NOT LISTED FOR SALE

448 S Chicago St Los Angeles, CA 90033

Estimated Value: $612,190 - $985,000

1 Bed
1 Bath
3,118 Sq Ft
$265/Sq Ft Est. Value

Last Sold May 21, 2014

Last sale price $315,000 $101 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $5,021/month

8 Days on Market

Highlights

  • Spanish Architecture
  • No HOA
  • Level Lot
  • Felicitas and Gonzalo Mendez High Rated A-

About This Home

As of May 2014

Boyle Heights investment property recently upgraded to comply with all LAHD requirements. 3 unit property with two 1 bedroom units in front and a 3 bedroom back house. Easy to manage, low expenses, and long time tenants. Current rents are below market due to rent control limits. Owner cannot deliver any units vacant.

Last Agent to Sell the Property

Andrew Furuto

Andrew Furuto Investments License #00837828 Listed on: 04/08/2014

Last Buyer's Agent

Andrew Furuto

Andrew Furuto Investments License #00837828 Listed on: 04/08/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,257

Year Built

  • Built in 1924

Lot Details

  • 4,793 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • 3,118 Sq Ft Home
  • Spanish Architecture
  • Frame Construction

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 1 Parking Space
  • On-Street Parking

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 4
  • Assessor Parcel Number 5183017021

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Water Sewer Expense $960
  • New Taxes Expense $3,299
  • Gross Income $1,964
  • Net Operating Income $21,818

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,257

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 960.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 5183017021
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 101.03

Exterior Features

  • Pool Private: No
  • Construction Materials: Frame

Garage/Parking

  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 4793.00
  • Lot Size Acres: 0.1100

Multi Family

  • Gross Income: 1964.00
  • Gross Scheduled Income: 23568.00
  • Insurance Expense: 800.00
  • Lot Size Area: 4793.0000 Square Feet
  • Net Operating Income: 21818.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 1760.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 3299.00
  • Tax Lot: 16
  • Tax Tract Number: 00004
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2018
Sold by
Escobar Ralph
Bought by
Escobar Ralph and Escobar Leticia Hilda
Current Estimated Value
$825,798

Purchase Details

Listed on
Apr 8, 2014
Closed on
May 2, 2014
Sold by
Escobar Leticia Hilda
Bought by
Escobar Ralph
Seller's Agent
Andrew Furuto
Andrew Furuto Investments
Buyer's Agent
Andrew Furuto
Andrew Furuto Investments
List Price
$329,900
Sold Price
$315,000
Premium/Discount to List
-$14,900
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.76%
Original Mortgage
$236,250
Outstanding Balance
$180,438
Interest Rate
4.31%
Mortgage Type
New Conventional
Estimated Equity
$630,252

Purchase Details

Listed on
Apr 8, 2014
Closed on
Apr 22, 2014
Sold by
Furuto Andrew and Minoru Furuot & Mary Furuto Re
Bought by
Escobar Ralph
Seller's Agent
Andrew Furuto
Andrew Furuto Investments
Buyer's Agent
Andrew Furuto
Andrew Furuto Investments
List Price
$329,900
Sold Price
$315,000
Premium/Discount to List
-$14,900
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Outstanding Balance
$180,438
Interest Rate
4.31%
Mortgage Type
New Conventional
Estimated Equity
$630,252

Purchase Details

Closed on
Apr 18, 2008
Sold by
Furuto Mary Masako
Bought by
Furuto Andrew and Minoru & Mary Masako Furuto Re

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2008
Sold by
Furuto Mary Masako and Minoru & Mary Masako Furuto Re
Bought by
Furuto Mary Masako

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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
Escobar Ralph -- None Available
Escobar Ralph -- Progressive Title Co
Escobar Ralph $315,000 Progressive Title Company
Furuto Andrew -- Nations Title Company Of Ca
Furuto Mary Masako -- Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Escobar Ralph $236,250
Previous Owner Furuto Mary Masako $225,000
Previous Owner Furuto Mary Masako $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2014 05/21/14 Sold $315,000 -4.5% $101 / Sq Ft
04/16/2014 04/16/14 Pending -- -- --
04/08/2014 04/08/14 For Sale $329,900 -- $106 / 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 $6,257 $496,464 $269,684 $226,780
2024 $6,257 $486,731 $264,397 $222,334
2023 $6,142 $477,188 $259,213 $217,975
2022 $5,863 $467,832 $254,131 $213,701
2021 $5,777 $458,660 $249,149 $209,511
2020 $5,830 $453,958 $246,595 $207,363
2019 $5,609 $445,058 $241,760 $203,298
2018 $5,549 $436,332 $237,020 $199,312
2016 $5,278 $419,390 $227,817 $191,573
2015 $5,204 $413,091 $224,395 $188,696
2014 $750 $36,750 $12,575 $24,175
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Andrew Furuto

    Andrew Furuto Investments

    (310) 292-6677

    1 Total Sale

    Andrew Furuto
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14071941

California Regional Multiple Listing Service (CRMLS)

APN: 5183-017-021

California Los Angeles County Los Angeles 90033

448 S Chicago St, Los Angeles, CA

This home is located at 448 S Chicago St, Los Angeles, CA 90033 since 08 April 2014 and is currently estimated at $825,798, approximately $264 per square foot. This property was built in 1924. 448 S Chicago St is a home located in Los Angeles County with nearby schools including Breed Street Elementary School, Hollenbeck Middle School, and Theodore Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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