NOT LISTED FOR SALE

5622 Raber St Los Angeles, CA 90042

Estimated Value: $1,126,000 - $2,245,571

5 Beds
2 Baths
1,854 Sq Ft
$917/Sq Ft Est. Value

Last Sold May 16, 2023

Last sale price $860,000 $464 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $10,147/month

10 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Converted Garage
  • Wood Fence
  • No HOA
  • Laundry Room

About This Home

As of May 2023

Back on the market!!! Incredibly opportunity awaits in the heart of Highland Park. The property consists of a 3-bed house in the front and a 2-bed separate house in the back and a detached garage. property is conveniently located on the Northern side of Highland Park bordering Eagle Rock. Convenient access to major freeways, Occidental College, Old Town Pasadena, and the new trendy business along York Blvd.
Great opportunity for an owner-user to live in one unit and receive income for the 2nd unit. Tremendous potential for investors or developers.
Buyers/Agents to perform their due diligence; ALL INFORMATION IS DEEMED RELIABLE BUT IS NOT GUARANTEED.

Last Agent to Sell the Property

SERGIO E. RAMOS

PREMIER REALTY ASSOCIATES License #01054068 Listed on: 02/21/2023

PREMIER REALTY ASSOCIATES

Last Buyer's Agent

YOLANDA SUMMEROUR

PREMIER REALTY ASSOCIATES License #00982013

PREMIER REALTY ASSOCIATES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,838

Year Built

  • Built in 1912

Lot Details

  • 6,645 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Converted Garage
  • Parking Available

Home Design

  • Duplex
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,854 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 8 / S
  • Tax Tract Number 5485
  • Assessor Parcel Number 5485001008

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $900
  • Trash Expense $840
  • Water Sewer Expense $1,200
  • Operating Expense $4,140
  • Gross Income $66,000
  • Net Operating Income $62,675

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,838

Year Built

Built in 1912

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Price Per Unit: 475000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LAR1
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5485001008
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Levels: One
  • Price Per Square Foot: 463.86
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Converted Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available
  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6645.00
  • Lot Size Acres: 0.1525

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1200.00
  • Gross Operating Income: 66000.00
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 900.00
  • Lot Size Area: 6645.0000 Square Feet
  • Net Operating Income: 62675.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 3325.00
  • Rent Control: Yes
  • Total Actual Rent: 1300.00
  • Total Expenses: 4140.00

Tax Info

  • Tax Block: S
  • Tax Census Tract: 1832.21
  • Tax Lot: 8
  • Tax Tract Number: 5485

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2023
Sold by
Vazquez Martha Alicia
Bought by
Newshire Investments Inc
Current Estimated Value
$1,699,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,087,500
Interest Rate
6.32%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 7, 2015
Sold by
Vazquez Daniel and Vazquez Consuelo
Bought by
Vazquez Martha Alicia and Vazquez Daniel

Purchase Details

Closed on
Mar 15, 2013
Sold by
Vazquez Martha Alicia and Vazquez Daniel
Bought by
Vazquez Daniel and Vazquez Consuelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,500
Interest Rate
3.49%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Jun 28, 2012
Sold by
Vazquez Martha Alicia
Bought by
Vasquez Martha Alicia and Vazquez Daniel

Purchase Details

Closed on
Dec 27, 1999
Sold by
Vasquez Maria Angelica
Bought by
Vasquez Martha Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
8.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 1999
Sold by
Vasquez Jose G
Bought by
Vasquez Martha Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
8.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 1999
Sold by
Vasquez Leticia
Bought by
Vasquez Jose G

Purchase Details

Closed on
Sep 11, 1997
Sold by
Vasquez Leticia and Vazquez Daniel
Bought by
Vasquez Leticia and Vazquez Martha

Purchase Details

Closed on
Dec 30, 1996
Sold by
Texas Commerce Bank Na
Bought by
Ge Capital Mtg Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,630
Interest Rate
7.59%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 22, 1996
Sold by
Ge Capital Mtg Services Inc
Bought by
Vazquez Daniel and Vazquez Consuelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,630
Interest Rate
7.59%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 2, 1996
Sold by
Godinez Ruben Enriquez and Godinez Aura
Bought by
Texas Commerce Bank Na
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Newshire Investments Inc $860,000 Pacific Coast Title Company
Vazquez Martha Alicia -- None Available
Vazquez Daniel -- Stewart Title Of Ca Inc
Vasquez Martha Alicia -- None Available
Vasquez Martha Alicia -- Investors Title Company
Vasquez Martha Alicia -- Investors Title Company
Vasquez Jose G -- --
Vasquez Leticia -- --
Ge Capital Mtg Services Inc -- Stewart Title
Vazquez Daniel $130,000 Stewart Title
Vasquez Leticia -- Stewart Title
Texas Commerce Bank Na $137,304 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newshire Investments Inc $1,087,500
Previous Owner Vazquez Daniel $547,500
Previous Owner Vasquez Martha Alicia $170,000
Previous Owner Vasquez Martha Alicia $135,000
Previous Owner Vasquez Martha Alicia $135,000
Previous Owner Vazquez Daniel $128,630
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2023 05/16/23 Sold $860,000 -9.5% $464 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
02/21/2023 02/21/23 For Sale $950,000 -- $512 / 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 $10,838 $894,744 $671,058 $223,686
2024 $10,838 $877,200 $657,900 $219,300
2023 $3,318 $250,410 $161,023 $89,387
2022 $3,170 $245,501 $157,866 $87,635
2021 $3,123 $240,688 $154,771 $85,917
2020 $3,150 $238,222 $153,185 $85,037
2019 $3,034 $233,552 $150,182 $83,370
2018 $2,945 $228,974 $147,238 $81,736
2016 $2,798 $220,084 $141,521 $78,563
2015 $2,759 $216,779 $139,396 $77,383
2014 $2,781 $371,679 $220,998 $150,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB23029921

California Regional Multiple Listing Service (CRMLS)

APN: 5485-001-008