NOT LISTED FOR SALE

Estimated Value: $747,000 - $855,758

3 Beds
3 Baths
2 Sq Ft
$398,220/Sq Ft Est. Value

Last Sold June 21, 2023

Last sale price $698,888 $349,444 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,969/month

6 Days on Market

Highlights

  • Traditional Architecture
  • East Facing Home
  • 1-Story Property
  • No HOA
  • Brick Fence

About This Home

As of June 2023

Great Investment opportunity, live in the front home and let the back unit help pay your mortgage! The front unit consists of a three bedroom two bath bungalow with new paint and carpet, the rear unit is a two bedroom one bath unit which is currently occupied. There is a detached garage with room for each unit. This property is centrally located and a great opportunity to own investment property in Los Angeles.

Last Agent to Sell the Property

Bruce Mulhearn

Mark 1 Real Estate, Inc. License #02200861 Listed on: 04/25/2023

Last Buyer's Agent

Alonso Rodriguez

New Century Homes License #02080233

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,899

Year Built

  • Built in 1929

Lot Details

  • 5,100 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • East Facing Home
  • Brick Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Traditional Architecture
  • Fixer Upper
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Panel Doors
  • Window Bars

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • Public Parking
  • Parking Available
  • Private Parking

Additional Features

  • Exterior Lighting
  • Private Sewer

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 818
  • Tax Tract Number 6
  • Assessor Parcel Number 6023028009
  • $339 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $218
  • Trash Expense $50
  • Operating Expense $268
  • Gross Income $55,200
  • Net Operating Income $4,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,899

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Other Phone Description: 7148003195
  • Other Phone Number: 7148003195
  • Price Per Unit: 349500
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Security: Window Bars
  • View: No
  • Zoning: LAR2
  • Architectural Style: Traditional
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6023028009
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: One
  • Window Features: Blinds

Exterior Features

  • Direction Faces: East
  • Foundation: Concrete Perimeter
  • Fence: Yes
  • Fencing: Brick
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Private, Public

Utilities

  • Laundry: No
  • Sewer: Private Sewer
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5100.00
  • Lot Size Acres: 0.1171

Rental Info

  • Tenant Pays: None, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 55200.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 218.00
  • Lot Size Area: 5100.0000 Square Feet
  • Net Operating Income: 4600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 45.00
  • Rent Control: Yes
  • Total Expenses: 268.00

Tax Info

  • Tax Census Tract: 2395.02
  • Tax Lot: 818
  • Tax Tract Number: 6
  • TaxOtherAnnualAssessmentAmount: 339.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2023
Closed on
May 8, 2023
Sold by
Bruce T Mulhearn Non-Marital Exempt Trus
Bought by
Montano Wilfredo
Seller's Agent
Bruce Mulhearn
Mark 1 Real Estate, Inc.
Buyer's Agent
Alonso Rodriguez
New Century Homes
List Price
$699,000
Sold Price
$698,888
Premium/Discount to List
-$112
-0.02%
Views
50
Current Estimated Value
$796,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,552
Avg. Annual Appreciation
5.60%
Original Mortgage
$686,228
Outstanding Balance
$668,476
Interest Rate
6.35%
Mortgage Type
FHA
Estimated Equity
$118,133

Purchase Details

Closed on
Sep 1, 2021
Sold by
Mulhearn Tomazina L
Bought by
Mulhearn Tomazina L and Mulhearn Bruce T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2021
Sold by
Keswick Financial Group Inc
Bought by
Mulhearn Tomazina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2017
Sold by
Keswi
Bought by
Keswi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.96%

Purchase Details

Closed on
Oct 6, 2008
Sold by
Mulhearn Bruce T and Grasmere Trust
Bought by
Keswick Financial

Purchase Details

Closed on
Dec 19, 2007
Sold by
Richardson Tyrone and Fudp Realty Holding Corp
Bought by
Mulheam Bruce T and Grasmere Trust

Purchase Details

Closed on
Sep 26, 2007
Sold by
Fu Dp Realty Holding Corp
Bought by
Lp Realty Holding Co

Purchase Details

Closed on
Dec 18, 2006
Sold by
Financial Freedom Group Inc
Bought by
Pinesett David

Purchase Details

Closed on
Jan 11, 2006
Sold by
D & M Pinsett Realty & Investments Corp
Bought by
Fu Dp Realty Holding Corp

Purchase Details

Closed on
Apr 18, 2005
Sold by
Pinesett David
Bought by
D & M Pineset Realty & Investment Corp

Purchase Details

Closed on
Nov 21, 2003
Sold by
Cotton Mary S
Bought by
Pinesett David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2000
Sold by
Adams Arthurlene S and Clark Living Trust
Bought by
Cotton Mary S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,649
Interest Rate
7.08%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 11, 1995
Sold by
Clark Joe E
Bought by
Clark Joe Frazier and Clark Living Trust
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
Montano Wilfredo $699,000 Orange Coast Title Company
Mulhearn Tomazina L -- Lawyers Title
Mulhearn Tomazina L -- Lawyers Title
Keswi -- --
Keswick Financial $342,000 None Available
Mulheam Bruce T $415,555 Orange Coast Title
Lp Realty Holding Co -- None Available
Pinesett David -- None Available
Fu Dp Realty Holding Corp -- None Available
D & M Pineset Realty & Investment Corp -- --
Pinesett David $280,000 First American Title Co Los
Cotton Mary S $184,500 Stewart Title
Clark Joe Frazier -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montano Wilfredo $686,228
Previous Owner Mulhearn Tomazina L $474,000
Previous Owner Keswi --
Previous Owner Keswick Financial $500,000
Previous Owner Keswick Financial Group Inc $1,400,000
Previous Owner Keswick Financial Group Inc $595,000
Previous Owner Keswick Financial Group Inc $150,000
Previous Owner Richardson Tyrone $319,040
Previous Owner Pinesett David $224,000
Previous Owner Cotton Mary S $196,476
Previous Owner Cotton Mary S $181,649
Previous Owner Clark Joe Frazier $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2023 06/21/23 Sold $698,888 0.0% $349,444 / Sq Ft
06/06/2023 06/06/23 Price Changed $699,000 0.0% $349,500 / Sq Ft
06/06/2023 06/06/23 For Sale $699,000 0.0% $349,500 / Sq Ft
05/17/2023 05/17/23 For Sale $699,000 0.0% $349,500 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/25/2023 04/25/23 For Sale $699,000 -- $349,500 / 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 $8,899 $727,239 $520,200 $207,039
2024 $8,899 $712,980 $510,000 $202,980
2023 $5,422 $423,301 $244,698 $178,603
2022 $5,176 $415,001 $239,900 $175,101
2021 $5,106 $406,865 $235,197 $171,668
2020 $5,154 $402,694 $232,786 $169,908
2019 $4,957 $394,799 $228,222 $166,577
2018 $4,865 $387,059 $223,748 $163,311
2016 $4,638 $372,030 $215,060 $156,970
2015 $4,572 $366,443 $211,830 $154,613
2014 $4,143 $322,000 $204,600 $117,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23048032

California Regional Multiple Listing Service (CRMLS)

APN: 6023-028-009