NOT LISTED FOR SALE

1283 Meadowbrook Ave Unit 1/2 Los Angeles, CA 90019

Miracle Mile Neighborhood

Estimated Value: $1,909,000 - $2,538,000

8 Beds
6 Baths
3,944 Sq Ft
$596/Sq Ft Est. Value

Last Sold June 09, 2017

Last sale price $1,645,000 $417 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $14,244/month

67 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Front Yard

About This Home

As of June 2017

Exquisite two houses on a lot in sought after Mid-City neighborhood just blocks from Wilshire cafes, restaurants, museums and the highly anticipated City Target and Metro-Line. Both houses are newly remodeled and feature hardwood floors, modern kitchens and bathrooms, central AC/heat, and updated plumbing, electrical, and sewer. Each house is separately metered for water, gas, & electricity. The front house is a spacious 2,188 square feet, bright, single story, Spanish style home with 4 large bedrooms and 3 bathrooms. The home features an open floor plan, stainless appliances, marble bathrooms, gas fireplace, laundry room and private patio & yard. The backhouse is a roomy 1,756 square feet, two story home, also with 4 bedrooms, 3 bathrooms and includes stainless appliances, updated bathrooms and a separate private patio. The property also includes a separate 2 car garage. This is a wonderful opportunity to buy or invest in this booming and trendy neighborhood. Both units will be delivered vacant at close of escrow. Don't miss out!!

Last Agent to Sell the Property

Troy Gravett

LA Home Search License #01958274 Listed on: 03/16/2017

Last Buyer's Agent

Troy Gravett

LA Home Search License #01958274 Listed on: 03/16/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,341

Year Built

  • Built in 1928

Lot Details

  • 6,912 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 3,944 Sq Ft Home
  • Family Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Assessor Parcel Number 5070008029

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $1
  • New Taxes Expense $18,700
  • Operating Expense $31,000
  • Gross Income $114,000
  • Net Operating Income $86,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,341

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.00
  • Property Attached: No
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5070008029
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 417.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Conventional Septic
  • Trash Expense: 1.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6912.00

Multi Family

  • Gross Income: 114000.00
  • Gross Scheduled Income: 114000.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 86000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 28000.00
  • Rent Control: No
  • Total Expenses: 31000.00

Tax Info

  • New Taxes Expense: 18700.00
  • Tax Census Tract: 2171.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2021
Sold by
Vivien Yu Restated Living Trust and The Vivien Yu Restated Living
Bought by
Nathan A Yu Gift Trust and Brandon A Yu Gift Trust
Current Estimated Value
$2,351,354

Purchase Details

Closed on
Jun 12, 2020
Sold by
Cal Properties I Llc
Bought by
Yu Vivien and The Vivien Yu Restated Living

Purchase Details

Closed on
Dec 13, 2018
Sold by
Yu Vivien and The Vivien Yu Restated Living
Bought by
Cal Properties I Llc

Purchase Details

Listed on
Mar 16, 2017
Closed on
Jun 6, 2017
Sold by
Wilson Hugh H
Bought by
Yu Vivien and The Vivien Yu Restated Living Trust
Seller's Agent
Troy Gravett
LA Home Search
Buyer's Agent
Troy Gravett
LA Home Search
List Price
$1,799,999
Sold Price
$1,645,000
Premium/Discount to List
-$154,999
-8.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.37%

Purchase Details

Closed on
Oct 28, 2013
Sold by
East End Properties Inc
Bought by
Wilson Hugh H and Mcnally Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,548
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 20, 2013
Sold by
Brown Deshawn A
Bought by
Brown Karen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2013
Sold by
Brown Karen R
Bought by
East End 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
$600,000
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 2007
Sold by
Rich Ruby A
Bought by
Chapman Karen R and Rich Ruby A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2004
Sold by
Chapman Karen R
Bought by
Rich Ruby A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
4.39%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 13, 1999
Sold by
Chapman Karen R
Bought by
Chapman Karen R and Rich Ruby A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
7.89%

Purchase Details

Closed on
Aug 10, 1999
Sold by
Rich Ruby A
Bought by
Chapman Karen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
7.89%

Purchase Details

Closed on
Apr 16, 1996
Sold by
Chapman Karen R
Bought by
Chapman Karen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
7.82%

Purchase Details

Closed on
Jul 26, 1995
Sold by
Austin Karen R
Bought by
Rich Ruby A
Source: Public Records

Range of Values:

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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
Nathan A Yu Gift Trust -- None Listed On Document
Yu Vivien -- None Available
Cal Properties I Llc -- None Available
Yu Vivien -- First American Title Company
Wilson Hugh H $1,025,000 Lawyers Title
Brown Karen R -- None Available
East End Properties Inc $690,000 --
Chapman Karen R -- None Available
Rich Ruby A -- Commonwealth Land Title Co
Rich Ruby A -- Fidelity National Title Co
Chapman Karen R -- Orange Coast Title
Chapman Karen R -- Orange Coast Title
Rich Ruby A -- Orange Coast Title
Chapman Karen R -- Fidelity National Title Co
Rich Ruby A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson Hugh H $950,548
Previous Owner East End Properties Inc $600,000
Previous Owner Rich Ruby A $450,000
Previous Owner Rich Ruby A $315,000
Previous Owner Chapman Karen R $185,600
Previous Owner Chapman Karen R $108,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2017 06/09/17 Sold $1,645,000 -3.2% $417 / Sq Ft
05/22/2017 05/22/17 Pending -- -- --
04/11/2017 04/11/17 Price Changed $1,699,000 -2.9% $431 / Sq Ft
03/27/2017 03/27/17 Price Changed $1,749,000 -2.8% $443 / Sq Ft
03/16/2017 03/16/17 For Sale $1,799,999 -- $456 / 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 $21,341 $1,772,217 $705,703 $1,066,514
2024 $21,341 $1,737,468 $691,866 $1,045,602
2023 $20,931 $1,703,400 $678,300 $1,025,100
2022 $19,962 $1,670,000 $665,000 $1,005,000
2021 $21,195 $1,763,770 $1,058,262 $705,508
2020 $21,414 $1,745,685 $1,047,411 $698,274
2019 $20,561 $1,711,457 $1,026,874 $684,583
2018 $20,424 $1,677,900 $1,006,740 $671,160
2016 $13,686 $1,122,921 $828,427 $294,494
2015 $12,752 $1,045,479 $815,984 $229,495
2014 $12,800 $1,025,000 $800,000 $225,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Troy Gravett

    LA Home Search

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17054406

California Regional Multiple Listing Service (CRMLS)

APN: 5070-008-029

California Los Angeles County Los Angeles 90019 Miracle Mile

1283 Meadowbrook Ave Unit 1/2, Los Angeles, CA

This home is located at 1283 Meadowbrook Ave Unit 1/2, Los Angeles, CA 90019 since 16 March 2017 and is currently estimated at $2,351,354, approximately $596 per square foot. This property was built in 1928. 1283 Meadowbrook Ave Unit 1/2 is a home located in Los Angeles County with nearby schools including Saturn Street Elementary School, Fairfax High School, and New Los Angeles Charter.

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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