NOT LISTED FOR SALE

Estimated Value: $1,048,249 - $1,324,000

10 Beds
6 Baths
5,176 Sq Ft
$231/Sq Ft Est. Value

Last Sold December 11, 2017

Last sale price $705,000 $136 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $7,060/month

3 Days on Market

About This Home

As of December 2017

Great Investment opportunity ready to generate serious cash flow. Built in 2013 just like new. 2 super large and well maintained duplex with a total of 3,636 square feet of living space on a large lot 5,176 SF. Great floor plan with one bedroom and one bath downstairs plus 4 bedrooms and 2 baths on the 2nd floor. Each unit has a total of 5 bedrooms and 3 bathrooms, inside laundry and their own garages plus 2 additional parking spaces. Very low maintenance. Income potential per month is approx. $5,000. These units are located in a strong rental area. There is a great benefit to the new owner "No Rent Control applies to these units"They were build in 2013. Centrally located, minutes away from Downtown LA, Staples Center, Nokia Theater, Dodger Stadium and major freeways like the 110, 105, and the 10 fwy. No need to look anywhere else...here you have everything., Location, Large Space, Low vacancy and a peace of mind with very low maintenance. Ready for you to move in or to start generating great income!

Last Agent to Sell the Property

Maria Olmos

Y Realty License #00956497 Listed on: 11/09/2017

Last Buyer's Agent

Kevin Via

Compass License #02042474

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2013

Lot Details

  • 3,636 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 5,176 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 6401
  • Assessor Parcel Number 6063014025

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,200
  • Trash Expense $600
  • Water Sewer Expense $2,400
  • New Taxes Expense $729
  • Operating Expense $5,929
  • Gross Income $60,000
  • Net Operating Income $54,071

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 2013

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 6063014025
  • Year Built: 2013
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 136.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3636.00

Multi Family

  • Gross Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 2200.00
  • Net Operating Income: 54071.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5929.00
  • Rent Control: No
  • Total Expenses: 5929.00

Tax Info

  • New Taxes Expense: 729.00
  • Tax Lot: 27
  • Tax Tract Number: 6401

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2018
Sold by
Brien Ann O
Bought by
Erin Group Llc
Current Estimated Value
$1,197,062

Purchase Details

Listed on
Nov 9, 2017
Closed on
Dec 5, 2017
Sold by
Cisneros Joel
Bought by
Brien Ann O
Seller's Agent
Maria Olmos
Y Realty
Buyer's Agent
Kevin Via
Compass
List Price
$699,000
Sold Price
$705,000
Premium/Discount to List
$6,000
0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%
Original Mortgage
$510,270
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 9, 2017
Closed on
Nov 15, 2017
Sold by
Bond L Nichols Revocable Trust
Bought by
Brien Ann O
Seller's Agent
Maria Olmos
Y Realty
Buyer's Agent
Kevin Via
Compass
List Price
$699,000
Sold Price
$705,000
Premium/Discount to List
$6,000
0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,270
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2013
Sold by
Ocean Development Inc
Bought by
Bond L Nichols Revocable Trust

Purchase Details

Listed on
May 14, 2012
Closed on
May 25, 2012
Sold by
Howard Lloyd
Bought by
Ocean Development Inc
Seller's Agent
Roman Meza
Century 21 A Better Service
Buyer's Agent
Roman Meza
Century 21 A Better Service
Sold Price
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.43%
Original Mortgage
$352,000
Interest Rate
3.7%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Erin Group Llc -- None Available
Brien Ann O -- Ticor Title
Brien Ann O $705,000 Ticor Title Orange County
Bond L Nichols Revocable Trust $485,004 Lawyers Title La
Ocean Development Inc $120,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brien Ann O $510,270
Previous Owner Ocean Development Inc $352,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/11/2017 12/11/17 Sold $705,000 +0.9% $136 / Sq Ft
11/12/2017 11/12/17 Pending -- -- --
11/09/2017 11/09/17 For Sale $699,000 +482.5% $135 / Sq Ft
06/25/2012 06/25/12 Sold $120,000 -- $124 / Sq Ft View Prior Sale
05/17/2012 05/17/12 Pending -- -- --
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 $10,127 $802,163 $369,792 $432,371
2024 $10,127 $786,436 $362,542 $423,894
2023 $9,936 $771,017 $355,434 $415,583
2022 $9,487 $755,900 $348,465 $407,435
2021 $9,355 $741,080 $341,633 $399,447
2019 $9,079 $719,100 $331,500 $387,600
2018 $8,989 $705,000 $500,000 $205,000
2017 $6,620 $512,276 $126,748 $385,528
2016 $6,434 $502,232 $124,263 $377,969
2015 $6,338 $494,689 $122,397 $372,292
2014 $6,362 $485,000 $120,000 $365,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17234556

California Regional Multiple Listing Service (CRMLS)

APN: 6063-014-025