NOT LISTED FOR SALE

Estimated Value: $675,000 - $811,000

4 Beds
2 Baths
1,402 Sq Ft
$547/Sq Ft Est. Value

Last Sold January 18, 2024

Last sale price $750,000 $535 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,895/month

204 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Laundry Room
  • Private Yard
  • Neighborhood Views
  • Central Heating and Cooling System

About This Home

As of January 2024

This is the One: **Live Smart...Rent 1 and Live in 1** Welcome to the vibrant 90047 zip code, this 2-unit income producing duplex in South Los Angeles is centrally located to all the stadiums (SOFI, Hollywood Park Entertainment Center, the BMO LAFC Stadium, Great Western Forum, future Clippers Stadium) 12 mins to USC Village Hub with Trader Joe's, Downtown LA, and 110/105 Freeway. This is a great opportunity for first time Buyer or an extended family to get their foot in the door to an area that is still growing with new construction projects, for example the new Crenshaw Line will transport you to LAX airport hassle-free. Front Unit is a functional 3-bedroom 1 full size bathroom featuring a large kitchen with a separate dining area & an adjacent laundry area with its own rear exit door. Rear Unit is a 1 bedroom & 1-bathroom ADU (built 2018) with its own address. Units are detached with individual green yards for summertime family gatherings. This property is a great investment opportunity for you. This design choice is invaluable to renters, who appreciate having their own separate living quarters & outdoor space including the convenience of parking access. Call listing agent for additional information! See you in escrow.

Last Agent to Sell the Property

Xio Sandoval

CENTURY 21 REALTY MASTERS License #01308913 Listed on: 06/06/2023

CENTURY 21 REALTY MASTERS

Last Buyer's Agent

Xio Sandoval

CENTURY 21 REALTY MASTERS License #01308913 Listed on: 06/06/2023

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,397

Year Built

  • Built in 1947 | Remodeled

Lot Details

  • 5,200 Sq Ft Lot
  • No Common Walls
  • Private Yard

Home Design

  • Duplex
  • Contemporary Architecture

Interior Spaces

  • 1,402 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laminate Flooring
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Driveway
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Private Water Source

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 23 / 4
  • Tax Tract Number 6757
  • Assessor Parcel Number 6018004020
  • $279 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $578
  • New Taxes Expense $10,312
  • Operating Expense $12,390
  • Gross Income $44,928
  • Net Operating Income $33,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,397

Year Built

Built in 1947 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.10
  • Price Per Unit: 412500
  • Property Attached: No
  • View: Yes
  • Zoning: LAR1
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6018004020
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: ground level
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Entry Level: 4
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 534.95
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Driveway
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 578.00
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5200.00
  • Lot Size Acres: 0.1194

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Multiplier: 17.63
  • Gross Operating Income: 44928.00
  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5200.0000 Square Feet
  • Net Operating Income: 33860.00
  • 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: 12940.00
  • Rent Control: Yes
  • Total Expenses: 12390.00
  • Vacancy Allowance: 1872

Tax Info

  • New Taxes Expense: 10312.00
  • Tax Block: 4
  • Tax Census Tract: 2379.00
  • Tax Lot: 23
  • Tax Tract Number: 6757
  • TaxOtherAnnualAssessmentAmount: 279.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2023
Closed on
Dec 28, 2023
Sold by
Harris Tisha
Bought by
Placencia Juan and Placencia Deann
Seller's Agent
Xio Sandoval
CENTURY 21 REALTY MASTERS
Buyer's Agent
Xio Sandoval
CENTURY 21 REALTY MASTERS
List Price
$825,000
Sold Price
$750,000
Premium/Discount to List
-$75,000
-9.09%
Views
327
Current Estimated Value
$766,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,235
Avg. Annual Appreciation
1.38%
Original Mortgage
$640,000
Outstanding Balance
$629,551
Interest Rate
7.03%
Mortgage Type
Seller Take Back
Estimated Equity
$136,684

Purchase Details

Listed on
Sep 30, 2018
Closed on
Oct 25, 2018
Sold by
West Coast Private Investments Llc
Bought by
Harris Tisha
Seller's Agent
Ray Penado
Excellence RE Real Estate
Buyer's Agent
Xio Sandoval
CENTURY 21 REALTY MASTERS
List Price
$619,000
Sold Price
$619,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.85%
Original Mortgage
$588,050
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2018
Sold by
First Point 2 Llc
Bought by
West Coast Private Investments Llc

Purchase Details

Closed on
Jul 9, 2018
Sold by
Harris Maria L
Bought by
First Point 2 Llc

Purchase Details

Closed on
Apr 8, 2004
Sold by
Harris Melvin and Harris Maria
Bought by
Harris Melvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 1993
Sold by
Harris Melvin
Bought by
Harris Melvin and Harris Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.85%
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
Placencia Juan $750,000 Stewart Title Guaranty Company
Harris Tisha $619,000 Fidelity National Title Comp
West Coast Private Investments Llc -- Accommodation
First Point 2 Llc $345,500 None Available
Harris Melvin -- Ticor Title Co
Harris Melvin -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Placencia Juan $25,000
Open Placencia Juan $640,000
Previous Owner Harris Tisha $588,050
Previous Owner Harris Melvin $544,185
Previous Owner Harris Melvin $442,500
Previous Owner Harris Melvin $65,000
Previous Owner Harris Melvin $44,400
Previous Owner Harris Melvin $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2024 01/18/24 Sold $750,000 -9.1% $535 / Sq Ft
12/27/2023 12/27/23 Pending -- -- --
06/06/2023 06/06/23 For Sale $825,000 +33.3% $588 / Sq Ft
12/19/2018 12/19/18 Sold $619,000 0.0% $413 / Sq Ft
12/17/2018 12/17/18 Price Changed $619,000 0.0% $413 / Sq Ft
10/24/2018 10/24/18 Pending -- -- --
09/30/2018 09/30/18 For Sale $619,000 -- $413 / 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 $8,397 $765,000 $459,000 $306,000
2024 $8,397 $676,963 $404,647 $272,316
2023 $8,240 $663,690 $396,713 $266,977
2022 $7,863 $650,678 $388,935 $261,743
2021 $7,762 $637,920 $381,309 $256,611
2019 $7,498 $619,000 $370,000 $249,000
2018 $649 $46,481 $21,950 $24,531
2016 $611 $44,678 $21,099 $23,579
2015 $603 $44,008 $20,783 $23,225
2014 $615 $43,147 $20,376 $22,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB23100100

California Regional Multiple Listing Service (CRMLS)

APN: 6018-004-020