NOT LISTED FOR SALE

719 Orme Ave Los Angeles, CA 90023

Boyle Heights Neighborhood

Estimated Value: $643,120 - $849,000

3 Beds
3 Baths
1,252 Sq Ft
$585/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $667,000 $533 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,551/month

44 Days on Market

Highlights

  • No HOA
  • Back and Front Yard
  • 5-minute walk to Boyle Heights Sports Center and Park
  • Laundry Room

About This Home

As of October 2021

Perfect property to live in the front house which has 2 bedrooms and 1 bath, rent the second unit,1 bedroom and 1 bath and the third unit which is a studio. This property is very close to markets and shops with a close and easy drive to freeways but the neighborhood is quiet and relaxed. Investors will also like the property since the income is very good and the great potential for expansion. See pictures of the back yard: duplex or a house?(check with the city for opportunities). Large unit will be vacant at close of escrow.

Last Agent to Sell the Property

Douglas Lemus

HomeSmart, Evergreen Realty License #01365976 Listed on: 04/07/2021

HomeSmart, Evergreen Realty

Last Buyer's Agent

Lee Ziff

Keller Williams Beverly Hills License #01212150

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 4,789 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • 1,252 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 3113
  • Assessor Parcel Number 5185032004

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,000
  • Trash Expense $420
  • Water Sewer Expense $1,200
  • New Taxes Expense $8,125
  • Operating Expense $16,278
  • Gross Income $1,700
  • Net Operating Income $22,147

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 5185032004
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 532.75

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 420.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard
  • Lot Size Sq Ft: 4789.00
  • Lot Size Acres: 0.1099

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 1700.00
  • Gross Scheduled Income: 20.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4789.0000 Square Feet
  • Net Operating Income: 22147.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 7553.00
  • Rent Control: No
  • Total Actual Rent: 1275.00
  • Total Expenses: 16278.00

Tax Info

  • New Taxes Expense: 8125.00
  • Tax Lot: 4
  • Tax Tract Number: 3113

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2017
Sold by
Reyes Maria D Martinez
Bought by
Flores Jaime
Current Estimated Value
$732,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Outstanding Balance
$172,740
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$559,540

Purchase Details

Closed on
Dec 4, 2009
Sold by
Sanchez Janaina
Bought by
Flores Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,956
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 19, 2009
Sold by
Consumer Solutions Reo Llc
Bought by
Sanchez Janaina

Purchase Details

Closed on
Jun 25, 2008
Sold by
Cardenas Porfirio
Bought by
Consumer Solutions Reo Llc

Purchase Details

Closed on
Jan 7, 2008
Sold by
Samora Lorena
Bought by
Larios Acricio H

Purchase Details

Closed on
Jul 26, 2007
Sold by
Larios Acricio H
Bought by
Samora Lorena

Purchase Details

Closed on
Nov 20, 2006
Sold by
Cardenas Porfino
Bought by
Larios Acricio H

Purchase Details

Closed on
Jun 1, 2006
Sold by
Foxtail Investment Co Inc
Bought by
Cardenas Porfino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
9.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2005
Sold by
Lopez Nancy
Bought by
Foxtail Investment Co Inc

Purchase Details

Closed on
Aug 22, 2005
Sold by
Uyeda Shizuko
Bought by
Lopez Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
7.62%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 12, 2005
Sold by
Uyeda Shizuko and Uyeda 1975 Trust
Bought by
Uyeda Shizuko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
7.62%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Flores Jaime -- None Available
Flores Jaime -- Pacific Coast Title Company
Flores Jaime $210,000 Investors Title Company
Sanchez Janaina $127,500 Investors Title Company Gln
Consumer Solutions Reo Llc $418,341 None Available
Larios Acricio H -- None Available
Samora Lorena -- None Available
Larios Acricio H -- None Available
Cardenas Porfino $430,000 Investors Title Company
Foxtail Investment Co Inc -- Accommodation
Lopez Nancy $310,000 Ort
Uyeda Shizuko -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flores Jaime $208,000
Previous Owner Flores Jaime $200,956
Previous Owner Cardenas Porfino $85,000
Previous Owner Cardenas Porfino $340,000
Previous Owner Lopez Nancy $248,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2021 10/08/21 Sold $667,000 0.0% $533 / Sq Ft
09/10/2021 09/10/21 Price Changed $667,000 +2.6% $533 / Sq Ft
05/21/2021 05/21/21 Pending -- -- --
04/07/2021 04/07/21 For Sale $649,900 -- $519 / 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 $8,576 $707,824 $424,483 $283,341
2024 $8,541 $693,946 $416,160 $277,786
2023 $8,376 $680,340 $408,000 $272,340
2022 $7,987 $667,000 $400,000 $267,000
2021 $3,228 $250,416 $119,246 $131,170
2019 $3,135 $242,991 $115,710 $127,281
2018 $3,046 $238,228 $113,442 $124,786
2016 $2,904 $228,980 $109,038 $119,942
2015 $2,863 $225,542 $107,401 $118,141
2014 $2,885 $221,125 $105,298 $115,827
Source: Public Records

Agents Affiliated with this Home

  • Douglas Lemus

    Seller's Agent in 2021

    Douglas Lemus

    HomeSmart, Evergreen Realty

    (626) 824-0358

    2 in this area

    19 Total Sales

    Douglas Lemus
    Section Image
  • Lee Ziff

    Buyer's Agent in 2021

    Lee Ziff

    Keller Williams Beverly Hills

    (323) 491-3919

    2 in this area

    76 Total Sales

    Lee Ziff
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21072519

California Regional Multiple Listing Service (CRMLS)

APN: 5185-032-004

California Los Angeles County Los Angeles 90023 Boyle Heights

719 Orme Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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