NOT LISTED FOR SALE

1517 Colton St Los Angeles, CA 90026

Westlake Neighborhood

Estimated Value: $746,000 - $973,000

3 Beds
2 Baths
1,109 Sq Ft
$779/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $735,000 $663 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,310/month

12 Days on Market

Highlights

  • City View
  • Bungalow
  • 2-minute walk to Patton Street Park
  • Wood Flooring
  • 1-Story Property

About This Home

As of December 2021

Historic Filipinotown is the current spot for hip properties, people and restaurants alike. Superb duplex situation: set above street behind gate, two houses on a lot, each with privacy, individual outdoor areas and views. Front house is spacious two bedroom, one bath, plus bonus room with lots of built-ins. Lovely front porch, yard, side yard with storage shed, private back patio. Back house is up an additional flight of stairs from front residence with one bedroom, one bath and loads of outdoor space. Original character in both homes. Great rental opportunities as front house is vacant and location is desirable, not too far from USC. Property is around the corner from Laveta and the Echo Park Village which includes One Dog Yoga, Gra nd Clark Street Bakery. Short distance to Echo Park Lake. This investment opportunity is waiting for you to snag it!

Last Agent to Sell the Property

Joseph Devarenne

Sotheby's International Realty License #01369564 Listed on: 10/14/2021

Sotheby's International Realty

Co-Listed By

Meredith Wick

Sotheby's International Realty License #01340482

Last Buyer's Agent

Ricardo Ceballos

Circle Real Estate License #01371690

Circle Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,425

Year Built

  • Built in 1906

Lot Details

  • 3,955

Parking

  • On-Street Parking

Property Views

  • City
  • Hills

Home Design

  • Bungalow

Interior Spaces

  • 1,109 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • 3,955 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5159-016-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,425

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Street Number Display: Yes
  • Living Area: 1109
  • Lot Acreage: 0.0908
  • Stories: 1
  • Year Built: 1906
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Wood
  • Bedrooms: 3
  • Total Bathrooms: 2.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 675.38

Exterior Features

  • Other Structures: None
  • View: City, Hills
  • View: Yes

Garage/Parking

  • Garage Structures: 0
  • Parking Garage: On street

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 19.72
  • Assessed Improvement Value: 109606
  • Assessed Land Percent: 80.28
  • Assessed Land Value: 446089
  • Total Assessed Value: 555695
  • Assessor Parcel Number: 5159-016-018
  • Lot Size Area: 3955

Rental Info

  • Total Actual Rent: 18000.00
  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: Detached

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2018
Sold by
Beltran Xavier
Bought by
Beltran Xavier and Xavier Beltran Revocable Trust
Current Estimated Value
$864,414

Purchase Details

Closed on
Aug 29, 2006
Sold by
Beltran Xavier and Beltran Xaiver
Bought by
Beltran Xavier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Outstanding Balance
$265,744
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$598,670

Purchase Details

Closed on
Oct 20, 2003
Sold by
Norombaba Elsi G and Norombaba Nitchano
Bought by
Norombaba Elsi G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 1995
Sold by
Feldstein Carl M
Bought by
Norombaba Elsi G and Norombaba Nitchano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,440
Interest Rate
7.68%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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
Beltran Xavier -- None Available
Beltran Xavier -- Fidelity National Title Co
Norombaba Elsi G -- Equity Title Company
Norombaba Elsi G $122,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beltran Xavier $440,000
Closed Norombaba Elsi G $216,000
Previous Owner Norombaba Elsi G $124,440
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2021 12/01/21 Sold $735,000 -1.9% $663 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
10/14/2021 10/14/21 For Sale $749,000 -- $675 / 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 $9,425 $779,987 $700,397 $79,590
2024 $9,318 $764,694 $686,664 $78,030
2023 $9,140 $749,700 $673,200 $76,500
2022 $8,798 $735,000 $660,000 $75,000
2021 $6,818 $561,451 $450,710 $110,741
2020 $6,887 $555,695 $446,089 $109,606
2019 $6,616 $544,800 $437,343 $107,457
2018 $6,563 $534,118 $428,768 $105,350
2016 $5,880 $480,000 $300,000 $180,000
2015 $5,284 $430,000 $344,500 $85,500
2014 $3,344 $260,000 $208,300 $51,700
Source: Public Records

Agents Affiliated with this Home

  • Joseph Devarenne

    Seller's Agent in 2021

    Joseph Devarenne

    Sotheby's International Realty

    (323) 665-1700

    1 in this area

    26 Total Sales

    Joseph Devarenne
    Section Image
  • Meredith Wick

    Seller Co-Listing Agent in 2021

    Meredith Wick

    Sotheby's International Realty

    (323) 665-1700

    1 in this area

    21 Total Sales

    Meredith Wick
    Section Image
  • Ricardo Ceballos

    Buyer's Agent in 2021

    Ricardo Ceballos

    Circle Real Estate

    (562) 760-2469

    1 in this area

    41 Total Sales

    Ricardo Ceballos
    Section Image
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Map

Source: The MLS

MLS Number: 21-795196

The MLS

APN: 5159-016-018

California Los Angeles County Los Angeles 90026 Westlake

1517 Colton St, Los Angeles, CA

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