NOT LISTED FOR SALE

3551 Chesapeake Ave Los Angeles, CA 90016

Baldwin Hills Neighborhood

Estimated Value: $1,244,000 - $1,638,000

5 Beds
3 Baths
2,212 Sq Ft
$630/Sq Ft Est. Value

Last Sold April 01, 2016

Last sale price $470,000 $212 Per Sq Ft

Est. 196% increase in value since last sale

Current estimated payment $8,439/month

14 Days on Market

Highlights

  • Property is near public transit
  • 3-minute walk to Farmdale
  • Level Lot
  • Private Yard

About This Home

As of April 2016

Three units located in a desirable area of Los Angeles, it's a SHORT SALE subject to Bank approval, fixer upper, it needs a lot of repairs as new paint inside and outside, new windows, new floors, new roof, kitchen cabinets and some landscaping work.

Last Agent to Sell the Property

Eddie Lopez

Berkshire Hathaway Hm Ser License #01787042 Listed on: 01/15/2016

Berkshire Hathaway Hm Ser

Last Buyer's Agent

Mary Bonilla

Excellence RE Real Estate, Inc. License #01429874

Excellence RE Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,292

Year Built

  • Built in 1944

Lot Details

  • 6,259 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Private Yard
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 2,212 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 11298
  • Assessor Parcel Number 5046014008

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,600
  • Fuel Expense $1,800
  • Insurance Expense $500
  • Trash Expense $650
  • Water Sewer Expense $2,700
  • New Taxes Expense $5,500
  • Operating Expense $14,750
  • Gross Income $3,500
  • Net Operating Income $2,725

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,292

Year Built

Built in 1944

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Water Sewer Expenses: 2700.00
  • Property Type: Residential Income
  • Parcel Number: 5046014008
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Price Per Square Foot: 212.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 650.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard, 2-5 Units/Acre, Front Yard, Level with Street, Near Public Transit, Yard
  • Lot Size Sq Ft: 6259.00
  • Price Per Lot Square Foot: 75.09
  • Lot Size Acres: 0.1440

Multi Family

  • Electric Expense: 3600.00
  • Fuel Expense: 1800.00
  • Gross Income: 3500.00
  • Gross Scheduled Income: 3500.00
  • Insurance Expense: 500.00
  • Lot Size Area: 6259.0000 Square Feet
  • Net Operating Income: 2725.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 775.00
  • Rent Control: Yes
  • Total Expenses: 14750.00

Tax Info

  • New Taxes Expense: 5500.00
  • Tax Lot: 9
  • Tax Tract Number: 11298

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2024
Sold by
Reyes Gerardo
Bought by
Geo 121 Llc
Current Estimated Value
$1,392,969

Purchase Details

Closed on
Jun 27, 2017
Sold by
Jm Enterprises Inc
Bought by
Reyes Gerardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,350
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2017
Sold by
Esposito Ricardo
Bought by
Jm Enterprises Inc

Purchase Details

Listed on
Jan 15, 2016
Closed on
Feb 25, 2016
Sold by
Redondo Maria Luisa
Bought by
Esposito Ricardo
Seller's Agent
Eddie Lopez
Berkshire Hathaway Hm Ser
Buyer's Agent
Mary Bonilla
Excellence RE Real Estate, Inc.
List Price
$425,000
Sold Price
$470,000
Premium/Discount to List
$45,000
10.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.09%
Original Mortgage
$444,425
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 22, 2007
Sold by
Redondo Maria Luisa and Redondo Cintia Vanessa Velasquez
Bought by
Redondo Maria Luisa

Purchase Details

Closed on
Sep 19, 2006
Sold by
Redondo Maria Luisa
Bought by
Redondo Maria Luisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
6.56%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 15, 2006
Sold by
Hernandez Jose Luiz Rojo
Bought by
Redondo Maria Luisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
6.56%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 7, 2006
Sold by
Kurachi George M and Dorothy T Ogawa Trust
Bought by
Redondo Maria Luisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
6.56%
Mortgage Type
Stand Alone Second
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
Geo 121 Llc -- None Listed On Document
Geo 121 Llc -- None Listed On Document
Reyes Gerardo $885,000 Pacific Coast Title
Jm Enterprises Inc -- None Available
Esposito Ricardo $470,000 Orange Coast Title Co Socal
Redondo Maria Luisa -- None Available
Redondo Maria Luisa -- None Available
Redondo Maria Luisa -- North American Title Co
Redondo Maria Luisa $615,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reyes Gerardo $656,350
Previous Owner Esposito Ricardo $444,425
Previous Owner Redondo Maria Luisa $123,000
Previous Owner Redondo Maria Luisa $492,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2016 04/01/16 Sold $470,000 +10.6% $212 / Sq Ft
01/18/2016 01/18/16 Pending -- -- --
01/04/2016 01/04/16 For Sale $425,000 -- $192 / 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 $12,292 $1,230,000 $860,000 $370,000
2024 $12,292 $987,229 $708,352 $278,877
2023 $12,061 $967,872 $694,463 $273,409
2022 $11,510 $948,896 $680,847 $268,049
2021 $11,364 $930,292 $667,498 $262,794
2019 $11,029 $902,700 $647,700 $255,000
2018 $10,916 $885,000 $635,000 $250,000
2016 $6,830 $555,000 $451,200 $103,800
2015 $5,150 $414,000 $336,600 $77,400
2014 $5,101 $399,000 $324,400 $74,600
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2016

    Eddie Lopez

    Berkshire Hathaway Hm Ser

    Section Image

  • M

    Buyer's Agent in 2016

    Mary Bonilla

    Excellence RE Real Estate, Inc.

    (323) 573-7922

    12 Total Sales

    Mary Bonilla
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16001519

California Regional Multiple Listing Service (CRMLS)

APN: 5046-014-008

California Los Angeles County Los Angeles 90016 Baldwin Hills

3551 Chesapeake Ave, Los Angeles, CA

This home is located at 3551 Chesapeake Ave, Los Angeles, CA 90016 since 15 January 2016 and is currently estimated at $1,392,969, approximately $629 per square foot. This property was built in 1944. 3551 Chesapeake Ave is a home located in Los Angeles County with nearby schools including Coliseum Street Elementary School, Audubon Middle School, and Susan Miller Dorsey Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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