NOT LISTED FOR SALE

1280 E 50th St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $669,000 - $795,000

5 Beds
3 Baths
1,769 Sq Ft
$425/Sq Ft Est. Value

Last Sold January 23, 2018

Last sale price $390,000 $220 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $4,462/month

130 Days on Market

About This Home

As of January 2018

Back on the market and an amazing price for these two units. Front unit features 3 bed 2 ba with another room used as a small bedroom so potentially 4 bed. Back unit is a 2 bed 1 ba. Property subject to interior inspections. Priced to sell. Property does come occupied so your client can keep tenants or evict but property is priced accordingly.Great investment property close to shops and neighborhood stores. Close to Sally Ride Elementary School.

Last Agent to Sell the Property

Jimmy Olguin

First Choice Realty Solutions License #01331070 Listed on: 08/31/2017

Last Buyer's Agent

Jorge Vargas

INTEGRA REAL ESTATE GROUP License #01526012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,124

Year Built

  • Built in 1937

Lot Details

  • 5,223 Sq Ft Lot
  • No Common Walls
  • Back Yard

Home Design

  • 1,769 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 33
  • Tax Tract Number 33
  • Assessor Parcel Number 5107028014

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $720
  • Insurance Expense $824
  • Trash Expense $360
  • Water Sewer Expense $1,044
  • New Taxes Expense $2,446
  • Operating Expense $5,394
  • Gross Income $2,300
  • Net Operating Income $2,090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,124

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1044.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5107028014
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 220.46

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 5223.00

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 2300.00
  • Gross Scheduled Income: 2300.00
  • Insurance Expense: 824.00
  • Net Operating Income: 2090.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 210.00
  • Rent Control: Yes
  • Total Expenses: 5393.70

Tax Info

  • New Taxes Expense: 2445.70
  • Tax Census Tract: 2287.10
  • Tax Lot: 33
  • Tax Tract Number: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2024
Sold by
Lua Diana K and Saldana Sergio Lua
Bought by
Mandolando Sergio Lua and Lua Diana K
Current Estimated Value
$751,215

Purchase Details

Closed on
Nov 18, 2019
Sold by
Noy Nini and The Nini Noy Family Trust
Bought by
Lua Diana K and Saldana Sergio Lua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,213
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 2019
Sold by
Noy Nini
Bought by
Noy Nini and Nini Noy Family Trust

Purchase Details

Listed on
Aug 31, 2017
Closed on
Jan 4, 2018
Sold by
Mendoza Angelica
Bought by
Noy Nini
Seller's Agent
Jimmy Olguin
First Choice Realty Solutions
Buyer's Agent
Jorge Vargas
INTEGRA REAL ESTATE GROUP
List Price
$395,000
Sold Price
$390,000
Premium/Discount to List
-$5,000
-1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.81%
Original Mortgage
$100,000
Interest Rate
3.94%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 20, 2003
Sold by
Castro Antonio and Mendoza Angelica
Bought by
Mendoza Angelica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
5.78%

Purchase Details

Closed on
Feb 4, 2000
Sold by
Macias Irma
Bought by
Mendoza Angelica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,500
Interest Rate
5.55%

Purchase Details

Closed on
Jan 13, 1998
Sold by
Agency Publication & Information Clearin
Bought by
Mendoza Angelica and Macias Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,742
Interest Rate
7.06%

Purchase Details

Closed on
Oct 23, 1997
Sold by
Hud
Bought by
Agency Publication & Information Clearin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.26%

Purchase Details

Closed on
Mar 31, 1995
Sold by
Mountain States Mtg Centers Inc
Bought by
Hud

Purchase Details

Closed on
Mar 24, 1995
Sold by
Simpkins Christopher and Mountain States Mtg Centers In
Bought by
Mountain States Mtg Centers Inc

Purchase Details

Closed on
Jan 4, 1994
Sold by
Mallory Ruth
Bought by
Simpkins Christopher
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
Mandolando Sergio Lua -- --
Lua Diana K $457,500 North American Title Company
Noy Nini -- None Available
Noy Nini $390,000 Wfg Title Company
Mendoza Angelica -- American Title Co
Mendoza Angelica -- --
Mendoza Angelica $145,000 Provident Title
Agency Publication & Information Clearin $87,500 --
Hud -- Benefit Land Title Company
Mountain States Mtg Centers Inc $81,045 Benefit Land Title Co
Simpkins Christopher -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lua Diana K $449,213
Previous Owner Noy Nini $100,000
Previous Owner Mendoza Angelica $192,000
Previous Owner Mendoza Angelica $147,500
Previous Owner Mendoza Angelica $142,742
Previous Owner Agency Publication & Information Clearin $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2018 01/23/18 Sold $390,000 -1.3% $220 / Sq Ft
01/08/2018 01/08/18 Pending -- -- --
08/31/2017 08/31/17 For Sale $395,000 -- $223 / 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 $6,124 $500,337 $295,282 $205,055
2024 $6,124 $490,528 $289,493 $201,035
2023 $6,008 $480,911 $283,817 $197,094
2022 $5,731 $471,482 $278,252 $193,230
2021 $5,654 $462,239 $272,797 $189,442
2020 $5,791 $457,500 $270,000 $187,500
2019 $4,972 $397,800 $357,000 $40,800
2018 $2,578 $203,325 $93,592 $109,733
2016 $2,446 $195,431 $89,958 $105,473
2015 $2,411 $192,496 $88,607 $103,889
2014 $2,430 $188,726 $86,872 $101,854
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jimmy Olguin

    First Choice Realty Solutions

    (626) 327-0416

    7 Total Sales

    Jimmy Olguin
    Section Image

  • J

    Buyer's Agent in 2018

    Jorge Vargas

    INTEGRA REAL ESTATE GROUP

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17201829

California Regional Multiple Listing Service (CRMLS)

APN: 5107-028-014

California Los Angeles County Los Angeles 90011 Central Alameda

1280 E 50th St, Los Angeles, CA

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