NOT LISTED FOR SALE

1319 N Avenue 50 Los Angeles, CA 90042

Estimated Value: $1,291,000 - $1,448,000

3 Beds
3 Baths
1,767 Sq Ft
$781/Sq Ft Est. Value

Last Sold April 12, 2023

Last sale price $1,290,000 $730 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,223/month

4 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 1-Story Property
  • Private Yard
  • Landscaped
  • 1-minute walk to York Park

About This Home

As of April 2023

LOCATION, LOCATION, LOCATION! Welcome to 1319 N Ave 50, ideally located in the vibrant Highland Park neighborhood, just steps away from popular restaurants, shops, and local amenities. The neighborhood is known for its artistic and eclectic vibe, reinforced by the student population of nearby Occidental College, making it a sought-after area for young people and families alike. This modernized 3-unit property consists of a 2 bedroom/1 bath; a 1 bedroom/1 bath; and a studio/1 bath. All three units have been lovingly cared for and features tasteful interior design. Inside, each unit boasts an open floor plan, with the main living room that flows seamlessly into the kitchen, featuring stone countertops, stainless steel appliances, ample counter and cabinet space, all attached to an overlook style breakfast bar. Each unit also includes a dedicated laundry room equipped with full size washers and dryers. The two end units have A/C & Heating, with the middle unit having a split system. All unit's water heaters have been upgraded to tankless water heaters. Additionally, there are (3) off-street parking spaces - one 1-car garage and one 2-car garage, as well as beautifully landscaped (dedicated and common) outdoor spaces. Overall, 1319 N Avenue 50 is a fantastic investment opportunity for buyers seeking market rental income and/or as owner-user multi-generational living.

Last Agent to Sell the Property

ROBERT SILVA

SILVA REAL ESTATE GRP. License #00860584 Listed on: 02/27/2023

Last Buyer's Agent

Robert Silva

REH REAL ESTATE License #00860584

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,859

Year Built

  • Built in 1951

Lot Details

  • 5,212 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Corner Lot
  • Level Lot
  • Private Yard
  • Garden
  • Back and Front Yard

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 1,767 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Suburban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 15 / H
  • Assessor Parcel Number 5476017015

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,859

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 395000
  • Property Attached: Yes
  • Zoning: LAR1
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5476017015
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 730.05

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Garden, Landscaped, Level, Yard
  • Lot Size Sq Ft: 5212.00
  • Lot Size Acres: 0.1197

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 5212.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Block: H
  • Tax Census Tract: 1834.01
  • Tax Lot: 15
  • Tax Tract Number: CT Lot

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2023
Closed on
Apr 11, 2023
Sold by
Sanchez Elizabeth
Bought by
Marie Granat Revocable Trust and Granat
Seller's Agent
ROBERT SILVA
SILVA REAL ESTATE GRP.
Buyer's Agent
ROBERT SILVA
SILVA REAL ESTATE GRP.
List Price
$1,185,000
Sold Price
$1,290,000
Premium/Discount to List
$105,000
8.86%
Views
12
Current Estimated Value
$1,379,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,571
Avg. Annual Appreciation
2.67%
Original Mortgage
$750,000
Outstanding Balance
$729,346
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$650,225

Purchase Details

Listed on
May 7, 2013
Closed on
May 1, 2013
Sold by
Sfr 2012-1 Us West Llc
Bought by
Sanchez Elizabeth
Seller's Agent
Ryan Yamauchi
Home Team Ventures
Buyer's Agent
Elizabeth Sanchez
Fathom Realty Group Inc.
List Price
$315,000
Sold Price
$470,000
Premium/Discount to List
$155,000
49.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.78%

Purchase Details

Closed on
Jul 20, 2012
Sold by
Federal National Mortgage Association
Bought by
Sfr 2012-1 Us West Llc

Purchase Details

Closed on
Feb 20, 2011
Sold by
Tinker Dolores M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 12, 2006
Sold by
Holdridge Heather M
Bought by
Tinker Dolores M and Montalvo Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2005
Sold by
Fernridge Llc
Bought by
Holdridge Heather M and Fernandez Mariela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
1.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 28, 2001
Sold by
Holdridge Heather M
Bought by
Fernridge Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.37%

Purchase Details

Closed on
Jun 15, 2001
Sold by
Chacon Mario
Bought by
Holdridge Heather and Fernandez Mariela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.37%

Purchase Details

Closed on
Aug 14, 1999
Sold by
Salas Simon
Bought by
Chacon Luis

Purchase Details

Closed on
Aug 15, 1997
Sold by
Villarreal Leo
Bought by
Chacon Mario and Salas Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,050
Interest Rate
7.44%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 20, 1996
Sold by
Palma Luis A
Bought by
Villarreal Leo and Villarreal Frances
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
Marie Granat Revocable Trust $1,290,000 Wfg National Title
Sanchez Elizabeth $470,000 Equity Title Company
Sfr 2012-1 Us West Llc -- First American Title Ins Co
Federal National Mortgage Association $509,061 None Available
Tinker Dolores M $550,000 First Southwestern Title Co
Holdridge Heather M -- Alliance Title Company
Fernridge Llc -- --
Holdridge Heather $185,000 American Title Co
Chacon Luis -- --
Chacon Mario $149,000 Commonwealth Land Title Co
Villarreal Leo $184,822 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marie Granat Revocable Trust $750,000
Previous Owner Tinker Dolores M $440,000
Previous Owner Holdridge Heather M $340,000
Previous Owner Holdridge Heather $148,000
Previous Owner Chacon Mario $146,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/12/2023 04/12/23 Sold $1,290,000 +8.9% $730 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
02/27/2023 02/27/23 For Sale $1,185,000 +152.1% $671 / Sq Ft
06/04/2013 06/04/13 Sold $470,000 +49.2% $274 / Sq Ft View Prior Sale
05/14/2013 05/14/13 Pending -- -- --
05/07/2013 05/07/13 For Sale $315,000 -- $184 / 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 $11,859 $982,592 $603,600 $378,992
2024 $11,859 $963,326 $591,765 $371,561
2023 $6,974 $556,286 $390,586 $165,700
2022 $6,652 $545,379 $382,928 $162,451
2021 $6,566 $534,686 $375,420 $159,266
2019 $6,372 $518,829 $364,286 $154,543
2018 $6,308 $508,657 $357,144 $151,513
2016 $6,022 $488,908 $343,277 $145,631
2015 $5,935 $481,565 $338,121 $143,444
2014 $5,971 $472,133 $331,498 $140,635
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS23031393

California Regional Multiple Listing Service (CRMLS)

APN: 5476-017-015