NOT LISTED FOR SALE

1493 W 47th St Unit 1 Los Angeles, CA 90062

Vermont Square Neighborhood

Estimated Value: $991,000 - $1,390,000

5 Beds
4 Baths
2,576 Sq Ft
$441/Sq Ft Est. Value

Last Sold September 10, 2019

Last sale price $819,000 $318 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $6,954/month

69 Days on Market

About This Home

As of September 2019

TWO BEAUTIFUL VACANT HOUSES ON A LOT!! The front home (1,676 sq ft, MARKET RENT approx $3,000/Month) is a 3/1 3/4 bath craftsman style home with hardwood floor throughout, new roof, electrical, plumbing systems, dual pane new windows, completely remodeled kitchen and bathrooms, living rm w/ fp, large formal dining w/ large breakfast area, nice floor plan. The second home (Address is 1491) is a brand NEW CONSTRUCTION, ADU (895 sq ft), 2 bedrooms, 2 full baths with kitchen, living room, dining area, and laundry room. Perfect for some looking for some extra rental income (MARKET RENT approx $2,500.00) or have extended family or friends live in the back house. The back house has its own address and separate gas meter. Both homes have forced heating and air. PRIME LOCATION FOR COMMUTERS TO DTLA, USC, AND ACCESS TO METRO LINE!! Do not miss this great opportunity to own this very unique piece of property.

Last Agent to Sell the Property

Ken Smith

Kenneth E. Smith License #01010365 Listed on: 07/03/2019

Last Buyer's Agent

Vanetta Lockridge

Crown Real Estate & Funding, Inc. License #01293536

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,932

Year Built

  • Built in 1912

Lot Details

  • 5,717

Parking

  • Driveway

Interior Spaces

  • 2,576 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • 5,717 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5016-012-019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,932

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2576
  • Stories: 1
  • Year Built: 1912
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 317.93

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 24145
  • Assessed Land Value: 76577
  • Assessor Parcel Number: 5016-012-019
  • Geocode Override: No
  • Lot Size Area: 5717

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 8.25
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Two Houses
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2021
Sold by
Oliver Elbert and Oliver Cheryl
Bought by
Oliver Family Revocable Trust and Macon-Oliver
Current Estimated Value
$1,135,331

Purchase Details

Listed on
Jul 3, 2019
Closed on
Aug 14, 2019
Sold by
Ken Smith & Assc Re & Fincl Svcs Inc
Bought by
Oliver Elbert and Macon Oliver Cheryl
Seller's Agent
Ken Smith
Kenneth E. Smith
Buyer's Agent
Vanetta Lockridge
Crown Real Estate & Funding, Inc.
List Price
$799,900
Sold Price
$819,000
Premium/Discount to List
$19,100
2.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.52%
Original Mortgage
$822,145
Interest Rate
3.7%
Mortgage Type
VA

Purchase Details

Closed on
Oct 30, 2018
Sold by
Rhema 12 Llc
Bought by
Ken Smith & Associates Real Estate And F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
4.7%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 12, 2018
Sold by
Jennels Gwendolyn W and The Louis Addison Revocable Li
Bought by
Rhema 12 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
4.7%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 3, 2014
Sold by
Addison Louis
Bought by
The Louis Addison Revocable Living Trust

Purchase Details

Closed on
Aug 9, 2000
Sold by
Addison Louis and Addison Marie P
Bought by
Addison Louis and Addison Marie Pope

Purchase Details

Closed on
Dec 15, 1998
Sold by
Echols Yolanda
Bought by
Addison Louis and Addison Marie

Purchase Details

Closed on
Oct 8, 1996
Sold by
Parker Faye L
Bought by
Parker Faye Louise and Echols Yolanda C

Purchase Details

Closed on
Nov 15, 1994
Sold by
Addison Louis
Bought by
Addison Louis and Addison Marie Pope
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
Oliver Family Revocable Trust -- None Listed On Document
Oliver Elbert $819,000 Lawyers Title
Ken Smith & Associates Real Estate And F $74,000 Lawyers Title
Rhema 12 Llc $425,000 Lawyers Title
The Louis Addison Revocable Living Trust -- None Available
Addison Louis -- --
Addison Louis -- --
Parker Faye Louise -- --
Addison Louis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oliver Elbert $822,145
Previous Owner Rhema 12 Llc $396,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2019 09/10/19 Sold $819,000 0.0% $318 / Sq Ft
07/23/2019 07/23/19 Price Changed $819,000 +2.4% $318 / Sq Ft
07/03/2019 07/03/19 For Sale $799,900 -- $311 / 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 $10,932 $895,691 $485,576 $410,115
2024 $10,932 $878,129 $476,055 $402,074
2023 $10,727 $860,912 $466,721 $394,191
2022 $10,237 $844,032 $457,570 $386,462
2021 $10,102 $827,484 $448,599 $378,885
2020 $10,203 $819,000 $444,000 $375,000
2019 $5,728 $425,000 $300,000 $125,000
2018 $1,368 $102,735 $78,108 $24,627
2016 $1,292 $98,748 $75,076 $23,672
2015 $1,274 $97,266 $73,949 $23,317
2014 $1,288 $95,362 $72,501 $22,861
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Ken Smith

    Kenneth E. Smith

    (310) 621-5659

    2 Total Sales

    Ken Smith
    Section Image

  • V

    Buyer's Agent in 2019

    Vanetta Lockridge

    Crown Real Estate & Funding, Inc.

    (310) 271-2229

    1 Total Sale

    Vanetta Lockridge
    Section Image
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Map

Source: The MLS

MLS Number: 19-485074

The MLS

APN: 5016-012-019

California Los Angeles County Los Angeles 90062 Vermont Square

1493 W 47th St Unit 1, Los Angeles, CA

This home is located at 1493 W 47th St Unit 1, Los Angeles, CA 90062 since 03 July 2019 and is currently estimated at $1,135,331, approximately $440 per square foot. This property was built in 1912. 1493 W 47th St Unit 1 is a home located in Los Angeles County with nearby schools including Normandie Avenue Elementary School, Barack Obama Global Preparation Academy, and Manual Arts Senior High School.

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