NOT LISTED FOR SALE

Estimated Value: $686,000 - $836,000

3 Beds
2 Baths
1,620 Sq Ft
$464/Sq Ft Est. Value

Last Sold May 22, 2015

Last sale price $389,000 $240 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $4,657/month

2 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Granite Countertops
  • No HOA
  • Spanish Architecture
  • Lawn
  • Den

About This Home

As of May 2015

Brand new duplex located in East Los Angeles! Delightfully designed! This is a great opportunity for investors or homeowners to rent one and live in the other! This home will be delivered vacant and is a brand new 2015 remodel. just. All 1620 square feet are fully permitted with no expense being spared in construction. There is enough parking for 4 cars which includes a brand new detached two car garage. There is also additional street parking. The house features granite countertops, custom cabinets, subway tile, laminate flooring, berber carpet, new appliances, new windows, new roof, and all new concrete! Not to mention all new electrical and plumbing! Each unit will also have its own gas/electric meter and also their own washer/dryer hook ups. This home is priced to sell so be sure to act quick!

Last Agent to Sell the Property

Drew Dunn

Four Brothers Real Estate, Inc. License #01941825 Listed on: 02/21/2015

Last Buyer's Agent

Daniel Alvarez

American Team Properties License #01186073

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,879

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 5,100 Sq Ft Lot
  • Property fronts a highway
  • Property fronts an alley
  • 1 Common Wall
  • Redwood Fence
  • New Fence
  • Landscaped
  • Sprinkler System
  • Lawn
  • Garden
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Spanish Architecture
  • Property Attached
  • Shingle Roof
  • Copper Plumbing

Interior Spaces

  • 1,620 Sq Ft Home
  • Crown Molding
  • Recessed Lighting
  • Electric Fireplace
  • Gas Fireplace
  • Panel Doors
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Den

Kitchen

  • Granite Countertops
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • 2 Bathrooms
  • Fireplace in Bathroom

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tax Lot 693
  • Tax Tract Number 6097
  • Assessor Parcel Number 6023023012

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $720
  • Insurance Expense $500
  • Trash Expense $500
  • Water Sewer Expense $600
  • New Taxes Expense $1,500
  • Gross Income $2,400
  • Net Operating Income $22,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,879

Year Built

Built in 1925 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street, Highway
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 600.00
  • Architectural Style: Spanish
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 6023023012
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Crown Molding, Copper Plumbing Full, Granite Counters, Recessed Lighting
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: Panel Doors
  • Fireplace Features: Bath, Dining Room, Electric, Family Room, Gas, Kitchen, Living Room, Master Bedroom
  • Levels: One
  • Price Per Square Foot: 240.12
  • Room Type: Den, Family Room, Living Room, Master Bedroom

Exterior Features

  • Exterior Features: Lighting, Rain Gutters
  • Fencing: New Condition, Redwood
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Sewer Available
  • Heating: Yes
  • Appliances: Water Heater
  • Heating Type: Wall Furnace
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 0-1 Unit/Acre, Front Yard, Garden, Lawn, Landscaped, Sprinkler System
  • Lot Size Sq Ft: 5100.00
  • Lot Size Acres: 0.1170

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 500.00
  • Lot Size Area: 5100.0000 Square Feet
  • Net Operating Income: 22800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 6000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1500.00
  • Tax Lot: 693
  • Tax Tract Number: 6097

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2022
Sold by
Fabian Joaquin A
Bought by
Fabian Joaquin A
Current Estimated Value
$750,886

Purchase Details

Listed on
Feb 21, 2015
Closed on
May 11, 2015
Sold by
243 Newport Llc
Bought by
Fabian Joaquin A and Retana Adelma E
Seller's Agent
Drew Dunn
Four Brothers Real Estate, Inc.
Buyer's Agent
Daniel Alvarez
American Team Properties
List Price
$389,000
Sold Price
$389,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%
Original Mortgage
$381,954
Interest Rate
3.63%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 16, 2014
Closed on
Nov 26, 2014
Sold by
Norflin Lizzie Mae
Bought by
243 Newport Llc
Seller's Agent
Power Broker
Buyer's Agent
Power Broker
List Price
$275,000
Sold Price
$235,000
Premium/Discount to List
-$40,000
-14.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
232.01%
Original Mortgage
$190,000
Interest Rate
3.96%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 13, 2005
Sold by
Norflin Roosevelt and Norflin Lizzie Mae
Bought by
Norflin Roosevelt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,801
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2003
Sold by
Norflin Roosevelt and Norflin Lizzie Mae
Bought by
Norflin Roosevelt
Source: Public Records

Range of Values:

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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
Fabian Joaquin A -- First American Title Company O
Fabian Joaquin A $389,000 Wfg National Title
243 Newport Llc -- Title 365
Norflin Roosevelt -- Commonwealth Title
Norflin Roosevelt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fabian Joaquin A $50,000
Previous Owner Fabian Joaquin A $440,000
Previous Owner Fabian Joaquin A $423,280
Previous Owner Fabian Joaquin A $381,954
Previous Owner 243 Newport Llc $190,000
Previous Owner 243 Newport Llc $190,000
Previous Owner Norflin Roosevlet $115,000
Previous Owner Norflin Roosevelt $91,801
Previous Owner Norflin Roosevelt $68,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2015 05/22/15 Sold $389,000 0.0% $240 / Sq Ft
02/23/2015 02/23/15 Pending -- -- --
02/21/2015 02/21/15 For Sale $389,000 +65.5% $240 / Sq Ft
12/20/2014 12/20/14 Sold $235,000 -14.5% $145 / Sq Ft
11/29/2014 11/29/14 Pending -- -- --
10/02/2014 10/02/14 For Sale $275,000 0.0% $170 / Sq Ft
10/02/2014 10/02/14 Price Changed $275,000 +17.0% $170 / Sq Ft
08/26/2014 08/26/14 Off Market $235,000 -- --
08/01/2014 08/01/14 Price Changed $250,000 -9.1% $154 / Sq Ft
07/25/2014 07/25/14 For Sale $275,000 0.0% $170 / Sq Ft
07/25/2014 07/25/14 Price Changed $275,000 +17.0% $170 / Sq Ft
07/17/2014 07/17/14 Off Market $235,000 -- --
07/16/2014 07/16/14 For Sale $225,000 -- $139 / 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 $6,879 $558,875 $379,500 $179,375
2024 $6,879 $547,917 $372,059 $175,858
2023 $6,749 $537,174 $364,764 $172,410
2022 $5,435 $440,547 $259,346 $181,201
2021 $5,364 $431,910 $254,261 $177,649
2019 $5,206 $419,101 $246,720 $172,381
2018 $5,135 $410,884 $241,883 $169,001
2016 $5,280 $394,932 $232,492 $162,440
2015 $3,128 $247,000 $176,100 $70,900
2014 -- $127,108 $40,546 $86,562
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15037272

California Regional Multiple Listing Service (CRMLS)

APN: 6023-023-012