NOT LISTED FOR SALE

529 S Kern Ave Los Angeles, CA 90022

Estimated Value: $973,000 - $1,387,000

8 Beds
5 Baths
3,739 Sq Ft
$328/Sq Ft Est. Value

Last Sold September 04, 2020

Last sale price $889,900 $238 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,708/month

36 Days on Market

Highlights

  • Multi-Level Bedroom
  • Property is near public transit
  • Main Floor Primary Bedroom
  • James A. Garfield Senior High School Rated A
  • Wood Flooring
  • Bonus Room

About This Home

As of September 2020

Awesome opportunity to live in one and rent the others. The front house is a 3 bedroom 2 bath with a laundry room and a basement. The back house is a huge 2 story house with 5 bedrooms 3 baths with laundry room, central ac/heat, new windows, new kitchen with granite countertops. New laminate wood floors and tile floors throughout. New Kitchen cabinets with granite countertops, new windows, new doors, new fixtures, new paint. Lots of parking for 2 cars in the front and 2 in the back, 2 car garage.

Last Agent to Sell the Property

Ramon Sanchez

Century 21 Allstars License #01104461 Listed on: 06/15/2020

Century 21 Allstars

Last Buyer's Agent

Marcus Espinoza

MJ Financial Services Inc License #01367749

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,840

Year Built

  • Built in 1962

Lot Details

  • 8,239 Sq Ft Lot
  • 1 Common Wall
  • Security Fence
  • Wrought Iron Fence
  • Paved or Partially Paved Lot
  • Private Yard
  • Back and Front Yard

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,739 Sq Ft Home
  • Crown Molding
  • Ceiling Fan
  • Living Room
  • Bonus Room
  • Fire and Smoke Detector
  • Granite Countertops
  • Basement

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • Multi-Level Bedroom
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • 220 Volts
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Two Homes on a Lot
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 3 / 11
  • Tax Tract Number 4074
  • Assessor Parcel Number 5248024059

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $115
  • Other Expense $50
  • Water Sewer Expense $145
  • Operating Expense $310
  • Gross Income $5,500
  • Net Operating Income $4,390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,840

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 145.00
  • Zoning: LCR2YY
  • Property Type: Residential Income
  • Parcel Number: 5248024059
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Crown Molding, Granite Counters
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 238.00
  • Room Type: Basement, Bonus Room, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Multi-Level Bedroom

Exterior Features

  • Foundation: Slab
  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Privacy, Security, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Electric: 220 Volts
  • Heating Type: Central, Wall Furnace
  • Laundry Features: In Garage, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard, Front Yard, Near Public Transit, Paved, Walkstreet, Yard
  • Lot Size Sq Ft: 8239.00
  • Lot Size Acres: 0.1891

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 115.00
  • Gross Income: 5500.00
  • Gross Scheduled Income: 4700.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8239.0000 Square Feet
  • Net Operating Income: 4390.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 1
  • Operating Expense: 310.00
  • Other Expense: 50.00
  • Other Expense Description: Gas
  • Rent Control: Yes
  • Total Actual Rent: 4700.00
  • Total Expenses: 310.00

Tax Info

  • Tax Block: 11
  • Tax Census Tract: 5316.03
  • Tax Lot: 3
  • Tax Tract Number: 4074

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2023
Sold by
Espinoza Marcus F
Bought by
Espinoza Marcus F and Espinoza Jamie
Current Estimated Value
$1,227,690

Purchase Details

Closed on
Nov 4, 2022
Sold by
Espinoza Marcus F and Espinoza Jamie
Bought by
Hoovers Llc

Purchase Details

Listed on
Jun 15, 2020
Closed on
Aug 26, 2020
Sold by
Espinoza Jamie
Bought by
Espinoza Marcus F
Seller's Agent
Ramon Sanchez
Century 21 Allstars
Buyer's Agent
Marcus Espinoza
MJ Financial Services Inc
List Price
$899,000
Sold Price
$889,900
Premium/Discount to List
-$9,100
-1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.43%
Original Mortgage
$873,781
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 15, 2020
Closed on
Jul 23, 2020
Sold by
Sanchez Ramon and Sanchez Sandy
Bought by
Espinoza Marcus F
Seller's Agent
Ramon Sanchez
Century 21 Allstars
Buyer's Agent
Marcus Espinoza
MJ Financial Services Inc
List Price
$899,000
Sold Price
$889,900
Premium/Discount to List
-$9,100
-1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$873,781
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Closed on
May 16, 2018
Sold by
Sanchez Ramos
Bought by
Sanchez Ramon and Sanchez Sandy

Purchase Details

Listed on
Mar 2, 2016
Closed on
Jun 20, 2016
Sold by
Sanchez Sandy Maria
Bought by
Sanchez Ramon
Seller's Agent
Ramon Sanchez
Century 21 Allstars
Buyer's Agent
Ramon Sanchez
Century 21 Allstars
List Price
$600,000
Sold Price
$490,000
Premium/Discount to List
-$110,000
-18.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.94%
Original Mortgage
$585,834
Interest Rate
3.56%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 7, 2016
Sold by
Ochoa Irene Naranjo
Bought by
Sanchez Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,834
Interest Rate
3.56%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 9, 2011
Sold by
Ochoa Joe L
Bought by
Ochoa Irene Naranjo
Source: Public Records

Range of Values:

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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
Espinoza Marcus F -- --
Hoovers Llc -- --
Espinoza Marcus F -- Chicago Title Company
Espinoza Marcus F $890,000 Chicago Title Company
Sanchez Ramon -- None Available
Sanchez Ramon -- Chicago Title
Sanchez Ramon $490,000 Chicago Title
Ochoa Irene Naranjo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Espinoza Marcus F $873,781
Previous Owner Sanchez Ramon $585,834
Previous Owner Ochoa Joe L $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold $889,900 0.0% $238 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
07/21/2020 07/21/20 Off Market $889,900 -- --
07/07/2020 07/07/20 Price Changed $879,000 -2.2% $235 / Sq Ft
06/15/2020 06/15/20 For Sale $899,000 +83.5% $240 / Sq Ft
08/09/2016 08/09/16 Sold $490,000 -18.3% $131 / Sq Ft
03/02/2016 03/02/16 Pending -- -- --
03/02/2016 03/02/16 For Sale $600,000 -- $160 / 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 $12,840 $963,253 $514,154 $449,099
2024 $12,840 $944,367 $504,073 $440,294
2023 $12,369 $925,851 $494,190 $431,661
2022 $11,784 $907,698 $484,500 $423,198
2021 $11,641 $889,900 $475,000 $414,900
2020 $9,287 $674,247 $371,422 $302,825
2019 $8,943 $661,028 $364,140 $296,888
2018 $8,742 $648,067 $357,000 $291,067
2017 $10 $617,000 $350,000 $267,000
2016 $3,142 $177,516 $24,827 $152,689
2015 $3,102 $174,851 $24,455 $150,396
2014 $3,109 $171,426 $23,976 $147,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20090067

California Regional Multiple Listing Service (CRMLS)

APN: 5248-024-059