NOT LISTED FOR SALE

Estimated Value: $858,000 - $1,086,000

7 Beds
4 Baths
2,428 Sq Ft
$402/Sq Ft Est. Value

Last Sold September 28, 2023

Last sale price $900,000 $371 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,248/month

13 Days on Market

Highlights

  • City Lights View
  • Property is near a park
  • Granite Countertops
  • Open Floorplan
  • High Ceiling
  • Living Room

About This Home

As of September 2023

Welcome to 1321 E 47TH St, located in the HIGHLY DESIRED & EVER GROWING City of Los Angeles! This is the Perfect INVESTMENT Opportunity YOU have been searching for! This beautifully designed Duplex styled property features 2,428 total building SqFt consisting of a newly renovated front unit with 3 generous sized bedrooms, 2 full restrooms, in-suite laundry and a large open airy kitchen, dining and living spaces while the back unit has 4 generous sized bedrooms, 2 full restrooms, in-suite laundry and a large open airy kitchen, dining and living spaces as well. Situated on a 5,370 SqFt, LAR2 Zoned Lot with a long driveway and alley access that can park up to 8 cars, making it the perfect "live in one, rent out the other" investment play. Adjacently located next to the cities of Vernon and Huntington Park and centrally located just minutes from USC, Exposition Park, Downtown Los Angeles, public transportation and all major highways. This property has a ton of potential and is the PERFECT opportunity for either a First Time Buyer or Seasoned Real Estate investor looking to expand his / her portfolio. Act Now! Don't miss this chance of a lifetime!

Last Agent to Sell the Property

George Valencia

Century 21 A Better Service License #02083024 Listed on: 06/27/2023

Century 21 A Better Service

Last Buyer's Agent

David Robles

Century 21 Allstars License #01888614

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,199

Year Built

  • Built in 1918 | Remodeled

Lot Details

  • 5,370 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wrought Iron Fence
  • Garden

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Duplex
  • Bungalow
  • Turnkey
  • Additions or Alterations
  • Raised Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,428 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Window Screens
  • Living Room
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Recirculated Exhaust Fan
  • Granite Countertops

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Driveway

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 22 / C
  • Assessor Parcel Number 5107011017

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $133
  • Water Sewer Expense $620
  • Operating Expense $753
  • Gross Income $28,800
  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,199

Year Built

Built in 1918 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 432000
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: Yes
  • Water Sewer Expenses: 619.68
  • Zoning: LAR2
  • Architectural Style: Bungalow
  • Property Condition: Additions/Alterations, Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5107011017
  • Year Built: 1918
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters, High Ceilings, Open Floorplan
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Entry Level: 2
  • Levels: One
  • Price Per Square Foot: 370.68
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room
  • Window Features: Screens

Exterior Features

  • Foundation: Raised
  • Other Structures: Storage
  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Recirculated Exhaust Fan
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Near Public Transit, Park Nearby, Walkstreet
  • Lot Size Sq Ft: 5370.00
  • Lot Size Acres: 0.1233

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 28800.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 132.84
  • Lot Size Area: 5370.0000 Square Feet
  • Net Operating Income: 28800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Rent Control: Yes
  • Total Expenses: 752.52

Tax Info

  • Tax Block: C
  • Tax Census Tract: 2287.20
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2023
Sold by
Aquino Jose Luis Sanabria
Bought by
Avalos Estefania Ramos
Current Estimated Value
$975,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$883,698
Interest Rate
7.09%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 12, 2023
Sold by
Barrios Omar Guadalupe
Bought by
Avalos Estefania Ramos and Sanabria Mayra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$883,698
Interest Rate
7.09%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 3, 2023
Sold by
Barrios Omar Guadalupe
Bought by
Barrios Omar Guadalupe

Purchase Details

Closed on
Apr 6, 2010
Sold by
Barrios Guadalupe
Bought by
Zepeda David and Lydia Cadman Albert Guston France Guston

Purchase Details

Closed on
Mar 6, 2007
Sold by
Barrios Margoth
Bought by
Barrios Guadalupe and Barrios Margoth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$501,500
Interest Rate
7.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2006
Sold by
Barrios Guadalupe
Bought by
Barrios Margoth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
8.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 26, 2004
Sold by
Barrios Guadalupe
Bought by
Barrios Guadalupe and Barrios Margoth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2003
Sold by
Barrios Guadalupe
Bought by
Barrios Guadalupe

Purchase Details

Closed on
Sep 19, 2001
Sold by
Federal National Mortgage Association
Bought by
Corro Renato

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
6.99%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 27, 2001
Sold by
Bank Of America Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 18, 1994
Sold by
Thomas Maxine Freddie
Bought by
Thomas Maxine Freddie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
8.99%
Source: Public Records

Range of Values:

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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
Avalos Estefania Ramos -- Wfg National Title
Avalos Estefania Ramos $900,000 Wfg National Title
Barrios Omar Guadalupe -- --
Zepeda David -- None Available
Barrios Guadalupe -- New Century Title Company
Barrios Margoth -- Commonwealth Land Title
Barrios Guadalupe -- Orange Coast Title
Barrios Guadalupe -- --
Corro Renato $106,000 Fidelity National Title Co
Corro Renato -- Fidelity National Title Co
Federal National Mortgage Association -- First American Title Ins Co
Bank Of America Na $98,494 United Title Company
Thomas Maxine Freddie -- California Counties Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Avalos Estefania Ramos $883,698
Previous Owner Barrios Guadalupe $501,500
Previous Owner Barrios Margoth $448,000
Previous Owner Barrios Guadalupe $343,000
Previous Owner Barrios Guadalupe $268,000
Previous Owner Corro Renato $141,000
Previous Owner Thomas Maxine Freddie $101,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2023 09/28/23 Sold $900,000 +4.2% $371 / Sq Ft
09/05/2023 09/05/23 Price Changed $864,000 0.0% $356 / Sq Ft
08/07/2023 08/07/23 Price Changed $864,000 0.0% $356 / Sq Ft
07/13/2023 07/13/23 For Sale $864,000 0.0% $356 / Sq Ft
07/10/2023 07/10/23 Pending -- -- --
06/27/2023 06/27/23 For Sale $864,000 -- $356 / 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 $11,199 $918,000 $612,000 $306,000
2024 $11,199 $900,000 $600,000 $300,000
2023 $4,714 $359,559 $172,644 $186,915
2022 $4,503 $352,509 $169,259 $183,250
2021 $4,438 $345,598 $165,941 $179,657
2020 $4,477 $342,055 $164,240 $177,815
2019 $4,310 $335,349 $161,020 $174,329
2018 $4,202 $328,774 $157,863 $170,911
2016 $3,995 $316,009 $151,734 $164,275
2015 $4,332 $344,223 $135,541 $208,682
2014 $4,358 $337,481 $132,886 $204,595
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23114089

California Regional Multiple Listing Service (CRMLS)

APN: 5107-011-017