NOT LISTED FOR SALE

Estimated Value: $767,000 - $1,389,000

10 Beds
6 Baths
3,646 Sq Ft
$330/Sq Ft Est. Value

Last Sold November 27, 2024

Last sale price $1,300,000 $357 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $7,637/month

18 Days on Market

Highlights

  • Solar Power System
  • No HOA
  • Living Room
  • Contemporary Architecture
  • Double Pane Windows
  • Laundry Room

About This Home

As of November 2024

Searching for a lucrative real estate investment in South Los Angeles? Built in December 2021 on a generous lot, this modern duplex in a Green Meadows neighborhood might be what you’re looking for! These back-to-back units each feature five spacious bedrooms, three baths, a well-equipped kitchen, and a laundry nook. Currently occupied, both residences enjoy privacy and security with a gated front yard, separated entries, and mirrored interiors with high ceilings, plush carpet, and wide windows. Live in one while leasing the other or rent the pair for a steady revenue stream. Notables include, 1-car garage and 2-car garage with plenty of additional parking. Owned solar panels that can be transferred at no cost, ensuring sustainable energy efficiency. In addition, this unique property also benefits from a special state program that enhances its financial potential. With proximity to the 105 and 110 freeways, you’ll have easy access to various conveniences as well as local favorites like Pupuseria Lemus, Ted Watkins Memorial Park, Magic Johnson Park, Superior Grocers, and nearby schools. Come take advantage of this rare find while it’s still available!

Last Agent to Sell the Property

Donna SantaMaria

U.S. Realty Group Inc. Brokerage Phone: 714-328-2991 License #01182440 Listed on: 09/23/2024

Last Buyer's Agent

William Neri

Berkshire Hathaway HomeService License #01862347

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,650

Year Built

  • Built in 2021 | Remodeled

Lot Details

  • 5,140 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Front Yard Sprinklers
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage
  • Two Garage Doors
  • Driveway Level
  • Controlled Entrance

Home Design

  • Duplex
  • Contemporary Architecture
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Wood Siding
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 3,646 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Panel Doors
  • Living Room
  • Gas Range
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Solar Power System
  • Solar owned by seller

Utilities

  • Forced Air Heating System
  • High Efficiency Heating System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Natural Gas Connected
  • High-Efficiency Water Heater

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 19 / 13
  • Tax Tract Number 6401
  • Assessor Parcel Number 6063011018
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,800
  • Fuel Expense $1,200
  • Gardener Expense $1,200
  • Insurance Expense $4,500
  • Other Expense $2,400
  • Trash Expense $480
  • Water Sewer Expense $1,800
  • Operating Expense $8,880
  • Gross Income $132,000
  • Net Operating Income $123,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,650

Year Built

Built in 2021 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6063011018
  • Year Built: 2021
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 356.56
  • Room Type: Kitchen, Laundry, Living Room
  • Window Features: Blinds, Double Pane Windows, Screens

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Controlled Entrance, Concrete, Driveway Level, Garage Faces Front, Garage Faces Rear, Garage - Single Door, Garage - Two Door, On Site, Oversized
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: 220 Volts, Photovoltaics Seller Owned
  • Heating Type: Central, Forced Air, High Efficiency, Natural Gas
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Green Features

  • Efficiency: Water Heater
  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinklers In Front
  • Lot Size Sq Ft: 5140.00
  • Lot Size Acres: 0.1180

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 1800.00
  • Fuel Expense: 1200.00
  • Gross Income: 132000.00
  • Gross Scheduled Income: 132000.00
  • Insurance Expense: 4500.00
  • Lot Size Area: 5140.0000 Square Feet
  • Net Operating Income: 123120.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 8880.00
  • Other Expense: 2400.00
  • Other Expense Description: Internet
  • Rent Control: No
  • Total Actual Rent: 132000.00
  • Total Expenses: 8880.00

Tax Info

  • Tax Area: 461
  • Tax Block: 13
  • Taxes Percent: 1.20
  • Tax Lot: 19
  • Tax Tract Number: 6401
  • Tax Annual Amount: 15650.00
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2024
Closed on
Nov 12, 2024
Sold by
Willie Michael Duane
Bought by
My Home Mi Casa Llc
Seller's Agent
Donna SantaMaria
U.S. Realty Group Inc.
Buyer's Agent
William Neri
Berkshire Hathaway HomeService
List Price
$1,300,000
Sold Price
$1,300,000
Views
11
Current Estimated Value
$1,203,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$96,071
Avg. Annual Appreciation
-6.86%

Purchase Details

Closed on
Jul 11, 2019
Sold by
Alvarez Jose R and Alvarez Cecilia
Bought by
Alvarez Maria Rivera and Proscia Rocio

Purchase Details

Closed on
Nov 10, 2014
Sold by
Alvarez Jose R
Bought by
Alvarez Jose R and Alvarez Cecilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2000
Sold by
Trust Alvarez, Jose R Tr Maria R Alvarez
Bought by
Alvarez Jose R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,300
Interest Rate
8.18%

Purchase Details

Closed on
Nov 19, 1998
Sold by
Alvarez Maria R
Bought by
Alvarez Jose R and Maria R Alvarez Trust

Purchase Details

Closed on
Nov 22, 1993
Sold by
Alvarez Maria R B
Bought by
Alvarez Maria R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
6.88%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
My Home Mi Casa Llc $1,300,000 Orange Coast Title Company
My Home Mi Casa Llc $1,300,000 Orange Coast Title Company
Alvarez Maria Rivera -- None Available
Alvarez Jose R -- First American Title Company
Alvarez Jose R -- Stewart Title
Alvarez Jose R -- --
Alvarez Maria R -- Continental Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alvarez Jose R $169,000
Previous Owner Alvarez Jose R $92,300
Previous Owner Alvarez Maria R $82,000
Closed My Home Mi Casa Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/27/2024 11/27/24 Sold $1,300,000 0.0% $357 / Sq Ft
09/23/2024 09/23/24 For Sale $1,300,000 +182.6% $357 / Sq Ft
04/26/2021 04/26/21 Sold $460,000 +5.7% $441 / Sq Ft View Prior Sale
04/06/2021 04/06/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $435,000 -- $417 / 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 $15,957 $1,300,000 $600,000 $700,000
2024 $15,957 $1,274,490 $936,360 $338,130
2023 $15,650 $1,249,500 $918,000 $331,500
2022 $5,939 $469,200 $375,360 $93,840
2021 $5,486 $431,000 $321,000 $110,000
2020 $2,020 $140,518 $66,043 $74,475
2019 $1,949 $137,764 $64,749 $73,015
2018 $1,893 $135,064 $63,480 $71,584
2016 $1,796 $129,821 $61,016 $68,805
2015 $1,768 $127,872 $60,100 $67,772
2014 $1,775 $125,368 $58,923 $66,445
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24196831

California Regional Multiple Listing Service (CRMLS)

APN: 6063-011-018