NOT LISTED FOR SALE

1502 S Westmoreland Ave Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $1,201,000 - $1,479,316

7 Beds
3 Baths
3,311 Sq Ft
$416/Sq Ft Est. Value

Last Sold May 29, 2020

Last sale price $900,000 $272 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $8,506/month

Highlights

  • Wood Flooring
  • No HOA
  • Front Porch
  • Lawn
  • Balcony
  • Bay Window

About This Home

As of May 2020

This quintessential American Craftsman Duplex is nestled on a street-to-street lot. It is located in Pico-Union district and is priced for its present condition and is the lowest offering in the neighborhood. You can also take advantage of its extremely high Walk Score of 91; Meaning daily errands will not require a vehicle. THE MAIN TWO STORY HOUSE, with its Great Bones, offers a multitude of possibilities and features the signature covered front porch and many other classic period architectural elements. 2,672 square feet of living space. The living room is bathed in natural light from a host of windows and is accented by a raised hearth brick fireplace with mantle, built-in bookcases and hardwood floors. All 6 bedrooms have hardwood flooring and large picture windows. 2 bathrooms. The kitchen offers octagonal tiled counters and vinyl flooring. Large family room with hardwood floors. Functionally located laundry room. THE SECOND STRUCTURE FEATURES: 639 square feet of living space. 1 bedroom. 1 bathroom. The property is only minutes away from the LA Memorial Coliseum, LA Convention Center, University of Southern California, LA Live, Staples Center, museums, shopping, restaurants and freeway access. Call now for all the details.

Last Agent to Sell the Property

Jim Sandoval

Park Regency Realty License #01726729 Listed on: 02/21/2020

Park Regency Realty

Last Buyer's Agent

Colin Lee

Won Suk Kim Real Estate, Inc. License #02088568

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,686

Year Built

  • Built in 1905

Lot Details

  • 6,791 Sq Ft Lot
  • No Common Walls
  • Lawn
  • Front Yard

Home Design

  • Duplex
  • Major Repairs Completed
  • Fixer Upper

Interior Spaces

  • 3,311 Sq Ft Home
  • Bay Window
  • Living Room with Fireplace
  • Family or Dining Combination
  • Storage
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Tile Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms | 2 Main Level Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting
  • Front Porch

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Legal Lot and Block 16 / A
  • Assessor Parcel Number 5056003019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • Electric Expense $0
  • Fuel Expense $0
  • Insurance Expense $0
  • Trash Expense $0
  • Water Sewer Expense $0
  • New Taxes Expense $0
  • Operating Expense $0
  • Gross Income $0
  • Net Operating Income $0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,686

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 0.01
  • Zoning: LARD1.5
  • Property Condition: Fixer, Repairs Major
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5056003019
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3311.00 Square Feet
  • Interior Amenities: Balcony, Storage, Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 7
  • Eating Area: In Family Room, Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 271.82
  • Room Type: Family Room, Kitchen, Laundry, Living Room, Master Bedroom
  • Window Features: Bay Window(s)
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Walk-In Shower
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Front Porch
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 0.01
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Lot 6500-9999
  • Lot Size Sq Ft: 6791.00
  • Lot Size Acres: 0.1559

Multi Family

  • Electric Expense: 0.01
  • Fuel Expense: 0.01
  • Gross Income: 0.01
  • Insurance Expense: 0.01
  • Lease Considered: No
  • Lot Size Area: 6791.0000 Square Feet
  • Net Operating Income: 0.01
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 0.01
  • Rent Control: Yes
  • Total Actual Rent: 1100.00
  • Total Expenses: 0.01

Tax Info

  • New Taxes Expense: 0.01
  • Tax Block: A
  • Tax Census Tract: 2211.10
  • Tax Lot: 16
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2021
Sold by
Lee Michelle Heeyun
Bought by
Ewa Capital Llc
Current Estimated Value
$1,378,829

