NOT LISTED FOR SALE

Estimated Value: $993,000 - $1,132,000

5 Beds
4 Baths
2,553 Sq Ft
$416/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $905,000 $354 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,554/month

21 Days on Market

About This Home

As of June 2021

***SEE PRIVATE REMARKS REGARDING SHOWING INFORMATION*** Great opportunity for units that have cash flow in highly demanding and centrally located in the area of Los Angeles. These units are located near all amenities of life close to schools, restaurants, Downtown Los Angeles, Mariachi Plaza, LAC+USC Medical, Dodger Stadium, Metro Gold Line, and shopping with development happening all around. Get in while you can!! Three units are 1 bedroom 1 bath and the fourth unit is 2 bedrooms 1 bath. there is also a attached three car garage located at the rear of units. ** DO NOT BOTHER TENANTS**

Last Agent to Sell the Property

Enrique Zapata

Mark 1 Real Estate, Inc. License #01714280 Listed on: 04/29/2021

Last Buyer's Agent

Letty Cuevas

GRANADA KNOLL REALTY License #00778734

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,007

Year Built

  • Built in 1957

Lot Details

  • 6,171 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • 2,553 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 248
  • Tax Tract Number 6837
  • Assessor Parcel Number 5215028009

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $322
  • Trash Expense $122
  • Water Sewer Expense $241
  • New Taxes Expense $11,050
  • Operating Expense $363
  • Gross Income $36,600
  • Net Operating Income $32,244

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,007

Year Built

Built in 1957

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 241.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5215028009
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 354.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 122.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6171.00
  • Lot Size Acres: 0.1417

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 36600.00
  • Gross Scheduled Income: 36600.00
  • Insurance Expense: 322.00
  • Lot Size Area: 6171.0000 Square Feet
  • Net Operating Income: 32244.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 4356.00
  • Rent Control: Yes
  • Total Expenses: 363.00

Tax Info

  • New Taxes Expense: 11050.00
  • Tax Census Tract: 2014.02
  • Tax Lot: 248
  • Tax Tract Number: 6837

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2024
Sold by
Jaime Victor M
Bought by
Garcia Anthony
Current Estimated Value
$1,060,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,025,000
Outstanding Balance
$1,011,539
Interest Rate
6.87%
Mortgage Type
VA
Estimated Equity
$49,376

Purchase Details

Closed on
Feb 3, 2012
Sold by
Lam Margarita Rodriguez
Bought by
Rodriguez Javier P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,127
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 27, 2012
Sold by
Dent Snyder Laurie and The Richard A Ruelas & Ruby M
Bought by
Rodriguez Javier P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,127
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
May 12, 1998
Sold by
Ruelas Richard A and Ruelas Ruby M
Bought by
Ruelas Richard A and Ruelas Ruby M
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
Garcia Anthony $1,025,000 Wfg National Title
Rodriguez Javier P -- Lawyers Title
Rodriguez Javier P $350,000 Lawyers Title
Ruelas Richard A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Anthony $1,025,000
Previous Owner Rodriguez Javier P $341,127
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2021 06/25/21 Sold $905,000 0.0% $354 / Sq Ft
05/20/2021 05/20/21 Pending -- -- --
05/20/2021 05/20/21 Off Market $905,000 -- --
04/29/2021 04/29/21 For Sale $849,000 -- $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 $12,007 $1,025,000 $770,000 $255,000
2024 $12,007 $960,393 $557,134 $403,259
2023 $11,779 $941,562 $546,210 $395,352
2022 $11,237 $923,100 $535,500 $387,600
2021 $5,150 $406,132 $278,492 $127,640
2020 $5,195 $401,969 $275,637 $126,332
2019 $5,001 $394,088 $270,233 $123,855
2018 $4,907 $386,362 $264,935 $121,427
2016 $4,670 $371,362 $254,649 $116,713
2015 $4,605 $365,784 $250,824 $114,960
2014 $4,643 $358,620 $245,911 $112,709
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21090399

California Regional Multiple Listing Service (CRMLS)

APN: 5215-028-009