$640,000
SOLD JAN 31, 2020
5 Beds
3 Baths
1,786 Sq Ft
5,194 Sq Ft Lot

Recently Sold

$358 Per Sq Ft

5% Below List Price

54 Days on Market

Highlights

  • Floor Furnace
  • 4 Car Garage
  • 1-Story Property

About This Home

As of January 2020

Great investment opportunity. Located in the Vermont Harbor neighborhood of Los Angeles. Walking distance to shopping, schools, and transportation. Property features a long driveway, garage, and more. Garage needs TLC. Records show a total of 3 bedrooms, 2 baths for both units. Front house is permitted for a 3 bedroom, 2 bath (permits available) and back unit is a 1 bedroom with a tandem bedroom, buyer to verify all information herein. Front unit features laminate wood floors, fireplace, dining room with built in cabinets, washer & dryer hook ups, and more. Rear unit features a small living room, tandem bedrooms, and small yard space. Units are located in a rent control area. Front unit will be delivered vacant at close of escrow. Do not disturb occupants.

Last Agent to Sell the Property

Gene Armstrong

Coldwell Banker Gene Armstrong License #00620058 Listed on: 10/14/2019

Coldwell Banker Gene Armstrong

Co-Listed By

Lidia Salamanca

West Shores Realty, Inc. License #02065427

Last Buyer's Agent

Michelle Chung

New Star Realty License #01983360

New Star Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,571

Year Built

  • Built in 1923

Interior Spaces

  • 1,786 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Driveway

Additional Features

  • 5,194 Sq Ft Lot
  • Floor Furnace

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5018-016-019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,571

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Great investment opportunity. Located in the Vermont Harbor neighborhood of Los Angeles. Walking distance to shopping, schools, and transportation. Property features a long driveway, garage, and more. Garage needs TLC. Records show a total of 3 bedrooms, 2 baths for both units. Front house is permitted for a 3 bedroom, 2 bath (permits available) and back unit is a 1 bedroom with a tandem bedroom, buyer to verify all information herein. Front unit features laminate wood floors, fireplace, dining room with built in cabinets, washer & dryer hook ups, and more. Rear unit features a small living room, tandem bedrooms, and small yard space. Units are located in a rent control area. Front unit will be delivered vacant at close of escrow. Do not disturb occupants.
  • Living Area: 1786
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 363.94

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway, Garage
  • Total Parking: 4

Utilities

  • Heating: Floor Furnace
  • Water Expense: 600.00

Fee Information

  • Insurance Expense: 2363.00
  • Trash Expense: 600.00

Lot Info

  • Assessed Improvement Value: 138300
  • Assessed Land Value: 364700
  • Assessor Parcel Number: 5018-016-019
  • Geocode Override: No
  • Lot Size Area: 5194

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.30
  • Number Of Units: 2
  • Total Annual Expense: 12001
  • Type Of Units: 2 Units
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 8438.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2010
Sold by
Arias Blanca A
Bought by
Kim Derek
Current Estimated Value
$827,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2007
Sold by
Segovia Investments Llc
Bought by
Arias Blanca A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 14, 2007
Sold by
Derivas Rosa Margarita
Bought by
Segovia Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2006
Sold by
Divine Dominick Martinez
Bought by
Tucker Divine Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2006
Sold by
Rivas Omar Ivan
Bought by
Derivas Rosa Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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 $640,000 Stewart Title
Grant Deed $615,000 Fatcola
Grant Deed -- None Available
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- First American Title Company
Grant Deed $500,000 Fatcola
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $546,000 New Conventional
Closed $483,000 New Conventional
Previous Owner $480,000 New Conventional
Previous Owner $492,000 Purchase Money Mortgage
Previous Owner $400,000 Purchase Money Mortgage
Previous Owner $49,950 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2020 01/31/20 Sold $640,000 -1.5% $358 / Sq Ft
12/07/2019 12/07/19 Pending -- -- --
11/23/2019 11/23/19 Price Changed $650,000 -3.7% $364 / Sq Ft
10/14/2019 10/14/19 For Sale $675,000 -- $378 / Sq Ft
Source: The MLS

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 $8,571 $699,929 $535,884 $164,045
2024 $8,571 $686,206 $525,377 $160,829
2023 $8,412 $672,752 $515,076 $157,676
2022 $8,029 $659,562 $504,977 $154,585
2021 $7,924 $646,630 $495,076 $151,554
2020 $6,719 $540,000 $391,500 $148,500
2019 $6,582 $540,000 $391,500 $148,500
2018 $7,919 $650,000 $471,300 $178,700
2016 $4,886 $400,000 $290,000 $110,000
2015 $4,350 $355,000 $250,000 $105,000
2014 $4,034 $320,000 $256,000 $64,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-521078

The MLS

APN: 5018-016-019