NOT LISTED FOR SALE

Estimated Value: $824,000 - $871,635

4 Beds
3 Baths
2,146 Sq Ft
$396/Sq Ft Est. Value

Last Sold October 08, 2019

Last sale price $540,000 $252 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,263/month

22 Days on Market

Highlights

  • Multi-Level Bedroom
  • Main Floor Bedroom
  • No HOA
  • Wood Flooring
  • Stone Countertops
  • Coffered Ceiling

About This Home

As of October 2019

TWO HOUSES on a CORNER lot. A PERFECT INVESTMENT opportunity for an investor or live in one and rent the other. The property resides close to shops, restaurants, 110 freeway and minutes from the beach, downtown LA and LAX. Each home has a separate address with separate gas and electric meters. Main unit have several interior upgrades (bathroom, engineered wood flooring in UPSTAIRS LOFT with bonuses, granite kitchen counter, and fresh paint throughout); both units have laundry areas, parking, and have been well maintained by the occupants. The units are separated by carport and private backyard. A DETACHED car GARAGE on premise is an added bonus for ADU. Each unit addresses are different (402 E. 102nd street and 10404 Town Ave.) and one of the units will be delivered vacant. There is ample street parking. The high demand for housing in the LA support strong investment fundamentals and future rent growth. DO NOT DISTURB TENANTS - 24 hour notice to view second unit property, contact listing agent.

Last Agent to Sell the Property

Susan Jung

Realty ONE Group United License #01984588 Listed on: 08/01/2019

Realty ONE Group United

Last Buyer's Agent

Susan Jung

Realty ONE Group United License #01984588 Listed on: 08/01/2019

Realty ONE Group United

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,552

Year Built

  • Built in 1940

Lot Details

  • 5,432 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Fence is in good condition
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Driveway Level

Home Design

  • Duplex
  • Shingle Roof
  • Cement Siding
  • Pre-Cast Concrete Construction
  • Plaster

Interior Spaces

  • 2,146 Sq Ft Home
  • Coffered Ceiling
  • Ceiling Fan
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Stone Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Multi-Level Bedroom
  • 3 Bathrooms

Home Security

  • Home Security System
  • Storm Doors
  • Carbon Monoxide Detectors

Utilities

  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 372
  • Tax Tract Number 5745
  • Assessor Parcel Number 6063020001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $1,620
  • Water Sewer Expense $1,620
  • New Taxes Expense $6,188
  • Operating Expense $3,240
  • Gross Income $15,240
  • Net Operating Income $11,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,552

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Security System
  • View: No
  • Water Sewer Expenses: 1620.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6063020001
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Coffered Ceiling(s), Pantry, Stone Counters
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Door Features: Storm Door(s)
  • Levels: One, Two
  • Price Per Square Foot: 251.63
  • Room Type: Kitchen, Main Floor Bedroom, Multi-Level Bedroom

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Good Condition
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Cement Siding, Concrete, Plaster

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Driveway Level, Garage, Garage Faces Rear, On Site, Private
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater
  • Electric: Standard
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1620.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5432.00
  • Lot Size Acres: 0.1247

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 15240.00
  • Gross Scheduled Income: 15240.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5432.0000 Square Feet
  • Net Operating Income: 11280.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 3960.00
  • Rent Control: Yes
  • Total Actual Rent: 1250.00
  • Total Expenses: 3240.00

Tax Info

  • New Taxes Expense: 6187.50
  • Tax Census Tract: 2408.00
  • Tax Lot: 372
  • Tax Tract Number: 5745

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2024
Sold by
Sanchez Valencia Carlos and Sanchez Angela Angela
Bought by
Carlos Sanchez Valencia and Carlos Angela C
Current Estimated Value
$850,409

Purchase Details

Closed on
Jul 8, 2022
Sold by
Sanchez Valencia Carlos and Sanchez Angela
Bought by
Valencia Carlos Sanchez and Sanchez Angela

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
5.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 1, 2019
Closed on
Aug 27, 2019
Sold by
Rueda Sylvia
Bought by
Sanchez Carlos and Sanchez Angela
Seller's Agent
Susan Jung
Realty ONE Group United
Buyer's Agent
Susan Jung
Realty ONE Group United
List Price
$549,000
Sold Price
$540,000
Premium/Discount to List
-$9,000
-1.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.73%
Original Mortgage
$405,000
Interest Rate
3.5%

Purchase Details

Closed on
May 2, 2011
Sold by
Rueda Sylvia
Bought by
Rueda Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,409
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 25, 2011
Sold by
Moses Kenneth C and Estate Of Juanita Moses
Bought by
Rueda Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,409
Interest Rate
4.87%
Mortgage Type
FHA
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
Carlos Sanchez Valencia -- None Listed On Document
Carlos Sanchez Valencia -- None Listed On Document
Valencia Carlos Sanchez -- Fidelity National Title
Sanchez Carlos $540,000 Provident Title Company
Rueda Sylvia -- Lawyers Title Company
Rueda Sylvia $260,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Valencia Carlos Sanchez $472,500
Previous Owner Sanchez Carlos $405,000
Previous Owner Rueda Sylvia $253,409
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2019 10/08/19 Sold $540,000 -1.6% $252 / Sq Ft
08/01/2019 08/01/19 For Sale $549,000 -- $256 / 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 $7,552 $590,565 $437,456 $153,109
2024 $7,552 $578,986 $428,879 $150,107
2023 $7,410 $567,634 $420,470 $147,164
2022 $7,078 $556,505 $412,226 $144,279
2021 $6,984 $545,594 $404,144 $141,450
2020 $7,049 $540,000 $400,000 $140,000
2019 $3,986 $298,604 $160,787 $137,817
2018 $3,905 $292,750 $157,635 $135,115
2016 $3,710 $281,384 $151,515 $129,869
2015 $3,654 $277,159 $149,240 $127,919
2014 $3,669 $271,731 $146,317 $125,414
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19180616

California Regional Multiple Listing Service (CRMLS)

APN: 6063-020-001