NOT LISTED FOR SALE

Estimated Value: $881,000 - $1,198,659

5 Beds
3 Baths
2,750 Sq Ft
$358/Sq Ft Est. Value

Last Sold November 01, 2017

Last sale price $550,000 $200 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $6,018/month

25 Days on Market

Highlights

  • Property is near a park
  • No HOA
  • 2 Car Garage
  • Abraham Lincoln High School Rated A
  • Laundry Room
  • Heating Available

About This Home

As of November 2017

Tremendous opportunity to purchase a well-maintained duplex in the desirable El Sereno area, located on a huge 11,256 sqft lot. Two buildings on the lot that are metered separately for electricity, gas and water. Each unit has its own driveway. Nice views and close proximity to shopping centers, schools and restaurants. Both units are currently occupied with tenants. Great source of income for an investor. Property with so much charm like this is a rare find, so here is your opportunity to be a proud owner of a beautiful duplex!
This investment property will not last, if you are looking for a fantastic ROI, look no further, don’t hesitate to ACT NOW!!

Last Agent to Sell the Property

Rudy Kusuma

Partner Real Estate License #01820322 Listed on: 08/14/2017

Partner Real Estate

Co-Listed By

RONNIE CHAN

R Life Realty License #01932278

Last Buyer's Agent

Timothy Pai

No Firm Affiliation License #01786441

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,916

Year Built

  • Built in 1962

Lot Details

  • 0.26 Acre Lot
  • No Common Walls
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • 2,750 Sq Ft Home
  • Duplex
  • Split Level Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Heating Available
  • Septic Type Unknown

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 46
  • Tax Tract Number 3479
  • Assessor Parcel Number 5218018034

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
  • Gardener Expense $1,800
  • Insurance Expense $800
  • New Taxes Expense $6,900
  • Operating Expense $9,500
  • Gross Income $40,800
  • Net Operating Income $31,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,916

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.70
  • Other Phone Description: (626) 657-0075
  • Other Phone Number: 6267890159
  • Property Attached: No
  • Zoning: LAR1
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5218018034
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Multi/Split
  • Price Per Square Foot: 200.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Uncovered, Driveway, Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Park Nearby
  • Lot Size Sq Ft: 11256.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 40800.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 800.00
  • Net Operating Income: 31300.00
  • 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: 9500.00
  • Rent Control: Yes
  • Total Actual Rent: 3400.00
  • Total Expenses: 9500.00

Tax Info

  • New Taxes Expense: 6900.00
  • Tax Census Tract: 2015.03
  • Tax Lot: 46
  • Tax Tract Number: 3479

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2017
Closed on
Sep 26, 2017
Sold by
Chen Chang Hong
Bought by
Mccardle Justin
Seller's Agent
Rudy Kusuma
Partner Real Estate
Buyer's Agent
Timothy Pai
No Firm Affiliation
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$983,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$433,415
Avg. Annual Appreciation
7.33%
Original Mortgage
$412,500
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2012
Sold by
Chen Chang Hong and Harper David Scott
Bought by
Chen Chang Hong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.94%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 15, 2002
Sold by
Ortiz Estela and Ortiz Hector M
Bought by
Chen Chang Hong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.13%

Purchase Details

Closed on
Jun 10, 2000
Sold by
Ortiz Estela
Bought by
Ortiz Estela and Ortiz Hector M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8.27%
Mortgage Type
Credit Line Revolving
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
Mccardle Justin $550,000 First American Title Company
Chen Chang Hong -- Accommodation
Chen Chang Hong $220,000 --
Ortiz Estela -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccardle Justin $200,000
Open Mccardle Justin $565,572
Closed Mccardle Justin $571,800
Closed Mccardle Justin $562,500
Closed Mccardle Justin $412,500
Previous Owner Chen Chang Hong $140,000
Previous Owner Chen Chang Hong $143,000
Previous Owner Chen Chang Hong $150,000
Previous Owner Ortiz Estela $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2017 11/01/17 Sold $550,000 0.0% $200 / Sq Ft
10/16/2017 10/16/17 For Sale $550,000 0.0% $200 / Sq Ft
09/08/2017 09/08/17 Pending -- -- --
08/14/2017 08/14/17 For Sale $550,000 -- $200 / 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 $7,916 $625,802 $438,062 $187,740
2024 $7,916 $613,532 $429,473 $184,059
2023 $7,770 $601,502 $421,052 $180,450
2022 $7,421 $589,709 $412,797 $176,912
2021 $7,322 $578,147 $404,703 $173,444
2020 $7,390 $572,220 $400,554 $171,666
2019 $7,111 $561,000 $392,700 $168,300
2018 $6,971 $550,000 $385,000 $165,000
2016 $4,029 $308,851 $199,662 $109,189
2015 $3,974 $304,212 $196,663 $107,549
2014 $4,001 $298,254 $192,811 $105,443
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17188294

California Regional Multiple Listing Service (CRMLS)

APN: 5218-018-034