Purchase Details

Closed on
Aug 6, 2020
Sold by
Ewa Capital Llc
Bought by
Ewa Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 21, 2020
Closed on
Apr 9, 2020
Sold by
Rico Ricardo and Blustajn Nelly Rico
Bought by
Ewa Capital Llc
Seller's Agent
Jim Sandoval
Park Regency Realty
Buyer's Agent
Colin Lee
Won Suk Kim Real Estate, Inc.
List Price
$774,999
Sold Price
$900,000
Premium/Discount to List
$125,001
16.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%
Original Mortgage
$300,000
Interest Rate
3.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 23, 2020
Sold by
Rico Nelis
Bought by
Rico Ricardo and Blustajn Nelly Rico

Purchase Details

Closed on
Jan 17, 2019
Sold by
Rico Nelis
Bought by
Rico Nelis and The Nelis Rico 2019 Trust

Purchase Details

Closed on
Jun 26, 1998
Sold by
Hayward Alan T and Anna E Ohm Trust
Bought by
Nelis Rico Ricardo and Nelis Rico

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
6.95%

Purchase Details

Closed on
Jan 27, 1997
Sold by
Ohm Anna E
Bought by
Hayward Alan T and Anna E Ohm 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
Ewa Capital Llc -- Accommodation
Ewa Capital Llc -- Accommodation
Ewa Capital Llc $900,000 Lawyers Title
Rico Ricardo -- None Available
Rico Nelis -- None Available
Rico Nelis -- None Available
Nelis Rico Ricardo $100,000 Lawyers Title
Hayward Alan T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ewa Capital Llc $500,000
Open Ewa Capital Llc $900,000
Previous Owner Ewa Capital Llc $200,000
Previous Owner Ewa Capital Llc $300,000
Previous Owner Ewa Capital Llc $925,000
Previous Owner Rico Ricardo $85,000
Previous Owner Rico Nelis $50,000
Previous Owner Rico Ricardo $93,493
Previous Owner Rico Ricardo $97,177
Previous Owner Nelis Rico Richard $97,000
Previous Owner Nelis Rico Ricardo $97,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2020 05/29/20 Sold $900,000 0.0% $272 / Sq Ft
03/06/2020 03/06/20 Pending -- -- --
03/02/2020 03/02/20 Off Market $900,000 -- --
02/21/2020 02/21/20 For Sale $774,999 -- $234 / 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 $14,686 $1,208,451 $860,317 $348,134
2024 $14,686 $1,184,757 $843,449 $341,308
2023 $14,408 $1,161,527 $826,911 $334,616
2022 $13,746 $1,138,753 $810,698 $328,055
2021 $11,132 $909,324 $707,252 $202,072
2020 $3,368 $250,839 $114,669 $136,170
2019 $3,248 $245,921 $112,421 $133,500
2018 $3,143 $241,100 $110,217 $130,883
2016 $2,972 $231,739 $105,938 $125,801
2015 $2,931 $228,259 $104,347 $123,912
2014 $2,954 $223,788 $102,303 $121,485
Source: Public Records

Agents Affiliated with this Home

  • Jim Sandoval

    Seller's Agent in 2020

    Jim Sandoval

    Park Regency Realty

    (818) 363-6116

    239 Total Sales

    Jim Sandoval
    Section Image

  • C

    Buyer's Agent in 2020

    Colin Lee

    Won Suk Kim Real Estate, Inc.

    (213) 608-6273

    1 in this area

    33 Total Sales

    Colin Lee
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20038721

California Regional Multiple Listing Service (CRMLS)

APN: 5056-003-019

California Los Angeles County Los Angeles 90006 Pico-Union

1502 S Westmoreland Ave, Los Angeles, CA

This home is located at 1502 S Westmoreland Ave, Los Angeles, CA 90006 since 21 February 2020 and is currently estimated at $1,378,829, approximately $416 per square foot. This property was built in 1905. 1502 S Westmoreland Ave is a home located in Los Angeles County with nearby schools including Magnolia Avenue Elementary School, Berendo Middle, and West Adams Preparatory High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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