NOT LISTED FOR SALE

1050 S Burlington Ave Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $879,718 - $1,309,000

6 Beds
4 Baths
2,700 Sq Ft
$384/Sq Ft Est. Value

Last Sold May 06, 2015

Last sale price $497,500 $184 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $6,386/month

29 Days on Market

About This Home

As of May 2015

Fixer located in the heart of Los Angeles. This duplex can be a flip or rental-income investment. With proximity to Downtown Los Angeles, USC, Staples Center, 110 Freeway, 10 Freeway and much more. Must See

Last Agent to Sell the Property

Timothy Pai

No Firm Affiliation License #01786441 Listed on: 03/02/2015

Last Buyer's Agent

Gitta Van Bennekom

Equity Union License #00960886

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,986

Year Built

  • Built in 1900

Lot Details

  • 5,341 Sq Ft Lot
  • 1 Common Wall

Parking

  • 9 Car Garage

Home Design

  • 2,700 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 2095
  • Assessor Parcel Number 5137018010

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,700
  • Net Operating Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,986

Year Built

Built in 1900

Lot Details

0

Parking

9

Listing Details

  • Assessments: Yes
  • Other Phone Description: Cellphone
  • Other Phone Number: 714-724-3841
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Zoning: LACR
  • Property Type: Residential Income
  • Parcel Number: 5137018010
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 184.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Available

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Size Sq Ft: 5341.00
  • Lot Size Acres: 0.1230

Multi Family

  • Gross Income: 3700.00
  • Gross Scheduled Income: 44400.00
  • Lot Size Area: 5341.0000 Square Feet
  • Net Operating Income: 31200.00
  • 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: 13200.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 10
  • Tax Tract Number: 2095
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2015
Closed on
Mar 27, 2015
Sold by
Strategic Acquisitions Inc
Bought by
Vahali Dilveer
Seller's Agent
Timothy Pai
No Firm Affiliation
Buyer's Agent
Gitta Van Bennekom
Equity Union
List Price
$529,000
Sold Price
$497,500
Premium/Discount to List
-$31,500
-5.95%
Current Estimated Value
$1,036,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$538,930
Avg. Annual Appreciation
7.20%

Purchase Details

Closed on
Aug 26, 2013
Sold by
Yang Moon Suk
Bought by
Strategic Acquisitions Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
4.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 23, 2003
Sold by
Han In Sook
Bought by
Yang Moon Suk

Purchase Details

Closed on
Mar 5, 2001
Sold by
Yang Moon Suk
Bought by
Han In Sook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 1997
Sold by
Park Young W
Bought by
Yang Moon Suk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7.92%
Mortgage Type
Purchase Money Mortgage
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
Vahali Dilveer $479,500 Fidelity National Title Co
Strategic Acquisitions Inc -- Fidelity Van Nuys
Yang Moon Suk -- --
Han In Sook $250,000 Chicago Title
Yang Moon Suk $110,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vahali Dilveer $1,168,750
Previous Owner Strategic Acquisitions Inc $200,000
Previous Owner Strategic Acquisitions Inc $192,000
Previous Owner Yang Moon Suk $155,000
Previous Owner Yang Moon Suk $546,000
Previous Owner Yang Moon Suk $327,200
Previous Owner Han In Sook $70,000
Previous Owner Han In Sook $200,000
Previous Owner Yang Moon Suk $25,000
Previous Owner Yang Moon Suk $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2015 05/06/15 Sold $497,500 -6.0% $184 / Sq Ft
03/31/2015 03/31/15 Pending -- -- --
03/02/2015 03/02/15 For Sale $529,000 -- $196 / 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 $8,986 $722,799 $456,097 $266,702
2024 $8,986 $708,627 $447,154 $261,473
2023 $8,820 $694,734 $438,387 $256,347
2022 $8,424 $681,113 $429,792 $251,321
2021 $8,311 $667,759 $421,365 $246,394
2019 $6,704 $516,606 $408,868 $107,738
2018 $6,296 $506,477 $400,851 $105,626
2016 $6,012 $486,812 $385,287 $101,525
2015 $3,128 $244,795 $195,836 $48,959
2014 -- $240,000 $192,000 $48,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Timothy Pai

    No Firm Affiliation

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15043260

California Regional Multiple Listing Service (CRMLS)

APN: 5137-018-010

California Los Angeles County Los Angeles 90006 Pico-Union

1050 S Burlington Ave, Los Angeles, CA

This home is located at 1050 S Burlington Ave, Los Angeles, CA 90006 since 02 March 2015 and is currently estimated at $1,036,430, approximately $383 per square foot. This property was built in 1900. 1050 S Burlington Ave is a home located in Los Angeles County with nearby schools including Tenth Street Elementary School, John H. Liechty Middle School, and Academic Leadership Community Miguel Contreras Learning Complex.

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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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