NOT LISTED FOR SALE

Estimated Value: $1,167,000 - $1,388,000

10 Beds
6 Baths
3,650 Sq Ft
$354/Sq Ft Est. Value

Last Sold July 08, 2020

Last sale price $965,000 $264 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $7,916/month

17 Days on Market

Highlights

  • New Construction
  • Laundry Room
  • 3 Car Garage
  • No HOA
  • Central Heating and Cooling System
  • 5-minute walk to 97th Street Park

About This Home

As of July 2020

Brand New Duplex located in gentrifying South Los Angeles! 432 W 99th St contains two 5BR/3BA and the rental units total approximately 3,650 building SF and 5,450 Lot SF. Both units with washer & dryer hookups and separate water meters.

Last Agent to Sell the Property

Julie Olsen

Olsen Realty License #01435744 Listed on: 05/22/2020

Co-Listed By

Keegan Olsen

Olsen Realty License #02096850

Last Buyer's Agent

Michelle Covington

Compass License #01975177

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,198

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 5,450 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 3,650 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 11
  • Tax Tract Number 631
  • Assessor Parcel Number 6054032011

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,278
  • New Taxes Expense $11,156
  • Operating Expense $18,332
  • Gross Income $76,800
  • Net Operating Income $54,628

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,198

Year Built

Built in 2019 | New Construction

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.75
  • Property Attached: Yes
  • New Construction: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6054032011
  • Year Built: 2019
  • Special Features: NewHome

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 264.38

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5450.00
  • Lot Size Acres: 0.1251

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 76800.00
  • Gross Multiplier: 13.00
  • Gross Scheduled Income: 76800.00
  • Insurance Expense: 1278.00
  • Lot Size Area: 5450.0000 Square Feet
  • Net Operating Income: 54628.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 18332.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 6400.00
  • Total Expenses: 18332.00
  • Vacancy Allowance: 3840
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 11156.00
  • Tax Lot: 11
  • Tax Tract Number: TR 631

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2020
Closed on
Jul 23, 2020
Sold by
Casa Real Properties Llc
Bought by
Griffin Gabriel
Seller's Agent
Julie Olsen
Olsen Realty
Buyer's Agent
Michelle Covington
Compass
List Price
$950,000
Sold Price
$965,000
Premium/Discount to List
$15,000
1.58%
Current Estimated Value
$1,290,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,674
Avg. Annual Appreciation
6.00%
Original Mortgage
$976,965
Outstanding Balance
$870,161
Interest Rate
3.1%
Mortgage Type
VA
Estimated Equity
$437,156

Purchase Details

Closed on
Mar 26, 2019
Sold by
Corner Mary S
Bought by
Casa Real Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,800
Interest Rate
4.4%
Mortgage Type
Construction
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
Griffin Gabriel $965,000 Old Republic Title Company
Casa Real Properties Llc $362,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griffin Gabriel $976,965
Previous Owner Casa Real Properties Llc $325,800
Previous Owner Corner Mary S $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2020 07/08/20 Sold $965,000 +1.6% $264 / Sq Ft
05/22/2020 05/22/20 For Sale $950,000 -- $260 / 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 $13,198 $1,044,544 $649,458 $395,086
2024 $13,198 $1,024,064 $636,724 $387,340
2023 $12,750 $1,003,986 $624,240 $379,746
2022 $11,938 $984,300 $612,000 $372,300
2021 $11,794 $965,000 $600,000 $365,000
2020 $5,245 $369,240 $215,220 $154,020
2019 $3,735 $49,734 $33,419 $16,315
2018 $884 $48,760 $32,764 $15,996
2016 $836 $46,869 $31,493 $15,376
2015 $821 $46,166 $31,020 $15,146
2014 $828 $45,263 $30,413 $14,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20089940

California Regional Multiple Listing Service (CRMLS)

APN: 6054-032-011