NOT LISTED FOR SALE

7047 Madden Ave Los Angeles, CA 90043

Hyde Park Neighborhood

Estimated Value: $819,234 - $930,000

4 Beds
3 Baths
1,951 Sq Ft
$449/Sq Ft Est. Value

Last Sold August 07, 2012

Last sale price $315,000 $161 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $5,178/month

132 Days on Market

Highlights

  • Spanish Architecture
  • Carpet
  • Heating System Uses Natural Gas

About This Home

As of August 2012

Three Vacant Units !!! Totally rehabbed and move in ready. This property boasts a detached two bedroom one bath single family residnece as well as two one bedroom apartments as well as four single garages.. The property is completly remodelled including new windows, new kitchens with grnaite countertops, fresh landscaping, new interior and exterior paint, remodelled bathrooms, and new roofs.

Last Agent to Sell the Property

Geoffrey Tackney

GMT Real Estate License #01390210 Listed on: 03/22/2012

Last Buyer's Agent

Werner David Munoz

Werner David Munoz License #01881211

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,875

Year Built

  • Built in 1925

Lot Details

  • 5,999 Sq Ft Lot
  • Lot Dimensions are 50x120

Parking

  • 1 Car Garage

Home Design

  • Spanish Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,951 Sq Ft Home
  • Carpet

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tax Block 5
  • Tax Tract Number 5452
  • Assessor Parcel Number 4008027024

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,000
  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,875

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 10.91
  • View: No
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 4008027024
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: No
  • Price Per Square Foot: 161.46

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 50x120
  • Lot Size Sq Ft: 5999.00
  • Lot Size Acres: 0.1380

Multi Family

  • Gross Income: 3000.00
  • Gross Multiplier: 9.16
  • Gross Scheduled Income: 36000.00
  • Lot Size Area: 5999.0000 Square Feet
  • Net Operating Income: 36000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3

Tax Info

  • Tax Area: 212
  • Tax Block: 5
  • Tax Lot: 0.
  • Tax Tract Number: 5452

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2012
Closed on
Jul 27, 2012
Sold by
Madden Street Trust #7047
Bought by
Hernandez Jesus Nicholas and Guardado Rosa Maria
Seller's Agent
Geoffrey Tackney
GMT Real Estate
Buyer's Agent
Werner David Munoz
Werner David Munoz
List Price
$369,900
Sold Price
$315,000
Premium/Discount to List
-$54,900
-14.84%
Current Estimated Value
$875,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$560,809
Avg. Annual Appreciation
8.24%

Purchase Details

Closed on
Sep 21, 2011
Sold by
Boehmer Norine and Estate Of Shelia Nabors
Bought by
Madden Street Trust #7047 and Makaha Properties Llc
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
Hernandez Jesus Nicholas $315,000 First American Title Company
Madden Street Trust #7047 $232,000 Fidelity Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2012 08/07/12 Sold $315,000 -14.8% $161 / Sq Ft
08/01/2012 08/01/12 Pending -- -- --
03/22/2012 03/22/12 For Sale $369,900 +59.4% $190 / Sq Ft
02/18/2012 02/18/12 Sold $232,000 -33.7% $119 / Sq Ft
09/25/2011 09/25/11 Pending -- -- --
01/31/2011 01/31/11 For Sale $350,000 -- $179 / 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 $4,875 $387,890 $326,323 $61,567
2024 $4,875 $380,285 $319,925 $60,360
2023 $4,788 $372,829 $313,652 $59,177
2022 $4,577 $365,519 $307,502 $58,017
2021 $4,510 $358,353 $301,473 $56,880
2020 $4,551 $354,679 $298,382 $56,297
2019 $4,380 $347,726 $292,532 $55,194
2018 $4,293 $340,909 $286,797 $54,112
2016 $4,176 $327,672 $275,661 $52,011
2015 $4,118 $322,751 $271,521 $51,230
2014 $3,586 $270,000 $227,100 $42,900
Source: Public Records

Agents Affiliated with this Home

  • Geoffrey Tackney

    Seller's Agent in 2012

    Geoffrey Tackney

    GMT Real Estate

    (562) 522-3190

    280 Total Sales

    Geoffrey Tackney
    Section Image
  • Ruben Martinez

    Seller's Agent in 2012

    Ruben Martinez

    Fiduciary Real Estate Services

    (714) 371-3269

    175 Total Sales

    Ruben Martinez
    Section Image

  • W

    Buyer's Agent in 2012

    Werner David Munoz

    Werner David Munoz

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P816252

California Regional Multiple Listing Service (CRMLS)

APN: 4008-027-024

California Los Angeles County Los Angeles 90043 Hyde Park

7047 Madden Ave, Los Angeles, CA

This home is located at 7047 Madden Ave, Los Angeles, CA 90043 since 22 March 2012 and is currently estimated at $875,809, approximately $448 per square foot. This property was built in 1925. 7047 Madden Ave is a home located in Los Angeles County with nearby schools including Seventy-Fourth Street Elementary School, Horace Mann Ucla Community, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

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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