NOT LISTED FOR SALE

5605 E 6th St Los Angeles, CA 90022

Estimated Value: $722,000 - $900,000

4 Beds
3 Baths
1,657 Sq Ft
$498/Sq Ft Est. Value

Last Sold October 21, 2019

Last sale price $560,000 $338 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $5,033/month

37 Days on Market

Highlights

  • Property is near park
  • Corner Lot
  • Laundry Room

About This Home

As of October 2019

This is a RARE opportunity to own this triplex with 2 units completely VACANT, move in one and rent out the rest or lease these units at market rents and start your cashflow portfolio. East Los Angeles Investment property. This Triplex is close to schools, shopping, restaurants, and public transportation. The property is comprised of one 2 bedroom 1 bath unit, 1 unit 1 bedroom 1 bath unit, 1 studio and a garage loft conversion. Buyer to satisfy themselves with all aspects of the property including but not limited to square footage, lot size, use code, permits etc.

Last Agent to Sell the Property

STEVEN VERDUGO

ONE WEST REALTY INC License #01987849 Listed on: 07/22/2019

Last Buyer's Agent

STEVEN VERDUGO

ONE WEST REALTY INC License #01987849 Listed on: 07/22/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 2,972 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Density is 2-5 Units/Acre

Home Design

  • Triplex

Interior Spaces

  • 1,657 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Property is near park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 340
  • Tax Tract Number 5445
  • Assessor Parcel Number 6341015001

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,000
  • Operating Expense $7,200
  • Net Operating Income $31,560

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LCR3YY
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6341015001
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Price Per Square Foot: 337.96

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot, Park Nearby
  • Lot Size Sq Ft: 2972.00
  • Lot Size Acres: 0.0682
  • Latitude Manual: 34.02349900

Rental Info

  • Garage Rental Rate: 700.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 32760.00
  • Lot Size Area: 2972.0000 Square Feet
  • Net Operating Income: 31560.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Actual Rent: 3130.00
  • Total Expenses: 7200.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Census Tract: 5303.02
  • Tax Lot: 340
  • Tax Tract Number: 5445

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2019
Closed on
Oct 16, 2019
Sold by
Gamez Gerardo Diego and Subta Catalina
Bought by
Becerra Michael A
Seller's Agent
STEVEN VERDUGO
ONE WEST REALTY INC
Buyer's Agent
STEVEN VERDUGO
ONE WEST REALTY INC
List Price
$570,000
Sold Price
$560,000
Premium/Discount to List
-$10,000
-1.75%
Current Estimated Value
$825,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,468
Avg. Annual Appreciation
6.38%
Original Mortgage
$549,857
Outstanding Balance
$478,111
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$347,357

Purchase Details

Closed on
Aug 9, 2017
Sold by
Gamez Tomas
Bought by
Gamez Gerardo Diego and Subia Catalina

Purchase Details

Closed on
Jun 7, 2012
Sold by
Gamez Martin
Bought by
Gamez Tomas

Purchase Details

Closed on
Dec 8, 2003
Sold by
Carranza Fred
Bought by
Gamez Martin

Purchase Details

Closed on
Nov 14, 2002
Sold by
Uribe Katherine A and Uribe Mark J
Bought by
Carranza Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,500
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Becerra Michael A $560,000 Western Resources Title Co
Gamez Gerardo Diego -- None Available
Gamez Tomas $210,000 Ticor Title Company
Gamez Martin -- --
Carranza Fred $190,000 Commonwealth
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Becerra Michael A $549,857
Previous Owner Carranza Fred $180,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2019 10/21/19 Sold $560,000 -1.8% $338 / Sq Ft
08/28/2019 08/28/19 Pending -- -- --
07/22/2019 07/22/19 For Sale $570,000 +3.6% $344 / Sq Ft
05/26/2019 05/26/19 Sold $550,000 -3.5% $332 / Sq Ft View Prior Sale
03/23/2019 03/23/19 Pending -- -- --
01/09/2019 01/09/19 For Sale $570,000 -- $344 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,857 $612,437 $428,708 $183,729
2024 $8,635 $600,429 $420,302 $180,127
2023 $8,388 $588,657 $412,061 $176,596
2022 $8,119 $577,116 $403,982 $173,134
2021 $7,861 $565,801 $396,061 $169,740
2020 $7,808 $560,000 $392,000 $168,000
2019 $5,396 $354,679 $197,044 $157,635
2018 $5,477 $347,726 $193,181 $154,545
2016 $5,260 $334,226 $185,681 $148,545
2015 $4,992 $329,206 $182,892 $146,314
2014 $4,947 $322,758 $179,310 $143,448
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19174551

California Regional Multiple Listing Service (CRMLS)

APN: 6341-015-001