NOT LISTED FOR SALE

1317 E 48th Place Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $1,113,000 - $1,330,000

10 Beds
6 Baths
3,556 Sq Ft
$343/Sq Ft Est. Value

Last Sold December 23, 2019

Last sale price $850,000 $239 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $7,313/month

3 Days on Market

Highlights

  • Double Pane Windows
  • Landscaped
  • 1-Story Property
  • Laundry Room
  • Central Heating

About This Home

As of December 2019

Excellent Investment Property - Duplex * Built in 2014 * 5 Bedrooms and 3 Baths in Each Unit * 3 Car Garage * Duplex totals 3,556 SF * Dual Pane Windows * Kitchen with Granite Counter tops * $5,300 Rental Income Every Month

Last Agent to Sell the Property

Cary Hairabedian

College Park Realty License #00876519 Listed on: 10/02/2019

College Park Realty

Last Buyer's Agent

Cary Hairabedian

College Park Realty License #00876519 Listed on: 10/02/2019

College Park Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2014

Lot Details

  • 4,996 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 3,556 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 18 / E
  • Tax Tract Number 7
  • Assessor Parcel Number 5107021017

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $780
  • Insurance Expense $1,000
  • Water Sewer Expense $4,200
  • New Taxes Expense $10,875
  • Operating Expense $16,855
  • Gross Income $6,000
  • Net Operating Income $46,745

Property Details

Home Type

Multi-Family

Year Built

Built in 2014

Lot Details

4,996 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4200.00
  • Zoning: LARD2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 5107021017
  • Year Built: 2014
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 239.03
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 4996.00
  • Lot Size Acres: 0.1147

Multi Family

  • Gross Income: 6000.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4996.0000 Square Feet
  • Net Operating Income: 46745.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 16855.00

Tax Info

  • New Taxes Expense: 10875.00
  • Tax Block: E
  • Tax Census Tract: 2287.20
  • Tax Lot: 18
  • Tax Tract Number: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2019
Sold by
Three Star Land Management Llc
Bought by
Golden Silvercrest Llc
Current Estimated Value
$1,219,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2014
Sold by
Ocean Development Inc
Bought by
Three Star Land Management Llc

Purchase Details

Closed on
Apr 4, 2014
Sold by
Strategic Acquisitions Inc
Bought by
Ocean Development Inc

Purchase Details

Closed on
Mar 7, 2014
Sold by
Colfin Ai Ca 5 Llc
Bought by
Strategic Acquisitions Inc

Purchase Details

Closed on
Mar 15, 2013
Sold by
Course Fred
Bought by
Colfin Ai Ca 5 Llc

Purchase Details

Closed on
Dec 13, 1993
Sold by
Course John and Course Mary
Bought by
Course Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Golden Silvercrest Llc $870,000 Lawyers Title
Three Star Land Management Llc -- Lawyers Title
Ocean Development Inc $200,000 Lawyers Title Company
Strategic Acquisitions Inc $170,000 None Available
Colfin Ai Ca 5 Llc -- Fidelity Van Nuys
Course Fred -- Title Land
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Golden Silvercrest Llc $435,000
Previous Owner Course Fred $80,000
Closed Course Fred $14,981
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2019 12/23/19 Sold $850,000 -2.3% $239 / Sq Ft
10/05/2019 10/05/19 Pending -- -- --
10/02/2019 10/02/19 For Sale $870,000 -- $245 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,645 $951,465 $579,629 $371,836
2024 $11,645 $932,810 $568,264 $364,546
2023 $11,422 $914,521 $557,122 $357,399
2022 $10,895 $896,591 $546,199 $350,392
2021 $10,749 $879,012 $535,490 $343,522
2020 $10,855 $870,000 $530,000 $340,000
2019 $7,416 $596,332 $186,925 $409,407
2018 $7,322 $584,640 $183,260 $401,380
2016 $6,970 $561,940 $176,145 $385,795
2015 $6,870 $553,500 $173,500 $380,000
2014 $2,151 $163,237 $100,956 $62,281
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19234115

California Regional Multiple Listing Service (CRMLS)

APN: 5107-021-017

California Los Angeles County Los Angeles 90011 Central Alameda

1317 E 48th Place, Los Angeles, CA

Not Listed for Sale

MultiFamily

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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.

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