NOT LISTED FOR SALE

1420 N Avenue 51 Los Angeles, CA 90042

Estimated Value: $1,176,000 - $1,620,000

4 Beds
4 Baths
1,587 Sq Ft
$930/Sq Ft Est. Value

Last Sold June 27, 2017

Last sale price $1,000,000 $630 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $8,927/month

9 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Recessed Lighting
  • Wood Flooring
  • Double Pane Windows
  • 4-minute walk to York Park

About This Home

As of June 2017

Highland Park! This Duplex Is Exempt from Rent Control! One block from York Boulevard's finest Restaurants, Cafes, Bars, Shops and entertainment. Each unit has its own 2 car garage and 2 parking spaces in the driveway so 4 total parking spaces PER UNIT!.. The photos don't do this home justice! Taken down to the studs, this property was extensively renovated & designed with top quality materials. Farmhouse sink, caesar-stone countertops, Maple Kitchen Cabinets, Designer Faucets, wide plank oak floors throughout, Cement Tile shop bathroom floors, custom handmade light fixtures from Etsy, handmade wood vanities, trendy subway tile patterns, brand new plumbing, electrical, and energy efficient Heating and Air conditioning, New dual pane energy efficient windows, New tank-less water heaters, energy efficient stainless steel appliances including dishwasher, refrigerator, and oven range. It has it all... Units are almost identical in floor plan and have the same materials and finishes. DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Grace Fogg Miranda

Keller Williams Realty World Media Center License #01275725 Listed on: 03/29/2017

Keller Williams Realty World Media Center

Last Buyer's Agent

Grace Fogg Miranda

Keller Williams Realty World Media Center License #01275725 Listed on: 03/29/2017

Keller Williams Realty World Media Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,968

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 5,200 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Traditional Architecture
  • Property Attached
  • Turnkey

Interior Spaces

  • 1,587 Sq Ft Home
  • Recessed Lighting
  • Double Pane Windows

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 76
  • Assessor Parcel Number 5479028016

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $13,750
  • Net Operating Income $54,530

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,968

Year Built

Built in 1922 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.50
  • Property Attached: Yes
  • Zoning: LAR1
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5479028016
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Recessed Lighting
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 630.12
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Appliances: Dishwasher, Free-Standing Range, Microwave, Refrigerator
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5200.00

Multi Family

  • Gross Multiplier: 14.60
  • Gross Scheduled Income: 68280.00
  • Net Operating Income: 54530.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 13750.00
  • Rent Control: No
  • Total Expenses: 13750.00

Tax Info

  • Tax Census Tract: 1833.00
  • Tax Lot: 76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2016
Sold by
Muniz Raul P
Bought by
Miranda Matthew Lucas and Miranda Amber Rae
Current Estimated Value
$1,475,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2013
Sold by
Muniz Raul P
Bought by
Muniz Raul P and Muniz Rosa Medrano

Purchase Details

Closed on
Nov 15, 2000
Sold by
Minton Elisabeth A
Bought by
Muniz Raul P and Muniz Rosa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,800
Interest Rate
7.71%

Purchase Details

Closed on
Jan 24, 2000
Sold by
Minton Robert
Bought by
Minton Elisabeth A and Lize Trust
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
Miranda Matthew Lucas $630,000 Pacific Coast
Muniz Raul P -- None Available
Muniz Raul P $184,000 Lawyers Title Company
Minton Elisabeth A $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miranda Matthew Lucas $472,500
Previous Owner Muniz Raul P $174,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2017 06/27/17 Sold $1,000,000 0.0% $630 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
03/29/2017 03/29/17 For Sale $1,000,000 +53.8% $630 / Sq Ft
07/08/2016 07/08/16 Sold $650,000 +4.0% $410 / Sq Ft View Prior Sale
05/07/2016 05/07/16 Pending -- -- --
04/07/2016 04/07/16 For Sale $625,000 -- $394 / 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 $13,968 $1,160,580 $812,407 $348,173
2024 $13,968 $1,137,825 $796,478 $341,347
2023 $13,697 $1,115,515 $780,861 $334,654
2022 $13,059 $1,093,643 $765,550 $328,093
2021 $12,901 $1,072,200 $750,540 $321,660
2019 $12,514 $1,040,400 $728,280 $312,120
2018 $12,377 $1,020,000 $714,000 $306,000
2016 $2,941 $234,201 $170,563 $63,638
2015 $2,900 $230,684 $168,001 $62,683
2014 $2,922 $226,167 $164,711 $61,456
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB17065902

California Regional Multiple Listing Service (CRMLS)

APN: 5479-028-016