NOT LISTED FOR SALE

Estimated Value: $858,000 - $1,052,881

4 Beds
3 Baths
2,640 Sq Ft
$350/Sq Ft Est. Value

Last Sold May 12, 2016

Last sale price $439,000 $166 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $5,583/month

96 Days on Market

Highlights

  • Property is near public transit
  • Cooling System Mounted To A Wall/Window
  • Level Lot
  • No HOA
  • East Facing Home
  • Front Yard

About This Home

As of May 2016

Price Reduced By over $30,000...Seller wants this sold! Seller will ALSO credit buyer $15,000 towards Relocation fees for tenant! Great opportunity to live in one and rent the other or keep both for income Large Duplex 2,640 square feet on nice corner lot of 6,387 square feet. Located close to USC (approximately 1.3 mi). Currently this property is fully rented. Drive by only do not talk to tenants. Great opportunity for investment property in Los Angeles located just south of Martin Luther King.
There are 2 single car garages and close to public transportation, Collisium and Museum.

Last Agent to Sell the Property

Jerry and Elena LeGris

Legris Team Real Estate License #00885785 Listed on: 12/30/2015

Last Buyer's Agent

Mohammad Ali

Eagles Mortgage Company Inc. License #01757413

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,517

Year Built

  • Built in 1922

Lot Details

  • 6,387 Sq Ft Lot
  • 1 Common Wall
  • East Facing Home
  • Level Lot
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 2,640 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs
  • Tax Lot 7
  • Tax Tract Number 2319
  • Assessor Parcel Number 5021005027

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gross Income $1,930
  • Net Operating Income $16,212

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,517

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 5021005027
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 166.29
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: East
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Near Public Transit
  • Lot Size Sq Ft: 6387.00
  • Price Per Lot Square Foot: 68.73
  • Lot Size Acres: 0.1470

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Repairs

Multi Family

  • Average2 Bed Area: 1320
  • Gross Income: 1930.00
  • Gross Scheduled Income: 23160.00
  • Lot Size Area: 6387.0000 Square Feet
  • Net Operating Income: 16212.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 5790.00
  • Operating Expense Percent: 25.00
  • Rent Control: Yes
  • Vacancy Allowance: 1158
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 7
  • Tax Tract Number: 2319

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 7, 2021
Sold by
Ahad Mohammad H Kabir and Ahad Farhana Ismat
Bought by
Ahad Mohammad H Kabir Abdul and Ahad Farhana Ismat
Current Estimated Value
$924,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$268,792
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$656,178

Purchase Details

Closed on
Jul 24, 2016
Sold by
Kabir Ahad Mohammad H
Bought by
Kabir Mohammad H and Farhana Ismat J

Purchase Details

Listed on
Dec 30, 2015
Closed on
Apr 27, 2016
Sold by
Rehabbers Financial Inc
Bought by
Ahad Mohammad H Kabir and Farhana Ismat J
Seller's Agent
Jerry and Elena LeGris
Legris Team Real Estate
Buyer's Agent
Mohammad Ali
Eagles Mortgage Company Inc.
List Price
$475,000
Sold Price
$439,000
Premium/Discount to List
-$36,000
-7.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.37%
Original Mortgage
$339,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2015
Sold by
Fundacion Talamantes Inc
Bought by
Rehabbers Financial Inc

Purchase Details

Closed on
Jan 29, 2015
Sold by
Fundacion Talamantes Inc
Bought by
Guerrero Javier and The Fundacion Guerrero Living Trust

Purchase Details

Listed on
Nov 4, 2013
Closed on
Nov 11, 2013
Sold by
Sfr 2012-1 Us West Llc
Bought by
Fundacion Talamantes Inc
Seller's Agent
Jennifer Monroe
Seven Gables Real Estate
Buyer's Agent
VINNIE MOHABIR
BRIONES REALTY
List Price
$355,000
Sold Price
$298,000
Premium/Discount to List
-$57,000
-16.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.13%
Original Mortgage
$20,000
Interest Rate
4.26%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 20, 2012
Sold by
Federal National Mortgage Association
Bought by
Sfr 2012-1 U S West Llc

