NOT LISTED FOR SALE
2 Beds
2 Baths
2,453 Sq Ft
7,485 Sq Ft Lot

Sale Details

Date Sold: May 17, 2019

Last sale price $730,000 $298 Per Sq Ft

84 Days on Market

Highlights

  • Tile Flooring
  • Chain Link Fence
  • Wall Furnace

About This Home

As of May 2019

Attention Investors and Developers! Rare opportunity!!!! The subject property is a six-unit apartment complex built in 1948 and located between E.Gage Ave and Florence Ave a submarket of Los Angeles. This fully-occupied property boasts 6, 1 bedroom, 1 bathroom units. 2 Buildings one has 4 units and one has 2 units. Each well maintained unit is individually metered for gas and electricity. The 6-Unit buildings spans 2,453 square feet and is situated on a 7,485 square foot lot. This property is a great value with excellent market appreciation in a rapidly developing neighborhood. Lots of Schools located in walking distance from property. Located close to the 110 Fwy. Also close proximity to Downtown Los Angeles and USC. Investors take a look rents can be brought up to market value. Area is not in the “Rent Control” zoning.

Last Agent to Sell the Property

Jose Salguero

Century 21 Masters License #01886636 Listed on: 01/17/2019

Century 21 Masters

Co-Listed By

Carlos Salguero

Century 21 Masters License #01083698

Last Buyer's Agent

Carlos Estrada

Liberty Investment Group License #01413560

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,485 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Home Design

  • 2,453 Sq Ft Home
  • Property Attached
  • Combination Foundation
  • Raised Foundation
  • Shingle Roof
  • Rolled or Hot Mop Roof

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 6010035018

Community Details

Overview

  • 3 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

7,485 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Zoning: LCR3*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 6010035018
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Price Per Square Foot: 297.59

Exterior Features

  • Foundation: Combination, Raised
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Rolled/Hot Mop, Shingle

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7485.00
  • Lot Size Acres: 0.1718

Multi Family

  • Lot Size Area: 7485.0000 Square Feet
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5330.01
  • Tax Lot: 12

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2019
Closed on
Apr 22, 2019
Sold by
Bought by
Seller's Agent
Jose Salguero
Century 21 Masters
Buyer's Agent
Carlos Estrada
Liberty Investment Group
List Price
$769,900
Sold Price
$730,000
Premium/Discount to List
-$39,900
-5.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,500
Interest Rate
0.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 2, 2007
Sold by
Bought by

Purchase Details

Closed on
Jul 24, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Interest Rate
0.0635%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$730,000 Fidelity National Title Co
-- Commerce Title
-- Commerce Title
$530,000 Commerce Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,257,000
Closed $639,000
Closed $1,613,000
Closed $630,000
Closed $547,500
Previous Owner $371,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/17/2019 05/17/19 Sold $730,000 -1.3% $298 / Sq Ft
03/25/2019 03/25/19 Price Changed $739,900 -1.3% $302 / Sq Ft
02/19/2019 02/19/19 Price Changed $749,900 -2.6% $306 / Sq Ft
01/17/2019 01/17/19 For Sale $769,900 -- $314 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,225 $814,324 $401,585 $412,739
2024 $12,790 $798,358 $393,711 $404,647
2023 $12,429 $782,705 $385,992 $396,713
2022 $11,929 $767,359 $378,424 $388,935
2021 $12,500 $752,313 $371,004 $381,309
2020 $12,588 $745,060 $367,200 $377,860
2019 $10,949 $624,525 $341,470 $283,055
2018 $10,777 $612,289 $334,775 $277,514
2016 $10,008 $562,000 $308,300 $253,700
2015 $9,013 $481,000 $263,900 $217,100
2014 $8,539 $432,000 $237,000 $195,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19013295

California Regional Multiple Listing Service (CRMLS)
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