NOT LISTED FOR SALE

1219 E 57th St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $837,022 - $1,032,000

8 Beds
4 Baths
2,734 Sq Ft
$334/Sq Ft Est. Value

Last Sold November 12, 2015

Last sale price $515,000 $188 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $5,418/month

25 Days on Market

Highlights

  • Central Heating
  • Ceiling Fan
  • 1-Story Property

About This Home

As of November 2015

2009 Construction non-rent controlled duplex. These properties historically run at 100% occupancy to section 8 tenants. The properties can be managed by the original developer for $125 per unit per month. Please ask for details. The property was built with durable interior and exterior finishes while using all of the same inventory of parts for streamlined cost effective maintenance and repairs. This property can be sold individually or part of a portfolio for a discount of $10,000 per building. Also available and on the MLS are: 1334-36 E. 43rd St. LA, CA 90011, 411-13 E. 61st St LA, CA 90003 , 846-48 E. 76th Pl. LA, CA 90001 and 627-29 E. 87th Pl LA, CA 90002. This is an opportunity for a great cash flow building with hands-off mgmt.

Last Agent to Sell the Property

Ryan Cinelli

BRC Advisors License #01340935 Listed on: 09/14/2015

BRC Advisors

Last Buyer's Agent

Anh Tran

Keller Williams Larchmont License #01465571

Keller Williams Larchmont

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2009

Lot Details

  • 5,393

Parking

  • 4 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 2,734 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 5,393 Sq Ft Lot
  • Central Heating

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5104-023-027

Property Details

Home Type

Multi-Family

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2734
  • Stories: 1
  • Year Built: 2009
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 188.37

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Total Parking: 4

Utilities

  • Heating: Central

Lot Info

  • Assessed Improvement Value: 285736
  • Assessed Land Value: 116635
  • Assessor Parcel Number: 5104-023-027
  • Geocode Override: No
  • Lot Size Area: 5393

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.67
  • Number Of Units: 2
  • Rent Control: 0
  • Type Of Units: Duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2015
Closed on
Oct 6, 2015
Sold by
Globe Properties Llc
Bought by
Schowengerdt Family Trust
Seller's Agent
Ryan Cinelli
BRC Advisors
Buyer's Agent
Anh Tran
Keller Williams Larchmont
List Price
$515,000
Sold Price
$515,000
Current Estimated Value
$913,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,506
Avg. Annual Appreciation
5.82%
Original Mortgage
$386,250
Outstanding Balance
$303,588
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$609,918

Purchase Details

Closed on
Sep 23, 2010
Sold by
Seacliff Properties Inc
Bought by
Globe Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Seacliff Properties Inc

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
4.8%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 30, 2008
Sold by
Padilla Jorge Alejandro
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Mar 16, 2006
Sold by
Padilla Jorge Alejandro
Bought by
Padilla Jorge Alejandro and Arias Jose

Purchase Details

Closed on
Dec 2, 2005
Sold by
Arias Jose
Bought by
Padilla Jorge Alejandro

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
7.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2004
Sold by
Avalos Jesus
Bought by
Arias Jose and Avalos Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 26, 2001
Sold by
Hernandez Miguel Rangel
Bought by
Avalos Jesus and Avalos Alma D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,759
Interest Rate
6.84%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 22, 1999
Sold by
Hernandez Miguel R
Bought by
Hernandez Miguel Rangel and Plascencia Maria D
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
Schowengerdt Family Trust $515,000 Lawyers Title
Globe Properties Llc $385,003 Lawyers Title
Seacliff Properties Inc $113,000 Lsi Title Agency Inc
Deutsche Bank National Trust Company $206,000 Servicelink
Padilla Jorge Alejandro -- Accommodation
Padilla Jorge Alejandro $400,000 United Title Company
Arias Jose $260,000 Southland Title Company
Avalos Jesus $145,000 Stewart Title
Hernandez Miguel Rangel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schowengerdt Family Trust $386,250
Previous Owner Globe Properties Llc $1,000,000
Previous Owner Seacliff Properties Inc $320,000
Previous Owner Padilla Jorge Alejandro $320,000
Previous Owner Arias Jose $208,000
Previous Owner Avalos Jesus $142,759
Closed Arias Jose $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2015 11/12/15 Sold $515,000 0.0% $188 / Sq Ft
10/09/2015 10/09/15 Pending -- -- --
09/14/2015 09/14/15 For Sale $515,000 -- $188 / 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 $7,578 $609,649 $177,566 $432,083
2024 $7,578 $597,696 $174,085 $423,611
2023 $7,435 $585,977 $170,672 $415,305
2022 $7,096 $574,488 $167,326 $407,162
2021 $6,998 $563,225 $164,046 $399,179
2019 $6,793 $546,521 $159,181 $387,340
2018 $6,696 $535,806 $156,060 $379,746
2016 $6,380 $515,000 $150,000 $365,000
2015 $5,135 $410,410 $118,965 $291,445
2014 $5,162 $402,371 $116,635 $285,736
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Ryan Cinelli

    BRC Advisors

    Section Image
  • Anh Tran

    Buyer's Agent in 2015

    Anh Tran

    Keller Williams Larchmont

    (310) 430-1333

    49 Total Sales

    Anh Tran
    Section Image
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Map

Source: The MLS

MLS Number: 15-941461

The MLS

APN: 5104-023-027

California Los Angeles County Los Angeles 90011 Central Alameda

1219 E 57th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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