NOT LISTED FOR SALE

Estimated Value: $782,000 - $1,002,000

7 Beds
6 Baths
3,128 Sq Ft
$288/Sq Ft Est. Value

Last Sold November 15, 2019

Last sale price $640,000 $205 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,507/month

9 Days on Market

Highlights

  • Bungalow
  • Paved or Partially Paved Lot
  • 1-Story Property
  • Chain Link Fence
  • Heating System Uses Natural Gas
  • 1-minute walk to Avalon and Gage Park

About This Home

As of November 2019

Excellent investment opportunity in central Los Angeles, close to shops, parks, banks. High rental area, fully rented, long term tenants, 4 units,
2 separate buildings. 1 unit to be delivered at COE.
Rent control area, buyer to be responsible for relocation. All information deemed reliable but not guaranteed. Buyer to verify all information permits and property use and due diligence. Seller very motivated.

Last Agent to Sell the Property

Tina Rendon

Excellence RE Real Estate License #01159046 Listed on: 09/16/2019

Excellence RE Real Estate

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,830

Year Built

  • Built in 1929

Lot Details

  • 5,250 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • No Landscaping
  • Paved or Partially Paved Lot

Home Design

  • Bungalow
  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,128 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 3,4
  • Tax Tract Number 12405
  • Assessor Parcel Number 6006022002

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Service Entrance

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,830

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Other Phone Description: 6262325524
  • Other Phone Number: 6262325524
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: No
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 6006022002
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished
  • Stories: 1
  • Entry Location: Ground Level No Steps
  • Common Walls: 2+ Common Walls
  • Door Features: Service Entrance
  • Levels: One
  • Price Per Square Foot: 204.60
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping, Paved
  • Lot Size Sq Ft: 5250.00
  • Lot Size Acres: 0.1205

Multi Family

  • Gross Income: 4185.00
  • Gross Scheduled Income: 61380.00
  • Lot Size Area: 5250.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Area: 6-659
  • Tax Lot: 3,4
  • Tax Tract Number: 12405

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2021
Sold by
Sandoval Laura Gonzalez and Villa Rodolfo
Bought by
Villa Rodolfo and Villa Laura
Current Estimated Value
$899,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,500
Outstanding Balance
$467,488
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$432,368

Purchase Details

Listed on
Sep 16, 2019
Closed on
Oct 18, 2019
Sold by
Hidalgo Juan and Hidalgo Sonia
Bought by
Villa Rodolfo and Sandoval Laura Gonzalez
Seller's Agent
Tina Rendon
Excellence RE Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$639,000
Sold Price
$640,000
Premium/Discount to List
$1,000
0.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%
Original Mortgage
$480,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2006
Sold by
Gibralter Investment Properties Llc
Bought by
Hidalgo Juan and Hidalgo Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,900
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2005
Sold by
Patton Brandon D
Bought by
Gibralter Investment Properties Llc

Purchase Details

Closed on
Jul 27, 2004
Sold by
Patton Brandon
Bought by
Brand Knew Investments Ltd

Purchase Details

Closed on
Aug 26, 2002
Sold by
Hollar Daniel
Bought by
Patton Brandon D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.88%

Purchase Details

Closed on
Oct 30, 2001
Sold by
Shelter First Inc
Bought by
Hollar Daniel and Hollar Lori L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.62%

Purchase Details

Closed on
Feb 17, 2000
Sold by
Hud
Bought by
Shelter First Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
8.27%

Purchase Details

Closed on
Aug 4, 1999
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Jun 3, 1998
Sold by
Valenzuela Henry
Bought by
Norwest Mtg Inc

Purchase Details

Closed on
Mar 6, 1997
Sold by
Martinez Juan Antonio
Bought by
Valenzuela Henry and Valenzuela Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,796
Interest Rate
7.81%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 19, 1997
Sold by
Goss Regina R
Bought by
Goss Lee A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,796
Interest Rate
7.81%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 13, 1997
Sold by
Goss Lee A
Bought by
Martinez Juan Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,796
Interest Rate
7.81%
Mortgage Type
FHA
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
Villa Rodolfo -- Fidelity National Title
Villa Rodolfo $640,000 Pacific Coast Title
Hidalgo Juan $507,000 Transunion Title
Gibralter Investment Properties Llc $340,189 --
Brand Knew Investments Ltd -- --
Patton Brandon D $275,000 Chicago Title Co
Hollar Daniel -- --
Shelter First Inc $171,000 Provident Title
Hud -- Benefit Land Title Company
Norwest Mtg Inc $267,264 Benefit Land Title Ins Co
Valenzuela Henry $260,000 Fidelity National Title
Goss Lee A -- --
Martinez Juan Antonio $129,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Villa Rodolfo $521,500
Previous Owner Villa Rodolfo $480,000
Previous Owner Hidalgo Juan $354,900
Previous Owner Patton Brandon D $275,000
Previous Owner Hollar Daniel $185,000
Previous Owner Shelter First Inc $164,000
Previous Owner Valenzuela Henry $249,796
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2019 11/15/19 Sold $640,000 +0.2% $205 / Sq Ft
09/25/2019 09/25/19 Pending -- -- --
09/16/2019 09/16/19 For Sale $639,000 -- $204 / 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 $8,830 $699,929 $481,202 $218,727
2024 $8,830 $686,206 $471,767 $214,439
2023 $8,667 $672,752 $462,517 $210,235
2022 $8,278 $659,562 $453,449 $206,113
2021 $8,166 $646,630 $444,558 $202,072
2020 $8,243 $640,000 $440,000 $200,000
2019 $7,713 $608,919 $228,192 $380,727
2018 $7,596 $596,980 $223,718 $373,262
2016 $6,508 $512,000 $277,100 $234,900
2015 $6,508 $512,000 $277,100 $234,900
2014 $5,614 $425,000 $230,000 $195,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19219392

California Regional Multiple Listing Service (CRMLS)

APN: 6006-022-002