwin $123,230
Previous Owner Altamirano Maria Xochitl $151,200
Previous Owner Gonzalez Donand $87,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2017 08/31/17 Sold $415,700 -1.0% $337 / Sq Ft
08/01/2017 08/01/17 Pending -- -- --
07/23/2017 07/23/17 For Sale $419,900 -- $341 / Sq Ft
Source: The MLS

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 $6,571 $473,331 $348,173 $125,158
2024 $6,571 $464,051 $341,347 $122,704
2023 $6,455 $454,953 $334,654 $120,299
2022 $6,103 $446,034 $328,093 $117,941
2021 $6,019 $437,289 $321,660 $115,629
2020 $6,069 $432,806 $318,362 $114,444
2019 $5,850 $424,320 $312,120 $112,200
2018 $5,832 $416,000 $306,000 $110,000
2016 $3,532 $229,390 $132,111 $97,279
2015 $3,483 $225,945 $130,127 $95,818
2014 $3,504 $221,520 $127,578 $93,942
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Shawn Sedghi

    Nelson Shelton & Associates

    (310) 696-4000

    Shawn Sedghi
    Section Image

  • S

    Buyer's Agent in 2017

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 17-254638

The MLS

APN: 6083-005-012

California Los Angeles County Los Angeles 90061 Green Meadows

312 E Lanzit Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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