NOT LISTED FOR SALE

Estimated Value: $740,000 - $868,000

7 Beds
4 Baths
2,340 Sq Ft
$348/Sq Ft Est. Value

Last Sold October 26, 2016

Last sale price $430,000 $184 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $4,898/month

301 Days on Market

About This Home

As of October 2016

BACK ON THE MARKET!!!979-981 E. 34th. St. Los Angeles, Ca, 90011. Bank is in the process to approve the Short Sale and the price for $430,000; two detached units in excellent conditions, front unit is 4Bed/2Baths, back unit is 3Bed/2Baths, huge space for parking at the back of the property with entrance by the alley, drive by only, please make your offer subject to interior inspection!!!

Last Agent to Sell the Property

Eddie Lopez

Berkshire Hathaway Hm Ser License #01787042 Listed on: 04/26/2016

Berkshire Hathaway Hm Ser

Last Buyer's Agent

Mary Bonilla

Excellence RE Real Estate, Inc. License #01429874

Excellence RE Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1901

Lot Details

  • 5,995 Sq Ft Lot
  • No Common Walls

Home Design

  • 2,340 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 55
  • Assessor Parcel Number 5114018002

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $1,000
  • Insurance Expense $850
  • Trash Expense $900
  • Water Sewer Expense $1,800
  • New Taxes Expense $4,269
  • Operating Expense $10,019
  • Gross Income $3,400
  • Net Operating Income $1,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 5114018002
  • Year Built: 1901
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 183.76

Exterior Features

  • Pool Private: No

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 5995.00
  • Price Per Lot Square Foot: 71.73
  • Lot Size Acres: 0.1380

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 1000.00
  • Gross Income: 3400.00
  • Gross Scheduled Income: 3400.00
  • Insurance Expense: 850.00
  • Lot Size Area: 5995.0000 Square Feet
  • Net Operating Income: 1200.00
  • 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: 1500.00
  • Rent Control: Yes
  • Total Expenses: 10019.00

Tax Info

  • New Taxes Expense: 4269.00
  • Tax Lot: 31
  • Tax Tract Number: Bk 55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2016
Closed on
Sep 21, 2016
Sold by
Sellassie Joseph
Bought by
Garcia Rafael
Seller's Agent
Eddie Lopez
Berkshire Hathaway Hm Ser
Buyer's Agent
Mary Bonilla
Excellence RE Real Estate, Inc.
List Price
$320,000
Sold Price
$430,000
Premium/Discount to List
$110,000
34.38%
Current Estimated Value
$838,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,236
Avg. Annual Appreciation
7.19%
Original Mortgage
$422,211
Outstanding Balance
$338,003
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$477,424

Purchase Details

Closed on
Jan 18, 2005
Sold by
Clemons George L and Clemons Pearl A
Bought by
Sellassie Joseph
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
Garcia Rafael $430,000 Orange Coast Title Company
Sellassie Joseph -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Rafael $422,211
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2016 10/26/16 Sold $430,000 +34.4% $184 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
08/05/2015 08/05/15 For Sale $320,000 -- $137 / 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 $6,184 $499,045 $266,931 $232,114
2024 $6,184 $489,261 $261,698 $227,563
2023 $6,068 $479,668 $256,567 $223,101
2022 $5,791 $470,264 $251,537 $218,727
2021 $5,710 $461,044 $246,605 $214,439
2020 $5,762 $456,318 $244,077 $212,241
2019 $5,541 $447,372 $239,292 $208,080
2018 $5,432 $438,600 $234,600 $204,000
2016 $5,475 $440,000 $230,700 $209,300
2015 $5,083 $407,000 $185,000 $222,000
2014 $4,269 $330,000 $150,000 $180,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15172494

California Regional Multiple Listing Service (CRMLS)

APN: 5114-018-002