NOT LISTED FOR SALE

4017 Morgan Ave Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $693,000 - $891,000

3 Beds
2 Baths
1,416 Sq Ft
$562/Sq Ft Est. Value

Last Sold October 20, 2019

Last sale price $555,000 $392 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,847/month

237 Days on Market

Highlights

  • Open Floorplan
  • Granite Countertops
  • Laundry Room
  • Colonial Architecture
  • Private Yard
  • 5-minute walk to Ross Snyder Recreation Center

About This Home

As of October 2019

HUGE PRICE REDUCTION !!! 2 HOMES FOR THE PRICE OF ONE FOR SALE!! $555,000 AND NEW TERMS, ATTENTION INVESTORS---NEW PRICE TO SELL FAST --AMAZING OPPORTUNITY TO EXPAND AND BUILD a THIRD UNIT**** possible to build one more unit with 1 car garage 1 carport and 2 parking spaces. 2 detached homes for sale in good condition. Renovated 2016 Front house 2 bedrooms with 1 bath, living, room formal dining room, and laundry room. Plenty of parking space between the 2 Buildings. Rear house 1 bedroom 1 bath with laundry room,( the rear house is been used as 3 bedrooms 1 bath ) assessors records shows 1 bedroom 1 bath only) seller does not warranty its legality nor does he knows if the extra 2 bonus has been permitted or not. Extra-large backyard & carport. great for owner user/investors.

All information provided is deemed reliable, but is not guaranteed and should be independently verified by interest parties. Tax record shows 3 bedrooms. 2 bathrooms. Property sold AS PRESENT CONDITIONS. ( fRONT HOUSE 2 BEDROOMS 1 BATHROOM AND SECOND REAR UNIT IS BEEN SOLD AS 1 BEDROOM 1 BATHROOM PLUS 2 BONUS ROOMS. SOLD AS IS CONDITIONS INCLUDING THE TENANTS. SELLER LOOKING FOR A SHORT ESCROW.

Last Agent to Sell the Property

Rosalba Farias

ROA California Inc License #00987798 Listed on: 01/01/2019

ROA California Inc

Last Buyer's Agent

Graciela Farnsworth

RE/MAX College Park Realty License #01062870

RE/MAX College Park Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,330

Year Built

  • Built in 1907

Lot Details

  • 8,724 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Colonial Architecture
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 1,416 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • Detached Carport Space
  • Parking Available
  • Driveway
  • Paved Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 2281
  • Assessor Parcel Number 5117014009

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Insurance Expense $500
  • Trash Expense $800
  • Water Sewer Expense $800
  • New Taxes Expense $737,500
  • Operating Expense $200
  • Gross Income $2,800
  • Net Operating Income $2,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,330

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 800.00
  • Zoning: LAR2
  • Architectural Style: Colonial
  • Property Type: Residential Income
  • Parcel Number: 5117014009
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Granite Counters, Open Floorplan
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 391.95

Exterior Features

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

Garage/Parking

  • Parking: Yes
  • Parking Features: Detached Carport, Driveway, Concrete

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Lot 6500-9999, Rectangular Lot, Level, Paved, Walkstreet, Yard
  • Lot Size Sq Ft: 8724.00
  • Lot Size Acres: 0.2003

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 800.00
  • Gross Income: 2800.00
  • Gross Scheduled Income: 2800.00
  • Insurance Expense: 500.00
  • Lot Size Area: 8724.0000 Square Feet
  • Net Operating Income: 2600.00
  • 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: 200.00
  • Rent Control: Yes
  • Total Actual Rent: 2900.00
  • Total Expenses: 200.00

Tax Info

  • New Taxes Expense: 737500.00
  • Tax Census Tract: 2281.00
  • Tax Lot: 10
  • Tax Tract Number: 2281.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2020
Sold by
Acosta Juan Antonio
Bought by
Acosta Juan Antonio
Current Estimated Value
$795,091

