X
Seller's Agent in 2016
XIMENA LOPEZ
REH REAL ESTATE
412 E Avenue 43 Los Angeles, CA 90031
Montecito Heights NeighborhoodEstimated Value: $835,000 - $1,103,000
4
Beds
4
Baths
1,562
Sq Ft
$612/Sq Ft
Est. Value
Highlights
- Up Slope from Street
- Cooling System Mounted To A Wall/Window
- Carpet
- Abraham Lincoln High School Rated A
- Laundry Room
- 5-minute walk to Montecito Heights Community Center and Park
About This Home
As of July 2016Two level units built in 1999/ NO RENT CONTROL.
Take advantage of this great investment opportunity in a desirable neighborhood of Montecito Heights. This Property features 2 units, one building that has 2 bedrooms 2 bathrooms each unit. The laundry room is attached to the garage. This Duplex has a large 4 car garage and plenty of parking space for a maximum of 9 cars or an Rv driveway allows room for it. Take advantage of the rising rental rates in the area as Montecito Heights/Lincoln Heights continues to rapidly grow. Close to Transportation, Schools, USC Health Sciences Campus, Shopping Centers, Close proximity to Downtown L.A. and China Town as well as 110, 5 & 10 Freeways. All offers are subject to an interior inspection. This Standard Sale is waiting for you.
Last Agent to Sell the Property
XIMENA LOPEZ
REH REAL ESTATE License #01736397 Listed on: 04/21/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,022
Year Built
- Built in 1999
Lot Details
- 4,399 Sq Ft Lot
- No Common Walls
Parking
- 4 Car Garage
- Parking Available
- Up Slope from Street
- Unassigned Parking
Interior Spaces
- 1,562 Sq Ft Home
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 4 / 5
- Tax Tract Number 2422
- Assessor Parcel Number 5207010036
Community Details
Overview
- 2 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $600
- Water Sewer Expense $2,400
- Operating Expense $3,240
- Gross Income $1,600
- Net Operating Income $15,960
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 21, 2016
Closed on
Jun 28, 2016
Sold by
Finkel Yelena
Bought by
Finkel Michael
Seller's Agent
XIMENA LOPEZ
REH REAL ESTATE
Buyer's Agent
ROBERT SILVA
SILVA REAL ESTATE GRP.
List Price
$469,990
Sold Price
$490,000
Premium/Discount to List
$20,010
4.26%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$465,420
Avg. Annual Appreciation
7.43%
Original Mortgage
$367,500
Interest Rate
3.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 3, 2016
Sold by
Tam Lung Wai and Tam Lai Chung Li
Bought by
Finkel Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
3.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 9, 2006
Sold by
Tam Lung Wai and Li Tam Lai Chung
Bought by
Tam Lung Wai and Li Tam Lai Chung
Purchase Details
Closed on
May 27, 1999
Sold by
Wong John W and Wong Shiangling L
Bought by
Tam Lung Wai and Tam Lai Chung Li
Purchase Details
Closed on
Jun 8, 1998
Sold by
Tam Lung W and Tam Lai C
Bought by
Tam Lung Wai and Tam Lai Chung Li
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Finkel Michael | -- | Stewart Title | |
| Finkel Michael | $490,000 | Stewart Title | |
| Tam Lung Wai | -- | None Available | |
| Tam Lung Wai | -- | -- | |
| Tam Lung Wai | $3,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Finkel Michael | $367,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/07/2016 07/07/16 | Sold | $490,000 | +4.3% | $314 / Sq Ft |
| 05/02/2016 05/02/16 | Pending | -- | -- | -- |
| 04/21/2016 04/21/16 | For Sale | $469,990 | -- | $301 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,022 | $568,681 | $406,201 | $162,480 |
| 2024 | $7,022 | $557,532 | $398,237 | $159,295 |
| 2023 | $6,940 | $546,601 | $390,429 | $156,172 |
| 2022 | $6,573 | $535,884 | $382,774 | $153,110 |
| 2021 | $6,490 | $525,377 | $375,269 | $150,108 |
| 2019 | $6,299 | $509,796 | $364,140 | $145,656 |
| 2018 | $6,218 | $499,800 | $357,000 | $142,800 |
| 2016 | $2,665 | $205,759 | $94,673 | $111,086 |
| 2015 | $2,629 | $202,669 | $93,251 | $109,418 |
| 2014 | $2,650 | $198,700 | $91,425 | $107,275 |
Source: Public Records
Agents Affiliated with this Home
-
-
ROBERT SILVA
Buyer's Agent in 2016
ROBERT SILVA
SILVA REAL ESTATE GRP.
(323) 251-1975
1 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS16083933
APN: 5207-010-036
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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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