NOT LISTED FOR SALE

947 S Ford Blvd East Los Angeles, CA 90022

Estimated Value: $695,000 - $970,000

5 Beds
2 Baths
1,398 Sq Ft
$572/Sq Ft Est. Value

Last Sold October 25, 2019

Last sale price $650,000 $465 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,120/month

9 Days on Market

Highlights

  • Property is near public transit
  • Private Yard
  • Laundry Room
  • James A. Garfield Senior High School Rated A
  • Neighborhood Views
  • Wall Furnace

About This Home

As of October 2019

Opportunity Knocks!! 2 DETACHED homes on a lot in East Los Angeles conveniently located in between the communities of City Terrace, Monterey Park & Commerce. Own an excellent investment opportunity in an up & coming neighborhood or live in one & rent the other! Rear detached home has 3 bedrooms, Front 2nd story home has 2 bedrooms & both have been tastefully remodeled. New laminate flooring throughout the living rooms, dining areas & bedrooms. Tiled floors in the bathroom. All new cabinetry in kitchens as well as vanities in bathrooms. All new light fixtures throughout. Long driveway so plenty of parking spaces. Additional parking for the rear unit with 1 car detached garage & front unit has attached 2 car garage. Spacious front & rear yards! Each unit w/its own private area for weekend BBQs! Excellent location! Short distance to public transportation! Buyer & selling agent to complete their own due diligence & confirm property info incl square feet, bedroom/bath count & all other info. This opportunity WILL NOT LAST!

Last Agent to Sell the Property

Jennifer Avellan

Keller Williams SELA License #01468000 Listed on: 08/14/2019

Keller Williams SELA

Last Buyer's Agent

Diana Gonzalez

Excellence RE Real Estate License #01760701

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,541

Year Built

  • Built in 1922

Lot Details

  • 5,491 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Back and Front Yard

Parking

  • 7 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,398 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Wall Furnace
  • Septic Type Unknown

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 13 / 8
  • Tax Tract Number 4768
  • Assessor Parcel Number 5246001012

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,541

Year Built

Built in 1922

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: text Jennifer
  • Other Phone Number: 310-346-7851
  • Property Attached: No
  • View: Yes
  • Zoning: LCR4YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5246001012
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One, Two
  • Price Per Square Foot: 464.95

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Sewer: Unknown
  • Water Source: Other

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Near Public Transit, Yard
  • Lot Size Sq Ft: 5491.00
  • Lot Size Acres: 0.1261

Multi Family

  • Lot Size Area: 5491.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 5315.02
  • Tax Lot: 13
  • Tax Tract Number: 4768

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2019
Closed on
Sep 3, 2019
Sold by
Royalty 26 Inc
Bought by
Vazquez Juan and Vazquez Theresa
Seller's Agent
Jennifer Avellan
Keller Williams SELA
Buyer's Agent
Diana Gonzalez
Excellence RE Real Estate
List Price
$634,800
Sold Price
$650,000
Premium/Discount to List
$15,200
2.39%
Current Estimated Value
$800,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,052
Avg. Annual Appreciation
2.47%
Original Mortgage
$487,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2018
Sold by
Goodman Blanche R and Goodman Gerald S
Bought by
Royalty 26 Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Vazquez Juan $650,000 Old Republic Title Company
Royalty 26 Inc $440,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vazquez Juan $494,598
Previous Owner Vazquez Juan $487,500
Previous Owner Royalty 26 Inc $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2019 10/25/19 Sold $650,000 0.0% $465 / Sq Ft
08/27/2019 08/27/19 Price Changed $650,000 +2.4% $465 / Sq Ft
08/23/2019 08/23/19 Pending -- -- --
08/14/2019 08/14/19 For Sale $634,800 -- $454 / 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 $9,541 $710,864 $437,456 $273,408
2024 $9,541 $696,927 $428,879 $268,048
2023 $9,210 $683,263 $420,470 $262,793
2022 $8,780 $669,867 $412,226 $257,641
2021 $8,684 $656,734 $404,144 $252,590
2020 $8,751 $650,000 $400,000 $250,000
2019 $6,138 $440,000 $300,000 $140,000
2018 $2,395 $121,137 $21,950 $99,187
2016 $2,297 $116,436 $21,099 $95,337
2015 $2,267 $114,688 $20,783 $93,905
2014 $2,274 $112,442 $20,376 $92,066
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19194464

California Regional Multiple Listing Service (CRMLS)

APN: 5246-001-012