NOT LISTED FOR SALE

Estimated Value: $749,000 - $951,000

6 Beds
3 Baths
2,073 Sq Ft
$421/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $810,000 $391 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,053/month

19 Days on Market

About This Home

As of January 2024

Discover an ideal triplex in vibrant Manchester Square, Los Angeles, just a 10-minute drive from the University of Southern California. This property offers a spacious three-bedroom, one-bath front unit spanning approximately 900 square feet. The two additional units, each one bedroom and one bath (with one unit using a storage room as a second bedroom). Positioned close to the 110 freeway and merely 15 minutes from downtown LA, this triplex is delivered completely vacant at close of escrow, offering flexibility for homeownership or investment. Whether you're seeking a residence with rental income potential or an investor's dream, this prime location caters to both lifestyle and financial goals.

Last Agent to Sell the Property

Fulvia Garcia

Century 21 LOTUS License #01837612 Listed on: 11/22/2023

Century 21 LOTUS

Last Buyer's Agent

Franco DeLeon

EXP REALTY OF CALIFORNIA INC License #02144939

EXP REALTY OF CALIFORNIA INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,469

Year Built

  • Built in 1921

Lot Details

  • 5,529 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,073 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 81
  • Tax Tract Number 2
  • Assessor Parcel Number 6031022012
  • $379 per year additional tax assessments

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,600
  • Trash Expense $160
  • Water Sewer Expense $300
  • Operating Expense $3,060
  • Gross Income $90,000
  • Net Operating Income $6,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,469

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 300.00
  • Zoning: LAR2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6031022012
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 390.74

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 160.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5529.00
  • Lot Size Acres: 0.1269

Multi Family

  • Gross Income: 90000.00
  • Gross Scheduled Income: 7500.00
  • Insurance Expense: 2600.00
  • Lot Size Area: 5529.0000 Square Feet
  • Net Operating Income: 6940.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 560.00
  • Rent Control: Yes
  • Total Expenses: 3060.00

Tax Info

  • Tax Census Tract: 2397.01
  • Tax Lot: 81
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 379.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2023
Closed on
Dec 12, 2023
Sold by
Sosa Family Trust
Bought by
Banales Bryan Elias and Santana Marlyn Tina
Seller's Agent
Fulvia Garcia
Century 21 LOTUS
Buyer's Agent
Franco DeLeon
EXP REALTY OF CALIFORNIA INC
List Price
$725,000
Sold Price
$810,000
Premium/Discount to List
$85,000
11.72%
Views
1381
Current Estimated Value
$872,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,289
Avg. Annual Appreciation
4.30%
Original Mortgage
$659,340
Outstanding Balance
$647,189
Interest Rate
6.95%
Mortgage Type
FHA
Estimated Equity
$225,100

Purchase Details

Closed on
May 3, 2018
Sold by
Sosa Oscar
Bought by
Sosa Oscar and Sosa Sandra

Purchase Details

Listed on
May 22, 2013
Closed on
Apr 29, 2013
Sold by
Rancho Horizon Llc
Bought by
Sosa Oscar and Sosa Sandra A
Seller's Agent
Rick Young
Young Estate Services
Buyer's Agent
Jose S Centeno
Century 21 Masters
List Price
$369,000
Sold Price
$351,000
Premium/Discount to List
-$18,000
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%
Original Mortgage
$263,250
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2012
Sold by
Rajadas Sheiba R
Bought by
Rancho Horizon Llc

Purchase Details

Closed on
Jan 24, 2005
Sold by
Rajadas Sheiba R
Bought by
Pitts Robert O

Purchase Details

Closed on
May 23, 2004
Sold by
Pitts Andre C and Estate Of Arlice C Pitts
Bought by
Rajadas Sheiba R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Banales Bryan Elias $810,000 Fidelity National Title
Sosa Oscar -- None Available
Sosa Oscar $351,000 Ticor Title Riverside
Rancho Horizon Llc $202,000 Accommodation
Pitts Robert O -- None Available
Rajadas Sheiba R $265,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banales Bryan Elias $659,340
Previous Owner Sosa Oscar $263,250
Previous Owner Rajadas Sheiba R $198,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/26/2024 01/26/24 Sold $810,000 +11.7% $391 / Sq Ft
12/11/2023 12/11/23 Pending -- -- --
12/10/2023 12/10/23 For Sale $725,000 -10.5% $350 / Sq Ft
12/05/2023 12/05/23 Off Market $810,000 -- --
11/22/2023 11/22/23 For Sale $725,000 +106.6% $350 / Sq Ft
05/31/2013 05/31/13 Sold $351,000 -4.9% $169 / Sq Ft View Prior Sale
05/22/2013 05/22/13 For Sale $369,000 -- $178 / Sq Ft
04/25/2013 04/25/13 Pending -- -- --
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 $5,469 $826,200 $561,000 $265,200
2024 $5,469 $423,743 $229,376 $194,367
2023 $5,368 $415,435 $224,879 $190,556
2022 $5,126 $407,290 $220,470 $186,820
2021 $5,056 $399,305 $216,148 $183,157
2019 $4,909 $387,463 $209,738 $177,725
2018 $4,834 $379,867 $205,626 $174,241
2016 $4,608 $365,119 $197,643 $167,476
2015 $4,543 $359,636 $194,675 $164,961
2014 $4,576 $352,592 $190,862 $161,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23215674

California Regional Multiple Listing Service (CRMLS)

APN: 6031-022-012