NOT LISTED FOR SALE

1451 E 53rd St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $721,953 - $782,000

8 Beds
4 Baths
3,108 Sq Ft
$244/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $685,000 $220 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,715/month

147 Days on Market

Highlights

  • Laundry Room
  • Front Yard
  • 1-minute walk to Slauson Senior Multipurpose Recreation Center

About This Home

As of August 2023

1451 E. 53rd Ave, Los Angeles is a 1963 constructed 4-unit building of all 2-bed/ 1-bath units. The property is a fixer-upper but has significant upside potential and value-add opportunity for an investor. Great unit mix with all 2-bed/1-bath units. Each unit has it's own laundry connections. The current market rent for a 2-bed/1-bath apartment in this area is approx $2,200/month and the maximum Section 8 Voucher for a 2-bedroom in Los Angeles is $2,666. The property has a long driveway with four uncovered parking spaces in the rear. The property also has the potential to build a detached ADU by right (buyer to verify). This property offers a great opportunity to realize substantial growth and increased cash flow over time.

Last Agent to Sell the Property

Megan Edner

Edner & Associates Real Estate Services License #01437099 Listed on: 03/28/2023

Last Buyer's Agent

miriam carter

Berkshire Hathaway HomeServices California Properties License #01158179

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,602

Year Built

  • Built in 1964

Lot Details

  • 5,403 Sq Ft Lot
  • No Common Walls
  • Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • 3,108 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 50
  • Tax Tract Number 228
  • Assessor Parcel Number 5104008025
  • $4,602 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $654
  • Insurance Expense $3,500
  • Water Sewer Expense $2,352
  • Operating Expense $9,000
  • Gross Income $42,504
  • Net Operating Income $33,504

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,602

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 2352.00
  • Zoning: LAR2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5104008025
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 220.40

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 5403.00
  • Lot Size Acres: 0.1240

Multi Family

  • Electric Expense: 654.00
  • Gross Income: 42504.00
  • Gross Scheduled Income: 42504.00
  • Gross Spendable Income: 42504.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 5403.0000 Square Feet
  • Net Operating Income: 33504.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 9000.00
  • Rent Control: Yes
  • Total Expenses: 9000.00

Tax Info

  • Tax Census Tract: 2287.20
  • Tax Lot: 50
  • Tax Tract Number: 228...
  • Tax Annual Amount: 4602.00
  • TaxOtherAnnualAssessmentAmount: 4602.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2023
Closed on
Aug 23, 2023
Sold by
Chan Peter Kam
Bought by
Juarez Gerardo
Seller's Agent
Megan Edner
Edner & Associates Real Estate Services
Buyer's Agent
miriam carter
Berkshire Hathaway HomeServices California Properties
List Price
$728,000
Sold Price
$685,000
Premium/Discount to List
-$43,000
-5.91%
Views
185
Current Estimated Value
$757,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,988
Avg. Annual Appreciation
4.75%

Purchase Details

Listed on
Mar 28, 2023
Closed on
Aug 22, 2023
Sold by
Ramos Alma
Bought by
Juarez Gerardo
Seller's Agent
Megan Edner
Edner & Associates Real Estate Services
Buyer's Agent
miriam carter
Berkshire Hathaway HomeServices California Properties
List Price
$728,000
Sold Price
$685,000
Premium/Discount to List
-$43,000
-5.91%
Views
185

Purchase Details

Closed on
Aug 31, 2009
Sold by
Bank Of America National Association
Bought by
Chan Peter Kam

Purchase Details

Closed on
Mar 5, 2009
Sold by
Cordero Jaime G
Bought by
Bank Of America National Association

Purchase Details

Closed on
Oct 4, 2006
Sold by
Espinoza Hermas A and Espinoza Dilma T
Bought by
Cordero Jaime G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$569,500
Interest Rate
8.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2005
Sold by
Ron Cooper Family Partnership
Bought by
Espinoza Hermas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.89%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 18, 2004
Sold by
Cooper Ron
Bought by
Cooper Ron and The Cooper Living 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
Juarez Gerardo $685,000 Wfg National Title
Juarez Gerardo -- Wfg National Title
Chan Peter Kam $289,000 Fatcola
Bank Of America National Association $335,000 Accommodation
Cordero Jaime G $670,000 Fidelity National Title
Espinoza Hermas A $500,000 Gateway Title
Cooper Ron -- --
Ron Cooper Family Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cordero Jaime G $569,500
Previous Owner Espinoza Hermas A $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2023 08/25/23 Sold $685,000 0.0% $220 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
07/03/2023 07/03/23 Pending -- -- --
07/03/2023 07/03/23 Off Market $685,000 -- --
06/08/2023 06/08/23 Price Changed $728,000 0.0% $234 / Sq Ft
06/08/2023 06/08/23 For Sale $728,000 +4.6% $234 / Sq Ft
04/10/2023 04/10/23 Pending -- -- --
03/28/2023 03/28/23 For Sale $695,900 -- $224 / 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 $8,731 $698,700 $612,000 $86,700
2024 $8,731 $685,000 $600,000 $85,000
2023 $4,813 $358,550 $99,251 $259,299
2022 $4,602 $351,520 $97,305 $254,215
2021 $4,532 $344,629 $95,398 $249,231
2019 $4,404 $334,409 $92,569 $241,840
2018 $4,298 $327,853 $90,754 $237,099
2016 $4,082 $315,124 $87,231 $227,893
2015 $4,027 $310,391 $85,921 $224,470
2014 $4,065 $304,311 $84,238 $220,073
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Megan Edner

    Edner & Associates Real Estate Services

    (562) 622-1888

    1 in this area

    5 Total Sales

    Megan Edner
    Section Image
  • miriam carter

    Buyer's Agent in 2023

    miriam carter

    Berkshire Hathaway HomeServices California Properties

    (213) 393-9923

    1 in this area

    43 Total Sales

    miriam carter
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23050630

California Regional Multiple Listing Service (CRMLS)

APN: 5104-008-025

California Los Angeles County Los Angeles 90011 Central Alameda

1451 E 53rd St, 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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