$900,000
SOLD JAN 23, 2025

938 Hendricks Ave Los Angeles, CA 90022

7 Beds
4 Baths
3,032 Sq Ft
5,530 Sq Ft Lot

Recently Sold

$297 Per Sq Ft

24% Below List Price

107 Days on Market

About This Home

As of January 2025

Welcome to 938 Hendricks Ave., Los Angeles-offering 4 units in the prime area of East Los Angeles. Consisting of 3, two-bedroom one-bathroom units and 1 one bedroom one bathroom unit. Property is fully occupied and located a short distance from Downtown Los Angeles, the Citadel outlets, shopping centers, parks, schools and public transportation. Easy access to the 5, 710 and 60 freeways. Property is being sold in AS IS condition.

Last Agent to Sell the Property

Luis Flores

The Real Estate Solution Brokerage Email: lhflores03@yahoo.com License #01379309 Listed on: 09/04/2024

Last Buyer's Agent

Luis Flores

The Real Estate Solution Brokerage Email: lhflores03@yahoo.com License #01379309 Listed on: 09/04/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,343

Year Built

  • Built in 1953

Lot Details

  • 5,530 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 3 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,032 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 103
  • Tax Tract Number 9033
  • Assessor Parcel Number 6339020010
  • $2,075 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $89
  • Water Sewer Expense $250
  • Operating Expense $339
  • Gross Income $4,584
  • Net Operating Income $4,245

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,343

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 287250
  • Property Attached: Yes
  • Water Sewer Expenses: 250.00
  • Zoning: LCR3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6339020010
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 296.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 5530.00
  • Lot Size Acres: 0.1270

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4584.00
  • Gross Scheduled Income: 4584.00
  • Insurance Expense: 89.00
  • Lot Size Area: 5530.0000 Square Feet
  • Net Operating Income: 4245.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 339.00
  • Rent Control: Yes
  • Total Actual Rent: 4584.00
  • Total Expenses: 339.00

Tax Info

  • Tax Census Tract: 5319.01
  • Tax Lot: 103
  • Tax Tract Number: 9033
  • TaxOtherAnnualAssessmentAmount: 2075.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2024
Closed on
Jan 8, 2025
Sold by
Castillo Gildardo and Castillo Leticia
Bought by
Alfaro Francisco Abel and Alfaro Martha
Seller's Agent
Luis Flores
The Real Estate Solution
Buyer's Agent
Luis Flores
The Real Estate Solution
List Price
$1,189,000
Sold Price
$900,000
Premium/Discount to List
-$289,000
-24.31%
Views
27
Current Estimated Value
$916,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,801
Avg. Annual Appreciation
2.08%
Original Mortgage
$900,000
Outstanding Balance
$896,782
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$12,347

Purchase Details

Closed on
Apr 18, 2005
Sold by
Muro Guillermo and Muro Petra
Bought by
Castillo Gildardo and Castillo Leticia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,000
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 1994
Sold by
Bufanda Louise L
Bought by
Muro Guillermo and Muro Petra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.51%
Source: Public Records

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Range of Values:

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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 $900,000 Chicago Title Company
Interfamily Deed Transfer -- Ticor Title Co Glendale
Grant Deed $250,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $900,000 New Conventional
Previous Owner $137,000 Credit Line Revolving
Previous Owner $303,000 New Conventional
Previous Owner $200,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2025 01/23/25 Sold $900,000 -21.7% $297 / Sq Ft
09/30/2024 09/30/24 Price Changed $1,149,000 -4.1% $379 / Sq Ft
09/04/2024 09/04/24 Price Changed $1,198,000 +0.8% $395 / Sq Ft
09/04/2024 09/04/24 For Sale $1,189,000 -- $392 / 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 $11,343 $774,986 $485,700 $289,286
2023 $11,013 $759,791 $476,177 $283,614
2022 $10,666 $744,894 $466,841 $278,053
2021 $10,327 $730,289 $457,688 $272,601
2019 $9,964 $708,629 $444,113 $264,516
2018 $10,142 $694,735 $435,405 $259,330
2016 $9,730 $667,760 $418,499 $249,261
2015 $8,666 $610,000 $382,300 $227,700
2014 $7,934 $546,000 $342,200 $203,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS24183995

California Regional Multiple Listing Service (CRMLS)

APN: 6339-020-010