T
Seller's Agent in 2018
Tina Shin
Carta Investment, Inc.
(714) 449-3363
6 Total Sales
724 W 47th St Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated Value: $906,000 - $1,081,928
7
Beds
3
Baths
2,433
Sq Ft
$404/Sq Ft
Est. Value
Highlights
- Laundry Room
- Front Yard
- 2-minute walk to Julian C. Dixon Park
About This Home
As of June 2018Great opportunity for investors!
Triplex with 3 beds/ 1 bath (unit 724) $1,390/mo, 2 beds/ 1 bath (unit 726) $1,700/mo, and 2 beds/ 1 bath (back unit 724 1/2) - $2000/mos
All three units have been upgraded with brand new kitchen cabinets. Great renters.
The third unit 724 1/2, is a separate detached in the back with 2 bed/ 1 bath. This unit has just been rented.
There is plenty of parking space inside the complex for each unit.
Units 726 and 724 1/2 also have brand new paint and LED lighting. Both have new tile floors with upgraded and newly remodeled bathrooms.
Please don't disturb tenants. Cap rate is 5.20%. Plenty of shopping and transportation. Property is close to downtown LA, USC campus, the LA Coliseum, and the upcoming George Lucas $1-billion art museum. Easy access to all freeways.
MUST SEE Property! GREAT OPPORTUNITY! Being sold “as is”.
Last Agent to Sell the Property
Carta Investment, Inc. License #01754835 Listed on: 04/19/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,063
Year Built
- Built in 1930
Lot Details
- 7,868 Sq Ft Lot
- 1 Common Wall
- Front Yard
Home Design
- 2,433 Sq Ft Home
- Triplex
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 43
- Tax Tract Number 2321
- Assessor Parcel Number 5018026022
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Electric Expense $1,200
- Fuel Expense $200
- Insurance Expense $1,100
- Trash Expense $600
- Water Sewer Expense $1,800
- New Taxes Expense $6,250
- Operating Expense $7,950
- Gross Income $3,054
- Net Operating Income $3,054
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 7, 2024
Sold by
Ortiz Juarez Gregorio
Bought by
Juarez
Current Estimated Value
Purchase Details
Listed on
Apr 19, 2018
Closed on
Jun 22, 2018
Sold by
Shin Harold and Shin Nancy
Bought by
Juarez Gregorio Ortiz
Seller's Agent
Tina Shin
Carta Investment, Inc.
Buyer's Agent
Amador Contreras Mendoza
Keller Williams North Valley
List Price
$699,000
Sold Price
$715,000
Premium/Discount to List
$16,000
2.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.52%
Original Mortgage
$130,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 19, 2018
Closed on
Jun 13, 2018
Sold by
Juarez Ascela
Bought by
Juarez Gregorio Ortiz
Seller's Agent
Tina Shin
Carta Investment, Inc.
Buyer's Agent
Amador Contreras Mendoza
Keller Williams North Valley
List Price
$699,000
Sold Price
$715,000
Premium/Discount to List
$16,000
2.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 29, 2017
Closed on
Jul 18, 2017
Sold by
Doost Investment Llc
Bought by
Shin Harold and Shin Nancy
Seller's Agent
Eliza Kerndian
Keller Williams Beverly Hills
Buyer's Agent
Jimmy Hwang
AIE Realty Inc
List Price
$479,000
Sold Price
$500,000
Premium/Discount to List
$21,000
4.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.32%
Original Mortgage
$375,000
Interest Rate
4.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 24, 2012
Sold by
Issakharian David
Bought by
Doost Investment Llc
Purchase Details
Closed on
Nov 10, 2011
Sold by
Cerda Guadalupe
Bought by
Issakharian David
Purchase Details
Closed on
Dec 29, 2006
Sold by
Cerda Guadalupe
Bought by
Cerda Guadalupe and Cerda Ana Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 28, 2006
Sold by
Cerda Anna Maria
Bought by
Cerda Guadalupe
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.12%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Juarez | -- | None Listed On Document | |
| Juarez | -- | None Listed On Document | |
| Juarez Gregorio Ortiz | $715,000 | Ticor Title | |
| Juarez Gregorio Ortiz | -- | Ticor Title | |
| Shin Harold | $500,000 | Lawyers Title | |
| Doost Investment Llc | -- | Accommodation | |
| Issakharian David | $178,100 | None Available | |
| Cerda Guadalupe | -- | None Available | |
| Cerda Guadalupe | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Juarez Gregorio Ortiz | $480,000 | |
| Previous Owner | Juarez Gregorio Ortiz | $130,000 | |
| Previous Owner | Shin Harold | $375,000 | |
| Previous Owner | Cerda Guadalupe | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2018 06/29/18 | Sold | $715,000 | +2.3% | $294 / Sq Ft |
| 04/19/2018 04/19/18 | For Sale | $699,000 | +39.8% | $287 / Sq Ft |
| 08/23/2017 08/23/17 | Sold | $500,000 | +4.4% | $206 / Sq Ft |
| 06/29/2017 06/29/17 | For Sale | $479,000 | -- | $197 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,063 | $813,544 | $568,913 | $244,631 |
| 2024 | $10,063 | $797,593 | $557,758 | $239,835 |
| 2023 | $9,877 | $781,955 | $546,822 | $235,133 |
| 2022 | $9,431 | $766,623 | $536,100 | $230,523 |
| 2021 | $9,308 | $751,592 | $525,589 | $226,003 |
| 2020 | $9,399 | $743,886 | $520,200 | $223,686 |
| 2019 | $9,036 | $729,300 | $510,000 | $219,300 |
| 2018 | $6,329 | $500,000 | $300,000 | $200,000 |
| 2016 | $4,962 | $390,085 | $272,540 | $117,545 |
| 2015 | $4,893 | $384,227 | $268,447 | $115,780 |
| 2014 | $4,929 | $376,702 | $263,189 | $113,513 |
Source: Public Records
Agents Affiliated with this Home
-
Tina Shin
-
Amador Contreras Mendoza
A
Buyer's Agent in 2018
Amador Contreras Mendoza
Keller Williams North Valley
(818) 426-7205
11 Total Sales
-
Eliza Kerndian
Seller's Agent in 2017
Eliza Kerndian
Keller Williams Beverly Hills
(310) 482-2500
31 Total Sales
-
J
Buyer's Agent in 2017
Jimmy Hwang
AIE Realty Inc
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18090501
APN: 5018-026-022
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.
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
Nearby Homes
- 807 W 48th St
- 816 W 47th St
- 605 W 47th St
- 710 W 49th Place
- 730 W 49th Place
- 526 -534 W 47th St
- 4432 Wesley Ave
- 961 W 47th St
- 967 W 47th St
- 702 W Vernon Ave
- 602 W Vernon Ave
- 530 528 W 43rd St
- 434 W 48th St
- 701 W Vernon Ave
- 532 W Vernon Ave
- 873 W Vernon Ave
- 4512 S Vermont Ave
- 1021 W 48th St
- 730 W 52nd Place
- 860 W 43rd Place