NOT LISTED FOR SALE

918 N Evergreen Ave Los Angeles, CA 90033

Estimated Value: $740,440 - $887,000

4 Beds
3 Baths
1,861 Sq Ft
$436/Sq Ft Est. Value

Last Sold May 10, 2017

Last sale price $471,000 $253 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,951/month

23 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Chain Link Fence
  • James A. Garfield Senior High School Rated A
  • Rectangular Lot
  • 4-minute walk to Wabash Recreation Center

About This Home

As of May 2017

BEST DEAL IN BOYLE HEIGHTS! You will not find a TRIPLEX (3 unit Complex) with so many upgrades. This nice building received some important UPGRADES about 1 year ago: *** New 30 year Roof, new Plumbing, New Electrical Panel, New foundation reinforcement, new main PVC drain line, new outside paint, new gutters and other fundamental upgrades (BUYER WILL receive all contractor receipts: owner invested over $50,000). Property features a LARGE front DRIVEWAY which allows its current tenants to park several cars without a problem, additionally the property has a basement which is currently used as a storage for the tenants. Complex has 3 electrical meters, 3 gas meters, 3 water heaters and 1 water meter, which is standard for the area. The inside of the units was not fully upgraded due to tenant occupancy, but some paint and repairs were done and is currently clean and shows normal wear and tear for units of its kind. Front unit is 1bed/1bath (will be delivered VACANT at close of escrow), middle unit is 1bed/1bath (will be delivered VACANT at close of escrow) and back unit is a 2b/1b (tenants will remain) Property is located in rent control area and will be delivered with 2 vacant units, 3rd tenant to stay. This is unique for the area and you will have the power of boosting those rents to FMV. Access will be granted only to qualified buyers who submit an offer. SOLD AS IS. COMES WITH 1 YEAR OF HOME WARRANTY AND FREE OF TERMITES (SECTION 1) PAID BY SELLER.

Last Agent to Sell the Property

Enrique Vasquez-Plaza

Century 21 Masters License #01868555 Listed on: 03/27/2017

Century 21 Masters

Last Buyer's Agent

Jacquelyn Hu

Keller Williams South Bay License #02026280

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,821

Year Built

  • Built in 1910

Lot Details

  • 5,202 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Rectangular Lot

Home Design

  • Triplex
  • Raised Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,861 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • Parking Available
  • Shared Driveway
  • Paved Parking
  • Uncovered Parking
  • Assigned Parking

Location

  • Suburban Location

Utilities

  • No Heating
  • Natural Gas Connected
  • Septic Type Unknown
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 56
  • Tax Tract Number 1
  • Assessor Parcel Number 5178004002

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,052
  • Water Sewer Expense $3,567
  • New Taxes Expense $1,615
  • Operating Expense $6,234
  • Gross Income $37,038
  • Net Operating Income $30,804

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,821

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: 626-671-8294
  • Property Attached: No
  • Water Sewer Expenses: 3567.00
  • Zoning: LAR2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5178004002
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 253.09
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Uncovered, Driveway, Shared Driveway, Concrete
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: No
  • Laundry: No
  • Sewer: Public Sewer, Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5202.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 575 Square Feet
  • Average2 Bed Area: 750 Square Feet
  • Gross Income: 37038.00
  • Gross Scheduled Income: 37038.00
  • Insurance Expense: 1052.00
  • Net Operating Income: 30804.00
  • 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
  • Operating Expense: 6234.00
  • Rent Control: Yes
  • Total Actual Rent: 3086.50
  • Total Expenses: 6234.00

Tax Info

  • New Taxes Expense: 1615.00
  • Tax Census Tract: 2038.00
  • Tax Lot: 56
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2021
Sold by
Chen Eden and Chen Carolyn
Bought by
Chen Eden and Chen Carolyn Angela
Current Estimated Value
$810,610

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
$306,151
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$477,113

Purchase Details

Listed on
Mar 27, 2017
Closed on
Apr 6, 2017
Sold by
Marquez Lucia O
Bought by
Chen Eden and Chen Carolyn
Seller's Agent
Enrique Vasquez-Plaza
Century 21 Masters
Buyer's Agent
Jacquelyn Hu
Keller Williams South Bay
List Price
$460,000
Sold Price
$471,000
Premium/Discount to List
$11,000
2.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$353,250
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2011
Sold by
Marquez Lucia O
Bought by
Marquez Lucia O
Source: Public Records

Range of Values:

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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
Chen Eden -- None Available
Chen Eden $471,000 Pacific Coast Title
Marquez Lucia O -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Eden $335,000
Closed Chen Eden $353,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2017 05/10/17 Sold $471,000 0.0% $253 / Sq Ft
04/05/2017 04/05/17 Pending -- -- --
04/05/2017 04/05/17 Price Changed $471,000 +2.4% $253 / Sq Ft
03/13/2017 03/13/17 For Sale $460,000 -- $247 / 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 $6,821 $546,630 $328,443 $218,187
2024 $6,821 $535,912 $322,003 $213,909
2023 $6,693 $525,405 $315,690 $209,715
2022 $6,389 $515,103 $309,500 $205,603
2021 $6,306 $505,004 $303,432 $201,572
2019 $6,122 $490,028 $294,433 $195,595
2018 $6,021 $480,420 $288,660 $191,760
2016 $1,615 $115,134 $58,504 $56,630
2015 $1,595 $113,406 $57,626 $55,780
2014 $1,621 $111,186 $56,498 $54,688
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17050896

California Regional Multiple Listing Service (CRMLS)

APN: 5178-004-002