$975,000
SOLD FEB 4, 2019

870 N La Fayette Park Place Los Angeles, CA 90026

2 Beds
4 Baths
2,215 Sq Ft
8,961 Sq Ft Lot

Recently Sold

$440 Per Sq Ft

19% Below List Price

144 Days on Market

Highlights

  • Foothills
  • Carpet
  • Front Yard
  • John Marshall Senior High Rated A

About This Home

As of February 2019

4 units. Desirable area in the city Los Angeles, Silver Lake Area, it is close to Dodger Stadium, China Town, Close to Downtown Los Angeles. The second floor unit has a beautiful View of Downtown LA.
AGENTS AND BUYERS PLEASE NOTE THAT ACCORDING TO CITY RECORDS AND ASSESSOR'S INFORMATIOM THIS PROPERTY IS A THREE UNIT WITH A GUESS ROOM COMPLEX, WITH APROXIMATELY 2,215 SQUARE FEET LIVING SPACE. ANY QUESTIONS CONTACT ME.

Last Agent to Sell the Property

Erick Montoya Puerto

Excellence RE Real Estate License #02023617 Listed on: 05/07/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,241

Year Built

  • Built in 1909

Lot Details

  • 8,961 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 2,215 Sq Ft Home
  • Living Room with Fireplace

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 12
  • Assessor Parcel Number 5402003012

Community Details

Overview

  • 4 Units
  • Foothills

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $960
  • Insurance Expense $1,225
  • Trash Expense $360
  • Water Sewer Expense $1,000
  • New Taxes Expense $15,000
  • Operating Expense $3,545
  • Gross Income $2,400
  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,241

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1000.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5402003012
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 440.18

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Laundry: No
  • Electric: Standard
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 8961.00
  • Lot Size Acres: 0.2057

Multi Family

  • Fuel Expense: 960.00
  • Gross Income: 2400.00
  • Gross Scheduled Income: 2400.00
  • Insurance Expense: 1225.00
  • Lot Size Area: 8961.0000 Square Feet
  • Net Operating Income: 28800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 3545.00
  • Rent Control: Yes
  • Total Actual Rent: 2400.00
  • Total Expenses: 3545.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Census Tract: 1958.04
  • Tax Lot: 27
  • Tax Tract Number: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2023
Sold by
Hadaya Russell M
Bought by
Lafayette Manor Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,527,910
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 2020
Sold by
Hadaya Russell M and Jones Brad G
Bought by
Hadaya Russell M and Jones Brad G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,035,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 7, 2018
Closed on
Mar 5, 2019
Sold by
Hadaya Russell and Jones Brad G
Bought by
Hadaya Russell and Jones Brad G
Seller's Agent
Erick Montoya Puerto
Excellence RE Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,200,000
Sold Price
$975,000
Premium/Discount to List
-$225,000
-18.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.45%
Original Mortgage
$780,000
Interest Rate
8.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 31, 2018
Sold by
Quiroz Carlos S
Bought by
Hadaya Russell and Jones Brad G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
4.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 2, 2011
Sold by
Quiroz Carlos S and Quiroz Silvia J
Bought by
Quiroz Carlos S and Quiroz Silvia J

Purchase Details

Closed on
Apr 21, 2011
Sold by
Quiroz Carlos S and Quiroz Silvia J
Bought by
Quiroz Carlos S and Quiroz Silvia J

Purchase Details

Closed on
Apr 2, 1996
Sold by
Balancio Evangelina and Balancio Jose
Bought by
Quiroz Carlos Santana and Quiroz Silvia Dejesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,949
Interest Rate
7.68%
Mortgage Type
FHA

Purchase Details

Closed on
May 31, 1995
Sold by
Uhl Peter O
Bought by
Balancio Jose and Balancio Evangelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.71%
Source: Public Records

Similar Homes in Los Angeles, CA

  • 9004 S San Pedro St, Los Angeles, CA 90003

    $1,200,000

    • 11 Beds
    • 8 Baths
    • 4,260 Sq Ft
    • 9004 S San Pedro St
    • Los Angeles, CA

    Great investment opportunity!! Don't miss this well-located triplex offering substantial living space in each unit. A significant asset is the inclusion of three attached garages, providing covered two-car parking for residents. Additional parking in driveway. Currently, two units have month-to-month tenants in place, offering immediate income potential. The third unit a 4 bed/ 2.5 ba is vacant,

    Sherie Howard Sherie Howard & Associates, Inc

    Section Image
  • 145 N Toluca St, Los Angeles, CA 90026

    $1,200,000

    • 9 Beds
    • 7 Baths
    • 3,943 Sq Ft
    • 145 N Toluca St
    • Los Angeles, CA

    Prime Development Opportunity | Approved Plans for 4 Units + Jr. ADU | Park front with DTLA Views: Unlock the potential of this exceptional investment opportunity located directly across from a scenic park with captivating Downtown Los Angeles skyline views. This rare offering includes approved plans to develop four units plus a Junior ADU, transforming a single-family home into a high-yield,

    Cristina Dam Keller Williams Realty Los Feliz

    Section Image
  • 3304 Pepper Ave, Los Angeles, CA 90065

    $1,100,000

    • 9 Beds
    • 7 Baths
    • 7,632 Sq Ft
    • 3304 Pepper Ave
    • Los Angeles, CA

    Discover an incredible investment opportunity in the heart of vibrant Cypress Park! This versatile property features two commercial units at street level, perfect for retail, office, or creative space, offering excellent visibility and foot traffic along Cypress Ave. Above the commercial spaces, you’ll find five residential apartments. The apartments boast a mix of layouts and size. Located in

