NOT LISTED FOR SALE

1416 S Cloverdale Ave Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,277,000 - $4,489,569

2 Beds
1 Bath
1,059 Sq Ft
$3,046/Sq Ft Est. Value

Last Sold June 25, 2018

Last sale price $820,000 $774 Per Sq Ft

Est. 276% increase in value since last sale

Current estimated payment $19,367/month

8 Days on Market

Highlights

  • Bonus Room
  • Neighborhood Views
  • Eat-In Kitchen
  • No HOA
  • Front Porch
  • Walk-In Closet

About This Home

As of June 2018

Calling all investors and families, This is a once in a lifetime opportunity to purchase this amazing property and rehab or build units on it due to its zoning! Priced right to sell quickly, it is only 5 minutes from mid city, and 15 minutes to downtown Los Angeles. Within a 15 minute drive you have over 15 elementary,middle, and high schools to choose from. Desired neighborhood, lot size is 7013 Sq ft! Shows 2 bedrooms, also has a bonus room.Alley access, Don't miss out on this opportunity to build up to 4 units to move in or rental income! Property is sold as is, buyers to do their due diligence regarding zoning and all aspects of property.

Last Agent to Sell the Property

Johnny Palma

CATALYST License #02018269 Listed on: 05/07/2018

Last Buyer's Agent

Naresh Sakhrani

THE IVRI GROUP, INC. License #01885274

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $37,827

Year Built

  • Built in 1922

Lot Details

  • 7,013 Sq Ft Lot
  • Front Yard
  • Property is zoned LARD1.5

Parking

  • 2 Car Garage

Interior Spaces

  • 1,059 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Bonus Room
  • Storage
  • Neighborhood Views

Kitchen

  • Eat-In Kitchen
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom
  • Formica Counters In Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Patio
  • Exterior Lighting
  • Front Porch

Utilities

  • Wall Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 1740
  • Assessor Parcel Number 5070014007

Home Details

Home Type

Single Family

Est. Annual Taxes

$37,827

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5070014007
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1059.00 Square Feet
  • Interior Amenities: Recessed Lighting, Storage, Tile Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 774.32
  • Room Type: All Bedrooms Down, Bonus Room, Kitchen, Walk-In Closet
  • Bathroom Features: Bathtub, Shower In Tub, Formica Counters
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Concrete, Front Porch
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7013.00
  • Lot Size Acres: 0.1610

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7013.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2171.00
  • Tax Lot: 7
  • Tax Tract Number: 1740

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2025
Sold by
Park Ryan and Park Jihee
Bought by
Ryan Park And Jihee Park Living Trust and Park
Current Estimated Value
$3,082,675

Purchase Details

Closed on
Dec 26, 2019
Sold by
Its Llc
Bought by
Park Ryan and Park Jihee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,472,550
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2019
Sold by
Lemos Hector David
Bought by
Its Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,572,000
Interest Rate
4.7%
Mortgage Type
Commercial

Purchase Details

Listed on
May 7, 2018
Closed on
Jun 20, 2018
Sold by
Lemos Shannon Diane
Bought by
Lemos Hector David
Seller's Agent
Johnny Palma
CATALYST
Buyer's Agent
Naresh Sakhrani
THE IVRI GROUP, INC.
List Price
$800,000
Sold Price
$820,000
Premium/Discount to List
$20,000
2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.39%
Original Mortgage
$679,650
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2015
Sold by
Castro Manuela Brenda
Bought by
Banuelos Rodolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2015
Sold by
Banuelos Elizabeth
Bought by
Banuelos Rodolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2015
Sold by
Banuelos Ma Elena
Bought by
Banuelos Ma Elena and Banuelos Elizabeth
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
Ryan Park And Jihee Park Living Trust -- None Listed On Document
Park Ryan $2,895,000 Pacific Coast Title Company
Its Llc -- First American Title Company
Lemos Hector David -- First American Title
Lemos Hector David $820,000 First American Title Company
Banuelos Rodolfo -- Provident Title Company
Banuelos Rodolfo $520,000 Provident Title Company
Banuelos Ma Elena -- Provident Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Park Ryan $1,472,550
Previous Owner Its Llc $1,572,000
Previous Owner Lemos Hector David $679,650
Previous Owner Banuelos Rodolfo $416,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2018 06/25/18 Sold $820,000 +2.5% $774 / Sq Ft
05/16/2018 05/16/18 For Sale $800,000 -2.4% $755 / Sq Ft
05/15/2018 05/15/18 Off Market $820,000 -- --
05/15/2018 05/15/18 For Sale $800,000 -2.4% $755 / Sq Ft
05/15/2018 05/15/18 Pending -- -- --
05/14/2018 05/14/18 Off Market $820,000 -- --
05/07/2018 05/07/18 For Sale $800,000 -- $755 / 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 $37,827 $3,166,099 $2,058,239 $1,107,860
2024 $37,827 $3,104,020 $2,017,882 $1,086,138
2023 $37,092 $3,043,158 $1,978,316 $1,064,842
2022 $35,362 $2,983,489 $1,939,526 $1,043,963
2021 $34,918 $2,924,991 $1,901,497 $1,023,494
2020 $10,717 $867,000 $693,600 $173,400
2019 $10,134 $836,400 $669,120 $167,280
2018 $6,677 $541,008 $364,140 $176,868
2016 $6,908 $520,000 $350,000 $170,000
2015 $2,086 $165,976 $118,934 $47,042
2014 $2,103 $162,726 $116,605 $46,121
Source: Public Records

Agents Affiliated with this Home

  • Johnny Palma

    Seller's Agent in 2018

    Johnny Palma

    CATALYST

    (310) 956-8714

    5 Total Sales

    Johnny Palma
    Section Image
  • Naresh Sakhrani

    Buyer's Agent in 2018

    Naresh Sakhrani

    THE IVRI GROUP, INC.

    (714) 507-0734

    23 Total Sales

    Naresh Sakhrani
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18106830

California Regional Multiple Listing Service (CRMLS)

APN: 5070-014-007

California Los Angeles County Los Angeles 90019 Mid-City

1416 S Cloverdale Ave, Los Angeles, CA

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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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