NOT LISTED FOR SALE

1508 E 1st St Los Angeles, CA 90033

Boyle Heights Neighborhood

Estimated Value: $1,106,643

1 Bed
5 Baths
4,067 Sq Ft
$272/Sq Ft Est. Value

Last Sold April 15, 2013

Last sale price $495,000 $122 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $6,398/month

427 Days on Market

About This Home

As of April 2013

*** STANDARD SALE! LOCATION, LOCATION, LOCATION *** This building is approximately only 1 mile from the heart of Downtown Los Angeles! It is located near bus lines, areas of commerce, freeways, shops, restaurants, residential dwellings, and schools. This mixed use property is a sound investment which consists of 5 units (1 commercial unit downstairs and 4 residential units upstairs). Fenced and gated enclosed area in back of property with alley access. Can be used for parking, storage, etc. The seller is motivated and may consider carrying a 2nd TD with the right offer.

Last Agent to Sell the Property

Robert Castro

UNITED REALTY GROUP License #01359397 Listed on: 01/03/2012

Last Buyer's Agent

Gil Saraf

Compass License #01335931

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 3,249 Sq Ft Lot
  • No Common Walls
  • No Units Located Below
  • Density is up to 1 Unit/Acre

Parking

  • 4 Parking Spaces

Home Design

  • 4,067 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 5 Bathrooms

Utilities

  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 44
  • Tax Tract Number 2380
  • Assessor Parcel Number 5172004019

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $3,145
  • Net Operating Income $30,476

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • CapRate: 6.10
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5172004019
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls, No One Below
  • Price Per Square Foot: 121.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Sewer: None

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3249.00
  • Lot Size Acres: 0.0750

Multi Family

  • Gross Income: 3145.00
  • Gross Scheduled Income: 37740.00
  • Lot Size Area: 3249.0000 Square Feet
  • Net Operating Income: 30476.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 5377.00
  • Operating Expense Percent: 15.00
  • Rent Control: Yes
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 44
  • Tax Tract Number: 2380
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2012
Closed on
Feb 28, 2013
Sold by
Cordero Ismael
Bought by
Lee Brian Jay
Seller's Agent
Robert Castro
UNITED REALTY GROUP
Buyer's Agent
Gil Saraf
Compass
List Price
$499,000
Sold Price
$495,000
Premium/Discount to List
-$4,000
-0.8%
Current Estimated Value
$1,106,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$611,643
Avg. Annual Appreciation
6.49%
Original Mortgage
$295,000
Interest Rate
3.51%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 22, 2003
Sold by
Valdez Becky
Bought by
Cordero Ismael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 5, 2001
Sold by
Valdez Carmen R
Bought by
Valdez Becky

Purchase Details

Closed on
Apr 26, 2001
Sold by
Valdez Becky
Bought by
Valdez Carmen R

Purchase Details

Closed on
Oct 31, 1997
Sold by
Valdez Carmen R
Bought by
Valdez Becky

Purchase Details

Closed on
Jan 26, 1996
Sold by
Valdez Carmen R
Bought by
Valdez Carmen R and Valdez Becky
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lee Brian Jay $495,000 Orange Coast Title Company
Cordero Ismael $200,000 First American Title Co
Valdez Becky -- --
Valdez Carmen R -- --
Valdez Becky -- --
Valdez Carmen R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Brian Jay $295,000
Previous Owner Cordero Ismael $130,000
Closed Cordero Ismael $15,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2013 04/15/13 Sold $495,000 -0.8% $122 / Sq Ft
03/05/2013 03/05/13 Pending -- -- --
01/03/2012 01/03/12 For Sale $499,000 -- $123 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,682 $609,542 $270,907 $338,635
2024 $7,682 $597,592 $265,596 $331,996
2023 $7,540 $585,876 $260,389 $325,487
2022 $7,199 $574,389 $255,284 $319,105
2021 $7,091 $563,128 $250,279 $312,849
2019 $6,884 $546,427 $242,856 $303,571
2018 $6,801 $535,714 $238,095 $297,619
2016 $6,466 $514,913 $228,850 $286,063
2015 $6,374 $507,180 $225,413 $281,767
2014 $6,403 $497,246 $220,998 $276,248
Source: Public Records

Agents Affiliated with this Home

  • Robert Castro

    Seller's Agent in 2013

    Robert Castro

    UNITED REALTY GROUP

    (949) 922-0393

    11 Total Sales

    Robert Castro
    Section Image

  • G

    Buyer's Agent in 2013

    Gil Saraf

    Compass

    (213) 618-6300

    5 Total Sales

    Gil Saraf
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV13001849

California Regional Multiple Listing Service (CRMLS)

APN: 5172-004-019

California Los Angeles County Los Angeles 90033 Boyle Heights

1508 E 1st St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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