Seller's Agent in 2021
Billy Lam
Billy Lam, Broker
(626) 552-2500
1 in this area
10 Total Sales
324 S Fresno St Los Angeles, CA 90063
Boyle Heights NeighborhoodEstimated Value: $1,479,253
5
Beds
7
Baths
5,504
Sq Ft
$269/Sq Ft
Est. Value
Highlights
- Corner Lot
- Felicitas and Gonzalo Mendez High Rated A-
- No HOA
About This Home
As of May 2021Potential upside income opportunity for this two separate retail and mixed use apartment building located on a corner lot with heavy pedestrian and auto traffic. Single story building facing Fresno has two retail space. The two story building facing 4th Street is a mixed use retail/apartment building. The owner is currently using the two retail space as office and storage. One of the retail space was used as a restaurant and a thrift store at one time. Three residential units are located above the two retail space. There are (2) 1 bedroom/1 bath unit and (1) 3 bedroom/1 bath unit. The property is subject to rent control. Separate meters for electric and gas except the single story building facing Fresno shares one meter. Subject property is located near freeway access and public transportation.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,264
Year Built
- Built in 1950
Lot Details
- 5,260 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Home Design
- 5,504 Sq Ft Home
- Property Attached
- Flat Roof Shape
Bedrooms and Bathrooms
- 5 Bedrooms
- 7 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 9
- Tax Tract Number 2041
- Assessor Parcel Number 5179011001
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 7 Units
Building Details
- 7 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $6,404
- Professional Management Expense $2,291
- Water Sewer Expense $7,369
- New Taxes Expense $6,560
- Operating Expense $23,775
- Gross Income $73,051
- Net Operating Income $52,584
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 2, 2022
Sold by
Limitless Sun Llc
Bought by
Loc Inc
Current Estimated Value
Purchase Details
Listed on
Jan 28, 2013
Closed on
Feb 11, 2013
Sold by
Covarrubias Irene and Irene Covarrubias 2005 Trust
Bought by
My Home Mi Casa Llc
Seller's Agent
Kuan Sung
RE/MAX 2000 REALTY
Buyer's Agent
Daron Campbell
Keller Williams Encino-Sherman Oaks
List Price
$750,000
Sold Price
$729,000
Premium/Discount to List
-$21,000
-2.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.76%
Original Mortgage
$411,794
Interest Rate
3.49%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 25, 2005
Sold by
Covarrubias Irene
Bought by
Covarrubias Irene and Irene Covarrubias 2005 Trust
Purchase Details
Closed on
Feb 14, 2005
Sold by
The Rose Artenian Foster 2004 Trust
Bought by
Covarrubias Irene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
5.65%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 20, 2004
Sold by
Foster Rose Artenian and Rose Artenian 1994 Trust
Bought by
Foster Rose Artenian and Rose Artenian Foster 2004 Trus
Purchase Details
Closed on
Dec 2, 1994
Sold by
Nomura Mikako and The Henry & Mikako Nomura Trus
Bought by
Artenian Rose and The Rose Artenian 1994 Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
9.16%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Dec 2, 1993
Sold by
Nomura Henry and Nomura Mikako
Bought by
The 1986 Nomura Living Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Loc Inc | -- | First American Title Company O | |
| My Home Mi Casa Llc | $729,000 | First American Title Company | |
| Covarrubias Irene | -- | -- | |
| Covarrubias Irene | $440,000 | Alliance Title Company | |
| Foster Rose Artenian | -- | -- | |
| Artenian Rose | $250,000 | Chicago Title Company | |
| The 1986 Nomura Living Trust | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | My Home Mi Casa Llc | $411,794 | |
| Previous Owner | Covarrubias Irene | $205,000 | |
| Previous Owner | Artenian Rose | $180,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/07/2021 05/07/21 | Sold | $1,100,000 | 0.0% | $200 / Sq Ft | |
| 03/19/2021 03/19/21 | Pending | -- | -- | -- | |
| 03/13/2021 03/13/21 | For Sale | $1,100,000 | +50.9% | $200 / Sq Ft | |
| 03/08/2013 03/08/13 | Sold | $729,000 | -2.8% | $132 / Sq Ft | View Prior Sale |
| 02/04/2013 02/04/13 | Pending | -- | -- | -- | |
| 01/28/2013 01/28/13 | For Sale | $750,000 | -- | $136 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $17,264 | $1,416,712 | $477,543 | $939,169 |
| 2024 | $17,264 | $1,388,934 | $468,180 | $920,754 |
| 2023 | $16,933 | $1,361,700 | $459,000 | $902,700 |
| 2022 | $13,674 | $1,122,000 | $357,000 | $765,000 |
| 2021 | $6,622 | $829,339 | $373,146 | $456,193 |
| 2020 | $6,686 | $820,836 | $369,320 | $451,516 |
| 2019 | $6,434 | $804,742 | $362,079 | $442,663 |
| 2018 | $6,167 | $788,964 | $354,980 | $433,984 |
| 2016 | $9,471 | $758,330 | $341,197 | $417,133 |
| 2015 | $9,336 | $746,940 | $336,072 | $410,868 |
| 2014 | $9,377 | $732,309 | $329,489 | $402,820 |
Source: Public Records
Agents Affiliated with this Home
-
Billy Lam
-
K
Seller's Agent in 2013
Kuan Sung
RE/MAX
-
C
Seller Co-Listing Agent in 2013
Carlos Skubacz
RE/MAX 2000 Realty
-
Daron Campbell
D
Buyer's Agent in 2013
Daron Campbell
Keller Williams Encino-Sherman Oaks
(818) 521-0083
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21053292
APN: 5179-011-001
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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