740 E 20th St Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated Value: $798,000 - $887,764
5
Beds
4
Baths
2,759
Sq Ft
$309/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 4 Car Garage
- No Heating
- Laundry Room
- Block Wall Fence
About This Home
As of April 2023Fantastic opportunity to own this triplex with a 4 single car garage - a rarity! Located at the front of the property is a one story 3bd house with 1 1/4 baths, laundry room, a carved fireplace in living room, pocket doors separating living & dining rooms plus hardwood flooring. Across the large courtyard and at the rear of the property is the 4 single car garage with access from the courtyard and the alley. Two 1 bd /1 ba units are located above the garage and one unit is now VACANT. Both have hardwood flooring with linoleum covering it in Unit 742. The front house has been allocated 2 of the garage parking spaces and each of the rear units have one garage space. All 3 units have copper plumbing! A new water heater was installed about 3 months ago in the front unit and both water heaters for the 2 back units were replaced about 4-5 years ago. Tenants pay for gas and electric which are separately metered--trash is included with the electric. This property is conveniently located between San Pedro St and Stanford Ave and just one block from the Blue Metro line and the San Pedro Station on E. Washington Blvd. Also nearby is the All Peoples Christian Church and Community Center, the Corazon de la Gente Community Garden, the San Pedro Elementary School and Santee High School. Additionally, within 1-3 blocks are restaurants, fast food eateries, local stores and a shopping center that includes Rite Aid Pharmacy and 99 Cents Only store. Easy access to the 10 and 110 freeways. Standard Trust Sale. Property being sold ''AS IS''.
Last Agent to Sell the Property
Engel & Völkers San Marino License #01333055 Listed on: 10/14/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $815
Year Built
- Built in 1910
Lot Details
- 6,006 Sq Ft Lot
- 1 Common Wall
- Block Wall Fence
- No Sprinklers
Parking
- 4 Car Garage
- Parking Available
Home Design
- Triplex
- Copper Plumbing
Interior Spaces
- 2,759 Sq Ft Home
- Dining Room with Fireplace
- Laundry Room
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
- No Heating
Listing and Financial Details
- Tenant pays for electricity, trash collection, gas
- Tax Lot 5
- Assessor Parcel Number 5131011005
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 2 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $800
- Other Expense $320
- Water Sewer Expense $4,615
- Operating Expense $6,550
- Gross Income $50,508
- Net Operating Income $43,958
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 14, 2022
Closed on
Mar 16, 2023
Sold by
Zarate Rebeca
Bought by
Solis Nicolas Lopez
Seller's Agent
Wayne Rog
Engel & Völkers San Marino
Buyer's Agent
Virginia Hernandez
Century 21 Allstars
List Price
$830,000
Sold Price
$795,000
Premium/Discount to List
-$35,000
-4.22%
Views
35
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,691
Avg. Annual Appreciation
4.14%
Original Mortgage
$540,000
Outstanding Balance
$526,531
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$343,088
Purchase Details
Listed on
Oct 14, 2022
Closed on
Mar 11, 2023
Sold by
Wai And Haung Cheng Family Trust
Bought by
Solis Nicolas Lopez and Zarate Jennyfer Lopez
Seller's Agent
Wayne Rog
Engel & Völkers San Marino
Buyer's Agent
Virginia Hernandez
Century 21 Allstars
List Price
$830,000
Sold Price
$795,000
Premium/Discount to List
-$35,000
-4.22%
Views
35
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$526,531
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$343,088
Purchase Details
Closed on
Feb 21, 2009
Sold by
Cheng Haung Kim and Lim Haung Kim
Bought by
Cheng Haung Kim and Wai & Haung Cheng Family Trust
Similar Homes in Los Angeles, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Solis Nicolas Lopez | -- | Fidelity National Title | |
| Solis Nicolas Lopez | $795,000 | Fidelity National Title | |
| Cheng Haung Kim | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Solis Nicolas Lopez | $540,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/03/2023 04/03/23 | Sold | $795,000 | 0.0% | $288 / Sq Ft |
| 03/22/2023 03/22/23 | Pending | -- | -- | -- |
| 01/12/2023 01/12/23 | Price Changed | $795,000 | -4.2% | $288 / Sq Ft |
| 10/14/2022 10/14/22 | For Sale | $830,000 | -- | $301 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
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 |
|---|---|---|---|---|
| 2024 | $10,204 | $810,900 | $612,000 | $198,900 |
| 2023 | $865 | $32,446 | $14,103 | $18,343 |
| 2022 | $839 | $31,811 | $13,827 | $17,984 |
| 2021 | $814 | $31,188 | $13,556 | $17,632 |
| 2020 | $814 | $30,869 | $13,417 | $17,452 |
| 2019 | $799 | $30,264 | $13,154 | $17,110 |
| 2018 | $693 | $29,672 | $12,897 | $16,775 |
| 2016 | $633 | $28,523 | $12,398 | $16,125 |
| 2015 | $628 | $28,095 | $12,212 | $15,883 |
| 2014 | $651 | $27,545 | $11,973 | $15,572 |
Source: Public Records
Agents Affiliated with this Home
-
Wayne Rog
W
Seller's Agent in 2023
Wayne Rog
Engel & Völkers San Marino
(626) 260-8656
1 in this area
22 Total Sales
-
Virginia Hernandez
Buyer's Agent in 2023
Virginia Hernandez
Century 21 Allstars
(562) 587-6758
1 in this area
113 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-11632
APN: 5131-011-005
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