NOT LISTED FOR SALE

1511 E Martin Luther King jr Blvd Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $907,854 - $1,208,000

8 Beds
6 Baths
3,130 Sq Ft
$329/Sq Ft Est. Value

Last Sold June 23, 2014

Last sale price $550,000 $176 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $6,742/month

45 Days on Market

About This Home

As of June 2014

******Back On The Market, Back On The Market****** 2014 Brand New Construction, 8 Bedrooms 6 Baths, Over 3100 Square Feet Of Living Space, 2 Units, 2 Stories Each, Central Air And Heat, Sprinklers, Tile Floors In Kitchen And Granite Counter Tops, All Appliances And Fixtures Are Top Of The Line, Detached Garage, And Many More Amenities To Mention, You Have to See This Beauty To Appreciate.
******Added Bonus****** With The Right Offer, Seller Is Willing To Help With Closing Costs.
If You Live In One And Rent The Second Unit your monthly Mortgage Payment will be Lower Than Paying Rent.

FHA/VA APPRAISAL IS DONE, VALUE IN AT ASKING PRICE

Last Agent to Sell the Property

Vincent Perez

New Century Homes License #01154324 Listed on: 04/28/2014

Last Buyer's Agent

Max Pealyo

AGR and Associates License #01162944

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,233

Year Built

  • Built in 2014

Lot Details

  • 5,139 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 3,130 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 2281
  • Assessor Parcel Number 5117008016

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $650
  • Trash Expense $400
  • Water Sewer Expense $800
  • New Taxes Expense $6,875
  • Gross Income $2,400
  • Net Operating Income $27,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,233

Year Built

Built in 2014

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: (626) 255-4176
  • Property Attached: Yes
  • Water Sewer Expenses: 800.00
  • Property Type: Residential Income
  • Parcel Number: 5117008016
  • Year Built: 2014
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 175.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Central
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5139.00
  • Lot Size Acres: 0.1180

Multi Family

  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 650.00
  • Lot Size Area: 5139.0000 Square Feet
  • Net Operating Income: 27000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1800.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 6875.00
  • Taxes Percent: 1.25
  • Tax Lot: 5
  • Tax Tract Number: 2281
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2020
Sold by
Echevarria Eliseo and Delechevarria Maria Del
Bought by
Echevarria Eliseo and Delechevarria Maria Del
Current Estimated Value
$1,045,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,059
Interest Rate
3.3%
Mortgage Type
VA

Purchase Details

Listed on
Apr 28, 2014
Closed on
May 27, 2014
Sold by
Sicuro Inc
Bought by
Echevarria Eliseo and Echevarria Maria
Seller's Agent
Vincent Perez
New Century Homes
Buyer's Agent
Max Pealyo
AGR and Associates
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.78%
Original Mortgage
$550,000
Interest Rate
4.25%
Mortgage Type
VA

Purchase Details

Closed on
Jul 1, 2013
Sold by
Sicuro Inc
Bought by
Sicuro Inc and Ameritec Investments Inc

Purchase Details

Closed on
May 2, 2013
Sold by
Glenview Profit Sharing Plan
Bought by
Sicuro Inc

Purchase Details

Closed on
Mar 7, 2011
Sold by
Social Investments
Bought by
David J Brown Revocable Living Trust

Purchase Details

Closed on
Jan 4, 2007
Sold by
Childress Joan
Bought by
Socal Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
6.28%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 27, 2000
Sold by
Childress Joan
Bought by
Childress Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,250
Interest Rate
8.2%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Echevarria Eliseo -- Title365
Echevarria Eliseo $550,000 Nations Title Company
Sicuro Inc -- Nations Title Company Of Ca
Sicuro Inc $90,000 Nations Title Company Of Ca
Glenview Profit Sharing Plan -- Nations Title Company Of Ca
David J Brown Revocable Living Trust -- Accommodation
Socal Investments $166,600 None Available
Childress Joan -- American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Echevarria Eliseo $500,594
Closed Echevarria Eliseo $498,059
Closed Echevarria Eliseo $546,126
Closed Echevarria Eliseo $550,000
Previous Owner Collins William $0
Previous Owner Childress Joan $94,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2014 06/23/14 Sold $550,000 0.0% $176 / Sq Ft
06/12/2014 06/12/14 Pending -- -- --
04/28/2014 04/28/14 For Sale $550,000 -- $176 / 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 $12,233 $674,213 $245,166 $429,047
2024 $12,233 $660,994 $240,359 $420,635
2023 $12,076 $648,035 $235,647 $412,388
2022 $11,701 $635,329 $231,027 $404,302
2021 $11,592 $622,873 $226,498 $396,375
2019 $13,670 $604,400 $219,781 $384,619
2018 $13,576 $592,550 $215,472 $377,078
2016 $13,318 $569,543 $207,106 $362,437
2015 $6,944 $560,989 $203,996 $356,993
2014 $4,230 $327,666 $166,802 $160,864
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2014

    Vincent Perez

    New Century Homes

    (626) 255-2782

    11 Total Sales

    Section Image
  • Max Pealyo

    Buyer's Agent in 2014

    Max Pealyo

    AGR and Associates

    (951) 545-1347

    1 in this area

    16 Total Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR14086840

California Regional Multiple Listing Service (CRMLS)

APN: 5117-008-016

California Los Angeles County Los Angeles 90011 Central Alameda

1511 E Martin Luther King jr Blvd, Los Angeles, CA

This home is located at 1511 E Martin Luther King jr Blvd, Los Angeles, CA 90011 since 28 April 2014 and is currently estimated at $1,029,464, approximately $328 per square foot. This property was built in 2014. 1511 E Martin Luther King jr Blvd is a home located in Los Angeles County with nearby schools including Nevin Avenue Elementary School, Thomas Jefferson Senior High School, and Nava College Preparatory Academy.

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

Nearby Homes