NOT LISTED FOR SALE

Estimated Value: $656,000 - $721,442

4 Beds
2 Baths
1,344 Sq Ft
$511/Sq Ft Est. Value

Last Sold April 08, 2016

Last sale price $360,000 $268 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $4,177/month

40 Days on Market

Highlights

  • Gated Parking
  • Private Yard
  • Two Homes on a Lot
  • Property is near public transit
  • Walk-In Pantry
  • Laundry Room

About This Home

As of April 2016

2 Units for sale in the heart of Southeast Los Angeles! Excellent investment opportunity w/the added bonus of a LARGE LOT! Units are situated towards the front of the lot line so there is plenty of additional space at the rear to park many cars, host/entertain guests, park your RV/boat, possibly build other units?? (Buyer to verify w/city). Endless opportunities w/all this space.Each unit is a 2 bedroom/1 bath. Front unit has a spacious living room & dining area. Bedrooms & bonus pantry/office adj to the kitchen have been newly tiled.Newly painted inside & out.Excellent location! Walking distance to public transportation! .6 mi from the Metro Blue Line Slauson Station which runs from the heart & amazing nightlife of Downtown LA to the epicenter & nightlife of Downtown Long Beach. A short Metro ride allows you to enjoy a daytime jog along the beaches of Long Beach! Decisions! Decisions! Also walking distance to several Metro Bus Lines incl: 102, 611, 53, 55, 202, 355. Title shows a total of 3 bedrooms & 2 bathrooms but property physically has 4 bedrooms & 2 bathrooms.Buyers are to verify entire condition & all information on this property on their own & satisfy themselves as to all aspects of this property. Information deemed reliable but not guaranteed.

Last Agent to Sell the Property

Jennifer Avellan

Keller Williams SELA License #01468000 Listed on: 01/09/2016

Keller Williams SELA

Last Buyer's Agent

Jennifer Avellan

Keller Williams SELA License #01468000 Listed on: 01/09/2016

Keller Williams SELA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,334

Year Built

  • Built in 1903

Lot Details

  • 7,500 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Partially Fenced Property
  • Chain Link Fence
  • Brick Fence
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Density is up to 1 Unit/Acre

Home Design

  • 1,344 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer Hookup

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available
  • Private Parking
  • Driveway
  • Gated Parking
  • Uncovered Parking

Additional Features

  • Walk-In Pantry
  • Exterior Lighting
  • Two Homes on a Lot
  • Property is near public transit
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 20
  • Assessor Parcel Number 5104006025

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $680
  • Water Sewer Expense $1,680
  • New Taxes Expense $3,998
  • Operating Expense $6,358
  • Gross Income $2,587
  • Net Operating Income $2,058

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,334

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1680.00
  • Property Type: Residential Income
  • Parcel Number: 5104006025
  • Year Built: 1903
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Common Walls: No Common Walls
  • Price Per Square Foot: 267.86
  • Room Type: Walk-In Pantry

Exterior Features

  • Other Structures: Two On A Lot
  • Fencing: Brick, Chain Link, Partial, Wrought Iron
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway, Gated, Private, Uncovered
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside, Washer Hookup
  • Sewer: Unknown

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Level, Lot 6500-9999, Paved, Near Public Transit, Yard
  • Lot Size Sq Ft: 7500.00
  • Price Per Lot Square Foot: 48.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2587.00
  • Gross Scheduled Income: 2587.00
  • Insurance Expense: 680.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 2058.00
  • 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: 529.00
  • Rent Control: Yes
  • Total Expenses: 6358.00

Tax Info

  • New Taxes Expense: 3998.00
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2016
Closed on
Feb 24, 2016
Sold by
Ramirez Luigi Albert
Bought by
Herrera Claudia C and Herrera Pancho
Seller's Agent
Jennifer Avellan
Keller Williams SELA
Buyer's Agent
Jennifer Avellan
Keller Williams SELA
List Price
$375,000
Sold Price
$360,000
Premium/Discount to List
-$15,000
-4%
Current Estimated Value
$686,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,361
Avg. Annual Appreciation
7.11%
Original Mortgage
$353,479
Outstanding Balance
$288,129
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$398,232

Purchase Details

Listed on
Dec 4, 2012
Closed on
May 14, 2013
Sold by
Argueta Jose Vidal
Bought by
Ramirez Luigi Albert
Seller's Agent
Maria Hernandez
HOMEQUEST REAL ESTATE
Buyer's Agent
Vanessa Rojas
Home Central Realty
List Price
$350,000
Sold Price
$310,000
Premium/Discount to List
-$40,000
-11.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$304,385
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 5, 2011
Sold by
Argueta Jose Vidal
Bought by
Argueta Jose Vidal and The Jose Vidal Argueta Revocable Living

Purchase Details

Closed on
Aug 19, 2004
Sold by
Argueta Jose Vidal
Bought by
Argueta Jose Vidal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 1999
Sold by
Argueta Jose Vidal
Bought by
Argueta Jose Vidal and Demoreno Fidelina Quintanilla

Purchase Details

Closed on
Jun 19, 1999
Sold by
Quintanilla Raul E
Bought by
Argueta Jose Vidal

Purchase Details

Closed on
Nov 22, 1996
Sold by
Lopez Maria R
Bought by
Lopez Jose R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,949
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 21, 1996
Sold by
Lepe Jose L
Bought by
Argueta Jose Vidal and Quintanilla Raul E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,949
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 9, 1993
Sold by
Lepe Jose Luis
Bought by
Lepe Jose Luis
Source: Public Records

Range of Values:

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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
Herrera Claudia C $360,000 Old Republic Title Company
Ramirez Luigi Albert $310,000 Orange Coast Title Company
Argueta Jose Vidal -- None Available
Argueta Jose Vidal -- Stewart
Argueta Jose Vidal -- --
Argueta Jose Vidal -- --
Lopez Jose R -- Chicago Title Co
Argueta Jose Vidal $126,000 Chicago Title Co
Lepe Jose Luis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herrera Claudia C $78,385
Open Herrera Claudia C $353,479
Previous Owner Ramirez Luigi Albert $304,385
Previous Owner Argueta Jose Vidal $197,000
Previous Owner Argueta Jose Vidal $186,000
Previous Owner Argueta Jose Vidal $123,538
Previous Owner Argueta Jose Vidal $124,949
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2016 04/08/16 Sold $360,000 -4.0% $268 / Sq Ft
02/18/2016 02/18/16 Pending -- -- --
01/09/2016 01/09/16 For Sale $375,000 +21.0% $279 / Sq Ft
06/07/2013 06/07/13 Sold $310,000 -11.4% $231 / Sq Ft
05/07/2013 05/07/13 Pending -- -- --
12/04/2012 12/04/12 For Sale $350,000 -- $260 / 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 $5,334 $426,160 $236,756 $189,404
2024 $5,334 $417,805 $232,114 $185,691
2023 $5,234 $409,613 $227,563 $182,050
2022 $4,996 $401,582 $223,101 $178,481
2021 $4,932 $393,709 $218,727 $174,982
2019 $4,789 $382,034 $212,241 $169,793
2018 $4,716 $374,544 $208,080 $166,464
2016 $4,056 $322,470 $228,850 $93,620
2015 $3,999 $317,627 $225,413 $92,214
2014 $4,024 $311,406 $220,998 $90,408
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB16004967

California Regional Multiple Listing Service (CRMLS)

APN: 5104-006-025