NOT LISTED FOR SALE

1174 E 53rd St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $815,804 - $947,000

7 Beds
4 Baths
2,262 Sq Ft
$384/Sq Ft Est. Value

Last Sold October 29, 2020

Last sale price $660,000 $292 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $5,278/month

48 Days on Market

Highlights

  • Craftsman Architecture
  • Bathtub with Shower
  • Tile Flooring
  • Balcony
  • Views
  • Ceiling Fan

About This Home

As of October 2020

Excellent investment opportunity in most desires rental area! Very Good CASH FLOW! All units will remain tenant occupied at close of escrow. Tenants have been paid on time in COVID 19. All utilities are paid by tenants except water bills. Housing Inspection(SCEP) passed May 2019. CAP 5.21% GRM 13.

Last Agent to Sell the Property

EUI Chang

The H Realty License #01722361 Listed on: 07/30/2020

Last Buyer's Agent

Malcolm Zeger

Buckingham Investments, Inc License #02013882

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,121 Sq Ft Lot
  • Gated Home

Home Design

  • Triplex
  • Craftsman Architecture
  • Flat Roof Shape

Interior Spaces

  • 2,262 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Screens
  • Oven
  • Property Views

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms
  • Bathtub with Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Balcony

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 3 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5104-014-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Street Number Display: Yes
  • Building Permit: Yes
  • Entry Location: Other
  • Living Area: 2262
  • Lot Acreage: 0.1176
  • Probate: No
  • Stories: 2
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile
  • Appliances: Gas, Oven
  • Bedrooms: 7
  • Bathroom Features: Shower and Tub
  • Total Bathrooms: 4.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 290.89
  • Windows: Screens

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: Any
  • View: Yes

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Security: Carbon Monoxide Detector(s), Gated, Smoke Detector
  • Sewer: In Street
  • Water: Meter on Property
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 59.47
  • Assessed Improvement Value: 124738
  • Assessed Land Percent: 40.53
  • Assessed Land Value: 84997
  • Total Assessed Value: 209735
  • Assessor Parcel Number: 5104-014-003
  • Lot Size Area: 5121

Rental Info

  • Total Actual Rent: 3981.00
  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.00
  • Number Of Units: 3
  • Type Of Units: Triplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2017
Sold by
Park Yoong and Park Jane
Bought by
Chon Cindy
Current Estimated Value
$868,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Outstanding Balance
$343,282
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$525,419

Purchase Details

Closed on
Oct 7, 2014
Sold by
Park Yoong and Park Jane
Bought by
Yoong & Jane Park Revocable Living Trust

Purchase Details

Closed on
Feb 1, 2011
Sold by
Ramirez Bertha
Bought by
Park Yoong and Park Jane Lee

Purchase Details

Closed on
Nov 7, 2005
Sold by
Lowe Vincent
Bought by
Ramirez Bertha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 2000
Sold by
Riggins Hellum Alicia Marie
Bought by
Lowe Vincent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,313
Interest Rate
8.24%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 5, 1999
Sold by
Hellum Earl
Bought by
Riggins Hellum Alicia Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
7.77%

Purchase Details

Closed on
Sep 23, 1999
Sold by
Evains Garrick R
Bought by
Riggins Hellum Alicia Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
7.77%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chon Cindy $550,000 Wfg National Title Co For Ca
Yoong & Jane Park Revocable Living Trust -- Lawyers Title
Park Yoong $190,000 Lawyers Title
Ramirez Bertha $525,000 Ort
Lowe Vincent $267,500 First American
Riggins Hellum Alicia Marie -- First American Title Co
Riggins Hellum Alicia Marie $105,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chon Cindy $412,500
Previous Owner Ramirez Bertha $420,000
Previous Owner Lowe Vincent $265,313
Previous Owner Riggins Hellum Alicia Marie $129,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2020 10/29/20 Sold $660,000 +0.3% $292 / Sq Ft
09/16/2020 09/16/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $658,000 -- $291 / 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 $8,832 $714,403 $395,086 $319,317
2024 $8,832 $700,396 $387,340 $313,056
2023 $8,665 $686,664 $379,746 $306,918
2022 $8,269 $673,200 $372,300 $300,900
2021 $8,162 $660,000 $365,000 $295,000
2020 $7,269 $572,220 $364,140 $208,080
2019 $6,989 $561,000 $357,000 $204,000
2018 $6,875 $550,000 $350,000 $200,000
2016 $2,710 $205,624 $83,331 $122,293
2015 $2,674 $202,537 $82,080 $120,457
2014 $2,702 $198,571 $80,473 $118,098
Source: Public Records

Agents Affiliated with this Home

  • EUI Chang

    Seller's Agent in 2020

    EUI Chang

    The H Realty

    (213) 800-2760

    22 Total Sales

    EUI Chang
    Section Image

  • M

    Buyer's Agent in 2020

    Malcolm Zeger

    Buckingham Investments, Inc

    Section Image
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Map

Source: The MLS

MLS Number: 20-601628

The MLS

APN: 5104-014-003

California Los Angeles County Los Angeles 90011 Central Alameda

1174 E 53rd St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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