NOT LISTED FOR SALE

1411 E 23rd St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $721,000 - $981,014

5 Beds
3 Baths
3,300 Sq Ft
$262/Sq Ft Est. Value

Last Sold September 12, 2017

Last sale price $680,000 $206 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,514/month

25 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Security Fence
  • Laundry Room
  • 4 Car Garage
  • South Facing Home

About This Home

As of September 2017

Excellent Bread & Butter Units, Long Term Tenants & Hardy Cash Flow with Minimal Maintenance. Conveniently located near USC and south of DTLA, All units have been maintained with VERY LOW VACANCY, Potential for Growth and Rent Increases. Rear Garages for Each Unit and Add'l Parking with a Long Driveway on the Side of the Property with a Secured Wrought Iron Gate Surrounding Property.

Last Agent to Sell the Property

Arthur Alderete

Re/Max Premier Realty License #01281647 Listed on: 06/15/2017

Re/Max Premier Realty

Last Buyer's Agent

Masoud Mohammadi

Coldwell Banker Platinum Prop License #01929682

Coldwell Banker Platinum Prop

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,576

Year Built

  • Built in 1926

Lot Details

  • 5,861 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Security Fence
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Single Garage Door
  • Shared Driveway
  • Assigned Parking

Home Design

  • Composition Roof

Interior Spaces

  • 3,300 Sq Ft Home
  • Tile Flooring
  • Range Hood
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • 220 Volts in Garage
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 4
  • Tax Tract Number 2270
  • Assessor Parcel Number 5119026004

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Trash Expense $2,400
  • Water Sewer Expense $2,580
  • New Taxes Expense $6,000
  • Operating Expense $11,880
  • Net Operating Income $42,672

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,576

Year Built

Built in 1926

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 6.50
  • Property Attached: No
  • Water Sewer Expenses: 2580.00
  • Property Type: Residential Income
  • Parcel Number: 5119026004
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 206.06

Exterior Features

  • Direction Faces: South
  • Fence: Yes
  • Fencing: Security
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Shared Driveway, Concrete, Garage, Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Range Hood
  • Electric: 220 Volts in Garage
  • Heating Type: Natural Gas
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5861.00

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Scheduled Income: 54552.00
  • Insurance Expense: 900.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 42672.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 11880.00
  • Rent Control: Yes
  • Total Actual Rent: 4546.00
  • Total Expenses: 11880.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Lot: 4
  • Tax Tract Number: 2270.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2017
Closed on
Jul 18, 2017
Sold by
Sandoval Jose C and Cortes Soni F
Bought by
Koochi Mohammad Ali Rashidi
Seller's Agent
Arthur Alderete
Re/Max Premier Realty
Buyer's Agent
Masoud Mohammadi
Coldwell Banker Platinum Prop
List Price
$649,888
Sold Price
$680,000
Premium/Discount to List
$30,112
4.63%
Current Estimated Value
$865,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,504
Avg. Annual Appreciation
3.09%
Original Mortgage
$510,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2002
Sold by
Sandoval Jose C
Bought by
Sandoval Jose C and Cortez Sonia F

Purchase Details

Closed on
Aug 30, 2000
Sold by
Cortez Sonia F
Bought by
Sandoval Jose C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,100
Interest Rate
8.52%

Purchase Details

Closed on
Jul 18, 2000
Sold by
Alamitos Properties Inc
Bought by
Sandoval Jose C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,100
Interest Rate
8.52%

Purchase Details

Closed on
Oct 18, 1999
Sold by
Bozeman Parthenia Tr and Will Of Walter J English
Bought by
Cyprus Kip C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
7.68%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Koochi Mohammad Ali Rashidi $680,000 Provident Title Company
Sandoval Jose C -- --
Sandoval Jose C -- Southland Title
Sandoval Jose C $299,000 Southland Title
Cyprus Kip C $160,000 First American Title Co
Cyprus Kip C -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koochi Mohammad Ali Rashidi $486,000
Previous Owner Koochi Mohammad Ali Rashidi $510,000
Previous Owner Sandoval Jose C $439,571
Previous Owner Sandoval Jose C $100,000
Previous Owner Sandoval Jose C $410,000
Previous Owner Sandoval Jose C $312,000
Previous Owner Sandoval Jose C $269,100
Previous Owner Cyprus Kip C $187,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2017 09/12/17 Sold $680,000 +4.6% $206 / Sq Ft
07/10/2017 07/10/17 Pending -- -- --
06/15/2017 06/15/17 For Sale $649,888 -- $197 / 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 $9,576 $773,718 $432,371 $341,347
2024 $9,576 $758,548 $423,894 $334,654
2023 $9,396 $743,676 $415,583 $328,093
2022 $8,968 $729,095 $407,435 $321,660
2021 $8,845 $714,800 $399,447 $315,353
2019 $8,585 $693,600 $387,600 $306,000
2018 $8,447 $680,000 $380,000 $300,000
2016 $4,881 $380,580 $142,557 $238,023
2015 $4,813 $374,864 $140,416 $234,448
2014 $4,854 $367,522 $137,666 $229,856
Source: Public Records

Agents Affiliated with this Home

  • Arthur Alderete

    Seller's Agent in 2017

    Arthur Alderete

    RE/MAX

    (888) 594-5333

    17 Total Sales

    Section Image
  • Masoud Mohammadi

    Buyer's Agent in 2017

    Masoud Mohammadi

    Coldwell Banker Platinum Prop

    (949) 552-0505

    31 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17137676

California Regional Multiple Listing Service (CRMLS)

APN: 5119-026-004

California Los Angeles County Los Angeles 90011 Central Alameda

1411 E 23rd St, Los Angeles, CA

This home is located at 1411 E 23rd St, Los Angeles, CA 90011 since 15 June 2017 and is currently estimated at $865,504, approximately $262 per square foot. This property was built in 1926. 1411 E 23rd St is a home located in Los Angeles County with nearby schools including Twentieth Street Elementary School, Thomas Jefferson Senior High School, and Nava College Preparatory Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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