NOT LISTED FOR SALE

Estimated Value: $1,105,000 - $1,548,000

3 Beds
3 Baths
2,209 Sq Ft
$610/Sq Ft Est. Value

Last Sold June 01, 2016

Last sale price $780,000 $353 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $7,971/month

95 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Gated Parking
  • Wood Flooring
  • Abraham Lincoln High School Rated A
  • City Lights View
  • Spanish Architecture

About This Home

As of June 2016

HUGE PRICE DROP!! Charming and inviting Spanish style home in the heart of Cypress Park, Los Angeles. This is a multi family duplex property has one single story home in the front with 3 bedrooms and 3 bathrooms. This lovely home has a gated front yard with water effiy3cient landscaping! Home is bright and open with wooden flooring throughout, updated bathrooms, and kitchen with granite counter tops and Spanish tile back splash. Back detached 2 story unit is 1 bedroom and 1 bathroom. Home is updated, and well maintained and cared for. This home is in move in condition and ready for its next owner! This property is centrally located to nearby schools, freeways,shopping centers, and Downtown Los Angeles! This home is a definite MUST SEE.

Last Agent to Sell the Property

Ralph Ruiz

Gold Team Realty License #01259186 Listed on: 01/13/2016

Co-Listed By

Gisele Couture

Gold Team Realty License #01926081

Last Buyer's Agent

Les James

Onyx Realty & Finc. Serv., Inc License #01750560

Onyx Realty & Finc. Serv., Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,091

Year Built

  • Built in 1941

Lot Details

  • 5,200 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Block Wall Fence

Parking

  • 1 Car Garage
  • Parking Available
  • Single Garage Door
  • Shared Driveway
  • Gated Parking
  • Unassigned Parking

Home Design

  • Spanish Architecture

Interior Spaces

  • 2,209 Sq Ft Home
  • Recessed Lighting
  • Living Room with Fireplace
  • Wood Flooring
  • City Lights Views
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Cooling Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 188
  • Tax Tract Number 303
  • Assessor Parcel Number 5454028033

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $650
  • Water Sewer Expense $750
  • Gross Income $2,950
  • Net Operating Income $33,166

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,091

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Maintained, Paved
  • View: Yes
  • Water Sewer Expenses: 750.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 5454028033
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Recessed Lighting
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Price Per Square Foot: 353.10
  • Room Type: All Bedrooms Down

Exterior Features

  • Exterior Features: Lighting
  • View: City Lights
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Garage, Gated, Garage - Single Door, Shared Driveway, Unassigned
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Appliances: Dishwasher
  • Laundry Features: Washer Hookup
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Storm Drains

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5200.00
  • Price Per Lot Square Foot: 150.00
  • Lot Size Acres: 0.1190

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 2950.00
  • Gross Scheduled Income: 35400.00
  • Insurance Expense: 650.00
  • Lot Size Area: 5200.0000 Square Feet
  • Net Operating Income: 33166.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2234.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 188
  • Tax Tract Number: 303

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2016
Closed on
Apr 26, 2016
Sold by
Sarabia Maribel
Bought by
Seidel Rene Wolfgang and The Rene Wolfgang Seidel Revoc
Seller's Agent
Ralph Ruiz
Gold Team Realty
Buyer's Agent
Les James
Onyx Realty & Finc. Serv., Inc
List Price
$818,888
Sold Price
$780,000
Premium/Discount to List
-$38,888
-4.75%
Current Estimated Value
$1,346,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$566,413
Avg. Annual Appreciation
5.97%
Original Mortgage
$535,000
Outstanding Balance
$418,248
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$928,165

Purchase Details

Closed on
Mar 28, 2012
Sold by
Sarabia Maribel and Moncada Rosa
Bought by
Sarabia Maribel

Purchase Details

Closed on
Jul 31, 2006
Sold by
Sarabia Maribel
Bought by
Sarabia Maribel and Moncada Rosa

Purchase Details

Closed on
Apr 23, 2002
Sold by
Sarabia Maribel and Gonzales Yolanda
Bought by
Sarabia Maribel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.94%

Purchase Details

Closed on
Jun 15, 1999
Sold by
Lacasella Trust and Pauline A
Bought by
Sarabia Maribel and Gonzales Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,872
Interest Rate
7.2%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 22, 1993
Sold by
Lacasella Edith R and Hudson Pauline A
Bought by
Lacasella Edith R and Hudson Pauline A
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
Seidel Rene Wolfgang $780,000 Title 365
Sarabia Maribel -- None Available
Sarabia Maribel -- None Available
Sarabia Maribel -- Fidelity National Title Co
Sarabia Maribel $185,000 Equity Title Company
Lacasella Edith R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seidel Rene Wolfgang $535,000
Previous Owner Sarabia Maribel $184,000
Previous Owner Sarabia Maribel $182,872
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2016 06/01/16 Sold $780,000 -4.7% $353 / Sq Ft
04/17/2016 04/17/16 Pending -- -- --
01/13/2016 01/13/16 For Sale $818,888 -- $371 / 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 $11,091 $923,354 $532,705 $390,649
2024 $11,091 $905,250 $522,260 $382,990
2023 $10,875 $887,501 $512,020 $375,481
2022 $10,367 $870,100 $501,981 $368,119
2021 $10,234 $853,040 $492,139 $360,901
2020 $10,336 $844,294 $487,093 $357,201
2019 $9,925 $827,741 $477,543 $350,198
2018 $9,835 $811,512 $468,180 $343,332
2016 $3,093 $251,699 $158,757 $92,942
2015 $3,048 $247,919 $156,373 $91,546
2014 $3,069 $243,063 $153,310 $89,753
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG16007830

California Regional Multiple Listing Service (CRMLS)

APN: 5454-028-033