B
Seller's Agent in 2023
Benjamin Shamouelian
Exclusive Realty Inc
(310) 441-0111
4 in this area
15 Total Sales
1435 E 48th Place Los Angeles, CA 90011
Central Alameda NeighborhoodEstimated Value: $1,087,000 - $1,372,068
10
Beds
7
Baths
3,034
Sq Ft
$402/Sq Ft
Est. Value
Highlights
- Breakfast Area or Nook
- Living Room
- Family Room on Second Floor
- Balcony
- Tile Flooring
- Gated Home
About This Home
As of June 2023This property has the highest current income return rate of any property that I have seen on the market or off market in Los Angeles County. Three Unit Residential Income Property 7.2% Cap.. Great Investment & also for 1031-Exchange. Great Cash Flow. $10,400 gross monthly rents received currently. Originally was a duplex 2304 sq.ft. total. Front unit is a single story home originally built 1906. Back building originally built in 2001 is two stories with two units. Sellers converted the 4 car garage in the lower back building to an appr. 730 sq.ft. 3 bedroom/2 bathroom brand new ADU permitted unit. Two separate buildings. Front building is a 3 bedroom/2 bath home receiving $3650 rent per month. Back building upper townhouse unit was built in 2001. It's a 4 bedroom/3 bathroom unit receiving $3850 rent per month. The ADU unit rent is $2900 per month. Owner has done renovations to existing units as well. Property will be delivered with tenants in place. Prime Location! Located on a residential tree lined street and less than 7 min. away from the new shopping center on Slauson Ave. and walking distance to the metro, public transportation. Central Alameda Neighborhood.
Last Agent to Sell the Property
Exclusive Realty Inc License #01703755 Listed on: 04/21/2023
Last Buyer's Agent
Armen Arakelyan
License #02137229
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1906
Lot Details
- 5,000 Sq Ft Lot
- Lot Dimensions are 40x125
- Gated Home
Interior Spaces
- 3,034 Sq Ft Home
- 1-Story Property
- Family Room on Second Floor
- Living Room
- Gas And Electric Dryer Hookup
Kitchen
- Breakfast Area or Nook
- Oven or Range
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- 7 Bathrooms
Parking
- Carport
- Assigned Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
Additional Features
- Balcony
- Accessory Dwelling Unit (ADU)
Community Details
- 2 Buildings
- 3 Units
Listing and Financial Details
- Tenant pays for gas, electricity, cable TV
- The owner pays for gardener, water
- Assessor Parcel Number 5107-022-016
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 21, 2023
Closed on
Jun 6, 2023
Sold by
48Th Place Llc
Bought by
Brown Sophia
Seller's Agent
Benjamin Shamouelian
Exclusive Realty Inc
Buyer's Agent
Armen Arakelyan
List Price
$1,299,000
Sold Price
$1,299,000
Views
65
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$79,733
Avg. Annual Appreciation
-2.42%
Original Mortgage
$974,250
Outstanding Balance
$946,962
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$272,305
Purchase Details
Listed on
Apr 21, 2023
Closed on
May 10, 2023
Sold by
Soumekh Rachel and Soumekh Michael
Bought by
48Th Place Llc
Seller's Agent
Benjamin Shamouelian
Exclusive Realty Inc
Buyer's Agent
Armen Arakelyan
List Price
$1,299,000
Sold Price
$1,299,000
Views
65
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$974,250
Outstanding Balance
$946,962
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$272,305
Purchase Details
Listed on
Mar 16, 2022
Closed on
Mar 25, 2022
Sold by
Equity Pro Llc
Bought by
Soumekh Rachel and Soumekh Michael
Seller's Agent
