NOT LISTED FOR SALE

11514 S Budlong Ave Los Angeles, CA 90044

Athens Neighborhood

Estimated Value: $691,000 - $947,000

1 Bed
1 Bath
2,304 Sq Ft
$375/Sq Ft Est. Value

Last Sold May 04, 2017

Last sale price $533,000 $231 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,643/month

8 Days on Market

Highlights

  • No Units Above
  • Lawn
  • Vinyl Flooring
  • Corner Lot
  • No HOA
  • Wall Furnace

About This Home

As of May 2017

GREAT INVESTMENT OPPORTUNITY TO PURCHASE A FOURPLEX WITH 1 BEDROOM UNITS AND MORE THAN 2,304 SQUARE FEET IN CONSTRUCTION, AMPLE PARKING AND WELL MAINTAINED FRONT YARD – 6875 SQUARE FEET LOT. LONG TERM TENANTS AND UNIQUELY SITUATED IN A NON-RENT CONTROL AREA OF (UN-INCORPORATED) CITY OF LOS ANGELES. CLOSE TO THE 105 AND 110 FREEWAYS FOR EASY ACCESS TO LAX, DOWNTOWN LOS ANGELES AND MANY MORE STRATEGIC DESTINATIONS, I.E., THE NEW RAMS/CHARGERS FOOTBALL STADIUM FOR MAJOR JOB GROWTH AND LOW VACANCY RATE. ARE YOU A FIRST-TIME HOME BUYER OR A SAVVY REAL ESTATE INVESTOR LOOKING TO CAPITALIZE ON THE ANTICIPATED 10 MILLION POPULATION GROWTH EXPECTED BY 2040, THEN OWNING REAL ESTATE NOW HAS NEVER BEEN BETTER. ACT NOW, BECAUSE TIME WAITS FOR NO ONE.

Last Agent to Sell the Property

Tony Lopez

Berkshire Hathaway HomeService License #01752038 Listed on: 02/27/2017

Berkshire Hathaway HomeService

Last Buyer's Agent

Maria Moore

Company California License #01445744

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,323

Year Built

  • Built in 1956

Lot Details

  • 6,875 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Corner Lot
  • Lawn
  • Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 2,304 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 6
  • Assessor Parcel Number 6079019074

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $75
  • Insurance Expense $900
  • Water Sewer Expense $1,620
  • New Taxes Expense $6,875
  • Operating Expense $10,295
  • Gross Income $43,200
  • Net Operating Income $32,905

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,323

Year Built

Built in 1956

Lot Details

0

Listing Details

  • CapRate: 6.00
  • Price Per Unit: 137500
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Water Sewer Expenses: 1620.00
  • Zoning: LCR320U*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 75.00
  • Parcel Number: 6079019074
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Laminate, Vinyl
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 231.34

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard, Lawn
  • Lot Size Sq Ft: 6875.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average Studio Area: 576 Square Feet
  • Gross Income: 43200.00
  • Gross Operating Income: 43200.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 900.00
  • Net Operating Income: 32905.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 10295.00
  • Rent Control: No
  • Total Expenses: 10295.00

Tax Info

  • New Taxes Expense: 6875.00
  • Tax Census Tract: 6028.01
  • Tax Lot: 6
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2021
Sold by
Morrow Mary E
Bought by
Morrow Mary E
Current Estimated Value
$864,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Outstanding Balance
$249,284
Interest Rate
2.2%
Mortgage Type
New Conventional
Estimated Equity
$599,242

Purchase Details

Listed on
Feb 27, 2017
Closed on
Mar 20, 2017
Sold by
Waters Shirley
Bought by
Morrow Mary E
Seller's Agent
Tony Lopez
Berkshire Hathaway HomeService
Buyer's Agent
Maria Moore
Company California
List Price
$550,000
Sold Price
$533,000
Premium/Discount to List
-$17,000
-3.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$399,750
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2007
Sold by
Waters Shirley
Bought by
Waters Ernest and Waters Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,000
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2004
Sold by
Waters Ernest
Bought by
Waters Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,500
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2000
Sold by
Salazar William
Bought by
Salazar Adelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.71%

