NOT LISTED FOR SALE

1516 W 53rd St Los Angeles, CA 90062

Vermont Square Neighborhood

Estimated Value: $597,000 - $853,617

3 Beds
2 Baths
1,696 Sq Ft
$431/Sq Ft Est. Value

Last Sold January 26, 2021

Last sale price $555,000 $327 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,595/month

6 Days on Market

Highlights

  • Laundry Room
  • Floor Furnace
  • 1-Story Property

About This Home

As of January 2021

BACK ON THE MARKET, BACK ON THE MARKET BUYERS ARE NO PERFORMING , ATTENTION FIRST TIME HOME BUYERS, INVESTORS, LIVE IN ONE RENT THE OTHER BEAUTIFUL RECENTLY REMODELED MOVE IN CONDITION FRONT HOUSE BEING USED AS 2 BR, SIDE HOUSE 1 BR TENANT PAYS $1050.00
HARDWOOD FLOORS AND TILE, NEW WINDOWS, CENTRAL AIR AND HEAT, LAUNDRY ROOM, EACH HOUSE HAS 1 CAR GARAGE + 2 CAR PARKING, GARAGE IS BEING USED AS STORAGE, A LOT FRUIT TREES, POMEGRANATE, GUAVA, PEACH, AVOCADO, ORANGE, VEGETABLES, FRESH INSIDE PAINT AND NEW ELECTRIC METERS...

Last Agent to Sell the Property

Hector Gonzalez

Century 21 A Better Service License #01259959 Listed on: 09/17/2020

Century 21 A Better Service

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,386

Year Built

  • Built in 1923

Lot Details

  • 5,665 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 1,696 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Utilities

  • Floor Furnace
  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 47
  • Tax Tract Number 4194
  • Assessor Parcel Number 5003015019

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Trash Expense $1,500
  • Water Sewer Expense $1,500
  • New Taxes Expense $6,874
  • Operating Expense $10,473
  • Gross Income $458,028
  • Net Operating Income $44,328

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,386

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 5625004668
  • Property Attached: No
  • Water Sewer Expenses: 1500.00
  • Zoning: LAR4
  • Property Type: Residential Income
  • Parcel Number: 5003015019
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 327.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Inside
  • Sewer: None
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5665.00
  • Lot Size Acres: 0.1301

Multi Family

  • Gross Income: 458028.00
  • Gross Scheduled Income: 45828.00
  • Insurance Expense: 600.00
  • Lot Size Area: 5665.0000 Square Feet
  • Net Operating Income: 44328.00
  • 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: 1500.00
  • Rent Control: Yes
  • Total Expenses: 10473.00

Tax Info

  • New Taxes Expense: 6873.70
  • Tax Census Tract: 2326.00
  • Tax Lot: 47
  • Tax Tract Number: 4194

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2025
Sold by
Graham Chavvone
Bought by
Chavvone Graham Living Trust and Graham
Current Estimated Value
$730,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,852
Outstanding Balance
$24,797
Interest Rate
6.83%
Mortgage Type
FHA
Estimated Equity
$685,706

Purchase Details

Closed on
Sep 23, 2020
Sold by
Darnell Errol and Darnell Trust
Bought by
Graham Chavvone and Graham Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,947
Interest Rate
2.71%
Mortgage Type
FHA

Purchase Details

Closed on
May 18, 2007
Sold by
Darnell Errol
Bought by
Darnell Errol and Darnell Trust

Purchase Details

Closed on
Jan 28, 2002
Sold by
Darnell Lauren G
Bought by
Darnell Errol E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,910
Interest Rate
7.17%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 18, 1999
Sold by
Coleman Margaret
Bought by
Darnell Lauren G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,814
Interest Rate
7.1%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 30, 1996
Sold by
Coleman Margaret
Bought by
Coleman Margaret G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
7.53%
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
Chavvone Graham Living Trust -- None Listed On Document
Graham Chavvone $555,000 Lawyers Title
Darnell Errol -- None Available
Darnell Errol E $150,000 --
Darnell Lauren G $119,000 Commonwealth Title
Coleman Margaret G -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graham Chavvone $24,852
Previous Owner Graham Chavvone $22,027
Previous Owner Graham Chavvone $543,627
Previous Owner Graham Chavvone $544,947
Previous Owner Darnell Errol E $86,000
Previous Owner Darnell Errol E $370,000
Previous Owner Darnell Errol E $100,000
Previous Owner Darnell Errol E $220,000
Previous Owner Darnell Errol E $188,079
Previous Owner Darnell Errol E $147,855
Previous Owner Darnell Errol E $147,910
Previous Owner Darnell Lauren G $118,814
Previous Owner Coleman Margaret G $91,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2021 01/26/21 Sold $555,000 +0.9% $327 / Sq Ft
12/22/2020 12/22/20 For Sale $549,900 0.0% $324 / Sq Ft
12/22/2020 12/22/20 Price Changed $549,900 0.0% $324 / Sq Ft
11/09/2020 11/09/20 Price Changed $549,900 0.0% $324 / Sq Ft
09/23/2020 09/23/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $549,900 -- $324 / Sq Ft
09/17/2020 09/17/20 Pending -- -- --
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 $7,386 $600,748 $238,134 $362,614
2024 $7,386 $588,969 $233,465 $355,504
2023 $7,250 $577,422 $228,888 $348,534
2022 $6,921 $566,100 $224,400 $341,700
2021 $2,630 $204,704 $136,472 $68,232
2020 $2,652 $202,606 $135,073 $67,533
2019 $2,555 $198,634 $132,425 $66,209
2018 $2,477 $194,740 $129,829 $64,911
2016 $2,354 $187,181 $124,789 $62,392
2015 $2,320 $184,370 $122,915 $61,455
2014 $2,342 $180,760 $120,508 $60,252
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2021

    Hector Gonzalez

    Century 21 A Better Service

    (562) 500-4668

    1 in this area

    28 Total Sales

    Hector Gonzalez
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20194704

California Regional Multiple Listing Service (CRMLS)

APN: 5003-015-019

California Los Angeles County Los Angeles 90037 Vermont Square

1516 W 53rd St, Los Angeles, CA

This home is located at 1516 W 53rd St, Los Angeles, CA 90062 since 17 September 2020 and is currently estimated at $730,154, approximately $430 per square foot. This property was built in 1923. 1516 W 53rd St is a home located in Los Angeles County with nearby schools including Western Avenue Technology Magnet, Normandie Avenue Elementary School, and Barack Obama Global Preparation 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

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