NOT LISTED FOR SALE

1419 E 53rd St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $901,000 - $1,319,000

10 Beds
6 Baths
3,506 Sq Ft
$335/Sq Ft Est. Value

Last Sold May 01, 2019

Last sale price $775,000 $221 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $7,028/month

42 Days on Market

Highlights

  • Laundry Room
  • Front Yard
  • 2-minute walk to Slauson Senior Multipurpose Recreation Center
  • Central Heating

About This Home

As of May 2019

Fabulous Investment Opportunity for this Duplex with NO RENT CONTROL! Each Unit Features: 5 Bedrooms, 3 Bathrooms with One Bedroom and Full Bathroom Downstairs, Large Spacious Kitchen, Upstairs Laundry Area, Master Bedroom/Bathroom in Each Unit and Fenced Yard Area. The Duplex is improved with a 3 Car Garage and plenty of parking on the long driveway. Conveniently located to Los Angeles International Airport, Freeways, Railway Transit Lines, Neighborhood Shopping and Public Transportation. Units are currently occupied on a month to month basis.

Last Agent to Sell the Property

Monica Diaz-Campbell

EXP REALTY OF CALIFORNIA INC License #01293082 Listed on: 01/21/2019

EXP REALTY OF CALIFORNIA INC

Last Buyer's Agent

Jindy Chen

Kingston Realty License #01279598

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,631

Year Built

  • Built in 2015

Lot Details

  • 5,401 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 3 Car Garage

Interior Spaces

  • 3,506 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Urban Location
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 57
  • Assessor Parcel Number 5104008031

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $715
  • Insurance Expense $2,638
  • Pest Control $319
  • Professional Management Expense $3,108
  • Water Sewer Expense $625
  • New Taxes Expense $3,636
  • Operating Expense $11,041
  • Gross Income $51,359
  • Net Operating Income $51,359

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,631

Year Built

Built in 2015

Lot Details

0

Parking

3

Listing Details

  • Professional Management Expense: 3108.00
  • Property Attached: No
  • Water Sewer Expenses: 625.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Gardener Expense: 715.00
  • Parcel Number: 5104008031
  • Year Built: 2015
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 221.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, In Garage
  • Pest Control Expense: 319.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5401.00
  • Lot Size Acres: 0.1240

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 51359.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 2638.00
  • Lot Size Area: 5401.0000 Square Feet
  • Net Operating Income: 51359.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 11041.00
  • Rent Control: No
  • Total Expenses: 11041.00

Tax Info

  • New Taxes Expense: 3636.00
  • Tax Census Tract: 2287.20
  • Tax Lot: 57
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2019
Closed on
Mar 13, 2019
Sold by
Clearinghouse Crec Llc
Bought by
Lei Wen Huan
Seller's Agent
Monica Diaz-Campbell
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
Jindy Chen
Kingston Realty
List Price
$778,000
Sold Price
$775,000
Premium/Discount to List
-$3,000
-0.39%
Current Estimated Value
$1,173,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,355
Avg. Annual Appreciation
6.59%
Original Mortgage
$580,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2015
Sold by
Ocean Development Inc
Bought by
Clearinghouse Crec Sub 1 Llc

Purchase Details

Closed on
Apr 30, 2014
Sold by
Jones Otha
Bought by
Ocean Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.38%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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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
Lei Wen Huan $775,000 Chicago Title Company
Clearinghouse Crec Sub 1 Llc $2,320,000 Lawyers Title
Ocean Development Inc $150,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lei Wen Huan $580,000
Previous Owner Ocean Development Inc $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2019 05/01/19 Sold $775,000 -0.4% $221 / Sq Ft
03/04/2019 03/04/19 Pending -- -- --
01/21/2019 01/21/19 For Sale $778,000 -- $222 / 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 $10,631 $864,522 $446,205 $418,317
2024 $10,631 $847,571 $437,456 $410,115
2023 $10,429 $830,953 $428,879 $402,074
2022 $9,949 $814,661 $420,470 $394,191
2021 $9,864 $798,688 $412,226 $386,462
2019 $7,536 $624,883 $210,089 $414,794
2018 $7,438 $612,631 $205,970 $406,661
2016 $7,125 $588,844 $197,973 $390,871
2015 $1,967 $152,996 $122,397 $30,599
2014 -- $17,552 $12,374 $5,178
Source: Public Records

Agents Affiliated with this Home

  • Monica Diaz-Campbell

    Seller's Agent in 2019

    Monica Diaz-Campbell

    EXP REALTY OF CALIFORNIA INC

    (626) 890-7187

    27 Total Sales

    Monica Diaz-Campbell
    Section Image

  • J

    Buyer's Agent in 2019

    Jindy Chen

    Kingston Realty

    (626) 715-9988

    10 Total Sales

    Jindy Chen
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19016417

California Regional Multiple Listing Service (CRMLS)

APN: 5104-008-031

California Los Angeles County Los Angeles 90011 Central Alameda

1419 E 53rd St, Los Angeles, CA

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