NOT LISTED FOR SALE

1180 E 50th St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $792,000 - $1,057,000

6 Beds
4 Baths
3,160 Sq Ft
$296/Sq Ft Est. Value

Last Sold August 10, 2016

Last sale price $559,000 $177 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $5,573/month

6 Days on Market

About This Home

As of August 2016

Great investment opportunity in Los Angeles, All units are way below market rent. 4 unit Multi-family building with nice parking lot in the back. The plumbing was just replaced with copper for all units. there is additional income of approximately $125.00 per month for the laundry machines. The tenants are all 4 long term tenants with very low rent. Priced to sell fast.

Last Agent to Sell the Property

Jeff Brandolino

Brandolino Group License #01259914 Listed on: 06/14/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,190 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 3,160 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 12405
  • Assessor Parcel Number 5107027014

Community Details

Building Details

  • 4 Leased Units
  • Rent Control
  • Electric Expense $6,888
  • Insurance Expense $1,953
  • New Taxes Expense $4,380
  • Gross Income $3,940
  • Net Operating Income $31,411

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • Property Type: Residential Income
  • Parcel Number: 5107027014
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 176.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5190.00
  • Price Per Lot Square Foot: 107.71

Multi Family

  • Electric Expense: 6888.00
  • Gross Income: 3940.00
  • Gross Scheduled Income: 45810.00
  • Insurance Expense: 1953.00
  • Net Operating Income: 31411.00
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 14429.00
  • Rent Control: Yes
  • Total Actual Rent: 3820.00

Tax Info

  • New Taxes Expense: 4380.00
  • Tax Lot: 12
  • Tax Tract Number: 12405

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2016
Closed on
Jul 15, 2016
Sold by
Park Young H
Bought by
Yoo Seungbin
Seller's Agent
Jeff Brandolino
Brandolino Group
List Price
$559,000
Sold Price
$559,000
Current Estimated Value
$934,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,722
Avg. Annual Appreciation
5.62%
Original Mortgage
$419,250
Outstanding Balance
$333,605
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$601,117

Purchase Details

Listed on
Jun 14, 2016
Closed on
Jun 26, 2016
Sold by
Mendoza Martha T
Bought by
726 Hudson Avenue Llc
Seller's Agent
Jeff Brandolino
Brandolino Group
List Price
$559,000
Sold Price
$559,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,250
Outstanding Balance
$333,605
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$601,117

Purchase Details

Listed on
Jun 14, 2016
Closed on
Jun 22, 2016
Sold by
Scv Property Holdirigs Llc
Bought by
Yoo Seungbin
Seller's Agent
Jeff Brandolino
Brandolino Group
List Price
$559,000
Sold Price
$559,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,250
Outstanding Balance
$333,605
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$601,117

Purchase Details

Closed on
May 29, 2009
Sold by
Tbb Valley Investments Llc
Bought by
Scv Property Holdings Llc

Purchase Details

Closed on
Dec 19, 2008
Sold by
Amber Investment
Bought by
Tbb Valley Investments Llc

Purchase Details

Closed on
Nov 6, 2008
Sold by
Ramos Michael
Bought by
Amber Investment and Tbb Valley Investment Llc

Purchase Details

Closed on
Dec 18, 2006
Sold by
Madrano Maria
Bought by
Ramos Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
7.2%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 22, 2006
Sold by
Reed Martin S
Bought by
Ambatielos Vanessa and Ambatielos Amalia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2006
Sold by
Alberdi Claudia Orts
Bought by
Shannon Judson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2006
Sold by
Ambatielos Vanessa
Bought by
Shannon Judson and Shannon Jesse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2006
Sold by
Kirk Carrie L
Bought by
Telesca Nick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2006
Sold by
Medrano Maria
Bought by
Medrano Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2005
Sold by
Medrano Dennis
Bought by
Medrano Maria and Medrano Dennis

Purchase Details

Closed on
Sep 8, 2004
Sold by
Guzman Luis Enrique
Bought by
Medrano Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 2000
Sold by
Farahmand Farhad
Bought by
Neman Hersel and Neman Robert

Purchase Details

Closed on
Feb 5, 1997
Sold by
Espinoza Lorenzo
Bought by
Guzman Luis Enrique and Vega Maria Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,250
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 10, 1996
Sold by
Espinoza Cynthia
Bought by
Espinoza Lorenzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
8.06%

