NOT LISTED FOR SALE

6648 E Olympic Blvd Unit 2 Los Angeles, CA 90022

Estimated Value: $615,000 - $789,000

2 Beds
2 Baths
1,140 Sq Ft
$617/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $407,000 $357 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $4,278/month

38 Days on Market

Highlights

  • Property is near a park
  • Front Yard
  • 1-Story Property
  • No HOA

About This Home

As of June 2017

Well maintained duplex in the better part of East Los Angeles (Montebello adjacent). Each unit contains 1 bedroom & 1 bathroom. Tenants enjoy their own indoor laundry room as well as their own one car garage. Front unit has newer upgraded flooring, while the rear unit has it's own private patio with direct access to garage.

This could be the perfect investment starter. With location close to shopping plazas & transportation hubs, and with convenient amenities, you could live in one unit and rent the other.

You don't want to miss this opportunity.

Last Agent to Sell the Property

Gabriel Reyes

24 Hour Real Estate License #00981163 Listed on: 03/24/2017

Last Buyer's Agent

Gabriel Reyes

24 Hour Real Estate License #00981163 Listed on: 03/24/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,615

Year Built

  • Built in 1952

Lot Details

  • 2,517 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,140 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Property is near a park
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 128
  • Tax Tract Number 10083
  • Assessor Parcel Number 6351008011

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $24,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,615

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 212450
  • Property Attached: Yes
  • Zoning: LCR3YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6351008011
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 357.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Park Nearby
  • Lot Size Sq Ft: 2517.00

Multi Family

  • Gross Income: 24120.00
  • Gross Scheduled Income: 24120.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5319.02
  • Tax Lot: 128
  • Tax Tract Number: 10083

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2018
Sold by
Ruiz Fidel L
Bought by
Ruiz Fidel L and The Fidel L Ruiz Living Trust
Current Estimated Value
$702,962

Purchase Details

Listed on
Mar 24, 2017
Closed on
May 1, 2017
Sold by
Duenas Angel B
Bought by
Ruiz Fidel L
Seller's Agent
Gabriel Reyes
24 Hour Real Estate
Buyer's Agent
Gabriel Reyes
24 Hour Real Estate
List Price
$424,900
Sold Price
$407,000
Premium/Discount to List
-$17,900
-4.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%
Original Mortgage
$305,250
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2015
Sold by
Duenas Angel B
Bought by
Duenas Angel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,500
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 26, 2012
Sold by
Spillone Joseph M and Spillone Marietta H
Bought by
Duenas Angel B and Duenas Marcelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,109
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 28, 2005
Sold by
Spillone Joseph M and Spillone Marietta H
Bought by
Spillone Joseph M

Purchase Details

Closed on
Sep 14, 2004
Sold by
Superior Residential & Investment Real E
Bought by
Spillone Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2003
Sold by
Gayl Robert C and Gayl David H
Bought by
Superior Residential & Investment Real E
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ruiz Fidel L -- None Available
Ruiz Fidel L $407,000 Old Republic Title Company
Duenas Angel B -- Old Republic Title Company
Duenas Angel B $270,000 Lawyers Title Company
Spillone Joseph M -- --
Spillone Joseph M -- Southland Title
Superior Residential & Investment Real E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ruiz Fidel L $305,250
Previous Owner Duenas Angel B $263,500
Previous Owner Duenas Angel B $265,109
Previous Owner Spillone Joseph M $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2017 06/30/17 Sold $407,000 -4.2% $357 / Sq Ft
05/01/2017 05/01/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $424,900 -- $373 / 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 $6,615 $472,352 $309,872 $162,480
2024 $6,615 $463,092 $303,797 $159,295
2023 $6,451 $454,013 $297,841 $156,172
2022 $6,243 $445,111 $292,001 $153,110
2021 $6,045 $436,384 $286,276 $150,108
2019 $5,828 $423,442 $277,786 $145,656
2018 $5,945 $415,140 $272,340 $142,800
2016 $4,495 $296,778 $185,243 $111,535
2015 $4,083 $276,643 $204,922 $71,721
2014 $3,988 $271,225 $200,908 $70,317
Source: Public Records

Agents Affiliated with this Home

  • Gabriel Reyes

    Seller's Agent in 2017

    Gabriel Reyes

    24 Hour Real Estate

    (562) 861-7257

    1 in this area

    24 Total Sales

    Gabriel Reyes
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17051277

California Regional Multiple Listing Service (CRMLS)

APN: 6351-008-011

California Los Angeles County Los Angeles 90022

6648 E Olympic Blvd Unit 2, Los Angeles, CA

This home is located at 6648 E Olympic Blvd Unit 2, Los Angeles, CA 90022 since 24 March 2017 and is currently estimated at $702,962, approximately $616 per square foot. This property was built in 1952. 6648 E Olympic Blvd Unit 2 is a home located in Los Angeles County with nearby schools including Washington Elementary School, Montebello Intermediate School, and Montebello High School.

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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