Purchase Details

Listed on
Jan 1, 2019
Closed on
Sep 30, 2019
Sold by
Acosta Maria
Bought by
Acosta Juan Antonio
Seller's Agent
Rosalba Farias
ROA California Inc
Buyer's Agent
Graciela Farnsworth
RE/MAX College Park Realty
List Price
$590,000
Sold Price
$555,000
Premium/Discount to List
-$35,000
-5.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.63%
Original Mortgage
$405,000
Outstanding Balance
$361,554
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$405,252

Purchase Details

Listed on
Jan 1, 2019
Closed on
Sep 23, 2019
Sold by
Gamboa Antonio and Teresita Gamboa Revocable Trus
Bought by
Acosta Juan Antonio
Seller's Agent
Rosalba Farias
ROA California Inc
Buyer's Agent
Graciela Farnsworth
RE/MAX College Park Realty
List Price
$590,000
Sold Price
$555,000
Premium/Discount to List
-$35,000
-5.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Outstanding Balance
$361,554
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$405,252

Purchase Details

Closed on
Jun 3, 2015
Sold by
Revocab Antonio Gamboa and Revocab Teresita Gambos
Bought by
Revocab Antonio Gamboa and Revocab Teresita Gamboa

Purchase Details

Closed on
Jul 22, 2009
Sold by
Gamboa Antonio and Gamboa Teresita
Bought by
The Antonio & Teresita Gamboa Family Rev
Source: Public Records

Range of Values:

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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
Acosta Juan Antonio -- Orange Coast Title
Acosta Juan Antonio -- Orange Coast Title
Acosta Juan Antonio $540,000 Orange Coast Title Co
Revocab Antonio Gamboa -- None Available
The Antonio & Teresita Gamboa Family Rev -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Acosta Juan Antonio $405,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2019 10/20/19 Sold $555,000 0.0% $392 / Sq Ft
08/26/2019 08/26/19 Pending -- -- --
07/20/2019 07/20/19 Price Changed $554,900 +1.8% $392 / Sq Ft
07/15/2019 07/15/19 Price Changed $545,000 -1.8% $385 / Sq Ft
03/26/2019 03/26/19 Price Changed $555,000 -0.7% $392 / Sq Ft
01/28/2019 01/28/19 Price Changed $559,000 -5.3% $395 / Sq Ft
01/01/2019 01/01/19 For Sale $590,000 -- $417 / 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 $7,330 $590,565 $349,965 $240,600
2024 $7,330 $578,986 $343,103 $235,883
2023 $7,192 $567,634 $336,376 $231,258
2022 $6,864 $556,505 $329,781 $226,724
2021 $6,779 $545,594 $323,315 $222,279
2020 $6,846 $540,000 $320,000 $220,000
2019 $1,300 $79,576 $49,942 $29,634
2018 $1,174 $78,016 $48,963 $29,053
2016 $1,110 $74,988 $47,062 $27,926
2015 $1,096 $73,863 $46,356 $27,507
2014 -- $72,417 $45,448 $26,969
Source: Public Records

Agents Affiliated with this Home

  • Rosalba Farias

    Seller's Agent in 2019

    Rosalba Farias

    ROA California Inc

    (626) 222-1338

    49 Total Sales

    Rosalba Farias
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19006968

California Regional Multiple Listing Service (CRMLS)

APN: 5117-014-009

California Los Angeles County Los Angeles 90011 Central Alameda

4017 Morgan Ave, Los Angeles, CA

This home is located at 4017 Morgan Ave, Los Angeles, CA 90011 since 01 January 2019 and is currently estimated at $795,091, approximately $561 per square foot. This property was built in 1907. 4017 Morgan Ave is a home located in Los Angeles County with nearby schools including Nevin Avenue Elementary School, Thomas Jefferson Senior High School, and Nava College Preparatory Academy.

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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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