NOT LISTED FOR SALE

5226 Monte Vista St Los Angeles, CA 90042

Estimated Value: $1,512,000

7 Beds
7 Baths
4,485 Sq Ft
$337/Sq Ft Est. Value

Last Sold May 14, 2014

Last sale price $675,000 $151 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $8,906/month

8 Days on Market

About This Home

As of May 2014

7 unit multi-family investment opportunity. The property consist of 2 structures (a 5 unit apartment building and a duplex) located on a corner lot that is 8,039 sqft. in Highland Park. The buildings have 4,485 rentable square feet and consist of 1 bedroom - 1 bath units. All units have individual electric and gas meters. Do Not Disturb Occupants!

Last Agent to Sell the Property

Daniel Portillo

eXp Realty of California, Inc. License #01181613 Listed on: 03/25/2014

Last Buyer's Agent

Daniel Portillo

eXp Realty of California, Inc. License #01181613 Listed on: 03/25/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,053

Year Built

  • Built in 1903

Lot Details

  • 8,039 Sq Ft Lot
  • Corner Lot

Home Design

  • Property Attached

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Parking

  • Attached Carport
  • Parking Available

Listing and Financial Details

  • Assessor Parcel Number 5468018002

Community Details

Overview

  • 7 Units

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $19,087
  • Gross Income $57,156
  • Net Operating Income $38,069

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,053

Year Built

Built in 1903

Lot Details

0

Listing Details

  • CapRate: 5.78
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5468018002
  • Year Built: 1903
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Levels: Two

Garage/Parking

  • Parking: Yes
  • Parking Features: Attached Carport

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 8039.00
  • Lot Size Acres: 0.1846

Multi Family

  • Gross Income: 57156.00
  • Gross Multiplier: 11.53
  • Lot Size Area: 8039.0000 Square Feet
  • Net Operating Income: 38069.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Rent Control: Yes
  • Total Actual Rent: 57156.00
  • Total Expenses: 19087.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2014
Closed on
Apr 16, 2014
Sold by
Arredondo Socorro Gonzalez and Arredondo Guadalupe
Bought by
Magdalena Court Llc
Seller's Agent
Daniel Portillo
eXp Realty of California, Inc.
Buyer's Agent
Daniel Portillo
Portillo & Associates Real Estate
List Price
$659,000
Sold Price
$675,000
Premium/Discount to List
$16,000
2.43%
Current Estimated Value
$1,512,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$837,000
Avg. Annual Appreciation
6.88%
Original Mortgage
$875,000
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2013
Sold by
Arredondo Guadalupe
Bought by
Arredondo Socorro Gonzalez and Arredondo Guadalupe

Purchase Details

Closed on
Mar 26, 2008
Sold by
Arredondo Socorro Gonzalez
Bought by
Arredondo Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 2008
Sold by
Wong Gregory Steven and Wong Michael Craig
Bought by
Arredondo Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.72%
Mortgage Type
Commercial
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
Magdalena Court Llc $675,000 Stewart Title Company
Arredondo Socorro Gonzalez -- None Available
Arredondo Guadalupe -- Fidelity Van Nuys
Arredondo Guadalupe $595,000 Fidelity Van Nuys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magdalena Court Llc $875,000
Closed Magdalena Court Llc $875,000
Previous Owner Arredondo Guadalupe $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2014 05/14/14 Sold $675,000 +2.4% $151 / Sq Ft
04/02/2014 04/02/14 Pending -- -- --
03/25/2014 03/25/14 For Sale $659,000 -- $147 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $11,053 $827,444 $465,821 $361,623
2024 $11,053 $811,221 $456,688 $354,533
2023 $10,850 $795,316 $447,734 $347,582
2022 $10,371 $779,722 $438,955 $340,767
2021 $10,223 $764,435 $430,349 $334,086
2019 $9,933 $741,764 $417,586 $324,178
2018 $9,785 $727,221 $409,399 $317,822
2016 $9,291 $698,984 $393,502 $305,482
2015 $9,165 $688,486 $387,592 $300,894
2014 $8,777 $637,542 $477,890 $159,652
Source: Public Records

Agents Affiliated with this Home

  • Daniel Portillo

    Seller's Agent in 2014

    Daniel Portillo

    eXp Realty of California, Inc.

    (626) 313-1200

    52 Total Sales

    Daniel Portillo
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-214011818

Pasadena-Foothills Association of REALTORS®

APN: 5468-018-002

California Los Angeles County Los Angeles 90042

5226 Monte Vista St, Los Angeles, CA

This home is located at 5226 Monte Vista St, Los Angeles, CA 90042 since 25 March 2014 and is currently estimated at $1,512,000, approximately $337 per square foot. This property was built in 1903. 5226 Monte Vista St is a home located in Los Angeles County with nearby schools including Monte Vista Street Elementary School, Richard Riordan Primary Center, and Benjamin Franklin High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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