NOT LISTED FOR SALE

Estimated Value: $609,129 - $738,000

2 Beds
2 Baths
1,040 Sq Ft
$647/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $416,000 $400 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,082/month

3 Days on Market

Highlights

  • Open Floorplan
  • Recessed Lighting
  • Tile Flooring
  • Traditional Architecture
  • Laundry Room
  • Heating System Uses Natural Gas

About This Home

As of October 2018

Back on the market - Spectacular opportunity to own a remodeled duplex in Los Angeles.
Open and bright layouts in both units. Both units feature new kitchens including quartz counters, ceramic tile floors, and stylish backsplash. Recessed lighting in living rooms and new ceiling fans in all rooms. Both units include new bathrooms: new ceramic tile floors, stylish ceramic showers, new vanities and low-flow fixtures. Both interiors and exteriors are newly painted. The fenced in yard offers (2X) 2-car surface parking spaces (4 total), accessible from the rear alley. This lot is zoned [Q]R4-1 and part of the LOS ANGELES STATE ENTERPRISE ZONE. ****Built-in 1982 - NO RENT CONTROL**** near amenities, including public transportation, shopping, schools, 110 and 105 freeways. Both units are vacant and will be delivered vacant.

Last Agent to Sell the Property

Julio Ruiz

GLOBAL PLATINUM PROPERTIES License #01911261 Listed on: 08/29/2018

Last Buyer's Agent

Josue Juarez

Loans Realty Elite Corporation License #01985350

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,956

Year Built

  • Built in 1982

Lot Details

  • 3,000 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Home Design

  • Traditional Architecture
  • Property Attached
  • Stucco

Interior Spaces

  • 1,040 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Tandem Uncovered Parking

Location

  • Urban Location

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 01
  • Tax Tract Number 2
  • Assessor Parcel Number 6052019003

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $401
  • Insurance Expense $1,050
  • Other Expense $500
  • Trash Expense $750
  • Water Sewer Expense $750
  • New Taxes Expense $4,230
  • Operating Expense $7,711
  • Gross Income $31,800
  • Net Operating Income $24,089

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,956

Year Built

Built in 1982

Lot Details

0

Listing Details

  • CapRate: 5.80
  • Property Attached: Yes
  • Water Sewer Expenses: 750.00
  • Zoning: LAR4
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 6052019003
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Open Floorplan, Recessed Lighting
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 400.00
  • Room Type: All Bedrooms Up, Kitchen

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Tandem Uncovered
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 750.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 3000.00

Multi Family

  • Electric Expense: 401.00
  • Gross Income: 31800.00
  • Gross Operating Income: 30846.00
  • Gross Scheduled Income: 31800.00
  • Insurance Expense: 1050.00
  • Net Operating Income: 24089.00
  • 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: 7711.00
  • Other Expense: 500.00
  • Rent Control: No
  • Total Expenses: 7711.00
  • Vacancy Allowance: 954
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 4230.00
  • Tax Census Tract: 2406.00
  • Tax Lot: 01
  • Tax Tract Number: 002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2018
Closed on
Oct 1, 2018
Sold by
Lg Brothers Rentals Llc
Bought by
Mathieu Jabari D
Seller's Agent
Julio Ruiz
GLOBAL PLATINUM PROPERTIES
Buyer's Agent
Josue Juarez
Loans Realty Elite Corporation
List Price
$415,000
Sold Price
$416,000
Premium/Discount to List
$1,000
0.24%
Current Estimated Value
$673,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,032
Avg. Annual Appreciation
6.81%
Original Mortgage
$408,465
Interest Rate
5.37%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 1, 2017
Closed on
Aug 15, 2017
Sold by
The Bank Of New York Mellon
Bought by
Lg Brothers Rentals Llc
Seller's Agent
Phil Boroda
Coldwell Banker Realty
Buyer's Agent
Julio Ruiz
GLOBAL PLATINUM PROPERTIES
List Price
$339,900
Sold Price
$302,000
Premium/Discount to List
-$37,900
-11.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.06%
Original Mortgage
$170,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 2017
Sold by
Gobillo Wenceslao
Bought by
The Bank Of New York Mellon and The Bank Of New Yhork

Purchase Details

Closed on
Jan 17, 2006
Sold by
Gobillo Columba M
Bought by
Gobillo Wenceslao

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
2.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 28, 2004
Sold by
Acn Properties Inc
Bought by
Gobillo Wenceslao and Gobillo Columba M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2004
Sold by
Montoya Maria
Bought by
Acn Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,000
Interest Rate
5.95%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 7, 2002
Sold by
Aguilar Flor
Bought by
Montoya Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,350
Interest Rate
7.55%

Purchase Details

Closed on
Sep 11, 2001
Sold by
Pineda Ceasar
Bought by
Aguilar Flor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,800
Interest Rate
6.57%

Purchase Details

Closed on
Feb 25, 2000
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Nov 29, 1999
Sold by
Ruiz Salvador
Bought by
Norwest Mtg Inc

Purchase Details

Closed on
Nov 21, 1997
Sold by
Gonzalez Miguel
Bought by
Ruiz Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,763
Interest Rate
7.23%
Mortgage Type
FHA
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
Mathieu Jabari D $416,000 North American Title
Lg Brothers Rentals Llc $302,000 None Available
The Bank Of New York Mellon $414,365 Bchh Inc
Gobillo Wenceslao -- Security Union Title Ins Co
Gobillo Wenceslao $320,000 Southland Title
Acn Properties Inc $215,000 First American Title Company
Montoya Maria $153,000 Fidelity National Title
Aguilar Flor -- Stewart Title
Aguilar Flor $86,000 Stewart Title
Hud -- Landsafe Title
Norwest Mtg Inc $100,843 Landsafe Title
Ruiz Salvador $94,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mathieu Jabari Id $99,715
Open Mathieu Jabari D $411,188
Closed Mathieu Jabari D $408,465
Previous Owner Lg Brothers Rentals Llc $170,000
Previous Owner Gobillo Wenceslao $340,000
Previous Owner Gobillo Wenceslao $256,000
Previous Owner Acn Properties Inc $131,000
Previous Owner Montoya Maria $145,350
Previous Owner Aguilar Flor $68,800
Previous Owner Ruiz Salvador $93,763
Closed Acn Properties Inc $125,500
Closed Gobillo Wenceslao $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2018 10/05/18 Sold $416,000 +0.2% $400 / Sq Ft
09/01/2018 09/01/18 Pending -- -- --
08/29/2018 08/29/18 For Sale $415,000 +37.4% $399 / Sq Ft
09/22/2017 09/22/17 Sold $302,000 -11.2% $290 / Sq Ft
07/14/2017 07/14/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $339,900 -- $327 / 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 $5,956 $464,050 $234,257 $229,793
2024 $5,956 $454,952 $229,664 $225,288
2023 $5,844 $446,032 $225,161 $220,871
2022 $5,582 $437,288 $220,747 $216,541
2021 $5,512 $428,715 $216,419 $212,296
2020 $5,563 $424,320 $214,200 $210,120
2019 $5,350 $416,000 $210,000 $206,000
2018 $4,032 $302,000 $202,000 $100,000
2016 $4,796 $376,789 $259,045 $117,744
2015 $4,723 $371,130 $255,154 $115,976
2014 $4,740 $363,861 $250,156 $113,705
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB18211061

California Regional Multiple Listing Service (CRMLS)

APN: 6052-019-003