NOT LISTED FOR SALE

Estimated Value: $720,000 - $1,193,992

3 Beds
2 Baths
1,467 Sq Ft
$590/Sq Ft Est. Value

Last Sold July 14, 2022

Last sale price $620,000 $423 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $5,571/month

59 Days on Market

About This Home

As of July 2022

Location Location Location plus R3 Zoning, buyers to verify.. . . Two on a lot located in a much sought after area of Cypress Park and Mount Washington adjacent. Sellers looking for that right buyer that will make this their investment property or eventually their forever home.
Lots of potential. Please do not disturb tenants nor try to access property.

Last Agent to Sell the Property

J.J. Lopez

CENTURY 21 REALTY MASTERS License #00897398 Listed on: 05/02/2022

CENTURY 21 REALTY MASTERS

Last Buyer's Agent

Josephine San Lucas

KELLER WILLIAMS LARCHMONT License #01308257

KELLER WILLIAMS LARCHMONT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,281

Year Built

  • Built in 1926

Lot Details

  • 5,606 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • 1,467 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 44
  • Assessor Parcel Number 5453026005
  • $267 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $480
  • Operating Expense $480
  • Net Operating Income $15,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,281

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 349500
  • Property Attached: No
  • Water Sewer Expenses: 480.00
  • Zoning: LARD3
  • Property Type: Residential Income
  • Parcel Number: 5453026005
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 422.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5606.00
  • Lot Size Acres: 0.1287

Multi Family

  • Gross Scheduled Income: 18600.00
  • Lot Size Area: 5606.0000 Square Feet
  • Net Operating Income: 15000.00
  • 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: 36000.00
  • Rent Control: Yes
  • Total Actual Rent: 1550.00
  • Total Expenses: 480.00

Tax Info

  • Tax Census Tract: 1853.10
  • Tax Lot: 44
  • TaxOtherAnnualAssessmentAmount: 267.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2024
Sold by
3429 Merced Street Llc
Bought by
Martinez Elder De Jesus Cha and Demartinez Noe De
Current Estimated Value
$866,248

Purchase Details

Closed on
Aug 13, 2023
Sold by
Chavez Ramiro and Demartinez Elder De
Bought by
3429 Merced Street Llc

Purchase Details

Closed on
Nov 4, 2005
Sold by
Avila Salvador R and Avila Consuelo A
Bought by
The Salvador & Ana Consuelo Avila Trust
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
Martinez Elder De Jesus Cha -- Accommodation/Courtesy Recordi
3429 Merced Street Llc -- None Listed On Document
The Salvador & Ana Consuelo Avila Trust -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2022 07/14/22 Sold $620,000 -11.3% $423 / Sq Ft
06/30/2022 06/30/22 Pending -- -- --
05/02/2022 05/02/22 For Sale $699,000 -- $476 / 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
2024 $9,281 $750,000 $565,000 $185,000
2023 $7,720 $620,000 $465,000 $155,000
2022 $821 $46,605 $28,155 $18,450
2021 $804 $45,692 $27,603 $18,089
2020 $806 $45,224 $27,320 $17,904
2019 $784 $44,338 $26,785 $17,553
2018 $715 $43,469 $26,260 $17,209
2016 $668 $41,784 $25,242 $16,542
2015 $660 $41,157 $24,863 $16,294
2014 $677 $40,351 $24,376 $15,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB22090898

California Regional Multiple Listing Service (CRMLS)

APN: 5453-026-005