NOT LISTED FOR SALE

422 S Ferris Ave Los Angeles, CA 90022

Estimated Value: $924,000 - $1,009,000

6 Beds
4 Baths
2,323 Sq Ft
$411/Sq Ft Est. Value

Last Sold November 01, 2021

Last sale price $795,000 $342 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,987/month

96 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Central Air
  • Wall Furnace
  • Laundry Room
  • 2 Car Garage
  • Back and Front Yard

About This Home

As of November 2021

3 units great opportunity in East Los Angeles. Large 2 car garage. Property is centrally located near 10 & 60 freeways, Restaurants and shopping centers.

Last Agent to Sell the Property

Antonio Pedroza

Century 21 Allstars License #01126462 Listed on: 06/04/2021

Century 21 Allstars

Last Buyer's Agent

Solyneth Chneang

Vylla Home, Inc. License #01812579

Vylla Home, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 8,000 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 2,323 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Central Air
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 3 / 17
  • Tax Tract Number 4074
  • Assessor Parcel Number 5248014005

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Water Sewer Expense $180
  • New Taxes Expense $10,125
  • Operating Expense $11,105
  • Gross Income $3,650

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 180.00
  • Zoning: LCR2*
  • Property Type: Residential Income
  • Parcel Number: 5248014005
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 342.23
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 8000.00
  • Lot Size Acres: 0.1837

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3650.00
  • Gross Scheduled Income: 43800.00
  • Insurance Expense: 800.00
  • Lot Size Area: 8000.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 2160.00
  • Rent Control: Yes
  • Total Expenses: 11105.00

Tax Info

  • New Taxes Expense: 10125.00
  • Tax Block: 17
  • Tax Census Tract: 5316.03
  • Tax Lot: 3
  • Tax Tract Number: 4074

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2019
Sold by
Tejeda Jorge A
Bought by
Tejeda Jorge A and The Jorge A Tejeda Revocable T
Current Estimated Value
$954,333

Purchase Details

Closed on
Nov 14, 2013
Sold by
Tejeda Maria P
Bought by
Tejeda Jorge A

Purchase Details

Closed on
Oct 26, 2011
Sold by
Iglesias Mariela and Pedroza Antonio
Bought by
Guillen Rigoberto M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,420
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 29, 2006
Sold by
Iglesias Mariela
Bought by
Pedroza Antonio and Iglesias Mariela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 2004
Sold by
Morelos Arturo
Bought by
Iglesias Mariela

Purchase Details

Closed on
Jul 22, 2004
Sold by
Iglesias Jorge
Bought by
Iglesias Mariela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 2004
Sold by
Iglesias Mariela
Bought by
Morelos Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2004
Sold by
Iglesias Maria Esperanza
Bought by
Iglesias Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
8.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2004
Sold by
Rodriguez Horacio
Bought by
Iglesias Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
8.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2004
Sold by
Wedgeworth Linda and Rosales Geraldine
Bought by
Rodriguez Horacio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
8.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tejeda Jorge A -- None Available
Tejeda Jorge A -- None Available
Tejeda Jorge A -- None Available
Guillen Rigoberto M $299,000 Provident Title Company
Pedroza Antonio -- Security Union Title
Iglesias Mariela -- --
Iglesias Mariela -- Gateway Title
Morelos Arturo $430,000 Gateway
Iglesias Jorge -- Orange Coast Title Company
Iglesias Jorge $310,000 Orange Coast Title Company
Rodriguez Horacio $225,000 New Century Title Company Ri
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guillen Rigoberto M $291,420
Previous Owner Pedroza Antonio $520,000
Previous Owner Morelos Arturo $387,000
Previous Owner Iglesias Jorge $279,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2021 11/01/21 Sold $795,000 -1.9% $342 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $810,000 -- $349 / 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 $12,029 $843,660 $530,604 $313,056
2024 $11,707 $827,118 $520,200 $306,918
2023 $11,259 $810,900 $510,000 $300,900
2022 $10,748 $795,000 $500,000 $295,000
2021 $6,865 $455,261 $226,498 $228,763
2020 $6,910 $450,594 $224,176 $226,418
2019 $6,675 $441,760 $219,781 $221,979
2018 $6,504 $433,099 $215,472 $217,627
2016 $6,237 $416,283 $207,106 $209,177
2015 $6,148 $410,031 $203,996 $206,035
2014 $6,155 $402,000 $200,000 $202,000
Source: Public Records

Agents Affiliated with this Home

  • Antonio Pedroza

    Seller's Agent in 2021

    Antonio Pedroza

    Century 21 Allstars

    (562) 810-3133

    1 in this area

    60 Total Sales

    Antonio Pedroza
    Section Image
  • Solyneth Chneang

    Buyer's Agent in 2021

    Solyneth Chneang

    Vylla Home, Inc.

    (562) 569-1494

    1 in this area

    30 Total Sales

    Solyneth Chneang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21121189

California Regional Multiple Listing Service (CRMLS)

APN: 5248-014-005

California Los Angeles County Los Angeles 90022

422 S Ferris Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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