NOT LISTED FOR SALE

1187 E 51st St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $643,000 - $878,000

5 Beds
2 Baths
1,656 Sq Ft
$442/Sq Ft Est. Value

Sale Details

Date Sold: February 28, 2014

Last sale price $320,000 $193 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $4,301 / mo

9 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of February 2014

Duplex with 2 buildings on one lot. Both units are move in ready. Well done rehab, FRONT Unit: 2 bed and 1 bath, welcoming porch, fresh paint with tasteful color, New roof, wood laminate entry living room, NEW central heating system, granite kitchen counter top, and walk in laundry room. BACK Unit: 3 bed and 1 bath, tile throughout, with recessed lighting, and comes complete with a New central heating AND A/C unit, and its own laundry hookups in the kitchen. Plenty of parking for both units and additional storage which can add rent value. Great opportunity to live in one and rent the other.

Last Agent to Sell the Property

Chadwick Corcoran

No Firm Affiliation License #01875788 Listed on: 01/14/2014

Co-Listed By

Garrett Dylan

David Spiegel & Assoc. License #01821629

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 4,799 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Parking Spaces

Home Design

  • 1,656 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 51
  • Assessor Parcel Number 5107027024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $900
  • Maintenance Expense $260
  • Trash Expense $200
  • Water Sewer Expense $200
  • New Taxes Expense $3,000
  • Gross Income $2,900
  • Net Operating Income $28,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

4,799 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 9.50
  • Property Attached: No
  • Road Surface Type: Paved
  • Water Sewer Expenses: 200.00
  • Property Type: Residential Income
  • Parcel Number: 5107027024
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 193.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Washer Hookup
  • Trash Expense: 200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 4799.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Gross Income: 2900.00
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 900.00
  • Lot Size Area: 4799.0000 Square Feet
  • Maintenance Expense: 260.00
  • Net Operating Income: 28500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Operating Expense: 4560.00
  • Rent Control: Yes
  • Total Actual Rent: 2900.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Lot: 51
  • Tax Tract Number: MB2
  • Tax Year: 2012

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2024
Sold by
Bought by
Current Estimated Value
$731,759

Purchase Details

Closed on
Sep 30, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 14, 2014
Closed on
Jan 24, 2014
Sold by
Bought by
Seller's Agent
Chadwick Corcoran
No Firm Affiliation
List Price
$299,950
Sold Price
$320,000
Premium/Discount to List
$20,050
6.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$256,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2013
Sold by
Bought by

Purchase Details

Closed on
Apr 5, 2013
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2000
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
-- Lawyers Title Company
$320,000 Wfg Title Company Of Ca
$185,000 Wfg Title Company Of Ca
-- None Available
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $228,000
Previous Owner $256,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/28/2014 02/28/14 Sold $320,000 +6.7% $193 / Sq Ft
01/23/2014 01/23/14 Pending -- -- --
01/14/2014 01/14/14 For Sale $299,950 -- $181 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,012 $392,264 $220,649 $171,615
2024 $4,943 $384,573 $216,323 $168,250
2023 $4,851 $377,033 $212,082 $164,951
2022 $4,631 $369,641 $207,924 $161,717
2021 $4,570 $362,395 $203,848 $158,547
2020 $4,612 $358,680 $201,758 $156,922
2019 $4,437 $351,648 $197,802 $153,846
2018 $4,343 $344,754 $193,924 $150,830
2016 $4,141 $331,369 $186,395 $144,974
2015 $4,082 $326,393 $183,596 $142,797
2014 -- $245,000 $160,000 $85,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Chadwick Corcoran

    No Firm Affiliation

    Section Image

  • G

    Seller Co-Listing Agent in 2014

    Garrett Dylan

    David Spiegel & Assoc.

    (818) 995-3700

    2 Total Sales

    Garrett Dylan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14009444

California Regional Multiple Listing Service (CRMLS)

APN: 5107-027-024

California Los Angeles County Los Angeles 90011 Central Alameda

1187 E 51st St, Los Angeles, CA

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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