986 Gifford Ave Los Angeles, CA 90063
Estimated payment $3,005/month
About This Home
986-988 Gifford Ave is a two-unit property located in the City Terrace neighborhood of East Los Angeles. The property features one 3 bedroom + 1 bathroom unit and one 2 bedroom + 1 bathroom unit. The property was built in 1948, and is 1,218 SF on a 5,097 SF lot. The front unit has its own car garage. Tenants enjoy being minutes from City Terrace Park and local schools. This is a great opportunity for an investment with lots of upside potential.
Listing Agent
Keller Williams - Eagle Rock Brokerage Phone: 626-272-5941 License #01886951 Listed on: 03/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,416
Year Built
- Built in 1948
Lot Details
- 5,098 Sq Ft Lot
- 1 Common Wall
Parking
- 1 Open Parking Space
- 2 Car Garage
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 1,218 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Tax Lot 41
- Tax Tract Number 9450
- Assessor Parcel Number 5226046023
- $1,086 per year additional tax assessments
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 $30
- Insurance Expense $1,595
- Pest Control $300
- Trash Expense $950
- Water Sewer Expense $950
- New Taxes Expense $5,783
- Operating Expense $12,373
- Gross Income $39,204
- Net Operating Income $25,655
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,416 | $270,904 | $246,282 | $24,622 |
| 2024 | $4,416 | $265,593 | $241,453 | $24,140 |
| 2023 | $4,179 | $260,386 | $236,719 | $23,667 |
| 2022 | $4,007 | $255,281 | $232,078 | $23,203 |
| 2021 | $3,961 | $250,277 | $227,528 | $22,749 |
| 2020 | $3,984 | $247,711 | $225,195 | $22,516 |
| 2019 | $3,853 | $242,855 | $220,780 | $22,075 |
| 2018 | $3,762 | $238,094 | $216,451 | $21,643 |
| 2016 | $3,610 | $228,850 | $208,047 | $20,803 |
| 2015 | $3,560 | $225,413 | $204,922 | $20,491 |
| 2014 | $3,565 | $220,998 | $200,908 | $20,090 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/12/2025 03/12/25 | For Sale | $495,000 | -- | $406 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $167,000 | None Available | |
| Trustee Deed | $176,000 | Landsafe Title | |
| Grant Deed | $435,000 | North American Title Co | |
| Grant Deed | -- | -- | |
| Interfamily Deed Transfer | $167,000 | Southland Title Corporation | |
| Interfamily Deed Transfer | -- | Southland Title Corporation |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $424,000 | Negative Amortization | |
| Previous Owner | $328,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $215,000 | Unknown | |
| Previous Owner | $187,000 | Unknown | |
| Previous Owner | $167,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25054990
APN: 5226-046-023
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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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