1180 E 50th St Los Angeles, CA 90011
Central Alameda NeighborhoodEstimated Value: $788,000 - $1,038,000
6
Beds
4
Baths
3,160
Sq Ft
$292/Sq Ft
Est. Value
About This Home
As of August 2016Great 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,111
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
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
Total Days on Market
6
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
$364,473
Avg. Annual Appreciation
5.84%
Original Mortgage
$419,250
Outstanding Balance
$338,118
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$585,355
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
$338,118
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$585,355
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
$338,118
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$585,355
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,250
Interest Rate
5.04%
Mortgage Type
Unknown
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%
Similar Homes in Los Angeles, CA
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Home Values in the Area
Average Home Value in this Area
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 | Scv Property Holdings Llc | $225,000 | |
| Previous Owner | Tbb Valley Investments Llc | $276,250 | |
| Previous Owner | Ramos Michael R | $70,000 | |
| Previous Owner | Ramos Michael | $630,000 | |
| Previous Owner | Medrano Maria | $15,000 | |
| Previous Owner | Shannon Jesse | $696,000 | |
| Previous Owner | Medrano Dennis | $320,000 | |
| Previous Owner | Mendoza Jose G | $147,000 | |
| 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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 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
212 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR16128145
APN: 5107-027-014
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