Purchase Details

Closed on
Oct 31, 2000
Sold by
Salazar Adelina
Bought by
Waters Ernest and Waters Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.71%

Purchase Details

Closed on
Jul 21, 1999
Sold by
Sermeno Gustavo E
Bought by
Salazar Adelina

Purchase Details

Closed on
Oct 31, 1997
Sold by
Corona Corona Miguel V Miguel V and Corona Valencia Miguel
Bought by
Pantoja Francisco and Pantoja Matilde

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,487
Interest Rate
7.36%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 26, 1997
Sold by
Pantoja Francisco and Pantoja Matilde
Bought by
Sermento Gustavo E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,487
Interest Rate
7.36%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 25, 1995
Sold by
Emc Mtg Corp
Bought by
Valencia Miguel Corona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,950
Interest Rate
7.92%
Mortgage Type
FHA

Purchase Details

Closed on
May 24, 1994
Sold by
Professional Foreclosure Corp
Bought by
Emc Mtg Corp
Source: Public Records

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
Morrow Mary E -- North American Title Company
Morrow Mary E -- North American Title Company
Morrow Mary E -- North American Title Company
Morrow Mary E $533,000 Orange Coast Title Company
Waters Ernest -- First American Title Co
Waters Shirley -- --
Salazar Adelina -- Fidelity Title
Waters Ernest $170,000 Fidelity National Title Ins
Salazar Adelina -- --
Pantoja Francisco -- --
Sermento Gustavo E $135,000 Fidelity National Title Ins
Valencia Miguel Corona $100,000 Fidelity National Title Ins
Emc Mtg Corp $101,250 First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morrow Mary E $335,000
Closed Morrow Mary E $399,750
Previous Owner Waters Ernest $381,951
Previous Owner Waters Ernest $406,000
Previous Owner Waters Shirley $248,500
Previous Owner Waters Ernest $136,000
Previous Owner Sermeno Gustavo E $132,822
Previous Owner Sermento Gustavo E $133,487
Previous Owner Valencia Miguel Corona $105,950
Closed Waters Ernest $17,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2017 05/04/17 Sold $533,000 -3.1% $231 / Sq Ft
03/07/2017 03/07/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $550,000 -- $239 / 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 $11,323 $618,588 $290,145 $328,443
2024 $11,323 $764,069 $551,828 $212,241
2023 $10,804 $749,088 $541,008 $208,080
2022 $8,593 $582,911 $273,411 $309,500
2021 $8,516 $571,482 $268,050 $303,432
2020 $8,574 $565,623 $265,302 $300,321
2019 $8,280 $554,533 $260,100 $294,433
2018 $8,102 $543,660 $255,000 $288,660
2016 $4,166 $216,379 $55,365 $161,014
2015 $4,112 $213,130 $54,534 $158,596
2014 $4,128 $208,956 $53,466 $155,490
Source: Public Records

Agents Affiliated with this Home

  • Tony Lopez

    Seller's Agent in 2017

    Tony Lopez

    Berkshire Hathaway HomeService

    (562) 762-7403

    85 Total Sales

    Tony Lopez
    Section Image

  • M

    Buyer's Agent in 2017

    Maria Moore

    Company California

    2 Total Sales

    Maria Moore
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17039478

California Regional Multiple Listing Service (CRMLS)

APN: 6079-019-074

California Los Angeles County Los Angeles 90044 Athens

11514 S Budlong Ave, Los Angeles, CA

This home is located at 11514 S Budlong Ave, Los Angeles, CA 90044 since 27 February 2017 and is currently estimated at $864,246, approximately $375 per square foot. This property was built in 1956. 11514 S Budlong Ave is a home located in Los Angeles County with nearby schools including West Athens Elementary School, George Washington Preparatory High School, and St. Frances X. Cabrini.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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