NOT LISTED FOR SALE

Estimated Value: $152,000 - $702,000

7 Beds
2 Baths
1,964 Sq Ft
$263/Sq Ft Est. Value

Last Sold May 16, 2019

Last sale price $428,760 $218 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,171/month

20 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • 1-Story Property
  • No HOA

About This Home

As of May 2019

Opportunity to own units in LA! 4bed/1 bath and 3bed/1 bath with off-street parking and tenants pay all utilities except for water/sewer! Property to be delivered occupied with tenants in place. Ample parking on site, separate gas/electric meters, and tenants pay all of their own utility charges except water/sewer. Larger unit is rented for $1,312 and the 3bed 1 bath is rented for $811.00, both units are subject to rent control but they provide great cash flow!

Last Agent to Sell the Property

Jessica Nieto

Brooke Realty License #01923684 Listed on: 03/06/2019

Last Buyer's Agent

Mark Radd

Power Brokers License #01970169

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 5,850 Sq Ft Lot
  • No Common Walls

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,964 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Driveway
  • Off-Street Parking

Location

  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, exterior maintenance, grounds care, gas, trash collection
  • Tax Lot 25
  • Assessor Parcel Number 5107022023

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $633
  • Water Sewer Expense $200
  • Gross Income $25,476
  • Net Operating Income $19,107

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 200.00
  • Zoning: LAC2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5107022023
  • Year Built: 1918
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 218.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Off Street
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • 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: Near Public Transit
  • Lot Size Sq Ft: 5850.00
  • Lot Size Acres: 0.1343

Rental Info

  • Tenant Pays: Electricity, Exterior Maintenance, Grounds Care, Gas, Trash Collection

Multi Family

  • Gross Income: 25476.00
  • Gross Scheduled Income: 25476.00
  • Insurance Expense: 633.00
  • Lot Size Area: 5850.0000 Square Feet
  • Net Operating Income: 19107.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6369.00
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2287.20
  • Tax Lot: 25
  • Tax Tract Number: GRIDER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2019
Closed on
Apr 2, 2019
Sold by
Srps Lp
Bought by
Jms 26 Properties Llc
Seller's Agent
Jessica Nieto
Brooke Realty
Buyer's Agent
Mark Radd
Power Brokers
List Price
$430,000
Sold Price
$428,760
Premium/Discount to List
-$1,240
-0.29%
Current Estimated Value
$517,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,292
Avg. Annual Appreciation
2.83%

Purchase Details

Closed on
May 9, 2017
Sold by
Colfin Al Ca 5 Llc
Bought by
Srps Lp

Purchase Details

Closed on
Jul 3, 2012
Sold by
Avila Juan Ignacio
Bought by
Colfin Ai Ca 5 Llc

Purchase Details

Closed on
Feb 13, 2008
Sold by
Mata Rocio
Bought by
Avila Juan Ignacio

Purchase Details

Closed on
Apr 11, 2007
Sold by
Avila Juan Ignacio
Bought by
Mata Rocio

Purchase Details

Closed on
Apr 1, 2005
Sold by
Santilena James A
Bought by
Bell Vernene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,400
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 2005
Sold by
Bell Wondalotus
Bought by
Avila Juan Ignacio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,400
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 1996
Sold by
Bell Wondalotus
Bought by
Bell Wondalotus and Bell Vernene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.88%

Purchase Details

Closed on
Nov 18, 1996
Sold by
Santilena James A
Bought by
Bell Vernene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.88%

Purchase Details

Closed on
Feb 6, 1993
Sold by
Bell Elgee U
Bought by
Bell Wondalotus and Bell Vernene
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
Jms 26 Properties Llc $429,000 First American Title Company
Srps Lp -- None Available
Colfin Ai Ca 5 Llc -- Fidelity Van Nuys
Avila Juan Ignacio -- None Available
Avila Juan Ignaio -- Accommodation
Mata Rocio -- None Available
Bell Vernene -- Stewart Title
Avila Juan Ignacio $368,000 Stewart Title
Bell Wondalotus -- --
Bell Vernene -- --
Bell Wondalotus -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Avila Juan Ignacio $294,400
Previous Owner Bell Wondalotus $65,000
Closed Avila Juan Ignacio $73,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2019 05/16/19 Sold $428,760 -0.3% $218 / Sq Ft
03/26/2019 03/26/19 Pending -- -- --
03/06/2019 03/06/19 For Sale $430,000 -- $219 / 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 $5,829 $478,556 $478,556 --
2024 $5,829 $469,173 $469,173 --
2023 $5,717 $459,974 $459,974 $0
2022 $5,452 $450,955 $450,955 $0
2021 $5,572 $442,112 $360,698 $81,414
2019 $4,080 $315,711 $156,752 $158,959
2018 $6,547 $526,320 $306,000 $220,320
2016 $4,051 $297,505 $147,712 $149,793
2015 $3,712 $289,348 $148,465 $140,883
2014 $3,692 $283,681 $145,557 $138,124
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19050259

California Regional Multiple Listing Service (CRMLS)

APN: 5107-022-023