NOT LISTED FOR SALE

1040 W 53rd St Los Angeles, CA 90037

Vermont Square Neighborhood

Estimated Value: $665,000 - $865,000

2 Beds
2 Baths
1,984 Sq Ft
$377/Sq Ft Est. Value

Last Sold May 09, 2012

Last sale price $225,500 $114 Per Sq Ft

Est. 232% increase in value since last sale

Current estimated payment $4,377/month

73 Days on Market

Highlights

  • Gated Parking
  • Side by Side Parking
  • 1-Story Property

About This Home

As of May 2012

BRC Advisors is pleased to announce the sale of this duplex consisting of all two bedroom plus one bathroom units. These spacious units are side by side and were refurbished approximately 3 years ago. They feature tile flooring for easy maintenance in the living rooms, kitchens, bathrooms and hallways, and carpeting in the bedrooms. Each unit has gated parking spaces at the front of the property and spaces at the rear of the building, for a grand total of seven parking spaces. Expenses are minimal as the building is separately metered for gas and electricity, each unit has its own water heater, and tenants pay for their own trash removal and gardening. The building has been well maintained by the current owner and in 2010, the exterior was painted and new landscaping was also installed. One unit was delivered vacant at the close of escrow.

Last Agent to Sell the Property

Joshua Johnson

Keller Williams Beverly Hills License #01824930 Listed on: 01/10/2012

Keller Williams Beverly Hills

Last Buyer's Agent

Durga Campos

License #01862125

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,681

Year Built

  • Built in 1922

Lot Details

  • 5,140

Interior Spaces

  • 1,984 Sq Ft Home
  • 1-Story Property

Parking

  • 7 Open Parking Spaces
  • 4 Parking Spaces
  • Side by Side Parking
  • Gated Parking

Additional Features

  • 5,140 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gardener, gas
  • The owner pays for water
  • Assessor Parcel Number 5002-026-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,681

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1984
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 118.45

Exterior Features

  • Paved: Yes
  • Pool: No

Garage/Parking

  • Other Spaces: 7
  • Parking Garage: Gated, Side By Side, Uncovered
  • Total Parking: 4

Utilities

  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 212241
  • Assessed Land Value: 302444
  • Assessor Parcel Number: 5002-026-027
  • Lot Size Area: 5140

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gardener, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Rent Control: 100%
  • Total Annual Expense: 0
  • Type Of Units: Income
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 2015
Sold by
Sanchez Jovel O
Bought by
Sanchez Jovel O and The Sanchez Living Trust
Current Estimated Value
$748,437

Purchase Details

Closed on
Mar 6, 2015
Sold by
Sanchez Jovel O
Bought by
Sanchez Jovel O

Purchase Details

Listed on
Jan 10, 2012
Closed on
Apr 15, 2012
Sold by
Renew Investments Income Fund I Llc
Bought by
Sanchez Jovel Oswaldo and Sanchez Blanca A
Seller's Agent
Joshua Johnson
Keller Williams Beverly Hills
Buyer's Agent
Durga Campos
List Price
$235,000
Sold Price
$225,500
Premium/Discount to List
-$9,500
-4.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.79%
Original Mortgage
$169,125
Outstanding Balance
$117,813
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$664,187

Purchase Details

Closed on
Apr 14, 2010
Sold by
Pickart Dan
Bought by
Renew Investments Income Fund I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,800
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2010
Sold by
Pickart Stephanie
Bought by
Pickart Dan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,800
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2010
Sold by
Wells Fargo Bank Na
Bought by
Pickart Dan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,800
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 2009
Sold by
Cabrera Maura D
Bought by
Wachovia Mortgage Fsb and World Savings Bank Fsb

Purchase Details

Closed on
Aug 1, 2005
Sold by
Banchon Miriam Rocio
Bought by
Cabrera Maura D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2004
Sold by
Mirrafati David J
Bought by
Alta Mira Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2004
Sold by
Alta Mira Investments Inc
Bought by
Banchon Miriam Rocio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2004
Sold by
Freeman Mirldene Y and Estate Of Essie F Burkley
Bought by
Mirrafati David J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 1997
Sold by
Freeman Mirldene Y and Freeman Mirldene Burkley
Bought by
Burkley Essie Foster

Purchase Details

Closed on
Jan 29, 1997
Sold by
Burkley Essie Foster
Bought by
Burkley Essie

Purchase Details

Closed on
Jan 3, 1997
Sold by
Burkley Mirldene Y
Bought by
Burkley Essie Foster
Source: Public Records

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
Sanchez Jovel O -- None Available
Sanchez Jovel O -- None Available
Sanchez Jovel Oswaldo $225,502 None Available
Renew Investments Income Fund I Llc -- Fidelity National Title Co
Pickart Dan -- Fidelity National Title Co
Pickart Dan $164,000 Fidelity National Title Co
Wachovia Mortgage Fsb $216,677 Accommodation
Cabrera Maura D $485,000 Security Union Title
Alta Mira Investments Inc -- Commonwealth Title
Banchon Miriam Rocio $390,000 Commonwealth Title
Mirrafati David J $243,000 Commonwealth Land Title Co
Burkley Essie Foster -- --
Burkley Essie -- Gateway Title
Burkley Essie Foster -- Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Jovel Oswaldo $169,125
Previous Owner Renew Investments Income Fund I Llc $114,800
Previous Owner Cabrera Maura D $435,000
Previous Owner Cabrera Maura D $388,000
Previous Owner Banchon Miriam Rocio $312,000
Previous Owner Mirrafati David J $194,400
Closed Banchon Miriam Rocio $78,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2012 05/09/12 Sold $225,500 -4.0% $114 / Sq Ft
03/23/2012 03/23/12 Pending -- -- --
01/10/2012 01/10/12 For Sale $235,000 -- $118 / Sq Ft
Source: The MLS

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 $3,681 $283,228 $188,401 $94,827
2024 $3,681 $277,675 $184,707 $92,968
2023 $3,619 $272,232 $181,086 $91,146
2022 $3,463 $266,895 $177,536 $89,359
2021 $3,409 $261,662 $174,055 $87,607
2019 $3,313 $253,903 $168,894 $85,009
2018 $3,217 $248,926 $165,583 $83,343
2016 $3,062 $239,261 $159,154 $80,107
2015 $3,020 $235,668 $156,764 $78,904
2014 $3,044 $231,053 $153,694 $77,359
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Joshua Johnson

    Keller Williams Beverly Hills

    Section Image

  • D

    Buyer's Agent in 2012

    Durga Campos

See All Agents

Map

Source: The MLS

MLS Number: 12-575787

The MLS

APN: 5002-026-027

California Los Angeles County Los Angeles 90037 Vermont Square

1040 W 53rd St, Los Angeles, CA

This home is located at 1040 W 53rd St, Los Angeles, CA 90037 since 10 January 2012 and is currently estimated at $748,437, approximately $377 per square foot. This property was built in 1922. 1040 W 53rd St is a home located in Los Angeles County with nearby schools including Fifty-Second Street Elementary School, John Muir Middle School, and Augustus F. Hawkins High A Critical Design And Gaming.

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