NOT LISTED FOR SALE

3960 E 6th St Los Angeles, CA 90023

Estimated Value: $643,000 - $828,606

6 Beds
3 Baths
1,664 Sq Ft
$426/Sq Ft Est. Value

Last Sold May 24, 2022

Last sale price $615,000 $370 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,610/month

18 Days on Market

Highlights

  • Cooling Available
  • Laundry Room
  • Heating Available
  • James A. Garfield Senior High School Rated A
  • Tile Flooring

About This Home

As of May 2022

Great opportunity. This duplex is on a large lot with plenty of onsite parking. These are two detached separate units, which offers great upside in rents. The front unit has 3 bedrooms and 1 bathroom. The rear unit is a great size 3 bedrooms and 2 bathrooms. One of the bathrooms in the rear unit has been recently renovated. The kitchen features a beautiful backsplash and gourmet-like features. There is an area behind the rear unit for backyard use. Each unit has separate gas and electric meter. Electric panel was upgraded recently. Conveniently located in an area centralized to shopping, freeways, schools, and transportation. This duplex is being delivered with tenants. Zoned LCR4!

Last Agent to Sell the Property

Mansoor Ishfaq

Realty Executives Select License #02133040 Listed on: 04/11/2022

Realty Executives Select

Last Buyer's Agent

ELISA TREJO

WERE REAL ESTATE INC. License #02093022

WERE REAL ESTATE INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,979

Year Built

  • Built in 1962

Lot Details

  • 7,805 Sq Ft Lot
  • No Common Walls

Home Design

  • 1,664 Sq Ft Home
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • On-Site Parking

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 15 / C
  • Tax Tract Number 531
  • Assessor Parcel Number 5238016018

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $960
  • Trash Expense $400
  • Water Sewer Expense $2,400
  • Operating Expense $3,760
  • Gross Income $32,400
  • Net Operating Income $28,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,979

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: 310-985-4317
  • Price Per Unit: 325000
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 2400.00
  • Zoning: LCR4*
  • Property Type: Residential Income
  • Parcel Number: 5238016018
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Price Per Square Foot: 369.59

Exterior Features

  • Foundation: Raised, Slab
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7805.00
  • Lot Size Acres: 0.1792

Multi Family

  • Gross Income: 32400.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 960.00
  • Lot Size Area: 7805.0000 Square Feet
  • Net Operating Income: 28640.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3760.00
  • Rent Control: Yes
  • Total Expenses: 3760.00

Tax Info

  • Tax Block: C
  • Tax Census Tract: 5312.01
  • Tax Lot: 15
  • Tax Tract Number: 531...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2022
Closed on
Feb 28, 2022
Sold by
Liv Francisca Mercado Guerrero Revocable
Bought by
Sufi Salman Ahmad and Sufi Felicita Li
Seller's Agent
Oscar Barragan
T.N.G. Real Estate Consultants
Buyer's Agent
Oscar Barragan
T.N.G. Real Estate Consultants
List Price
$650,000
Sold Price
$528,000
Premium/Discount to List
-$122,000
-18.77%
Current Estimated Value
$708,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,902
Avg. Annual Appreciation
9.78%
Original Mortgage
$285,500
Outstanding Balance
$267,138
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$458,584

Purchase Details

Closed on
Jun 9, 2005
Sold by
Guerrero Francisca
Bought by
Guerrero Francisca Mercado and Martinez Dolores S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2000
Sold by
Trust Martinez Dolores S Tr Guerrero Fam and Martinez Dolores Simonita Guerrero
Bought by
Guerrero Francisca Mercado and Martinez Dolores S
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
Sufi Salman Ahmad $528,000 Lawyers Title
Guerrero Francisca Mercado -- Fidelity National Title
Guerrero Francisca Mercado -- Fidelity National Title
Guerrero Francisca Mercado -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sufi Salman Ahmad $285,500
Previous Owner Guerrero Francisca M $100,000
Previous Owner Guerrero Francisca Mercado $310,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2022 05/24/22 Sold $615,000 -5.4% $370 / Sq Ft
04/11/2022 04/11/22 For Sale $650,000 +23.1% $391 / Sq Ft
03/30/2022 03/30/22 Sold $528,000 -18.8% $317 / Sq Ft
01/25/2022 01/25/22 For Sale $650,000 -- $391 / 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 $8,979 $652,642 $334,280 $318,362
2024 $8,979 $639,846 $327,726 $312,120
2023 $8,661 $627,300 $321,300 $306,000
2022 $1,929 $63,816 $19,606 $44,210
2021 $1,901 $62,566 $19,222 $43,344
2020 $1,903 $61,925 $19,025 $42,900
2019 $1,866 $60,711 $18,652 $42,059
2018 $1,698 $59,522 $18,287 $41,235
2016 $1,626 $57,213 $17,578 $39,635
2015 $1,608 $56,354 $17,314 $39,040
2014 $1,617 $55,251 $16,975 $38,276
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22073141

California Regional Multiple Listing Service (CRMLS)

APN: 5238-016-018