Seller's Agent in 2024
Pierre Maajoun
RE/MAX
(626) 502-7653
1 in this area
109 Total Sales
677 S Kern Ave Los Angeles, CA 90022
2
Beds
1
Bath
884
Sq Ft
5,509
Sq Ft Lot
Highlights
- Corner Lot
- No HOA
- Cooling System Mounted To A Wall/Window
- James A. Garfield Senior High School Rated A
- Neighborhood Views
- Living Room
About This Home
As of October 2024BACK ON THE MARKET! INCREDIBLE INVESTMENT OPPORTUNITY IN EAST LOS ANGELES! ZONED R3 WITH ADDITIONAL UNIT POTENTIAL! Welcome to this 2-bedroom, 1-bathroom home built in 1923, ideally situated on a corner lot in the heart of East Los Angeles. The property boasts a generously-sized lot with multiple entrances and a detached garage at the back. Investors, take note of the fantastic R3 zoning, offering the possibility to add more units to the property. Verify the potential use and zoning with the city/county to unlock its full potential. Though the property requires some tender loving care (TLC), its abundant potential makes it a true diamond in the rough. The location is highly desirable, providing easy access to major freeways, proximity to Downtown Los Angeles, the convenience of being near East L.A. College, shopping centers, parks, restaurants, and public transportation options. Additionally, the nearby Metro Train Station makes it easy to explore the city. Take advantage of the potential this property holds and turn it into a lucrative investment in one of Los Angeles's most promising communities. Act quickly as opportunities like this are rare!
Last Agent to Sell the Property
RE/MAX MASTERS REALTY License #01860061 Listed on: 08/04/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,364
Year Built
- Built in 1923
Lot Details
- 5,509 Sq Ft Lot
- Corner Lot
- Front Yard
- Property is zoned LCR3*
Parking
- 2 Car Garage
- Parking Available
- Single Garage Door
- Driveway
Home Design
- Entry on the 1st floor
Interior Spaces
- 884 Sq Ft Home
- 1-Story Property
- Living Room
- Neighborhood Views
- Gas Cooktop
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
- Walk-in Shower
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 8 / 10
- Tax Tract Number 4074
- Assessor Parcel Number 5240001032
- $510 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 4, 2023
Closed on
Sep 10, 2024
Sold by
Li Arturo and Li Amalia
Bought by
Arturo Valencia Living Trust and Medina
Seller's Agent
Pierre Maajoun
RE/MAX MASTERS REALTY
Buyer's Agent
Wendy Miranda
Keller Williams SELA
List Price
$574,900
Sold Price
$640,000
Premium/Discount to List
$65,100
11.32%
Views
724
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,951
Avg. Annual Appreciation
3.46%
Original Mortgage
$628,408
Outstanding Balance
$622,576
Interest Rate
6.49%
Mortgage Type
FHA
Estimated Equity
$38,887
Purchase Details
Listed on
Aug 4, 2023
Closed on
Sep 6, 2024
Sold by
Arturo Valencia Living Trust and Medina Gloria V
Bought by
Aguilera Carlos Barajas
Seller's Agent
Pierre Maajoun
RE/MAX MASTERS REALTY
Buyer's Agent
Wendy Miranda
Keller Williams SELA
List Price
$574,900
Sold Price
$640,000
Premium/Discount to List
$65,100
11.32%
Views
724
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,408
Outstanding Balance
$622,576
Interest Rate
6.49%
Mortgage Type
FHA
Estimated Equity
$38,887
Purchase Details
Closed on
Dec 6, 2017
Sold by
Valencia Arturo
Bought by
The Arturo Valenica Living Trust
Purchase Details
Closed on
Mar 17, 2007
Sold by
Valencia Arturo and Valencia Amalia F
Bought by
The Arturo & Amalia F Valencia Living Tr
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Wfg National Title | |
| Grant Deed | $640,000 | Wfg National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $628,408 | FHA | |
| Previous Owner | $92,300 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/01/2024 10/01/24 | Sold | $640,000 | 0.0% | $724 / Sq Ft |
| 09/04/2024 09/04/24 | Off Market | $640,000 | -- | -- |
| 08/25/2024 08/25/24 | Pending | -- | -- | -- |
| 08/20/2024 08/20/24 | For Sale | $574,900 | -10.2% | $650 / Sq Ft |
| 11/11/2023 11/11/23 | Off Market | $640,000 | -- | -- |
| 10/06/2023 10/06/23 | Price Changed | $574,900 | -15.4% | $650 / Sq Ft |
| 08/25/2023 08/25/23 | Price Changed | $679,900 | +13.3% | $769 / Sq Ft |
| 08/04/2023 08/04/23 | For Sale | $599,900 | -- | $679 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $1,364 | $640,000 | $440,000 | $200,000 |
| 2024 | $1,364 | $55,848 | $34,623 | $21,225 |
| 2023 | $1,345 | $54,754 | $33,945 | $20,809 |
| 2022 | $1,303 | $53,681 | $33,280 | $20,401 |
| 2021 | $1,283 | $52,629 | $32,628 | $20,001 |
| 2019 | $1,244 | $51,069 | $31,661 | $19,408 |
| 2018 | $1,145 | $50,069 | $31,041 | $19,028 |
| 2017 | $1,123 | $49,088 | $30,433 | $18,655 |
| 2016 | $1,091 | $48,127 | $29,837 | $18,290 |
| 2015 | $1,076 | $47,405 | $29,389 | $18,016 |
| 2014 | $1,079 | $46,478 | $28,814 | $17,664 |
Source: Public Records
Agents Affiliated with this Home
-
Pierre Maajoun
-
JOHN MALINOSKI
J
Seller Co-Listing Agent in 2024
JOHN MALINOSKI
RE/MAX
(909) 445-8100
1 in this area
75 Total Sales
-
Wendy Miranda
W
Buyer's Agent in 2024
Wendy Miranda
Keller Williams SELA
(213) 949-4457
4 in this area
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23139711
APN: 5240-001-032
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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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