Purchase Details

Closed on
Sep 26, 1996
Sold by
Home Svgs Of America Fsb
Bought by
Espinoza Lorenzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
8.06%

Purchase Details

Closed on
Apr 4, 1996
Sold by
Montoya Filiberto E
Bought by
Home Svgs Of America Fsb

Purchase Details

Closed on
Jul 21, 1995
Sold by
Hudson Regency
Bought by
Banayan Joseph and Rabbani Housang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.59%

Purchase Details

Closed on
Jul 17, 1995
Sold by
Rabbani Houshang
Bought by
Farahmand Farhad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.59%

Purchase Details

Closed on
Dec 21, 1994
Sold by
Ambatielos Evangelos P
Bought by
Reed Martin S and The Andreas Ambatielos Irrevocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,590
Interest Rate
9.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 27, 1994
Sold by
Ciego Andrew John
Bought by
Ciego Virginia Martha

Purchase Details

Closed on
Dec 3, 1993
Sold by
Mendoza Jose G and Mendoza Martha T
Bought by
Mendoza Jose G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
7.09%

Purchase Details

Closed on
Oct 6, 1993
Sold by
Ambatielos Evangelos P
Bought by
Ambatielos Evangelos P and Ambatielos Vasiliki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
7.09%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Yoo Seungbin -- Orange Coast Title Company
726 Hudson Avenue Llc $1,670,000 Lawyers Title
Yoo Seungbin $559,000 Orange Coast Title Co Socal
Scv Property Holdings Llc -- Accommodation
Tbb Valley Investments Llc -- None Available
Amber Investment $281,670 None Available
Ramos Michael $700,000 Chicago Title Co
Ambatielos Vanessa -- Equity Title
Shannon Judson -- Equity Title
Shannon Judson $930,000 Equity Title
Telesca Nick -- Equity Title
Shannon Jesse -- Equity Title
Levenson Kent -- Equity Title
Medrano Maria -- Accommodation
Medrano Maria -- --
Medrano Dennis $400,000 Chicago Title Co Glendale
Neman Hersel $45,000 --
Guzman Luis Enrique $239,000 Investors Title Company
Espinoza Lorenzo -- Investors Title Company
Espinoza Lorenzo $155,000 Investors Title Company
Home Svgs Of America Fsb $130,500 Fidelity National Title Ins
Banayan Joseph -- Equity Title
Farahmand Farhad $120,000 Equity Title
Reed Martin S $30,000 --
Ciego Virginia Martha -- --
Mendoza Jose G -- Pacific Title Guaranty Compa
Ambatielos Evangelos P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yoo Seungbin $419,250
Open 726 Hudson Avenue Llc $1,700,000
Previous Owner Ramos Michael $630,000
Previous Owner Shannon Jesse $696,000
Previous Owner Medrano Dennis $320,000
Previous Owner Guzman Luis Enrique $230,250
Previous Owner Espinoza Lorenzo $139,500
Previous Owner Farahmand Farhad $96,000
Previous Owner Reed Martin S $29,590
Previous Owner Mendoza Jose G $161,000
Closed Medrano Dennis $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2016 08/10/16 Sold $559,000 0.0% $177 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
06/14/2016 06/14/16 For Sale $559,000 -- $177 / 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 $8,111 $648,761 $416,647 $232,114
2024 $8,111 $636,041 $408,478 $227,563
2023 $7,960 $623,570 $400,469 $223,101
2022 $7,598 $611,344 $392,617 $218,727
2021 $7,493 $599,358 $384,919 $214,439
2020 $7,563 $593,214 $380,973 $212,241
2019 $7,274 $581,583 $373,503 $208,080
2018 $7,196 $570,180 $366,180 $204,000
2017 $0 $559,000 $359,000 $200,000
2016 $4,422 $343,746 $103,123 $240,623
2015 $4,361 $338,583 $101,574 $237,009
2014 $4,400 $331,952 $99,585 $232,367
Source: Public Records

Agents Affiliated with this Home

  • Jeff Brandolino

    Seller's Agent in 2016

    Jeff Brandolino

    Brandolino Group

    (661) 510-9770

    190 Total Sales

    Jeff Brandolino
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16128145

California Regional Multiple Listing Service (CRMLS)

APN: 5107-027-014

California Los Angeles County Los Angeles 90011 Central Alameda

1180 E 50th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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