Josephine San Lucas
KELLER WILLIAMS LARCHMONT
Buyer's Agent
Benjamin Shamouelian
Exclusive Realty Inc
List Price
$699,000
Sold Price
$726,000
Premium/Discount to List
$27,000
3.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.59%
Original Mortgage
$542,500
Interest Rate
6.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 17, 2019
Sold by
Ceja Dalila and Valencia Elias
Bought by
Valencia Elias and Ceja Dalila
Purchase Details
Closed on
Sep 14, 1999
Sold by
Valencia Elias
Bought by
Valencia Elias and Ceja Dalila
Purchase Details
Closed on
Feb 25, 1999
Sold by
Hud
Bought by
Western Development For Affordable Housi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,210
Interest Rate
6.91%
Purchase Details
Closed on
Nov 11, 1998
Sold by
Norwest Mtg Inc
Bought by
Hud
Purchase Details
Closed on
Jun 16, 1998
Sold by
Amador Jorge M and Garcia Alicia
Bought by
Norwest Mtg Inc
Purchase Details
Closed on
Dec 10, 1993
Sold by
First Team Development Co Inc
Bought by
Amador Jorge Mejia and Garcia Alicia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,910
Interest Rate
7.19%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 11, 1993
Sold by
Thomas Ruby
Bought by
First Team Development Co Inc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Brown Sophia | $1,299,000 | Old Republic Title Company | |
| 48Th Place Llc | -- | None Listed On Document | |
| Soumekh Rachel | $726,000 | Provident Title | |
| Valencia Elias | -- | None Available | |
| Valencia Elias | -- | -- | |
| Western Development For Affordable Housi | $47,000 | Provident Title | |
| Hud | -- | Fidelity National Title Ins | |
| Norwest Mtg Inc | $104,612 | Fidelity National Title | |
| Amador Jorge Mejia | $100,000 | Southland Title | |
| First Team Development Co Inc | $84,500 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Brown Sophia | $974,250 | |
| Previous Owner | Soumekh Rachel | $542,500 | |
| Previous Owner | Western Development For Affordable Housi | $58,210 | |
| Previous Owner | Amador Jorge Mejia | $99,910 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/21/2023 06/21/23 | Sold | $1,299,000 | 0.0% | $428 / Sq Ft | |
| 05/09/2023 05/09/23 | Pending | -- | -- | -- | |
| 04/21/2023 04/21/23 | For Sale | $1,299,000 | +78.9% | $428 / Sq Ft | |
| 05/02/2022 05/02/22 | Sold | $726,000 | +3.9% | $315 / Sq Ft | View Prior Sale |
| 04/21/2022 04/21/22 | For Sale | $699,000 | 0.0% | $303 / Sq Ft | |
| 03/24/2022 03/24/22 | Pending | -- | -- | -- | |
| 03/16/2022 03/16/22 | For Sale | $699,000 | -- | $303 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $16,352 | $1,351,479 | $728,280 | $623,199 |
| 2024 | $16,352 | $1,324,980 | $714,000 | $610,980 |
| 2023 | $9,245 | $740,520 | $510,000 | $230,520 |
| 2022 | $7,490 | $612,000 | $433,500 | $178,500 |
| 2021 | $3,226 | $245,645 | $72,407 | $173,238 |
| 2020 | $3,253 | $243,127 | $71,665 | $171,462 |
| 2019 | $3,134 | $238,360 | $70,260 | $168,100 |
| 2018 | $3,054 | $233,687 | $68,883 | $164,804 |
| 2016 | $2,898 | $224,614 | $66,209 | $158,405 |
| 2015 | $2,858 | $221,241 | $65,215 | $156,026 |
| 2014 | $2,880 | $216,908 | $63,938 | $152,970 |
Source: Public Records
Agents Affiliated with this Home
-
Benjamin Shamouelian
-
A
Buyer's Agent in 2023
Armen Arakelyan
-
Josephine San Lucas
Seller's Agent in 2022
Josephine San Lucas
KELLER WILLIAMS LARCHMONT
(562) 843-8748
1 in this area
72 Total Sales
Map
Source: The MLS
MLS Number: 23-262461
APN: 5107-022-016
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