$1,400,000
SOLD NOV 3, 2023

3827 Grand Ave Huntington Park, CA 90255

8 Beds
6 Baths
4,812 Sq Ft
0.38 Acres

Recently Sold

$291 Per Sq Ft

23 Days on Market

Highlights

  • 0.38 Acre Lot
  • Corner Lot
  • Laundry Room
  • Linda Esperanza Marquez High School Rated A-
  • No HOA

About This Home

As of November 2023

Presenting a well-maintained apartment consisting of six units, spread across three buildings. The main building comprises four units, while the remaining two attached units are single-family homes. The property boasts long-term tenants who consistently pay their rent on time, providing a stable and reliable income. With the potential for rent increases, there is an opportunity to generate even higher income from this investment.

Last Agent to Sell the Property

Bonnie Tsai

Pinnacle Real Estate Group License #01908417 Listed on: 08/17/2023

Pinnacle Real Estate Group

Last Buyer's Agent

Avinash Narang

BRC Advisors BH License #01448548

BRC Advisors BH

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $22,149

Year Built

  • Built in 1966

Lot Details

  • 0.38 Acre Lot
  • No Common Walls
  • Corner Lot

Parking

  • 6 Open Parking Spaces
  • 6 Car Garage

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 4,812 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Private Water Source

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 125
  • Tax Tract Number 2599
  • Assessor Parcel Number 6214008020
  • $2,185 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $6,806
  • Trash Expense $2,449
  • Water Sewer Expense $2,683
  • New Taxes Expense $19,209
  • Operating Expense $32,108
  • Gross Income $120,840
  • Net Operating Income $88,732

Property Details

Home Type

Apartment

Est. Annual Taxes

$22,149

Year Built

Built in 1966

Lot Details

0

Parking

6

Listing Details

  • CapRate: 6.30
  • Other Phone Description: LALT
  • Price Per Unit: 233333
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 2682.90
  • Zoning: HPR1*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 6214008020
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: ground level
  • Common Walls: No Common Walls
  • Entry Level: 2
  • Price Per Square Foot: 290.94

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 2449.30
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 16759.00
  • Lot Size Acres: 0.3847

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 120840.00
  • Gross Scheduled Income: 120840.00
  • Insurance Expense: 6806.00
  • Lot Size Area: 16759.0000 Square Feet
  • Net Operating Income: 88732.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 32108.00
  • Rent Control: No
  • Total Expenses: 32108.00

Tax Info

  • New Taxes Expense: 19209.00
  • Tax Census Tract: 5345.02
  • Tax Lot: 125
  • Tax Tract Number: 2599
  • TaxOtherAnnualAssessmentAmount: 2185.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2023
Closed on
Oct 26, 2023
Sold by
Sentinel Peak Resources Ca Llc
Bought by
Metro Heights Montebello Llc
Seller's Agent
Bonnie Tsai
Pinnacle Real Estate Group
Buyer's Agent
Avinash Narang
BRC Advisors BH
List Price
$1,400,000
Sold Price
$1,400,000
Views
29
Current Estimated Value
$1,553,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,917
Avg. Annual Appreciation
4.24%
Original Mortgage
$900,000
Outstanding Balance
$883,345
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$629,673

Purchase Details

Listed on
Aug 17, 2023
Closed on
Sep 20, 2023
Sold by
Sinocraft Corp
Bought by
On Grand Ave Llc
Seller's Agent
Bonnie Tsai
Pinnacle Real Estate Group
Buyer's Agent
Avinash Narang
BRC Advisors BH
List Price
$1,400,000
Sold Price
$1,400,000
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$883,345
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$629,673

Purchase Details

Listed on
Apr 13, 2016
Closed on
Jun 28, 2016
Sold by
Ari Fund 2 Llc
Bought by
Sinocraft Corp
Seller's Agent
Victor Ambriz Jr
Keller Williams SELA
Buyer's Agent
Bonnie Tsai
Pinnacle Real Estate Group
List Price
$1,145,000
Sold Price
$1,145,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.80%
Original Mortgage
$572,500
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 29, 2012
Closed on
Oct 30, 2012
Sold by
Tylka Gregory C and Barshay Adam
Bought by
Ari Fund 2 Llc
Seller's Agent
Wonnie Kim
Won Suk Kim Real Estate, Inc.
Buyer's Agent
Wonnie Kim
Won Suk Kim Real Estate, Inc.
List Price
$550,000
Sold Price
$605,000
Premium/Discount to List
$55,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.18%

