NOT LISTED FOR SALE

447 N Townsend Ave Los Angeles, CA 90063

Estimated Value: $731,000 - $1,028,000

4 Beds
2 Baths
1,128 Sq Ft
$729/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $685,000 $607 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,202/month

10 Days on Market

Highlights

  • Fireplace in Bathroom
  • Mediterranean Architecture
  • Built-In Features
  • James A. Garfield Senior High School Rated A
  • Open to Family Room
  • Bathtub with Shower

About This Home

As of February 2021

This vacant, move-in ready duplex has been fully renovated with permits in 2020, with new kitchens, flooring, bathrooms, windows, roof, plumbing and electrical. A new carport was constructed as well. Both units are identical two bedroom one bath and are delivered vacant. This presents a unique opportunity for an owner occupant looking to earn passive income to cover occupancy costs including mortgage payments. With 30-year fixed interest rates at historical lows, 447-49 N.Townsend presents an owner-occupant or investor a tremendous opportunity to acquire a turn-key, fully renovated down-to-thestuds income property within one block of the retail destination center of City Terrace along Cesar Chavez Avenue. City Terrace is an extremely central location, just 10 minutes from DTLA, next door to Boyle Heights, and with convenient access to Cal State L.A., USC Health Campus, Lincoln Heights, and the 10, 710, 60, and 101 Freeways.

Last Agent to Sell the Property

Darin Spillman

Kidder Mathews of California, Inc. License #01366902 Listed on: 11/30/2020

Last Buyer's Agent

RAYMOND PRECIADO

License #01948270

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,085

Year Built

  • Built in 1921 | Remodeled

Lot Details

  • 6,647 Sq Ft Lot
  • Lot Dimensions are 50 x 133
  • East Facing Home
  • Gated Home
  • Front Yard Sprinklers

Home Design

  • Mediterranean Architecture
  • Major Repairs Completed
  • Flat Roof Shape
  • Raised Foundation
  • Stucco

Interior Spaces

  • 1,128 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Laminate Flooring

Kitchen

  • Open to Family Room
  • Oven or Range
  • Gas and Electric Range
  • Ceramic Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom
  • Bathtub with Shower

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Detached Carport Spaces

Utilities

  • Heating System Mounted To A Wall or Window
  • Water Heater

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 5232-004-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,085

Year Built

Built in 1921 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mediterranean
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 1128
  • Lot Acreage: 0.1526
  • Lot Dimensions: 50 x 133
  • Probate: No
  • Property Condition: Updated/Remodeled, Repairs Major
  • Stories: 1
  • Year Built: 1921
  • Number Of Photos: 36
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Range: 1
  • Fireplace Rooms: Bath
  • Flooring: Laminate
  • Appliances: Gas/Electric Range
  • Bedrooms: 4
  • Bathroom Features: Shower Over Tub
  • Kitchen Features: Remodeled, Ceramic Counters, Open to Family Room
  • Total Bathrooms: 2.00
  • Equipment: Built-Ins, Ceiling Fan, Range/Oven
  • Price Per S Q F T: 618.79

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Paved: Yes
  • Roof: Flat

Garage/Parking

  • Carport Spaces: 4
  • Other Spaces: 1
  • Parking Garage: Carport Detached
  • Total Parking: 5

Utilities

  • Volt 220: 220V Throughout
  • Water Heater: Water Heater Unit
  • Heating: Wall Gas
  • Number Water Meters: 2
  • Security: Gated
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Front, Sprinkler System
  • Assessed Improvement Percent: 20.00
  • Assessed Improvement Value: 31830
  • Assessed Land Percent: 80
  • Assessed Land Value: 127323
  • Total Assessed Value: 159153
  • Assessor Parcel Number: 5232-004-013
  • Lot Size Area: 6647

