NOT LISTED FOR SALE

Estimated Value: $900,000 - $999,000

8 Beds
4 Baths
3,512 Sq Ft
$269/Sq Ft Est. Value

Last Sold November 17, 2017

Last sale price $620,000 $177 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $5,886/month

6 Days on Market

Highlights

  • End Unit
  • Tile Flooring
  • Wall Furnace
  • Laundry Room
  • Chain Link Fence

About This Home

As of November 2017

Excellent investment, 4 units with actual rent totals of $4,651. Perfect for new or seasoned investors to diversify portfolio. Each unit is 2 bedroom 1 bath each, approximately 875 sqft. each unit. Total interior is 3,512 and the lot size is 3,500 for easy and low maintenance. Property professionally managed, so just sit back and collect your monthly checks wherever you live. Great location near Staples Center, LA Live, and Downtown LA.

Last Agent to Sell the Property

Salvador Serrano

Realty Group International of America License #01442564 Listed on: 10/23/2017

Last Buyer's Agent

My LeNguyen

Re/MAX TerraSol License #01863879

Re/MAX TerraSol

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,931

Year Built

  • Built in 1912

Lot Details

  • 3,500 Sq Ft Lot
  • No Common Walls
  • End Unit
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,512 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 13
  • Assessor Parcel Number 5113034018

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $55,821
  • Net Operating Income $39,626

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,931

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Other Phone Description: 562-508-2280
  • Other Phone Number: 562-508-2280
  • Property Attached: No
  • Road Frontage Type: City Street
  • Zoning: LAR2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5113034018
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: End Unit, No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 176.54

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3500.00

Multi Family

  • Gross Income: 55821.00
  • Gross Scheduled Income: 55821.00
  • Net Operating Income: 39626.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 15000.00
  • Rent Control: Yes
  • Total Actual Rent: 4552.17

Tax Info

  • Tax Census Tract: 2284.20
  • Tax Lot: 24
  • Tax Tract Number: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2021
Sold by
Nguyen Long Thi
Bought by
Long Lotus Llc
Current Estimated Value
$943,769

Purchase Details

Listed on
Oct 23, 2017
Closed on
Nov 3, 2017
Sold by
Le Son
Bought by
Nguyen Long Thi
Seller's Agent
Salvador Serrano
Realty Group International of America
Buyer's Agent
My LeNguyen
Re/MAX TerraSol
List Price
$644,900
Sold Price
$620,000
Premium/Discount to List
-$24,900
-3.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.61%

Purchase Details

Listed on
Oct 23, 2017
Closed on
Oct 31, 2017
Sold by
Chi Young Mok
Bought by
Nguyen Long Thi and Nguyen My Dieu
Seller's Agent
Salvador Serrano
Realty Group International of America
Buyer's Agent
My LeNguyen
Re/MAX TerraSol
List Price
$644,900
Sold Price
$620,000
Premium/Discount to List
-$24,900
-3.86%

Purchase Details

Listed on
Dec 18, 2013
Closed on
Jan 20, 2014
Sold by
Ramirez Eduardo
Bought by
Chi Young Mok
Seller's Agent
Minerva Gutierrez
Berkshire Hathaway Home Services California Properties
Buyer's Agent
Salvador Serrano
Realty Group International of America
List Price
$489,900
Sold Price
$460,000
Premium/Discount to List
-$29,900
-6.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.47%
Original Mortgage
$345,000
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2009
Sold by
Gmac Mortgage Llc
Bought by
Ramirez Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,675
Interest Rate
4.8%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 14, 2008
Sold by
Nnadi Chinedu A
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
May 16, 2007
Sold by
Nnadi Chioma
Bought by
Nnadi Chinedu A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,000
Interest Rate
3.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 1, 2004
Sold by
Lakeview Associates Inc
Bought by
Nnadi Chinedu A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2002
Sold by
Lakeview Associates Inc
Bought by
Guarienti Henry O and Guarienti Judith E

Purchase Details

Closed on
Aug 22, 2001
Sold by
Clamagirand Olivier F
Bought by
Lakeview Associates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7.05%

