NOT LISTED FOR SALE

Estimated Value: $998,000 - $1,236,182

7 Beds
4 Baths
2,917 Sq Ft
$393/Sq Ft Est. Value

Sale Details

Date Sold: March 31, 2020

Last sale price $800,000 $274 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $7,008 / mo

21 Days on Market

About This Home

As of March 2020

Gated LARD3 property featuring a front house with 4 bedroom, 2 baths, approximately 1601 square feet. The back house is a 3 bedroom, 2 bath home, approximately 1316 square feet built in 2008(buyer to verify). This property is sold 'As-is'. The seller will make no repairs or alterations to the property. There are currently two units on the property zoned for duplex possible third unit with modification. Buyer will be responsible for all investigations with the City of Los Angeles. These units are in a rent controlled area. Possibly live in one rent out the other, lot is zoned LARD3 many possibilities to earn income. Call for further details do not disturb tenants for any reason.

Last Agent to Sell the Property

Sean Sullivan

Pinnacle Estate Properties, Inc. License #01203084 Listed on: 02/05/2020

Pinnacle Estate Properties, Inc.

Last Buyer's Agent

Christopher Awad

Century 21 On Target License #01881628

Century 21 On Target

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 7,500 Sq Ft Lot
  • No Common Walls

Home Design

  • Duplex

Interior Spaces

  • 2,917 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 2112008007

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $400
  • Gardener Expense $585
  • Insurance Expense $1,500
  • New Taxes Expense $5,100
  • Operating Expense $11,000
  • Gross Income $46,415
  • Net Operating Income $35,513

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Zoning: LARD3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 585.00
  • Parcel Number: 2112008007
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 274.25

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Multi Family

  • Electric Expense: 400.00
  • Gross Income: 46415.00
  • Gross Scheduled Income: 46415.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 35513.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 11000.00
  • Rent Control: Yes
  • Total Expenses: 11000.00

Tax Info

  • New Taxes Expense: 5100.00
  • Tax Census Tract: 1345.21
  • Tax Lot: 23
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2020
Closed on
Feb 26, 2020
Sold by
Monarch California Properties Llc
Bought by
Baboun Jacob
Seller's Agent
Sean Sullivan
Pinnacle Estate Properties, Inc.
Buyer's Agent
Christopher Awad
Century 21 On Target
List Price
$785,000
Sold Price
$800,000
Premium/Discount to List
$15,000
1.91%
Current Estimated Value
$1,145,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$345,046
Avg. Annual Appreciation
6.13%
Original Mortgage
$640,000
Outstanding Balance
$565,730
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$579,316

Purchase Details

Listed on
Feb 5, 2020
Closed on
Feb 24, 2020
Sold by
Monarch California Properties Llc
Bought by
Baboun Jacob
Seller's Agent
Sean Sullivan
Pinnacle Estate Properties, Inc.
Buyer's Agent
Christopher Awad
Century 21 On Target
List Price
$785,000
Sold Price
$800,000
Premium/Discount to List
$15,000
1.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Outstanding Balance
$565,730
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$579,316

Purchase Details

Closed on
Mar 10, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Monarch California Properties Llc

Purchase Details

Closed on
Sep 24, 2009
Sold by
Rodarte Pascual
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Mar 15, 2005
Sold by
Rodarte Andrea Kiss
Bought by
Rodarte Pascual

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2005
Sold by
Rodarte Pascual
Bought by
Rodarte Pascual

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 1994
Sold by
Rodarte Mary A and Rodarte Pascual
Bought by
Rodarte Pascual

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,505
Interest Rate
7.16%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Baboun Jacob $800,000 Priority Title
Baboun Jacob $800,000 Priority Title
Monarch California Properties Llc $349,000 Chicago Title Company
Deutsche Bank National Trust Company $314,940 Accommodation
Rodarte Pascual -- Lawyers Title Company
Rodarte Pascual $400,000 Lawyers Title Company
Rodarte Pascual -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baboun Jacob $640,000
Closed Baboun Jacob $640,000
Previous Owner Rodarte Pascual $320,000
Previous Owner Rodarte Pascual $58,505
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2020 03/31/20 Sold $800,000 +1.9% $274 / Sq Ft
02/05/2020 02/05/20 For Sale $785,000 -- $269 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,740 $874,912 $207,791 $667,121
2024 $10,740 $857,758 $203,717 $654,041
2023 $10,536 $840,940 $199,723 $641,217
2022 $10,054 $824,452 $195,807 $628,645
2021 $10,003 $808,287 $191,968 $616,319
2020 $5,406 $408,837 $245,303 $163,534
2019 $5,207 $400,822 $240,494 $160,328
2018 $5,027 $392,964 $235,779 $157,185
2016 $4,781 $377,706 $226,624 $151,082
2015 $4,714 $372,033 $223,220 $148,813
2014 $4,741 $364,746 $218,848 $145,898
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20024051

California Regional Multiple Listing Service (CRMLS)

APN: 2112-008-007

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