NOT LISTED FOR SALE

9401 Pace Ave Los Angeles, CA 90002

Estimated Value: $750,424 - $944,000

7 Beds
4 Baths
2,251 Sq Ft
$376/Sq Ft Est. Value

Last Sold December 16, 2015

Last sale price $448,000 $199 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $5,617/month

12 Days on Market

About This Home

As of December 2015

Perfect for a First Time Buyer or Investor! Both units were completely updated in 2013. The front unit (3/2) is currently rented for $1,500 and the rear unit (4/2) is rented for $1,600. Buyer and Buyer's agent to verify all information.

Last Agent to Sell the Property

Gabriela Bermudez

Las Lomas Realty, Inc. License #01305717 Listed on: 10/14/2015

Last Buyer's Agent

Luis Lopez

First Family Homes License #01743487

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,968

Year Built

  • Built in 1939

Lot Details

  • 5,924 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 2,251 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, grounds care, parking fee
  • Tax Lot 210
  • Tax Tract Number 6384
  • Assessor Parcel Number 6049013001

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $1,800
  • New Taxes Expense $5,350
  • Operating Expense $8,350
  • Net Operating Income $28,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,968

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: Owner
  • Other Phone Number: 323-228-4233
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 6049013001
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 199.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Sewer Available, Water Connected
  • Laundry: Yes
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5924.00
  • Price Per Lot Square Foot: 75.62
  • Lot Size Acres: 0.1360

Rental Info

  • Tenant Pays: Electricity, Gas, Grounds Care, Parking Fee

Multi Family

  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5924.0000 Square Feet
  • Net Operating Income: 28850.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 8350.00
  • Rent Control: Yes
  • Total Expenses: 8350.00

Tax Info

  • New Taxes Expense: 5350.00
  • Tax Lot: 210
  • Tax Tract Number: 6384

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2015
Closed on
Dec 11, 2015
Sold by
Marquez Ariana and Rendon Michael
Bought by
Araujo Raul Alberto
Seller's Agent
Gabriela Bermudez
Las Lomas Realty, Inc.
Buyer's Agent
Luis Lopez
First Family Homes
List Price
$449,000
Sold Price
$448,000
Premium/Discount to List
-$1,000
-0.22%
Current Estimated Value
$866,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,723
Avg. Annual Appreciation
6.83%
Original Mortgage
$439,885
Outstanding Balance
$348,374
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$498,982

Purchase Details

Listed on
Oct 8, 2013
Closed on
Oct 24, 2013
Sold by
Ah Capital Llc
Bought by
Marquez Ariana and Rendon Michael
Seller's Agent
Monica Sainz
First Investments Realty & Mortgage
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.06%
Original Mortgage
$300,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 1, 2011
Closed on
Dec 27, 2011
Sold by
Hsbc Bank Usa Na
Bought by
Ah Capital Llc
Seller's Agent
Timmy Nguyen
Saigon Realty
Buyer's Agent
JUAN ANDRADE
REOSALES & ASSOCIATES
List Price
$189,000
Sold Price
$185,200
Premium/Discount to List
-$3,800
-2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.54%
Original Mortgage
$751,000
Interest Rate
3.86%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 16, 2011
Sold by
Washington Earnest
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Jul 11, 2006
Sold by
Washington Ernest
Bought by
Washington Earnest

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2004
Sold by
Williams Carolyn Sue and The Ellen Washington House Tru
Bought by
Washington Earnest

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,350
Interest Rate
5.35%
Mortgage Type
FHA

Purchase Details

Closed on
May 24, 2001
Sold by
Williams Carolyn Sue and Estate Of Ellen Washington
Bought by
Williams Carolyn Sue and The Ellen Washington House Tru
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
Araujo Raul Alberto $448,000 Provident Title Company
Marquez Ariana $375,000 Lawyers Title
Ah Capital Llc $185,500 Lsi Title Company Ca
Hsbc Bank Usa Na $210,925 Accommodation
Washington Earnest -- Fnt
Washington Earnest $225,000 Chicago Title Co
Williams Carolyn Sue -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Araujo Raul Alberto $439,885
Previous Owner Marquez Ariana $300,000
Previous Owner Ah Capital Llc $751,000
Previous Owner Washington Earnest $279,000
Previous Owner Washington Earnest $25,000
Previous Owner Washington Earnest $232,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2015 12/16/15 Sold $448,000 -0.2% $199 / Sq Ft
10/26/2015 10/26/15 Pending -- -- --
10/14/2015 10/14/15 For Sale $449,000 +19.7% $199 / Sq Ft
11/27/2013 11/27/13 Sold $375,000 0.0% $167 / Sq Ft
10/22/2013 10/22/13 Pending -- -- --
07/10/2013 07/10/13 For Sale $375,000 +102.5% $167 / Sq Ft
01/12/2012 01/12/12 Sold $185,200 -2.0% $82 / Sq Ft
01/11/2012 01/11/12 Pending -- -- --
12/01/2011 12/01/11 For Sale $189,000 -- $84 / 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 $9,968 $530,334 $236,756 $293,578
2024 $9,968 $519,936 $232,114 $287,822
2023 $9,677 $509,742 $227,563 $282,179
2022 $9,353 $499,748 $223,101 $276,647
2021 $9,271 $489,950 $218,727 $271,223
2020 $9,319 $484,927 $216,485 $268,442
2019 $9,068 $475,420 $212,241 $263,179
2018 $8,922 $466,099 $208,080 $258,019
2016 $6,656 $448,000 $200,000 $248,000
2015 $5,347 $382,492 $203,996 $178,496
2014 $5,348 $375,000 $200,000 $175,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15226674

California Regional Multiple Listing Service (CRMLS)

APN: 6049-013-001