NOT LISTED FOR SALE

615 W 92nd St Los Angeles, CA 90044

Vermont Vista Neighborhood

Estimated Value: $2,000,000 - $2,050,384

24 Beds
11 Baths
6,426 Sq Ft
$315/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $1,285,000 $200 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $12,601/month

About This Home

As of September 2017

Rare opportunity to acquire a bread-and-butter 6-unit income property! Unique property consisting of three stand-alone duplex buildings. Each unit has its own address number (615, 615 1/2, 617, 617 1/2, 619 and 619 1/2). There are five 4-bedroom + 2-full bath units and one 4-bedroom + 1-full bath unit. Fully occupied by long term tenants with low turn-overs. Good existing income but has good potential for rent increase. On-site laundry room generate additional income. On-site gated parking lot of approximate 15 parking spaces (2 spaces assigned to each unit plus 3 guest parking spaces). Convenient location with easy access to freeway 110. NO RENT CONTROL.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2017
Closed on
Aug 22, 2017
Sold by
Justice James C and The James C Justice Trust
Bought by
Diamond 1 Lp
Seller's Agent
Helen Hou
Tendwell Realty & Invest.
Buyer's Agent
H. Kim Huntley
Howard Huntley, Broker
List Price
$1,285,000
Sold Price
$1,285,000
Current Estimated Value
$2,025,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$740,192
Avg. Annual Appreciation
5.94%

Purchase Details

Closed on
Dec 30, 2016
Sold by
Justice James
Bought by
Justice James C and James C Justice Trust

Purchase Details

Closed on
Sep 13, 2016
Sold by
Justice Patricia
Bought by
Justice James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 16, 2008
Sold by
Wong Jeff L
Bought by
Wong Jeff Lai Shun and Wong Josephine Wai Yin

Purchase Details

Closed on
Jul 17, 1995
Sold by
Justice James and Justice Patricia
Bought by
Justice James and Wong Jeff L

Purchase Details

Closed on
Mar 21, 1995
Sold by
Great Western Bank Fsb
Bought by
Justice James and Justice Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
8.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 14, 1994
Sold by
California Reconveyance Company
Bought by
Great Western Bank Fsb
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Diamond 1 Lp $1,285,000 Chicago Title Company
Justice James C -- None Available
Justice James -- Accommodation
Wong Jeff Lai Shun -- None Available
Justice James -- --
Justice James $275,000 Continental Lawyers Title Co
Great Western Bank Fsb $236,817 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diamond 1 Lp $965,000
Previous Owner Justice James $625,000
Previous Owner Justice James $300,000
Previous Owner Justice James $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2017 09/29/17 Sold $1,285,000 0.0% $200 / Sq Ft
07/20/2017 07/20/17 For Sale $1,285,000 -- $200 / Sq Ft

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 $18,790 $1,462,105 $876,126 $585,979
2024 $18,790 $1,433,438 $858,948 $574,490
2023 $18,452 $1,405,332 $842,106 $563,226
2022 $17,649 $1,377,778 $825,595 $552,183
2021 $17,413 $1,350,763 $809,407 $541,356
2019 $16,924 $1,310,700 $785,400 $525,300
2018 $16,574 $1,285,000 $770,000 $515,000
2016 $5,682 $393,623 $118,800 $274,823
2015 $5,612 $387,711 $117,016 $270,695
2014 $5,654 $380,117 $114,724 $265,393
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2017

    Helen Hou

    Tendwell Realty & Invest.

  • H

    Buyer's Agent in 2017

    H. Kim Huntley

    Howard Huntley, Broker

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Map

California Los Angeles County Los Angeles 90044 Vermont Vista

615 W 92nd St, Los Angeles, CA

This home is located at 615 W 92nd St, Los Angeles, CA 90044 and is currently estimated at $2,025,192, approximately $315 per square foot. 615 W 92nd St is a home located in Los Angeles County with nearby schools including Manchester Avenue Elementary School, Bret Harte Preparatory Middle School, and KIPP Empower Academy.

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.

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