NOT LISTED FOR SALE

Estimated Value: $886,000 - $1,204,448

7 Beds
3 Baths
2,350 Sq Ft
$438/Sq Ft Est. Value

Last Sold October 04, 2017

Last sale price $700,000 $298 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $6,422/month

116 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Stacked Washer and Dryer
  • Abraham Lincoln High School Rated A

About This Home

As of October 2017

PRICE REDUCTION. This property is in a prime El Sereno location within 10-15 minutes drive to Downtown LA, Dodger Stadium and neighboring Cal State LA. In addition, only 3 miles from both South Pasadena and Alhambra!
This property has 2 houses on a lot. The house in the front is 3 bedrooms, 1 bath and was completely upgraded in 2007! The rear house is 4 bedrooms, 2 baths and was built BRAND NEW in 2007! There is an inside laundry in each unit.
Please call the listing agent for a showing.

Last Agent to Sell the Property

Eric Carson

FALCON REALTY License #01028968 Listed on: 04/24/2017

FALCON REALTY

Last Buyer's Agent

Dennis Wat

HOMEQUEST REAL ESTATE License #01908155

HOMEQUEST REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,792

Year Built

  • Built in 1923

Lot Details

  • 7,120 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 2,350 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 84
  • Assessor Parcel Number 5306014031

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Water Sewer Expense $3,300
  • New Taxes Expense $9,688
  • Operating Expense $14,488
  • Gross Income $37,680
  • Net Operating Income $23,192

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,792

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3300.00
  • Zoning: LARD3
  • Property Type: Residential Income
  • Parcel Number: 5306014031
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 297.87
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7120.00

Multi Family

  • Gross Income: 37680.00
  • Gross Scheduled Income: 37680.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 23192.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 14488.00
  • Rent Control: Yes
  • Total Actual Rent: 3640.00
  • Total Expenses: 14488.00

Tax Info

  • New Taxes Expense: 9688.00
  • Tax Census Tract: 2012.00
  • Tax Lot: 84
  • Tax Tract Number: Newton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
Oct 2, 2017
Sold by
Luo Rongjiao
Bought by
Zhong Zhenming
Seller's Agent
Eric Carson
FALCON REALTY
Buyer's Agent
Dennis Wat
HOMEQUEST REAL ESTATE
List Price
$740,000
Sold Price
$700,000
Premium/Discount to List
-$40,000
-5.41%
Current Estimated Value
$1,028,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,862
Avg. Annual Appreciation
4.94%

Purchase Details

Listed on
Apr 24, 2017
Closed on
Aug 23, 2017
Sold by
Madero Fidencio and Madero Maria
Bought by
Zhong Zhenming
Seller's Agent
Eric Carson
FALCON REALTY
Buyer's Agent
Dennis Wat
HOMEQUEST REAL ESTATE
List Price
$740,000
Sold Price
$700,000
Premium/Discount to List
-$40,000
-5.41%

Purchase Details

Closed on
Feb 8, 2008
Sold by
Madero Fidencio and Madero Carmen
Bought by
Madero Fidencio and Madero Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2007
Sold by
Vallejo Jose Luis and Vallejo Maria G
Bought by
Madero Fidencio and Madero Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
1.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2005
Sold by
Vallejo Jose Luis
Bought by
Vallejo Jose Luis and Vallejo Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,000
Interest Rate
6.12%
Mortgage Type
New Conventional
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
Zhong Zhenming -- Orange Coast Title Co Socal
Zhong Zhenming $700,000 Orange Coast Title Co Socal
Madero Fidencio -- None Available
Madero Fidencio $450,000 Financial Title Company La
Vallejo Jose Luis -- North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Madero Fidencio $465,332
Previous Owner Madero Fidencio $472,500
Previous Owner Madero Fidencio $360,000
Previous Owner Vallejo Jose Luis $380,000
Previous Owner Vallejo Jose Luis $10,000
Previous Owner Vallejo Jose Luis $337,000
Previous Owner Vallejo Jose Luis $18,000
Previous Owner Vallejo Jose Luis $251,900
Previous Owner Vallejo Jose Luis $197,000
Previous Owner Vallejo Jose Luis $16,843
Previous Owner Vallejo Jose Luis $171,000
Previous Owner Vallejo Jose Luis $137,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2017 10/04/17 Sold $700,000 -5.4% $298 / Sq Ft
09/05/2017 09/05/17 For Sale $740,000 0.0% $315 / Sq Ft
08/18/2017 08/18/17 Pending -- -- --
06/30/2017 06/30/17 Price Changed $740,000 -2.0% $315 / Sq Ft
05/30/2017 05/30/17 Price Changed $755,000 -2.6% $321 / Sq Ft
04/24/2017 04/24/17 For Sale $775,000 -- $330 / 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 $9,792 $796,476 $557,534 $238,942
2024 $9,792 $780,859 $546,602 $234,257
2023 $9,607 $765,549 $535,885 $229,664
2022 $9,165 $750,539 $525,378 $225,161
2021 $9,047 $735,824 $515,077 $220,747
2020 $9,136 $728,280 $509,796 $218,484
2019 $8,780 $714,000 $499,800 $214,200
2018 $8,664 $700,000 $490,000 $210,000
2016 $6,808 $550,000 $373,200 $176,800
2015 $6,213 $500,000 $339,300 $160,700
2014 $5,753 $450,000 $325,000 $125,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17089195

California Regional Multiple Listing Service (CRMLS)

APN: 5306-014-031