NOT LISTED FOR SALE

564 S Gerhart Ave Los Angeles, CA 90022

Estimated Value: $892,519 - $997,000

6 Beds
3 Baths
2,827 Sq Ft
$338/Sq Ft Est. Value

Last Sold May 02, 2013

Last sale price $403,000 $143 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $5,823/month

269 Days on Market

About This Home

As of May 2013

Great Investment property three units. Needs TLC. Duplex in the front with 2 car attached garage. Each Unit has 2 bedrooms, 1 Bath, each unit has own water heater, electric meter and gas meter. Washer and Dryer hook up in the two car attached garage to accommodate tenants with it's own water heater. ***** Additional single family residence in the back with two bedroom and one full bath and single garage with carport. Wall furnaces in all units. No rent control. Property is being sold, "AS Is, Where is." Seller will not make any repairs. Great investment.

Last Agent to Sell the Property

GEORGE SZALONEK

RE/MAX OLYMPIC License #00497874 Listed on: 03/04/2013

RE/MAX OLYMPIC

Last Buyer's Agent

GEORGE SZALONEK

RE/MAX OLYMPIC License #00497874 Listed on: 03/04/2013

RE/MAX OLYMPIC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,415

Year Built

  • Built in 1923

Lot Details

  • 5,381

Parking

  • 3 Car Garage
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Home Design

  • 2,827 Sq Ft Home

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Additional Features

  • Disposal
  • 5,381 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 627
  • Tax Tract Number 5445
  • Assessor Parcel Number 6342013018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $720
  • Insurance Expense $1,200
  • Trash Expense $750
  • Water Sewer Expense $480
  • New Taxes Expense $2,110
  • Gross Income $2,800
  • Net Operating Income $300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,415

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Water Sewer Expenses: 480.00
  • Property Type: Residential Income
  • Parcel Number: 6342013018
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Yes
  • Price Per Square Foot: 142.55

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Appliances: Disposal
  • Laundry Features: Dryer Included, In Garage, Washer Included
  • Trash Expense: 750.00

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 5381.00
  • Lot Size Acres: 0.1240

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 2800.00
  • Gross Scheduled Income: 1800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5381.0000 Square Feet
  • Net Operating Income: 300.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 15.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2110.00
  • Tax Area: 6-457
  • Tax Lot: 627
  • Tax Tract Number: 5445
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2016
Sold by
Padilla Raymond
Bought by
Padilla Raymond and Padilla Blanca Antonia
Current Estimated Value
$955,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 4, 2013
Closed on
Mar 27, 2013
Sold by
Baker Glenn Julian and Baker Joann
Bought by
Padilla Ray
Seller's Agent
GEORGE SZALONEK
RE/MAX OLYMPIC
Buyer's Agent
GEORGE SZALONEK
RE/MAX OLYMPIC
List Price
$450,000
Sold Price
$403,000
Premium/Discount to List
-$47,000
-10.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.26%
Original Mortgage
$395,700
Interest Rate
3.37%
Mortgage Type
FHA
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
Padilla Raymond -- Pacific Coast Title Company
Padilla Ray $403,000 None Available
Padilla Ray -- North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Padilla Raymond $400,000
Closed Padilla Raymond $386,000
Closed Padilla Ray $395,700
Previous Owner Baker Glenn Julian $102,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2013 05/02/13 Sold $403,000 -10.4% $143 / Sq Ft
03/22/2013 03/22/13 Pending -- -- --
06/26/2012 06/26/12 For Sale $450,000 -- $159 / 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 $7,415 $496,254 $246,282 $249,972
2024 $7,415 $486,524 $241,453 $245,071
2023 $7,162 $476,985 $236,719 $240,266
2022 $6,941 $467,633 $232,078 $235,555
2021 $6,720 $458,465 $227,528 $230,937
2020 $6,674 $453,765 $225,195 $228,570
2019 $6,489 $444,869 $220,780 $224,089
2018 $6,540 $436,147 $216,451 $219,696
2016 $6,262 $419,213 $208,047 $211,166
2015 $5,934 $412,917 $204,922 $207,995
2014 $5,890 $404,829 $200,908 $203,921
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2013

    GEORGE SZALONEK

    RE/MAX

    (626) 331-4868

    3 Total Sales

    GEORGE SZALONEK
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: C12079945

California Regional Multiple Listing Service (CRMLS)

APN: 6342-013-018

California Los Angeles County Los Angeles 90022

564 S Gerhart Ave, Los Angeles, CA

This home is located at 564 S Gerhart Ave, Los Angeles, CA 90022 since 04 March 2013 and is currently estimated at $955,380, approximately $337 per square foot. This property was built in 1923. 564 S Gerhart Ave is a home located in Los Angeles County with nearby schools including Joseph A. Gascon Elementary School, Eastmont Intermediate School, and Schurr 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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