NOT LISTED FOR SALE

Estimated Value: $1,048,000 - $1,346,000

10 Beds
6 Baths
3,715 Sq Ft
$308/Sq Ft Est. Value

Last Sold August 02, 2018

Last sale price $830,000 $223 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,197/month

3 Days on Market

Highlights

  • Newly Remodeled
  • 4-minute walk to Avalon Station
  • Granite Countertops
  • Open Floorplan
  • Fireplace in Primary Bedroom
  • No HOA

About This Home

As of August 2018

Beautiful new construction duplex in Los Angeles to be completed in late July 2018. This very desirable income producing duplex is non-rent controlled. This contemporary duplex consists of 2 5-bedroom 3-bathroom units with one single car garage in the front unit and 2-car garage in the back unit. Each unit has an open floor plan with a large living area that includes granite countertops, tile flooring, carpet, solid wood cabinets and forced air heating. The property includes an artificial lawn for low cost landscaping maintenance. Conveniently located to access the newly renovated Downtown Los Angeles area.

Updated photos will be added closer to completion.

Last Agent to Sell the Property

Kevin Via

Compass License #02042474 Listed on: 06/01/2018

Compass

Last Buyer's Agent

Kevin Via

Compass License #02042474 Listed on: 06/01/2018

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,607

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 6,043 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 3,715 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Electric Fireplace
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace

Kitchen

  • Granite Countertops
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Fireplace in Primary Bedroom
  • 6 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Accessible Parking
  • Urban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 191
  • Tax Tract Number 3598
  • Assessor Parcel Number 6083020005

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $10,600
  • Water Sewer Expense $2,400
  • Operating Expense $13,000
  • Gross Income $72,000
  • Net Operating Income $59,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,607

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: 7144786078
  • Other Phone Number: 7144786078
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR2
  • New Construction: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6083020005
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters, Open Floorplan
  • Stories: 2
  • Entry Location: Ground
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Accessibility Features: Parking
  • Fireplace Features: Bath, Dining Room, Family Room, Kitchen, Living Room, Master Bedroom, Electric, Gas
  • Levels: Two
  • Price Per Square Foot: 223.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6043.00

Multi Family

  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 10600.00
  • Net Operating Income: 59000.00
  • 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: 13000.00
  • Rent Control: No
  • Total Expenses: 13000.00

Tax Info

  • Tax Census Tract: 2410.02
  • Tax Lot: 191
  • Tax Tract Number: 3598

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2018
Closed on
Sep 5, 2018
Sold by
Brien Ann O
Bought by
E 118Th Street Llc
Seller's Agent
Kevin Via
Compass
Buyer's Agent
Kevin Via
Compass
List Price
$845,000
Sold Price
$830,000
Premium/Discount to List
-$15,000
-1.78%
Current Estimated Value
$1,143,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,414
Avg. Annual Appreciation
4.22%

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jul 30, 2018
Sold by
Cisneros Joel Ernesto
Bought by
Obrien Ann
Seller's Agent
Kevin Via
Compass
Buyer's Agent
Kevin Via
Compass
List Price
$845,000
Sold Price
$830,000
Premium/Discount to List
-$15,000
-1.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jun 11, 2018
Sold by
Ocean Development Inc
Bought by
Brien Ann O
Seller's Agent
Kevin Via
Compass
Buyer's Agent
Kevin Via
Compass
List Price
$845,000
Sold Price
$830,000
Premium/Discount to List
-$15,000
-1.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 30, 2017
Closed on
Oct 5, 2017
Sold by
Gatson Reginald
Bought by
Ocean Development Inc
Seller's Agent
Ruben Sarinana Jr
Century 21 A Better Service
Buyer's Agent
Ruben Sarinana Jr
Century 21 A Better Service
List Price
$300,000
Sold Price
$295,000
Premium/Discount to List
-$5,000
-1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
297.20%
Original Mortgage
$65,000
Interest Rate
3.83%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 24, 2004
Sold by
Gatson Reginald
Bought by
Gatson Reginald

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
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 1994
Sold by
Robinson Haywood
Bought by
Gatson Reginald
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
E 118Th Street Llc -- Lawyers Title
Obrien Ann -- Lawyers Title Company
Brien Ann O $830,000 Lawyers Title Company
Ocean Development Inc $295,000 Lawyers Title
Gatson Reginald -- Commonwealth Land Title Co
Gatson Reginald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brien Ann O $580,000
Previous Owner Ocean Development Inc $65,000
Previous Owner Ocean Development Inc $500,000
Previous Owner Gatson Reginald $20,936
Previous Owner Gatson Reginald $186,667
Previous Owner Gatson Reginald $140,000
Previous Owner Gatson Reginald $101,000
Previous Owner Gatson Reginald $83,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2018 08/02/18 Sold $830,000 -1.8% $223 / Sq Ft
06/04/2018 06/04/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $845,000 +186.4% $227 / Sq Ft
10/31/2017 10/31/17 Sold $295,000 -1.7% $315 / Sq Ft
09/30/2017 09/30/17 Pending -- -- --
09/30/2017 09/30/17 For Sale $300,000 -- $321 / 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 $11,607 $925,875 $368,119 $557,756
2024 $11,607 $907,721 $360,901 $546,820
2023 $11,387 $889,924 $353,825 $536,099
2022 $10,870 $872,476 $346,888 $525,588
2021 $10,722 $855,370 $340,087 $515,283
2019 $10,404 $830,000 $330,000 $500,000
2018 $3,931 $295,000 $236,000 $59,000
2017 $5 $162,072 $144,718 $17,354
2016 $2,149 $158,895 $141,881 $17,014
2015 $2,115 $156,509 $139,750 $16,759
2014 $2,124 $153,444 $137,013 $16,431
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18130126

California Regional Multiple Listing Service (CRMLS)

APN: 6083-020-005