NOT LISTED FOR SALE

Estimated Value: $686,000 - $1,063,974

4 Beds
2 Baths
1,473 Sq Ft
$533/Sq Ft Est. Value

Last Sold February 24, 2020

Last sale price $457,000 $310 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,636/month

22 Days on Market

About This Home

As of February 2020

Move near Downtown LA and be minutes from the 110 freeway and maximize potential of these detached 2 units on a lot in a nice pocket of an area just South of Downtown. Front house (3bed + 1 bath) with washer/dryer hook ups and a lovely porch in the front to sit and relax after a work day; Back house (1bed + 1 bath). Property also has a detached garage between front and back house. RARE separate water meters each house pays their own water bill. Back unit has a private patio for a slice of nature enjoyment near city life with attractive PAPAYA tree. Ideal for owner occupier wanting additional income from back unit or investor looking to expand or begin their portfolio. Owner occupier buyers see your agent (agents see private remarks) for seller assistance toward Dept. of Housing relocation fees or contact me directly. Limited access on weekends to respect privacy of existing tenants. Drive by the area (highly encouraged) and discover this area's potential and its nice pocket of homes.Contact Listing agent for access this Sunday late afternoon.Agents please register your clients.

Last Agent to Sell the Property

Jose Leiva

Century 21 Allstars License #01219706 Listed on: 09/21/2019

Century 21 Allstars

Last Buyer's Agent

James Escamilla

CENTURY 21 MASTERS License #02026285

CENTURY 21 MASTERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,275

Year Built

  • Built in 1895

Lot Details

  • 4,401 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 1 Car Garage

Home Design

  • 1,473 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Location

  • Urban Location

Utilities

  • No Heating
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 157
  • Tax Tract Number 2292
  • Assessor Parcel Number 5103029014

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $150
  • New Taxes Expense $455
  • Operating Expense $605
  • Gross Income $1,872
  • Net Operating Income $1,211

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,275

Year Built

Built in 1895

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5103029014
  • Year Built: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Common Walls: No Common Walls
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 310.25
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: No
  • Laundry: No
  • Electric: Standard
  • 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: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4401.00
  • Lot Size Acres: 0.1010

Multi Family

  • Gross Income: 1872.00
  • Gross Scheduled Income: 1872.00
  • Insurance Expense: 150.00
  • Lot Size Area: 4401.0000 Square Feet
  • Net Operating Income: 1210.84
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 605.00
  • Rent Control: Yes
  • Total Actual Rent: 1872.00
  • Total Expenses: 605.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 455.00
  • Tax Census Tract: 2292.00
  • Tax Lot: 157
  • Tax Tract Number: 2292

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2019
Closed on
Feb 14, 2020
Sold by
Xirum Carlos Mateo Canil
Bought by
Canil Lucia
Seller's Agent
Jose Leiva
Century 21 Allstars
Buyer's Agent
James Escamilla
CENTURY 21 MASTERS
List Price
$437,000
Sold Price
$457,000
Premium/Discount to List
$20,000
4.58%
Current Estimated Value
$785,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,744
Avg. Annual Appreciation
10.01%
Original Mortgage
$448,722
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 21, 2019
Closed on
Dec 26, 2019
Sold by
Porat David
Bought by
Canil Lucia and Riquiac Ricky Jhonn Canil
Seller's Agent
Jose Leiva
Century 21 Allstars
Buyer's Agent
James Escamilla
CENTURY 21 MASTERS
List Price
$437,000
Sold Price
$457,000
Premium/Discount to List
$20,000
4.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,722
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 1, 2019
Closed on
May 24, 2019
Sold by
Nefosi Nofar
Bought by
Porat David
Seller's Agent
Rhett Winchell
Kennedy Wilson Real Estate Sales & Marketing
Buyer's Agent
Jose Leiva
Century 21 Allstars
List Price
$405,000
Sold Price
$345,000
Premium/Discount to List
-$60,000
-14.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
58.55%
Original Mortgage
$258,750
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2019
Sold by
Caraway Debrah and Estate Of Ricky Stephenson
Bought by
Porat David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2016
Sold by
Stephenson Ricky
Bought by
Stephenson Lorna A

Purchase Details

Closed on
Aug 14, 2001
Sold by
Solomon Lilian
Bought by
Stephenson Ricky
Source: Public Records

Range of Values:

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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
Canil Lucia -- North American Title Company
Canil Lucia $457,000 North American Title Company
Porat David -- Old Republic Title
Porat David $345,000 Old Republic Title
Stephenson Lorna A -- None Available
Stephenson Ricky -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Canil Lucia $448,722
Previous Owner Porat David $258,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/24/2020 02/24/20 Sold $457,000 +4.6% $310 / Sq Ft
10/13/2019 10/13/19 Pending -- -- --
09/21/2019 09/21/19 For Sale $437,000 +26.7% $297 / Sq Ft
07/16/2019 07/16/19 Sold $345,000 -8.0% $321 / Sq Ft View Prior Sale
04/09/2019 04/09/19 Price Changed $375,000 -5.1% $349 / Sq Ft
03/11/2019 03/11/19 Price Changed $395,000 -2.5% $368 / Sq Ft
03/01/2019 03/01/19 For Sale $405,000 -- $377 / 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 $6,275 $499,792 $382,774 $117,018
2024 $6,169 $489,993 $375,269 $114,724
2023 $6,052 $480,386 $367,911 $112,475
2022 $5,774 $470,968 $360,698 $110,270
2021 $5,700 $461,734 $353,626 $108,108
2020 $4,411 $345,000 $300,000 $45,000
2019 $669 $33,961 $14,548 $19,413
2018 $4,990 $400,000 $220,000 $180,000
2016 $562 $32,005 $13,710 $18,295
2015 $556 $31,526 $13,505 $18,021
2014 $572 $30,909 $13,241 $17,668
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19225287

California Regional Multiple Listing Service (CRMLS)

APN: 5103-029-014