J
Seller's Agent in 2024
Jerry Mercado
Realty Executives
(562) 205-1700
1 in this area
18 Total Sales
623 S Mcdonnell Ave Los Angeles, CA 90022
Estimated Value: $746,000 - $906,000
3
Beds
2
Baths
1,576
Sq Ft
$505/Sq Ft
Est. Value
Highlights
- Laundry Room
- James A. Garfield Senior High School Rated A
- 1-Story Property
About This Home
As of August 2024Discover this fantastic investment opportunity with two detached units in a prime rental neighborhood of Los Angeles. The front unit offers a cozy 2 bedrooms and 1 bathroom, while the back unit provides a comfortable 1 bedroom and 1 bathroom. Tenants benefit from ample parking and convenient laundry hookups. Tenants cover their own electricity and gas, & water. Despite excellent property management by the owner, rental rates have remained conservative, presenting the next owner with incredible potential for increased income. Perfectly located just minutes from transportation, freeways, restaurants, shopping, and much more
Last Agent to Sell the Property
Realty Executives Com. & Res. Brokerage Phone: 626-205-8539 License #02112259 Listed on: 06/15/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,680
Year Built
- Built in 1927
Lot Details
- 6,796 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 1 Car Garage
Home Design
- Duplex
Interior Spaces
- 1,576 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 29 / 6
- Tax Tract Number 4190
- Assessor Parcel Number 5247015030
- $1,148 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 2 Units
Building Details
- 2 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $650
- New Taxes Expense $9,135
- Operating Expense $9,785
- Gross Income $46,572
- Net Operating Income $36,787
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 15, 2024
Closed on
Jul 31, 2024
Sold by
Munoz Juan and Connelly Nympha
Bought by
Astilla Kevin Stephen Topa and Astilla Karen Viviana
Seller's Agent
Jerry Mercado
Realty Executives Com. & Res.
Buyer's Agent
Fulvia Garcia
Century 21 LOTUS
List Price
$724,999
Sold Price
$740,000
Premium/Discount to List
$15,001
2.07%
Views
23
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
$55,373
Avg. Annual Appreciation
7.18%
Original Mortgage
$690,000
Outstanding Balance
$682,800
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$112,573
Purchase Details
Closed on
Mar 16, 2024
Sold by
Munoz Juan and Connelly Nympha Angelma
Bought by
Munoz Juan and Connelly Nympha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
6.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 16, 2024
Sold by
Connelly Nympha Anzelma and Munoz Juan
Bought by
Munoz Juan and Connelly Nympha Angelma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
6.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 27, 2012
Sold by
Munoz Juan and Munoz Virginia
Bought by
Munoz Juan and Munoz Virginia
Purchase Details
Closed on
Jul 13, 2010
Sold by
Federal National Mortgage Association
Bought by
Munoz Juan and Munoz Virginia
Purchase Details
Closed on
Dec 8, 2009
Sold by
Pita Jessica
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Jun 4, 2007
Sold by
Nicklas Cherylinn A
Bought by
Pita Jessica
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 25, 2004
Sold by
Nicklas Cherylinn A and Rangel Cherylinn A
Bought by
Nicklas Cherylinn A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
9.15%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 20, 2000
Sold by
Leal Cleo Y and Rangel David R
Bought by
Leal Cleo Y and Rangel Cherylinn A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Astilla Kevin Stephen Topa | $740,000 | Chicago Title | |
| Munoz Juan | -- | None Listed On Document | |
| Munoz Juan | -- | Unisource | |
| Munoz Juan | -- | Accommodation | |
| Connelly Nympha Anzelma | -- | Accommodation | |
| Munoz Juan | $225,000 | First American Title Ins Co | |
| Federal National Mortgage Association | $377,483 | Landsafe Title | |
| Pita Jessica | $415,000 | Fidelity National Title | |
| Nicklas Cherylinn A | -- | Commonwealth Land Title Co | |
| Leal Cleo Y | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Astilla Kevin Stephen Topa | $690,000 | |
| Previous Owner | Munoz Juan | $235,000 | |
| Previous Owner | Pita Jessica | $412,000 | |
| Previous Owner | Nicklas Cherylinn A | $12,500 | |
| Previous Owner | Nicklas Cherylinn A | $205,000 | |
| Previous Owner | Leal Cleo Y | $112,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2024 08/07/24 | Sold | $740,000 | +2.1% | $470 / Sq Ft |
| 06/21/2024 06/21/24 | Pending | -- | -- | -- |
| 06/15/2024 06/15/24 | For Sale | $724,999 | -- | $460 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $4,680 | $740,000 | $500,000 | $240,000 |
| 2024 | $4,680 | $282,601 | $188,402 | $94,199 |
| 2023 | $4,439 | $277,060 | $184,708 | $92,352 |
| 2022 | $4,257 | $271,629 | $181,087 | $90,542 |
| 2021 | $4,205 | $266,304 | $177,537 | $88,767 |
| 2020 | $4,230 | $263,574 | $175,717 | $87,857 |
| 2019 | $4,091 | $258,407 | $172,272 | $86,135 |
| 2018 | $3,962 | $253,342 | $168,895 | $84,447 |
| 2016 | $3,798 | $243,507 | $162,338 | $81,169 |
| 2015 | $3,745 | $239,850 | $159,900 | $79,950 |
| 2014 | $3,750 | $235,152 | $156,768 | $78,384 |
Source: Public Records
Agents Affiliated with this Home
-
Jerry Mercado
-
Fulvia Garcia
Buyer's Agent in 2024
Fulvia Garcia
Century 21 LOTUS
(310) 738-0709
1 in this area
103 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW24121394
APN: 5247-015-030
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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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