NOT LISTED FOR SALE

Estimated Value: $747,000 - $998,000

7 Beds
3 Baths
2,759 Sq Ft
$311/Sq Ft Est. Value

Last Sold January 23, 2024

Last sale price $775,000 $281 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,950/month

61 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Back and Front Yard

About This Home

As of January 2024

Charming Spanish-style TRIPLEX (total 7-bed and 3-bath) consists of two separate buildings with POTENTIAL to add a fourth apartment! Front building has two single-story units, each with 2 bedrooms and 1 bathroom. Rear building has a spacious, remodeled 3-bed, 1-bath apartment on the second floor with 4 unused garage spaces on the first floor. The property holds promising upside potential in rents plus the possible opportunity to convert the four garage spaces into another apartment. FANTASTIC INVESTMENT. Features include front and back yards, security gate and individual meters. All units each have their own laundry hookups. Prime location in South LA near 110 and 105 freeways. Buyer to verify building potential and numerical statements. Building is fully occupied with paying tenants.

Last Agent to Sell the Property

Lori Loucks

Seven Gables Real Estate License #01818471 Listed on: 09/15/2023

Seven Gables Real Estate

Last Buyer's Agent

Austin Choi

Coldwell Banker Best Realty License #02001685

Coldwell Banker Best Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,706

Year Built

  • Built in 1929

Lot Details

  • 5,605 Sq Ft Lot
  • Two or More Common Walls
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,759 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 46/3 / 1004
  • Tax Tract Number 237
  • Assessor Parcel Number 6020006027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,014
  • Operating Expense $16,043
  • Gross Income $52,087
  • Net Operating Income $52,357

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,706

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 266333
  • Property Attached: Yes
  • Subdivision Name Other: Mccarthy Cos Florence Ave Heights
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6020006027
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front gate
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 280.90
  • Room Type: Laundry

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5605.00
  • Lot Size Acres: 0.1287
  • Latitude Manual: 33.97187100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 52087.00
  • Gross Scheduled Income: 68400.00
  • Insurance Expense: 1014.00
  • Lot Size Area: 5605.0000 Square Feet
  • Net Operating Income: 52357.00
  • 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: 16043.00
  • Rent Control: No
  • Total Expenses: 16043.00

Tax Info

  • Tax Block: 1004
  • Tax Lot: 46/3
  • Tax Tract Number: 237...
  • Tax Annual Amount: 4705.57

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2023
Sold by
Sherman Todd
Bought by
Jung Young Jin and Bak So Yeong
Current Estimated Value
$857,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2009
Sold by
Budget Funding I
Bought by
Sherman Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2009
Sold by
Ray Angel Tamiko and Tamiko A Ray Living Trust
Bought by
Budget Funding I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2007
Sold by
Ray Tamiko A and Ray Angel
Bought by
Ray Tamiko A and Tamiko A Ray Living Trust

Purchase Details

Closed on
Jan 30, 1998
Sold by
Ray Sandellis P
Bought by
Ray Tamiko A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jung Young Jin $775,000 First American Title
Sherman Todd $300,000 Ticor Title Company
Budget Funding I Llc $349,091 Accommodation
Ray Tamiko A -- None Available
Ray Tamiko A -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jung Young Jin $620,000
Previous Owner Sherman Todd $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2024 01/23/24 Sold $775,000 -3.0% $281 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
09/15/2023 09/15/23 For Sale $799,000 -- $290 / 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 $5,006 $790,500 $714,000 $76,500
2024 $5,006 $379,640 $303,717 $75,923
2023 $4,919 $372,197 $297,762 $74,435
2022 $4,706 $364,900 $291,924 $72,976
2021 $4,633 $357,746 $286,200 $71,546
2020 $4,675 $354,079 $283,266 $70,813
2019 $4,502 $347,137 $277,712 $69,425
2018 $4,401 $340,331 $272,267 $68,064
2016 $4,188 $327,118 $261,696 $65,422
2015 $4,130 $322,206 $257,766 $64,440
2014 $4,164 $315,895 $252,717 $63,178
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23157857

California Regional Multiple Listing Service (CRMLS)

APN: 6020-006-027