NOT LISTED FOR SALE

Estimated Value: $1,132,000 - $1,498,000

7 Beds
4 Baths
2,912 Sq Ft
$463/Sq Ft Est. Value

Last Sold September 20, 2017

Last sale price $695,000 $239 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $7,924/month

64 Days on Market

Highlights

  • Peek-A-Boo Views
  • No HOA
  • Porch
  • Granite Countertops
  • Fireplace
  • Eat-In Kitchen

About This Home

As of September 2017

PRICE REDUCTION--- 700K! Tremendous Short Term OR Long Term Investment Opportunity! You will Love this Duplex in MID CITY LA! The Property needs structural improvements and is price accordingly, Check out the comparable sales and development in the Area! Tons of opportunity and upside potential! Purchase for immediate cash flow or Value-Add! Two Side by Side 2 story Units on a HUGE Lot with a Backyard, multiple entrances to each unit making it convenient to enter/exit to parking, deck, or backyard. Unit Mix consists of (1) 4 Bedroom / 2 Bathroom 1,560 Sq Ft and (1) 3 Bedroom / 2 Bathroom 1,352 Sq Ft !! Both Units have been remodeled in last few years including updated kitchen/baths. Laundry Hook-Ups for each unit in the downstairs basement. The 3 bedroom is on Month to Month Agreement at $2,513/mo and the 4 bedroom is VACANT!!! Subject to the Rent Control Ordinance. Amazing Equity Opportunity!!! This Investment Property Will Not Last, If you are looking for a Fantastic ROI, look no further- Don’t Hesitate! Structural Report in the supplement section.

Last Agent to Sell the Property

Jessica Nieto

Brooke Realty License #01923684 Listed on: 06/20/2017

Co-Listed By

Brian Brooke

eXp Realty of California Inc License #01385336

Last Buyer's Agent

Jessica Kim

Ivy Realty Co. License #01038646

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,734

Year Built

  • Built in 1928

Lot Details

  • 7,000 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Duplex

Interior Spaces

  • 2,912 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Fireplace
  • Storage
  • Peek-A-Boo Views

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Main Level Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 3 Open Parking Spaces
  • 4 Parking Spaces
  • 1 Carport Space

Outdoor Features

  • Patio
  • Porch

Utilities

  • Natural Gas Connected

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 2182
  • Assessor Parcel Number 5071018039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,734

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 5071018039
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2912.00 Square Feet
  • Interior Amenities: Built-in Features, Storage
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • Eating Area: In Kitchen
  • Levels: Two
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 7
  • Price Per Square Foot: 238.67
  • Room Type: Kitchen, Laundry
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • View: Peek-A-Boo
  • Patio And Porch Features: Porch
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7000.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 2182.20
  • Tax Lot: 34
  • Tax Tract Number: 2182

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2017
Closed on
Aug 25, 2017
Sold by
Ih2 Property Trs 2 Lp
Bought by
Mah Christine B and Kim Charles
Seller's Agent
Jessica Nieto
Brooke Realty
Buyer's Agent
Jessica Kim
Ivy Realty Co.
List Price
$750,000
Sold Price
$695,000
Premium/Discount to List
-$55,000
-7.33%
Current Estimated Value
$1,347,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$652,052
Avg. Annual Appreciation
8.43%

Purchase Details

Closed on
Jun 9, 2016
Sold by
Ih2 Property West Lp
Bought by
Ih2 Property Trs 2 Lp

Purchase Details

Closed on
Mar 1, 2016
Sold by
2015-1 Ih2 Borrower Lp
Bought by
Ih2 Property West Lp

Purchase Details

Closed on
Jan 29, 2015
Sold by
Ih2 Property West Lp
Bought by
2015-1 Ih Borrower Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,854,000
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 1, 2013
Closed on
Jul 17, 2013
Sold by
Guevara Jose
Bought by
Ih2 Property West Lp
Seller's Agent
Lucia Ulloa
Excellence RE Real Estate
Buyer's Agent
Marie Peters
Peters Realty Group
List Price
$580,000
Sold Price
$580,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%

Purchase Details

Closed on
Apr 28, 2011
Sold by
Zuleta Blanca
Bought by
Guevara Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,198
Interest Rate
4.72%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 21, 2011
Sold by
Trasvina Jason
Bought by
Guevara Jose and Rodriguez Romulo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,198
Interest Rate
4.72%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 5, 2005
Sold by
Trasvina Jason
Bought by
Trasvina Jason and Trasvina Maria N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Interest Rate
7.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2004
Sold by
Wormley A Allyne
Bought by
Trasvina Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
7.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 1996
Sold by
Wormley Alberta
Bought by
Wormley A Allyne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
10.5%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mah Christine B $695,000 Fidelity National Title
Ih2 Property Trs 2 Lp -- None Available
Ih2 Property West Lp -- None Available
2015-1 Ih Borrower Lp -- None Available
Ih2 Property West Lp $580,000 Fidelity National Title
Guevara Jose -- Chicago Title
Guevara Jose $505,000 Chicago Title
Trasvina Jason -- Commerce Title
Trasvina Jason $580,000 Gateway Title Company
Wormley A Allyne -- Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 2015-1 Ih Borrower Lp $540,854,000
Previous Owner Guevara Jose $492,198
Previous Owner Trasvina Jason $685,000
Previous Owner Trasvina Jason $464,000
Previous Owner Wormley A Allyne $120,000
Closed Trasvina Jason $116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/20/2017 09/20/17 Sold $695,000 -0.7% $239 / Sq Ft
08/23/2017 08/23/17 Pending -- -- --
08/21/2017 08/21/17 Price Changed $700,000 -6.7% $240 / Sq Ft
06/20/2017 06/20/17 For Sale $750,000 +29.3% $258 / Sq Ft
07/26/2013 07/26/13 Sold $580,000 0.0% $199 / Sq Ft View Prior Sale
06/20/2013 06/20/13 Pending -- -- --
05/01/2013 05/01/13 For Sale $580,000 -- $199 / 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 $9,734 $790,786 $506,332 $284,454
2024 $9,734 $775,281 $496,404 $278,877
2023 $9,553 $760,080 $486,671 $273,409
2022 $9,119 $745,178 $477,129 $268,049
2021 $8,995 $730,568 $467,774 $262,794
2019 $8,730 $709,260 $453,900 $255,360
2018 $8,637 $695,360 $445,000 $250,360
2016 $7,439 $600,608 $414,213 $186,395
2015 $7,333 $591,588 $407,992 $183,596
2014 $7,368 $580,000 $400,000 $180,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17140180

California Regional Multiple Listing Service (CRMLS)

APN: 5071-018-039