$225,000
SOLD OCT 17, 2012

3233 Inez St Los Angeles, CA 90023

4 Beds
3 Baths
1,580 Sq Ft
5,612 Sq Ft Lot

Recently Sold

$142 Per Sq Ft

20% Below List Price

223 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Awning
  • Felicitas and Gonzalo Mendez High Rated A-
  • Laundry Room
  • Carpet

About This Home

As of March 2013

Great Duplex just North of the 60 Freeway in Boyle Heights. The two units are set up on the lot in such a way that they feel private from one another but are also just close enough that both units could be used by one family. You will enjoy the convenience of being close to markets, major freeways, and schools. The neighborhood is undergoing major upgrades with new development coming in which gives this property excellent investment potential. The main unit is currently vacant and has a great layout featuring 3 bedrooms and 2 bathrooms. You will never have to go the laundry mat again, this unit features a very large, very convenient, indoor laundry room. There is a large cellar underneath the unit for all of your storage needs. The back unit has 1 bedroom and 1 full bathroom and has an attached 1 car garage. It is in great condition and is currently being leased to a dependable, quite tenant who would like to stay if possible. The current tenant is paying $500/month and is on a month to month lease. This is a great opportunity to live in the larger unit and save $500/month on your mortgage, without even having to find a tenant.

Last Agent to Sell the Property

STEPHEN FANTAZIA

Stephen Fantazia, Broker License #01471330 Listed on: 02/15/2012

Last Buyer's Agent

STEPHEN FANTAZIA

GREENVISTA REALTY License #01471330

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,608

Year Built

  • Built in 1932

Lot Details

  • 5,612 Sq Ft Lot

Parking

  • 1 Car Garage

Interior Spaces

  • 1,580 Sq Ft Home
  • Awning
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 571
  • Assessor Parcel Number 5186015009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $244
  • Insurance Expense $60
  • Gross Income $500
  • Net Operating Income $1,316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,608

Year Built

Built in 1932

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Type: Residential Income
  • Parcel Number: 5186015009
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 142.41

Exterior Features

  • Exterior Features: Awning(s)
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 5612.00
  • Lot Size Acres: 0.1300

Multi Family

  • Electric Expense: 244.00
  • Gross Income: 500.00
  • Gross Scheduled Income: 1800.00
  • Insurance Expense: 60.00
  • Lot Size Area: 5612.0000 Square Feet
  • Net Operating Income: 1316.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 484.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 9
  • Tax Tract Number: 571
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2015
Sold by
Licea Jorge
Bought by
Licea Erica
Current Estimated Value
$760,481

Purchase Details

Listed on
Jan 17, 2013
Closed on
Mar 6, 2013
Sold by
Invictus Development Inc
Bought by
Licea Erica and Licea Jorge
Seller's Agent
Minerva Moreno
United Brokers Realty
Buyer's Agent
CARLOS CHAVEZ
Adriana Rayo
List Price
$330,000
Sold Price
$335,000
Premium/Discount to List
$5,000
1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%
Original Mortgage
$328,932
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 15, 2012
Closed on
Oct 11, 2012
Sold by
Saldivar Jesus Enrique and The Ernestina M Saldivar Revoc
Bought by
Boylston Equity Partners Llc
Seller's Agent
STEPHEN FANTAZIA
Stephen Fantazia, Broker
Buyer's Agent
STEPHEN FANTAZIA
Stephen Fantazia, Broker
List Price
$279,900
Sold Price
$225,000
Premium/Discount to List
-$54,900
-19.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
164.01%
Original Mortgage
$178,000
Interest Rate
3.5%
Mortgage Type
Unknown

Purchase Details

Listed on
Feb 15, 2012
Closed on
Oct 4, 2012
Sold by
Boylston Equity Partners Llc
Bought by
Invictus Development Inc
Seller's Agent
STEPHEN FANTAZIA
Stephen Fantazia, Broker
Buyer's Agent
STEPHEN FANTAZIA
Stephen Fantazia, Broker
List Price
$279,900
Sold Price
$225,000
Premium/Discount to List
-$54,900
-19.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
3.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 12, 2007
Sold by
Saldivar Ernestina M
Bought by
Saldivar Ernestina M and The Ernestina M Saldivar Revoc

Purchase Details

Closed on
Mar 14, 2003
Sold by
Saldivar Ernestina M and Saldivar Jesus Enrique
Bought by
Saldivar Ernestina M

Purchase Details

Closed on
Oct 14, 2002
Sold by
Saldivar Laura
Bought by
Saldivar Alejandro

Purchase Details

Closed on
Aug 14, 2002
Sold by
Saldivar Maria Teresa
Bought by
Saldivar Jesus Enrique

Purchase Details

Closed on
Jul 31, 1990
Sold by
Saldivar Ernestina M
Bought by
Saldivar Ernestina M and Saldivar Jesus Enrique
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $335,000 Provident Title Company
Grant Deed $225,000 Usa National Title Co
Grant Deed -- Provident
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $265,500 New Conventional
Closed $328,932 FHA
Previous Owner $178,000 Unknown
Previous Owner $100,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2013 03/14/13 Sold $335,000 +1.5% $212 / Sq Ft
02/03/2013 02/03/13 Pending -- -- --
12/14/2012 12/14/12 For Sale $330,000 +46.7% $209 / Sq Ft
10/17/2012 10/17/12 Sold $225,000 -19.6% $142 / Sq Ft
09/25/2012 09/25/12 Pending -- -- --
02/15/2012 02/15/12 For Sale $279,900 -- $177 / 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 $5,608 $452,630 $248,739 $203,891
2024 $5,608 $443,756 $243,862 $199,894
2023 $5,503 $435,056 $239,081 $195,975
2022 $5,252 $426,527 $234,394 $192,133
2021 $5,183 $418,165 $229,799 $188,366
2020 $5,230 $414,078 $227,443 $186,635
2019 $5,030 $405,964 $222,984 $182,980
2018 $4,900 $398,009 $218,612 $179,397
2016 $4,672 $382,364 $210,124 $172,240
2015 $4,290 $343,243 $163,937 $179,306
2014 -- $336,520 $160,726 $175,794
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: C12021823

California Regional Multiple Listing Service (CRMLS)

APN: 5186-015-009