NOT LISTED FOR SALE

Estimated Value: $740,000 - $854,878

5 Beds
3 Baths
1,920 Sq Ft
$415/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $684,000 $356 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,882/month

175 Days on Market

Highlights

  • Private Pool
  • Tile Flooring
  • Central Air
  • No HOA

About This Home

As of July 2022

617 E. 87th Street is a 2-unit fully occupied property, unit in the back will be delivered vacant at closing. This property offers investors an excellent opportunity within a great community and a thriving rental market. This 1 building property was constructed in 1997, providing 1,920 of interior square footage, while sitting on a large 5,201 square foot lot. This property has a unit mix featuring 1 (3 bed / 2 bath) and 1 (2 bed / 1 bath) floor plan, 2 total parking spaces, while all units have separate electric and gas meters. The property offers the following upgrades: dual pain windows, tile floors, HVAC Unit (rear unit has a Smart Home, Nest System). Units have new newer kitchen counter tops, cabinets and countertops. Property also includes a large pool, space to build an additional unit, wrought iron and block fence, as well as solar panels. Prime Location in Los Angeles and conveniently located near schools, Downtown LA, USC, Parks & Recreation, Restaurants, Shopping Centers, and LAX.

Last Agent to Sell the Property

Daisy Aasland

AAsland Realty Brokerage Phone: 949-295-1205 License #02025975 Listed on: 09/23/2021

AAsland Realty

Last Buyer's Agent

Sandra Carrillo

Re/Max Top Producers License #01417973

Re/Max Top Producers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1997

Lot Details

  • 5,201 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 1,920 Sq Ft Home
  • Tile Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Private Pool
  • Central Air

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 1977
  • Assessor Parcel Number 6042001018
  • $7,283 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6042001018
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 356.25

Exterior Features

  • Pool Features: Private
  • Pool Private: Yes

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5201.00
  • Lot Size Acres: 0.1194
  • Latitude Manual: 33.95946100

Multi Family

  • Lot Size Area: 5201.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Other Income Description: Call Realtor for Gross Income.
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2400.10
  • Tax Lot: 34
  • Tax Tract Number: 1977
  • TaxOtherAnnualAssessmentAmount: 7283.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2021
Closed on
Jul 8, 2022
Sold by
Ramirez Inzunza Erick Baltazar and Ramirez Cotonieto Estela
Bought by
Inzunza Erick Baltazar Ram
Seller's Agent
Daisy Aasland
AAsland Realty
Buyer's Agent
Sandra Carrillo
Re/Max Top Producers
List Price
$800,000
Sold Price
$684,000
Premium/Discount to List
-$116,000
-14.5%
Current Estimated Value
$795,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,970
Avg. Annual Appreciation
4.35%

Purchase Details

Closed on
Mar 26, 2022
Sold by
Zayelie Villalobos Onyssyz
Bought by
Inzunza Erick Baltazar Ram and Cotonieto Estela Ramirez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$671,611
Interest Rate
5.1%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 30, 2020
Sold by
Oyuela Michael Josue Grandez
Bought by
Villalobos Onyssyz Zayelle and Castro Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,309
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 12, 2015
Sold by
Garay Irina M
Bought by
Oyuela Michael Josue Grandez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,026
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 2015
Sold by
Barragan Steven
Bought by
Oyuela Josue Grandez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,026
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 20, 2012
Sold by
Gonzalez Bertha Corona
Bought by
Gonzalez Bertha Corona and Rodriguez Aracely

Purchase Details

Closed on
Sep 27, 2010
Sold by
Barragan Steven and Rodriguez Jose Luis
Bought by
Barragan Steven and Rodriguez Jose Luis

Purchase Details

Closed on
Apr 6, 2009
Sold by
Gonzalez Bertha Corona
Bought by
Rodriguez Jose Luis

Purchase Details

Closed on
Feb 2, 2009
Sold by
Marathon Reo Management Llc
Bought by
Barragan Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,721
Interest Rate
5.02%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 30, 2009
Sold by
Marathon Structured Asset Solutions Trus
Bought by
Marathon Reo Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,721
Interest Rate
5.02%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 29, 2008
Sold by
Miranda Ritha L
Bought by
Quality Loan Service Corporation

Purchase Details

Closed on
Jun 5, 1997
Sold by
Meshekow Brothers Inc
Bought by
Miranda Ritha L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,850
Interest Rate
7.7%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 26, 1996
Sold by
Descartes Financial Corp
Bought by
Meshekow Brothers Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Inzunza Erick Baltazar Ram -- None Listed On Document
Inzunza Erick Baltazar Ram $684,000 Fidelity National Title
Villalobos Onyssyz Zayelle $535,000 Fidelity National Title
Oyuela Michael Josue Grandez -- Stewart Title
Oyuela Josue Grandez $385,000 Stewart Title
Gonzalez Bertha Corona -- None Available
Barragan Steven -- None Available
Rodriguez Jose Luis -- Fidelity National Title
Barragan Steven -- Fidelity National Title
Barragan Steven $278,000 Fidelity National Title
Marathon Reo Management Llc -- Fidelity National Title
Quality Loan Service Corporation $320,000 None Available
Miranda Ritha L $173,000 Continental Lawyers Title Co
Meshekow Brothers Inc $170,545 Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Inzunza Erick Baltazar Ram $671,611
Previous Owner Villalobos Onyssyz Zayelle $525,309
Previous Owner Oyuela Michael Josue Grandez $378,026
Previous Owner Barragan Steven $268,721
Previous Owner Miranda Ritha L $168,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2022 07/07/22 Sold $684,000 -8.8% $356 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
02/16/2022 02/16/22 Price Changed $750,000 -4.8% $391 / Sq Ft
01/05/2022 01/05/22 Price Changed $788,000 -0.3% $410 / Sq Ft
11/29/2021 11/29/21 Price Changed $790,000 -1.3% $411 / Sq Ft
11/02/2021 11/02/21 For Sale $800,000 0.0% $417 / Sq Ft
10/11/2021 10/11/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $800,000 -- $417 / 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 $8,972 $711,633 $468,180 $243,453
2024 $8,972 $697,680 $459,000 $238,680
2023 $8,803 $684,000 $450,000 $234,000
2022 $6,949 $545,700 $341,700 $204,000
2021 $13,574 $535,000 $335,000 $200,000
2020 $12,361 $423,086 $208,796 $214,290
2019 $12,148 $414,791 $204,702 $210,089
2018 $12,038 $406,659 $200,689 $205,970
2016 $5,072 $390,870 $192,897 $197,973
2015 $3,958 $297,867 $126,433 $171,434
2014 -- $292,033 $123,957 $168,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21210429

California Regional Multiple Listing Service (CRMLS)

APN: 6042-001-018