NOT LISTED FOR SALE

463 S Lorena St Los Angeles, CA 90063

Estimated Value: $651,000 - $764,039

4 Beds
2 Baths
1,272 Sq Ft
$552/Sq Ft Est. Value

Last Sold November 20, 2023

Last sale price $660,000 $519 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,521/month

125 Days on Market

Highlights

  • Peek-A-Boo Views
  • Traditional Architecture
  • No HOA
  • Felicitas and Gonzalo Mendez High Rated A-
  • Granite Countertops
  • Two Homes on a Lot

About This Home

As of November 2023

Whether investing or buying to live here This charming duplex located in Los Angeles, CA is the perfect opportunity to live in one and rent the other. With a total of 2units, this property boasts a unique combination of classic and updated features. The units feature 2 bedrooms and 1 bathroom each, front unit also has a bonus room perfect for office /small gym that has an amazing view of the city, rear unit has updated kitchens or bathroom, nice flooring shows nicely , each unit also has their own Laundry front unit has it inside and the rear unit has an individual room just outside one of the bedrooms, The view from the beautiful tri level back yard is the perfect spot to entertaining, also has a nice covered patio in rear, and a beautiful peek a boo view of Downtown Los Angeles, Located in a highly desirable area of Los Angeles, this duplex is in close proximity to Downtown LA , parks, schools, shopping, and dining. It offers easy access to major highways and public transportation, making it convenient to get around the city. In addition, the front unit also features driveway parking, a unique layout of the lot that you won't find in many properties in the area. Don't miss out on this exciting opportunity to own this charming duplex in one of the most sought-after neighborhoods in Los Angeles.

Last Agent to Sell the Property

Maria Cibrian

Century 21 Allstars License #01428610 Listed on: 05/15/2023

Century 21 Allstars

Last Buyer's Agent

Xavier Padilla

MARKET EXPERTS REAL ESTATE License #01526979

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,158

Year Built

  • Built in 1921

Lot Details

  • 5,000 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,272 Sq Ft Home
  • 2-Story Property
  • Peek-A-Boo Views

Kitchen

  • Granite Countertops
  • Ceramic Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Available
  • Driveway

Additional Features

  • Two Homes on a Lot
  • Phone Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, janitorial service
  • Tax Lot 16
  • Tax Tract Number 2041
  • Assessor Parcel Number 5186008001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Maintenance Expense $300
  • Trash Expense $540
  • Water Sewer Expense $540
  • Operating Expense $2,480
  • Gross Income $36,360
  • Net Operating Income $36,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,158

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Price Per Unit: 299950
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 540.00
  • Zoning: LARD1.5
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5186008001
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters, Granite Counters
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 518.87

Exterior Features

  • Foundation: Slab
  • Other Structures: Two On A Lot
  • View: Peek-A-Boo
  • Fence: Yes
  • Fencing: Chain Link, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Stackable, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148
  • Latitude Manual: 34.03257000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Janitorial Service

Multi Family

  • Gross Income: 36360.00
  • Gross Scheduled Income: 38760.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 5000.0000 Square Feet
  • Maintenance Expense: 300.00
  • Net Operating Income: 36360.00
  • 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: 2400.00
  • Rent Control: Yes
  • Total Expenses: 2480.00

Tax Info

  • Tax Census Tract: 2041.20
  • Tax Lot: 16
  • Tax Tract Number: 2041

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2015
Sold by
Mercado Karla
Bought by
Mercado Mauricio
Current Estimated Value
$701,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,729
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 2, 2015
Sold by
Sanchez Luis
Bought by
Mercado Mauricio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,729
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 27, 2010
Sold by
Bank Of America National Association
Bought by
Sanchez Luis and Buenrostro Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,608
Interest Rate
4.82%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 23, 2009
Sold by
Andrade Margarita
Bought by
Bank Of America National Association

Purchase Details

Closed on
Jun 14, 2004
Sold by
Romero Francisco
Bought by
Andrade Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2004
Sold by
Romero Ricardo
Bought by
Romero Francisco

Purchase Details

Closed on
Apr 25, 1996
Sold by
Romero Esmeralda
Bought by
Romero Ricardo

Purchase Details

Closed on
Feb 22, 1996
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Romero Francisco and Romero Esmeralda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,950
Interest Rate
7.82%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 7, 1995
Sold by
Uribe Ermilio and Federal Home Loan Mortgage Cor
Bought by
Federal Home Loan Mortgage Corporation
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
Mercado Mauricio -- First American Title Company
Mercado Mauricio $291,000 First American Title Company
Sanchez Luis $210,000 Fatcola
Bank Of America National Association $120,000 Accommodation
Andrade Margarita $325,000 --
Romero Francisco -- --
Romero Francisco -- --
Romero Ricardo -- First American Title Co
Romero Francisco $113,000 First American
Federal Home Loan Mortgage Corporation $130,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mercado Mauricio $341,670
Closed Mercado Mauricio $325,500
Previous Owner Mercado Mauricio $285,729
Previous Owner Sanchez Luis $177,608
Previous Owner Andrade Margarita $441,000
Previous Owner Andrade Margarita $292,000
Previous Owner Andrade Margarita $73,000
Previous Owner Andrade Margarita $260,000
Previous Owner Romero Francisco $150,950
Closed Andrade Margarita $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2023 11/20/23 Sold $660,000 +10.0% $519 / Sq Ft
11/07/2023 11/07/23 For Sale $599,900 -9.1% $472 / Sq Ft
10/13/2023 10/13/23 Off Market $660,000 -- --
09/17/2023 09/17/23 Pending -- -- --
08/14/2023 08/14/23 For Sale $599,900 0.0% $472 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
06/30/2023 06/30/23 Price Changed $599,900 -6.3% $472 / Sq Ft
06/30/2023 06/30/23 Price Changed $639,900 -1.5% $503 / Sq Ft
06/17/2023 06/17/23 Price Changed $649,900 -4.4% $511 / Sq Ft
05/15/2023 05/15/23 For Sale $679,900 -- $535 / 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 $8,158 $673,200 $471,240 $201,960
2024 $8,158 $660,000 $462,000 $198,000
2023 $4,271 $336,149 $154,790 $181,359
2022 $4,075 $329,558 $151,755 $177,803
2021 $4,021 $323,097 $148,780 $174,317
2019 $3,903 $313,516 $144,368 $169,148
2018 $3,876 $307,370 $141,538 $165,832
2017 $3,792 $301,344 $138,763 $162,581
2016 $3,699 $295,437 $136,043 $159,394
2015 $2,943 $231,987 $107,401 $124,586
2014 -- $227,444 $105,298 $122,146
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23083683

California Regional Multiple Listing Service (CRMLS)

APN: 5186-008-001