NOT LISTED FOR SALE

Estimated Value: $1,000,747 - $1,180,000

5 Beds
3 Baths
2,009 Sq Ft
$545/Sq Ft Est. Value

Last Sold May 27, 2021

Last sale price $940,000 $468 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,774/month

44 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Heating Available

About This Home

As of May 2021

Two Units May be delivered Vacant! Detached front unit 2 bed 1 bath feels much bigger than it actually is! The back units consist of a down stairs updated 1 bedroom 1 bath; and an upstairs 2 bed 1 bath! The back units also have access to a back yard that is perfect for storage, pets of BBQ's. The property also has a private laundry area for all tenants. Amazing property for a first time buyer or a seasoned investor. The Mid Wilshire area is thriving! With easy access to freeways, metro systems, shopping centers and schools. New construction in this area is booming because how central to Los Angeles it is, very easy to get the beach, the valley or downtown.

Last Agent to Sell the Property

Jaime Sutachan

South Bay Executive Realty, Inc. License #01886915 Listed on: 03/02/2021

Last Buyer's Agent

Mercedes Rendon-Granja

T.N.G. Real Estate Consultants License #01303023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,488

Year Built

  • Built in 1960

Lot Details

  • 4,830 Sq Ft Lot
  • No Common Walls
  • Lawn
  • Density is 2-5 Units/Acre

Home Design

  • 2,009 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Heating Available

Listing and Financial Details

  • Tax Lot 62
  • Tax Tract Number 2199
  • Assessor Parcel Number 5043010024

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $900
  • Trash Expense $2,760
  • New Taxes Expense $10,505
  • Operating Expense $15,365
  • Gross Income $43,086
  • Net Operating Income $39,126

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,488

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5043010024
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 467.89

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2760.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lawn
  • Lot Size Sq Ft: 4830.00
  • Lot Size Acres: 0.1109

Multi Family

  • Average2 Bed Area: 1110 Square Feet
  • Gross Income: 43086.00
  • Gross Scheduled Income: 43086.00
  • Insurance Expense: 900.00
  • Lot Size Area: 4830.0000 Square Feet
  • Net Operating Income: 39126.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 3960.00
  • Rent Control: Yes
  • Total Expenses: 15365.00

Tax Info

  • New Taxes Expense: 10505.00
  • Tax Census Tract: 2199.01
  • Tax Lot: 62
  • Tax Tract Number: 2199

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2019
Sold by
Martinez Alexander
Bought by
Rivera Mark Bryan and Marquez Rosario Del Carmen
Current Estimated Value
$1,095,437

Purchase Details

Closed on
Aug 10, 2018
Sold by
Martinez Alexander
Bought by
Martinez Alexander and Marquez Rosario Del Carmen

Purchase Details

Closed on
Aug 10, 2016
Sold by
Serrano Ramiro
Bought by
Martinez Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,462
Interest Rate
3.25%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Rivera Mark Bryan -- None Available
Martinez Alexander -- None Available
Martinez Alexander $637,000 Ticor Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martinez Alexander $625,462
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/27/2021 05/27/21 Sold $940,000 -2.0% $468 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
03/02/2021 03/02/21 For Sale $959,000 +50.5% $477 / Sq Ft
10/19/2016 10/19/16 Sold $637,000 +2.7% $317 / Sq Ft View Prior Sale
07/25/2016 07/25/16 Pending -- -- --
04/18/2016 04/18/16 For Sale $620,000 -- $309 / 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 $12,488 $1,017,485 $865,945 $151,540
2024 $12,310 $997,535 $848,966 $148,569
2023 $12,076 $977,976 $832,320 $145,656
2022 $11,520 $958,800 $816,000 $142,800
2021 $13,506 $1,128,470 $767,772 $360,698
2020 $13,644 $1,116,900 $759,900 $357,000
2019 $5,170 $662,734 $397,432 $265,302
2018 $7,963 $649,740 $389,640 $260,100
2016 $3,714 $290,999 $173,688 $117,311
2015 $3,662 $286,629 $171,080 $115,549
2014 $3,695 $281,015 $167,729 $113,286
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21042537

California Regional Multiple Listing Service (CRMLS)

APN: 5043-010-024