NOT LISTED FOR SALE

7311 S Figueroa St Los Angeles, CA 90003

Vermont Knolls Neighborhood

Estimated Value: $2,277,000 - $4,898,528

4 Beds
4 Baths
2,178 Sq Ft
$1,618/Sq Ft Est. Value

Last Sold August 02, 2018

Last sale price $530,000 $243 Per Sq Ft

Est. 547% increase in value since last sale

Current estimated payment $20,588/month

5 Days on Market

About This Home

As of August 2018

Excellent income producing property with a detached-two car garage and plenty of additional parking. Both units are spacious and 2 bedrooms 1 bath. Centrally located to all major transportation means and schools, "Available Today."

Last Agent to Sell the Property

Rene Cobian

Colonial Real Estate License #01717535 Listed on: 03/28/2018

Last Buyer's Agent

Michael Kafaei

Keller Williams Beverly Hills License #01373161

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,813

Year Built

  • Built in 1921

Lot Details

  • 6,240 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • 2,178 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Solar Heated Spa
  • Suburban Location

Listing and Financial Details

  • Tax Lot 6020
  • Tax Tract Number 25
  • Assessor Parcel Number 6020025014

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $90
  • Trash Expense $100
  • Water Sewer Expense $60
  • New Taxes Expense $2,200
  • Operating Expense $2,450
  • Gross Income $31,800
  • Net Operating Income $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,813

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Water Sewer Expenses: 60.00
  • Zoning: LAC2
  • Property Type: Residential Income
  • Parcel Number: 6020025014
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 243.34
  • Spa Features: Solar Heated

Exterior Features

  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6240.00

Multi Family

  • Gross Income: 31800.00
  • Gross Scheduled Income: 31800.00
  • Insurance Expense: 90.00
  • Net Operating Income: 12000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 3600.00
  • Rent Control: No
  • Total Expenses: 2450.00

Tax Info

  • New Taxes Expense: 2200.00
  • Tax Census Tract: 2377.10
  • Tax Lot: 6020
  • Tax Tract Number: 025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2022
Sold by
853 West 6Th Street Llc
Bought by
Ramp Llc
Current Estimated Value
$3,429,672

Purchase Details

Closed on
Dec 2, 2020
Sold by
Atzmon Yoav
Bought by
853 West 5Th Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2018
Sold by
Martinez Mota Miguel Angel Escobar and Martinez Escobar Terry
Bought by
853 West 5Th Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 2, 2018
Sold by
Medrano Mauricio A
Bought by
Martinez Mota Miguel Angel Escobar and Martinez Escobar Terry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Listed on
May 13, 2016
Closed on
Nov 28, 2016
Sold by
Escobar Noguera Marco V
Bought by
Medrano Mauricio A
Seller's Agent
Rene Cobian
Colonial Real Estate
Buyer's Agent
Ernie Garcia
Colonial Real Estate
List Price
$399,000
Sold Price
$345,000
Premium/Discount to List
-$54,000
-13.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.39%
Original Mortgage
$338,751
Interest Rate
3.94%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 28, 2009
Sold by
Salgado Sara E
Bought by
Escobar Noguera Marco V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,576
Interest Rate
5.2%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 17, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Escobar Noguera Marco V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,576
Interest Rate
5.2%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 14, 2008
Sold by
Brown Ormond Francisco
Bought by
Deutsche Bank National Trust Co and Gsamp Trust 2005-Wmc1

Purchase Details

Closed on
Jun 4, 2004
Sold by
Mack Joel L and Mack Sakina C
Bought by
Brown Ormond Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2001
Sold by
Summers Dale W
Bought by
Mack Joel L and Mack Sakina C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.78%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ramp Llc $1,800,000 Fidelity National Title
853 West 5Th Street Llc -- None Available
Atzmon Yoav -- Western Resources Ttl & Synr
853 West 5Th Street Llc $530,000 Pacific Coast Title Company
Martinez Mota Miguel Angel Escobar $420,000 Western Resources Title Com
Medrano Mauricio A $345,000 Pacific Coast Title Company
Escobar Noguera Marco V -- First American Title Company
Escobar Noguera Marco V $189,000 Fatcola
Deutsche Bank National Trust Co $336,875 Accommodation
Brown Ormond Francisco $300,000 Stewart Title Company
Mack Joel L $90,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Atzmon Yoav $507,000
Previous Owner 853 West 5Th Street Llc $375,000
Previous Owner Martinez Mota Miguel Angel Escobar $412,392
Previous Owner Medrano Mauricio A $338,751
Previous Owner Escobar Noguera Marco $216,000
Previous Owner Escobar Noguera Marco $203,000
Previous Owner Escobar Noguera Marco V $185,576
Previous Owner Brown Ormond Francisco $80,000
Previous Owner Brown Ormond Francisco $344,000
Previous Owner Brown Ormond Francisco $240,000
Previous Owner Mack Joel L $154,000
Previous Owner Mack Joel L $123,750
Previous Owner Mack Joel L $85,000
Closed Brown Ormond Francisco $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2018 08/02/18 Sold $530,000 0.0% $243 / Sq Ft
04/02/2018 04/02/18 Pending -- -- --
04/02/2018 04/02/18 Off Market $530,000 -- --
03/28/2018 03/28/18 For Sale $499,000 +44.6% $229 / Sq Ft
12/27/2016 12/27/16 Sold $345,000 0.0% $158 / Sq Ft
09/30/2016 09/30/16 Pending -- -- --
08/25/2016 08/25/16 Off Market $345,000 -- --
05/13/2016 05/13/16 For Sale $399,000 -- $183 / 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 $22,813 $1,910,174 $1,910,174 --
2024 $22,813 $1,872,720 $1,872,720 --
2023 $22,453 $1,836,000 $1,836,000 $0
2022 $6,924 $557,123 $409,959 $147,164
2021 $6,830 $546,200 $401,921 $144,279
2020 $6,896 $540,600 $397,800 $142,800
2019 $6,632 $530,000 $390,000 $140,000
2018 $4,545 $351,900 $265,200 $86,700
2016 $2,759 $206,082 $109,038 $97,044
2015 $2,723 $202,988 $107,401 $95,587
2014 $2,747 $199,013 $105,298 $93,715
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Rene Cobian

    Colonial Real Estate

    (562) 824-0135

    18 Total Sales

    Section Image
  • Michael Kafaei

    Buyer's Agent in 2018

    Michael Kafaei

    Keller Williams Beverly Hills

    (310) 651-4326

    30 Total Sales

    Section Image

  • E

    Buyer's Agent in 2016

    Ernie Garcia

    Colonial Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18070466

California Regional Multiple Listing Service (CRMLS)

APN: 6020-025-032

California Los Angeles County Los Angeles 90003 Vermont Knolls

7311 S Figueroa St, Los Angeles, CA

This home is located at 7311 S Figueroa St, Los Angeles, CA 90003 since 28 March 2018 and is currently estimated at $3,524,176, approximately $1,618 per square foot. This property was built in 1921. 7311 S Figueroa St is a home located in Los Angeles County with nearby schools including Mary McLeod Bethune Middle School, Academy For Multiligual Arts And Science At Mervyn M. Dymally High, and KIPP Empower Academy.

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.

California Regional Multiple Listing Service (CRMLS) 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

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