NOT LISTED FOR SALE

978 E 32nd St Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $646,246 - $717,000

5 Beds
3 Baths
1,774 Sq Ft
$378/Sq Ft Est. Value

Last Sold December 08, 2014

Last sale price $350,000 $197 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $3,895/month

116 Days on Market

About This Home

As of December 2014

Superb investment property for the first time investor looking to start a smart financial future! The front-lower unit is a 3 bedrooms 1 Bathroom with a family kitchen, the Front Upstairs Unit is 1 Bedroom 1 Bathroom, the Back Unit is a 1 Bed 1 Bathroom property.
Very Low Maintenance for operating expenses, Fenced Property offers security and generous parking spaces within to accommodate multiple families. Don't miss your chance on this lucrative opportunity with public transportation conveniently located nearby and DTLA access to the finest shopping, dining, and entertainment options in one of the most exciting cities in the world, LA!

Last Agent to Sell the Property

Lourdes Moraga

Re/Max Diamond License #01127397 Listed on: 08/07/2014

Re/Max Diamond

Last Buyer's Agent

WILLIAM PULIDO

CARDONA REALTY License #01903462

CARDONA REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 5,525 Sq Ft Lot
  • No Common Walls
  • No Landscaping

Parking

  • 6 Parking Spaces

Home Design

  • 1,774 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 106
  • Assessor Parcel Number 5114019025

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $332
  • Water Sewer Expense $350
  • New Taxes Expense $1,295
  • Gross Income $27,600
  • Net Operating Income $27,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

5,525 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 350.00
  • Property Type: Residential Income
  • Parcel Number: 5114019025
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 197.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 5525.00
  • Lot Size Acres: 0.1270

Multi Family

  • Gross Income: 27600.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 332.00
  • Lot Size Area: 5525.0000 Square Feet
  • Net Operating Income: 27600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1295.00
  • Tax Lot: 106
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2014
Closed on
Nov 10, 2014
Sold by
Morales Margarita
Bought by
Islas Reyes Alvarado
Seller's Agent
Lourdes Moraga
Re/Max Diamond
Buyer's Agent
WILLIAM PULIDO
CARDONA REALTY
List Price
$329,900
Sold Price
$350,000
Premium/Discount to List
$20,100
6.09%
Current Estimated Value
$670,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,812
Avg. Annual Appreciation
5.96%
Original Mortgage
$320,512
Outstanding Balance
$243,806
Interest Rate
3.89%
Mortgage Type
FHA
Estimated Equity
$427,006

Purchase Details

Closed on
Sep 18, 2014
Sold by
Torres Navor and Torres Carolina
Bought by
Islas Reyes Alvarado

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,512
Outstanding Balance
$243,806
Interest Rate
3.89%
Mortgage Type
FHA
Estimated Equity
$427,006
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Islas Reyes Alvarado -- Ortc
Islas Reyes Alvarado $350,000 Ortc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Islas Reyes Alvarado $320,512
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2014 12/08/14 Sold $350,000 +6.1% $197 / Sq Ft
12/01/2014 12/01/14 Pending -- -- --
08/07/2014 08/07/14 For Sale $329,900 -- $186 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,391 $420,638 $240,367 $180,271
2024 $5,290 $412,391 $235,654 $176,737
2023 $5,192 $404,306 $231,034 $173,272
2022 $4,956 $396,379 $226,504 $169,875
2021 $4,890 $388,608 $222,063 $166,545
2020 $4,936 $384,625 $219,787 $164,838
2019 $4,748 $377,084 $215,478 $161,606
2018 $4,696 $369,691 $211,253 $158,438
2016 $4,479 $355,337 $203,050 $152,287
2015 $4,416 $350,000 $200,000 $150,000
2014 $1,281 $83,194 $24,881 $58,313
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Lourdes Moraga

    Re/Max Diamond

    Section Image

  • W

    Buyer's Agent in 2014

    WILLIAM PULIDO

    CARDONA REALTY

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14169045

California Regional Multiple Listing Service (CRMLS)

APN: 5114-019-025

California Los Angeles County Los Angeles 90011 Historic South Central

978 E 32nd St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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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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