NOT LISTED FOR SALE

1503 Meadowbrook Ave Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,285,000 - $1,854,000

9 Beds
5 Baths
3,894 Sq Ft
$433/Sq Ft Est. Value

Last Sold July 25, 2013

Last sale price $887,000 $228 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $9,973/month

265 Days on Market

Highlights

  • 2 Car Detached Garage
  • Tankless Water Heater
  • Floor Furnace
  • Bathtub with Shower
  • Bungalow
  • Satellite Dish

About This Home

As of July 2013

Back on the market, buyer did not perform. Drastic Reduction for Quick sale! GREAT 4 unit investment property. Oooozing with potential. Live in one unit and let the other 3 pay your mortgage. Or use as an investment property. Rents are present actual rents, The area can command more rents, needs TLC. Central location 10 mins from Beverly Hills, W. Hollywood, Culver City and 15 to 20 mins from LAX airport, Downtown LA and Santa Monica Beach. Owner may carry, ask for details.

Last Agent to Sell the Property

Violet Schmid

Home Smart Realty Group License #01470388 Listed on: 09/22/2012

Home Smart Realty Group

Last Buyer's Agent

Bana Haffar Mendoza

Adaptive Realty, Inc. License #01924472

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,208

Year Built

  • Built in 1925

Lot Details

  • 5,480 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Quadruplex
  • Bungalow
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Brick Foundation
  • Shingle Roof
  • Stone Roof
  • Stucco

Interior Spaces

  • Bathtub with Shower
  • 3,894 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Cooktop
  • Dishwasher

Utilities

  • Floor Furnace
  • Heating System Mounted To A Wall or Window
  • Tankless Water Heater
  • Gas Water Heater
  • Central Water Heater
  • Sewer in Street
  • Satellite Dish

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • The owner pays for gardener
  • Assessor Parcel Number 5070-014-039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,208

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Ground Level w/steps
  • Living Area: 3894
  • Property Condition: Fixer, Repair Cosmetic
  • Stories: 2
  • Year Built: 1925
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 2
  • Number Refrigerator: 2
  • Appliances: Cooktop - Gas
  • Bathroom Features: Shower and Tub
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Counter Top
  • Laundry Equipment: Own
  • Den: 0
  • Equipment: Dishwasher, Satellite
  • Price Per S Q F T: 230.35

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Foundation Details: Brick & Mortar Per
  • Construction: Frame and Stucco
  • Paved: Yes
  • Pool: No
  • Roof: Rock, Shingle
  • View: No

Garage/Parking

  • Parking Garage: Detached
  • Total Parking: 2

Utilities

  • Water District: LADWP
  • Water Heater: Central Water Heater, Gas, Tankless
  • Heating: Floor Furnace, Wall
  • Sewer: In Street
  • Water Expense: 2400.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 2000.00
  • Maintenance Expense: 1000.00

Lot Info

  • Assessed Improvement Value: 197331
  • Assessed Land Value: 746664
  • Assessor Parcel Number: 5070-014-039
  • Lot Size Area: 5480

Rental Info

  • Total Actual Rent: 78156.00
  • Lease Per Month Year: Month
  • Owner Pays: Gardener
  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.76
  • Number Of Units: 4
  • Total Annual Expense: 21896
  • Type Of Units: Fourplex
  • Vacancy Allow Percent: 10.00
  • Vacancy Rate: 10

Tax Info

  • Tax Expense: 12176.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2012
Closed on
Jul 2, 2013
Sold by
Jackson James E
Bought by
Wakslak Menachem and Wakslak Cheryl
Seller's Agent
Violet Schmid
Home Smart Realty Group
Buyer's Agent
Bana Haffar Mendoza
Adaptive Realty, Inc.
List Price
$997,700
Sold Price
$887,000
Premium/Discount to List
-$110,700
-11.1%
Current Estimated Value
$1,686,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$799,699
Avg. Annual Appreciation
5.38%
Original Mortgage
$657,750
Outstanding Balance
$477,471
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$1,209,228

Purchase Details

Closed on
Jun 21, 2006
Sold by
Jackson Emma
Bought by
Jackson James E and Jackson Emma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$820,000
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 1, 2006
Sold by
Jackson Robin Zeno
Bought by
Jackson James E and Jackson Emma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 24, 2006
Sold by
Jackson James E
Bought by
Jackson Emma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 3, 2006
Sold by
Trahan Lisa
Bought by
Jackson Emma and Jackson Robin Zeno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$619,500
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 17, 2004
Sold by
Trahan Samuel T
Bought by
Trahan Samuel T and Harris Patricia A

Purchase Details

Closed on
Aug 15, 2003
Sold by
Trahan Samuel
Bought by
Trahan Samuel T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2002
Sold by
Trahan Samuel
Bought by
Trahan Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.8%

Purchase Details

Closed on
Feb 10, 2001
Sold by
Harris Andrea P
Bought by
Harris Patricia A and Trahan Samuel T
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
Wakslak Menachem $877,000 Progressive Title Company
Jackson James E -- Chicago Title Co
Jackson James E -- None Available
Jackson Emma -- Old Republic Title Company
Jackson Emma $885,000 Old Republic Title Company
Trahan Samuel T -- --
Trahan Samuel T -- --
Trahan Samuel -- Gateway Title Company
Harris Patricia A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wakslak Menachem $657,750
Previous Owner Jackson James E $820,000
Previous Owner Jackson Emma $177,000
Previous Owner Jackson Emma $619,500
Previous Owner Trahan Samuel T $395,000
Previous Owner Trahan Samuel $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2013 07/25/13 Sold $887,000 -11.1% $228 / Sq Ft
06/14/2013 06/14/13 Pending -- -- --
09/22/2012 09/22/12 For Sale $997,700 -- $256 / 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 $13,208 $1,075,070 $829,904 $245,166
2024 $13,208 $1,053,991 $813,632 $240,359
2023 $12,961 $1,033,326 $797,679 $235,647
2022 $12,371 $1,013,066 $782,039 $231,027
2021 $12,203 $993,203 $766,705 $226,498
2019 $11,844 $963,746 $743,965 $219,781
2018 $11,722 $944,850 $729,378 $215,472
2016 $11,187 $908,162 $701,056 $207,106
2015 $11,026 $894,522 $690,526 $203,996
2014 $11,083 $877,000 $677,000 $200,000
Source: Public Records

Agents Affiliated with this Home

  • Violet Schmid

    Seller's Agent in 2013

    Violet Schmid

    Home Smart Realty Group

    (310) 432-5753

    6 Total Sales

    Violet Schmid
    Section Image

  • B

    Buyer's Agent in 2013

    Bana Haffar Mendoza

    Adaptive Realty, Inc.

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Map

Source: The MLS

MLS Number: 12-625997

The MLS

APN: 5070-014-039

California Los Angeles County Los Angeles 90019 Mid-City

1503 Meadowbrook Ave, Los Angeles, CA

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