NOT LISTED FOR SALE

Estimated Value: $1,206,000 - $1,392,904

5 Beds
4 Baths
2,261 Sq Ft
$564/Sq Ft Est. Value

Last Sold November 10, 2020

Last sale price $1,095,000 $484 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $8,166/month

14 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Midcentury Modern Architecture
  • Property is near a park
  • Eagle Rock High School Rated A
  • View of Hills
  • Wood Flooring

About This Home

As of November 2020

Stop the CAR!!!! We are pleased to present for sale these rare mid-century Bungalows in one of LA's most established, yet growing neighborhoods - Glassell Park! Three homes on one lot! With 2 Units DELIVERED, the investment provides an opportunity for immediate upside potential OR an owner-user opportunity. The property is composed of (2) 2 Bedroom & 1 Bathroom Units (one of which has a powder room added) and (1) 1 Bedroom & 1 Bathroom Unit that have upgraded brand new plumbing, and a newer roof over the front units which were built in 1957. All units feel totally private and separate making for a perfect rental property or live in one and rent the others. The drive-way includes 4 surface space parking spots (2) covered. Each unit has great views of the hillsides and sunsets and is nestled between a residential neighborhood allowing for above market rents, not to mention, right Next to GLASSELL PARK!!! The owner has resided on-site for many years and has maintained and taken care of the property. It is lush with vegetation and features an avocado tree, (5) Guava trees, (2) Sapote Trees (Mexican Apples), and a Mexican Sweet Lime Tree (So much more!). All units feature their own enclosed and usable outdoor lounge areas, washer dryer hookups, and a lovely patio that is great for entertaining and barbecues. This property is ideal for home plus income, extended families or rental income. Centrally located to shopping, transportation and many conveniences.

Last Agent to Sell the Property

Josiah Suxo

KELLER WILLIAMS EMPIRE ESTATES License #02067168 Listed on: 09/01/2020

KELLER WILLIAMS EMPIRE ESTATES

Co-Listed By

Michael Poe

Keller Williams Empire Estates License #02070075

Last Buyer's Agent

Amelita Bautista

Keller Williams R. E. Services License #00820881

Keller Williams R. E. Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,311

Year Built

  • Built in 1928

Lot Details

  • 6,164 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Paved or Partially Paved Lot

Property Views

  • Hills
  • Park or Greenbelt

Home Design

  • Midcentury Modern Architecture
  • Bungalow
  • Property Attached
  • Shingle Roof

Interior Spaces

  • 2,261 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Detached Carport Space
  • Parking Available

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Urban Location
  • Suburban Location

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Floor Furnace
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 75
  • Tax Tract Number 594
  • Assessor Parcel Number 5460005022

Community Details

Overview

  • 2 Buildings
  • 3 Units

Recreation

  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Water Sewer Expense $4,000
  • New Taxes Expense $1,620
  • Net Operating Income $67,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,311

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Other Phone Description: Josiah Suxo
  • Other Phone Number: 9093956123
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 4000.00
  • Architectural Style: Bungalow, Mid Century Modern
  • Property Type: Residential Income
  • Parcel Number: 5460005022
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 484.30
  • Room Type: All Bedrooms Down, Master Bathroom, Master Bedroom

Exterior Features

  • View: Hills, Park/Greenbelt
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport, Detached Carport
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Range Hood
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s), Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Dog Park, Hiking, Watersports, Sidewalks, Street Lights, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: Rectangular Lot, Park Nearby, Paved
  • Lot Size Sq Ft: 6164.00
  • Lot Size Acres: 0.1415

Multi Family

  • Gross Scheduled Income: 88800.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 6164.0000 Square Feet
  • Net Operating Income: 67200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number Wall A C: 1
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 21600.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1620.00
  • Tax Lot: 75
  • Tax Tract Number: 594-G2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Dec 30, 2020
Sold by
Garguena Gloria R
Bought by
Garguena Gloria R and 2019 Gloria R
Seller's Agent
Josiah Suxo
KELLER WILLIAMS EMPIRE ESTATES
Buyer's Agent
Amelita Bautista
Keller Williams R. E. Services
List Price
$1,199,000
Sold Price
$1,095,000
Premium/Discount to List
-$104,000
-8.67%
Current Estimated Value
$1,273,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,613
Avg. Annual Appreciation
3.28%
Original Mortgage
$595,000
Outstanding Balance
$532,796
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$743,430

Purchase Details

Listed on
Sep 1, 2020
Closed on
Nov 4, 2020
Sold by
Jensen William Paul
Bought by
Garguena Gloria R
Seller's Agent
Josiah Suxo
KELLER WILLIAMS EMPIRE ESTATES
Buyer's Agent
Amelita Bautista
Keller Williams R. E. Services
List Price
$1,199,000
Sold Price
$1,095,000
Premium/Discount to List
-$104,000
-8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Outstanding Balance
$532,796
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$743,430

Purchase Details

Closed on
Jun 15, 2007
Sold by
Rangel Trinidad and Rangel Mercedes
Bought by
Rangel Trinidad and Rangel Mercedes

Purchase Details

Closed on
Nov 22, 1996
Sold by
Rangel Mercedes and Rangel Trinidad
Bought by
Rangel Trinidad and Rangel Mercedes
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
Garguena Gloria R -- None Available
Garguena Gloria R -- Wfg National Title Company
Garguena Gloria R $1,095,000 Wfg National Title Company
Rangel Trinidad -- None Available
Rangel Trinidad -- North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garguena Gloria R $595,000
Previous Owner Rangel Trinidad $938,250
Previous Owner Rangel Trinidad $469,342
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2020 11/10/20 Sold $1,095,000 -0.4% $484 / Sq Ft
09/17/2020 09/17/20 Price Changed $1,099,000 -8.3% $486 / Sq Ft
09/16/2020 09/16/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $1,199,000 +9.5% $530 / Sq Ft
08/26/2020 08/26/20 Off Market $1,095,000 -- --
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 $14,311 $1,185,261 $698,168 $487,093
2024 $14,311 $1,162,022 $684,479 $477,543
2023 $14,034 $1,139,238 $671,058 $468,180
2022 $13,381 $1,116,900 $657,900 $459,000
2021 $13,215 $1,095,000 $645,000 $450,000
2020 $1,160 $75,147 $29,200 $45,947
2019 $1,125 $73,675 $28,628 $45,047
2018 $1,046 $72,231 $28,067 $44,164
2016 $973 $69,428 $26,978 $42,450
2015 $960 $68,386 $26,573 $41,813
2014 $983 $67,047 $26,053 $40,994
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20158835

California Regional Multiple Listing Service (CRMLS)

APN: 5460-005-022