NOT LISTED FOR SALE

905 E 87th Place Los Angeles, CA 90002

Green Meadows Neighborhood

Estimated Value: $800,000 - $990,545

6 Beds
3 Baths
2,582 Sq Ft
$337/Sq Ft Est. Value

Last Sold January 01, 2017

Last sale price $535,000 $207 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,152/month

5 Days on Market

About This Home

As of January 2017

Beautiful TRIPLEX, STANDARD SALE Don't let this opportunity of income property pass you by. 3 Units 2 bedrooms 1 Bath each. 2 Buildings in one lot. PLEASE DO NOT DISTURB TENANTS. Thank You.

Last Agent to Sell the Property

Hugo Cervantes

Home Central Realty License #01733336 Listed on: 07/13/2016

Last Buyer's Agent

Hugo Cervantes

Home Central Realty License #01733336 Listed on: 07/13/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 5,103 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 2,582 Sq Ft Home
  • Dining Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 373
  • Tax Tract Number 6631
  • Assessor Parcel Number 6042024015

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $40
  • Water Sewer Expense $60
  • New Taxes Expense $6,687
  • Gross Income $3,600
  • Net Operating Income $55,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

5,103 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 60.00
  • Property Type: Residential Income
  • Parcel Number: 6042024015
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Dining Room
  • Levels: Two
  • Price Per Square Foot: 207.20

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 40.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5103.00
  • Price Per Lot Square Foot: 104.84

Multi Family

  • Gross Income: 3600.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 800.00
  • Net Operating Income: 55200.00
  • 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: 2400.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 6687.00
  • Tax Lot: 373
  • Tax Tract Number: 6631

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2022
Sold by
Lora Mario
Bought by
Lora Maria
Current Estimated Value
$869,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Outstanding Balance
$539,053
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$330,333

Purchase Details

Listed on
Jul 13, 2016
Closed on
Dec 21, 2016
Sold by
Lora Nancy
Bought by
Lora Mario
Seller's Agent
Hugo Cervantes
Home Central Realty
Buyer's Agent
Hugo Cervantes
Home Central Realty
List Price
$535,000
Sold Price
$535,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%

Purchase Details

Closed on
Jul 20, 2016
Sold by
Duran Noemy
Bought by
Lora Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,144
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 20, 2015
Sold by
Robinson Aaron V and Robinson Shirley A
Bought by
Duran Noemy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,392
Interest Rate
3.8%
Mortgage Type
FHA

Purchase Details

Closed on
May 1, 2012
Sold by
Robinson Aaron V
Bought by
Robinson Aaron V
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lora Maria -- New Title Company Name
Lora Mario -- North American Title
Lora Mario $535,000 North American Title
Duran Noemy $420,000 North American Title Company
Robinson Aaron V -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lora Maria $585,000
Previous Owner Lora Mario $517,144
Previous Owner Duran Noemy $412,392
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/01/2017 01/01/17 Sold $535,000 0.0% $207 / Sq Ft
07/18/2016 07/18/16 Pending -- -- --
07/13/2016 07/13/16 For Sale $535,000 +27.4% $207 / Sq Ft
05/01/2015 05/01/15 Sold $420,000 -6.7% $433 / Sq Ft View Prior Sale
01/26/2015 01/26/15 Pending -- -- --
06/17/2014 06/17/14 For Sale $450,000 -- $464 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,084 $620,907 $232,114 $388,793
2024 $8,084 $608,733 $227,563 $381,170
2023 $7,934 $596,798 $223,101 $373,697
2022 $7,583 $585,097 $218,727 $366,370
2021 $7,480 $573,626 $214,439 $359,187
2020 $7,548 $567,745 $212,241 $355,504
2019 $7,262 $556,614 $208,080 $348,534
2018 $7,172 $545,700 $204,000 $341,700
2016 $5,666 $426,405 $203,050 $223,355
2015 $1,811 $103,613 $23,538 $80,075
2014 -- $101,584 $23,077 $78,507
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2017

    Hugo Cervantes

    Home Central Realty

    (562) 270-9034

    4 Total Sales

    Hugo Cervantes
    Section Image
  • Martin Watkins

    Seller's Agent in 2015

    Martin Watkins

    Watkins Realty & Investments

    (310) 901-9356

    23 Total Sales

    Martin Watkins
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16152488

California Regional Multiple Listing Service (CRMLS)

APN: 6042-024-015

California Los Angeles County Los Angeles 90001 Green Meadows

905 E 87th Place, Los Angeles, CA

Not Listed for Sale

MultiFamily

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