NOT LISTED FOR SALE

7515 Otis Ave Cudahy, CA 90201

Estimated Value: $765,000 - $1,051,000

7 Beds
3 Baths
2,404 Sq Ft
$376/Sq Ft Est. Value

Sale Details

Date Sold: April 12, 2019

Last sale price $640,000 $266 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,764 / mo

38 Days on Market

About This Home

As of April 2019

Triplex. Individual house in front is 2 bedroom. Back unit, lower level is a 2 bedroom and back unit upstairs is a 3 bedroom, both lower units have newer floors. 3 garages and sliding gate for the driveway. Don't miss out on this great deal.

Last Agent to Sell the Property

Paul Armas

Realty One Group West License #01712270 Listed on: 01/26/2019

Realty One Group West

Last Buyer's Agent

Hector Benavidez

Equity Smart Real Estate Services License #01337609

Equity Smart Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 5,529 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,404 Sq Ft Home
  • Electric Fireplace
  • Gas Fireplace
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Laminate Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms
  • Fireplace in Bathroom

Additional Features

  • Rain Gutters
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1662
  • Assessor Parcel Number 6225014036

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,000
  • Operating Expense $1,800
  • Gross Income $27,480
  • Net Operating Income $3,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

5,529 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: CUR3*
  • Property Type: Residential Income
  • Parcel Number: 6225014036
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Fireplace Features: Bath, Dining Room, Family Room, Electric, Gas
  • Price Per Square Foot: 266.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5529.00
  • Lot Size Acres: 0.1269

Multi Family

  • Gross Income: 27480.00
  • Gross Scheduled Income: 27480.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 5529.0000 Square Feet
  • Net Operating Income: 3500.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 4000.00
  • Rent Control: No
  • Total Expenses: 1800.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Census Tract: 5344.03
  • Tax Lot: 1
  • Tax Tract Number: 1662 S

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2021
Sold by
Bought by
Current Estimated Value
$903,014

Purchase Details

Listed on
Jan 26, 2019
Closed on
Apr 9, 2019
Sold by
Bought by
Seller's Agent
Paul Armas
Realty One Group West
Buyer's Agent
Hector Benavidez
Equity Smart Real Estate Services
List Price
$685,000
Sold Price
$640,000
Premium/Discount to List
-$45,000
-6.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.94%
Original Mortgage
$480,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 26, 2019
Closed on
Mar 12, 2019
Sold by
Bought by
Seller's Agent
Paul Armas
Realty One Group West
Buyer's Agent
Hector Benavidez
Equity Smart Real Estate Services
List Price
$685,000
Sold Price
$640,000
Premium/Discount to List
-$45,000
-6.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- Ticor Title Company
$640,000 Ticor Title Company
-- Chicago Title Company
-- Chicago Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $480,000
Previous Owner $330,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/12/2019 04/12/19 Sold $640,000 -6.6% $266 / Sq Ft
03/05/2019 03/05/19 Pending -- -- --
03/04/2019 03/04/19 For Sale $685,000 0.0% $285 / Sq Ft
02/04/2019 02/04/19 Pending -- -- --
01/26/2019 01/26/19 For Sale $685,000 -- $285 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,747 $713,928 $392,661 $321,267
2024 $10,283 $699,930 $384,962 $314,968
2023 $10,079 $686,207 $377,414 $308,793
2022 $9,600 $672,753 $370,014 $302,739
2021 $9,453 $659,562 $362,759 $296,803
2020 $9,514 $652,800 $359,040 $293,760
2019 $5,122 $292,715 $82,167 $210,548
2018 $4,964 $286,976 $80,556 $206,420
2016 $4,724 $275,834 $77,429 $198,405
2015 $4,645 $271,691 $76,266 $195,425
2014 $4,641 $266,370 $74,773 $191,597
Source: Public Records

Agents Affiliated with this Home

  • Paul Armas

    Seller's Agent in 2019

    Paul Armas

    Realty One Group West

    (714) 343-2650

    15 Total Sales

    Paul Armas
    Section Image
  • Hector Benavidez

    Buyer's Agent in 2019

    Hector Benavidez

    Equity Smart Real Estate Services

    (323) 702-5722

    77 Total Sales

    Hector Benavidez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19021573

California Regional Multiple Listing Service (CRMLS)

APN: 6225-014-036

California Los Angeles County Cudahy 90201

7515 Otis Ave, Cudahy, CA

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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