NOT LISTED FOR SALE

923 Herbert Ave Los Angeles, CA 90063

Estimated Value: $780,000 - $982,173

5 Beds
2 Baths
1,781 Sq Ft
$474/Sq Ft Est. Value

Last Sold February 03, 2023

Last sale price $785,000 $441 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,318/month

64 Days on Market

About This Home

As of February 2023

Delivered VACANT back unit 3 bed 1 bath. Great investment opportunity. Newly painted, new water heater, low maintenance property, with good paying tenants, granite kitchens, and minutes from downtown LA. Front Unit 2 bed / 1 bath, Back unit 3 bed / 1 bath. Tenant pays for all utilities

Last Agent to Sell the Property

Danny Navarro

Century 21 Allstars License #01938421 Listed on: 11/03/2022

Century 21 Allstars

Co-Listed By

Alexis Martinez

Century 21 Allstars License #02196104

Last Buyer's Agent

Jie Fu

Harvest Realty Development License #02038192

Harvest Realty Development

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 4,416 Sq Ft Lot
  • 1 Common Wall
  • Private Yard
  • Front Yard

Parking

  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 1,781 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 39
  • Tax Tract Number 6269
  • Assessor Parcel Number 5230007013
  • $1,080 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $50,820

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Zoning: LCR2*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5230007013
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 440.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 4416.00
  • Lot Size Acres: 0.1014

Multi Family

  • Gross Income: 50820.00
  • Gross Scheduled Income: 50820.00
  • Lot Size Area: 4416.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5308.02
  • Tax Lot: 39
  • Tax Tract Number: 6269
  • TaxOtherAnnualAssessmentAmount: 1080.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Cordova Daniel and Cordova Claudia Y
Current Estimated Value
$845,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,425
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2008
Sold by
Morales Manuel Alvarenga
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jul 18, 2007
Sold by
Morales Manuel Alvarenga
Bought by
Gomez Gustavo

Purchase Details

Closed on
Aug 23, 2006
Sold by
Le Mar Investments
Bought by
Morales Manuel Alvarenga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2006
Sold by
Bahena Maria
Bought by
Le Mar Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 2005
Sold by
Bahena Gregorio
Bought by
Bahena Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.97%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 11, 2005
Sold by
Ocana Margarita
Bought by
Bahena Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.97%
Mortgage Type
Fannie Mae Freddie Mac
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
Cordova Daniel $210,000 Lsi Title Agency Inc
Deutsche Bank National Trust Company $204,000 Accommodation
Gomez Gustavo -- Accommodation
Morales Manuel Alvarenga $570,000 Financial Title Company
Le Mar Investments -- Financial Title Company
Bahena Maria -- Alliance Title Co
Bahena Maria $370,000 Alliance Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cordova Daniel $157,425
Previous Owner Morales Manuel Alvarenga $456,000
Previous Owner Le Mar Investments $114,000
Previous Owner Bahena Maria $425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2023 02/03/23 Sold $785,000 +1.3% $441 / Sq Ft
01/06/2023 01/06/23 Pending -- -- --
11/03/2022 11/03/22 For Sale $775,000 -- $435 / 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 $10,793 $816,714 $416,160 $400,554
2024 $10,793 $800,700 $408,000 $392,700
2023 $4,202 $259,915 $136,147 $123,768
2022 $4,030 $254,820 $133,478 $121,342
2021 $3,979 $249,824 $130,861 $118,963
2020 $4,002 $247,264 $129,520 $117,744
2019 $3,871 $242,417 $126,981 $115,436
2018 $3,781 $237,665 $124,492 $113,173
2016 $3,621 $228,437 $119,658 $108,779
2015 $3,571 $225,007 $117,861 $107,146
2014 $3,575 $220,601 $115,553 $105,048
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22235820

California Regional Multiple Listing Service (CRMLS)

APN: 5230-007-013