NOT LISTED FOR SALE

Estimated Value: $1,082,000 - $1,204,000

3 Beds
2 Baths
2,383 Sq Ft
$478/Sq Ft Est. Value

Last Sold September 17, 2014

Last sale price $610,000 $256 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $7,102/month

40 Days on Market

About This Home

As of September 2014

***JUST REDUCED*** ALL UNITS COMPLETELY REHABBED - Standard Sale. Restored Craftsman Style 3 unit property in the West Adams Historic Area. Unit 3017 is a 3bd/2ba, Unit 3017 1/2 is a 1bd/1ba and Unit 3019 is a 2bd/1ba. New laminate flooring, new kitchens and bathrooms, new windows, automatic sprinkler system, fresh paint, new sod, upgraded eletrical panel for all 3 units and new plumbing. All units are vacant and in ready to move in. Located near USC, 10 & 110 frwys, Downtown L.A. and shopping areas.

Last Listed By

Olga Vasquez

Century 21 Allstars License #01382602 Listed on: 06/17/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,149

Year Built

  • Built in 1906

Lot Details

  • 7,100 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Car Garage

Home Design

  • 2,383 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 2221
  • Assessor Parcel Number 5053024030

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,000
  • Insurance Expense $1,200
  • Trash Expense $960
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,812
  • Gross Income $4,700
  • Net Operating Income $4,691

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,149

Year Built

Built in 1906

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: Listing Office
  • Other Phone Number: 562-205-3536
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 5053024030
  • Year Built: 1906
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 255.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 7100.00
  • Lot Size Acres: 0.1630

Multi Family

  • Gross Income: 4700.00
  • Gross Scheduled Income: 4700.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7100.0000 Square Feet
  • Net Operating Income: 4691.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 900.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 7812.00
  • Tax Lot: 20
  • Tax Tract Number: 2221
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2014
Closed on
Aug 6, 2014
Sold by
Reo Advisors Llc
Bought by
Burkhart Erik and Muy Sandra
Seller's Agent
Olga Vasquez
Century 21 Allstars
Buyer's Agent
Delma Duarte
Realty Point
List Price
$625,000
Sold Price
$610,000
Premium/Discount to List
-$15,000
-2.4%
Total Days on Market
40
Current Estimated Value
$1,138,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$528,250
Avg. Annual Appreciation
6.50%
Original Mortgage
$598,951
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 9, 2013
Closed on
Oct 24, 2013
Sold by
Us Bank National Association
Bought by
Reo Advisors Llc
Seller's Agent
Misael Vasquez
Century 21 Allstars
Buyer's Agent
Olga Vasquez
Century 21 Allstars
List Price
$264,900
Sold Price
$332,000
Premium/Discount to List
$67,100
25.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
102.86%
Original Mortgage
$255,000
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2013
Sold by
Hernandez Francisco and Hernandez Heydi
Bought by
Us Bank National Association

Purchase Details

Closed on
Jun 8, 2006
Sold by
Hernandez Heydi
Bought by
Hernandez Francisco and Hernandez Heydi

Purchase Details

Closed on
Apr 22, 2004
Sold by
Menendez Mario E
Bought by
Hernandez Heydi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2002
Sold by
Hernandez Francisco
Bought by
Hernandez Heydi

Purchase Details

Closed on
Feb 23, 2001
Sold by
Kubo Takeo and Nagao Sadako
Bought by
Nagao Sadako

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,570
Interest Rate
6.89%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 21, 2001
Sold by
Nagao Sadako
Bought by
Hernandez Francisco and Hernandez Heydi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,570
Interest Rate
6.89%
Mortgage Type
FHA

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
Burkhart Erik $610,000 Ticor Title
Reo Advisors Llc $332,000 Lsi Title Company Inc
Us Bank National Association $297,000 Accommodation
Hernandez Francisco -- None Available
Hernandez Heydi -- Landsafe Title
Hernandez Heydi -- --
Hernandez Heydi -- --
Hernandez Francisco $222,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burkhart Erik $78,370
Open Burkhart Erik $640,007
Closed Burkhart Erik $597,859
Closed Burkhart Erik $600,414
Closed Burkhart Erik $598,951
Previous Owner Reo Advisors Llc $255,000
Previous Owner Hernandez Francisco $551,000
Previous Owner Hernandez Francisco $70,000
Previous Owner Hernandez Heydi $412,500
Previous Owner Hernandez Heydi $280,000
Previous Owner Hernandez Francisco $218,570
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2014 09/17/14 Sold $610,000 -2.4% $256 / Sq Ft
07/27/2014 07/27/14 Pending -- -- --
06/17/2014 06/17/14 For Sale $625,000 +88.3% $262 / Sq Ft
11/08/2013 11/08/13 Sold $332,000 +25.3% $139 / Sq Ft
10/21/2013 10/21/13 Pending -- -- --
10/09/2013 10/09/13 For Sale $264,900 -- $111 / 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 $9,149 $718,743 $503,123 $215,620
2023 $8,982 $704,651 $493,258 $211,393
2022 $8,580 $690,836 $483,587 $207,249
2021 $8,467 $677,291 $474,105 $203,186
2020 $8,550 $670,347 $469,244 $201,103
2019 $8,222 $657,204 $460,044 $197,160
2018 $8,090 $644,319 $451,024 $193,295
2016 $7,729 $619,301 $433,511 $185,790
2015 $7,619 $610,000 $427,000 $183,000
2014 $4,420 $332,000 $232,000 $100,000
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14127188

California Regional Multiple Listing Service (CRMLS)

APN: 5053-024-030