NOT LISTED FOR SALE

1249 E 28th St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $739,000 - $1,021,000

6 Beds
4 Baths
2,884 Sq Ft
$311/Sq Ft Est. Value

Last Sold May 09, 2018

Last sale price $700,000 $243 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,897/month

24 Days on Market

About This Home

As of May 2018

Built in 1906, the subject property offers a unit mix of one three-bedroom two-bathroom, and three one-bedroom one-bathroom units. The subject property is currently 50% vacant with the two front units being delivered vacant. The vacant units have been completely upgraded with new interiors, flooring, and appliances. Making them attractive options to live in as an owner-user, or for potential tenants to lease out at market rate. This provides a rare opportunity to acquire an asset as an owner-user, or as a high cash flow investment.

Last Agent to Sell the Property

Sagiv Rosano

Rosano Partners License #01380809 Listed on: 03/12/2018

Last Buyer's Agent

Dorit Pakdaman

Realty Source Incorporated License #01986592

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,711

Year Built

  • Built in 1906

Lot Details

  • 6,084 Sq Ft Lot

Interior Spaces

  • 2,884 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Gated Parking

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5119-019-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,711

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2884
  • Stories: 2
  • Year Built: 1906
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 242.72

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 4

Lot Info

  • Assessed Improvement Value: 127284
  • Assessed Land Value: 139376
  • Assessor Parcel Number: 5119-019-014
  • Geocode Override: No
  • Lot Size Area: 6084

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 10.96
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 16190
  • Type Of Units: Standard
  • Vacancy Rate: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2018
Sold by
Pakdaman Mehrdad and Pakdaman Dorit R
Bought by
La Live Rentals Llc
Current Estimated Value
$958,703

Purchase Details

Listed on
Mar 12, 2018
Closed on
Apr 25, 2018
Sold by
Montejano Gerardo J
Bought by
Pakdaman Mehrdad and Pakdaman Dorit R
Seller's Agent
Sagiv Rosano
Rosano Partners
Buyer's Agent
Dorit Pakdaman
Realty Source Incorporated
List Price
$700,000
Sold Price
$700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.94%
Original Mortgage
$507,750
Interest Rate
4.44%

Purchase Details

Closed on
Aug 22, 2002
Sold by
Montejano Gerardo
Bought by
Montejano Gerardo J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
6.43%

Purchase Details

Closed on
Aug 17, 2001
Sold by
Palmas Maria Estela and Palmas Maria E
Bought by
Montejano Gerardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,263
Interest Rate
7.21%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
La Live Rentals Llc -- Accommodation
Pakdaman Mehrdad $700,000 Stewart Title Company Of Cal
Montejano Gerardo J -- Fidelity Title
Montejano Gerardo $209,500 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pakdaman Mehrdad $507,750
Previous Owner Montejano Gerardo J $60,000
Previous Owner Montejano Gerardo J $420,000
Previous Owner Montejano Gerardo J $175,000
Previous Owner Montejano Gerardo J $58,000
Previous Owner Montejano Gerardo J $217,000
Previous Owner Montejano Gerardo $206,263
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2018 05/09/18 Sold $700,000 0.0% $243 / Sq Ft
04/05/2018 04/05/18 Pending -- -- --
03/12/2018 03/12/18 For Sale $700,000 -- $243 / 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 $9,711 $780,859 $446,205 $334,654
2024 $9,711 $765,549 $437,456 $328,093
2023 $9,528 $750,539 $428,879 $321,660
2022 $9,095 $735,823 $420,470 $315,353
2021 $8,975 $721,396 $412,226 $309,170
2020 $9,062 $714,000 $408,000 $306,000
2019 $8,713 $700,000 $400,000 $300,000
2018 $3,629 $271,992 $142,163 $129,829
2016 $3,445 $261,433 $136,644 $124,789
2015 $3,398 $257,507 $134,592 $122,915
2014 $3,436 $252,464 $131,956 $120,508
Source: Public Records

Agents Affiliated with this Home

  • Sagiv Rosano

    Seller's Agent in 2018

    Sagiv Rosano

    Rosano Partners

    (213) 802-0262

    1 in this area

    8 Total Sales

    Section Image
  • Dorit Pakdaman

    Buyer's Agent in 2018

    Dorit Pakdaman

    Realty Source Incorporated

    (310) 743-4488

    21 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 18-322254

The MLS

APN: 5119-019-014

California Los Angeles County Los Angeles 90011 Central Alameda

1249 E 28th St, Los Angeles, CA

This home is located at 1249 E 28th St, Los Angeles, CA 90011 since 12 March 2018 and is currently estimated at $897,589, approximately $311 per square foot. This property was built in 1906. 1249 E 28th St is a home located in Los Angeles County with nearby schools including Nevin Avenue Elementary School, Thomas Jefferson Senior High School, and Nava College Preparatory Academy.

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