Purchase Details

Closed on
Aug 20, 2001
Sold by
U S Bank National Assn
Bought by
Clamagirard Oliver E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7.05%

Purchase Details

Closed on
Dec 26, 2000
Sold by
Williams Ieda
Bought by
Eqcc Home Equity Loan Trust 1993-3

Purchase Details

Closed on
May 6, 1999
Sold by
Pacific Access Corp
Bought by
Williams Ieda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
6.94%

Purchase Details

Closed on
Apr 7, 1999
Sold by
Perez Jesus
Bought by
Pacific Access Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
6.94%

Purchase Details

Closed on
Sep 22, 1997
Sold by
Munoz Salvador H and Munoz Joel
Bought by
Perez Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,529
Interest Rate
7.44%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 28, 1995
Sold by
Munoz Salvador
Bought by
Ana Maria Hernandez Trust

Purchase Details

Closed on
Aug 13, 1993
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Munoz Salvador H

Purchase Details

Closed on
Mar 19, 1993
Sold by
American Svgs Bank F A
Bought by
Federal Home Loan Mortgage Corporation
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
Long Lotus Llc -- Accommodation
Nguyen Long Thi -- Ticor Title Company
Nguyen Long Thi $620,000 Ticor Title Company
Chi Young Mok $460,000 Orange Coast Title Company
Ramirez Eduardo $286,000 First American Title Ins Co
Gmac Mortgage Llc $342,000 None Available
Nnadi Chinedu A -- First American Title Co
Nnadi Chinedu A $450,000 Stewart Title Company Of Cal
Lakeview Associates Inc -- Stewart Title Company Of Cal
Guarienti Henry O -- --
Lakeview Associates Inc -- --
Clamagirard Oliver E $133,500 First American Title Ins Co
Eqcc Home Equity Loan Trust 1993-3 $119,900 United Title Company
Williams Ieda $290,000 Equity Title
Pacific Access Corp $160,000 Equity Title Company
Perez Jesus $149,000 --
Ana Maria Hernandez Trust -- --
Munoz Salvador H $75,000 Gateway Title Company
Federal Home Loan Mortgage Corporation -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chi Young Mok $345,000
Previous Owner Ramirez Eduardo $240,929
Previous Owner Ramirez Eduardo $261,675
Previous Owner Nnadi Chinedu A $16,420
Previous Owner Nnadi Chinedu A $573,000
Previous Owner Nnadi Chinedu A $544,000
Previous Owner Nnadi Chinedu A $333,700
Previous Owner Guarienti Henry O $211,000
Previous Owner Clamagirard Oliver E $195,000
Previous Owner Williams Ieda $261,000
Previous Owner Perez Jesus $146,529
Closed Clamagirard Oliver E $5,000
Closed Nnadi Chinedu A $116,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2017 11/17/17 Sold $620,000 -3.9% $177 / Sq Ft
10/29/2017 10/29/17 Pending -- -- --
10/23/2017 10/23/17 For Sale $644,900 +40.2% $184 / Sq Ft
03/17/2014 03/17/14 Sold $460,000 -6.1% $131 / Sq Ft
01/11/2014 01/11/14 Pending -- -- --
12/18/2013 12/18/13 For Sale $489,900 -- $140 / 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 $8,931 $719,661 $409,268 $310,393
2024 $8,931 $705,551 $401,244 $304,307
2023 $8,763 $691,718 $393,377 $298,341
2022 $8,363 $678,156 $385,664 $292,492
2021 $8,246 $664,859 $378,102 $286,757
2020 $8,324 $658,043 $374,226 $283,817
2019 $7,853 $632,400 $357,000 $275,400
2018 $7,784 $620,000 $350,000 $270,000
2017 $6,162 $485,869 $190,122 $295,747
2016 $5,990 $476,344 $186,395 $289,949
2015 $5,905 $469,190 $183,596 $285,594
2014 $4,207 $324,200 $209,200 $115,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17243478

California Regional Multiple Listing Service (CRMLS)

APN: 5113-034-018