NOT LISTED FOR SALE

Estimated Value: $804,629 - $1,128,000

6 Beds
4 Baths
2,205 Sq Ft
$435/Sq Ft Est. Value

Last Sold January 29, 2018

Last sale price $625,000 $283 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,790/month

17 Days on Market

Highlights

  • Newly Remodeled
  • All Bedrooms Downstairs
  • Contemporary Architecture
  • Primary Bedroom Suite
  • Open Floorplan
  • Double Pane Windows

About This Home

As of January 2018

Brand new modern duplex in the heart of Los Angeles. NO RENT CONTROL. Seller installed 2 separate water meters as an added bonus to keep new owner's expenses low. Two story contemporary. New double pane windows for lots of natural light. Flat stucco on the exterior. Interior boasts bright white walls as an open palate for new owner's creativity. Open floor plan with large kitchen and living space great for entertaining. White shaker cabinetry and stone counter tops. Laminate floors throughout. Modern bathrooms, spacious. Two car detached garage and nicely cemented yard for plenty of additional parking or entertaining. Close to 10, 110 freeways and all shopping. Light hardscape in front for easy maintenance. Fenced in all around for privacy.

Last Agent to Sell the Property

Alicia Ortiz

Real Estate Connection License #01193650 Listed on: 08/21/2017

Last Buyer's Agent

Jeffrey Park

New Star Realty License #01967670

New Star Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,661

Year Built

  • Built in 1921 | Newly Remodeled

Lot Details

  • 4,000 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Wood Fence
  • Brick Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Contemporary Architecture
  • Modern Architecture
  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,205 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Double Pane Windows
  • Panel Doors
  • Fire and Smoke Detector

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • 4 Bathrooms

Location

  • Urban Location

Utilities

  • Central Heating
  • Standard Electricity

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Tract Number 2285
  • Assessor Parcel Number 5109013034

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $100
  • Trash Expense $100
  • Operating Expense $200
  • Gross Income $60,000
  • Net Operating Income $57,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,661

Year Built

Built in 1921 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • View: No
  • Zoning: LAR2
  • Architectural Style: Contemporary, Modern
  • New Construction: Yes
  • Property Type: Residential Income
  • Parcel Number: 5109013034
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Appliances: No
  • Door Features: Panel Doors
  • Levels: Two
  • Price Per Square Foot: 283.45
  • Room Type: All Bedrooms Down, All Bedrooms Up, Master Bathroom, Master Bedroom, Master Suite
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Brick, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Standard
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4000.00

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 100.00
  • Net Operating Income: 57600.00
  • 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: 2400.00
  • Rent Control: No
  • Total Expenses: 200.00

Tax Info

  • Tax Census Tract: 2285.00
  • Tax Lot: 00
  • Tax Tract Number: 2285

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2017
Closed on
Jan 8, 2018
Sold by
Mambo Magic Llc
Bought by
Kim Derek
Seller's Agent
Alicia Ortiz
Real Estate Connection
Buyer's Agent
Jeffrey Park
New Star Realty
List Price
$619,000
Sold Price
$625,000
Premium/Discount to List
$6,000
0.97%
Current Estimated Value
$959,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,657
Avg. Annual Appreciation
5.21%
Original Mortgage
$500,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2016
Sold by
Proctor Marjorie K
Bought by
Mambo Magic Llc

Purchase Details

Closed on
Dec 3, 2001
Sold by
Jenkins Rose Katherine
Bought by
Wll & Jis Incorporated
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
Kim Derek $625,000 Fidelity National Title
Mambo Magic Llc -- None Available
Wll & Jis Incorporated $200,000 Nations Title Company Of Ca
Carter Preston -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Derek $602,000
Closed Kim Derek $547,500
Closed Kim Derek $500,000
Previous Owner Mambo Magic Llc $215,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2018 01/29/18 Sold $625,000 +1.0% $283 / Sq Ft
09/07/2017 09/07/17 Pending -- -- --
08/21/2017 08/21/17 For Sale $619,000 +209.5% $281 / Sq Ft
07/27/2016 07/27/16 Sold $200,000 -19.0% $240 / Sq Ft
06/10/2016 06/10/16 Price Changed $246,999 -10.8% $297 / Sq Ft
06/10/2016 06/10/16 For Sale $276,999 +38.5% $333 / Sq Ft
03/20/2016 03/20/16 Off Market $200,000 -- --
02/15/2016 02/15/16 For Sale $276,999 -- $333 / 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 $8,661 $711,139 $369,792 $341,347
2024 $8,661 $697,196 $362,542 $334,654
2023 $8,495 $683,527 $355,434 $328,093
2022 $8,101 $670,125 $348,465 $321,660
2021 $7,994 $656,986 $341,633 $315,353
2019 $7,755 $637,500 $331,500 $306,000
2018 $6,157 $493,950 $204,000 $289,950
2016 $273 $18,172 $9,499 $8,673
2015 $270 $17,900 $9,357 $8,543
2014 $279 $17,550 $9,174 $8,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17194035

California Regional Multiple Listing Service (CRMLS)

APN: 5109-013-034