NOT LISTED FOR SALE

638 S Eastern Ave Los Angeles, CA 90022

Estimated Value: $666,000 - $839,000

4 Beds
3 Baths
1,412 Sq Ft
$511/Sq Ft Est. Value

Last Sold May 24, 2013

Last sale price $312,000 $221 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $4,224/month

12 Days on Market

About This Home

As of May 2013

Great investment opportunity for owner user or investors looking to sit back and collect rent. Front house #638 is currently rented for $1,200 per month. Back unit #640B is rented for $900 per month. Large parking area in the front with space for three cars. Large shared patio area. Priced to sell fast. Exterior was just painted, & all units have smoke detectors per code.

Last Agent to Sell the Property

Jeff Brandolino

Brandolino Group, Inc. License #01259914 Listed on: 02/27/2013

Last Buyer's Agent

ROSIE TREVINO

License #01488081

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 5,789 Sq Ft Lot

Home Design

  • 1,412 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Community Details

  • 3 Units
  • 20-Story Property

Listing and Financial Details

  • Assessor Parcel Number 5236-013-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

5,789 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1412
  • Stories: 20
  • Year Built: 1938
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 208.92

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 3

Lot Info

  • Assessed Improvement Value: 106665
  • Assessed Land Value: 426664
  • Assessor Parcel Number: 5236-013-009
  • Geocode Override: No
  • Lot Size Area: 5789

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 1.00
  • Number Of Units: 3
  • Type Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2013
Closed on
Apr 30, 2013
Sold by
Abem Llc
Bought by
Rivera Alexandra Parra
Seller's Agent
Jeff Brandolino
Brandolino Group, Inc.
Buyer's Agent
ROSIE TREVINO
List Price
$295,000
Sold Price
$312,000
Premium/Discount to List
$17,000
5.76%
Current Estimated Value
$721,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,141
Avg. Annual Appreciation
6.80%
Original Mortgage
$306,348
Outstanding Balance
$214,072
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$507,069

Purchase Details

Closed on
Jan 10, 2013
Sold by
Nationstar Mortgage Llc
Bought by
Abem Llc

Purchase Details

Closed on
Oct 8, 2012
Sold by
Nationstar Mortgage Llc
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Sep 17, 2012
Sold by
Felix Salvador
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jul 17, 2006
Sold by
Martinez Armando
Bought by
Felix Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Martinez Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.75%

Purchase Details

Closed on
Oct 22, 1996
Sold by
Solorzano Joe
Bought by
Home Svgs Of America Fsb

Purchase Details

Closed on
Jan 29, 1996
Sold by
Metor Finance
Bought by
Dora Land

Purchase Details

Closed on
Jan 4, 1996
Sold by
Solorzano Joe
Bought by
Metor Finance
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rivera Alexandra Parra $312,000 Orange Coast Title Company O
Abem Llc $220,500 None Available
Nationstar Mortgage Llc $437,000 Accommodation
Aurora Loan Services Llc $436,634 Accommodation
Felix Salvador $500,000 Fidelity National Title Co
Martinez Armando $135,000 Investors Title Company
Home Svgs Of America Fsb $143,250 Stewart Title
Dora Land -- --
Metor Finance $20,569 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivera Alexandra Parra $306,348
Previous Owner Felix Salvador $400,000
Previous Owner Martinez Armando $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2013 05/24/13 Sold $312,000 +5.8% $221 / Sq Ft
03/11/2013 03/11/13 Pending -- -- --
02/27/2013 02/27/13 For Sale $295,000 -- $209 / Sq Ft
Source: The MLS

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 $6,252 $384,194 $190,865 $193,329
2024 $6,252 $376,662 $187,123 $189,539
2023 $5,902 $369,277 $183,454 $185,823
2022 $5,663 $362,037 $179,857 $182,180
2021 $5,600 $354,939 $176,331 $178,608
2019 $5,450 $344,412 $171,101 $173,311
2018 $5,309 $337,660 $167,747 $169,913
2016 $5,102 $324,550 $161,234 $163,316
2015 $5,030 $319,676 $158,813 $160,863
2014 $5,038 $313,415 $155,703 $157,712
Source: Public Records

Agents Affiliated with this Home

  • Jeff Brandolino

    Seller's Agent in 2013

    Jeff Brandolino

    Brandolino Group, Inc.

    (661) 510-9770

    186 Total Sales

    Jeff Brandolino
    Section Image

  • R

    Buyer's Agent in 2013

    ROSIE TREVINO

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Map

Source: The MLS

MLS Number: 13-654305

The MLS

APN: 5236-013-009

California Los Angeles County Los Angeles 90022

638 S Eastern Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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