$750,000
SOLD MAY 17, 2021
7 Beds
4 Baths
2,937 Sq Ft
7,123 Sq Ft Lot

Recently Sold

$255 Per Sq Ft

7% Above List Price

8 Days on Market

About This Home

As of May 2021

A unique investment opportunity in a prized location, this could be the property that you’ve been searching for! There are three well-presented and light-filled units. A total income of $3,959 for all three units makes this a valuable opportunity not to be missed. Two of the units offer two large bedrooms and one bath each, while one features three generous beds and two baths. The living spaces are enjoyable and inviting, and the kitchens promise contemporary comfort and convenience. There are also ceiling fans in most of the rooms to keep guests cool.

Plenty of off-street parking spaces are available for residents, and there are easy-care outdoor areas to enjoy. This impressive home is located close to the I-110 and I-10, and there are dining options, shopping, Exposition Park, and the University of Southern California nearby. Downtown Los Angeles is also within easy reach, meaning you’re never far from anything you could ever need. These excellent, move-in-ready units will delight your residents while creating a profitable income. Come take a tour while it’s still available!

Last Agent to Sell the Property

Jose Arevalo

Real Broker License #02049919 Listed on: 02/01/2021

Last Buyer's Agent

Jose Arevalo

Real Broker License #02049919 Listed on: 02/01/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,076

Year Built

  • Built in 1907

Lot Details

  • 7,123 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,937 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 26 / 7
  • Tax Tract Number 2284
  • Assessor Parcel Number 5113024005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gross Income $3,959
  • Net Operating Income $3,959

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,076

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: LARD2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5113024005
  • Year Built: 1907
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 255.36

Exterior Features

  • Pool Private: No

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7123.00
  • Lot Size Acres: 0.1635

Multi Family

  • Gross Income: 3959.00
  • Gross Scheduled Income: 3959.00
  • Lot Size Area: 7123.0000 Square Feet
  • Net Operating Income: 3959.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 2284.20
  • Tax Lot: 26
  • Tax Tract Number: 2284.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2021
Closed on
May 4, 2021
Sold by
4060 Trinity Llc
Bought by
Martinez Corina Niz and Sanchez Erik Gonzalez
Seller's Agent
Jose Arevalo
Real Broker
Buyer's Agent
Jose Arevalo
Real Broker
List Price
$700,000
Sold Price
$750,000
Premium/Discount to List
$50,000
7.14%
Current Estimated Value
$883,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,020
Avg. Annual Appreciation
4.89%
Original Mortgage
$736,415
Outstanding Balance
$670,206
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$251,913

Purchase Details

Closed on
May 20, 2017
Sold by
Lepe Cristian V
Bought by
4060 Trinity Llc

Purchase Details

Listed on
Dec 16, 2013
Closed on
Mar 28, 2014
Sold by
Gharib Makram F
Bought by
Lepe Cristian V
Seller's Agent
Julian Munoz
REMAX Empower
Buyer's Agent
Matthew Jaime
REO Modern Realty Corp.
List Price
$399,000
Sold Price
$412,900
Premium/Discount to List
$13,900
3.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$405,420
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 15, 2014
Sold by
Gharib Norma M
Bought by
Gharib Makram F

Purchase Details

Closed on
Sep 27, 2013
Sold by
Farris Patricia
Bought by
Gharib Makram F

Purchase Details

Closed on
Mar 8, 2005
Sold by
Moreno Sofia
Bought by
Farris Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,400
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2004
Sold by
Martinez Rafael
Bought by
Moreno Sofia

Purchase Details

Closed on
Apr 30, 2003
Sold by
Martinez Rafael
Bought by
Moreno Sofia

Purchase Details

Closed on
Nov 8, 2002
Sold by
Garcia Eduardo
Bought by
Martinez Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
8.64%

Purchase Details

Closed on
Feb 14, 2001
Sold by
Salvador Javier
Bought by
Garcia Eduardo

Purchase Details

Closed on
Mar 8, 2000
Sold by
James L Gilbert Living Trust and Aline
Bought by
Salvador Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
8.24%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 5, 1993
Sold by
Gilbert James Leo
Bought by
Gilbert James L and The James L Gilbert Living Tru
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Grant Deed $750,000 Wfg National Title
Grant Deed -- None Available
Grant Deed $413,000 Ticor Title Company
Interfamily Deed Transfer -- Ticor Title Co
Trustee Deed $265,000 None Available
Grant Deed $308,000 --
Grant Deed -- --
Quit Claim Deed -- --
Grant Deed $290,000 Old Republic Title
Interfamily Deed Transfer -- Old Republic Title
Gift Deed -- --
Grant Deed $105,000 Old Republic Title Company
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $736,415 FHA
Previous Owner $404,341 FHA
Previous Owner $405,420 FHA
Previous Owner $23,940 Credit Line Revolving
Previous Owner $516,000 Balloon
Previous Owner $194,900 Credit Line Revolving
Previous Owner $246,400 Purchase Money Mortgage
Previous Owner $232,000 No Value Available
Previous Owner $30,000 Stand Alone Second
Previous Owner $104,838 FHA
Closed $43,500 No Value Available
Closed $61,600 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2021 05/17/21 Sold $750,000 +7.1% $255 / Sq Ft
04/26/2021 04/26/21 For Sale $700,000 0.0% $238 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $700,000 +69.5% $238 / Sq Ft
05/08/2014 05/08/14 Sold $412,900 +3.5% $141 / Sq Ft
03/16/2014 03/16/14 Pending -- -- --
12/16/2013 12/16/13 For Sale $399,000 -- $136 / 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 $10,076 $811,822 $487,093 $324,729
2024 $10,076 $795,905 $477,543 $318,362
2023 $9,887 $780,300 $468,180 $312,120
2022 $9,437 $765,000 $459,000 $306,000
2021 $7,529 $598,287 $348,465 $249,822
2020 $7,600 $592,153 $344,892 $247,261
2019 $7,311 $580,543 $338,130 $242,413
2018 $7,181 $569,160 $331,500 $237,660
2016 $5,422 $427,571 $227,817 $199,754
2015 $5,346 $421,149 $224,395 $196,754
2014 $4,553 $345,000 $210,000 $135,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21020872

California Regional Multiple Listing Service (CRMLS)

APN: 5113-024-005