$980,000
SOLD NOV 27, 2024
7 Beds
3 Baths
2,496 Sq Ft
5,369 Sq Ft Lot

Recently Sold

$393 Per Sq Ft

2% Below List Price

46 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Fenced
  • No Heating
  • Abraham Lincoln High School Rated A

About This Home

As of November 2024

This exceptional investment opportunity features a well-maintained triplex with fresh paint throughout. The property includes three units: two with 2 bedrooms and 1 bathroom each, and a rear unit with 3 bedrooms and 1 bathroom. All units are in excellent condition, with two currently occupied by month-to-month tenants. Located within walking distance of Cal State LA and near downtown Los Angeles, this triplex is in a highly desirable area.
With fresh paint and great rental potential, this property won’t last long. It’s ideal for investors or first-time homebuyers, especially since the 3-bedroom unit includes convenient laundry hookups inside, while the other two units offer separate laundry hookups in the back storage area. Act quickly—call now to schedule your showing before this opportunity slips away!

Last Agent to Sell the Property

Juan Flores

Big Block Powerhouse Realty Brokerage Phone: 323-810-5848 License #01788762 Listed on: 08/23/2024

Last Buyer's Agent

grasiela Contreras

BLVD ESTATE PROPERTIES License #02103415

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,517

Year Built

  • Built in 1926 | Remodeled

Lot Details

  • 5,369 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in average condition
  • Density is 2-5 Units/Acre

Home Design

  • Triplex
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,496 Sq Ft Home
  • 2-Story Property
  • Window Screens

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Assigned Parking

Utilities

  • No Heating
  • No Utilities
  • Standard Electricity

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 131
  • Tax Tract Number 7669
  • Assessor Parcel Number 5221001031
  • $469 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Trash Expense $1,200
  • Water Sewer Expense $750
  • Operating Expense $3,000
  • Gross Income $59,400
  • Net Operating Income $55,290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,517

Year Built

Built in 1926 | Remodeled

Lot Details

0

Listing Details

  • Price Per Unit: 333000
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 750.00
  • Zoning: LARD1.5
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5221001031
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 392.63
  • Room Type: All Bedrooms Down, All Bedrooms Up
  • Window Features: Screens

Exterior Features

  • Foundation: Raised, Slab
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: None
  • Heating: No
  • Laundry: No
  • Electric: Standard
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5369.00
  • Lot Size Acres: 0.1233

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 59400.00
  • Gross Scheduled Income: 59400.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 5369.0000 Square Feet
  • Net Operating Income: 55290.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 55290.00
  • Operating Expense Percent: 3.00
  • Rent Control: Yes
  • Total Expenses: 3000.00

Tax Info

  • Tax Census Tract: 2017.00
  • Tax Lot: 131
  • Tax Tract Number: 7669
  • TaxOtherAnnualAssessmentAmount: 469.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2024
Closed on
Oct 10, 2024
Sold by
Ramirez Ismael
Bought by
Valera Cesar and Valera Manuel Jesus
Seller's Agent
Juan Flores
Big Block Powerhouse Realty
Buyer's Agent
grasiela Contreras
BLVD ESTATE PROPERTIES
List Price
$999,000
Sold Price
$980,000
Premium/Discount to List
-$19,000
-1.9%
Views
245
Current Estimated Value
$1,008,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,365
Avg. Annual Appreciation
3.47%
Original Mortgage
$962,249
Interest Rate
6.44%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 2, 2011
Sold by
Garcia Guadalupe
Bought by
Ramirez Ismael

Purchase Details

Closed on
May 25, 2006
Sold by
Garcia Antonio
Bought by
Garcia Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2006
Sold by
Martinez Gabriel and Martinez Marisa
Bought by
Ramirez Ismael and Garcia Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 14, 2005
Sold by
Magana Elia M
Bought by
Magana Ovidio E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2005
Sold by
Magana Ovidio E and Morales Silvia C
Bought by
Martinez Gabriel and Martinez Marisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2004
Sold by
Samayoa Jose
Bought by
Magana Ovidio E and Morales Silvia C

Purchase Details

Closed on
Oct 15, 2003
Sold by
Barrera Ray L and Barrera Rose R
Bought by
Samayoa Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,200
Interest Rate
7.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2002
Sold by
Takemoto Kazuko and Jimenez Fred Albert
Bought by
Barrera Ray L and Barrera Rose R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,200
Interest Rate
5.86%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $980,000 Wfg National Title
Grant Deed $980,000 Wfg National Title
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Chicago Title
Grant Deed $673,000 Chicago Title
Interfamily Deed Transfer -- Southland Title Corporation
Grant Deed $535,000 Southland Title Corporation
Grant Deed -- Southland Title
Grant Deed $239,000 Southland Title
Grant Deed $129,000 Stewart Title Of Ca Inc
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $962,249 FHA
Previous Owner $472,500 Purchase Money Mortgage
Previous Owner $428,000 Purchase Money Mortgage
Previous Owner $191,200 Purchase Money Mortgage
Previous Owner $103,200 No Value Available
Closed $47,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Sold $980,000 -1.9% $393 / Sq Ft
10/09/2024 10/09/24 Pending -- -- --
08/23/2024 08/23/24 For Sale $999,000 0.0% $400 / Sq Ft
08/22/2024 08/22/24 Price Changed $999,000 +1.0% $400 / Sq Ft
08/22/2024 08/22/24 Price Changed $989,000 -- $396 / 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 $8,517 $980,000 $730,000 $250,000
2024 $8,517 $677,878 $434,617 $243,261
2023 $8,356 $664,588 $426,096 $238,492
2022 $7,974 $651,558 $417,742 $233,816
2021 $7,868 $638,783 $409,551 $229,232
2020 $7,942 $632,234 $405,352 $226,882
2019 $7,635 $619,838 $397,404 $222,434
2018 $7,509 $607,685 $389,612 $218,073
2016 $7,162 $584,090 $374,484 $209,606
2015 $7,058 $575,317 $368,859 $206,458
2014 $7,095 $564,048 $361,634 $202,414
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24171653

California Regional Multiple Listing Service (CRMLS)

APN: 5221-001-031