NOT LISTED FOR SALE

7719 Parmelee Ave Los Angeles, CA 90001

Estimated Value: $729,000 - $905,000

6 Beds
5 Baths
2,200 Sq Ft
$369/Sq Ft Est. Value

Last Sold January 02, 2013

Last sale price $328,000 $149 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $4,972/month

Highlights

  • Traditional Architecture
  • Tile Flooring
  • Heating System Uses Natural Gas
  • Corner Lot

About This Home

As of January 2013

Move-in Condition!!!!.Clean, 3 bed 2 bath front house built Yr.1988 middle 2 bed 1 bath built Yr. 1926 Plus (storage room size:20x30 approximate) and separate 1bd with 2 baths built Yr. 1991. Also Additional 2 Car Detached Garage 5 SEPERATE STRUCTURES. 'STANDARD SALE'. Projected rents. Sold 'As Is' New paint, carpet, blinds ready for tenants. 'NO RENT CONTROL' Per tax assessors information not always reliable and never Guaranteed. Prime Rental Location High Demand and across from school, blocks from mall shoping,church also near(Fwy 110)

Last Agent to Sell the Property

Arturo Basulto

Basulto Real Estate Services License #01123633 Listed on: 08/15/2012

Last Buyer's Agent

Luis Basulto

DIVERSIFIED WORKS License #01062046

DIVERSIFIED WORKS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,580

Year Built

  • Built in 1991

Lot Details

  • 7,675 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Garage
  • 4 Carport Spaces
  • Rear-Facing Garage

Home Design

  • Traditional Architecture
  • Fire Rated Drywall
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,200 Sq Ft Home
  • Tile Flooring
  • Formica Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 61
  • Assessor Parcel Number 6024022036

Community Details

Overview

  • 5 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $540
  • Insurance Expense $6
  • Trash Expense $780
  • Water Sewer Expense $1
  • New Taxes Expense $4,932
  • Gross Income $3,280
  • Net Operating Income $2,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,580

Year Built

Built in 1991

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 0.81
  • View: No
  • Water Sewer Expenses: 1.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 6024022036
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters
  • Flooring: Tile
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 149.09

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Carport, Garage Faces Rear
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Trash Expense: 780.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7675.00
  • Lot Size Acres: 0.1760

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 3280.00
  • Gross Multiplier: 101.49
  • Gross Scheduled Income: 3280.00
  • Insurance Expense: 6.00
  • Net Operating Income: 2700.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number Wall A C: 1
  • Number With Carpet: 3
  • Number With Drapes: 3
  • Operating Expense: 2700.00

Tax Info

  • New Taxes Expense: 4932.00
  • Tax Area: 1198
  • Tax Lot: 61
  • Tax Year: 4932

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2018
Sold by
Kwan Alfred P and Kwan Barbara B
Bought by
Kwan Alfred P and Kwan Barbara B
Current Estimated Value
$812,000

Purchase Details

Closed on
Aug 18, 2012
Sold by
Lee Chang Joon and Lee Young Sook
Bought by
Kwan Alfred P and Kwan Barbara B

Purchase Details

Listed on
May 21, 2012
Closed on
Jun 13, 2012
Sold by
Hsbc Bank Usa Na
Bought by
Lee Chang Joon and Lee Young Sook
Seller's Agent
Joe Kimaz
The Madison Real Estate Group Inc.
Buyer's Agent
Chuck Hill
List Price
$229,000
Sold Price
$225,000
Premium/Discount to List
-$4,000
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.15%

Purchase Details

Closed on
Jun 10, 2010
Sold by
San Carlos A and San Maria Elena
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Feb 20, 2010
Sold by
San Maria Elena and San Carlos A
Bought by
San Maria Elena and San Carlos A

Purchase Details

Closed on
Apr 5, 2007
Sold by
San Maria Elena
Bought by
San Carlos A and San Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$482,400
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2004
Sold by
Hometown Community Development Corp
Bought by
San Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,400
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 16, 2003
Sold by
Hud
Bought by
Hometown Community Development

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,900
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 19, 2003
Sold by
Chase Manhattan Mortgage Corp
Bought by
Gv Hud

Purchase Details

Closed on
Apr 25, 2003
Sold by
Cruz Gary A
Bought by
Chase Manhattan Mortgage Corp

Purchase Details

Closed on
May 21, 1999
Sold by
Cruz Felix
Bought by
Cruz Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,030
Interest Rate
7.63%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Kwan Alfred P -- None Available
Kwan Alfred P $328,000 None Available
Lee Chang Joon $225,500 Entitle Direct Group Inc
Hsbc Bank Usa Na $260,000 None Available
San Maria Elena -- None Available
San Carlos A -- Alliance Title Company
San Maria Elena $290,000 Provident Title Company
Hometown Community Development $265,000 Provident Title Company
Gv Hud -- First American Title Ins Co
Chase Manhattan Mortgage Corp $256,134 First American Title Co
Cruz Gary $240,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner San Carlos A $482,400
Previous Owner San Maria Elena $397,500
Previous Owner San Maria Elena $275,400
Previous Owner Hometown Community Development $252,900
Previous Owner Cruz Gary A $16,528
Previous Owner Cruz Gary $238,030
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2013 01/02/13 Sold $328,000 -1.5% $149 / Sq Ft
08/15/2012 08/15/12 Pending -- -- --
08/15/2012 08/15/12 For Sale $332,900 +48.0% $151 / Sq Ft
06/18/2012 06/18/12 Sold $225,000 -1.7% $102 / Sq Ft
05/31/2012 05/31/12 Pending -- -- --
05/21/2012 05/21/12 For Sale $229,000 -- $104 / 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 $6,580 $403,900 $246,282 $157,618
2024 $6,580 $395,981 $241,453 $154,528
2023 $6,228 $388,218 $236,719 $151,499
2022 $5,976 $380,607 $232,078 $148,529
2021 $5,907 $373,145 $227,528 $145,617
2020 $5,942 $369,559 $225,195 $144,364
2019 $5,747 $362,319 $220,780 $141,539
2018 $5,560 $355,220 $216,451 $138,769
2016 $5,330 $341,197 $208,047 $133,150
2015 $5,255 $336,072 $204,922 $131,150
2014 $5,263 $329,489 $200,908 $128,581
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1204327

California Regional Multiple Listing Service (CRMLS)

APN: 6024-022-036