NOT LISTED FOR SALE

Estimated Value: $1,016,000 - $1,299,000

4 Beds
2 Baths
1,904 Sq Ft
$590/Sq Ft Est. Value

Last Sold March 08, 2013

Last sale price $430,000 $226 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $6,530/month

130 Days on Market

Highlights

  • Corner Lot
  • Views
  • Bungalow
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Floor Furnace

About This Home

As of March 2013

STANDARD SALE. YOU CAN DO FHA FINANCING. Great income property in the Echo Park /Elysian park area. First unit has 3+1 with hardwood floors ,new carpet in bedroooms, new double pane windows facing the freeway, new roof, new paint, totally remodeled bathroom. It has a spacious living room, dining room, lots of window. It fits 3 small cars for tandem parking. It also has a front and back porch.
Second unit is 1+1 with ceramic mexican tile entry, fully remodeled bath, and laminated floor. New kitchen, all new windows, wrought iron fencing. Property back up to the Elysian Park.
Can be owner occupied and rent the other. Can be seen with 24 hours notice. PLEASE PRE-APPROVED YOUR CLIENTS.

Last Agent to Sell the Property

Marlene Cagatao

Coldwell Banker Hallmark Realty License #01034163 Listed on: 09/17/2012

Coldwell Banker Hallmark Realty

Last Buyer's Agent

Rodney Farrow

Berkshire Hathaway HomeServices California Properties License #01912300

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,499

Year Built

  • Built in 1923

Lot Details

  • 5,098 Sq Ft Lot
  • Corner Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Bungalow
  • Turnkey
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,904 Sq Ft Home
  • Living Room with Fireplace
  • Carpet
  • Dishwasher
  • Property Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 19
  • Tax Tract Number 1958
  • Assessor Parcel Number 5156007014

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • Trash Expense $600
  • Water Sewer Expense $1,000
  • New Taxes Expense $4,375
  • Gross Income $40,320
  • Net Operating Income $24,970

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,499

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Other Phone Description: 818-450-9704
  • Other Phone Number: 818-239-3562
  • View: Yes
  • Water Sewer Expenses: 1000.00
  • Architectural Style: Bungalow
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 5156007014
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 225.84

Exterior Features

  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Floor Furnace
  • Laundry Features: Outside
  • Trash Expense: 600.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5098.00
  • Lot Size Acres: 0.1170

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 500
  • Average3 Bed Area: 1400
  • Gross Income: 40320.00
  • Gross Multiplier: 9.00
  • Gross Scheduled Income: 37920.00
  • Gross Spendable Income: 24970.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5098.0000 Square Feet
  • Net Operating Income: 24970.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 1
  • Number With Carpet: 1
  • Number With Dishwasher: 1
  • Number With Range: 1
  • Operating Expense: 12950.00
  • Rent Control: Yes
  • Total Actual Rent: 3160.00

Tax Info

  • New Taxes Expense: 4375.00
  • Tax Lot: 19
  • Tax Tract Number: 1958

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2018
Sold by
Quitoriano Alan Lambert K T and Quitoriano Carolyn J
Bought by
Quitoriano Alan Lambert K T and Quitoriano Carolyn J
Current Estimated Value
$1,124,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.4%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Sep 17, 2012
Closed on
Jan 25, 2013
Sold by
Lombardo Maureen and The Maureen Lombardo Trust
Bought by
Quitoriano Alan Lambert and Quitoriano Carolyn
Seller's Agent
Marlene Cagatao
Coldwell Banker Hallmark Realty
Buyer's Agent
Rodney Farrow
Berkshire Hathaway HomeServices California Properties
List Price
$429,000
Sold Price
$430,000
Premium/Discount to List
$1,000
0.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%
Original Mortgage
$422,211
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 3, 2010
Sold by
Lombardo Maureen
Bought by
Lombardo Maureen and The Maureen Lombardo Trust

Purchase Details

Closed on
Oct 6, 2009
Sold by
Delmuro Mary Yvette and Delmuro Del Muro
Bought by
Lombardo Maureen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2003
Sold by
Delmuro Linda S
Bought by
Delmuro Lilly Valles

Purchase Details

Closed on
May 12, 2003
Sold by
Delmuro Lilly Valles
Bought by
Delmuro Lilly Valles and Delmuro Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
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
Quitoriano Alan Lambert K T -- First American Title Company
Quitoriano Alan Lambert $430,000 Pacific Coast Title Company
Lombardo Maureen -- None Available
Lombardo Maureen $300,000 Lawyers Title Company
Delmuro Lilly Valles -- --
Delmuro Lilly Valles -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Quitoriano Alan Lambert K T $0
Open Quitoriano Alan Lambert K T $620,405
Closed Quitoriano Alan Lambert K T $615,000
Closed Quitoriano Alan Lambert K T $200,000
Closed Quitoriano Alam Lambert $491,250
Closed Quitoriano Alan Lambert $49,000
Closed Quitoriano Alan Lambert $423,750
Closed Quitoriano Alan Lambert $422,211
Previous Owner Lombardo Maureen $100,000
Previous Owner Lombardo Maureen $224,000
Previous Owner Delmuro Lilly Valles $150,000
Previous Owner Delmuro Lilly Valles $130,000
Previous Owner Delmuro Lilly Valle $41,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2013 03/08/13 Sold $430,000 +0.2% $226 / Sq Ft
01/25/2013 01/25/13 Pending -- -- --
09/17/2012 09/17/12 For Sale $429,000 -- $225 / 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 $6,499 $529,502 $369,423 $160,079
2024 $6,499 $519,121 $362,180 $156,941
2023 $6,379 $508,943 $355,079 $153,864
2022 $6,091 $498,965 $348,117 $150,848
2021 $6,056 $489,183 $341,292 $147,891
2020 $6,064 $484,528 $337,793 $146,735
2019 $5,829 $475,035 $331,170 $143,865
2018 $5,722 $465,729 $324,677 $141,052
2016 $5,459 $447,300 $312,070 $135,230
2015 $5,380 $440,582 $307,383 $133,199
2014 $5,408 $431,952 $301,362 $130,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: B12116423

California Regional Multiple Listing Service (CRMLS)

APN: 5156-007-014