Seller's Agent in 2021
Mark Velasco
West Shores Realty, Inc.
(626) 392-9499
4 in this area
38 Total Sales
1054 W 45th St Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated Value: $1,306,000 - $1,501,000
10
Beds
5
Baths
3,617
Sq Ft
$384/Sq Ft
Est. Value
Highlights
- 3 Car Garage
- City Lights View
- Midcentury Modern Architecture
- Two Primary Bedrooms
- Open Floorplan
- Property is near public transit
About This Home
As of February 2021CASH COW PROPERTY!!! $117,300 Gross Income. CAP Rate is 7.48!! This FULLY REMODELED property is located close to USC. Property contains 2,081 sqft 2-story home (6 beds + 3 baths) & a 1,536 sqft 2-story Duplex (2 beds + 1 bath for each unit). All upgrades throughout the property have been done with permits & approved by Building & Safety Dept. The following have been done recently: interior framing, copper plumbing, abs lines, gas lines, insulation, dual-paned windows, drywall, recessed lighting, high-grade wax-coating, laminate & tile flooring, paint, cabinets & counters, sinks, faucets, tankless water heaters, laundry washer/dryer hookups, 3-car Mesa garage doors, new electrical panels for house & garage. Note, plumbing on each unit have separate copper lines (making it very easy to put separate meters on each unit). Private parking for 12 cars (3 garage, 8 in driveway, 1 carport). TV & 16 camera security system wiring throughout. LOCATION is near USC, the Coliseum, Expo Park, Science Center, Natural History Museum, the Banc of Ca Stadium (home to the LAFC) as well as the $1 Billion George Lucas Museum of Narrative Art and much more. Previously rented to students at $1,000 per room. Front house is owner occupied and rear units have tenants (month-to-month contracts). Front house (6 beds, 3 baths) to be delivered vacant. Duplex (2 beds, 1 bath each) will be delivered occupied. Please do not Disturb the tenants & do not walk the property.
Last Agent to Sell the Property
West Shores Realty, Inc. License #01789768 Listed on: 08/21/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,132
Year Built
- Built in 1925 | Remodeled
Lot Details
- 7,387 Sq Ft Lot
- No Common Walls
- Wrought Iron Fence
- Corner Lot
- Rectangular Lot
- Paved or Partially Paved Lot
- Back and Front Yard
Parking
- 8 Open Parking Spaces
- 3 Car Garage
- 1 Carport Space
- Tandem Parking
- Automatic Gate
Property Views
- City Lights
- Neighborhood
Home Design
- Midcentury Modern Architecture
- Craftsman Architecture
- Contemporary Architecture
- Spanish Architecture
- Patio Home
- Turnkey
- Raised Foundation
- Fire Rated Drywall
- Shingle Roof
- Clay Roof
Interior Spaces
- 3,617 Sq Ft Home
- Open Floorplan
- Partially Furnished
- Wired For Sound
- Wired For Data
- Ceiling Fan
- Recessed Lighting
- Living Room
- Laundry Room
- Attic
Kitchen
- Microwave
- Ice Maker
- Granite Countertops
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 10 Bedrooms
- Main Floor Bedroom
- Double Master Bedroom
- 5 Bathrooms
Home Security
- Alarm System
- Fire and Smoke Detector
Outdoor Features
- Outdoor Storage
- Rain Gutters
Location
- Property is near public transit
- Urban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating
- Wall Furnace
- Natural Gas Connected
- ENERGY STAR Qualified Water Heater
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, water
- Legal Lot and Block 16 / 8
- Tax Tract Number 2322
- Assessor Parcel Number 5017031016
Community Details
Overview
- 3 Buildings
- 3 Units
Recreation
- Bike Trail
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,200
- Gardener Expense $600
- Insurance Expense $420
- Trash Expense $1,125
- Water Sewer Expense $1,125
- New Taxes Expense $12,120
- Operating Expense $16,590
- Gross Income $117,300
- Net Operating Income $95,805
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 21, 2020
Closed on
Feb 22, 2021
Sold by
Seino Eiko
Bought by
Parish Alex
Seller's Agent
Mark Velasco
West Shores Realty, Inc.
Buyer's Agent
Giovanni Gallardi
Cal American Homes
List Price
$1,235,000
Sold Price
$1,150,000
Premium/Discount to List
-$85,000
-6.88%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,588
Avg. Annual Appreciation
4.33%
Original Mortgage
$920,000
Outstanding Balance
$826,586
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$563,867
Purchase Details
Listed on
Aug 21, 2020
Closed on
Feb 19, 2021
Sold by
Flores Alejandro
Bought by
Parish Alex
Seller's Agent
Mark Velasco
West Shores Realty, Inc.
Buyer's Agent
Giovanni Gallardi
Cal American Homes
List Price
$1,235,000
Sold Price
$1,150,000
Premium/Discount to List
-$85,000
-6.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Outstanding Balance
$826,586
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$563,867
Purchase Details
Listed on
Jan 10, 2018
Closed on
Feb 8, 2018
Sold by
Soofer Alexander and Aframian Ashley
Bought by
Flores Alejandro
Seller's Agent
Alex Soofer
Real Estate eBroker Inc.
