NOT LISTED FOR SALE

1409 S Westmoreland Ave Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $1,219,000 - $1,584,000

7 Beds
4 Baths
3,121 Sq Ft
$461/Sq Ft Est. Value

Last Sold May 18, 2022

Last sale price $935,000 $300 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $8,617/month

Highlights

  • All Bedrooms Downstairs
  • Cooling System Mounted To A Wall/Window
  • Accessible Parking
  • Bonus Room
  • Laundry Room
  • Tile Flooring

About This Home

As of May 2022

Welcome to 1409 S Westmoreland Ave! Situated in Mid- Wilshire and features 4 Units that can produce you a substantial amount of rental income due to its location. It has a spacious drive wav which is able to fit all tenants cars, it also has 2 car ports in the center of the property and most importantly it's less than a 5 min drive to DTLA. This is a perfect investment opportunity or development
opportunity!

Last Agent to Sell the Property

Jeremy Sifuentes

Century 21 A Better Service License #02083396 Listed on: 02/26/2022

Century 21 A Better Service

Co-Listed By

Ernesto Sifuentes

Century 21 A Better Service License #01290591

Last Buyer's Agent

Jeremy Sifuentes

Century 21 A Better Service License #02083396 Listed on: 02/26/2022

Century 21 A Better Service

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,204

Year Built

  • Built in 1903

Lot Details

  • 6,758 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,121 Sq Ft Home
  • Bonus Room
  • Basement

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Private Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 10 / B
  • Tax Tract Number 221
  • Assessor Parcel Number 5056002009
  • $508 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gross Income $22,740
  • Net Operating Income $22,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,204

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 225000
  • Property Attached: Yes
  • Zoning: LAR4
  • Property Type: Residential Income
  • Parcel Number: 5056002009
  • Year Built: 1903
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: Parking
  • Levels: Two
  • Price Per Square Foot: 299.58
  • Room Type: All Bedrooms Down, All Bedrooms Up, Basement, Bonus Room, Kitchen, Laundry

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Private
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6758.00
  • Lot Size Acres: 0.1551
  • Latitude Manual: 34.04590200

Multi Family

  • Gross Income: 22740.00
  • Gross Scheduled Income: 22740.00
  • Lot Size Area: 6758.0000 Square Feet
  • Net Operating Income: 22740.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 22740.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 2211.10
  • Tax Lot: 10
  • Tax Tract Number: 221...
  • TaxOtherAnnualAssessmentAmount: 508.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2024
Sold by
Ava Lost Llc
Bought by
Divya Bala And Satish Subramanian Family Trus and Subramanian
Current Estimated Value
$1,439,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$885,928
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$553,072

Purchase Details

Closed on
Jul 2, 2013
Sold by
Touma Elena
Bought by
Touma Elena and The Elena Touma Trust

Purchase Details

Closed on
Aug 31, 2005
Sold by
Touma Elena and The Elena Touma Trust
Bought by
Touma Elena

Purchase Details

Closed on
Jan 26, 2003
Sold by
Touma Elena
Bought by
Touma Elena and The Elena Touma Trust
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
Divya Bala And Satish Subramanian Family Trus $1,500,000 Provident Title Company
Touma Elena -- None Available
Touma Elena -- --
Touma Elena -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Subraman Divya $900,000
Closed Divya Bala And Satish Subramanian Family Trus $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2022 05/18/22 Sold $935,000 +3.9% $300 / Sq Ft
02/26/2022 02/26/22 For Sale $900,000 -- $288 / Sq Ft
02/25/2022 02/25/22 Pending -- -- --
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 $12,204 $1,530,000 $1,071,000 $459,000
2024 $12,204 $972,774 $582,624 $390,150
2023 $11,976 $953,700 $571,200 $382,500
2022 $1,113 $55,684 $25,149 $30,535
2021 $1,079 $54,593 $24,656 $29,937
2020 $1,080 $54,035 $24,404 $29,631
2019 $1,056 $52,976 $23,926 $29,050
2018 $929 $51,938 $23,457 $28,481
2016 $856 $49,924 $22,548 $27,376
2015 $848 $49,175 $22,210 $26,965
2014 $873 $48,212 $21,775 $26,437
Source: Public Records

Agents Affiliated with this Home

  • Jeremy Sifuentes

    Seller's Agent in 2022

    Jeremy Sifuentes

    Century 21 A Better Service

    (562) 806-1000

    1 in this area

    34 Total Sales

    Jeremy Sifuentes
    Section Image
  • Ernesto Sifuentes

    Seller Co-Listing Agent in 2022

    Ernesto Sifuentes

    Century 21 A Better Service

    (562) 231-2890

    1 in this area

    41 Total Sales

    Ernesto Sifuentes
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22036492

California Regional Multiple Listing Service (CRMLS)

APN: 5056-002-009

California Los Angeles County Los Angeles 90006 Pico-Union

1409 S Westmoreland Ave, Los Angeles, CA

This home is located at 1409 S Westmoreland Ave, Los Angeles, CA 90006 since 26 February 2022 and is currently estimated at $1,439,000, approximately $461 per square foot. This property was built in 1903. 1409 S Westmoreland Ave is a home located in Los Angeles County with nearby schools including Magnolia Avenue Elementary School, Berendo Middle, and West Adams Preparatory High School.

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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