NOT LISTED FOR SALE

1528 E 33rd St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $1,428,000

6 Beds
6 Baths
4,452 Sq Ft
$321/Sq Ft Est. Value

Last Sold July 15, 2021

Last sale price $1,010,000 $227 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $8,429/month

65 Days on Market

About This Home

As of July 2021

Welcome to your next great investment! New flooring, stainless steel appliances and new cabinets all add up to this turn key investment with passive cash flow. 6 units total all single bedroom and single bathroom units, bring in a great cash flow. Owner pays for LADWP, Hazard Insurance, and Internet yet still creating a cap rate of 6.11% at the list price! Unit 1530 1/4 is currently vacant.

Last Agent to Sell the Property

Mark Perez

Circle Real Estate License #01279393 Listed on: 03/06/2021

Circle Real Estate

Last Buyer's Agent

Mark Perez

Circle Real Estate License #01279393 Listed on: 03/06/2021

Circle Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 4,827 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 4,452 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 2032
  • Assessor Parcel Number 5177008008

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,302
  • Supplies Expense $1,500
  • Water Sewer Expense $10,364
  • Operating Expense $15,166
  • Gross Income $94,656
  • Net Operating Income $79,490

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • CapRate: 6.11
  • Property Attached: Yes
  • Supplies Expense: 1500.00
  • Water Sewer Expenses: 10364.04
  • Property Type: Residential Income
  • Parcel Number: 5177008008
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 226.86

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4827.00
  • Lot Size Acres: 0.1108

Multi Family

  • Gross Income: 94656.00
  • Gross Scheduled Income: 94656.00
  • Insurance Expense: 3301.96
  • Lot Size Area: 4827.0000 Square Feet
  • Net Operating Income: 79490.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Operating Expense: 15166.00
  • Rent Control: Yes
  • Total Expenses: 15166.00

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: 2032

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2019
Sold by
Tran Melanie T and Katelian Spendthrift Trust
Bought by
Tran Melanie T and Katelian Spendthrift Trust
Current Estimated Value
$1,428,000

Purchase Details

Closed on
Aug 2, 2018
Sold by
Tran Melanie Thanh
Bought by
Katelian Spendthrift Trust

Purchase Details

Closed on
Mar 23, 2018
Sold by
Pm Investment Groups Inc
Bought by
Tran Melanie Thanh

Purchase Details

Closed on
Apr 25, 2017
Sold by
Cafa Homes Inc
Bought by
Pm Investment Groups Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 2015
Sold by
Martin Property Investments Los Angeles
Bought by
Cafa Homes Inc

Purchase Details

Closed on
Nov 25, 2013
Sold by
Horizon Fund
Bought by
Martin Property Investments Los Angeles

Purchase Details

Closed on
Dec 20, 2011
Sold by
Marable Rosslyn and Estate Of Eva L Bowen
Bought by
Horizon Fund and Horizon Mortgage & Investment Fund Llc

Purchase Details

Closed on
Dec 28, 2000
Sold by
Bowen Eva L
Bought by
Bowen Eva L and Bowen Ross
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tran Melanie T -- Chicago Title Co
Tran Melanie Thanh -- Chicago Title Co
Katelian Spendthrift Trust -- None Available
Tran Melanie Thanh -- None Available
Pm Investment Groups Inc $540,000 Old Republic Title Company
Cafa Homes Inc $460,000 Old Republic Title Company
Martin Property Investments Los Angeles $350,003 North American Title
Horizon Fund $200,000 None Available
Bowen Eva L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pm Investment Groups Inc $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2021 07/15/21 Sold $1,010,000 -5.2% $227 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
04/08/2021 04/08/21 Price Changed $1,065,000 -11.2% $239 / Sq Ft
03/16/2021 03/16/21 Price Changed $1,199,500 -7.7% $269 / Sq Ft
03/06/2021 03/06/21 For Sale $1,299,000 -- $292 / 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 $11,624 $891,413 $462,686 $428,727
2024 $11,456 $873,935 $453,614 $420,321
2023 $11,248 $856,800 $444,720 $412,080
2022 $10,753 $840,000 $436,000 $404,000
2021 $10,013 $772,924 $412,226 $360,698
2020 $10,110 $765,600 $408,000 $357,600
2019 $9,736 $750,600 $400,000 $350,600
2018 $7,797 $582,000 $265,200 $316,800
2016 $6,229 $426,404 $172,592 $253,812
2015 $5,639 $412,071 $203,996 $208,075
2014 $5,329 $373,989 $168,295 $205,694
Source: Public Records

Agents Affiliated with this Home

  • Mark Perez

    Seller's Agent in 2021

    Mark Perez

    Circle Real Estate

    (562) 754-0660

    3 in this area

    110 Total Sales

    Mark Perez
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21045739

California Regional Multiple Listing Service (CRMLS)

APN: 5117-008-008

California Los Angeles County Los Angeles 90011 Central Alameda

1528 E 33rd St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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