NOT LISTED FOR SALE

3579 E 1st St Los Angeles, CA 90063

Estimated Value: $1,012,841

9 Beds
5 Baths
4,000 Sq Ft
$253/Sq Ft Est. Value

Last Sold August 24, 2016

Last sale price $905,000 $226 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,502/month

32 Days on Market

About This Home

As of August 2016

Completely Remodeled, fully occupied in a NON RENT CONTROL AREA. Fabulous cash flow!! 7.25 cap. Turn key property in an excellent location with a very strong rental market. Last unit in the rent roll is a commercial store that is rented out to a market for 3 years with yearly increases already factored into the lease. The building shows very well. Please send clients by without walking on the property. Tenants are not aware of the sale. The Rents are actual. The expenses are very minimal, separate metered for electric and master metered for the gas. The seller has permits to show property is approx. 4000 square feet of building. Rents are bit different for the 2 bedroom units because the unit sizes are different. Stainless steel appliances such as range and Refrigerator are included and provided by the seller for the tenants. All units have been remodeled and have Window AC units.

Last Agent to Sell the Property

George Gorgy

Premier Investors R.E., Inc. License #01145543 Listed on: 05/24/2016

Last Buyer's Agent

JASON TUEY

License #01932050

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,939

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 2,746 Sq Ft Lot

Parking

  • On-Street Parking

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Range

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Sewer in Street

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • The owner pays for gas, water
  • Assessor Parcel Number 5232-013-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,939

Year Built

Built in 1924 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4000
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Laminate
  • Appliances: Range
  • Bedrooms: 9
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Refrigerator
  • Price Per S Q F T: 237.25

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: On street

Utilities

  • Cooling: Air Conditioning, Wall/Window
  • Sewer: In Street
  • Water Expense: 1800.00

Fee Information

  • Gas Expense: 900.00
  • Insurance Expense: 1500.00
  • Trash Expense: 1152.00

Lot Info

  • Assessed Improvement Value: 89839
  • Assessed Land Value: 89839
  • Assessor Parcel Number: 5232-013-017
  • Geocode Override: No
  • Lot Size Area: 2746

Rental Info

  • Total Actual Rent: 90900.00
  • Land Lease Type: Fee
  • Owner Pays: Gas, Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 10.40
  • Number Of Units: 5
  • Rent Control: 0
  • Total Annual Expense: 19000
  • Type Of Units: 5
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 11865.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2020
Sold by
Apodaca Leonel Lagarde
Bought by
Arroyo Issa L
Current Estimated Value
$1,012,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2020
Sold by
Okubo Tracey Y and Okubo Todd T
Bought by
Arroyo Issa L and Arroyo Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2019
Sold by
Okubo Todd T
Bought by
Okubo Todd T and Todd T Okubo Trust

Purchase Details

Listed on
May 24, 2016
Closed on
Jul 6, 2016
Sold by
First St Legacy Llc
Bought by
Tracey Y Okubo Trust
Seller's Agent
George Gorgy
Premier Investors R.E., Inc.
Buyer's Agent
JASON TUEY
List Price
$949,000
Sold Price
$905,000
Premium/Discount to List
-$44,000
-4.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.13%
Original Mortgage
$453,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 2015
Sold by
Gonzalez Esther
Bought by
First St Legacy Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2000
Sold by
Gonzalez Daniel A
Bought by
Gonzalez Armando R
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Arroyo Issa L -- Stewart Title
Arroyo Issa L $800,000 Stewart Title
Okubo Todd T -- Accommodation
Tracey Y Okubo Trust $905,000 Fidelity National Title Co
First St Legacy Llc $570,000 None Available
Gonzalez Armando R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arroyo Issa L $407,000
Previous Owner Tracey Y Okubo Trust $453,000
Previous Owner First St Legacy Llc $435,000
Previous Owner First St Legacy Llc $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2016 08/24/16 Sold $905,000 -4.6% $226 / Sq Ft
06/25/2016 06/25/16 Pending -- -- --
05/24/2016 05/24/16 For Sale $949,000 -- $237 / Sq Ft
Source: The MLS

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 $11,939 $865,945 $324,729 $541,216
2024 $11,939 $848,966 $318,362 $530,604
2023 $11,738 $832,320 $312,120 $520,200
2022 $11,209 $816,000 $306,000 $510,000
2021 $13,069 $970,341 $321,660 $648,681
2020 $13,171 $960,392 $318,362 $642,030
2019 $12,675 $941,562 $312,120 $629,442
2018 $12,540 $923,100 $306,000 $617,100
2016 $8,439 $578,692 $289,346 $289,346
2015 $3,459 $179,678 $89,839 $89,839
2014 $3,451 $176,160 $88,080 $88,080
Source: Public Records

Agents Affiliated with this Home

  • George Gorgy

    Seller's Agent in 2016

    George Gorgy

    Premier Investors R.E., Inc.

    (310) 420-2333

    11 Total Sales

    George Gorgy
    Section Image

  • J

    Buyer's Agent in 2016

    JASON TUEY

See All Agents

Map

Source: The MLS

MLS Number: 16-128272

The MLS

APN: 5232-013-017

California Los Angeles County Los Angeles 90063

3579 E 1st St, Los Angeles, CA

This home is located at 3579 E 1st St, Los Angeles, CA 90063 since 24 May 2016 and is currently estimated at $1,012,841, approximately $253 per square foot. This property was built in 1924. 3579 E 1st St is a home located in Los Angeles County with nearby schools including Belvedere Elementary School, Belvedere Middle School, and Engineering And Technology Academy At Esteban E. Torres High No. 3.

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.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes