NOT LISTED FOR SALE

Estimated Value: $657,657 - $837,000

3 Beds
2 Baths
1,392 Sq Ft
$510/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $660,000 $474 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,946/month

29 Days on Market

Highlights

  • Laundry Room
  • No Heating
  • Front Yard
  • Rectangular Lot

About This Home

As of April 2024

Great investment opportunity in the city of Los Angeles!! BOTH UNITS WILL BE DELIVERED VACANT!! On a spacious lot with plenty of onsite parking. This property has GREAT POTENTIAL!!! Property is located on a [Q]R4-1 zone lot. One unit is on top of the other, the top unit is 2 bedrooms 1 bath, the bottom unit is 1 bedroom 1 bath on title, but physically it shows as 3 bedrooms 1 bath. Buyers to verify the Permits via the LADBS website. The property is centrally located a short drive from SoFi Stadium, the Natural History Museum, Exposition Park, freeway access and Schools.

Last Agent to Sell the Property

Anthony Arana

Executive Bankers Realty Brokerage Phone: 562-755-7908 License #01225477 Listed on: 02/08/2024

Last Buyer's Agent

KARINA PICASSO

Executive Realty Services License #01246503

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $958

Year Built

  • Built in 1920

Lot Details

  • 5,852 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Front Yard

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,392 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Urban Location
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 3 / 2
  • Tax Tract Number 26
  • Assessor Parcel Number 6030020003
  • $377 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $60,000
  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$958

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 337500
  • Property Attached: Yes
  • Zoning: LAR4
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6030020003
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 474.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Rectangular Lot
  • Lot Size Sq Ft: 5852.00
  • Lot Size Acres: 0.1343

Multi Family

  • Gross Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Lot Size Area: 5852.0000 Square Feet
  • Net Operating Income: 54000.00
  • 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: 6000.00
  • Rent Control: Yes

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 2398.01
  • Tax Lot: 3
  • Tax Tract Number: 26
  • TaxOtherAnnualAssessmentAmount: 377.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2024
Closed on
Apr 24, 2024
Sold by
Doris Mae Phillips Wells Living Trust and Tomlin Khameela
Bought by
Garay Jose Banuelos and Torres Esmeralda Gonzalez
Seller's Agent
Anthony Arana
Executive Bankers Realty
Buyer's Agent
KARINA PICASSO
Executive Realty Services
List Price
$675,000
Sold Price
$660,000
Premium/Discount to List
-$15,000
-2.22%
Views
44
Current Estimated Value
$709,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,664
Avg. Annual Appreciation
5.74%
Original Mortgage
$648,045
Outstanding Balance
$639,535
Interest Rate
6.87%
Mortgage Type
FHA
Estimated Equity
$70,129

Purchase Details

Closed on
Dec 14, 2023
Sold by
Phillips-Wells Doris Mae
Bought by
Doris Mae Phillips Wells-Living Trust and Wells

Purchase Details

Closed on
Jun 10, 2006
Sold by
King Fannie and Phillips Doris Mae
Bought by
Phillips Wells Doris Mae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,185
Interest Rate
6.53%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 8, 1997
Sold by
Phillips Doris Ame
Bought by
King Fannie
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
Garay Jose Banuelos $660,000 Wfg Title Company
Doris Mae Phillips Wells-Living Trust -- None Listed On Document
Phillips Wells Doris Mae -- Fidelity National Financial
King Fannie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garay Jose Banuelos $648,045
Previous Owner Phillips Wells Doris Mae $544,185
Previous Owner King Fannie $55,470
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $660,000 -2.2% $474 / Sq Ft
04/23/2024 04/23/24 For Sale $675,000 0.0% $485 / Sq Ft
04/07/2024 04/07/24 For Sale $675,000 0.0% $485 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
02/08/2024 02/08/24 For Sale $675,000 -- $485 / 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 $958 $673,200 $530,400 $142,800
2024 $958 $55,458 $30,451 $25,007
2023 $945 $54,371 $29,854 $24,517
2022 $911 $53,306 $29,269 $24,037
2021 $892 $52,262 $28,696 $23,566
2019 $871 $50,714 $27,846 $22,868
2018 $788 $49,720 $27,300 $22,420
2016 $738 $47,791 $26,241 $21,550
2015 $730 $47,074 $25,847 $21,227
2014 $745 $46,153 $25,341 $20,812
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24027599

California Regional Multiple Listing Service (CRMLS)

APN: 6030-020-003