$719,000
SOLD DEC 11, 2024
2 Beds
2 Baths
1,456 Sq Ft
5,676 Sq Ft Lot

Recently Sold

$494 Per Sq Ft

3% Below List Price

114 Days on Market

Highlights

  • 5 Car Attached Garage
  • Auto Driveway Gate
  • 1-Story Property
  • West Facing Home

About This Home

As of December 2024

Welcome to this charming income property located in a highly sought-after area of South LA. Moments away from Leimert Park, West Adams, Jefferson Park, Expo Park, USC, the 110 FWY, and Inglewood. This duplex is fully occupied, with one unit renovated. The two-car garage presents the opportunity for an ADU conversion, thus adding value and increasing future rental income. The location makes this property an attractive investment, with a range of amenities, cultural hubs, and major transportation routes just moments away. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a property with exceptional income potential, this duplex is a true gem. NOTE: This property is being sold on its own, but if you are interested in additional properties, this is one of four multi-units in a larger portfolio all within one mile of each other in 90062. Other addresses are 5162 Ruthelen St, 5419 S St. Andrews Pl and 5722 S Manhattan Pl. Contact listing agents for more info.

Last Agent to Sell the Property

Karlyn Nelson

Compass License #02051690 Listed on: 07/17/2024

Compass

Co-Listed By

Lacy Register

Compass License #01980850

Last Buyer's Agent

Danny Navarro

Century 21 Allstars License #01938421

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,443

Year Built

  • Built in 1922

Lot Details

  • 5,676 Sq Ft Lot
  • West Facing Home

Home Design

  • Duplex

Interior Spaces

  • 1,456 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer Hookup

Parking

  • 5 Car Attached Garage
  • 3 Open Parking Spaces
  • Auto Driveway Gate
  • Driveway

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for water, gardener
  • Assessor Parcel Number 5005-029-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,443

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1456
  • Lot Acreage: 0.1303
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Oven, Microwave
  • Bedrooms: 2
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Stackable W/D Hookup, Range/Oven, Dishwasher
  • Price Per S Q F T: 507.55

Exterior Features

  • Direction Faces: West
  • Other Structures: Other
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Driveway Gate, Driveway - Concrete, Garage Is Detached
  • Total Parking: 5

Utilities

  • Heating: Wall
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 35.05
  • Assessed Improvement Value: 170184
  • Assessed Land Percent: 64.95
  • Assessed Land Value: 315353
  • Total Assessed Value: 485537
  • Assessor Parcel Number: 5005-029-011
  • Lot Size Area: 5676

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity, Cable TV

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 20.00
  • Number Of Units: 2
  • Total Annual Expense: 7494
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2024
Closed on
Nov 13, 2024
Sold by
Lunada Bay Investments Llc
Bought by
Caterra 2 Property Llc
Seller's Agent
Karlyn Nelson
Compass
Buyer's Agent
Danny Navarro
Century 21 Allstars
List Price
$739,000
Sold Price
$719,000
Premium/Discount to List
-$20,000
-2.71%
Total Days on Market
114
Views
27
Current Estimated Value
$722,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,649
Avg. Annual Appreciation
1.08%
Original Mortgage
$910,000
Outstanding Balance
$538,230
Interest Rate
6.72%
Mortgage Type
Construction
Estimated Equity
$184,419

Purchase Details

Listed on
Apr 18, 2019
Closed on
May 21, 2019
Sold by
Bowers Vivian D
Bought by
Lunada Bay Investments Llc
Seller's Agent
Venus Martinez
Redfin Corporation
Buyer's Agent
Diana Frappier
Frappier Realty
List Price
$475,500
Sold Price
$461,900
Premium/Discount to List
-$13,600
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.36%

Purchase Details

Listed on
Apr 18, 2019
Closed on
May 14, 2019
Sold by
Bowers Vivian D and Heads Above Inveestments Llc
Bought by
Bowers Vivian D
Seller's Agent
Venus Martinez
Redfin Corporation
Buyer's Agent
Diana Frappier
Frappier Realty
List Price
$475,500
Sold Price
$461,900
Premium/Discount to List
-$13,600
-2.86%

Purchase Details

Closed on
Jan 9, 2019
Sold by
Bowers Vivian D
Bought by
Heads Above Investments Llc

Purchase Details

Listed on
May 16, 2012
Closed on
Aug 30, 2012
Sold by
Cowan William G
Bought by
Bowers Vivian D
Seller's Agent
Maple Patton
Coldwell Banker Realty
Buyer's Agent
Maple Patton
Coldwell Banker Realty
List Price
$249,000
Sold Price
$235,000
Premium/Discount to List
-$14,000
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.25%
Original Mortgage
$176,250
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2012
Closed on
Aug 2, 2012
Sold by
Jackson Larrid and Jackson Myrtle C
Bought by
Bowers Vivian D
Seller's Agent
Maple Patton
Coldwell Banker Realty
Buyer's Agent
Maple Patton
Coldwell Banker Realty
List Price
$249,000
Sold Price
$235,000
Premium/Discount to List
-$14,000
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
3.55%
Mortgage Type
New Conventional
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 $719,000 None Listed On Document
Grant Deed $719,000 None Listed On Document
Grant Deed $462,000 North American Title
Interfamily Deed Transfer -- Ticor Title
Grant Deed -- None Available
Interfamily Deed Transfer -- Equity Title Los Angeles
Grant Deed $235,000 Equity Title Los Angeles
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $910,000 Construction
Closed $910,000 Construction
Previous Owner $300,000 Credit Line Revolving
Previous Owner $280,000 New Conventional
Previous Owner $232,000 New Conventional
Previous Owner $230,000 New Conventional
Previous Owner $176,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2024 12/11/24 Sold $719,000 -2.7% $494 / Sq Ft
11/08/2024 11/08/24 Pending -- -- --
07/17/2024 07/17/24 For Sale $739,000 +60.0% $508 / Sq Ft
06/11/2019 06/11/19 Sold $461,900 -2.9% $317 / Sq Ft
05/14/2019 05/14/19 Pending -- -- --
04/18/2019 04/18/19 For Sale $475,500 +102.3% $327 / Sq Ft
09/24/2012 09/24/12 Sold $235,000 -5.6% $161 / Sq Ft
07/30/2012 07/30/12 Pending -- -- --
05/16/2012 05/16/12 For Sale $249,000 -- $171 / Sq Ft
Source: The MLS

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
2024 $6,443 $505,151 $328,093 $177,058
2023 $6,276 $495,247 $321,660 $173,587
2022 $5,994 $485,537 $315,353 $170,184
2021 $5,916 $476,018 $309,170 $166,848
2019 $2,422 $259,412 $182,142 $77,270
2018 $3,256 $254,326 $178,571 $75,755
2016 $3,106 $244,452 $171,638 $72,814
2015 $3,063 $240,781 $169,060 $71,721
2014 $3,087 $236,066 $165,749 $70,317
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-415423

The MLS

APN: 5005-029-011