NOT LISTED FOR SALE

Estimated Value: $1,329,000 - $1,625,000

10 Beds
8 Baths
6,430 Sq Ft
$225/Sq Ft Est. Value

Last Sold May 11, 2015

Last sale price $650,000 $101 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $8,581/month

61 Days on Market

About This Home

As of May 2015

2 Story Spanish style residence located in the Leimert Park community and centrally located to shops, restaurants and entertainment. This charming building offers 4 units and is currently occupied with tenants. 2 units offer 3 bedroom and 2 bathrooms, the other 2 units offer 2 bedrooms and 2 bathrooms. Bring an offer - Seller is extremely motivated. Property is currently under REAP - Buyer will assume responsibility of all violations and correct them after closing. Units are in need of repairs and updates. Great Investor opportunity! Solid 4 unit building with an excellent opportunity for someone looking to get into income producing real estate. Please do not disturb the tenants or walk on the grounds. All offers will be subject to interior. **** 2 Units will be vacant at the time of closing **** Call and violations can be emailed ****

Last Agent to Sell the Property

Elmon Leggett

Realty Excel License #00883565 Listed on: 05/02/2014

Last Buyer's Agent

Gloria Diaz

Realty Excel License #01460795

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,077

Year Built

  • Built in 1928

Lot Details

  • 6,600

Parking

  • 4 Car Detached Garage

Home Design

  • Stucco

Interior Spaces

  • 6,430 Sq Ft Home
  • 2-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Additional Features

  • 6,600 Sq Ft Lot
  • City Lot

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5023-015-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,077

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: None
  • Living Area: 6430
  • Probate: No
  • Property Condition: No Additions/Alter
  • Stories: 2
  • Year Built: 1928
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Price Per S Q F T: 108.71

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Construction: stucco
  • Construction: Frame and Stucco
  • Paved: Yes
  • Pool: No
  • Roof: Tile
  • Spa Yn: No
  • View: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Detached, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Sewer: In Street
  • Water: In Street
  • Water Heaters: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Percent: 33.96
  • Assessed Improvement Value: 109937
  • Assessed Land Percent: 66.04
  • Assessed Land Value: 213830
  • Total Assessed Value: 323767
  • Assessor Parcel Number: 5023-015-029
  • Geocode Override: No
  • Lot Location: City
  • Lot Size Area: 6600

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: 2 Stories
  • Vacancy Rate: 0

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2021
Sold by
Figueroa Arsenio and Sanchez Figueroa Martha
Bought by
Figueroa Arsenio and Sanchez Figueroa Martha
Current Estimated Value
$1,413,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$737,300
Outstanding Balance
$673,806
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$773,391

Purchase Details

Closed on
Jan 11, 2019
Sold by
Sanchez Ruben and Sanchez Martha
Bought by
Figueroa Arsenio and Figueroa Martha C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$757,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 2, 2014
Closed on
May 26, 2015
Sold by
Holmes Larry C
Bought by
Sanchez Ruben and Sanchez Martha
Seller's Agent
Elmon Leggett
Realty Excel
Buyer's Agent
Gloria Diaz
Realty Excel
List Price
$875,000
Sold Price
$650,000
Premium/Discount to List
-$225,000
-25.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.12%

Purchase Details

Closed on
Oct 15, 2014
Sold by
Wilson Floretta
Bought by
Holmes Larry C and Larry C Holmes Jr Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 1998
Sold by
Hudson Elizabeth
Bought by
Wilson Floretta

Purchase Details

Closed on
Jul 18, 1996
Sold by
Smith Willis H
Bought by
Wilson Floretta and Hudson Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,700
Interest Rate
8.42%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Figueroa Arsenio -- American Coast Title
Figueroa Arsenio $1,010,000 Wfg National Title Company
Sanchez Ruben $685,000 None Available
Holmes Larry C $650,000 Old Republic Title Company
Wilson Floretta -- --
Wilson Floretta $220,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Figueroa Arsenio $737,300
Closed Figueroa Arsenio $757,500
Previous Owner Holmes Larry C $685,000
Previous Owner Wilson Floretta $400,000
Previous Owner Wilson Floretta $308,000
Previous Owner Wilson Floretta $205,519
Previous Owner Wilson Floretta $212,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2015 05/11/15 Sold $650,000 -25.7% $101 / Sq Ft
07/02/2014 07/02/14 Pending -- -- --
05/02/2014 05/02/14 For Sale $875,000 -- $136 / Sq Ft
Source: The MLS

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 $10,077 $781,193 $468,716 $312,477
2024 $10,077 $765,876 $459,526 $306,350
2023 $9,898 $750,860 $450,516 $300,344
2022 $9,466 $736,138 $441,683 $294,455
2021 $9,316 $721,705 $433,023 $288,682
2019 $9,051 $700,300 $420,180 $280,120
2018 $8,902 $686,570 $411,942 $274,628
2016 $8,459 $659,912 $395,947 $263,965
2015 $4,548 $331,733 $219,091 $112,642
2014 -- $325,236 $214,800 $110,436
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-757657

The MLS

APN: 5023-015-029