P
Seller's Agent in 2020
Phyllis Lu
Titan One Real Estate
(626) 229-2268
1 in this area
42 Total Sales
1379 E 51st St Los Angeles, CA 90011
Central Alameda NeighborhoodEstimated Value: $1,157,000 - $1,348,000
10
Beds
6
Baths
3,500
Sq Ft
$353/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Tile Flooring
- Living Room
- Tankless Water Heater
- Forced Air Heating System
About This Home
As of December 2020No rent control!!! Cash Cow!!!! NEWLY BUILT IN 2019. GREAT INCOME PRODUCING! PRIME INVESTMENT OPPORTUNITY DUPLEX IN SOUTH LOS ANGELES. BOTH UNITS ARE TENANT OCCUPIED WITH STRONG RENTS AND GREAT TENANTS. Total gross income $6400. THERE ARE 2 CAR GARAGE and plenty of parking spaces.Tenants pay ALL utilities including water and trash. Don't miss out.
Last Agent to Sell the Property
Titan One Real Estate License #01526442 Listed on: 11/05/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,497
Year Built
- Built in 2019
Lot Details
- 4,762 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 2 Car Garage
Home Design
- Duplex
Interior Spaces
- 3,500 Sq Ft Home
- 2-Story Property
- Living Room
- Free-Standing Range
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- Forced Air Heating System
- Tankless Water Heater
- Sewer Paid
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 30 / H
- Assessor Parcel Number 5107032024
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $850
- New Taxes Expense $8,580
- Operating Expense $9,430
- Gross Income $76,800
- Net Operating Income $76,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 5, 2020
Closed on
Nov 23, 2020
Sold by
Wintan Lin Llc
Bought by
Lee Seonggyu and An Jeong Hwa
Seller's Agent
Phyllis Lu
Titan One Real Estate
List Price
$959,000
Sold Price
$945,000
Premium/Discount to List
-$14,000
-1.46%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,887
Avg. Annual Appreciation
6.56%
Original Mortgage
$653,550
Outstanding Balance
$583,193
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$690,488
Purchase Details
Closed on
Mar 9, 2020
Sold by
Alexei Home Llc
Bought by
Wintan Lin Llc
Purchase Details
Closed on
Apr 18, 2019
Sold by
Obsidian Development Llc
Bought by
Alexei Home Llc
Purchase Details
Listed on
Nov 27, 2017
Closed on
Jan 8, 2018
Sold by
Gutierrez Thelma A
Bought by
Obsidian Development Llc
Seller's Agent
MARGORETH GALVEZ
J.R.A. & Associates Realty
Buyer's Agent
MARGORETH GALVEZ
J.R.A. & Associates Realty
List Price
$375,800
Sold Price
$345,000
Premium/Discount to List
-$30,800
-8.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.78%
Original Mortgage
$100,000
Interest Rate
3.94%
Mortgage Type
Unknown
Purchase Details
Closed on
Aug 15, 2007
Sold by
Magallanes David
Bought by
Magallanes Lucina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 26, 2007
Sold by
Villarreal Melquiades
Bought by
Gutierrez Thelma A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 7, 1997
Sold by
Villarreal Melquiadez
Bought by
Villarreal Melquiades and Villarreal Martina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,444
Interest Rate
7.74%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lee Seonggyu | $945,000 | Wfg National Title Company | |
| Wintan Lin Llc | -- | None Available | |
| Alexei Home Llc | $865,000 | First American Title Company | |
| Obsidian Development Llc | $345,000 | First American Title Company | |
| Magallanes Lucina | $375,000 | First American Title Co La | |
| Gutierrez Thelma A | $375,000 | Fatcola | |
| Villarreal Melquiades | -- | American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lee Seonggyu | $653,550 | |
| Previous Owner | Wintan Lin Llc | $750,000 | |
| Previous Owner | Obsidian Development Llc | $100,000 | |
| Previous Owner | Obsidian Development Llc | $180,000 | |
| Previous Owner | Gutierrez Thelma A | $356,250 | |
| Previous Owner | Villarreal Melquiades | $109,444 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/16/2020 12/16/20 | Sold | $945,000 | -1.5% | $270 / Sq Ft |
| 11/05/2020 11/05/20 | For Sale | $959,000 | +178.0% | $274 / Sq Ft |
| 11/01/2020 11/01/20 | Pending | -- | -- | -- |
| 01/24/2018 01/24/18 | Sold | $345,000 | -8.2% | $403 / Sq Ft |
| 01/03/2018 01/03/18 | Pending | -- | -- | -- |
| 11/27/2017 11/27/17 | For Sale | $375,800 | -- | $439 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,497 | $1,022,897 | $460,033 | $562,864 |
| 2024 | $12,497 | $1,002,841 | $451,013 | $551,828 |
| 2023 | $12,259 | $983,178 | $442,170 | $541,008 |
| 2022 | $11,692 | $963,900 | $433,500 | $530,400 |
| 2021 | $11,536 | $945,000 | $425,000 | $520,000 |
| 2020 | $11,013 | $882,300 | $387,600 | $494,700 |
| 2019 | $6,482 | $535,900 | $351,900 | $184,000 |
| 2018 | $3,249 | $264,900 | $165,700 | $99,200 |
| 2016 | $3,222 | $264,900 | $165,700 | $99,200 |
| 2015 | $3,222 | $264,900 | $165,700 | $99,200 |
| 2014 | $2,742 | $219,000 | $137,000 | $82,000 |
Source: Public Records
Agents Affiliated with this Home
-
Phyllis Lu
-
MARGORETH GALVEZ
M
Seller's Agent in 2018
MARGORETH GALVEZ
J.R.A. & Associates Realty
(626) 824-8362
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR20226496
APN: 5107-032-024
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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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