NOT LISTED FOR SALE

515 E 97th St Inglewood, CA 90301

Estimated Value: $766,000 - $953,000

5 Beds
2 Baths
1,664 Sq Ft
$514/Sq Ft Est. Value

Last Sold September 21, 2012

Last sale price $250,000 $150 Per Sq Ft

Est. 242% increase in value since last sale

Current estimated payment $4,852/month

419 Days on Market

Highlights

  • No HOA
  • South Facing Home
  • Front Yard
  • Two Homes on a Lot

About This Home

As of September 2012

BACK ON THE MARKET, ONCE MORE. BANK READY TO NEGOTIATE. FAST ANSWERS FROM THE BANK. ONE LOAN ONLY. FIXER!!! GREAT FIXER! BUILDER DREAM HUGE LOT OVER 10,000 SQFT. FRONT UNIT HAS 3 BED, 1 BATH; BACK UNIT 2BED, 1BATH. SEPARATE BUILDINGS WITH CLEAN PAVED ALLEY. CLOSE TO SHOPPING, TRANSPORTATION AND SCHOOLS.

Last Agent to Sell the Property

Rosacruz Falla

The Realestate Group License #01707997 Listed on: 06/14/2011

The Realestate Group

Last Buyer's Agent

Alejandro Mongalo

Re/Max Pacific Properties License #01168207

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,400

Year Built

  • Built in 1920

Lot Details

  • 10,411 Sq Ft Lot
  • Property fronts an alley
  • South Facing Home
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Uncovered Parking
  • Assigned Parking

Home Design

  • 1,664 Sq Ft Home
  • Fixer Upper
  • Frame Construction
  • Shingle Roof
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Homes

  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 29
  • Tax Tract Number 550
  • Assessor Parcel Number 4024041023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,260
  • Supplies Expense $579
  • Trash Expense $80
  • New Taxes Expense $3,625
  • Gross Income $1,820
  • Net Operating Income $16,738

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,400

Year Built

Built in 1920

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Supplies Expense: 579.00
  • View: No
  • Zoning: INR3YY
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 4024041023
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Levels: One
  • Price Per Square Foot: 150.24

Exterior Features

  • Direction Faces: South
  • Other Structures: Two On A Lot
  • Roof: Shingle
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Uncovered
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Water Connected
  • Trash Expense: 80.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 10411.00
  • Lot Size Acres: 0.2400

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 1820.00
  • Gross Scheduled Income: 21840.00
  • Insurance Expense: 1260.00
  • Lot Size Area: 10411.0000 Square Feet
  • Net Operating Income: 16738.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 5102.00
  • Rent Control: No
  • Total Actual Rent: 1820.00

Tax Info

  • New Taxes Expense: 3625.00
  • Tax Lot: 29
  • Tax Tract Number: 550
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2014
Sold by
Mongalo Alejandro C and Mongalo Alicia
Bought by
West A & A Investment Llc
Current Estimated Value
$855,202

Purchase Details

Closed on
Jan 21, 2014
Sold by
West A & A Investments Llc
Bought by
Mongalo Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 14, 2011
Closed on
Sep 11, 2012
Sold by
Cervantes David and Cervantes Olga
Bought by
West A & A Investments Llc
Seller's Agent
Rosacruz Falla
The Realestate Group
Buyer's Agent
Alejandro Mongalo
Re/Max Pacific Properties
List Price
$299,000
Sold Price
$250,000
Premium/Discount to List
-$49,000
-16.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.76%
Original Mortgage
$213,000
Interest Rate
3.55%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 8, 2003
Sold by
Cervantes Olga and Sanchez Amparo
Bought by
Cervantes David and Cervantes Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,800
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 1995
Sold by
Cervantes David
Bought by
Cervantes Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,111
Interest Rate
7.63%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 18, 1995
Sold by
Household Financial Services Inc
Bought by
Cervantes Olga and Sanchez Amparo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,111
Interest Rate
7.63%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 21, 1994
Sold by
Ruiz Luis and Ruiz Olga
Bought by
Household Financial Services Inc and Mtglq Investors Lp
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
West A & A Investment Llc -- None Available
Mongalo Alejandro C -- None Available
Mongalo Alicia -- Fatcola
Mongalo Alicia -- Fatcola
West A & A Investments Llc $250,000 Progressive Title Company
Cervantes David -- Fidelity National Title
Cervantes Olga -- Continental Lawyers Title Co
Cervantes Olga $168,000 Continental Lawyers Title Co
Household Financial Services Inc $169,067 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mongalo Alicia $234,000
Previous Owner West A & A Investments Llc $213,000
Previous Owner Cervantes David $198,800
Previous Owner Cervantes Olga $164,111
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2012 09/21/12 Sold $250,000 -16.4% $150 / Sq Ft
08/06/2012 08/06/12 Pending -- -- --
06/14/2011 06/14/11 For Sale $299,000 -- $180 / 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 $4,400 $307,843 $203,179 $104,664
2024 $4,400 $301,808 $199,196 $102,612
2023 $4,358 $295,891 $195,291 $100,600
2022 $4,431 $290,090 $191,462 $98,628
2021 $4,387 $284,403 $187,708 $96,695
2020 $4,206 $281,488 $185,784 $95,704
2019 $4,140 $275,970 $182,142 $93,828
2018 $4,028 $270,560 $178,571 $91,989
2016 $3,814 $260,056 $171,638 $88,418
2015 $3,779 $256,150 $169,060 $87,090
2014 $3,785 $251,134 $165,749 $85,385
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Rosacruz Falla

    The Realestate Group

    Section Image

  • A

    Buyer's Agent in 2012

    Alejandro Mongalo

    RE/MAX

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S11077077

California Regional Multiple Listing Service (CRMLS)

APN: 4024-041-023

California Los Angeles County Inglewood 90301

515 E 97th St, Inglewood, CA

Not Listed for Sale

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