Rental Info

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

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 15.30
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 18961
  • Type Of Units: apartment
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2020
Closed on
Feb 3, 2021
Sold by
Matsukuma Family Trust and Matsukuma Maria
Bought by
Matsukuma Jerry
Seller's Agent
Darin Spillman
Kidder Mathews of California, Inc.
Buyer's Agent
RAYMOND PRECIADO
List Price
$698,000
Sold Price
$685,000
Premium/Discount to List
-$13,000
-1.86%
Current Estimated Value
$822,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,764
Avg. Annual Appreciation
3.98%
Original Mortgage
$560,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 30, 2020
Closed on
Jan 3, 2021
Sold by
Matsukuma Marla
Bought by
Matsukuma Jerry
Seller's Agent
Darin Spillman
Kidder Mathews of California, Inc.
Buyer's Agent
RAYMOND PRECIADO
List Price
$698,000
Sold Price
$685,000
Premium/Discount to List
-$13,000
-1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 30, 2020
Closed on
Dec 11, 2020
Sold by
Matsukuma Jerry
Bought by
Ascencio Julio
Seller's Agent
Darin Spillman
Kidder Mathews of California, Inc.
Buyer's Agent
RAYMOND PRECIADO
List Price
$698,000
Sold Price
$685,000
Premium/Discount to List
-$13,000
-1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2020
Sold by
Matsukuma Jerry
Bought by
Matsukuma Family Trust and Matsukuma

Purchase Details

Closed on
Aug 30, 2012
Sold by
Mercado Christina G
Bought by
Matsukuma Jerry

Purchase Details

Closed on
Jun 12, 2006
Sold by
Bawaan Harry
Bought by
Mercado Christina G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 23, 2004
Sold by
Mercado Cristina G
Bought by
Mercado Cristina G and Bawaan Harry

Purchase Details

Closed on
Mar 8, 2004
Sold by
Gomez Lucia C
Bought by
Mercado Cristina G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2003
Sold by
Gomez Pedro
Bought by
Gomez Pedro and Gomez Lucia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 2003
Sold by
Gomez Pedro
Bought by
Gomez Lucia C and Mercado Cristina G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 1993
Sold by
Ruiz Maria Elena
Bought by
Gomez Pedro and Gomez Lucia C
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
Matsukuma Jerry -- Stewart Title Of California In
Matsukuma Jerry -- Stewart Title Of California In
Ascencio Julio $700,000 Stewart Title Of California In
Matsukuma Family Trust -- None Listed On Document
Matsukuma Jerry $150,000 Fidelity National Title Co
Mercado Christina G -- Ticor Title Co Glendale
Mercado Cristina G -- --
Mercado Cristina G -- Southland Title Corporation
Gomez Pedro -- Southland Title Corporation
Gomez Lucia C -- Southland Title Corporation
Gomez Lucia -- Southland Title Corporation
Gomez Pedro -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ascencio Julio $560,000
Previous Owner Mercado Christina G $368,000
Previous Owner Mercado Cristina G $216,000
Previous Owner Gomez Lucia C $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2021 02/05/21 Sold $685,000 -1.9% $607 / Sq Ft
12/10/2020 12/10/20 Pending -- -- --
11/30/2020 11/30/20 For Sale $698,000 -- $619 / 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 $10,085 $757,701 $557,452 $200,249
2024 $10,085 $742,845 $546,522 $196,323
2023 $9,744 $728,280 $535,806 $192,474
2022 $9,287 $714,000 $525,300 $188,700
2021 $3,175 $181,955 $136,514 $45,441
2020 $3,191 $180,091 $135,115 $44,976
2019 $129 $165,581 $132,466 $33,115
2018 $2,868 $162,335 $129,869 $32,466
2017 $3,531 $159,153 $127,323 $31,830
2016 $2,755 $156,033 $124,827 $31,206
2015 $2,718 $153,690 $122,952 $30,738
2014 $2,725 $150,680 $120,544 $30,136
Source: Public Records

Agents Affiliated with this Home

  • Darin Spillman

    Seller's Agent in 2021

    Darin Spillman

    Kidder Mathews of California, Inc.

    (310) 592-8269

    1 in this area

    15 Total Sales

    Darin Spillman
    Section Image

  • R

    Buyer's Agent in 2021

    RAYMOND PRECIADO

See All Agents

Map

Source: The MLS

MLS Number: 20-665004

The MLS

APN: 5232-004-013

California Los Angeles County Los Angeles 90063

447 N Townsend Ave, Los Angeles, CA

This home is located at 447 N Townsend Ave, Los Angeles, CA 90063 since 30 November 2020 and is currently estimated at $822,764, approximately $729 per square foot. This property was built in 1921. 447 N Townsend Ave is a home located in Los Angeles County with nearby schools including Belvedere Elementary School, Belvedere Middle School, and Engineering And Technology Academy At Esteban E. Torres High No. 3.

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