NOT LISTED FOR SALE

Estimated Value: $655,000 - $755,000

4 Beds
3 Baths
1,482 Sq Ft
$476/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $535,000 $361 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,309/month

24 Days on Market

About This Home

As of October 2021

Amazing opportunity to own an income producing property in the great city of Los Angeles! This Duplex sits on a lot with 4,564 sqft. The living area of 1.482 sqft. Downstairs unit presents living room, dining room, kitchen, 2 bedroom and 1.5 bathroom. Downstairs unit is occupied and will be delivered with tenant current rent is $1,266.69. Upstairs unit has 2 bedroom, 1 bath, kitchen. Great property for investors. Plenty of parking for both tenants! Newer asphalt black top on the back yard. Location of property is convenient minutes away from shop, restaurants, schools, parks. Do not miss the opportunity This property has great potential. Property will be sold as is with no repairs.

Last Agent to Sell the Property

Edwin Wen

RE/MAX 2000 REALTY License #01885711 Listed on: 08/14/2021

RE/MAX 2000 REALTY

Last Buyer's Agent

Amy Lee

PINNACLE REAL ESTATE GROUP License #01836893

PINNACLE REAL ESTATE GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,986

Year Built

  • Built in 1912

Lot Details

  • 4,564 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Interior Spaces

  • 1,482 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Driveway

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 4 / D
  • Assessor Parcel Number 5116008004
  • $288 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Water Sewer Expense $200
  • Operating Expense $1,100
  • Gross Income $40,392
  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,986

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Price Per Unit: 260000
  • Property Attached: No
  • Water Sewer Expenses: 200.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5116008004
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 361.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 4564.00
  • Lot Size Acres: 0.1048

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 40392.00
  • Gross Scheduled Income: 40392.00
  • Insurance Expense: 900.00
  • Lot Size Area: 4564.0000 Square Feet
  • Net Operating Income: 36000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4392.00
  • Rent Control: Yes
  • Total Actual Rent: 1266.69
  • Total Expenses: 1100.00

Tax Info

  • Tax Block: D
  • Tax Census Tract: 2282.20
  • Tax Lot: 4
  • Tax Tract Number: Dorsey
  • TaxOtherAnnualAssessmentAmount: 288.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2021
Closed on
Oct 5, 2021
Sold by
Pan John C
Bought by
Kim Gerald Suk
Seller's Agent
Edwin Wen
RE/MAX 2000 REALTY
Buyer's Agent
Amy Lee
PINNACLE REAL ESTATE GROUP
List Price
$520,000
Sold Price
$535,000
Premium/Discount to List
$15,000
2.88%
Current Estimated Value
$705,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,793
Avg. Annual Appreciation
4.29%
Original Mortgage
$454,750
Outstanding Balance
$416,485
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$214,000

Purchase Details

Closed on
Apr 20, 2021
Sold by
Liu Kuei Chen
Bought by
Pan John C

Purchase Details

Closed on
Apr 16, 2021
Sold by
Estate Of Maria Lucia Gonzalez
Bought by
Pan John C

Purchase Details

Listed on
Nov 7, 2016
Closed on
Dec 27, 2016
Sold by
Melendez Paola
Bought by
Gonzalez Maria L
Seller's Agent
Paola Melendez
Century 21 Allstars
Buyer's Agent
Maria Amaya
Century 21 Jervis & Associates
List Price
$329,900
Sold Price
$310,000
Premium/Discount to List
-$19,900
-6.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.59%

Purchase Details

Closed on
Oct 8, 2010
Sold by
Hernandez Paola
Bought by
Hernandez Paola and The Paola Hernandez 2007 Trust

Purchase Details

Closed on
Jun 6, 2010
Sold by
Bravo Norma A
Bought by
Bravo Norma A

Purchase Details

Closed on
Jan 22, 2010
Sold by
Morequity Inc
Bought by
Bravo Norma A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,800
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2009
Sold by
Ruiz Roberto and Ruiz Marta
Bought by
Morequity Inc

Purchase Details

Closed on
Jan 25, 2007
Sold by
Barrios Rosalinda
Bought by
Rodriguez James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.11%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 27, 2006
Sold by
Rodriguez Miguel
Bought by
Barrios Rosalinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.11%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 24, 2006
Sold by
Barrios Rosalinda
Bought by
Rodriguez Miguel

Purchase Details

Closed on
Mar 16, 2004
Sold by
Ruiz Roberto and Ruiz Marta
Bought by
Barrios Rosalinda

Purchase Details

Closed on
Oct 20, 1995
Sold by
Diaz Ramon V and Ruiz Roberto
Bought by
Ruiz Roberto

Purchase Details

Closed on
Aug 11, 1994
Sold by
Diaz Benita
Bought by
Diaz Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,400
Interest Rate
9.12%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kim Gerald Suk $535,000 Fidelity National Title Co
Pan John C -- Fidelity National Title Co
Pan John C $410,000 Fidelity Sherman Oaks
Gonzalez Maria L $310,000 Pacific Coast Title
Melendez Paola -- Pacific Coast Title
Melendez Paola -- Pacific Coast Title
Hernandez Paola -- None Available
Hernandez Paola -- None Available
Bravo Norma A -- Accommodation
Bravo Norma A $156,000 Lsi Title Agency
Morequity Inc $143,636 None Available
Rodriguez James -- None Available
Barrios Rosalinda -- None Available
Rodriguez Miguel -- None Available
Barrios Rosalinda -- --
Ruiz Roberto $12,593 Northern Counties Title Ins
Diaz Ramon -- Southland Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Gerald Suk $454,750
Previous Owner Bravo Norma A $124,800
Previous Owner Diaz Ramon $124,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $535,000 +2.9% $361 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/14/2021 08/14/21 For Sale $520,000 +67.7% $351 / Sq Ft
02/17/2017 02/17/17 Sold $310,000 -6.0% $209 / Sq Ft
11/07/2016 11/07/16 For Sale $329,900 -- $222 / 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 $6,986 $567,746 $424,483 $143,263
2024 $6,986 $556,614 $416,160 $140,454
2023 $6,853 $545,700 $408,000 $137,700
2022 $6,538 $535,000 $400,000 $135,000
2021 $5,838 $471,998 $319,475 $152,523
2020 $5,894 $467,160 $316,200 $150,960
2019 $4,075 $322,524 $260,100 $62,424
2018 $3,990 $316,200 $255,000 $61,200
2016 $3,263 $258,532 $96,936 $161,596
2015 $3,218 $254,649 $95,480 $159,169
2014 $3,240 $249,662 $93,610 $156,052
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21179804

California Regional Multiple Listing Service (CRMLS)

APN: 5116-008-004