NOT LISTED FOR SALE

Estimated Value: $993,000 - $1,088,000

4 Beds
4 Baths
2,100 Sq Ft
$502/Sq Ft Est. Value

Last Sold March 03, 2023

Last sale price $570,000 $271 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $6,229/month

207 Days on Market

Highlights

  • 3 Car Detached Garage
  • Bungalow
  • 4-minute walk to Mount Carmel Recreation Center

About This Home

As of March 2023

This property is located in the redevelopment plan for Los Angeles, Vermont Knolls, the county is starting construction of a new complex that will hold 180 units of affordable housing, a public school, a transit plaza, a bus transfer center, and shops. The lot size is re-zoned for a future desirable three unit with an ADU on top of the garage making it a total of four units, Its current use is zoned as a fourplex, all units are currently rented except one for the new owner who may like to occupy it using FHA or VA financing. This is a great investment opportunity for owner users or investors. Two of the units were recently upgraded. The long driveway leads to a spacious backyard. There you will find a 3 car garage which provides ample parking spaces. Please contact the listing agent for showing availability. The seller is currently in a request for a short sale approval, make all offers subject to short sale approval. Contact the listing agent for more information.

Last Agent to Sell the Property

Ernestine Crews

Ernestine Crews License #01013911 Listed on: 06/20/2022

Last Buyer's Agent

Ernestine Crews

Ernestine Crews License #01013911 Listed on: 06/20/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,401

Year Built

  • Built in 1929

Lot Details

  • 7,152 Sq Ft Lot

Home Design

  • Bungalow

Interior Spaces

  • 2,100 Sq Ft Home
  • Laminate Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Car Detached Garage
  • Driveway

Utilities

  • Vented Exhaust Fan
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • The owner pays for gardener, electricity, water
  • Assessor Parcel Number 6013-008-006

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,401

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Street Number Display: Yes
  • Living Area: 2100
  • Lot Acreage: 0.1642
  • Year Built: 1929
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Laminate
  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Equipment: Vented Exhaust Fan, Range/Oven
  • Price Per S Q F T: 275.71

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Detached, Driveway - Combination
  • Total Parking: 3

Utilities

  • Electric Expense: 80.00
  • Heating: Wall Electric
  • Water Expense: 350.00
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 18.18
  • Assessed Improvement Value: 121243
  • Assessed Land Percent: 81.82
  • Assessed Land Value: 545594
  • Total Assessed Value: 666837
  • Assessor Parcel Number: 6013-008-006
  • Lot Size Area: 7152

Rental Info

  • Total Actual Rent: 3564.00
  • Land Lease Type: Fee
  • Owner Pays: Gardener, Electricity, Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.83
  • Number Of Units: 4
  • Total Annual Expense: 530
  • Type Of Units: 4
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2022
Closed on
Jan 10, 2023
Sold by
Kumer Chana
Bought by
Kumer Sholom
Seller's Agent
Ernestine Crews
Ernestine Crews
Buyer's Agent
Ernestine Crews
Ernestine Crews
List Price
$849,900
Sold Price
$570,000
Premium/Discount to List
-$279,900
-32.93%
Views
25
Current Estimated Value
$1,053,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$483,333
Avg. Annual Appreciation
27.23%

Purchase Details

Closed on
Jan 28, 2020
Sold by
839 West 69Th Street Llc
Bought by
Aina Boluwatife and Oshunluyi Olatunbosun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,045
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 10, 2020
Sold by
Aina Boluwatife
Bought by
Kumer Sholom

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,045
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 14, 2019
Sold by
Sinai Farzad
Bought by
839 West 69Th Street Llc

Purchase Details

Listed on
Jun 23, 2017
Closed on
Jun 27, 2017
Sold by
Danial Rona
Bought by
Sinai Farzad
Seller's Agent
Douglas Carrillo
Century 21 Allstars
Buyer's Agent
Armin Soleimani
Global Platinum Properties, Inc.
List Price
$539,000
Sold Price
$515,000
Premium/Discount to List
-$24,000
-4.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.11%
Original Mortgage
$360,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 30, 2015
Closed on
Aug 18, 2015
Sold by
Hercules Carmen and Bonilla Jose
Bought by
Danial Rona
Seller's Agent
Sebero Quintero
First Family Homes
Buyer's Agent
Sebero Quintero
First Family Homes
List Price
$290,000
Sold Price
$304,000
Premium/Discount to List
$14,000
4.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.76%

