NOT LISTED FOR SALE

640 E 87th St Los Angeles, CA 90003

Green Meadows Neighborhood

Estimated Value: $794,000 - $897,089

6 Beds
4 Baths
1,956 Sq Ft
$441/Sq Ft Est. Value

Last Sold June 02, 2022

Last sale price $770,000 $394 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,555/month

84 Days on Market

About This Home

As of June 2022

FHA BUYERS ARE WELCOME, BACK IN THE MARKET, SUBJECT TO CANCELLATION OF PREVIEWS ESCROW.
NEW MAJOR PRICE REDUCTION, ONE STORY DEPLEX WITH 3 BEDROOMS 2 BATH EACH UNIT, LAMINATED FLOORS ALL TROUGHT THE HOUSE, INSIDE LAUNDRY HOOKUPS FOR WASHER AND DRYER, PROPERTY IS IN GOOD CONDITION, NICE FRONT YARD AND PLENTY OF PARKING IN THE BACK, INCLUDES 2 CAR GARAGE AND CARPORT, PROPERTY HAS SEPARATE METERS FOR GAS ELECTRIC AND WATER METER ALL SEPARATE, LANDLORD PAYS FOR PROPERTY TAX AND INSURANCE ONLY, TENATS PAYING FOR ALL SERVICES, CONVENIENT LOCATION CLOSE TO FREWAYS AND MINUTES AWAY TO DTLA. PROPERTY WILL DELIVERED WITH ONE TENANT IN PLACE.

Last Agent to Sell the Property

Daniel Diaz

First Family Homes License #01148097 Listed on: 02/03/2022

Last Buyer's Agent

Daniel Diaz

First Family Homes License #01148097 Listed on: 02/03/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,234

Year Built

  • Built in 2004

Lot Details

  • 5,604 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 1,956 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 77
  • Tax Tract Number 1977
  • Assessor Parcel Number 6042004067
  • $588 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $48,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,234

Year Built

Built in 2004

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 387500
  • Property Attached: Yes
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6042004067
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 393.66

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5604.00
  • Lot Size Acres: 0.1287

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 48000.00
  • Gross Scheduled Income: 48000.00
  • Lot Size Area: 5604.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 2400.10
  • Tax Lot: 77
  • Tax Tract Number: 1977
  • TaxOtherAnnualAssessmentAmount: 588.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2022
Closed on
Jun 2, 2022
Sold by
Yan Zhang Xiao
Bought by
Farrow Johnathan R
Seller's Agent
Daniel Diaz
First Family Homes
Buyer's Agent
Daniel Diaz
First Family Homes
List Price
$775,000
Sold Price
$770,000
Premium/Discount to List
-$5,000
-0.65%
Current Estimated Value
$863,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,022
Avg. Annual Appreciation
2.05%
Original Mortgage
$756,053
Outstanding Balance
$719,423
Interest Rate
5.11%
Mortgage Type
FHA
Estimated Equity
$102,887

Purchase Details

Listed on
Feb 3, 2022
Closed on
May 31, 2022
Sold by
Farrow Jonathan R
Bought by
Shaw Alyssa
Seller's Agent
Daniel Diaz
First Family Homes
Buyer's Agent
Daniel Diaz
First Family Homes
List Price
$775,000
Sold Price
$770,000
Premium/Discount to List
-$5,000
-0.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$756,053
Outstanding Balance
$719,423
Interest Rate
5.11%
Mortgage Type
FHA
Estimated Equity
$102,887

Purchase Details

Listed on
Feb 3, 2022
Closed on
May 26, 2022
Sold by
Zhang Xiao Yan
Bought by
Farrow Johnathan R
Seller's Agent
Daniel Diaz
First Family Homes
Buyer's Agent
Daniel Diaz
First Family Homes
List Price
$775,000
Sold Price
$770,000
Premium/Discount to List
-$5,000
-0.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$756,053
Outstanding Balance
$719,423
Interest Rate
5.11%
Mortgage Type
FHA
Estimated Equity
$102,887

Purchase Details

Closed on
Aug 23, 2016
Sold by
Farrow Jonathan R and Michaud Anne
Bought by
Farrow Jonathan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2004
Sold by
Kelly Jacquelyne D
Bought by
Diamond Properties/Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
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
Farrow Johnathan R -- Ticor Title
Shaw Alyssa $770,000 Ticor Title
Farrow Johnathan R -- Ticor Title
Farrow Jonathan R -- Ticor Title Company Of Ca
Diamond Properties/Development Inc $150,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaw Alyssa $756,053
Previous Owner Farrow Jonathan R $155,000
Previous Owner Diamond Properties/Development Inc $151,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2022 06/02/22 Sold $770,000 -0.6% $394 / Sq Ft
04/28/2022 04/28/22 Pending -- -- --
04/23/2022 04/23/22 For Sale $775,000 0.0% $396 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
03/17/2022 03/17/22 Price Changed $775,000 -3.0% $396 / Sq Ft
03/01/2022 03/01/22 Price Changed $799,000 -6.0% $408 / Sq Ft
02/03/2022 02/03/22 For Sale $850,000 -- $435 / 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 $10,234 $817,130 $530,604 $286,526
2024 $10,234 $801,108 $520,200 $280,908
2023 $10,040 $785,400 $510,000 $275,400
2022 $5,149 $389,446 $235,582 $153,864
2021 $5,078 $381,811 $230,963 $150,848
2019 $4,932 $370,488 $224,113 $146,375
2018 $4,808 $363,224 $219,719 $143,505
2017 $4,703 $356,103 $215,411 $140,692
2016 $4,580 $349,122 $211,188 $137,934
2015 $4,512 $343,879 $208,016 $135,863
2014 $4,531 $337,144 $203,942 $133,202
Source: Public Records

Agents Affiliated with this Home

  • Daniel Diaz

    Seller's Agent in 2022

    Daniel Diaz

    First Family Homes

    (562) 843-4887

    1 in this area

    23 Total Sales

    Daniel Diaz
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22022271

California Regional Multiple Listing Service (CRMLS)

APN: 6042-004-067

California Los Angeles County Los Angeles 90002 Green Meadows

640 E 87th St, Los Angeles, CA

This home is located at 640 E 87th St, Los Angeles, CA 90003 since 03 February 2022 and is currently estimated at $863,022, approximately $441 per square foot. This property was built in 2004. 640 E 87th St is a home located in Los Angeles County with nearby schools including South Park Elementary School, Charles Drew Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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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