P
Seller's Agent in 2016
Paul Luc
Resource Real Estate Services
(626) 248-1090
2 Total Sales
1029 E 45th St Los Angeles, CA 90011
South Park Neighborhood
12
Beds
7
Baths
5,372
Sq Ft
7,604
Sq Ft Lot
About This Home
As of May 2016Situated in the heart of the Central Ave Jazz Corridor. Features a total of 7 units with six 2 beds/1bath and 1 single/1bath with kitchenette. It is a desirable property investment with income growth potential.This easy to maintain building is located 1 block from the intersection of Central and Vernon Ave where the popular weekly Central Ave Farmers Market is held. All units have wrought iron security doors. New exterior paint and , wrought iron fence around complex with sliding gate for access to parking lot. Each unit is individually metered for gas and electricity and tenant pays for trash. Conveniently close to restaurants, shops, schools, transportation. It is directly across from the Sally Ride Elementary SMART Academy and Vernon Branch Public Library.
Easy access 110 freeway and just miles to Downtown Los Angeles, USC and the CA Science Center. Do not disturb tenants. Drive by only. Subject to inspection
Last Agent to Sell the Property
Resource Real Estate Services License #01969367 Listed on: 12/16/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 7,604 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 8 Parking Spaces
Home Design
- 5,372 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 12 Bedrooms
- 7 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Tax Lot 14
- Tax Tract Number 2286
- Assessor Parcel Number 5108028013
Community Details
Overview
- 7 Units
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $470
- Insurance Expense $2,193
- Water Sewer Expense $2,724
- New Taxes Expense $7,820
- Gross Income $6,375
- Net Operating Income $55,473
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/03/2016 05/03/16 | Sold | $855,000 | +14.0% | $159 / Sq Ft |
| 04/29/2016 04/29/16 | Pending | -- | -- | -- |
| 12/16/2015 12/16/15 | For Sale | $750,000 | -- | $140 / 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 | $13,035 | $1,012,140 | $657,004 | $355,136 |
| 2024 | $13,035 | $992,295 | $644,122 | $348,173 |
| 2023 | $12,799 | $972,840 | $631,493 | $341,347 |
| 2022 | $12,237 | $953,765 | $619,111 | $334,654 |
| 2021 | $14,645 | $1,154,234 | $620,401 | $533,833 |
| 2020 | $12,191 | $925,478 | $600,749 | $324,729 |
| 2019 | $11,739 | $907,332 | $588,970 | $318,362 |
| 2018 | $11,594 | $889,542 | $577,422 | $312,120 |
| 2016 | $7,452 | $556,103 | $87,448 | $468,655 |
| 2015 | $7,354 | $547,751 | $86,135 | $461,616 |
| 2014 | -- | $537,022 | $84,448 | $452,574 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Luc
-
Orlando Cruz
Buyer's Agent in 2016
Orlando Cruz
Brightstone Estate Properties
(818) 430-4210
53 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR15263244
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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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