NOT LISTED FOR SALE

3303 Thorpe Ave Los Angeles, CA 90065

Cypress Park Neighborhood
4 Beds
6 Baths
4,232 Sq Ft
6,011 Sq Ft Lot

Last Sold June 13, 2019

Last sale price $1,100,000 $260 Per Sq Ft

24 Days on Market

Highlights

  • Corner Lot
  • Abraham Lincoln High School Rated A
  • Laundry Room

About This Home

As of June 2019

Combination of 3 retail and 3 residential units on a corner lot in the Cypress Park area of Los Angeles. The street addresses include the retail locations of 901, 903 and 905 Cypress Ave and 3303, 3305 and 3311 Thorpe Ave. Current retail tenants are well established restaurant and hair salon. The residential units include two, 1 bedroom / 1 bath apartments (currently combined and utilized as a 2 bedroom) and a free standing 2 bedroom / 1 bath house.

Last Agent to Sell the Property

Greg Bingham

Coldwell Banker Realty License #01309137 Listed on: 02/18/2019

Coldwell Banker Realty

Last Buyer's Agent

Sonia Medina

RM Realty License #00833743

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,900

Year Built

  • Built in 1913

Lot Details

  • 6,011 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Corner Lot
  • Density is up to 1 Unit/Acre

Home Design

  • 4,232 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas, sewer, trash collection, water
  • Tax Lot A
  • Tax Tract Number 686
  • Assessor Parcel Number 5453022022

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,500
  • New Taxes Expense $12,000
  • Operating Expense $14,500
  • Gross Income $55,800
  • Net Operating Income $55,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,900

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Zoning: LAC2
  • Property Type: Residential Income
  • Parcel Number: 5453022022
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 259.92

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Sq Ft: 6011.00
  • Lot Size Acres: 0.1380

Rental Info

  • Tenant Pays: All Utilities, Electricity, Gas, Other, Sewer, Trash Collection, Water

Multi Family

  • Gross Income: 55800.00
  • Gross Scheduled Income: 55800.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 6011.0000 Square Feet
  • Net Operating Income: 55800.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 4650.00
  • Total Expenses: 14500.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Census Tract: 1853.10
  • Tax Lot: A
  • Tax Tract Number: 686

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2022
Sold by
Gonzalez Jennifer Stephany
Bought by
Cypress La Fe Llc

Purchase Details

Listed on
Feb 18, 2019
Closed on
Jun 4, 2019
Sold by
Mastan Peter and Estate Of Maria A Gonzalez
Bought by
Gonzalez Jennifer Stephany and Mondragon Maria Silvia
Seller's Agent
Greg Bingham
Coldwell Banker Realty
Buyer's Agent
Sonia Medina
RM Realty
List Price
$1,075,000
Sold Price
$1,100,000
Premium/Discount to List
$25,000
2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 18, 2019
Closed on
May 2, 2019
Sold by
Mondragon Santos Antonio
Bought by
Mondragon Maria Silvia
Seller's Agent
Greg Bingham
Coldwell Banker Realty
Buyer's Agent
Sonia Medina
RM Realty
List Price
$1,075,000
Sold Price
$1,100,000
Premium/Discount to List
$25,000
2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 2016
Sold by
Gonzalez Maria A
Bought by
Gonzalez Maria Antonieta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,015,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 23, 2013
Sold by
Thorpe
Bought by
Gonzalez Maria Antonieta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
3.6%
Mortgage Type
Commercial
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
Cypress La Fe Llc -- Accommodation/Courtesy Recordi
Gonzalez Jennifer Stephany $1,100,000 First American Title Company
Mondragon Maria Silvia -- First American Title Company
Gonzalez Jennifer Stephany -- First American Title Company
Gonzalez Maria Antonieta -- Western Resources Title Co
Gonzalez Maria Antonieta -- Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gonzalez Jennifer Stephany $693,000
Previous Owner Gonzalez Maria Antonieta $1,015,000
Previous Owner Gonzalez Maria Antonieta $310,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2019 06/13/19 Sold $1,100,000 +2.3% $260 / Sq Ft
02/18/2019 02/18/19 For Sale $1,075,000 -- $254 / 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 $15,900 $1,290,095 $774,057 $516,038
2024 $15,900 $1,264,800 $758,880 $505,920
2023 $14,867 $1,179,420 $675,486 $503,934
2022 $14,177 $1,156,295 $662,242 $494,053
2021 $13,985 $1,133,623 $649,257 $484,366
2020 $14,120 $1,122,000 $642,600 $479,400
2019 $3,153 $213,153 $130,536 $82,617
2018 $3,026 $208,975 $127,977 $80,998
2016 $2,848 $200,861 $123,008 $77,853
2015 $2,811 $197,845 $121,161 $76,684
2014 $2,831 $512,315 $401,816 $110,499
Source: Public Records

Agents Affiliated with this Home

  • Greg Bingham

    Seller's Agent in 2019

    Greg Bingham

    Coldwell Banker Realty

    (949) 644-1600

    28 Total Sales

    Greg Bingham
    Section Image

  • S

    Buyer's Agent in 2019

    Sonia Medina

    RM Realty

    (323) 223-1072

    3 Total Sales

    Sonia Medina
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19036971

California Regional Multiple Listing Service (CRMLS)

APN: 5453-022-022

California Los Angeles County Los Angeles 90065 Cypress Park

3303 Thorpe Ave, Los Angeles, CA

This home is located at 3303 Thorpe Ave, Los Angeles, CA 90065 since 18 February 2019. This property was built in 1913. 3303 Thorpe Ave is a home located in Los Angeles County with nearby schools including Aragon Avenue Elementary, Florence Nightingale Middle, and Benjamin Franklin High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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