NOT LISTED FOR SALE

Estimated Value: $738,000 - $855,545

4 Beds
2 Baths
2,230 Sq Ft
$362/Sq Ft Est. Value

Last Sold May 30, 2014

Last sale price $288,000 $129 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $4,718/month

179 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Floor Furnace
  • No HOA

About This Home

As of May 2014

A TRUE DIAMOND IN THE ROUGH! This property is perfect for an investor looking for a cash flowing building or a first time home buyer who is willing to do the work while they build equity into this amazing property. This huge duplex in the center of Los Angeles has two 2 bedroom 1 bath units in over 2200 sq ft. Both units have real hardwood floors, formal living and dining rooms and huge kitchens. Property will qualify for 203K financing.

Last Agent to Sell the Property

Will Wheaton

Will Wheaton Real Estate License #01857540 Listed on: 04/19/2013

Last Buyer's Agent

Marc Gaspard

Park Regency Realty License #01782572

Park Regency Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 5,802 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 2,230 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Floor Furnace
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 69
  • Tax Tract Number 1700
  • Assessor Parcel Number 5014026001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $125
  • Trash Expense $100
  • Water Sewer Expense $100
  • New Taxes Expense $675
  • Gross Income $3,000
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 100.00
  • Property Type: Residential Income
  • Parcel Number: 5014026001
  • Year Built: 1921
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Levels: Two
  • Price Per Square Foot: 129.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5802.00
  • Lot Size Acres: 0.1330

Multi Family

  • Gross Income: 3000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 125.00
  • Lot Size Area: 5802.0000 Square Feet
  • Net Operating Income: 24000.00
  • 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: 1000.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 675.00
  • Tax Lot: 69
  • Tax Tract Number: 1700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2014
Sold by
Big Sur Consulting Llc
Bought by
Alegria Jelver A and Alegria Soraida
Current Estimated Value
$806,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,737
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 27, 2007
Sold by
Hanna Ralph
Bought by
Leonard Kait

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2006
Sold by
Leonard Kait
Bought by
Hanna Ralph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
6.55%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 23, 2006
Sold by
Bell Eldridge Winford and Bell Maria Elena
Bought by
Hanna Ralph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
6.55%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 15, 2002
Sold by
Bell Eldridge W and Bell Maria E
Bought by
Bell Revocable Livi Eldridge W and Bell Revocable Livi Maria E

Purchase Details

Closed on
May 23, 1995
Sold by
Harris Jeannetta
Bought by
Harris Jeannetta and Trust Of Jeannetta Harris
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Alegria Jelver A $399,000 Wfg Title Company
Leonard Kait -- Chicago Title Co
Hanna Ralph -- Alliance Title Company
Hanna Ralph $570,000 Alliance Title Company
Bell Revocable Livi Eldridge W -- --
Harris Jeannetta -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alegria Jelver A $391,737
Previous Owner Leonard Kait $470,000
Previous Owner Hanna Ralph $114,000
Previous Owner Hanna Ralph $456,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2014 05/30/14 Sold $288,000 -40.0% $129 / Sq Ft
10/15/2013 10/15/13 Pending -- -- --
04/19/2013 04/19/13 For Sale $480,000 -- $215 / 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 $6,029 $479,526 $299,255 $180,271
2024 $6,029 $470,125 $293,388 $176,737
2023 $5,920 $460,908 $287,636 $173,272
2022 $5,657 $451,872 $281,997 $169,875
2021 $5,577 $443,013 $276,468 $166,545
2019 $5,416 $429,875 $268,269 $161,606
2018 $5,304 $421,447 $263,009 $158,438
2016 $5,058 $405,084 $252,797 $152,287
2015 $5,093 $407,991 $244,795 $163,196
2014 $7,991 $635,428 $445,915 $189,513
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR13070624

California Regional Multiple Listing Service (CRMLS)

APN: 5014-026-001