NOT LISTED FOR SALE

Estimated Value: $801,000 - $1,242,336

5 Beds
2 Baths
2,491 Sq Ft
$396/Sq Ft Est. Value

Last Sold February 25, 2022

Last sale price $780,000 $313 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,087/month

120 Days on Market

Highlights

  • Laundry Room
  • Carpet
  • 4-minute walk to Angeles Mesa Park
  • Floor Furnace
  • Back Yard

About This Home

As of February 2022

Great Duplex located in the LEIMERT PARK AREA! LOCATION, LOCATION, LOCATION
Close to the new Metro Line and many other new developments happening in the area. Easy access to SoFi Stadium, Downtown LA, freeways, restaurants and shopping centers. This is a desirable area and great location!
One unit is a very spacious 3 bedrooms and one bath, dining area. Laminate flooring throughout, laundry area. Unit is in great condition.
Second unit is a large 2 bedrooms, dining area, laundry area. This unit has carpet throughout.
Three garages - one is a one car garage and the other one is a two car garage. Additional parking in front of the units. Good size yard.
Property is tenant occupied. Subject to inspection.

Last Agent to Sell the Property

Vicky De La Cruz

Bella Home Realty License #01075519 Listed on: 10/03/2021

Last Buyer's Agent

Vicky De La Cruz

Bella Home Realty License #01075519 Listed on: 10/03/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,160

Year Built

  • Built in 1926

Lot Details

  • 6,344 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 5 Bedrooms
  • 2,491 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Utilities

  • Floor Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 72
  • Tax Tract Number 3813
  • Assessor Parcel Number 5014012016
  • $401 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $1,800
  • Operating Expense $3,000
  • Gross Income $38,340
  • Net Operating Income $35,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,160

Year Built

Built in 1926

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: 5623310575
  • Price Per Unit: 424950
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5014012016
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Levels: One
  • Price Per Square Foot: 313.13

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Other

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6344.00
  • Lot Size Acres: 0.1456

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 38340.00
  • Gross Scheduled Income: 38340.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6344.0000 Square Feet
  • Net Operating Income: 35340.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3000.00
  • Rent Control: Yes
  • Total Expenses: 3000.00

Tax Info

  • Tax Census Tract: 2345.02
  • Tax Lot: 72
  • Tax Tract Number: 3813
  • TaxOtherAnnualAssessmentAmount: 401.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2021
Closed on
Feb 1, 2022
Sold by
8Th Avenue Llc
Bought by
Bethel-Thompson Mcleod
Seller's Agent
Vicky De La Cruz
Bella Home Realty
Buyer's Agent
Vicky De La Cruz
Bella Home Realty
List Price
$924,900
Sold Price
$780,000
Premium/Discount to List
-$144,900
-15.67%
Current Estimated Value
$987,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,334
Avg. Annual Appreciation
6.69%
Original Mortgage
$600,000
Outstanding Balance
$557,146
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$430,189

Purchase Details

Listed on
Jul 28, 2015
Closed on
Aug 27, 2015
Sold by
Pu Allan
Bought by
8Th Ave Llc
Seller's Agent
Moises Martinez
REALTY MASTERS & ASSOCIATES, INC.
Buyer's Agent
Moises Martinez
REALTY MASTERS & ASSOCIATES, INC.
List Price
$485,000
Sold Price
$490,000
Premium/Discount to List
$5,000
1.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%

Purchase Details

Listed on
Dec 28, 2012
Closed on
Jan 24, 2013
Sold by
Davis Gordon L
Bought by
Pu Allan and Cheng Holly
Seller's Agent
Ronald Beatty
Compass
Buyer's Agent
Ronald Beatty
Compass
List Price
$260,000
Sold Price
$240,000
Premium/Discount to List
-$20,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.16%

Purchase Details

Closed on
Aug 15, 2002
Sold by
Davis Gordon Lee and Davis Jeanette S
Bought by
Davis Gordon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.52%
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
Bethel-Thompson Mcleod $780,000 Stewart Title Company
8Th Ave Llc $487,500 Stewart Title Of California
Pu Allan $240,000 Fidelity Van Nuys
Davis Gordon L -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bethel-Thompson Mcleod $600,000
Previous Owner Davis Gordon L $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/25/2022 02/25/22 Sold $780,000 -8.2% $313 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
12/11/2021 12/11/21 Price Changed $849,900 -4.0% $341 / Sq Ft
11/23/2021 11/23/21 Price Changed $884,900 -0.5% $355 / Sq Ft
10/11/2021 10/11/21 Price Changed $889,000 -3.9% $357 / Sq Ft
10/03/2021 10/03/21 For Sale $924,900 +88.8% $371 / Sq Ft
09/18/2015 09/18/15 Sold $490,000 +1.0% $197 / Sq Ft View Prior Sale
08/11/2015 08/11/15 Pending -- -- --
07/28/2015 07/28/15 For Sale $485,000 +102.1% $195 / Sq Ft
02/26/2013 02/26/13 Sold $240,000 -7.7% $96 / Sq Ft View Prior Sale
01/15/2013 01/15/13 Pending -- -- --
12/28/2012 12/28/12 For Sale $260,000 -- $104 / 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 $10,160 $827,741 $636,724 $191,017
2024 $10,160 $811,512 $624,240 $187,272
2023 $9,971 $795,600 $612,000 $183,600
2022 $6,765 $543,811 $390,429 $153,382
2021 $6,670 $533,149 $382,774 $150,375
2019 $6,477 $517,338 $371,422 $145,916
2018 $6,353 $507,195 $364,140 $143,055
2016 $6,060 $487,500 $350,000 $137,500
2015 $3,181 $245,905 $143,444 $102,461
2014 $3,206 $241,089 $140,635 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21219813

California Regional Multiple Listing Service (CRMLS)

APN: 5014-012-016