NOT LISTED FOR SALE

Estimated Value: $780,000 - $863,545

4 Beds
2 Baths
1,736 Sq Ft
$477/Sq Ft Est. Value

Last Sold May 22, 2015

Last sale price $415,000 $239 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $4,972/month

75 Days on Market

Highlights

  • No HOA
  • Felicitas and Gonzalo Mendez High Rated A-
  • 2 Detached Carport Spaces

About This Home

As of May 2015

Highly desirable two separate houses on lot have always rented quickly with stable tenants. Excellent opportunity for a family to live in one house & rent the other. Property has a two car detached carport, patio area with a built-in BBQ, well-situated houses with privacy to each, centrally located to Downtown Los Angeles, Metro Gold line, freeways, etc. elementary school is just a few doors away. Rent control district. Both houses have various upgrades, but still need additional work, etc. This area is quickly growing in demand for these type of homes, much potential for growth - simply an excellent Los Angeles opportunity.

FRONT HOUSE is the original structure, year built unknown, 2 bedrooms, 3rd room used as bedroom, hardwood floors, tile, carpet, charming front porch, front yard fenced. Long driveway with additional parking. BACK HOUSE: stucco exterior, year built per tax assessor 1960, 2 bedrooms, 1 bathroom; clean, carpet, tile, back and side yards. Both houses have separate laundry areas.

Last Agent to Sell the Property

Andrea Elizalde

RE/MAX MASTERS REALTY License #00709443 Listed on: 01/07/2015

RE/MAX MASTERS REALTY

Last Buyer's Agent

Andrea Elizalde

RE/MAX MASTERS REALTY License #00709443 Listed on: 01/07/2015

RE/MAX MASTERS REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,987

Year Built

  • Built in 1960

Lot Details

  • 6,500 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 1,736 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • 2 Detached Carport Spaces
  • Parking Available
  • Driveway
  • Paved Parking

Listing and Financial Details

  • Tax Lot 161
  • Tax Tract Number 2038
  • Assessor Parcel Number 5178015008

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,987

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 5178015008
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 239.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Covered, Carport, Detached Carport, Concrete, Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 6500.00
  • Lot Size Acres: 0.1490

Multi Family

  • Lot Size Area: 6500.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Actual Rent: 3300.00

Tax Info

  • Tax Lot: 161
  • Tax Tract Number: 2038
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2015
Closed on
Apr 6, 2015
Sold by
Lugo Steve A
Bought by
Hughes Casey Shenton and Hughes Sally S
Seller's Agent
Andrea Elizalde
RE/MAX MASTERS REALTY
Buyer's Agent
Andrea Elizalde
RE/MAX MASTERS REALTY
List Price
$450,000
Sold Price
$415,000
Premium/Discount to List
-$35,000
-7.78%
Current Estimated Value
$827,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$412,886
Avg. Annual Appreciation
6.85%
Original Mortgage
$332,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 1994
Sold by
Diaz Robert and Diaz Hortensia
Bought by
Lugo Steve A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.24%
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
Hughes Casey Shenton $415,000 Orange Coast Title Company
Lugo Steve A -- Gateway Title Company
Lugo Steve A -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hughes Casey Shenton $332,000
Previous Owner Lugo Steve A $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2015 05/22/15 Sold $415,000 -7.8% $239 / Sq Ft
03/23/2015 03/23/15 Pending -- -- --
01/07/2015 01/07/15 For Sale $450,000 -- $259 / 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 $6,987 $569,438 $378,577 $190,861
2024 $6,987 $558,273 $371,154 $187,119
2023 $6,854 $547,327 $363,877 $183,450
2022 $6,540 $536,596 $356,743 $179,853
2021 $6,454 $526,076 $349,749 $176,327
2020 $6,515 $520,682 $346,163 $174,519
2019 $6,263 $510,474 $339,376 $171,098
2018 $6,152 $500,466 $332,722 $167,744
2016 $5,159 $421,328 $319,803 $101,525
2015 $3,440 $270,103 $183,844 $86,259
2014 $3,464 $264,813 $180,243 $84,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15003995

California Regional Multiple Listing Service (CRMLS)

APN: 5178-015-008