NOT LISTED FOR SALE

Estimated Value: $825,484 - $962,000

6 Beds
2 Baths
1,620 Sq Ft
$549/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $775,000 $478 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,701/month

2 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • 2-minute walk to Avalon and Gage Park
  • No HOA
  • 1-Story Property

About This Home

As of May 2021

This very desirable income producing duplex is non-rent controlled. This duplex consists of two 3 bedroom one bath units, each with its own single garage. Each unit includes granite countertops, dual pane vinyl windows, tile flooring in kitchen and bathrooms, carpet and wood cabinets. Conveniently located to the Downtown Los Angeles area.

Last Agent to Sell the Property

Kevin Via

Compass License #02042474 Listed on: 03/24/2021

Compass

Last Buyer's Agent

Ericka McAbee

Compass License #02008240

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,254

Year Built

  • Built in 2007

Lot Details

  • 5,004 Sq Ft Lot
  • 1 Common Wall
  • Sprinklers on Timer
  • Lawn

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Duplex

Interior Spaces

  • 1,620 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 52 / B
  • Tax Tract Number 2392
  • Assessor Parcel Number 6006021029

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Water Sewer Expense $3,000
  • New Taxes Expense $8,792
  • Operating Expense $13,592
  • Gross Income $62,892
  • Net Operating Income $49,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,254

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • CapRate: 6.16
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6006021029
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 478.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Sprinklers Timer
  • Lot Size Sq Ft: 5004.00
  • Lot Size Acres: 0.1149
  • Latitude Manual: 33.98267700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 62892.00
  • Gross Operating Income: 61635.00
  • Gross Scheduled Income: 62892.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5004.0000 Square Feet
  • Net Operating Income: 49300.00
  • 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: 13592.00
  • Rent Control: No
  • Total Expenses: 13592.00
  • Vacancy Allowance: 1257
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 8792.00
  • Tax Block: B
  • Tax Census Tract: 2392.02
  • Tax Lot: 52
  • Tax Tract Number: 2392.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2021
Sold by
Primeau Kenneth and Primeau Carolyn
Bought by
Primeau Kenneth and Primeau Carolyn
Current Estimated Value
$889,371

Purchase Details

Listed on
Mar 24, 2021
Closed on
Mar 26, 2021
Sold by
Cyprus Kip C and Cyprus Amy L
Bought by
Primeau Kenneth and Primeau Carolyn
Seller's Agent
Kevin Via
Compass
Buyer's Agent
Ericka McAbee
Compass
List Price
$785,000
Sold Price
$775,000
Premium/Discount to List
-$10,000
-1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.68%
Original Mortgage
$581,250
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2008
Sold by
Seacliff Properties Inc
Bought by
Cyprus Kip C and Cyprus Amy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,500
Interest Rate
6.04%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 26, 2007
Sold by
Amador Ariel
Bought by
Seacliff Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.73%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 10, 2006
Sold by
Amador Ariel
Bought by
Amador Ariel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2005
Sold by
Alvarez Amador Maribel
Bought by
Amador Ariel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 1998
Sold by
Jones Ruth L
Bought by
Amador Ariel and Alvarez Amador Maribel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,963
Interest Rate
6.61%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 26, 1996
Sold by
Jones Lee Ruth
Bought by
Jones Lee Ruth and Jones Linda Adele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.09%

Purchase Details

Closed on
Aug 3, 1995
Sold by
Jones Lee Ruth and Jones Linda Adele
Bought by
Joint Trust Of Lee Ruth & Linda Adele Jo
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Primeau Kenneth -- None Available
Primeau Kenneth $775,000 Lawyers Title Burbank
Cyprus Kip C -- Southland Title Corporation
Seacliff Properties Inc $305,000 Southland Title
Amador Ariel -- Chicago Title Co
Amador Ariel -- Commonwealth Land
Amador Ariel $87,000 Provident Title Company
Jones Lee Ruth -- Benefit Title
Joint Trust Of Lee Ruth & Linda Adele Jo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Primeau Kenneth $581,250
Previous Owner Cyprus Kip C $442,500
Previous Owner Seacliff Properties Inc $104,000
Previous Owner Seacliff Properties Inc $409,000
Previous Owner Amador Ariel $214,000
Previous Owner Amador Ariel $179,000
Previous Owner Amador Ariel $68,200
Previous Owner Amador Ariel $84,990
Previous Owner Amador Ariel $22,200
Previous Owner Amador Ariel $86,963
Previous Owner Jones Lee Ruth $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $775,000 -1.3% $478 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $785,000 -- $485 / 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 $10,254 $838,883 $514,154 $324,729
2024 $10,254 $822,435 $504,073 $318,362
2023 $10,058 $806,310 $494,190 $312,120
2022 $9,594 $790,500 $484,500 $306,000
2021 $7,420 $600,000 $406,100 $193,900
2020 $7,206 $570,000 $452,900 $117,100
2019 $6,448 $518,000 $411,600 $106,400
2018 $6,471 $518,000 $411,600 $106,400
2016 $5,348 $428,000 $340,100 $87,900
2015 $4,753 $378,000 $300,400 $77,600
2014 $3,943 $302,000 $240,000 $62,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21062204

California Regional Multiple Listing Service (CRMLS)

APN: 6006-021-029