Seller's Agent in 2020
Kristopher German
RE/MAX
(909) 645-0443
4 in this area
125 Total Sales
616 S Ford Blvd Los Angeles, CA 90022
Estimated Value: $845,412 - $1,060,000
5
Beds
4
Baths
2,162
Sq Ft
$430/Sq Ft
Est. Value
Highlights
- No Units Above
- Laundry Room
- Stacked Washer and Dryer
About This Home
As of October 2020Attention Investors- Looking for an investment property that is meticulously maintained, comes with paying tenants, and has lucrative rental rates in place? Than this is the one! 4 pride of ownership units offered for sale located in the heart of East Los Angeles. The property consists of all single-story units distributed amongst 3 separate structures. The first structure is a duplex, of which both units are 1 bedroom/1 bathroom. This building has undergone a major renovation with new copper plumbing, new main electrical panel, new individual subpanels, new electrical wiring throughout including plugs and switches, as well as fully remodeled modern style kitchens and bathrooms. These 2 units also have individual washer/dryer hookups as well as brand new appliances. The second structure is a detached 1 bed/1bath cottage with private washer/dryer hookups. The third structure is a detached 2bed/1bath cottage with private washer/dryer hookups. All units 100% tenant occupied and all rental payments current. All structures have brand new vinyl windows, as well as brand new exterior stucco. Driveway and parking area was recently replaced with brand new concrete and offers 6 tandem parking spaces. All units are separately metered for Electricity and Gas while the owner pays for water and trash. Great rental location close to schools, shopping and transportation. Great opportunity to buy Los Angeles real estate at a 5+%CAP Rate, and 14 GRM, which all amounts to positive cash-flow!
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 09/22/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 6,531 Sq Ft Lot
- No Units Above
- 1 Common Wall
- Density is 2-5 Units/Acre
Home Design
- 2,162 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
- Stacked Washer and Dryer
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Assigned Parking
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 3 / 10
- Tax Tract Number 4190
- Assessor Parcel Number 5247011003
Community Details
Overview
- 3 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,183
- Maintenance Expense $2,000
- Other Expense $600
- Water Sewer Expense $2,220
- New Taxes Expense $11,057
- Operating Expense $17,060
- Gross Income $67,500
- Net Operating Income $48,416
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 11, 2019
Closed on
Jul 17, 2019
Sold by
Velazquez Juan and Velazquez Maria Socorro
Bought by
German Kristopher and German Tanya
Seller's Agent
Sebastian Wolski
Compass
Buyer's Agent
Richard Alvarado
Compass
List Price
$650,000
Sold Price
$580,000
Premium/Discount to List
-$70,000
-10.77%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$386,184
Avg. Annual Appreciation
7.37%
Original Mortgage
$457,000
Outstanding Balance
$399,513
Interest Rate
3.82%
Mortgage Type
Construction
Estimated Equity
$530,340
Purchase Details
Closed on
Dec 27, 2018
Sold by
Velazquez Juan
Bought by
Velazquez Juan and Velazquez Maria Socorro
Purchase Details
Closed on
Sep 8, 1998
Sold by
Velazquez Socorro
Bought by
Velazquez Juan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,300
Interest Rate
6.89%
Purchase Details
Closed on
Aug 20, 1998
Sold by
Dela Torre Theresa A
Bought by
Velazquez Johnny and Velazquez Juan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,300
Interest Rate
6.89%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| German Kristopher | $580,000 | Fidelity National Title | |
| Velazquez Juan | -- | None Available | |
| Velazquez Juan | -- | -- | |
| Velazquez Johnny | $187,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | German Kristopher | $457,000 | |
| Previous Owner | Velazquez Johnny | $168,300 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/30/2020 10/30/20 | Sold | $920,000 | -2.6% | $426 / Sq Ft | |
| 10/09/2020 10/09/20 | Pending | -- | -- | -- | |
| 09/22/2020 09/22/20 | For Sale | $945,000 | +62.9% | $437 / Sq Ft | |
| 07/22/2019 07/22/19 | Sold | $580,000 | -10.8% | $268 / Sq Ft | View Prior Sale |
| 07/11/2019 07/11/19 | Pending | -- | -- | -- | |
| 06/21/2019 06/21/19 | For Sale | $650,000 | 0.0% | $301 / Sq Ft | |
| 06/12/2019 06/12/19 | Pending | -- | -- | -- | |
| 06/11/2019 06/11/19 | For Sale | $650,000 | -- | $301 / 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 | $13,897 | $995,835 | $487,093 | $508,742 |
| 2024 | $13,897 | $976,310 | $477,543 | $498,767 |
| 2023 | $13,329 | $957,168 | $468,180 | $488,988 |
| 2022 | $12,725 | $938,400 | $459,000 | $479,400 |
| 2021 | $12,587 | $920,000 | $450,000 | $470,000 |
| 2020 | $8,770 | $580,000 | $380,000 | $200,000 |
| 2019 | $4,932 | $262,785 | $108,206 | $154,579 |
| 2018 | $4,794 | $257,634 | $106,085 | $151,549 |
| 2016 | $4,609 | $247,631 | $101,966 | $145,665 |
| 2015 | $4,549 | $243,912 | $100,435 | $143,477 |
| 2014 | $4,563 | $239,135 | $98,468 | $140,667 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
-
S
Seller's Agent in 2019
Sebastian Wolski
Compass
-
R
Seller Co-Listing Agent in 2019
Richard Alvarado
Compass
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV20198042
APN: 5247-011-003
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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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