NOT LISTED FOR SALE

Estimated Value: $654,000 - $809,000

4 Beds
2 Baths
1,308 Sq Ft
$573/Sq Ft Est. Value

Last Sold March 21, 2019

Last sale price $510,000 $390 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,689/month

38 Days on Market

Highlights

  • RV Access or Parking
  • Traditional Architecture
  • Tile Countertops
  • Gated Parking
  • Wood Frame Window
  • Laundry Room

About This Home

As of March 2019

Awesome opportunity for 1st time home buyers and/or Investors looking for income properties. Each unit is a separate building and both feature 2 bedrooms and 1 bathroom. Each unit has individual gas and electric meters. Property is in good condition and is move in ready. Live in one and turn the other into passive income. This property features a good sized lot with a long drive way leading into a 2 car detached garage, giving the potential of 5+ parking spaces. The front yard is enclosed by a beautiful black iron gate. In between the units there is still plenty of back yard space for outdoor entertainment and enjoyment. Property is conveniently located close to the 110 FWY, 15 minute drive to the Forum, The LA Rams/Charger Stadium, Downtown and many more attractions. Don't miss out on this great opportunity!

Last Agent to Sell the Property

Gilbert Ortiz

Pak Home Realty License #02050087 Listed on: 02/04/2019

Pak Home Realty

Last Buyer's Agent

Gilbert Ortiz

Pak Home Realty License #02050087 Listed on: 02/04/2019

Pak Home Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 5,742 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway
  • Gated Parking
  • RV Access or Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Raised Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,308 Sq Ft Home
  • Wood Frame Window
  • Panel Doors
  • Laminate Flooring

Kitchen

  • Gas Cooktop
  • Tile Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Tax Lot 1510
  • Tax Tract Number 6097
  • Assessor Parcel Number 6029008028

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: LAR2
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6029008028
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: One
  • Price Per Square Foot: 389.91
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Gated, RV Access/Parking
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5742.00
  • Lot Size Acres: 0.1318

Rental Info

  • Tenant Pays: None

Multi Family

  • Lot Size Area: 5742.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2398.01
  • Tax Lot: 1510
  • Tax Tract Number: 6097

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2019
Closed on
Feb 22, 2019
Sold by
Martinez Teresa
Bought by
Arellano Alejandra Manzano and Sierra Manzano Ulices Javier
Seller's Agent
Gilbert Ortiz
Pak Home Realty
Buyer's Agent
Gilbert Ortiz
Pak Home Realty
List Price
$479,000
Sold Price
$510,000
Premium/Discount to List
$31,000
6.47%
Current Estimated Value
$749,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,524
Avg. Annual Appreciation
5.83%
Original Mortgage
$500,762
Outstanding Balance
$441,325
Interest Rate
4.62%
Mortgage Type
FHA
Estimated Equity
$308,199

Purchase Details

Closed on
May 15, 2003
Sold by
Rivas Teresa
Bought by
Martinez Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.77%

Purchase Details

Closed on
Oct 18, 2001
Sold by
Martinez Andres and Rivas Pablo
Bought by
Rivas Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,992
Interest Rate
6.84%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 12, 1999
Sold by
Martinez Andres and Rivas Pablo
Bought by
Rivas Teresa

Purchase Details

Closed on
Dec 10, 1996
Sold by
Erbetti Marcelo and Erbetti Noemi
Bought by
Martinez Andres and Rivas Pablo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,045
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 5, 1996
Sold by
Hud
Bought by
Erbetti Marcelo and Erbetti Noemi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,045
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 15, 1996
Sold by
The Prudential Home Mtg Company Inc
Bought by
Hud

Purchase Details

Closed on
Aug 8, 1996
Sold by
Pelayo Manuel and Pelayo Blanca
Bought by
The Prudential Home Mtg Company Inc

Purchase Details

Closed on
Nov 11, 1995
Sold by
Pelayo Manuel and Pelayo Blanca
Bought by
New Haven Corp
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
Arellano Alejandra Manzano $510,000 North American Title
Martinez Teresa -- Atc
Rivas Teresa -- Southland Title Corporation
Rivas Teresa -- --
Martinez Andres $155,000 --
Erbetti Marcelo $92,000 California Counties Title Co
Hud -- Benefit Land Title Ins Co
The Prudential Home Mtg Company Inc $144,487 Benefit Land Title Ins Co
New Haven Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arellano Alejandra Manzano $500,762
Previous Owner Martinez Teresa $168,000
Previous Owner Rivas Teresa $145,992
Previous Owner Martinez Andres $152,045
Previous Owner Erbetti Marcelo $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2019 03/21/19 Sold $510,000 +6.5% $390 / Sq Ft
01/12/2019 01/12/19 For Sale $479,000 -- $366 / 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 $9,286 $568,909 $345,808 $223,101
2024 $9,286 $557,755 $339,028 $218,727
2023 $9,153 $546,820 $332,381 $214,439
2022 $8,837 $536,099 $325,864 $210,235
2021 $8,756 $525,588 $319,475 $206,113
2020 $8,819 $520,200 $316,200 $204,000
2019 $2,844 $222,038 $134,079 $87,959
2018 $2,734 $217,685 $131,450 $86,235
2016 $2,601 $209,235 $126,347 $82,888
2015 $2,564 $206,093 $124,450 $81,643
2014 $2,583 $202,057 $122,013 $80,044
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19026880

California Regional Multiple Listing Service (CRMLS)

APN: 6029-008-028