NOT LISTED FOR SALE

8611 Elm St Los Angeles, CA 90002

Estimated Value: $756,000 - $816,000

4 Beds
3 Baths
1,896 Sq Ft
$412/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $680,000 $359 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,097/month

68 Days on Market

About This Home

As of September 2022

Great Income Property. Close to Schools, Public Transportation, All Kinds of Shopping Centers and Much More. Each Unit has own Washer/Dryer Hookups and assigned parking.

Last Agent to Sell the Property

Jose Acosta

Pak Home Realty License #01488402 Listed on: 06/08/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,046

Year Built

  • Built in 1940

Lot Details

  • 6,701 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,896 Sq Ft Home
  • Cosmetic Repairs Needed

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Legal Lot and Block 38 / D
  • Tax Tract Number 5353
  • Assessor Parcel Number 6044025024
  • $1,509 per year additional tax assessments

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Operating Expense $1,200
  • Gross Income $52,620
  • Net Operating Income $52,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,046

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Assessments: No
  • Other Phone Description: Agent Cell
  • Other Phone Number: 562-200-0977
  • Price Per Unit: 233333
  • Property Attached: No
  • Zoning: LCR2YY
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6044025024
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 358.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

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: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6701.00
  • Lot Size Acres: 0.1538

Multi Family

  • Gross Income: 52620.00
  • Gross Scheduled Income: 52620.00
  • Lot Size Area: 6701.0000 Square Feet
  • Net Operating Income: 52620.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Actual Rent: 4385.00
  • Total Expenses: 1200.00

Tax Info

  • Tax Block: D
  • Tax Census Tract: 5353.00
  • Tax Lot: 38
  • Tax Tract Number: 5353
  • TaxOtherAnnualAssessmentAmount: 1509.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2022
Closed on
Aug 17, 2022
Sold by
Vahan Ghazarian
Bought by
Harris Keraun
Seller's Agent
Jose Acosta
Pak Home Realty
List Price
$700,000
Sold Price
$680,000
Premium/Discount to List
-$20,000
-2.86%
Views
5
Current Estimated Value
$781,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,859
Avg. Annual Appreciation
4.95%
Original Mortgage
$510,000
Outstanding Balance
$487,467
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$294,392

Purchase Details

Listed on
Jan 29, 2016
Closed on
Jul 7, 2016
Sold by
Ghazarian Nora
Bought by
Ghazarian Vahan
Seller's Agent
Jose Acosta
Pak Home Realty
Buyer's Agent
Jose Acosta
Pak Home Realty
List Price
$379,900
Sold Price
$365,000
Premium/Discount to List
-$14,900
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.52%
Original Mortgage
$273,750
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 29, 2016
Closed on
May 24, 2016
Sold by
3826 Maxson Road Llc
Bought by
Ghazarian Vahan and Nazarian Onik
Seller's Agent
Jose Acosta
Pak Home Realty
Buyer's Agent
Jose Acosta
Pak Home Realty
List Price
$379,900
Sold Price
$365,000
Premium/Discount to List
-$14,900
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
3826 Maxson Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2009
Sold by
Lemus Marco T
Bought by
Deutsche Bank National Trust Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2005
Sold by
Lemus Marco T
Bought by
Lemus Marco T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2003
Sold by
Lemus Marco T
Bought by
Lemus Marco T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
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
Harris Keraun $680,000 California Best Title
Nazarian Onik -- California Best Title
Ghazarian Vahan -- California Best Title
Ghazarian Vahan -- Provident Title Company
Nazarian Onik -- Provident Title Company
Ghazarian Vahan $365,000 Provident Title Company
3826 Maxson Road Llc $180,000 Lsi Title Company Ca
Deutsche Bank National Trust Company $213,900 None Available
Lemus Marco T -- North American Title Co
Lemus Marco T -- North American Title Co
Lemus Marco T -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harris Keraun $510,000
Previous Owner Ghazarian Vahan $273,750
Previous Owner 3826 Maxson Road Llc $108,000
Previous Owner Lemus Marco T $384,000
Previous Owner Lemus Marco T $248,000
Previous Owner Lemus Marco T $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2022 09/29/22 Sold $680,000 -2.9% $359 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
07/16/2022 07/16/22 For Sale $700,000 +2.9% $369 / Sq Ft
06/30/2022 06/30/22 Off Market $680,000 -- --
06/08/2022 06/08/22 For Sale $700,000 +91.8% $369 / Sq Ft
07/12/2016 07/12/16 Sold $365,000 -3.9% $193 / Sq Ft
02/08/2016 02/08/16 Pending -- -- --
01/29/2016 01/29/16 For Sale $379,900 -- $200 / 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 $10,046 $707,472 $541,008 $166,464
2024 $10,046 $693,600 $530,400 $163,200
2023 $9,629 $680,000 $520,000 $160,000
2022 $6,125 $399,177 $259,192 $139,985
2021 $6,056 $391,351 $254,110 $137,241
2019 $5,889 $380,165 $246,574 $133,591
2018 $5,740 $372,720 $241,740 $130,980
2017 $6,000 $365,000 $237,000 $128,000
2016 $3,614 $196,267 $114,490 $81,777
2015 $3,567 $193,320 $112,771 $80,549
2014 $3,578 $189,534 $110,562 $78,972
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22122956

California Regional Multiple Listing Service (CRMLS)

APN: 6044-025-024