NOT LISTED FOR SALE

846 E 87th St Los Angeles, CA 90002

Green Meadows Neighborhood

Estimated Value: $908,836 - $1,195,000

10 Beds
6 Baths
3,505 Sq Ft
$307/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $670,000 $191 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $6,488/month

100 Days on Market

Highlights

  • Fireplace
  • Laundry Room
  • Heating Available
  • Cooling Available
  • Level Lot

About This Home

As of December 2017

***Beautiful Turn Key Duplex*** Great location in the South/West part of Los Angeles. This spacious unit has may upgrades,premium cabinets with granite counter tops. Plenty of space for tenant parking. This is a must see!! Investors Dream Property with loyal tenants. THIS PROPERTY WONT LAST...Act Fast!!

Last Agent to Sell the Property

JULIAN ALSTON

Julian Alston, Broker License #01808855 Listed on: 03/01/2017

Last Buyer's Agent

Changsoo Lee

Urban Real Estate, Inc. License #01915374

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,544

Year Built

  • Built in 2013

Lot Details

  • 5,102 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 3,505 Sq Ft Home
  • Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 401
  • Tax Tract Number 6631
  • Assessor Parcel Number 6042021027

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $4,300
  • Operating Expense $5,500
  • Gross Income $46,500
  • Net Operating Income $46,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,544

Year Built

Built in 2013

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 4300.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6042021027
  • Year Built: 2013
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 191.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 5102.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 46500.00
  • Gross Scheduled Income: 52000.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 46500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5500.00
  • Rent Control: No
  • Total Expenses: 5500.00

Tax Info

  • Tax Census Tract: 2400.10
  • Tax Lot: 401
  • Tax Tract Number: 6631

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2019
Sold by
Park Hong Ki
Bought by
The James And Anne Park Living Trust
Current Estimated Value
$1,076,959

Purchase Details

Listed on
Mar 1, 2017
Closed on
Dec 1, 2017
Sold by
Mavi Santpal S
Bought by
Park Hong Xi
Seller's Agent
JULIAN ALSTON
Julian Alston, Broker
Buyer's Agent
Changsoo Lee
Urban Real Estate, Inc.
List Price
$700,000
Sold Price
$670,000
Premium/Discount to List
-$30,000
-4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.25%
Original Mortgage
$335,000
Outstanding Balance
$282,041
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$794,918

Purchase Details

Listed on
Mar 1, 2017
Closed on
Nov 29, 2017
Sold by
Kim Kyung Ae
Bought by
Park Hong Ki
Seller's Agent
JULIAN ALSTON
Julian Alston, Broker
Buyer's Agent
Changsoo Lee
Urban Real Estate, Inc.
List Price
$700,000
Sold Price
$670,000
Premium/Discount to List
-$30,000
-4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Outstanding Balance
$282,041
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$794,918

Purchase Details

Closed on
Oct 25, 2013
Sold by
Ocean Development Inc
Bought by
Mavi Santpal S and Mavi Jasvinder K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 10, 2012
Sold by
Smith Sonja
Bought by
Ocean Development

Purchase Details

Closed on
Oct 18, 2011
Sold by
Boyd Henry C
Bought by
Smith Sonja

Purchase Details

Closed on
Aug 26, 2003
Sold by
Boyd Doretha
Bought by
Boyd Doretha and Boyd Ii Henry C
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
The James And Anne Park Living Trust -- Old Republic Title
Park Hong Xi $660,000 Stewart Title
Park Hong Ki -- Stewart Title
Mavi Santpal S $560,000 Title 365
Ocean Development $135,000 None Available
Smith Sonja -- None Available
Boyd Doretha -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Hong Ki $335,000
Previous Owner Mavi Santpal S $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2017 12/15/17 Sold $670,000 -4.3% $191 / Sq Ft
06/09/2017 06/09/17 Pending -- -- --
03/01/2017 03/01/17 For Sale $700,000 +25.0% $200 / Sq Ft
01/03/2014 01/03/14 Sold $560,000 0.0% $160 / Sq Ft View Prior Sale
11/18/2013 11/18/13 Pending -- -- --
11/12/2013 11/12/13 For Sale $560,000 -- $160 / 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 $9,544 $750,961 $477,885 $273,076
2024 $9,544 $736,237 $468,515 $267,722
2023 $9,365 $721,802 $459,329 $262,473
2022 $8,944 $707,650 $450,323 $257,327
2021 $8,819 $693,776 $441,494 $252,282
2020 $8,901 $686,664 $436,968 $249,696
2019 $8,560 $673,200 $428,400 $244,800
2018 $8,442 $660,000 $420,000 $240,000
2017 $7,595 $591,495 $142,591 $448,904
2016 $7,391 $579,898 $139,796 $440,102
2015 $7,282 $571,189 $137,697 $433,492
2014 $7,139 $816,000 $135,000 $681,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    JULIAN ALSTON

    Julian Alston, Broker

    (951) 332-0123

    1 Total Sale

    JULIAN ALSTON
    Section Image
  • Changsoo Lee

    Buyer's Agent in 2017

    Changsoo Lee

    Urban Real Estate, Inc.

    (213) 700-3919

    Changsoo Lee
    Section Image
  • Sandra Alvarez

    Seller's Agent in 2014

    Sandra Alvarez

    American Team Properties

    (626) 524-0014

    23 Total Sales

    Sandra Alvarez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG17041252

California Regional Multiple Listing Service (CRMLS)

APN: 6042-021-027

California Los Angeles County Los Angeles 90002 Green Meadows

846 E 87th St, Los Angeles, CA

This home is located at 846 E 87th St, Los Angeles, CA 90002 since 01 March 2017 and is currently estimated at $1,076,959, approximately $307 per square foot. This property was built in 2013. 846 E 87th St is a home located in Los Angeles County with nearby schools including South Park Elementary School, Charles Drew Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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