NOT LISTED FOR SALE

3635 E Cesar e Chavez Ave Los Angeles, CA 90063

Estimated Value: $1,044,028

4 Beds
3 Baths
2,494 Sq Ft
$419/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $900,000 $361 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,790/month

14 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Craftsman Architecture
  • Wood Flooring
  • James A. Garfield Senior High School Rated A
  • Property is near public transit
  • Granite Countertops

About This Home

As of December 2021

Gorgeous Gem awaiting for new ownership. This property is full of potential income! All units will be delivered vacant. Features a commercial/office, plus 3 individual units and large garage with bathroom. Direct access to an over-sized garage offering plenty of storage and parking. The garage has potential to be an additional rental income as an ADU. Family friendly neighborhood, the property is located walking distance to shopping and dining. Transportation is steps away from the front door. All 4 units are nicely manicured, the owner did a beautiful job with the upkeep and the improvements. Must see the pictures to appreciate the property.

Last Agent to Sell the Property

Jesse Garcia

REALTY WORLD CALIFORNIA AGENTS License #01260007 Listed on: 10/05/2021

Last Buyer's Agent

YANIRA RIVAS

REALTY MASTERS & ASSOCIATES, INC. License #02012569

REALTY MASTERS & ASSOCIATES, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,221

Year Built

  • Built in 1946

Lot Details

  • 6,335 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • Fence is in average condition
  • No Landscaping
  • Private Yard

Parking

  • 1 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Driveway

Property Views

  • Neighborhood
  • Courtyard

Home Design

  • Craftsman Architecture
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,494 Sq Ft Home
  • Crown Molding
  • Beamed Ceilings
  • Living Room

Kitchen

  • Granite Countertops
  • Formica Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Halls are 36 inches wide or more
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 20 / 64
  • Assessor Parcel Number 5232027021
  • $2,033 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,000
  • Water Sewer Expense $1,560
  • Operating Expense $3,560
  • Net Operating Income $2,130

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,221

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 209750
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1560.00
  • Zoning: LCC3*
  • Architectural Style: Craftsman
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 5232027021
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Copper Plumbing Partial, Crown Molding, Formica Counters, Granite Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile, Wood
  • Accessibility Features: 36 Inch Or More Wide Halls
  • Price Per Square Foot: 360.87
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room

Exterior Features

  • Foundation: Raised, Slab
  • Other Structures: Storage
  • View: Courtyard, Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Block, Chain Link
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Garage Faces Front
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Closet, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, No Landscaping, Yard
  • Lot Size Sq Ft: 6335.00
  • Lot Size Acres: 0.1454

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 74400.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6335.0000 Square Feet
  • Net Operating Income: 2130.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 2130.00
  • Rent Control: No
  • Total Expenses: 3560.00

Tax Info

  • Tax Block: 64
  • Tax Census Tract: 5309.01
  • Tax Lot: 20
  • Tax Tract Number: 00
  • TaxOtherAnnualAssessmentAmount: 2033.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2021
Closed on
Nov 19, 2021
Sold by
Aguilar Kevin C
Bought by
Zapien Magaly R
Seller's Agent
Jesse Garcia
REALTY WORLD CALIFORNIA AGENTS
Buyer's Agent
YANIRA RIVAS
REALTY MASTERS & ASSOCIATES, INC.
List Price
$839,000
Sold Price
$900,000
Premium/Discount to List
$61,000
7.27%
Current Estimated Value
$1,044,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,028
Avg. Annual Appreciation
3.43%
Original Mortgage
$869,962
Outstanding Balance
$801,568
Interest Rate
3.09%
Mortgage Type
FHA
Estimated Equity
$219,426

Purchase Details

Listed on
Oct 5, 2021
Closed on
Nov 17, 2021
Sold by
Ortiz Margarita A
Bought by
Zapien Magaly R
Seller's Agent
Jesse Garcia
REALTY WORLD CALIFORNIA AGENTS
Buyer's Agent
YANIRA RIVAS
REALTY MASTERS & ASSOCIATES, INC.
List Price
$839,000
Sold Price
$900,000
Premium/Discount to List
$61,000
7.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$869,962
Outstanding Balance
$801,568
Interest Rate
3.09%
Mortgage Type
FHA
Estimated Equity
$219,426

Purchase Details

Closed on
Sep 19, 1998
Sold by
Ortiz Antonio
Bought by
Ortiz Margarita A
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
Zapien Magaly R -- Lawyers Title
Zapien Magaly R $900,000 Lawyers Title
Ortiz Margarita A -- --
Alfaro Guadalupe G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zapien Magaly R $869,962
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2021 12/01/21 Sold $900,000 0.0% $361 / Sq Ft
10/19/2021 10/19/21 Pending -- -- --
10/16/2021 10/16/21 Off Market $900,000 -- --
10/05/2021 10/05/21 For Sale $839,000 -- $336 / 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 $13,221 $955,086 $636,724 $318,362
2024 $13,221 $936,360 $624,240 $312,120
2023 $13,001 $918,000 $612,000 $306,000
2022 $12,416 $900,000 $600,000 $300,000
2021 $2,906 $74,692 $31,458 $43,234
2020 $2,908 $73,927 $31,136 $42,791
2019 $2,855 $72,478 $30,526 $41,952
2018 $2,738 $71,058 $29,928 $41,130
2016 $2,627 $68,301 $28,767 $39,534
2015 $2,596 $67,276 $28,335 $38,941
2014 $2,587 $65,959 $27,780 $38,179
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB21220731

California Regional Multiple Listing Service (CRMLS)

APN: 5232-027-021