NOT LISTED FOR SALE

Estimated Value: $833,000 - $1,062,000

7 Beds
5 Baths
3,187 Sq Ft
$297/Sq Ft Est. Value

Last Sold September 29, 2021

Last sale price $826,000 $259 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,880/month

68 Days on Market

About This Home

As of September 2021

Attention Investors: LOCATION, LOCATION, LOCATION! This is a rare opportunity to own in the heart of Los Angeles. Live in one and rent out 3 or rent
everything for optimal cash flow with 4 units total. The detached front home features 3 bedrooms and two full bathrooms. One of
the additional units in the back is already vacant and ready to be occupied. This is a great opportunity In the ever growing Los Angeles area. You will be moments away from USC, Downtown Los Angeles, Staples Center, museums, nightlife the 101 and the 10 freeway. Don't wait. Call now before it's gone! DO NOT DISTURB THE TENANTS, SUBJECT TO INTERIOR INSPECTION ONLY!

Last Agent to Sell the Property

Jenny Segovia

Luxury Collective License #01331605 Listed on: 06/18/2021

Last Buyer's Agent

Jenny Segovia

Luxury Collective License #01331605 Listed on: 06/18/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 5,258 Sq Ft Lot
  • No Common Walls
  • Front Yard

Home Design

  • 3,187 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • Parking Available
  • Driveway

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 164
  • Tax Tract Number 226700
  • Assessor Parcel Number 5120028010

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LARD2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5120028010
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 259.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5258.00
  • Lot Size Acres: 0.1207

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 5258.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2267.00
  • Tax Lot: 164
  • Tax Tract Number: 226700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2023
Sold by
Melgar Luis A and Segovia Jenny Elizabeth
Bought by
Melgar Family Trust and Segovia Family Trust
Current Estimated Value
$945,773

Purchase Details

Closed on
May 12, 2000
Sold by
Olivas Jesse
Bought by
Garcia Gerardo and Garcia Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,670
Interest Rate
8.53%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 9, 1999
Sold by
Ctx Mtg Company
Bought by
Olivas Jesse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.56%

Purchase Details

Closed on
Nov 18, 1998
Sold by
Castro Maria
Bought by
Ctx Mtg Company

Purchase Details

Closed on
Jul 2, 1997
Sold by
Miller John Charles
Bought by
Castro Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,854
Interest Rate
7.61%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 1997
Sold by
First Bank National Assn
Bought by
Miller John Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,854
Interest Rate
7.61%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 12, 1996
Sold by
Melara Yunio A and American Svgs Bank Fa
Bought by
American Svgs Bank Fa
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

Date Buyer Sale Price Title Company
Melgar Family Trust -- Accommodation/Courtesy Recordi
Melgar Luis A -- Accommodation/Courtesy Recordi
Garcia Gerardo $285,000 Fidelity Title
Olivas Jesse $180,000 --
Ctx Mtg Company $268,062 Benefit Land Title Ins Co
Castro Maria $260,000 First American Title Co
Miller John Charles $130,000 Investors Title Company
First Bank National Assn -- Investors Title Company
American Svgs Bank Fa $210,181 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Gerardo $282,670
Previous Owner Olivas Jesse $180,000
Previous Owner Castro Maria $249,854
Previous Owner Miller John Charles $136,070
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2021 09/29/21 Sold $826,000 -5.6% $259 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $875,000 +5.9% $275 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
06/30/2021 06/30/21 Off Market $826,000 -- --
06/18/2021 06/18/21 For Sale $875,000 -- $275 / 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 $11,099 $887,078 $587,632 $299,446
2024 $10,946 $869,685 $576,110 $293,575
2023 $10,618 $842,520 $561,000 $281,520
2022 $10,132 $826,000 $550,000 $276,000
2021 $5,153 $397,564 $73,827 $323,737
2020 $5,198 $393,488 $73,070 $320,418
2019 $5,006 $385,774 $71,638 $314,136
2018 $4,902 $378,211 $70,234 $307,977
2016 $4,660 $363,526 $67,507 $296,019
2015 $4,596 $358,066 $66,493 $291,573
2014 $4,635 $351,053 $65,191 $285,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21133035

California Regional Multiple Listing Service (CRMLS)

APN: 5120-028-010