NOT LISTED FOR SALE

331 Cornwell St Los Angeles, CA 90033

Boyle Heights Neighborhood

Estimated Value: $816,000 - $967,000

5 Beds
2 Baths
2,229 Sq Ft
$393/Sq Ft Est. Value

Sale Details

Date Sold: November 16, 2012

Last sale price $239,000 $107 Per Sq Ft

Est. 266% increase in value since last sale

Current estimated payment $5,126 / mo

139 Days on Market

About This Home

As of November 2012

Location, location, location. This Fantastic Income Property is conveniently located in a well centralized area of Los Angeles. Front Unit is 3 Beds, 1 Bath, back unit is 2 beds 1 bath. Save money, rent one and move into the other; near down town, colleges, parks, hospital,shopping centers, and schools; quick access to freeways and bus circulation. Both units are upgraded and well maintained and tenant occupied. Be the proud owner of these units and collect your rent. Sellers want to sell today. Standard Lease.

Last Agent to Sell the Property

Gil Rodriguez

Sharpstone Realty License #01500176 Listed on: 05/24/2012

Last Buyer's Agent

Out of Area Out of Area

Out of Area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1906

Lot Details

  • 6,392 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • 2,229 Sq Ft Home
  • Traditional Architecture
  • Stucco

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 9 / A
  • Assessor Parcel Number 5175013012

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • New Taxes Expense $846
  • Gross Income $1,825
  • Net Operating Income $19,650

Property Details

Home Type

Multi-Family

Year Built

Built in 1906

Lot Details

6,392 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 5.63
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 5175013012
  • Year Built: 1906
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 107.22

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6392.00
  • Lot Size Acres: 0.1470

Multi Family

  • Gross Income: 1825.00
  • Gross Multiplier: 15.94
  • Gross Scheduled Income: 21900.00
  • Lot Size Area: 6392.0000 Square Feet
  • Net Operating Income: 19650.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 2250.00

Tax Info

  • New Taxes Expense: 846.00
  • Tax Area: 4
  • Tax Block: A
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2020
Sold by
Barajas Victoriano
Bought by
Barajas Victoriano and Serrano Leticia M
Current Estimated Value
$875,134

Purchase Details

Closed on
Feb 23, 2016
Sold by
Razo Salvador and Barajas Victoriano
Bought by
Barajas Victoriano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Outstanding Balance
$248,478
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$626,656

Purchase Details

Closed on
Oct 19, 2014
Sold by
Razo Salvador and Yanes Esli S
Bought by
Razo Salvador and Barajas Victoriano R

Purchase Details

Listed on
May 24, 2012
Closed on
Nov 20, 2012
Sold by
Razo Salvador and Yanes Esli S
Bought by
Razo Salvador and Yanes Esli S
Seller's Agent
Gil Rodriguez
Sharpstone Realty
Buyer's Agent
Out of Area Out of Area
Out of Area
List Price
$349,000
Sold Price
$239,000
Premium/Discount to List
-$110,000
-31.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.15%

Purchase Details

Closed on
Aug 22, 2012
Sold by
Rodriguez Helen Marguerite and The Cuca A Rodriguez Trust
Bought by
Razo Salvador and Yanes Esli S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,439
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 2, 1997
Sold by
Rodriguez Cuquita
Bought by
Rodriguez Cuca A and Rodriguez Cuquita A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Barajas Victoriano -- Stewart Title Of Ca Inc
Barajas Victoriano -- Wfg Title Company Of Ca
Razo Salvador -- None Available
Razo Salvador -- None Available
Razo Salvador $339,000 Orange Coast Title Company O
Rodriguez Cuca A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barajas Victoriano $312,000
Previous Owner Razo Salvador $310,439
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2012 11/16/12 Sold $239,000 -31.5% $107 / Sq Ft
10/10/2012 10/10/12 Pending -- -- --
05/24/2012 05/24/12 For Sale $349,000 -- $157 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,221 $500,739 $331,459 $169,280
2024 $6,221 $490,921 $324,960 $165,961
2023 $6,104 $481,296 $318,589 $162,707
2022 $5,827 $471,860 $312,343 $159,517
2021 $5,746 $462,609 $306,219 $156,390
2020 $5,799 $457,867 $303,080 $154,787
2019 $5,577 $448,890 $297,138 $151,752
2018 $5,475 $440,089 $291,312 $148,777
2016 $4,444 $352,637 $291,265 $61,372
2015 $4,381 $347,341 $286,890 $60,451
2014 $4,407 $340,538 $281,271 $59,267
Source: Public Records

Agents Affiliated with this Home

  • Gil Rodriguez

    Seller's Agent in 2012

    Gil Rodriguez

    Sharpstone Realty

    (562) 217-7646

    2 in this area

    38 Total Sales

    Gil Rodriguez
    Section Image

  • O

    Buyer's Agent in 2012

    Out of Area Out of Area

    Out of Area

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P823061

California Regional Multiple Listing Service (CRMLS)

APN: 5175-013-012

California Los Angeles County Los Angeles 90033 Boyle Heights

331 Cornwell St, Los Angeles, CA

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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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