NOT LISTED FOR SALE

9617 S San Pedro St Los Angeles, CA 90003

Broadway-Manchester Neighborhood

Estimated Value: $701,634 - $888,000

14 Beds
9 Baths
4,777 Sq Ft
$161/Sq Ft Est. Value

Last Sold June 22, 2018

Last sale price $1,170,000 $245 Per Sq Ft

Est. 34% decrease in value since last sale

Current estimated payment $4,761/month

73 Days on Market

About This Home

As of June 2018

Two adjoining cash-flow properties on separate parcels offer easy management. Ownership has recently remodeled a couple of the units with new cabinets, bathrooms, vinyl plank flooring and with new paint and carpeting. The two sites also offer a quarter acre of real estate on a corner lot with frontage on a business throughway, providing an excellent future development opportunity. Buyer to investigate zoning and ordinances.

Last Agent to Sell the Property

Vincent Medina

Lotus Property Services, Inc. License #01711465 Listed on: 01/05/2018

Last Buyer's Agent

Mike Iryami

BRC Advisors- BH License #01825516

BRC Advisors- BH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,848

Year Built

  • Built in 1948

Lot Details

  • 10,606 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard
  • 605-201-3030

Parking

  • 2 Car Garage

Home Design

  • 4,777 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 9 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 41
  • Tax Tract Number 6214
  • Assessor Parcel Number 6052013016

Community Details

Overview

  • 2 Buildings
  • 7 Units

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,100
  • Fuel Expense $1,376
  • Insurance Expense $3,630
  • Professional Management Expense $5,742
  • Trash Expense $51
  • Water Sewer Expense $3,929
  • New Taxes Expense $15,820
  • Operating Expense $46,944
  • Gross Income $117,192
  • Net Operating Income $67,904

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,848

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.85
  • Professional Management Expense: 5742.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3929.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 6052013016
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 244.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 51.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 605-201-3030
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 10606.00

Multi Family

  • Electric Expense: 1100.00
  • Fuel Expense: 1376.00
  • Gross Income: 117192.00
  • Gross Operating Income: 114848.00
  • Gross Scheduled Income: 117192.00
  • Insurance Expense: 3630.00
  • Net Operating Income: 67904.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 7
  • Operating Expense: 46944.00
  • Rent Control: Yes
  • Total Expenses: 46944.00
  • Vacancy Allowance: 2344
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 15820.00
  • Tax Census Tract: 2406.00
  • Tax Lot: 41
  • Tax Tract Number: 6214

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2018
Closed on
May 4, 2018
Sold by
Ugarte Properties Llc
Bought by
26 Rc Llc
Seller's Agent
Vincent Medina
Lotus Property Services, Inc.
Buyer's Agent
Mike Iryami
BRC Advisors- BH
List Price
$1,400,000
Sold Price
$1,170,000
Premium/Discount to List
-$230,000
-16.43%
Current Estimated Value
$770,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$399,091
Avg. Annual Appreciation
-6.49%
Original Mortgage
$359,100
Interest Rate
3.7%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 2, 2016
Sold by
Hart Properties Llc
Bought by
Ugarte Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2015
Sold by
12037 Hart St Llc
Bought by
Hart Properties Llc

Purchase Details

Closed on
Oct 15, 2013
Sold by
12037 Hart St Llc
Bought by
Machlouf Ronit

Purchase Details

Closed on
Jul 15, 2013
Sold by
Yourist David
Bought by
12037 Hart St Llc

Purchase Details

Closed on
Jul 1, 2004
Sold by
Yourist David
Bought by
Yourist David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
5.77%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 5, 2003
Sold by
Yourist Luise
Bought by
Yourist David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,500
Interest Rate
6.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 4, 2003
Sold by
Morgan Arbell
Bought by
Yourist David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,500
Interest Rate
6.17%
Mortgage Type
Unknown
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
26 Rc Llc $513,000 Ticor Title
Ugarte Properties Llc $1,080,000 Lawyers Title
Hart Properties Llc -- Lawyers Title
Hart Properties Llc -- None Available
Machlouf Ronit -- Accommodation
Machlouf Ronit -- Accommodation
12037 Hart St Llc $970,009 Ticor Title Co
Yourist David -- Fidelity National Title Co
Yourist David -- Fidelity National Title Co
Yourist David $255,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 26 Rc Llc $359,100
Previous Owner Hart Properties Llc $720,000
Previous Owner Yourist David $335,000
Previous Owner Yourist David $236,000
Previous Owner Morgan Arbell $35,500
Previous Owner Yourist David $204,000
Closed Yourist David $25,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2018 06/22/18 Sold $1,170,000 -13.3% $245 / Sq Ft
03/19/2018 03/19/18 Pending -- -- --
01/31/2018 01/31/18 Price Changed $1,350,000 -3.6% $283 / Sq Ft
01/05/2018 01/05/18 For Sale $1,400,000 -- $293 / 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 $7,848 $583,700 $295,833 $287,867
2024 $7,848 $572,256 $290,033 $282,223
2023 $7,704 $561,037 $284,347 $276,690
2022 $7,373 $550,037 $278,772 $271,265
2021 $7,278 $539,253 $273,306 $265,947
2019 $7,070 $523,760 $265,200 $258,560
2018 $6,660 $489,488 $218,484 $271,004
2016 $6,064 $445,278 $207,106 $238,172
2015 $5,973 $438,591 $203,996 $234,595
2014 $5,996 $430,000 $200,000 $230,000
Source: Public Records

Agents Affiliated with this Home

  • Vincent Medina

    Seller's Agent in 2018

    Vincent Medina

    Lotus Property Services, Inc.

    (626) 582-8001

    5 Total Sales

    Vincent Medina
    Section Image

  • M

    Buyer's Agent in 2018

    Mike Iryami

    BRC Advisors- BH

    (310) 753-8153

    1 in this area

    53 Total Sales

    Mike Iryami
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18003778

California Regional Multiple Listing Service (CRMLS)

APN: 6052-013-016

California Los Angeles County Los Angeles 90003 Broadway-Manchester

9617 S San Pedro St, Los Angeles, CA

This home is located at 9617 S San Pedro St, Los Angeles, CA 90003 since 05 January 2018 and is currently estimated at $770,909, approximately $161 per square foot. This property was built in 1948. 9617 S San Pedro St is a home located in Los Angeles County with nearby schools including Ninety-Third Street Elementary School, Samuel Gompers Middle School, and Alliance College-Ready Middle Academy No. 4.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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