Seller's Agent in 2019
Francesca Mauro
T.N.G. Real Estate Consultants
(562) 902-5100
67 Total Sales
1518 E 51st St Los Angeles, CA 90011
Central Alameda NeighborhoodEstimated Value: $1,305,183 - $1,487,000
8
Beds
4
Baths
2,694
Sq Ft
$523/Sq Ft
Est. Value
Highlights
- Laundry Room
- Front Yard
- 3-minute walk to Slauson Senior Multipurpose Recreation Center
- Auto Driveway Gate
About This Home
As of January 2019Fantastic Investment opportunity!!!! This well maintained apartment building consists of 4 units each with 2 bedrooms and 1 bath with an onsite laundry facility (4 coin operated washer/dryer). All units are at current market rate bringing in a 8.27% Cap rate with a 3% increase per year. All units were redone with laminate wood flooring, new range, hood, garbage disposal, air conditioning/heating, and ceiling fan.
Last Agent to Sell the Property
T.N.G. Real Estate Consultants License #01985117 Listed on: 11/27/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,849
Year Built
- Built in 1961
Lot Details
- 5,400 Sq Ft Lot
- No Common Walls
- Front Yard
Home Design
- 2,694 Sq Ft Home
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Parking
- Parking Available
- Auto Driveway Gate
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 5
- Assessor Parcel Number 5106025004
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Insurance Expense $1,050
- Trash Expense $2,400
- Water Sewer Expense $4,500
- New Taxes Expense $10,584
- Operating Expense $19,710
- Gross Income $97,320
- Net Operating Income $78,786
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 27, 2018
Closed on
Jan 3, 2019
Sold by
Value Add Holdings Llc
Bought by
Hwang In Hoon and Hwang Susy
Seller's Agent
Francesca Mauro
T.N.G. Real Estate Consultants
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,050,000
Sold Price
$945,000
Premium/Discount to List
-$105,000
-10%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$466,693
Avg. Annual Appreciation
6.32%
Original Mortgage
$551,250
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 2, 2018
Closed on
Jul 26, 2018
Sold by
Verduzco Jesus
Bought by
Value Add Holdings Llc
Seller's Agent
Francesca Mauro
T.N.G. Real Estate Consultants
Buyer's Agent
Francesca Mauro
T.N.G. Real Estate Consultants
List Price
$699,000
Sold Price
$610,000
Premium/Discount to List
-$89,000
-12.73%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
153.79%
Original Mortgage
$427,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
May 24, 2010
Sold by
Kim Soon Hee and Kim Yoon Sup
Bought by
Verduzco Jesus
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.82%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 17, 2007
Sold by
Kim Soon Hee
Bought by
Kim Soon Hee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 11, 2003
Sold by
Kim Young Bok
Bought by
Kim Soon Hee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
3.66%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Nov 5, 2003
Sold by
Salazar Maurilio
Bought by
Kim Soon Hee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
3.66%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
May 25, 2000
Sold by
Velazquez Hector and Velazquez Margarita
Bought by
Salazar Maurilio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,140
Interest Rate
8.18%
Mortgage Type
FHA
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hwang In Hoon | $945,000 | Chicago Title Company | |
| Value Add Holdings Llc | $610,000 | Chicago Title Company | |
| Verduzco Jesus | $320,000 | Stewart Title Of California | |
| Kim Soon Hee | -- | Chicago Title Co | |
| Kim Soon Hee | -- | Provident | |
| Kim Soon Hee | -- | -- | |
| Salazar Maurilio | $230,000 | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hwang In Hoon | $557,600 | |
| Closed | Hwang In Hoon | $561,000 | |
| Closed | Hwang In Hoon | $551,250 | |
| Previous Owner | Value Add Holdings Llc | $427,000 | |
| Previous Owner | Verduzco Jesus | $385,000 | |
| Previous Owner | Verduzco Jesus | $280,000 | |
| Previous Owner | Verduzco Jesus | $233,000 | |
| Previous Owner | Verduzco Jesus | $240,000 | |
| Previous Owner | Kim Soon Hee | $290,000 | |
| Previous Owner | Kim Soon Hee | $288,000 | |
| Previous Owner | Kim Soon Hee | $288,000 | |
| Previous Owner | Salazar Maurilio | $186,557 | |
| Previous Owner | Salazar Maurilio | $188,140 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/30/2019 01/30/19 | Sold | $945,000 | 0.0% | $351 / Sq Ft |
| 01/09/2019 01/09/19 | Pending | -- | -- | -- |
| 12/05/2018 12/05/18 | Price Changed | $945,000 | -10.0% | $351 / Sq Ft |
| 11/27/2018 11/27/18 | For Sale | $1,050,000 | +72.1% | $390 / Sq Ft |
| 08/10/2018 08/10/18 | Sold | $610,000 | -6.0% | $226 / Sq Ft |
| 07/24/2018 07/24/18 | Pending | -- | -- | -- |
| 07/11/2018 07/11/18 | Price Changed | $649,000 | -7.2% | $241 / Sq Ft |
| 07/02/2018 07/02/18 | For Sale | $699,000 | -- | $259 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,849 | $1,054,161 | $613,533 | $440,628 |
| 2024 | $12,849 | $1,033,492 | $601,503 | $431,989 |
| 2023 | $12,603 | $1,013,228 | $589,709 | $423,519 |
| 2022 | $12,021 | $993,362 | $578,147 | $415,215 |
| 2021 | $11,868 | $973,885 | $566,811 | $407,074 |
| 2019 | $7,582 | $610,720 | $400,000 | $210,720 |
| 2018 | $4,703 | $363,739 | $179,581 | $184,158 |
| 2016 | $4,476 | $348,924 | $172,608 | $176,316 |
| 2015 | $4,414 | $343,684 | $170,016 | $173,668 |
| 2014 | $4,454 | $336,953 | $166,686 | $170,267 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2019
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
2 in this area
5,756 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18280532
APN: 5106-025-004
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