Purchase Details

Listed on
Aug 29, 2012
Closed on
Sep 19, 2012
Sold by
Greenseth Bobbi Jean
Bought by
Barshay Adam
Seller's Agent
Wonnie Kim
Won Suk Kim Real Estate, Inc.
Buyer's Agent
Wonnie Kim
Won Suk Kim Real Estate, Inc.
List Price
$550,000
Sold Price
$605,000
Premium/Discount to List
$55,000
10%

Purchase Details

Listed on
Aug 29, 2012
Closed on
Sep 17, 2012
Sold by
Pedroza Antonio and Iglesias Mariela
Bought by
Tylka Gregory C and Barshay Adam
Seller's Agent
Wonnie Kim
Won Suk Kim Real Estate, Inc.
Buyer's Agent
Wonnie Kim
Won Suk Kim Real Estate, Inc.
List Price
$550,000
Sold Price
$605,000
Premium/Discount to List
$55,000
10%

Purchase Details

Closed on
Mar 13, 2007
Sold by
Iglesias Mariela
Bought by
Pedroza Antonio and Iglesias Mariela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 10, 2005
Sold by
Sotomayor Carlos and Sotomayor Carlos
Bought by
Iglesias Mariela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 3, 2004
Sold by
Sotomayor Patricia
Bought by
Sotomayor Carlos

Purchase Details

Closed on
Nov 15, 2004
Sold by
Carter Jose and Carter Angela
Bought by
Sotomayor Carlos and Sotomayor Carlos

Purchase Details

Closed on
Feb 23, 1999
Sold by
Palacios Rolando and Palacios Consuelo
Bought by
Carter Jose and Carter Angela

Purchase Details

Closed on
Nov 29, 1994
Sold by
Cano Robert and Cano Fay E
Bought by
Carter Jose and Carter Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
9.08%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Quit Claim Deed -- First American Title
Grant Deed $1,400,000 Chicago Title Company
Grant Deed $1,145,000 First American Title Company
Grant Deed -- None Available
Interfamily Deed Transfer -- Provident Title
Interfamily Deed Transfer -- Provident Title
Grant Deed $605,000 Provident Title
Interfamily Deed Transfer -- Orange Coast Title
Grant Deed $780,000 Security Union Title
Interfamily Deed Transfer -- Security Union Title
Interfamily Deed Transfer -- Fidelity National Title Comp
Grant Deed $525,000 Fidelity National Title Comp
Gift Deed -- --
Gift Deed -- --
Grant Deed $360,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $900,000 New Conventional
Previous Owner $572,500 Commercial
Previous Owner $544,000 Commercial
Previous Owner $575,000 Commercial
Previous Owner $425,000 Commercial
Previous Owner $247,000 Commercial
Closed $55,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2024 08/13/24 For Rent $1,950 0.0% --
07/01/2024 07/01/24 Price Changed $1,950 0.0% $3 / Sq Ft
06/29/2024 06/29/24 For Rent $1,950 0.0% --
11/03/2023 11/03/23 Sold $1,400,000 0.0% $291 / Sq Ft
09/09/2023 09/09/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $1,400,000 +22.3% $291 / Sq Ft
07/22/2016 07/22/16 Sold $1,145,000 0.0% $238 / Sq Ft
05/15/2016 05/15/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $1,145,000 +89.3% $238 / Sq Ft
09/26/2012 09/26/12 Sold $605,000 +10.0% $126 / Sq Ft
08/30/2012 08/30/12 Pending -- -- --
08/29/2012 08/29/12 For Sale $550,000 -- $114 / 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 $22,149 $1,428,000 $816,000 $612,000
2024 $22,149 $1,400,000 $800,000 $600,000
2023 $20,424 $1,277,265 $780,861 $496,404
2022 $19,208 $1,252,221 $765,550 $486,671
2021 $18,944 $1,227,669 $750,540 $477,129
2019 $18,334 $1,191,258 $728,280 $462,978
2018 $18,156 $1,167,900 $714,000 $453,900
2016 $10,307 $629,340 $312,070 $317,270
2015 $10,135 $619,888 $307,383 $312,505
2014 $10,116 $607,746 $301,362 $306,384
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS23153350

California Regional Multiple Listing Service (CRMLS)

APN: 6214-008-020