NOT LISTED FOR SALE

Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $879,483 - $1,024,000

8 Beds
4 Baths
2,690 Sq Ft
$356/Sq Ft Est. Value

Last Sold July 31, 2018

Last sale price $627,000 $233 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,740/month

170 Days on Market

About This Home

As of July 2018

Great opportunity for a small investor or an owner occupant. Built in 2005, this duplex has a unique unit mix of two larger four bedroom apartments with two bathrooms each. Units are vacant and new owner can set them at whatever the market will bear. Because the units are relatively new, the expenses are low with separate meters for gas and electricity and separate hot water heaters. There is NO rent control. Units just passed Code Enforcement Inspection. Also, both units contain coin operated laundry machines which are not in use but can provide additional income of approximately $100 per month. Recently, there has been over $32,000 in Capital Improvements at the property including one renovated unit, drought resistant landscaping, two water heaters a gate and the entire building was freshly painted. Offers to be made subject to inspection..

Last Agent to Sell the Property

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 09/20/2017

Last Buyer's Agent

Alex Sanchez

Jason Mitchell Real Estate CA License #01734841

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2005

Lot Details

  • 4,804

Home Design

  • Duplex

Interior Spaces

  • 2,690 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Carport

Additional Features

  • 4,804 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 6030-004-030

Property Details

Home Type

Multi-Family

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 2690
  • Probate: No
  • Stories: 1
  • Year Built: 2005
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Equipment: Refrigerator
  • Price Per S Q F T: 232.34

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 251284
  • Assessed Land Value: 167522
  • Assessor Parcel Number: 6030-004-030
  • Geocode Override: No
  • Lot Size Area: 4804

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.42
  • Number Of Units: 2
  • Rent Control: 0
  • Type Of Units: Duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 23, 2020
Sold by
Ortiz Rogelio and Ortiz Rogelio J
Bought by
Ortiz Rogelio and Zuzuarregui Lucia
Current Estimated Value
$958,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Outstanding Balance
$448,488
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$509,883

Purchase Details

Listed on
Sep 20, 2017
Closed on
Jul 20, 2018
Sold by
Keller Sally
Bought by
Ortiz Rogelio J
Seller's Agent
Jerome McAlpin
McAlpin & Company
Buyer's Agent
Alex Sanchez
Jason Mitchell Real Estate CA
List Price
$625,000
Sold Price
$627,000
Premium/Discount to List
$2,000
0.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.88%
Original Mortgage
$470,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2008
Sold by
Keller Sylvia
Bought by
Keller Jeffrey F

Purchase Details

Closed on
Sep 9, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Keller Sally

Purchase Details

Closed on
Mar 31, 2008
Sold by
Ornelas Lilia
Bought by
Deutsche Bank National Trust Co and Morgan Stanley Abs Capital I Inc Trust 2

Purchase Details

Closed on
Nov 17, 2005
Sold by
Lajoma Corp
Bought by
Ornelas Lilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,200
Interest Rate
8.24%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 15, 2005
Sold by
Olague Llc
Bought by
Lajoma Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 2005
Sold by
Hernandez Isidro and Hernandez Hilaria
Bought by
Olague Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ortiz Rogelio -- Pacific Coast Title
Ortiz Rogelio J $627,000 Wfg National Title Company
Keller Jeffrey F -- Commonwealth Land Title
Keller Sally $385,000 Commonwealth
Deutsche Bank National Trust Co $476,754 None Available
Ornelas Lilia $549,000 --
Lajoma Corp -- --
Olague Llc $200,000 Southland Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz Rogelio $504,000
Closed Ortiz Rogelio J $470,250
Previous Owner Ornelas Lilia $439,200
Previous Owner Olague Llc $206,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2018 07/31/18 Sold $627,000 +0.3% $233 / Sq Ft
06/12/2018 06/12/18 For Sale $625,000 0.0% $232 / Sq Ft
06/12/2018 06/12/18 Price Changed $625,000 +1.6% $232 / Sq Ft
03/09/2018 03/09/18 Pending -- -- --
02/22/2018 02/22/18 For Sale $615,000 -1.9% $229 / Sq Ft
02/21/2018 02/21/18 Off Market $627,000 -- --
02/02/2018 02/02/18 Price Changed $615,000 -1.6% $229 / Sq Ft
09/20/2017 09/20/17 For Sale $625,000 -- $232 / Sq Ft
Source: The MLS

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 $8,625 $699,425 $368,119 $331,306
2024 $8,625 $685,711 $360,901 $324,810
2023 $8,461 $672,267 $353,825 $318,442
2022 $8,073 $659,087 $346,888 $312,199
2021 $7,964 $646,165 $340,087 $306,078
2020 $8,041 $639,540 $336,600 $302,940
2019 $7,729 $627,000 $330,000 $297,000
2018 $5,491 $435,724 $174,289 $261,435
2016 $5,227 $418,806 $167,522 $251,284
2015 $5,153 $412,516 $165,006 $247,510
2014 $5,179 $404,436 $161,774 $242,662
Source: Public Records

Agents Affiliated with this Home

  • Jerome McAlpin

    Seller's Agent in 2018

    Jerome McAlpin

    McAlpin & Company

    (310) 902-8977

    31 Total Sales

    Jerome McAlpin
    Section Image
  • Alex Sanchez

    Buyer's Agent in 2018

    Alex Sanchez

    Jason Mitchell Real Estate CA

    (562) 239-8819

    59 Total Sales

    Alex Sanchez
    Section Image
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Source: The MLS

MLS Number: 17-271722

The MLS

APN: 6030-004-030

California Los Angeles County Los Angeles 90003

Florence

Not Listed for Sale

MultiFamily

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