NOT LISTED FOR SALE

638 S Bonnie Beach Place Los Angeles, CA 90023

Estimated Value: $643,000 - $1,187,000

5 Beds
3 Baths
2,035 Sq Ft
$475/Sq Ft Est. Value

Last Sold January 13, 2022

Last sale price $975,000 $479 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,421/month

63 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • 2 Car Garage
  • James A. Garfield Senior High School Rated A
  • Garden

About This Home

As of January 2022

WOW VACANT UNITS!!!  Don't pass up this gorgeous income property.  Each unit is fully remodeled, VACANT and all 3 units will be delivered VACANT.  There are so many benefits to this property.  Not only can you set the rents with new tenants, but there is potential to add an additional unit should the new owner decide to do that.  

The exterior of the units have all new paint, and the landscaping has been enhanced.  On the interior, each unit has ben fully upgraded with all new floors, all new kitchen cabinets, recessed lighting throughout, new paint all new furnaces, and so much more!  When you see it, you will notice the attention to detail and quality of upgrades that went into each unit.  

of course the rents make sense for an investor wanting a minimum 5% cap rate on their investment but it also makes for the perfect owner occupied family set up.  The owner can live in the 3 Bedroom while collecting premium rents on the two 1 bedroom units.  Be sure to watch the video and walk through the entire property virtually using the 3D virtual Tour we have provided.

Last Agent to Sell the Property

Maria Palacios

Berkshire Hathaway H.S.C.P. License #01378393 Listed on: 10/14/2021

Berkshire Hathaway H.S.C.P.

Last Buyer's Agent

Amber Ramos

Trends RE Inc. License #02105305

Trends RE Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,907

Year Built

  • Built in 1950

Lot Details

  • 7,420 Sq Ft Lot
  • 1 Common Wall
  • Garden
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage

Home Design

  • Split Level Home
  • Property Attached

Interior Spaces

  • 2,035 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Location

  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 100
  • Tax Tract Number 100
  • Assessor Parcel Number 5236004023
  • $1,559 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Electric Expense $100
  • Fuel Expense $100
  • Insurance Expense $175
  • Trash Expense $50
  • Water Sewer Expense $150
  • Operating Expense $600
  • Gross Income $72,000
  • Net Operating Income $66,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,907

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 325000
  • Property Attached: Yes
  • Water Sewer Expenses: 150.00
  • Zoning: LCR4YY
  • Property Type: Residential Income
  • Parcel Number: 5236004023
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two, Multi/Split
  • Price Per Square Foot: 479.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Garden, Near Public Transit
  • Lot Size Sq Ft: 7420.00
  • Lot Size Acres: 0.1703

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 100.00
  • Fuel Expense: 100.00
  • Gross Income: 72000.00
  • Gross Scheduled Income: 6000.00
  • Insurance Expense: 175.00
  • Lot Size Area: 7420.0000 Square Feet
  • Net Operating Income: 66000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 500.00
  • Rent Control: Yes
  • Total Expenses: 600.00

Tax Info

  • Tax Census Tract: 5312.02
  • Tax Lot: 100
  • Tax Tract Number: 100
  • TaxOtherAnnualAssessmentAmount: 1559.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2021
Closed on
Jan 10, 2022
Sold by
Fernando Aguilera
Bought by
Drieslein Robert Alexander
Seller's Agent
Maria Palacios
Berkshire Hathaway H.S.C.P.
Buyer's Agent
Amber Ramos
Trends RE Inc.
List Price
$975,000
Sold Price
$975,000
Current Estimated Value
$965,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,306
Avg. Annual Appreciation
-0.27%
Original Mortgage
$740,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 18, 2021
Closed on
Aug 9, 2021
Sold by
Izaguirre Joel Peter Mateo
Bought by
Aguilera Mirna
Seller's Agent
Maria Palacios
Berkshire Hathaway H.S.C.P.
Buyer's Agent
Maria Palacios
Berkshire Hathaway H.S.C.P.
List Price
$899,000
Sold Price
$733,000
Premium/Discount to List
-$166,000
-18.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
100.54%
Original Mortgage
$100,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 18, 2021
Closed on
Aug 6, 2021
Sold by
Jaramillo Alberto M
Bought by
Aguilera Fernando and Izaguirre Joel Peter
Seller's Agent
Maria Palacios
Berkshire Hathaway H.S.C.P.
Buyer's Agent
Maria Palacios
Berkshire Hathaway H.S.C.P.
List Price
$899,000
Sold Price
$733,000
Premium/Discount to List
-$166,000
-18.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2018
Sold by
Jaramillo Alberto M and Jaramillo Eloisa A
Bought by
Jaramillo Alberto M and Jaramillo Eloisa A
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
Drieslein Robert Alexander $975,000 Orange Coast Title
Aguilera Mirna -- Orange Coast Ttl Co Of Socal
Izaguirre Joel Peter Mateo -- Orange Coast Ttl Co Of Socal
Aguilera Fernando $733,000 Orange Coast Ttl Co Of Socal
Aguilera Fernando -- Orange Coast Ttl Co Of Socal
Jaramillo Alberto M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drieslein Robert Alexander $5,000,000
Closed Drieslein Robert Alexander $740,000
Previous Owner Aguilera Frnando $100,000
Previous Owner Aguilera Fernando $549,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2022 01/13/22 Sold $975,000 0.0% $479 / Sq Ft
12/16/2021 12/16/21 Pending -- -- --
12/09/2021 12/09/21 For Sale $975,000 0.0% $479 / Sq Ft
11/11/2021 11/11/21 Pending -- -- --
11/03/2021 11/03/21 Price Changed $975,000 -2.0% $479 / Sq Ft
10/14/2021 10/14/21 For Sale $995,000 +35.7% $489 / Sq Ft
08/16/2021 08/16/21 Sold $733,000 -5.4% $360 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
06/30/2021 06/30/21 Price Changed $775,000 -13.8% $381 / Sq Ft
06/18/2021 06/18/21 For Sale $899,000 -- $442 / 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 $13,907 $1,034,677 $689,785 $344,892
2024 $13,907 $1,014,390 $676,260 $338,130
2023 $13,418 $994,500 $663,000 $331,500
2022 $10,015 $733,000 $500,000 $233,000
2021 $1,992 $43,883 $18,314 $25,569
2020 $1,990 $43,434 $18,127 $25,307
2019 $1,961 $42,583 $17,772 $24,811
2018 $1,809 $41,749 $17,424 $24,325
2016 $1,734 $40,131 $16,749 $23,382
2015 $1,717 $39,529 $16,498 $23,031
2014 $1,729 $38,755 $16,175 $22,580
Source: Public Records

Agents Affiliated with this Home

  • Maria Palacios

    Seller's Agent in 2022

    Maria Palacios

    Berkshire Hathaway H.S.C.P.

    (562) 883-1003

    3 in this area

    70 Total Sales

    Section Image

  • A

    Buyer's Agent in 2022

    Amber Ramos

    Trends RE Inc.

    (562) 902-5100

    1 in this area

    8 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21228150

California Regional Multiple Listing Service (CRMLS)

APN: 5236-004-023

California Los Angeles County Los Angeles 90023

638 S Bonnie Beach Place, Los Angeles, CA

This home is located at 638 S Bonnie Beach Place, Los Angeles, CA 90023 since 14 October 2021 and is currently estimated at $965,694, approximately $474 per square foot. This property was built in 1950. 638 S Bonnie Beach Place is a home located in Los Angeles County with nearby schools including Rowan Avenue Elementary School, Amanecer Primary Center, and Robert Louis Stevenson Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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