NOT LISTED FOR SALE

716 S Eastman Ave Los Angeles, CA 90023

Estimated Value: $764,000 - $948,000

7 Beds
3 Baths
2,980 Sq Ft
$285/Sq Ft Est. Value

Last Sold October 17, 2012

Last sale price $330,000 $111 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $5,186/month

174 Days on Market

Highlights

  • Craftsman Architecture
  • James A. Garfield Senior High School Rated A
  • No Heating

About This Home

As of October 2012

BACK ON THE MARKET- This will not last- Classic Triplex in East Los Angeles located in the county section. These units have tons of potential. The front unit is the original property used as a 3 bedroom 1 bath with a large attic for storage. The back units were built in or around 1954 and had long term tenants on a month-to-month contract. This Triplex is near everything: Shopping Centers, Public Transportation, Restaurants, ETC. NO FHA..This is a perfect Investment for the Savvy Investor! DO NOT DISTURB TENANTS!!

Last Agent to Sell the Property

Jose A. Perez

Century 21 Allstars License #01316658 Listed on: 04/11/2012

Century 21 Allstars

Last Buyer's Agent

Antonio Pedroza

TAMAYO & ASSOC. R.E. License #00980942

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,713

Year Built

  • Built in 1910

Lot Details

  • 7,694

Home Design

  • 2,980 Sq Ft Home
  • Craftsman Architecture
  • Stucco

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Additional Features

  • 7,694 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 0.1 / A
  • Assessor Parcel Number 5239010023

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • New Taxes Expense $3,238
  • Net Operating Income $13,562

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,713

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.93
  • View: No
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 5239010023
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 110.74

Exterior Features

  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 7694.00
  • Lot Size Acres: 0.1770

Multi Family

  • Gross Multiplier: 18.55
  • Gross Scheduled Income: 18600.00
  • Lot Size Area: 7694.0000 Square Feet
  • Net Operating Income: 13562.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 5038.00

Tax Info

  • New Taxes Expense: 3238.00
  • Tax Area: 1040
  • Tax Block: A
  • Tax Lot: 0.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2013
Sold by
Alamillo Maria V
Bought by
Alamillo Maria Victoria and The Maria Victoria Alamillo Re
Total Days on Market
174
Current Estimated Value
$849,275

Purchase Details

Listed on
Apr 11, 2012
Closed on
Oct 16, 2012
Sold by
Alamillo Manuel S
Bought by
Alamillo Maria V
Seller's Agent
Jose A. Perez
Century 21 Allstars
Buyer's Agent
Antonio Pedroza
TAMAYO & ASSOC. R.E.
List Price
$345,000
Sold Price
$330,000
Premium/Discount to List
-$15,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.11%

Purchase Details

Closed on
Jul 6, 2012
Sold by
Bp & T Investments Llc
Bought by
Alamillo Maria V

Purchase Details

Closed on
Feb 11, 2009
Sold by
Flowers Rosalinda M and Castillo James A
Bought by
Bp & T Investments Llc

Purchase Details

Closed on
Oct 31, 2008
Sold by
Castillo Ricardo O and The Ricardo L Castillo Trust
Bought by
Flowers Rosalinda M and Castillo James A
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
Alamillo Maria Victoria -- None Available
Alamillo Maria V -- Lawyers Title Company
Alamillo Maria V $330,000 Lawyers Title Company
Bp & T Investments Llc -- None Available
Flowers Rosalinda M -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2012 10/17/12 Sold $330,000 -4.3% $111 / Sq Ft
10/02/2012 10/02/12 Pending -- -- --
04/11/2012 04/11/12 For Sale $345,000 -- $116 / 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 $6,713 $406,358 $221,651 $184,707
2024 $6,713 $398,391 $217,305 $181,086
2023 $6,359 $390,581 $213,045 $177,536
2022 $6,103 $382,923 $208,868 $174,055
2021 $6,025 $375,416 $204,773 $170,643
2020 $6,060 $371,568 $202,674 $168,894
2019 $5,865 $364,283 $198,700 $165,583
2018 $5,653 $357,141 $194,804 $162,337
2016 $5,412 $343,275 $187,241 $156,034
2015 $5,337 $338,120 $184,429 $153,691
2014 $5,345 $331,498 $180,817 $150,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1202145

California Regional Multiple Listing Service (CRMLS)

APN: 5239-010-023