NOT LISTED FOR SALE

Estimated Value: $642,000 - $782,000

4 Beds
3 Baths
1,815 Sq Ft
$390/Sq Ft Est. Value

Last Sold January 23, 2019

Last sale price $485,000 $267 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,412/month

54 Days on Market

About This Home

As of January 2019

PRICE REDUCTION, TWO SEPARATE HOUSES, PROPERTY COULD BE VACANT AT CLOSE OF ESCROW, ONE HOUSE 3 BEDROOMS 2 BATHS, PLUS A BONUS ROOM, WHICH NEED LOT REPAIRS, BACK HOUSE IS 1 BEDROOM 1 BATH, CURRENTLY USING AS TWO BEDROOMS, GREAT LOCATION HIGH DEMAND TO RENT IT OUT, CLOSE TO EVERYTHING, MINUTES AWAY FROM DOWNTOWN LOS ANGELES AND USC, CLOSE TO FREEWAYS AND DOWNTOWN SHOPPING CENTERS.

Last Agent to Sell the Property

Daniel Diaz

First Family Homes License #01148097 Listed on: 03/18/2017

Last Buyer's Agent

Daniel Diaz

First Family Homes License #01148097 Listed on: 03/18/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,654

Year Built

  • Built in 1914

Lot Details

  • 6,004 Sq Ft Lot
  • No Common Walls
  • Front Yard
  • Land Lease

Home Design

  • 1,815 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 6
  • Assessor Parcel Number 5131010006

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $750
  • Water Sewer Expense $3,360
  • New Taxes Expense $3,125
  • Operating Expense $7,235
  • Gross Income $33,600
  • Net Operating Income $26,365

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,654

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3360.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5131010006
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 267.22

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6004.00
  • Lot Size Acres: 0.1378

Multi Family

  • Gross Income: 33600.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 750.00
  • Lot Size Area: 6004.0000 Square Feet
  • Net Operating Income: 26365.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7235.00
  • Rent Control: Yes
  • Total Expenses: 7235.00

Tax Info

  • New Taxes Expense: 3125.00
  • Tax Census Tract: 2260.01
  • Tax Lot: 6
  • Tax Tract Number: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2017
Sold by
Melendez Edwin W
Bought by
Cha Sun
Current Estimated Value
$707,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,950
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2006
Sold by
Melendez Mirna M
Bought by
Melendez Edwin W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 1993
Sold by
Mendez Mauricio Melendez and Mendez Eddy L
Bought by
Melendez Mirna M and Melendez Edwin W
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
Cha Sun $485,000 Lawyers Title Company
Melendez Edwin W -- Ticor Title Co Glendale
Melendez Mirna M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cha Il Sun $150,000
Open Cha Il Sun $460,000
Previous Owner Cha Sun $324,950
Previous Owner Melendez Edwin W $130,000
Previous Owner Melendez Edwin W $395,500
Previous Owner Melendez Edwin W $300,000
Previous Owner Melendez Mirna M $161,891
Previous Owner Melendez Mirna M $30,000
Previous Owner Melendez Mirna M $25,000
Previous Owner Melendez Edwin W $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2019 01/23/19 Sold $485,000 -2.8% $267 / Sq Ft
05/11/2017 05/11/17 Pending -- -- --
04/01/2017 04/01/17 Price Changed $499,000 -10.7% $275 / Sq Ft
03/18/2017 03/18/17 For Sale $559,000 -- $308 / 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 $6,654 $541,022 $412,739 $128,283
2024 $6,654 $530,415 $404,647 $125,768
2023 $6,528 $520,015 $396,713 $123,302
2022 $6,229 $509,820 $388,935 $120,885
2021 $6,146 $499,824 $381,309 $118,515
2020 $6,204 $494,700 $377,400 $117,300
2019 $5,352 $425,857 $246,263 $179,594
2018 $5,277 $417,508 $241,435 $176,073
2017 $5,163 $409,322 $236,701 $172,621
2016 $5,036 $401,297 $232,060 $169,237
2015 $4,964 $395,270 $228,575 $166,695
2014 $4,998 $387,528 $224,098 $163,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17056083

California Regional Multiple Listing Service (CRMLS)

APN: 5131-010-006