NOT LISTED FOR SALE

6141 Marbrisa Ave Huntington Park, CA 90255

Estimated Value: $1,194,000 - $1,430,215

6 Beds
4 Baths
2,648 Sq Ft
$496/Sq Ft Est. Value

Last Sold August 01, 2014

Last sale price $755,000 $285 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $8,364/month

38 Days on Market

About This Home

As of August 2014

This 5-unit residential property was rebuilt including $340,000+ renovations; this is a turn-key investment opportunity with immediate potential cash flow in a strong rental market. Renovation comprised of new kitchens and bathrooms in all units, new kitchen cabinets, new fixtures in all units, new tile or wood flooring in all units, new carpeted bedrooms, new bath tubs and toilets, and new stainless steel appliances.The property also consists of two buildings. The front building is a 4-unit mix. The rear building is a 2B/2B detached home. These units were built upon raised foundations and enclosed with pitched shingle roofs. See private remarks for Offer Instructions.

Last Agent to Sell the Property

Rhett Winchell

Kennedy Wilson Real Estate Sales & Marketing License #01906531 Listed on: 05/06/2014

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,585

Year Built

  • Built in 1906

Lot Details

  • 6,665 Sq Ft Lot

Parking

  • 5 Parking Spaces

Interior Spaces

  • 2,648 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 6321-010-028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,585

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2648
  • Stories: 2
  • Year Built: 1906
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 290.37

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Total Parking: 5

Lot Info

  • Assessed Improvement Value: 214200
  • Assessed Land Value: 153000
  • Assessor Parcel Number: 6321-010-028
  • Geocode Override: No
  • Lot Size Area: 6665

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Number Of Units: 5
  • Rent Control: 0%
  • Total Annual Expense: 0
  • Type Of Units: RES
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2014
Closed on
Jul 24, 2014
Sold by
Westpac Homes Llc
Bought by
Mslc Llc
Seller's Agent
Rhett Winchell
Kennedy Wilson Real Estate Sales & Marketing
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$799,000
Sold Price
$755,000
Premium/Discount to List
-$44,000
-5.51%
Current Estimated Value
$1,312,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$557,108
Avg. Annual Appreciation
5.11%
Original Mortgage
$500,000
Interest Rate
4.11%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
May 9, 2012
Closed on
Jun 15, 2012
Sold by
Bank Of America Na
Bought by
Westpae Homes Llc
Seller's Agent
Leo Nordine
Leo Nordine Realtors
Buyer's Agent
John Martynec
John Martynec, Broker
List Price
$350,000
Sold Price
$385,000
Premium/Discount to List
$35,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.60%

Purchase Details

Closed on
Sep 29, 2011
Sold by
Federal National Mortgage Association
Bought by
Bank Of America N A

Purchase Details

Closed on
Aug 3, 2010
Sold by
Melwani Juana Irma
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 24, 2005
Sold by
Melwani Juana Irma
Bought by
Melwani Juana Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,500
Interest Rate
5.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 22, 2002
Sold by
Melwani Deepak K
Bought by
Melwani Juana Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.24%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 8, 2001
Sold by
Melwani Deepak K
Bought by
Melwani Deepak K and Melwani Juana Irma

Purchase Details

Closed on
Jun 17, 1994
Sold by
Melwani Deepak K
Bought by
Melwani Deepak K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
8.53%
Mortgage Type
Commercial
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
Mslc Llc $755,000 Title 365
Westpae Homes Llc $385,000 Ticor Title Riverside
Bank Of America N A -- None Available
Federal National Mortgage Association $277,100 Landsafe Title
Melwani Juana Irma -- Uitic
Melwani Juana Irma -- --
Melwani Deepak K -- Orange Coast Title
Melwani Deepak K -- Title Land
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mslc Llc $560,000
Closed Mslc Llc $500,000
Closed Mslc Llc $500,000
Previous Owner Melwani Juana Irma $560,000
Previous Owner Melwani Juana Irma $499,500
Previous Owner Melwani Juana Irma $324,500
Previous Owner Melwani Juana Irma $160,000
Previous Owner Melwani Deepak K $80,000
Previous Owner Melwani Deepak K $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2014 08/01/14 Sold $755,000 -5.5% $285 / Sq Ft
06/13/2014 06/13/14 Pending -- -- --
05/06/2014 05/06/14 For Sale $799,000 +107.5% $302 / Sq Ft
06/22/2012 06/22/12 Sold $385,000 +10.0% $109 / Sq Ft
05/18/2012 05/18/12 Pending -- -- --
05/09/2012 05/09/12 For Sale $350,000 -- $99 / Sq Ft
Source: The MLS

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 $14,585 $907,388 $480,737 $426,651
2024 $14,585 $889,597 $471,311 $418,286
2023 $14,326 $872,155 $462,070 $410,085
2022 $13,722 $855,055 $453,010 $402,045
2021 $11,532 $838,290 $444,128 $394,162
2020 $13,583 $829,696 $439,575 $390,121
2019 $13,101 $813,428 $430,956 $382,472
2018 $12,852 $797,479 $422,506 $374,973
2016 $12,238 $766,513 $406,100 $360,413
2015 $12,038 $755,000 $400,000 $355,000
2014 $6,795 $368,866 $153,694 $215,172
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-758373

The MLS

APN: 6321-010-028