Buyer's Agent
Eric Delgado
List Price
$915,000
Sold Price
$1,010,000
Premium/Discount to List
$95,000
10.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.38%
Original Mortgage
$380,000
Interest Rate
3.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 23, 2017
Sold by
Fann
Bought by
Soofe
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.16%
Purchase Details
Closed on
Dec 16, 2016
Sold by
Fannie Mae
Bought by
Soofer Alexander and The Alexander Soofer & Ashley
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.57%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 11, 2013
Sold by
Mendoza Delmy M
Bought by
Federal National Mortgage Association and Fannie Mae
Purchase Details
Closed on
Oct 16, 2006
Sold by
Ulloa Lopez Ramon and Ulloa Lopez Ramon
Bought by
Mendoza Delmy M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 10, 2004
Sold by
Ulloa Guevara Juan G and Ulloa Lopez Ramon
Bought by
Lopez Ramon Ulloa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 9, 2002
Sold by
Flores Raymundo and Flores Bertha
Bought by
Guevara Juan G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,365
Interest Rate
5.88%
Mortgage Type
FHA
Purchase Details
Closed on
May 7, 2002
Sold by
Chase Manhattan Bank
Bought by
Flores Raymundo and Flores Bertha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.25%
Purchase Details
Closed on
Feb 28, 2002
Sold by
Simon Ina
Bought by
Chase Manhattan Bank
Purchase Details
Closed on
Oct 15, 1999
Sold by
Simon Ina
Bought by
Odom Colleen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
8.99%
Purchase Details
Closed on
Sep 3, 1999
Sold by
Dyer John C and Dyer Hattie M
Bought by
Simone Ina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
8.99%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Parish Alex | -- | First American Title Company | |
| Parish Alex | $1,150,000 | First American Title Company | |
| Flores Alejandro | $1,010,000 | None Available | |
| Soofe | -- | -- | |
| Soofer Alexander | $579,000 | Servicelink Title Company | |
| Federal National Mortgage Association | $635,129 | First American Title Company | |
| Mendoza Delmy M | $720,000 | Investors Title Company | |
| Lopez Ramon Ulloa | -- | Security Union Title Insuran | |
| Guevara Juan G | $300,000 | American Title | |
| Flores Raymundo | $220,000 | Fidelity National Title | |
| Chase Manhattan Bank | $221,866 | Fidelity National Title | |
| Odom Colleen | -- | Investors Title Company | |
| Simone Ina | $250,000 | Investors Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Parish Alex | $920,000 | |
| Previous Owner | Flores Alejandro | $348,000 | |
| Previous Owner | Flores Alejandro | $380,000 | |
| Previous Owner | Soofer Alex | $250,000 | |
| Previous Owner | Soofer Alex | $100,000 | |
| Previous Owner | Soofe | -- | |
| Previous Owner | Soofer Alexander | $400,000 | |
| Previous Owner | Mendoza Delmy M | $72,000 | |
| Previous Owner | Mendoza Delmy M | $576,000 | |
| Previous Owner | Lopez Ramon Ulloa | $460,000 | |
| Previous Owner | Lopez Ramon Ulloa | $350,000 | |
| Previous Owner | Guevara Juan G | $295,365 | |
| Previous Owner | Flores Raymundo | $165,000 | |
| Previous Owner | Simone Ina | $187,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/24/2021 02/24/21 | Sold | $1,150,000 | -6.9% | $318 / Sq Ft |
| 11/30/2020 11/30/20 | Pending | -- | -- | -- |
| 11/05/2020 11/05/20 | For Sale | $1,235,000 | 0.0% | $341 / Sq Ft |
| 10/16/2020 10/16/20 | Pending | -- | -- | -- |
| 09/13/2020 09/13/20 | Price Changed | $1,235,000 | -3.5% | $341 / Sq Ft |
| 08/21/2020 08/21/20 | For Sale | $1,280,000 | +26.7% | $354 / Sq Ft |
| 02/15/2018 02/15/18 | Sold | $1,010,000 | 0.0% | $279 / Sq Ft |
| 02/05/2018 02/05/18 | Off Market | $1,010,000 | -- | -- |
| 02/01/2018 02/01/18 | Price Changed | $925,000 | +1.1% | $256 / Sq Ft |
| 01/10/2018 01/10/18 | For Sale | $915,000 | -- | $253 / 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 | $15,132 | $1,244,795 | $920,066 | $324,729 |
| 2024 | $15,132 | $1,220,388 | $902,026 | $318,362 |
| 2023 | $14,845 | $1,196,460 | $884,340 | $312,120 |
| 2022 | $14,165 | $1,173,000 | $867,000 | $306,000 |
| 2021 | $13,022 | $1,061,689 | $588,659 | $473,030 |
| 2020 | $13,152 | $1,050,804 | $582,624 | $468,180 |
| 2019 | $12,638 | $1,030,200 | $571,200 | $459,000 |
| 2018 | $7,806 | $616,730 | $469,200 | $147,530 |
| 2016 | $3,706 | $280,861 | $168,517 | $112,344 |
| 2015 | $3,656 | $276,643 | $165,986 | $110,657 |
| 2014 | $3,689 | $271,225 | $162,735 | $108,490 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2021
Giovanni Gallardi
Cal American Homes
(909) 839-0400
1 in this area
46 Total Sales
-
A
Seller's Agent in 2018
Alex Soofer
Real Estate eBroker Inc.
(310) 704-0910
2 Total Sales
-
E
Buyer's Agent in 2018
Eric Delgado
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW20171388
APN: 5017-031-016
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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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