$1,205,000
SOLD AUG 27, 2024

6563 Southside Dr Los Angeles, CA 90022

4 Beds
4 Baths
1,864 Sq Ft
4,917 Sq Ft Lot

Recently Sold

$646 Per Sq Ft

7% Above List Price

46 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Double Pane Windows
  • Lawn
  • Neighborhood Views
  • Laundry Room

About This Home

As of August 2024

Apartment building on Southside Dr in East Los Angeles and on the boarder of Montebello, featuring 4 units, each have 1 bed, and 1 bath at 466 sqft living area, and the lot is 4,917 sqft and has a wrought iron gate around the units - , 3 units are totally Remodeled with new updated kitchens, cabinets, garbage disposals, interior paint, flooring, electrical, plumbing, new restrooms, shower, toilets, new light fixtures, these units have recently been painted on the exterior and have new double pane windows throughout, new hand rails, staircase is redone and painted, each unit has a 1 car garage, nice grass yard for family. the building features 2 utility rooms so you can set up a laundry room and make extra income, the county has upgraded the island in front of the building with exercise equipment and a nice walk way for you to get some steps in and exercise path for you and your family, 1 unit is not remodeled but has new double pane windows and the exterior is updated.

Last Agent to Sell the Property

Matilda Jimenez

LA Gold Realty Inc. Brokerage Phone: 626-333-9777 License #01226561 Listed on: 05/16/2024

Co-Listed By

Valerie Olvera

LA Gold Realty Inc. Brokerage Phone: 626-333-9777 License #02148722

Last Buyer's Agent

Jared Nunez

Ambiance Realty License #01961731

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,448

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • 4,917 Sq Ft Lot
  • Two or More Common Walls
  • South Facing Home
  • Wrought Iron Fence
  • Corner Lot
  • Level Lot
  • Lawn
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Turnkey
  • Raised Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,864 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Laminate Flooring
  • Neighborhood Views
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 510 / 510
  • Tax Tract Number 8649
  • Assessor Parcel Number 6351016020
  • $1,946 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 1 Leased Unit
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,300
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • Operating Expense $3,600
  • Gross Income $88,890
  • Net Operating Income $76,890

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,448

Year Built

Built in 1953 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Price Per Unit: 282250
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LCR3YY
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6351016020
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 646.46
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • Exterior Features: Lighting
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property, Standard
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Lawn, Level with Street
  • Lot Size: 4917
  • Lot Size Sq Ft: 4917.00
  • Lot Size Acres: 0.1129

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 88890.00
  • Gross Scheduled Income: 88890.00
  • Insurance Expense: 2300.00
  • Lot Size Area: 4917.0000 Square Feet
  • Net Operating Income: 76890.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Operating Expense: 12000.00
  • Rent Control: No
  • Total Actual Rent: 1400.00
  • Total Expenses: 3600.00

Tax Info

  • Tax Block: 510
  • Tax Census Tract: 5319.02
  • Tax Lot: 510
  • Tax Tract Number: 8649
  • TaxOtherAnnualAssessmentAmount: 1946.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2024
Sold by
All Cash Baby Llc
Bought by
Valenzuela Cristina Danielle
Current Estimated Value
$1,226,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$855,000
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2021
Sold by
Paredes Miguel
Bought by
All Cash Baby Llc

Purchase Details

Closed on
Jun 10, 2021
Sold by
All Cash By Llc
Bought by
Paredes Miguel

Purchase Details

Listed on
Jan 9, 2021
Closed on
Mar 2, 2021
Sold by
Hernandez Carlos
Bought by
All Cash Baby Llc
Seller's Agent
Diana Hernandez
T.N.G. Real Estate Consultants
Buyer's Agent
Matilda Jimenez
LA Gold Realty Inc.
List Price
$749,000
Sold Price
$749,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.98%
Original Mortgage
$750,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 26, 2015
Closed on
Apr 21, 2016
Sold by
Hernandez Christina
Bought by
Hernandez Carlos
Seller's Agent
TERESITA UMALI
GMS REALTY
Buyer's Agent
TERESITA UMALI
GMS REALTY
List Price
$595,000
Sold Price
$485,000
Premium/Discount to List
-$110,000
-18.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%
Original Mortgage
$339,500
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 26, 2015
Closed on
Mar 10, 2016
Sold by
Cunanan Maria Zenaida F and The Alfonso V Reynoso & Maria
Bought by
Hernandez Carlos
Seller's Agent
TERESITA UMALI
GMS REALTY
Buyer's Agent
TERESITA UMALI
GMS REALTY
List Price
$595,000
Sold Price
$485,000
Premium/Discount to List
-$110,000
-18.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,500
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2006
Sold by
Reynoso Alfonso V and Reynoso Maria C
Bought by
Reynoso Alfonso V and Reynoso Maria C F
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,205,000 Fidelity National Title
Grant Deed -- Lawyers Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Quit Claim Deed -- Accommodation
Grant Deed $749,000 Clear Mark Title
Interfamily Deed Transfer -- Provident Title
Grant Deed $485,000 Provident Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $855,000 New Conventional
Previous Owner $750,000 Commercial
Previous Owner $339,500 New Conventional
Previous Owner $100,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2024 08/27/24 Sold $1,205,000 +6.7% $646 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $1,129,000 +50.7% $606 / Sq Ft
03/23/2021 03/23/21 Sold $749,000 0.0% $402 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
01/09/2021 01/09/21 For Sale $749,000 +54.4% $402 / Sq Ft
04/22/2016 04/22/16 Sold $485,000 -18.5% $260 / Sq Ft
03/07/2016 03/07/16 Pending -- -- --
04/15/2015 04/15/15 For Sale $595,000 -- $319 / 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
2024 $11,448 $794,843 $476,481 $318,362
2023 $11,119 $779,259 $467,139 $312,120
2022 $10,765 $763,980 $457,980 $306,000
2021 $7,940 $530,415 $318,250 $212,165
2020 $7,890 $525,477 $314,987 $210,490
2019 $7,674 $515,184 $308,811 $206,373
2018 $7,805 $505,093 $302,756 $202,337
2016 $2,510 $64,148 $21,924 $42,224
2015 $2,447 $63,185 $21,595 $41,590
2014 $2,399 $61,948 $21,172 $40,776
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24097929

California Regional Multiple Listing Service (CRMLS)

APN: 6351-016-020