NOT LISTED FOR SALE

Estimated Value: $848,552 - $910,000

8 Beds
4 Baths
2,600 Sq Ft
$338/Sq Ft Est. Value

Last Sold July 24, 2015

Last sale price $454,000 $175 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $5,347/month

66 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Central Heating and Cooling System
  • Granite Countertops
  • Laundry Room
  • Paved or Partially Paved Lot

About This Home

As of July 2015

Drastic Price Reduction! 2 Units built in 2009. Each unit has 4 Bedroom + 2 Bath + laundry area on each unit, granite kitchen counters, separate water, gas, electric meters. Behind the building there are 2 car garage + uncovered space good for at least 2 more cars. Excellent condition. Both units are currently occupied. Conveniently close to stores, bus lines & freeways, USC campus and Downtown L.A. Seller is very motivated and flexible on the price, will review all offers - wants this property sold fast. Don't let this great opportunity pass you by. Seller is willing to help on buyer's closing costs. Price reduced to $450,000 - What a Bargain! BOM - Buyer did not qualify for a loan.

Last Agent to Sell the Property

Romeo Ramirez

Coldwell Banker Quality Properties License #01138996 Listed on: 04/22/2015

Coldwell Banker Quality Properties

Last Buyer's Agent

Maria Orcoyen

VIP Real Estate Firm License #01754305

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,732

Year Built

  • Built in 2009

Lot Details

  • 5,741 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Paved or Partially Paved Lot
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property
  • Granite Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Property is near public transit
  • Urban Location

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 1205
  • Tax Tract Number 6097
  • Assessor Parcel Number 6029016010

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,000
  • Trash Expense $1,200
  • New Taxes Expense $6,125
  • Gross Income $3,480
  • Net Operating Income $31,685

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,732

Year Built

Built in 2009

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Property Type: Residential Income
  • Parcel Number: 6029016010
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 174.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Individual Room, Washer Hookup
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre, Front Yard, Paved, Near Public Transit
  • Lot Size Sq Ft: 5741.00
  • Price Per Lot Square Foot: 79.08
  • Lot Size Acres: 0.1320

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 3480.00
  • Gross Scheduled Income: 41760.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 5741.0000 Square Feet
  • Net Operating Income: 31685.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 10075.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6125.00
  • Tax Lot: 1205
  • Tax Tract Number: 6097
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2015
Closed on
Jul 17, 2015
Sold by
Velis Elvin O
Bought by
Lugones Leandro Carol
Seller's Agent
Romeo Ramirez
Coldwell Banker Quality Properties
Buyer's Agent
Maria Orcoyen
VIP Real Estate Firm
List Price
$490,000
Sold Price
$454,000
Premium/Discount to List
-$36,000
-7.35%
Current Estimated Value
$878,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,388
Avg. Annual Appreciation
6.78%
Original Mortgage
$340,500
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 22, 2015
Closed on
Jul 8, 2015
Sold by
Pena Cinthia Vanina
Bought by
Lugones Leandro Carol
Seller's Agent
Romeo Ramirez
Coldwell Banker Quality Properties
Buyer's Agent
Maria Orcoyen
VIP Real Estate Firm
List Price
$490,000
Sold Price
$454,000
Premium/Discount to List
-$36,000
-7.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,500
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2009
Sold by
Lance Properties Inc
Bought by
Velis Elvin O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,483
Interest Rate
4.99%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 4, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Lance Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 2007
Sold by
Deluna Leonardo
Bought by
Deutsche Bank National Trust Co and Argent Mortgage Securities Inc Asset Bac

Purchase Details

Closed on
Apr 19, 2006
Sold by
Barahona Jose G Gomez
Bought by
Deluna Leonardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
6.3%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 10, 2004
Sold by
Mancia Oscar
Bought by
Gomez Jose Gilberto Barahona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,800
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 1998
Sold by
Rivas Juan J
Bought by
Mancia Oscar and Mancia Ana Maria
Source: Public Records

Range of Values:

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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
Lugones Leandro Carol $454,000 Provident Title Company
Lugones Leandro Carol -- Provident Title Company
Velis Elvin O -- Lawyers Title
Lance Properties Inc $170,000 Lawyers Title
Deutsche Bank National Trust Co $358,359 Accommodation
Deluna Leonardo $410,000 Lawyers Title
Gomez Jose Gilberto Barahona $276,000 Ticor Title Insurance
Mancia Oscar -- Ticor Title Insurance
Mancia Oscar -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lugones Leandro Carol $320,000
Closed Lugones Leandro Carol $340,500
Previous Owner Velis Elvin O $397,568
Previous Owner Velis Elvin O $407,483
Previous Owner Lance Properties Inc $390,000
Previous Owner Deluna Leonardo $82,000
Previous Owner Deluna Leonardo $328,000
Previous Owner Barahona Jose Gilberto Gomez $8,000
Previous Owner Barahona Jose Gilberto Gomez $36,567
Previous Owner Gomez Jose Gilberto Barahona $220,800
Previous Owner Mancia Oscar $105,000
Closed Gomez Jose Gilberto Barahona $55,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2015 07/24/15 Sold $454,000 -7.3% $175 / Sq Ft
06/27/2015 06/27/15 Pending -- -- --
04/22/2015 04/22/15 For Sale $490,000 -- $188 / 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 $6,732 $537,438 $213,081 $324,357
2024 $6,732 $526,901 $208,903 $317,998
2023 $6,607 $516,570 $204,807 $311,763
2022 $6,307 $506,442 $200,792 $305,650
2021 $6,219 $496,512 $196,855 $299,657
2019 $6,038 $481,787 $191,017 $290,770
2018 $5,937 $472,341 $187,272 $285,069
2016 $5,144 $411,000 $323,500 $87,500
2015 $5,144 $411,000 $323,500 $87,500
2014 $5,270 $411,000 $323,500 $87,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15031660

California Regional Multiple Listing Service (CRMLS)

APN: 6029-016-010