NOT LISTED FOR SALE

Estimated Value: $630,000 - $807,000

4 Beds
3 Baths
1,368 Sq Ft
$521/Sq Ft Est. Value

Last Sold October 06, 2017

Last sale price $400,000 $292 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $4,334/month

85 Days on Market

About This Home

As of October 2017

WOW! Great investment opportunity in Los Angeles! Property is a Duplex with 1 Bed & 1 Bath each. There is also an additional Studio in rear of property to bring in additional income. View this property today before it's sold. Property has additional studio rented out. Uknown if permitted. Buyer and Buyer's Agent to verify all info to legality of additional unit.

Last Agent to Sell the Property

Jonathon Villaescusa

Real Broker License #01900156 Listed on: 05/23/2017

Real Broker

Last Buyer's Agent

Phillip Perriott

Perriott Partners License #01806662

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,411

Year Built

  • Built in 1924

Lot Details

  • 3,363 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • 1,368 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 2
  • Tax Tract Number 4710
  • Assessor Parcel Number 6004006002

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Other Expense $1,500
  • Trash Expense $900
  • Water Sewer Expense $900
  • New Taxes Expense $4,500
  • Operating Expense $9,500
  • Gross Income $37,309
  • Net Operating Income $27,809

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,411

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6004006002
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 292.40

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3363.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 650 Square Feet
  • Average Studio Area: 400 Square Feet
  • Gross Income: 37309.00
  • Gross Scheduled Income: 37309.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 27809.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 9500.00
  • Other Expense: 1500.00
  • Other Expense Description: repairs
  • Rent Control: Yes
  • Total Actual Rent: 3709.00
  • Total Expenses: 9500.00

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Census Tract: 2371.01
  • Tax Lot: 2
  • Tax Tract Number: 4710

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2017
Closed on
Aug 8, 2017
Sold by
Ortiz Johnathan
Bought by
Molinar Tatiana and Jackson Daron
Seller's Agent
Jonathon Villaescusa
Real Broker
Buyer's Agent
Phillip Perriott
Perriott Partners
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$713,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,173
Avg. Annual Appreciation
7.76%
Original Mortgage
$300,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2016
Closed on
May 13, 2016
Sold by
Frierson Dennis
Bought by
Ortiz Johnathan
Seller's Agent
Sergio Labra
SOUTHLAND Real Estate Service
Buyer's Agent
Jonathon Villaescusa
Real Broker
List Price
$360,000
Sold Price
$372,000
Premium/Discount to List
$12,000
3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%
Original Mortgage
$279,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2006
Sold by
Frierson Real Estate Inv Group Llc
Bought by
Frierson Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
6.51%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 12, 2006
Sold by
Frierson Dennis
Bought by
Frierson Real Estate Inv Group Llc

Purchase Details

Closed on
May 10, 2004
Sold by
Frierson Dennis and Frierson Diane
Bought by
Frierson Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2003
Sold by
Frierson Diane
Bought by
Frierson Dennis

Purchase Details

Closed on
Feb 5, 2003
Sold by
Frierson Dennis
Bought by
Frierson Diane

Purchase Details

Closed on
Oct 4, 1996
Sold by
Green Daniel
Bought by
Frierson Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,624
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 10, 1995
Sold by
Gantt William and Frances Ellen Ball Trust
Bought by
Green Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
8.43%
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
Molinar Tatiana $403,500 Lawyers Title
Ortiz Johnathan $372,000 Fidelity National Title Co
Frierson Dennis -- United Title Company
Frierson Real Estate Inv Group Llc -- None Available
Frierson Dennis -- Stewart Title Of California
Frierson Dennis -- --
Frierson Diane -- --
Frierson Dennis $106,000 California Counties Title Co
Green Daniel $70,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Molinar Tatiana $291,500
Previous Owner Molinar Tatiana $300,000
Previous Owner Ortiz Johnathan $279,000
Previous Owner Frierson Dennis $297,500
Previous Owner Frierson Dennis $247,000
Previous Owner Frierson Dennis $165,000
Previous Owner Frierson Dennis $105,624
Previous Owner Green Daniel $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2017 10/06/17 Sold $400,000 0.0% $292 / Sq Ft
05/23/2017 05/23/17 For Sale $400,000 +7.5% $292 / Sq Ft
05/25/2016 05/25/16 Sold $372,000 +3.3% $272 / Sq Ft
05/11/2016 05/11/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $360,000 -- $263 / 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 $6,411 $519,941 $341,347 $178,594
2024 $6,411 $509,747 $334,654 $175,093
2023 $6,293 $499,753 $328,093 $171,660
2022 $6,008 $489,955 $321,660 $168,295
2021 $5,240 $424,149 $315,353 $108,796
2019 $5,087 $411,570 $306,000 $105,570
2018 $5,016 $403,500 $300,000 $103,500
2016 $1,907 $145,820 $93,548 $52,272
2015 $1,882 $143,630 $92,143 $51,487
2014 $1,902 $140,818 $90,339 $50,479
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17115747

California Regional Multiple Listing Service (CRMLS)

APN: 6004-006-002