Seller's Agent in 2017
Carlos Munoz
Century 21 A Better Service
(562) 806-1000
7 Total Sales
4146 Mercury Ave Los Angeles, CA 90031
Montecito Heights NeighborhoodEstimated Value: $859,000 - $1,306,000
4
Beds
3
Baths
2,112
Sq Ft
$471/Sq Ft
Est. Value
Highlights
- Property is near a park
- Corner Lot
- Wrought Iron Fence
- Abraham Lincoln High School Rated A
- Cooling System Mounted To A Wall/Window
- Heating Available
About This Home
As of March 2017*** 3 UNITS *** MONTECITO HEIGHTS*** This well maintained property features 3 UNITS and sits on a 8,696 sq ft lot. There are 2 separate buildings and each building has its own private driveway. Front building is a 2 bed/ 1 bath house (896 sq ft) rented for a little over $1432 a month. Back building consists of two 1 bed/ 1 bath units (1,216 sq ft) renting for appx. $1000 each. Roof was replaced and new vinyl windows were installed a couple years back. Property has great tenants and is situated minutes away from Dodger Stadium, Downtown LA, Chinatown and most major highways. Each unit has ONLY 2 people living there. Feel free to drive by ONLY. Please respect the tenants and DO NOT walk the property. Call for more information. DON'T LOSE OUT!
Last Agent to Sell the Property
Century 21 A Better Service License #01408987 Listed on: 09/22/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,736
Year Built
- Built in 1941
Lot Details
- 8,696 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
- Chain Link Fence
- Corner Lot
- Density is up to 1 Unit/Acre
Home Design
- 2,112 Sq Ft Home
- Split Level Home
- Property Attached
- Stucco
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Outdoor Features
- Exterior Lighting
Location
- Property is near a park
- Property is near public transit
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 399
- Tax Tract Number 1991
- Assessor Parcel Number 5305015001
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Water Sewer Expense $850
- New Taxes Expense $7,498
- Operating Expense $8,348
- Gross Income $40,572
- Net Operating Income $39,722
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 22, 2016
Closed on
Feb 22, 2017
Sold by
Serrano Jose A and Serrano Francisca
Bought by
Gerami Farahnaz and Gerami Jeremy Abbas
Seller's Agent
Carlos Munoz
Century 21 A Better Service
Buyer's Agent
Carlos Munoz
Century 21 A Better Service
List Price
$599,900
Sold Price
$592,500
Premium/Discount to List
-$7,400
-1.23%
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
$401,493
Avg. Annual Appreciation
6.25%
Original Mortgage
$264,500
Outstanding Balance
$218,688
Interest Rate
4.15%
Mortgage Type
New Conventional
Estimated Equity
$775,305
Purchase Details
Closed on
Sep 21, 2000
Sold by
Patty P Der Trust Der Joe C And Patty P Trs J
Bought by
Serrano Jose A and Serrano Francisca
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,100
Interest Rate
7.98%
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 |
|---|---|---|---|
| Gerami Farahnaz | $592,500 | None Available | |
| Serrano Jose A | $179,000 | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gerami Farahnaz | $264,500 | |
| Previous Owner | Serrano Jose A | $161,100 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/30/2017 03/30/17 | Sold | $592,500 | 0.0% | $281 / Sq Ft |
| 02/15/2017 02/15/17 | Pending | -- | -- | -- |
| 02/12/2017 02/12/17 | Off Market | $592,500 | -- | -- |
| 02/02/2017 02/02/17 | For Sale | $599,900 | 0.0% | $284 / Sq Ft |
| 01/13/2017 01/13/17 | Pending | -- | -- | -- |
| 11/05/2016 11/05/16 | For Sale | $599,900 | +1.2% | $284 / Sq Ft |
| 11/02/2016 11/02/16 | Off Market | $592,500 | -- | -- |
| 09/21/2016 09/21/16 | For Sale | $599,900 | -- | $284 / 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 | $8,736 | $687,642 | $490,346 | $197,296 |
| 2024 | $8,736 | $674,160 | $480,732 | $193,428 |
| 2023 | $8,575 | $660,942 | $471,306 | $189,636 |
| 2022 | $8,194 | $647,983 | $462,065 | $185,918 |
| 2021 | $8,091 | $635,278 | $453,005 | $182,273 |
| 2020 | $8,168 | $628,765 | $448,360 | $180,405 |
| 2019 | $7,861 | $616,437 | $439,569 | $176,868 |
| 2018 | $7,731 | $604,350 | $430,950 | $173,400 |
| 2016 | $3,183 | $227,835 | $152,742 | $75,093 |
| 2015 | $3,142 | $224,414 | $150,448 | $73,966 |
| 2014 | $3,174 | $220,019 | $147,501 | $72,518 |
Source: Public Records
Agents Affiliated with this Home
-
Carlos Munoz
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW16706633
APN: 5305-015-001
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