NOT LISTED FOR SALE

1419 S Sierra Bonita Ave Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,271,000 - $2,581,000

6 Beds
6 Baths
3,860 Sq Ft
$510/Sq Ft Est. Value

Last Sold November 20, 2023

Last sale price $2,375,000 $615 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $13,131/month

93 Days on Market

Highlights

  • New Construction
  • Central Heating and Cooling System
  • Vinyl Flooring
  • Laundry Room
  • East Facing Home
  • Gas Fireplace

About This Home

As of November 2023

Brand new TJH masterpiece available! 2021 construction farmhouse style duplex in the Picfair Village area of Mid Cities is truly remarkable! The duplex features two 3 bedroom / 2.5 bathroom townhome units. Both units are rented on lease terms until 2024 and provide strong and stable rental income. Offered at a 5.32% cap rate and at $641/ft, this opportunity is perfect for a seasoned investor. The units offer top of the line finishes throughout and there was no stone unturned during construction. Throughout units, you will find wide plank vinyl flooring, recessed lighting, polished chrome plumbing, white shaker cabinets and white quartz countertops. The kitchen features brand new stainless steel appliances, including a Bertazzoni gas range and Frigidaire refrigerator, dishwasher and microwave. Each unit also includes a 2 car garage and 1 outdoor space. Each unit also enjoys in-unit laundry. Tenants pay all utilities! Located in Picfair Village, the property is in close proximity to all the major employment hubs LA has to offer!

Last Agent to Sell the Property

John Katnik

BRC Advisors- BH License #02002695 Listed on: 07/19/2023

BRC Advisors- BH

Last Buyer's Agent

Shawn Kahroba

Shahin Kahroba License #01970345

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,855

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 5,986 Sq Ft Lot
  • East Facing Home

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Interior Spaces

  • 3,860 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Vinyl Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Community Details

  • 2 Units
  • Built by Thomas James Homes

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV, water, hot water, trash collection
  • The owner pays for gardener
  • Assessor Parcel Number 5069-019-031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,855

Year Built

Built in 2021 | New Construction

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Builder Name: Thomas James Homes
  • Living Area: 3860
  • Lot Acreage: 0.1374
  • Property Condition: New Construction
  • Stories: 2
  • Year Built: 2021
  • Number Of Photos: 37
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Gas
  • Flooring: Vinyl
  • Bedrooms: 6
  • Common Walls: Attached
  • Laundry: In Unit, Laundry Area
  • Laundry Equipment: Own
  • Total Bathrooms: 6.00
  • Equipment: Dishwasher, Dryer, Washer, Refrigerator, Range/Oven, Garbage Disposal, Microwave
  • Price Per S Q F T: 641.19

Exterior Features

  • Direction Faces: East
  • Other Structures: None
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 2
  • Parking Garage: Garage Is Attached
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 33.47
  • Assessed Improvement Value: 408000
  • Assessed Land Percent: 66.53
  • Assessed Land Value: 810900
  • Total Assessed Value: 1218900
  • Assessor Parcel Number: 5069-019-031
  • Lot Size Area: 5986

Rental Info

  • Owner Pays: Gardener
  • Rent Control: No
  • Tenant Pays: Gas, Electricity, Cable TV, Water, Hot Water, Trash Collection

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.45
  • Number Of Units: 2
  • Total Annual Expense: 36088
  • Type Of Units: 3 bedrooms
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2022
Sold by
Btr La21g Llc
Bought by
Btr Ewb Llc
Current Estimated Value
$1,968,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,559,100
Outstanding Balance
$1,494,257
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$498,678

Purchase Details

Closed on
Dec 30, 2020
Sold by
La19g Llc
Bought by
Btr La21g Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,540,700
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 9, 2019
Sold by
Mesherry Mac
Bought by
La19g Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,670,450
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 6, 2019
Closed on
Jun 20, 2019
Sold by
Rlt Mcneil Carol J and Rlt Earl Washington Wiley
Bought by
Mcsherry Mac
Seller's Agent
DEBORAH EARLE
DME Investment & Realty Co.
Buyer's Agent
DEBORAH EARLE
DME Investment & Realty Co.
List Price
$900,000
Sold Price
$883,000
Premium/Discount to List
-$17,000
-1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.25%
Original Mortgage
$820,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2017
Sold by
Wiley Jean
Bought by
Williams Cassandra and The Jean Wiley Protective Trust

Purchase Details

Closed on
Dec 14, 1999
Sold by
Wiley Earl
Bought by
Wiley Earl and Wiley Robert
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
Btr Ewb Llc -- --
Btr La21g Llc $599,500 Lawyers Title Company
La19g Llc $965,000 First American Title
Mcsherry Mac $883,000 Stewart Title
Williams Cassandra -- None Available
Wiley Earl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Btr Ewb Llc $1,559,100
Previous Owner Btr La21g Llc $1,540,700
Previous Owner La19g Llc $1,670,450
Previous Owner Mcsherry Mac $820,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2023 11/20/23 Sold $2,375,000 -4.0% $615 / Sq Ft
10/20/2023 10/20/23 Pending -- -- --
07/19/2023 07/19/23 For Sale $2,475,000 0.0% $641 / Sq Ft
04/10/2022 04/10/22 Rented $6,995 0.0% --
03/21/2022 03/21/22 Under Contract -- -- --
03/03/2022 03/03/22 For Rent $6,995 0.0% --
12/20/2019 12/20/19 Sold $965,000 -3.0% $550 / Sq Ft
11/20/2019 11/20/19 Pending -- -- --
10/18/2019 10/18/19 For Sale $995,000 0.0% $567 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
09/07/2019 09/07/19 Price Changed $995,000 -13.4% $567 / Sq Ft
08/31/2019 08/31/19 Price Changed $1,149,000 -4.2% $655 / Sq Ft
08/18/2019 08/18/19 Price Changed $1,199,000 -7.8% $683 / Sq Ft
08/14/2019 08/14/19 For Sale $1,300,000 +47.2% $741 / Sq Ft
07/15/2019 07/15/19 Sold $883,000 -1.9% $503 / Sq Ft
03/06/2019 03/06/19 For Sale $900,000 -- $513 / Sq Ft
Source: The MLS

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 $28,855 $2,422,500 $1,453,500 $969,000
2024 $28,855 $2,375,000 $1,425,000 $950,000
2023 $15,278 $1,243,278 $827,118 $416,160
2022 $14,572 $1,218,900 $810,900 $408,000
2021 $14,393 $1,195,000 $795,000 $400,000
2020 $11,928 $965,000 $675,000 $290,000
2019 $6,246 $502,405 $372,777 $129,628
2018 $6,136 $492,555 $365,468 $127,087
2016 $5,861 $473,430 $351,277 $122,153
2015 $5,777 $466,320 $346,001 $120,319
2014 $5,809 $457,187 $339,224 $117,963
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-289227

The MLS

APN: 5069-019-031