    Manuel Fierros Ontrak Real Estate

    Section Image
  • 2752 W 15th St, Los Angeles, CA 90006

    $1,199,000

    • 9 Beds
    • 4,841 Sq Ft
    • 2752 W 15th St
    • Los Angeles, CA

    Charming property for sale! This unique offering features two buildings on one lot, located in a designated HPOZ (Historic Preservation Overlay Zone). The front building boasts four spacious 2-bedroom units, each with abundant natural light and a functional layout, perfect for comfortable living and entertaining. Behind it, you'll find a quaint 1-bedroom single-family-style house, ideal for

    Young Hong New Star Realty & Investment

    Section Image
  • 510 E 23rd St, Los Angeles, CA 90011

    $1,099,000

    • 12 Beds
    • 6 Baths
    • 6,936 Sq Ft
    • 510 E 23rd St
    • Los Angeles, CA

    Spectacular offering of a 12-unit building in the Historic Central submarket of Los Angeles. Just south of downtown LA, this stylish building provides the perfect opportunity to add value as well as significant upside in rents. The unit mix is 12 Single Room Occupancies (SRO) with 6 two bedroom tandem units with separate exterior entrances to the 2nd bedrooms and 6 one bedroom units. There is a

    Grant Linscott Keller Williams Realty Los Feliz

    Section Image
  • 2122 Thomas St, Los Angeles, CA 90031

    $1,189,000

    • 9 Beds
    • 4 Baths
    • 4,489 Sq Ft
    • 2122 Thomas St
    • Los Angeles, CA

    New Listing – 4 Units + ADU Opportunity in Lincoln HeightsIncredible investment opportunity! This 4-unit property features two separate structures on one lot with a combined 4,793 sq. ft. of living space.Front Duplex (2,991 sq. ft.):Unit A: 2 Bed / 1 BathUnit B: 3 Bed / 1 Bath – recently remodeledRear Duplex (1,802 sq. ft.):Unit C: 2 Bed / 1 BathUnit D: 2

    Pablo Aspiazu Homequest Real Estate

    Section Image
  • 1320 Crenshaw Blvd, Los Angeles, CA 90019

    $1,200,000

    • 12 Beds
    • 5 Baths
    • 3,352 Sq Ft
    • 1320 Crenshaw Blvd
    • Los Angeles, CA

    Spacious 4 unit building in Pico/Crenshaw area of central Los Angeles, near Koreatown and Mid-Wilshire. Recent upgrades include a new roof around 4 years ago and a newer heating system. Building's current use is as a 12-room boarding house, grossing $7,606/month. There are 5 bathrooms ( 3 upstairs and 2 downstairs), and two communal kitchens, one on each floor. Seller pays all utilities,

    Darin Spillman Kidder Mathews of California, Inc.

    Section Image
  • 505 S Chicago St, Los Angeles, CA 90033

    $1,000,000

    • 10 Beds
    • 5 Baths
    • 4,902 Sq Ft
    • 505 S Chicago St
    • Los Angeles, CA

    We are pleased to offer for sale this five (5) unit multifamily investment opportunity located at 505 S. Chicago Street, in Boyle Heights. This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1905 with a square footage of 4,902 on a 7,500-square foot lot. The building has been reinforced and upgraded in compliance

    Davis Saadian Keller Williams Hollywood Hills

    Section Image
  • 1366 W 37th Place, Los Angeles, CA 90007

    $990,000

    • 10 Beds
    • 6 Baths
    • 3,678 Sq Ft
    • 1366 W 37th Place
    • Los Angeles, CA

    Back on market with 2nd price reduction. 6-unit apartment building located within the USC Patrol Zone. The property is located 2.5 blocks west of the USC Campus and currently has two vacant 1 bedroom bungalow-style units. With an ideal unit mix of four 1 bedroom 1 bath, one 3 bedroom 1 bath, and one 3 bedroom 2 bath units, the asset presents an opportunity for an investor to convert the tenancy

    Darin Spillman Kidder Mathews of California, Inc.

    Section Image

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 Type Sale Price Title Company
Grant Deed -- Fidelity National Title
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- None Available
Grant Deed $975,000 Fidelity National Title Comp
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $153,000 South Coast Title Company
Grant Deed $120,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $3,527,910 New Conventional
Previous Owner $1,035,000 New Conventional
Previous Owner $1,012,500 New Conventional
Previous Owner $780,000 Adjustable Rate Mortgage/ARM
Previous Owner $97,500 Seller Take Back
Previous Owner $120,000 Credit Line Revolving
Previous Owner $423,000 Unknown
Previous Owner $242,000 Unknown
Previous Owner $222,000 Unknown
Previous Owner $189,000 Unknown
Previous Owner $149,949 FHA
Previous Owner $84,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 For Sale $5,999,999 +515.4% $921 / Sq Ft
02/04/2019 02/04/19 Sold $975,000 0.0% $440 / Sq Ft
09/28/2018 09/28/18 Pending -- -- --
09/26/2018 09/26/18 Off Market $975,000 -- --
05/07/2018 05/07/18 For Sale $1,200,000 -- $542 / 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
2024 $13,241 $1,066,301 $765,550 $300,751
2023 $12,987 $1,045,394 $750,540 $294,854
2022 $12,389 $1,024,897 $735,824 $289,073
2021 $12,229 $1,004,802 $721,397 $283,405
2020 $12,349 $994,500 $714,000 $280,500
2019 $3,092 $227,831 $226,355 $1,476
2018 $3,025 $223,365 $221,917 $1,448
2016 $2,740 $214,693 $213,300 $1,393
2015 $2,701 $211,470 $210,097 $1,373
2014 $2,738 $207,329 $205,982 $1,347
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: DW18104981

California Regional Multiple Listing Service (CRMLS)

APN: 5402-003-012