NOT LISTED FOR SALE

641 S Gerhart Ave Los Angeles, CA 90022

Estimated Value: $779,000 - $928,693

7 Beds
3 Baths
2,514 Sq Ft
$348/Sq Ft Est. Value

Last Sold February 20, 2014

Last sale price $470,000 $187 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $5,469/month

9 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Carpet
  • Cooling Available
  • West Facing Home
  • Wall Furnace

About This Home

As of February 2014

1-3 bdrm house and -2bdrm units. Please do not disturb tenants:sale subject to inspection. Well located between Whittier and Beverly Blvd. Non-rent control area.

Last Agent to Sell the Property

Dov Sandler

HERITAGE BROKERS License #00418138 Listed on: 01/27/2014

Last Buyer's Agent

Jack Chang

ReMax 2000 Realty License #01825984

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,391

Year Built

  • Built in 1927

Lot Details

  • 6,731 Sq Ft Lot
  • No Common Walls
  • West Facing Home

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Composition Roof

Interior Spaces

  • 2,514 Sq Ft Home
  • 2-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Doors are 32 inches wide or more

Utilities

  • Cooling Available
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 563
  • Tax Tract Number 5445
  • Assessor Parcel Number 6342026031

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Trash Expense $960
  • Water Sewer Expense $2,400
  • New Taxes Expense $4,500
  • Gross Income $3,600
  • Net Operating Income $10,195

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,391

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: 323-7283333
  • Price Per Unit: 156333
  • Property Attached: No
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LCR305
  • Property Type: Residential Income
  • Parcel Number: 6342026031
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Accessibility Features: 32 Inch Or More Wide Doors
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 186.95

Exterior Features

  • Direction Faces: West
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size: 6,743 sf
  • Lot Size Sq Ft: 6731.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 700
  • Average3 Bed Area: 1050
  • Gross Income: 3600.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 6731.0000 Square Feet
  • Net Operating Income: 10195.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Carpet: 3
  • Operating Expense: 10195.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Area: 6-457
  • Tax Lot: 563
  • Tax Tract Number: 5445
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2020
Sold by
Chang Jack and Lee Jennifer
Bought by
Lee Jennifer and Chang Jack
Current Estimated Value
$875,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,800
Outstanding Balance
$271,847
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$627,654

Purchase Details

Closed on
Jun 19, 2015
Sold by
Chang Jack
Bought by
Chang Jack and Jack Chang Family Trust

Purchase Details

Closed on
Feb 26, 2015
Sold by
Chang Jack and Lee Jennifer
Bought by
Chang Jack and Lee Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2014
Sold by
Lee Jennifer
Bought by
Lee Jennifer and Jennifer Lee 2014 Revocable Tr

Purchase Details

Listed on
Jan 27, 2014
Closed on
Feb 7, 2014
Sold by
Lopez Robert M and Lillian Marie Lujan Living Tru
Bought by
Chang Jack and Lee Jennifer
Seller's Agent
Dov Sandler
HERITAGE BROKERS
Buyer's Agent
Jack Chang
ReMax 2000 Realty
List Price
$469,000
Sold Price
$470,000
Premium/Discount to List
$1,000
0.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%
Original Mortgage
$352,500
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2007
Sold by
Lujan Lillian Marie and Lopez Lillian
Bought by
Lujan Lillian Marie and The Lillian Marie Lujan Living
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lee Jennifer -- Accommodation
Chang Jack -- Equity Title Company
Chang Jack -- Accommodation
Lee Jennifer -- Accommodation
Chang Jack -- Equity Title Company
Lee Jennifer -- None Available
Chang Jack $470,000 Wfg
Lujan Lillian Marie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chang Jack $304,800
Closed Chang Jack $349,000
Previous Owner Chang Jack $352,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2014 02/20/14 Sold $470,000 +0.2% $187 / Sq Ft
02/05/2014 02/05/14 Pending -- -- --
01/27/2014 01/27/14 For Sale $469,000 -- $187 / 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 $8,391 $576,147 $367,754 $208,393
2024 $8,391 $564,851 $360,544 $204,307
2023 $8,142 $553,776 $353,475 $200,301
2022 $7,887 $542,919 $346,545 $196,374
2021 $7,636 $532,274 $339,750 $192,524
2020 $7,585 $526,817 $336,267 $190,550
2019 $7,370 $516,488 $329,674 $186,814
2018 $7,448 $506,361 $323,210 $183,151
2016 $7,140 $486,700 $310,660 $176,040
2015 $6,755 $479,390 $305,994 $173,396
2014 $5,346 $351,589 $200,908 $150,681
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB14018990

California Regional Multiple Listing Service (CRMLS)

APN: 6342-026-031