T
Seller's Agent in 2018
Tino Gudino
SECURITY REAL ESTATE CO.
624 Burger Ave Los Angeles, CA 90022
Estimated Value: $1,014,000 - $1,227,000
8
Beds
4
Baths
7,444
Sq Ft
$146/Sq Ft
Est. Value
Highlights
- No HOA
- James A. Garfield Senior High School Rated A
- Laundry Room
About This Home
As of January 2018This property consists of 2 Parcels ( #5247-002-006 / #5247-002-007) 10 units total - All units rented with seasoned tenants.
624 Burger Ave consists of a 3br 1.5 ba house / 2 - 2br 1 ba / 2- 1br 1ba
630 Burger Ave consists of a 2br 1ba house / 3 - 2br 1 ba / 1 - 1br 1ba
The single homes are older and apartment units were built in the '60's. Property owned by 2 partners, possible 1031 exchange.
Last Agent to Sell the Property
Tino Gudino
SECURITY REAL ESTATE CO. License #00622576 Listed on: 07/06/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,339
Year Built
- Built in 1904
Lot Details
- 9,372 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 10 Car Garage
Home Design
- 7,444 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Tax Lot 5
- Tax Tract Number 4190
- Assessor Parcel Number 5247002006
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $600
- Insurance Expense $3,165
- Professional Management Expense $7,200
- Trash Expense $2,400
- Water Sewer Expense $1,788
- New Taxes Expense $22,500
- Operating Expense $37,653
- Gross Income $126,000
- Net Operating Income $88,347
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 15, 2018
Sold by
R C Property Management Inc
Bought by
R C Property Management Inc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$982,000
Outstanding Balance
$845,535
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$244,798
Purchase Details
Closed on
Nov 1, 2017
Sold by
Hernandez Maria Esperanza and Hernandez Family Trust
Bought by
R C Property Management Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Interest Rate
3.94%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 11, 2017
Sold by
Clementi Giuseppina
Bought by
Clementi Giuseppina and The Giuseppina Clementi Living Trust
Purchase Details
Closed on
Apr 29, 2009
Sold by
Hernandez Jose B and Hernandez Maria E
Bought by
Hernandez Jose Barrera and Hernandez Maria Esperanza
Purchase Details
Closed on
Sep 18, 2008
Sold by
Clementi Guiseppina and Hernandez Jose B
Bought by
Clementi Guiseppina and Hernandez Jose B
Purchase Details
Closed on
Aug 12, 2004
Sold by
Hernandez Maria E
Bought by
Hernandez Jose B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,000
Interest Rate
5.95%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| R C Property Management Inc | -- | Stewart Title Of California | |
| R C Property Management Inc | $1,700,000 | North American Title Company | |
| Clementi Giuseppina | -- | None Available | |
| Hernandez Jose Barrera | -- | None Available | |
| Clementi Guiseppina | -- | None Available | |
| Hernandez Jose B | -- | North American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | R C Property Management Inc | $982,000 | |
| Previous Owner | R C Property Management Inc | $1,020,000 | |
| Previous Owner | Hernandez Jose B | $499,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/24/2018 01/24/18 | Sold | $1,700,000 | -9.3% | $228 / Sq Ft |
| 08/29/2017 08/29/17 | Pending | -- | -- | -- |
| 07/06/2017 07/06/17 | For Sale | $1,875,000 | -- | $252 / 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 | $14,339 | $1,012,665 | $568,913 | $443,752 |
| 2024 | $14,339 | $992,809 | $557,758 | $435,051 |
| 2023 | $13,767 | $973,343 | $546,822 | $426,521 |
| 2022 | $13,151 | $954,258 | $536,100 | $418,158 |
| 2021 | $12,997 | $935,548 | $525,589 | $409,959 |
| 2020 | $13,092 | $925,956 | $520,200 | $405,756 |
| 2019 | $12,617 | $907,800 | $510,000 | $397,800 |
| 2018 | $4,393 | $210,813 | $75,172 | $135,641 |
| 2016 | $4,203 | $202,629 | $72,254 | $130,375 |
| 2015 | $4,152 | $199,586 | $71,169 | $128,417 |
| 2014 | $4,168 | $195,677 | $69,775 | $125,902 |
Source: Public Records
Agents Affiliated with this Home
-
-
David Silverstein
D
Buyer's Agent in 2018
David Silverstein
New Frontier Realty
(310) 739-0068
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MB17154134
APN: 5247-002-006
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