J
Seller's Agent in 2023
Julio Cortez
Julio Ceaser Cortez
(562) 382-1936
1 in this area
20 Total Sales
Estimated Value: $1,110,962 - $1,480,000
9
Beds
5
Baths
3,180
Sq Ft
$392/Sq Ft
Est. Value
Highlights
- Contemporary Architecture
- Wrought Iron Fence
- No Heating
- No HOA
- Vinyl Flooring
- 1-Story Property
About This Home
As of November 2023Fabulous 4-units located in the highly desirable Mid Los Angeles location. Close proximity to K-Town, Downtown LA and Mid- Wilshire. Near the Metro Purple line to LAX. Great for investment to buy and hold or as an owner user to live and a highly desirable area. Tenants are paying below market rent on 2 units. This property consists of 3 2-bedroom units and 1 3-bedroom unit. All have a car garage for storage or vehicle. This immediate area has experienced a tremendous amount of positive growth and gentrification. These positive changes continue to occur with several new developments and renovations taking place, making it a prime location for tenants to live and an ideal location to own multifamily properties. The property is centrally located close to the 10, the 110, and the 405 Freeways and provides easy access to an abundance of public transportation. Additionally, the property is just minutes away from places of employment, entertainment and shopping in the Westside, Mid-Wilshire and Beverly Hills neighborhoods. Please do not disturb tenants. Will go fast!
Last Agent to Sell the Property
Julio Ceaser Cortez License #01740245 Listed on: 06/08/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,192
Year Built
- Built in 1939
Lot Details
- 7,000 Sq Ft Lot
- Two or More Common Walls
- Wrought Iron Fence
- Fence is in average condition
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
- Single Garage Door
Home Design
- Contemporary Architecture
- Quadruplex
- Entry on the 1st floor
- Composition Roof
- Stucco
Interior Spaces
- 3,180 Sq Ft Home
- 1-Story Property
- Vinyl Flooring
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Utilities
- No Heating
- Sewer Paid
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tax Lot 117
- Tax Tract Number 569
- Assessor Parcel Number 5071018028
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $2,400
- Insurance Expense $1,200
- Water Sewer Expense $3,600
- Operating Expense $7,200
- Gross Income $3,060
- Net Operating Income $2,560
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 8, 2023
Closed on
Oct 11, 2023
Sold by
Sanchez Tomas Gomez and Martinez Bertha
Bought by
Peraza Victor G
Seller's Agent
Julio Cortez
Julio Ceaser Cortez
Buyer's Agent
Efren Martin
Efren Martin Real Estate, Inc.
List Price
$1,150,000
Sold Price
$1,050,000
Premium/Discount to List
-$100,000
-8.7%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,991
Avg. Annual Appreciation
10.22%
Original Mortgage
$840,000
Interest Rate
7.57%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 4, 2006
Sold by
Gomez Tomas
Bought by
Gomez Tomas and Martinez Bertha
Purchase Details
Closed on
Aug 9, 2005
Sold by
Martinez Bertha
Bought by
Gomez Tomas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$596,500
Interest Rate
6.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 12, 2004
Sold by
Martinez Berta
Bought by
Gomez Tomas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 21, 2004
Sold by
Karasawa Gary and Karasawa Diane
Bought by
Gomez Tomas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 6, 2004
Sold by
Matsuno Barbara T and The Matsuno Family Trust
Bought by
Karasawa Gary and Karasawa Diane
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Peraza Victor G | $1,050,000 | Pacific Coast Title Company | |
| Gomez Tomas | -- | -- | |
| Gomez Tomas | -- | Ticor Title Company | |
| Gomez Tomas | -- | Investors Title Company | |
| Gomez Tomas | $475,000 | Investors Title Company | |
| Karasawa Gary | -- | Investors Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Peraza Victor G | $840,000 | |
| Previous Owner | Gomez Tomas | $596,500 | |
| Previous Owner | Gomez Tomas | $380,000 | |
| Closed | Gomez Tomas | $95,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/28/2023 11/28/23 | Sold | $1,050,000 | -8.7% | $330 / Sq Ft |
| 07/08/2023 07/08/23 | Price Changed | $1,150,000 | 0.0% | $362 / Sq Ft |
| 07/08/2023 07/08/23 | For Sale | $1,150,000 | +9.5% | $362 / Sq Ft |
| 06/23/2023 06/23/23 | Off Market | $1,050,000 | -- | -- |
| 06/08/2023 06/08/23 | For Sale | $1,350,000 | -- | $425 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,192 | $1,071,000 | $816,000 | $255,000 |
| 2024 | $13,192 | $1,050,000 | $800,000 | $250,000 |
| 2023 | $8,232 | $636,381 | $535,906 | $100,475 |
| 2022 | $7,868 | $623,904 | $525,399 | $98,505 |
| 2021 | $7,758 | $611,672 | $515,098 | $96,574 |
| 2020 | $7,832 | $605,401 | $509,817 | $95,584 |
| 2019 | $7,536 | $593,531 | $499,821 | $93,710 |
| 2018 | $7,376 | $581,894 | $490,021 | $91,873 |
| 2016 | $7,034 | $559,300 | $470,994 | $88,306 |
| 2015 | $6,935 | $550,900 | $463,920 | $86,980 |
| 2014 | $6,983 | $540,110 | $454,833 | $85,277 |
Source: Public Records
Agents Affiliated with this Home
-
Julio Cortez
-
Efren Martin
E
Buyer's Agent in 2023
Efren Martin
Efren Martin Real Estate, Inc.
(562) 330-1516
1 in this area
22 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW23032200
APN: 5071-018-028
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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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