Purchase Details

Closed on
Sep 7, 2007
Sold by
Hercules Evelia
Bought by
Hercules Carmen

Purchase Details

Closed on
Aug 29, 2007
Sold by
Bonilla Jose I
Bought by
Hercules Carmen

Purchase Details

Closed on
Mar 14, 2006
Sold by
Bonilla Maria Dina
Bought by
Bonilla Jose I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
2.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 8, 2006
Sold by
Polk Efren
Bought by
Bonilla Jose I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
2.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 18, 2005
Sold by
Polk Dawn
Bought by
Polk Efren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
7.52%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 19, 2005
Sold by
Jackson Sidney
Bought by
Polk Efren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
7.52%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 26, 2003
Sold by
Grazette Sydney C and Jackson Sidney C
Bought by
Grazette Sydney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2002
Sold by
Grazette Sydney C
Bought by
Grazette Sydney C and Jackson Sidney C

Purchase Details

Closed on
Feb 1, 2002
Sold by
Grazette Sydney and Jackson Sidney
Bought by
Jackson Sidney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
6.94%

Purchase Details

Closed on
Jan 16, 2002
Sold by
The Bank Of New York
Bought by
Grazette Sydney C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
6.94%

Purchase Details

Closed on
Aug 1, 2001
Sold by
Melgarejo Mercedes Campo
Bought by
The Bank Of New York

Purchase Details

Closed on
Jun 23, 2000
Sold by
Melgarejo Gerardo
Bought by
Melgarejo Mercedes C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,200
Interest Rate
8.37%

Purchase Details

Closed on
Mar 28, 1999
Sold by
Bank Of New York
Bought by
Wise Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.91%

Purchase Details

Closed on
Oct 14, 1998
Sold by
Clark Matthew L and Clark Yvonne
Bought by
Cwmbs Inc and Mortgage Pass Through Certificates Serie
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
Kumer Sholom -- --
Aina Boluwatife $660,000 North American Title Company
Kumer Sholom $570,000 --
839 West 69Th Street Llc -- Chicago Title
Sinai Farzad $515,000 Title 365
Danial Rona $304,000 Title 365
Hercules Carmen -- Title 365
Hercules Carmen -- Orange Coast Title
Hercules Carmen $45,000 Orange Coast Title
Bonilla Jose I -- Alliance Title
Bonilla Jose I $550,000 Alliance Title
Polk Efren -- --
Polk Efren $420,000 Old Republic Title Company
Grazette Sydney -- First American Title Co
Grazette Sydney C -- --
Jackson Sidney -- --
Grazette Sydney C $160,000 United Title Company
The Bank Of New York $157,500 Landsafe Title
Melgarejo Mercedes C -- Southland Title Company
Melgarejo Mercedes Campo $249,000 Southland Title Company
Wise Investments Llc $134,000 Landsafe Title
Cwmbs Inc $147,500 Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aina Boluwatife $648,045
Previous Owner Kumer Sholom $456,000
Previous Owner Sinai Farzad $360,000
Previous Owner Bonilla Jose I $495,000
Previous Owner Polk Efren $336,000
Previous Owner Grazette Sydney $212,000
Previous Owner Grazette Sydney C $128,000
Previous Owner Melgarejo Mercedes Campo $199,200
Previous Owner Wise Investments Llc $145,000
Closed Melgarejo Mercedes Campo $37,350
Closed Grazette Sydney C $32,000
Closed Polk Efren $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2023 03/03/23 Sold $570,000 -1.6% $271 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
07/28/2022 07/28/22 Price Changed $579,000 -31.9% $276 / Sq Ft
06/20/2022 06/20/22 For Sale $849,900 +65.0% $405 / Sq Ft
07/07/2017 07/07/17 Sold $515,000 0.0% $268 / Sq Ft
06/26/2017 06/26/17 Off Market $515,000 -- --
06/25/2017 06/25/17 Price Changed $529,000 -2.0% $275 / Sq Ft
06/23/2017 06/23/17 Price Changed $539,900 +0.2% $280 / Sq Ft
06/23/2017 06/23/17 For Sale $539,000 +77.3% $280 / Sq Ft
08/27/2015 08/27/15 Sold $304,000 +4.8% $169 / Sq Ft
08/24/2015 08/24/15 Pending -- -- --
06/30/2015 06/30/15 For Sale $290,000 -- $161 / Sq Ft
Source: The MLS

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 $7,401 $593,028 $395,352 $197,676
2024 $7,401 $581,400 $387,600 $193,800
2023 $8,751 $693,775 $567,635 $126,140
2022 $8,356 $680,172 $556,505 $123,667
2021 $8,249 $666,837 $545,594 $121,243
2020 $6,840 $535,806 $364,140 $171,666
2019 $6,579 $525,300 $357,000 $168,300
2018 $6,498 $515,000 $350,000 $165,000
2016 $3,935 $304,000 $220,000 $84,000
2015 $7,607 $612,027 $459,022 $153,005
2014 $7,657 $600,039 $450,031 $150,008
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-169439

The MLS

APN: 6013-008-006