NOT LISTED FOR SALE

651 S Mathews St Los Angeles, CA 90023

6 Beds
5 Baths
2,928 Sq Ft
6,795 Sq Ft Lot

Last Sold June 19, 2013

Last sale price $520,000 $178 Per Sq Ft

12 Days on Market

Highlights

  • No HOA
  • Felicitas and Gonzalo Mendez High Rated A-
  • 1-Story Property

About This Home

As of June 2013

Very nice investment opportunity!! Five separate houses on a lot.. Two bedroom house in rear with four 1 bedroom houses in front.. Two 2 Car garages on Inez side of the street.. Freshly painted exterior of homes.. One bedroom houses are similar consisting of one bedroom, living room, bathroom, kitchen, eating area in kitchen, small laundry room.. Two bedroom also has eating area in kitchen plus laundry room..

Last Agent to Sell the Property

Jaime Enriquez

Real Estate Executives Secure Properties License #00950579 Listed on: 05/09/2013

Last Buyer's Agent

Bana Haffar Mendoza

Adaptive Realty, Inc. License #01924472

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 6,795 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • No Driveway

Interior Spaces

  • 2,928 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 10 / B
  • Tax Tract Number 4887
  • Assessor Parcel Number 5185027023

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Insurance Expense $1,800
  • Water Sewer Expense $3,600
  • New Taxes Expense $6,348
  • Gross Income $4,700
  • Net Operating Income $47,310

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Parking

4

Listing Details

  • CapRate: 8.90
  • Property Attached: No
  • Water Sewer Expenses: 3600.00
  • Property Type: Residential Income
  • Parcel Number: 5185027023
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 177.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: No Driveway

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6795.00
  • Lot Size Acres: 0.1560

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 550
  • Average2 Bed Area: 728
  • Electric Expense: 1800.00
  • Gross Income: 4700.00
  • Gross Multiplier: 9.40
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6795.0000 Square Feet
  • Net Operating Income: 47310.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 6270.00
  • Rent Control: Yes
  • Total Actual Rent: 4700.00
  • Vacancy Allowance: 2820

Tax Info

  • New Taxes Expense: 6348.00
  • Tax Block: B
  • Tax Lot: 10
  • Tax Tract Number: 4887
  • Tax Year: 2012

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2013 06/19/13 Sold $520,000 -1.7% $178 / Sq Ft
05/21/2013 05/21/13 Pending -- -- --
05/09/2013 05/09/13 For Sale $529,000 -- $181 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jaime Enriquez

    Real Estate Executives Secure Properties

    (562) 569-3224

    2 Total Sales

    Jaime Enriquez
    Section Image

  • B

    Buyer's Agent in 2013

    Bana Haffar Mendoza

    Adaptive Realty, Inc.

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW13085782

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90023

651 S Mathews St, Los Angeles, CA

This home is located at 651 S Mathews St, Los Angeles, CA 90023 since 09 May 2013. This property was built in 1926. 651 S Mathews St is a home located in Los Angeles County with nearby schools including Soto Street Elementary School, Hollenbeck Middle School, and Theodore Roosevelt High School.

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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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