NOT LISTED FOR SALE

Estimated Value: $658,000 - $788,000

4 Beds
2 Baths
1,844 Sq Ft
$398/Sq Ft Est. Value

Last Sold May 31, 2021

Last sale price $600,000 $325 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,658/month

24 Days on Market

About This Home

As of May 2021

Well Maintained Los Angeles Duplex with Upside potential. The subject consists of two separate buildings each with there own private entrances and yards. The front Unit/Building is a 3 bedroom 1 bathroom and is currently occupied with a tenant who is current on rent. The back unit is a 1 bedroom 1 bathroom unit and is turnkey condition and currently vacant. This property has minimal deferred maintenance and lots of upside for potential investors.

Last Agent to Sell the Property

Matthew Hopkins

Citivest Inc License #01819074 Listed on: 03/01/2021

Co-Listed By

William Holmes

Anvil Real Estate License #01914118

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,908

Year Built

  • Built in 1931

Lot Details

  • 5,200 Sq Ft Lot
  • No Common Walls
  • Lawn
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • 1,844 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 53
  • Tax Tract Number 6534
  • Assessor Parcel Number 6029031016

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $2,500
  • Maintenance Expense $3,500
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,600
  • Operating Expense $15,600
  • Gross Income $40,884
  • Net Operating Income $25,284

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,908

Year Built

Built in 1931

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 6029031016
  • Year Built: 1931
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 325.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lawn
  • Lot Size Sq Ft: 5200.00
  • Lot Size Acres: 0.1194

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 40884.00
  • Gross Scheduled Income: 40884.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 5200.0000 Square Feet
  • Maintenance Expense: 3500.00
  • Net Operating Income: 25284.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 15600.00
  • Rent Control: Yes
  • Total Expenses: 15600.00

Tax Info

  • New Taxes Expense: 6600.00
  • Tax Census Tract: 2398.02
  • Tax Lot: 53
  • Tax Tract Number: 6534

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2021
Closed on
Jun 7, 2021
Sold by
Tah 2015 1 Borrower Llc
Bought by
Lee Ciara
Seller's Agent
Matthew Hopkins
Citivest Inc
List Price
$599,900
Sold Price
$600,000
Premium/Discount to List
$100
0.02%
Current Estimated Value
$733,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,911
Avg. Annual Appreciation
4.14%
Original Mortgage
$589,132
Outstanding Balance
$535,703
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$176,832

Purchase Details

Closed on
May 12, 2015
Sold by
Turnstone Holding I Lp
Bought by
Tah 2015-1 Borrower Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,274,000
Interest Rate
3.64%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 9, 2013
Sold by
Turnstone Llc
Bought by
Turnstone Holding I Lp

Purchase Details

Closed on
Mar 16, 2013
Sold by
Quintana Luis
Bought by
Turnstone Llc

Purchase Details

Closed on
Jan 25, 2005
Sold by
Quintana Luis and Quitana Luis
Bought by
Quintana Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2004
Sold by
Quintana Jose Guadalupe and Quintana Lilia C
Bought by
Quitana Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 1996
Sold by
Pelayo Efrain G
Bought by
Quintana Jose Guadalupe and Quintana Lilia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,422
Interest Rate
7.8%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 1995
Sold by
Tchaikovsky Sophie
Bought by
Tchaikovsky Vitold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,300
Interest Rate
7.8%

Purchase Details

Closed on
Jun 29, 1995
Sold by
Tchaikovsky Vitold
Bought by
Pelayo Efrain G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,300
Interest Rate
7.8%

Purchase Details

Closed on
Jun 7, 1995
Sold by
Warren Margaret P and Mason Nellie G Avery
Bought by
Tchaikovsky Vitold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,300
Interest Rate
7.8%
Source: Public Records

Range of Values:

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Average Value
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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
Lee Ciara $600,000 Consumers Title Company
Tah 2015-1 Borrower Llc -- Fidelity Natl Title Group
Turnstone Holding I Lp $230,000 Old Republic Title Company
Turnstone Llc -- None Available
Quintana Luis -- Orange Coast Title
Quitana Luis -- New Century Title Company Or
Quintana Luis -- New Century Title Company
Quintana Jose Guadalupe $149,000 Southland Title Corporation
Tchaikovsky Vitold -- North American Title
Pelayo Efrain G $10,700 North American Title
Tchaikovsky Vitold -- North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Ciara $589,132
Previous Owner Tah 2015-1 Borrower Llc $380,274,000
Previous Owner Quintana Luis $275,000
Previous Owner Quintana Luis $217,000
Previous Owner Quintana Luis $192,000
Previous Owner Quintana Jose Guadalupe $144,739
Previous Owner Quintana Jose Guadalupe $146,422
Previous Owner Tchaikovsky Vitold $96,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2021 05/31/21 Sold $600,000 0.0% $325 / Sq Ft
03/25/2021 03/25/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $599,900 0.0% $325 / Sq Ft
04/05/2014 04/05/14 Rented $1,650 0.0% --
03/06/2014 03/06/14 Under Contract -- -- --
01/24/2014 01/24/14 For Rent $1,650 -- --
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 $7,908 $649,457 $432,972 $216,485
2024 $7,908 $636,724 $424,483 $212,241
2023 $7,757 $624,240 $416,160 $208,080
2022 $7,397 $612,000 $408,000 $204,000
2021 $3,315 $260,467 $181,196 $79,271
2020 $3,344 $257,798 $179,339 $78,459
2019 $3,219 $258,570 $177,768 $80,802
2018 $3,237 $253,501 $174,283 $79,218
2016 $3,086 $243,659 $167,516 $76,143
2015 $2,978 $234,594 $163,196 $71,398
2014 $3,000 $230,000 $160,000 $70,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21035126

California Regional Multiple Listing Service (CRMLS)

APN: 6029-031-016