NOT LISTED FOR SALE

941 S Ford Blvd Los Angeles, CA 90022

Estimated Value: $842,000 - $1,036,266

6 Beds
3 Baths
2,156 Sq Ft
$446/Sq Ft Est. Value

Last Sold April 18, 2017

Last sale price $615,000 $285 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $6,034/month

6 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • James A. Garfield Senior High School Rated A
  • Laundry Room

About This Home

As of April 2017

CASH FLOW!!! This beautiful triplex has been well taken care of and updated along the way, all windows were installed a year ago, two units have all new kitchens and tile, two new water heaters, property was fumigated in 2014 and the list goes on. All three units are 2 bedroom's / 1 bath and are fully occupied, located in the non-rent control area of Los Angeles, this is the perfect opportunity for a beginner investor or a seasoned investor that want's positive cash flow. This property sits centrally located near 3 major freeways and the busy Whittier Blvd street which makes it a perfect rental property. There is also plenty of parking on the property that makes for happy tenants! Don't let this opportunity pass you by!

Last Agent to Sell the Property

Ruben Leon

Flex Investments License #01805500 Listed on: 03/14/2017

Last Buyer's Agent

Bryant Martinez

Bryant C Martinez, Broker License #01963290

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,048

Year Built

  • Built in 1969

Lot Details

  • 4,911 Sq Ft Lot
  • No Common Walls
  • No Landscaping

Home Design

  • Triplex
  • Split Level Home

Interior Spaces

  • 2,156 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer Hookup

Parking

  • 3 Open Parking Spaces
  • 6 Parking Spaces
  • 3 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5246001010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $720
  • Water Sewer Expense $2,160
  • New Taxes Expense $6,000
  • Operating Expense $2,880
  • Gross Income $46,800
  • Net Operating Income $43,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,048

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2160.00
  • Zoning: LCR4YY
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5246001010
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Multi/Split
  • Price Per Square Foot: 285.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 4911.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 46800.00
  • Gross Scheduled Income: 46800.00
  • Net Operating Income: 43920.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 2880.00
  • Rent Control: No
  • Total Expenses: 2880.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Census Tract: 5315.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2017
Closed on
Mar 20, 2017
Sold by
Leon Ruben
Bought by
Tran Jackie and Him Linda Kalin
Seller's Agent
Ruben Leon
Flex Investments
Buyer's Agent
Bryant Martinez
Bryant C Martinez, Broker
List Price
$599,999
Sold Price
$615,000
Premium/Discount to List
$15,001
2.5%
Current Estimated Value
$961,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,317
Avg. Annual Appreciation
5.98%
Original Mortgage
$461,250
Outstanding Balance
$383,586
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$617,923

Purchase Details

Listed on
Oct 2, 2014
Closed on
Oct 14, 2014
Sold by
Cleveland Maria Luna and Maria Luna Cleveland Revocable
Bought by
Leon Ruben
Seller's Agent
David Gomez
The Heights Real Estate Group
Buyer's Agent
Ruben Leon
Flex Investments
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.86%
Original Mortgage
$451,668
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 18, 2004
Sold by
Maria Luna Cleveland Revocable Trust
Bought by
Cleveland Maria Luna and Maria Luna Cleveland Revocable

Purchase Details

Closed on
Apr 25, 2000
Sold by
Cleveland Maria L
Bought by
Maria Luna Cleveland Family Revocable Tr
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
Tran Jackie $615,000 Old Republic Title Company
Leon Ruben $460,000 Old Republic Title Company
Cleveland Maria Luna -- --
Maria Luna Cleveland Family Revocable Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran Jackie $461,250
Previous Owner Leon Ruben $451,668
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2017 04/18/17 Sold $615,000 +2.5% $285 / Sq Ft
03/20/2017 03/20/17 Pending -- -- --
03/14/2017 03/14/17 For Sale $599,999 +30.4% $278 / Sq Ft
11/24/2014 11/24/14 Sold $460,000 +2.2% $213 / Sq Ft
10/13/2014 10/13/14 Pending -- -- --
10/02/2014 10/02/14 For Sale $450,000 -- $209 / 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 $10,048 $713,753 $321,477 $392,276
2024 $10,048 $699,759 $315,174 $384,585
2023 $9,628 $686,040 $308,995 $377,045
2022 $9,196 $672,589 $302,937 $369,652
2021 $9,171 $659,402 $296,998 $362,404
2020 $9,238 $652,641 $293,953 $358,688
2019 $8,902 $639,845 $288,190 $351,655
2018 $8,748 $627,300 $282,540 $344,760
2016 $6,718 $467,015 $284,270 $182,745
2015 $6,619 $460,000 $280,000 $180,000
2014 $2,093 $63,548 $18,774 $44,774
Source: Public Records

Agents Affiliated with this Home

  • Ruben Leon

    Seller's Agent in 2017

    Ruben Leon

    Flex Investments

    (323) 806-4116

    13 Total Sales

    Ruben Leon
    Section Image

  • B

    Buyer's Agent in 2017

    Bryant Martinez

    Bryant C Martinez, Broker

    Section Image

  • D

    Seller's Agent in 2014

    David Gomez

    The Heights Real Estate Group

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17052593

California Regional Multiple Listing Service (CRMLS)

APN: 5246-001-010

California Los Angeles County Los Angeles 90022

941 S Ford Blvd, Los Angeles, CA

This home is located at 941 S Ford Blvd, Los Angeles, CA 90022 since 14 March 2017 and is currently estimated at $961,317, approximately $445 per square foot. This property was built in 1969. 941 S Ford Blvd is a home located in Los Angeles County with nearby schools including Ford Boulevard Elementary School, David Wark Griffith Middle School, and James A. Garfield Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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