NOT LISTED FOR SALE

647 S Bonnie Beach Place Los Angeles, CA 90023

Estimated Value: $645,000 - $1,033,000

5 Beds
4 Baths
2,448 Sq Ft
$364/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $810,000 $331 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,850/month

14 Days on Market

Highlights

  • Gated Parking
  • City Lights View
  • Private Yard
  • James A. Garfield Senior High School Rated A
  • Contemporary Architecture
  • 2 Car Direct Access Garage

About This Home

As of October 2021

3 Units For Sale. Front house features 3 bedroom 2 baths, includes central air and heating. In the back of the property you'll find a duplex with 1 bedroom 1 bath each. One of the 1 bedroom 1 bath is vacant. The units are hard to come by, this is a great opportunity to own multi-family in East Los Angeles, border line to Boyle Heights. The property is located conveniently for easy access to 5 freeway, 60 freeway and the 101. The property located minutes from Downtown Los Angeles, Cal State LA University, ELAC, shopping, transportation and dining.

Last Agent to Sell the Property

Jesse Garcia

REALTY WORLD CALIFORNIA AGENTS License #01260007 Listed on: 09/09/2021

Last Buyer's Agent

DAVID SCHEFRES

Better Homes and Gardens Real Estate License #01984846

Better Homes and Gardens Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,930

Year Built

  • Built in 1959

Lot Details

  • 7,961 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Wood Fence
  • Fence is in average condition
  • Private Yard
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Two Garage Doors
  • Driveway
  • Gated Parking

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Partial Copper Plumbing
  • Plaster
  • Stucco

Interior Spaces

  • 2,448 Sq Ft Home
  • Drapes & Rods

Kitchen

  • Gas Range
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Security Lights
  • Carbon Monoxide Detectors

Accessible Home Design

  • Halls are 36 inches wide or more

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 116
  • Assessor Parcel Number 5238017010
  • $1,613 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,400
  • Water Sewer Expense $2,640
  • Operating Expense $4,040
  • Net Operating Income $60,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,930

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 261667
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Security Lights
  • View: Yes
  • Water Sewer Expenses: 2640.00
  • Zoning: LCR4*
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 5238017010
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial, Tile Counters
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: 36 Inch Or More Wide Halls
  • Appliances: Yes
  • Price Per Square Foot: 330.88
  • Window Features: Drapes

Exterior Features

  • Foundation: Raised, Slab
  • Exterior Features: Lighting, Rain Gutters
  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Construction Materials: Plaster, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Garage - Two Door, Gated
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Gas Water Heater, Water Heater
  • Electric: Standard
  • Heating Type: Central, Natural Gas, Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 7961.00
  • Lot Size Acres: 0.1828

Rental Info

  • Tenant Pays: None

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average3 Bed Area: 1448 Square Feet
  • Gross Scheduled Income: 64200.00
  • Insurance Expense: 1400.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7961.0000 Square Feet
  • Net Operating Income: 60160.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Operating Expense: 4040.00
  • Rent Control: No
  • Total Expenses: 4040.00

Tax Info

  • Tax Census Tract: 5312.02
  • Tax Lot: 116
  • TaxOtherAnnualAssessmentAmount: 1613.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2021
Closed on
Oct 12, 2021
Sold by
Chu Elizabeth
Bought by
Chu Jin
Seller's Agent
Jesse Garcia
REALTY WORLD CALIFORNIA AGENTS
Buyer's Agent
DAVID SCHEFRES
Better Homes and Gardens Real Estate
List Price
$785,000
Sold Price
$810,000
Premium/Discount to List
$25,000
3.18%
Current Estimated Value
$891,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,168
Avg. Annual Appreciation
3.88%

Purchase Details

Listed on
Sep 9, 2021
Closed on
Sep 28, 2021
Sold by
Barnuevo Giuliano and Barnuevo Maribel Castro
Bought by
Chu Ma Suh and Chu Woo Yeun
Seller's Agent
Jesse Garcia
REALTY WORLD CALIFORNIA AGENTS
Buyer's Agent
DAVID SCHEFRES
Better Homes and Gardens Real Estate
List Price
$785,000
Sold Price
$810,000
Premium/Discount to List
$25,000
3.18%

Purchase Details

Closed on
Sep 4, 2018
Sold by
Barnuevo Giuliano
Bought by
Castro Barnuevo Giuliano and Castro Barnuevo Maribel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 31, 2014
Closed on
Dec 11, 2014
Sold by
Sanchez Robert L and The Grace Sanchez Family Livin
Bought by
Barnuevo Guliano
Seller's Agent
Bob Archuleta
REALTY WORLD CALIFORNIA PROPERTIES
Buyer's Agent
Bob Archuleta
REALTY WORLD CALIFORNIA PROPERTIES
List Price
$470,900
Sold Price
$468,000
Premium/Discount to List
-$2,900
-0.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%
Original Mortgage
$300,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 31, 2014
Closed on
Dec 10, 2014
Sold by
Barnuevo Maribel C
Bought by
Barnuevo Giuliano
Seller's Agent
Bob Archuleta
REALTY WORLD CALIFORNIA PROPERTIES
Buyer's Agent
Bob Archuleta
REALTY WORLD CALIFORNIA PROPERTIES
List Price
$470,900
Sold Price
$468,000
Premium/Discount to List
-$2,900
-0.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 24, 1998
Sold by
Sanchez Grace
Bought by
Sanchez Grace and The Grace Sanchez Family Livin
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
Chu Jin -- Lawyers Title Company
Chu Ma Suh $810,000 Lawyers Title Company
Castro Barnuevo Giuliano -- Lawyers Title Company
Barnuevo Guliano $468,000 Old Republic Title Company
Barnuevo Giuliano -- Old Republic Title Company
Sanchez Grace -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castro Barnuevo Giuliano $350,000
Previous Owner Sanchez Ramon R $300,000
Previous Owner Barnuevo Guliano $300,000
Previous Owner Barnuevo Giuliano $327,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $810,000 0.0% $331 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
09/22/2021 09/22/21 Off Market $810,000 -- --
09/09/2021 09/09/21 For Sale $785,000 +67.7% $321 / Sq Ft
12/19/2014 12/19/14 Sold $468,000 -0.6% $325 / Sq Ft
08/27/2014 08/27/14 Pending -- -- --
07/31/2014 07/31/14 For Sale $470,900 -- $327 / 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 $11,930 $859,578 $530,604 $328,974
2024 $11,930 $842,724 $520,200 $322,524
2023 $11,479 $826,200 $510,000 $316,200
2022 $10,958 $810,000 $500,000 $310,000
2021 $7,649 $519,624 $299,783 $219,841
2020 $7,701 $514,297 $296,710 $217,587
2019 $7,434 $504,214 $290,893 $213,321
2018 $7,230 $494,329 $285,190 $209,139
2017 $7,097 $484,638 $279,599 $205,039
2016 $6,933 $475,136 $274,117 $201,019
2015 $6,832 $468,000 $270,000 $198,000
2014 $2,007 $60,042 $20,376 $39,666
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB21199730

California Regional Multiple Listing Service (CRMLS)

APN: 5238-017-010