NOT LISTED FOR SALE

1517 N Eastern Ave Los Angeles, CA 90063

Estimated Value: $676,000 - $1,019,000

6 Beds
2 Baths
2,026 Sq Ft
$437/Sq Ft Est. Value

Last Sold September 10, 2024

Last sale price $995,000 $491 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $5,622/month

17 Days on Market

Highlights

  • No HOA
  • Park
  • Bike Trail
  • City Terrace Elementary School Rated 9+
  • Laundry Room
  • 1-Story Property

About This Home

As of September 2024

Look no further! This inviting duplex nestled in City Terrace effortlessly blends classic architecture with contemporary updates. This meticulously renovated property presents a compelling opportunity for both homeowners and investors. Step inside to discover spacious interiors illuminated by abundant natural light and enhanced by recessed lighting and a modern aesthetic. The kitchen features soft-closing cabinets, sleek quartz countertops, and stainless steel appliances, ensuring both style and functionality. Each unit offers three bedrooms and a full bath, providing comfortable accommodations for all. Outside, the generous backyard includes a covered patio overlooking the backyard, perfect for enjoying Southern California's delightful weather. A detached two-car garage with beautiful epoxy finish adds convenience and provides additional parking. Recent upgrades such as a new roof, updated windows, and electrical improvements ensure the property's modern comfort and efficiency. Located near the 10 and 710 freeways, this duplex offers easy access to Downtown LA, Pasadena, Long Beach, as well as educational institutions like Cal State LA and USC Keck. Whether you're seeking a stylish residence or a savvy investment, this property stands out as an exceptional choice in the vibrant community of City Terrace.

Last Agent to Sell the Property

Lucy Spencer

ROA California Inc Brokerage Phone: 562-577-1705 License #01292222 Listed on: 08/01/2024

Co-Listed By

Erin Vargas

eXp Realty of California Inc Brokerage Phone: 562-577-1705 License #01751500

Last Buyer's Agent

Hector Benavidez

Equity Smart Real Estate Services License #01337609

Equity Smart Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 4,793 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,026 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 355
  • Tax Tract Number 7812
  • Assessor Parcel Number 5226014013
  • $1,154 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Park
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,400
  • Operating Expense $2,400
  • Gross Income $84,000
  • Net Operating Income $82,560

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Inclusions: All appliances
  • Property Attached: Yes
  • Zoning: LCR3*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5226014013
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 491.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4793.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 84000.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 4793.0000 Square Feet
  • Net Operating Income: 82560.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 1440.00
  • Rent Control: No
  • Total Expenses: 2400.00

Tax Info

  • Tax Census Tract: 5306.03
  • Tax Lot: 355
  • Tax Tract Number: 7812
  • TaxOtherAnnualAssessmentAmount: 1154.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2024
Closed on
Sep 9, 2024
Sold by
Vanburen Nicole
Bought by
Acevedo Jose Luis
Seller's Agent
Lucy Spencer
ROA California Inc
Buyer's Agent
Hector Benavidez
Equity Smart Real Estate Services
List Price
$995,000
Sold Price
$995,000
Views
14
Current Estimated Value
$886,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$108,914
Avg. Annual Appreciation
-7.79%
Original Mortgage
$746,250
Outstanding Balance
$735,585
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$150,501

Purchase Details

Listed on
Jun 9, 2023
Closed on
Jun 26, 2023
Sold by
Arenas Developments Inc
Bought by
Vanburen Nicole
Seller's Agent
Jorge Amezcua
GEORGE MICHAEL REALTY
Buyer's Agent
Erin Vargas
eXp Realty of California Inc
List Price
$899,000
Sold Price
$920,000
Premium/Discount to List
$21,000
2.34%
Views
199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.12%
Original Mortgage
$903,336
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 20, 2022
Closed on
Oct 3, 2022
Sold by
Koichi Muraki And Tom Kunishima Family T
Bought by
Arenas Developments Inc
Seller's Agent
Vickie Sill-Ohashi
ROYAL HOMES & LOANS
Buyer's Agent
Vickie Sill-Ohashi
ROYAL HOMES & LOANS
List Price
$645,000
Sold Price
$630,000
Premium/Discount to List
-$15,000
-2.33%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
62.49%

Purchase Details

Closed on
Dec 21, 2021
Sold by
Tomi Kunishima
Bought by
Koichi Muraki And Tomi Kunishima Family Trust and Kunishi Tomi

Purchase Details

Closed on
Oct 20, 2018
Sold by
Kunishima Tomi and Muraki Koichi
Bought by
Muraki Koichi and Kunishima Tomi

Purchase Details

Closed on
Nov 1, 1998
Sold by
Muraki Hama
Bought by
Kunishima Tomi and Muraki Koichi
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
Acevedo Jose Luis $995,000 California Best Title
Vanburen Nicole $920,000 Ticor Title
Arenas Developments Inc $630,000 Ticor Title
Koichi Muraki And Tomi Kunishima Family Trust -- --
Muraki Koichi -- None Available
Kunishima Tomi -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Acevedo Jose Luis $746,250
Previous Owner Vanburen Nicole $903,336
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/10/2024 09/10/24 Sold $995,000 0.0% $491 / Sq Ft
08/01/2024 08/01/24 For Sale $995,000 +8.2% $491 / Sq Ft
07/21/2023 07/21/23 Sold $920,000 +2.3% $454 / Sq Ft View Prior Sale
06/22/2023 06/22/23 Pending -- -- --
06/09/2023 06/09/23 For Sale $899,000 +42.7% $444 / Sq Ft
10/11/2022 10/11/22 Sold $630,000 -2.3% $311 / Sq Ft View Prior Sale
09/20/2022 09/20/22 For Sale $645,000 -- $318 / 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 $12,248 $995,000 $549,300 $445,700
2024 $12,248 $920,000 $520,000 $400,000
2023 $8,638 $630,000 $400,000 $230,000
2022 $8,222 $616,080 $362,100 $253,980
2021 $1,511 $47,959 $19,222 $28,737
2019 $1,482 $46,538 $18,652 $27,886
2018 $1,383 $45,627 $18,287 $27,340
2016 $1,312 $43,857 $17,578 $26,279
2015 $1,297 $43,199 $17,314 $25,885
2014 $1,302 $42,353 $16,975 $25,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24149073

California Regional Multiple Listing Service (CRMLS)

APN: 5226-014-013

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