NOT LISTED FOR SALE

1506 S Burnside Ave Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,130,000 - $2,250,967

4 Beds
4 Baths
3,632 Sq Ft
$501/Sq Ft Est. Value

Sale Details

Date Sold: March 31, 2015

Last sale price $1,250,000 $344 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $11,098 / mo

34 Days on Market

About This Home

As of March 2015

BEHIND THE PRIVACY HEDGES, A GREAT OPPORTUNITY TO OWN A LARGE SPANISH 4-PLEX IN HOT PICO AREA!! SHOWINGS ARE ONCE A WEEK BY APPOINTMENT - FRIDAY BETWEEN 10-11AM. PLEASE CALL TO SCHEDULE! Many systems upgrades including Bolted foundation, dual glazed newer vinyl windows, newer copper plumbing, and updated electrical. New trench-less sewerline from house to street! Well cared for! All units occupied by good quality tenants. All 4 units were remodeled about 10 years ago with new kitchen, new flooring, and bathrooms. This is a great pride of ownership building, in an area that has great appreciation potential in years to come. In demand, easy to rent area! Great shopping and dining a short stroll away on Pico Blvd!! This property is across from an elementary school. 3 out of 4 garage units are not used by the tenants, and have an additional estimated monthly value of $300-$450.Inside with accepted offer only. SUBMIT ALL REASONABLE OFFERS! Thanks for your interest! Agents see private remrks

Last Agent to Sell the Property

Rachel Hsieh

Keller Williams Realty Los Feliz License #01701809 Listed on: 01/08/2015

Keller Williams Realty Los Feliz

Last Buyer's Agent

Darin Spillman

Kidder Mathews of California, Inc. License #01366902

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 6,153 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • 3,632 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 5069-034-015

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

6,153 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3632
  • Year Built: 1918
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 357.65

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Number Rented Garages: 1
  • Parking Garage: Private Garage
  • Total Parking: 4

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 300000
  • Assessed Land Value: 600000
  • Assessor Parcel Number: 5069-034-015
  • Geocode Override: No
  • Lot Size Area: 6153

Rental Info

  • Number Leased: 4
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 15.70
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: 4-PLEX

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2015
Closed on
Mar 26, 2015
Sold by
Luo Jing
Bought by
Heinz Donna L
Seller's Agent
Rachel Hsieh
Keller Williams Realty Los Feliz
Buyer's Agent
Darin Spillman
Kidder Mathews of California, Inc.
List Price
$1,299,000
Sold Price
$1,250,000
Premium/Discount to List
-$49,000
-3.77%
Current Estimated Value
$1,818,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$568,992
Avg. Annual Appreciation
3.44%

Purchase Details

Closed on
Apr 18, 2005
Sold by
Weemes Stephen J and Estate Of Albert B Weemes
Bought by
Luo Jing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Heinz Donna L $1,250,000 Fidelity National Title Co
Heinz Donna L -- Fidelity National Title Co
Luo Jing $607,500 New Century Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luo Jing $486,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2015 03/31/15 Sold $1,250,000 -3.8% $344 / Sq Ft
02/11/2015 02/11/15 Pending -- -- --
01/08/2015 01/08/15 For Sale $1,299,000 -- $358 / Sq Ft
Source: The MLS

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 $18,234 $1,502,302 $1,081,661 $420,641
2024 $18,234 $1,472,846 $1,060,452 $412,394
2023 $17,887 $1,443,967 $1,039,659 $404,308
2022 $17,065 $1,415,655 $1,019,274 $396,381
2021 $16,845 $1,387,898 $999,289 $388,609
2019 $16,345 $1,346,734 $969,650 $377,084
2018 $16,219 $1,320,329 $950,638 $369,691
2016 $15,499 $1,269,062 $913,725 $355,337
2015 $11,018 $900,000 $600,000 $300,000
2014 -- $900,000 $600,000 $300,000
Source: Public Records

Agents Affiliated with this Home

  • Rachel Hsieh

    Seller's Agent in 2015

    Rachel Hsieh

    Keller Williams Realty Los Feliz

    (424) 242-8856

    13 in this area

    59 Total Sales

    Rachel Hsieh
    Section Image
  • Darin Spillman

    Buyer's Agent in 2015

    Darin Spillman

    Kidder Mathews of California, Inc.

    (310) 592-8269

    1 in this area

    21 Total Sales

    Darin Spillman
    Section Image
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Map

Source: The MLS

MLS Number: 15-819571

The MLS

APN: 5069-034-015

California Los Angeles County Los Angeles 90019 Mid-City

1506 S Burnside Ave, Los Angeles, CA

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