Purchase Details

Closed on
May 24, 2010
Sold by
Portillo Ismelda
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 1, 2007
Sold by
Trejo Maria Lucinia
Bought by
Portillo Ismelda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2003
Sold by
Seventh Generation Entertainment Inc
Bought by
Trejo Maria Lucinia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,250
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2002
Sold by
Reiner Eric
Bought by
Seventh Generation Entertainment Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,100
Interest Rate
7.99%

Purchase Details

Closed on
Feb 4, 2002
Sold by
Smith Leah
Bought by
Optical Properties

Purchase Details

Closed on
Jun 28, 2001
Sold by
Jackson Sandra
Bought by
Smith Leah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
10%

Purchase Details

Closed on
May 22, 2001
Sold by
Anderson Rebecca
Bought by
Jackson Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
10%

Purchase Details

Closed on
Apr 21, 2000
Sold by
Associates Financial Svcs Co Of Ca Inc
Bought by
Anderson Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,600
Interest Rate
8.25%

Purchase Details

Closed on
Feb 28, 2000
Sold by
Brooks Cheryl F
Bought by
Associates Financial Svcs Co Of Ca Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,600
Interest Rate
8.25%

Purchase Details

Closed on
Oct 2, 1995
Sold by
Brooks Kevin
Bought by
Brooks Cheryl F
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
Ahad Mohammad H Kabir Abdul -- Accommodation
Kabir Mohammad H -- None Available
Ahad Mohammad H Kabir $439,000 Provident Title Company
Rehabbers Financial Inc $200,000 Accommodation
Guerrero Javier -- Provident Title Co
Fundacion Talamantes Inc $298,000 Lawyers Title
Sfr 2012-1 U S West Llc -- First American Title Ins Co
Federal National Mortgage Association $579,579 Landsafe Title
Portillo Ismelda $590,000 First American Title Co Of L
Trejo Maria Lucinia $245,000 Investors Title Company
Seventh Generation Entertainment Inc -- --
Reiner Eric $229,000 Investors Title Company
Optical Properties $1,000 --
Comerica Enterprise $1,000 --
Smith Leah -- Provident Title
Jackson Sandra $175,000 Provident Title Company
Anderson Rebecca $125,000 Lawyers Title Company
Associates Financial Svcs Co Of Ca Inc -- Lawyers Title Company
Brooks Cheryl F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kabir Mohammad H $300,000
Previous Owner Ahad Mohammad H Kabir $339,000
Previous Owner Talamantes Fundacion $20,000
Previous Owner Fundacion Talamantes Inc $70,000
Previous Owner Foundation Talamantes Inc $83,000
Previous Owner Fundacion Talamantes Inc $266,000
Previous Owner Portillo Ismelda $62,131
Previous Owner Portillo Ismelda $487,200
Previous Owner Portillo Ismelda $472,000
Previous Owner Portillo Ismelda $59,000
Previous Owner Trejo Maria Lucinia $208,250
Previous Owner Reiner Eric $206,100
Previous Owner Jackson Sandra $162,000
Previous Owner Anderson Rebecca $138,600
Closed Trejo Maria Lucinia $36,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2016 05/12/16 Sold $439,000 -7.6% $166 / Sq Ft
04/04/2016 04/04/16 Pending -- -- --
12/30/2015 12/30/15 For Sale $475,000 +59.4% $180 / Sq Ft
11/22/2013 11/22/13 Sold $298,000 -16.1% $113 / Sq Ft
07/26/2013 07/26/13 Pending -- -- --
05/31/2013 05/31/13 For Sale $355,000 -- $134 / 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 $6,517 $516,270 $321,795 $194,475
2024 $6,517 $506,148 $315,486 $190,662
2023 $6,400 $496,224 $309,300 $186,924
2022 $6,117 $486,495 $303,236 $183,259
2021 $6,029 $476,957 $297,291 $179,666
2020 $6,086 $472,367 $294,243 $178,124
2019 $5,855 $463,112 $288,474 $174,638
2018 $5,739 $454,038 $282,818 $171,220
2016 $5,040 $400,000 $320,000 $80,000
2015 $3,896 $303,953 $193,796 $110,157
2014 $3,923 $298,000 $190,000 $108,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15267867

California Regional Multiple Listing Service (CRMLS)

APN: 5021-005-027