NOT LISTED FOR SALE

Estimated Value: $1,116,000 - $1,702,000

7 Beds
3 Baths
2,492 Sq Ft
$530/Sq Ft Est. Value

Last Sold July 10, 2023

Last sale price $950,000 $381 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $8,729/month

14 Days on Market

About This Home

As of July 2023

Great Investment OR Owner occupancy Opportunity - 3 MODERN units/constructed in 1963: 3 units in total-all in 1 building: Located North of 101
freeway and East of Alvarado St-near Echo Park Front unit/downstairs 3 br/1 bath/Laundry room Bottom unit/2 br/1 bath/laundry room
upstairs unit/2 br/1 bath/laundry room
**Hardwood flooring in all units**
Detached 3-car garage with alley access & 1 car parking
**Property needs TLCProperty
Sold ''AS-IS''. *
SELLER OBTAINING CITY OF LOS ANGELES INSPECTION REPORT -
PRIOR TO CLOSING OF SALE
All measurements listed here are Estimates only. Buyer to verify all particulars and permits of record with public
records. Drive-by - then make viewing appointment.

Last Listed By

JAVIER SALAS

SALAS REALTY GROUP License #01490903 Listed on: 05/11/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,219

Year Built

  • Built in 1963

Lot Details

  • 5,600 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2,492 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 19 / 40
  • Tax Tract Number 19
  • Assessor Parcel Number 5404008024

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,219

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Price Per Unit: 566667
  • Property Attached: Yes
  • Zoning: LARD2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5404008024
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 381.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5600.00
  • Lot Size Acres: 0.1286

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Average3 Bed Area: 992 Square Feet
  • Gross Scheduled Income: 1.00
  • Lot Size Area: 5600.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 1.00
  • Rent Control: No

Tax Info

  • Tax Block: 40
  • Tax Census Tract: 1957.20
  • Tax Lot: 19
  • Tax Tract Number: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2025
Sold by
Marquez Juan A
Bought by
Jek Equity & Investments Llc
Total Days on Market
14
Current Estimated Value
$1,321,667

Purchase Details

Closed on
Aug 21, 2024
Sold by
Marquez Adriana
Bought by
Marquez Juan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2024
Sold by
Jek Equity & Investments Llc
Bought by
Marquez Juan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 11, 2023
Closed on
Jul 26, 2023
Sold by
Investsocal Llc
Bought by
Jek Equity & Investments Llc
Seller's Agent
JAVIER SALAS
SALAS REALTY GROUP
Buyer's Agent
JAVIER SALAS
SALAS REALTY GROUP
List Price
$1,700,000
Sold Price
$950,000
Premium/Discount to List
-$750,000
-44.12%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.38%
Original Mortgage
$1,433,100
Interest Rate
6.96%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 18, 2017
Sold by
Olivas Hector M
Bought by
Olivas Hector M and The Hector M Olivas Revocable

Purchase Details

Closed on
Dec 12, 1996
Sold by
Olivas Leonora M Tr Olivas Trust
Bought by
Olivas Hector M and Olivas Leonora M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.59%

Range of Values:

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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
Jek Equity & Investments Llc -- None Listed On Document
Marquez Juan A -- Stewart Title Of California
Marquez Juan A -- --
Jek Equity & Investments Llc $1,315,000 Lawyers Title Company
Olivas Hector M -- None Available
Olivas Hector M -- Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marquez Juan A $1,500,000
Previous Owner Jek Equity & Investments Llc $1,433,100
Previous Owner Olivas Hector M $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold $950,000 -44.1% $381 / Sq Ft
05/11/2023 05/11/23 For Sale $1,700,000 -- $682 / 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
2024 $16,219 $1,315,000 $985,000 $330,000
2023 $11,759 $950,436 $696,252 $254,184
2022 $1,458 $94,665 $31,158 $63,507
2021 $1,426 $92,810 $30,548 $62,262
2019 $1,389 $90,059 $29,643 $60,416
2018 $1,289 $88,294 $29,062 $59,232
2016 $1,204 $84,868 $27,935 $56,933
2015 $1,189 $83,594 $27,516 $56,078
2014 $1,212 $81,957 $26,977 $54,980
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23081539

California Regional Multiple Listing Service (CRMLS)

APN: 5404-008-024