$650,000
SOLD SEP 19, 2024

1539 Tremont St Los Angeles, CA 90033

5 Beds
2 Baths
1,903 Sq Ft
7,499 Sq Ft Lot

Recently Sold

$342 Per Sq Ft

34 Days on Market

Highlights

  • Two Homes on a Lot
  • Cooling System Mounted To A Wall/Window
  • Chain Link Fence
  • Abraham Lincoln High School Rated A
  • Laundry Room
  • Vinyl Flooring

About This Home

As of September 2024

This offering in Boston Heights is 2 units on 1 lot, but potential for a developer( per LARD 1.5 zoning) is an additional 3 units with a total of 5 units on the 7500 sq ft lot. Currently, the first building is a 3 bed and 1 bath with 1134 sq ft of living space including a laundry area. The second building is 2 bed and 1 bath with 769 sq ft and a laundry area. There is a 2 car detached garage on the lot. Pro forma rents are higher than what the tenants are currently paying. Close to USC Health Sciences campus and USC Keck Hospital and across the street from Murchison Elementary School.

Last Agent to Sell the Property

Elizabeth Oliverio

Circa Properties, Inc. Brokerage Phone: (714)3495625 License #01447129 Listed on: 07/17/2024

Circa Properties, Inc.

Last Buyer's Agent

Jesus Laurean-Flores

eXp Realty of Southern California License #02148204

eXp Realty of Southern California

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,867

Year Built

  • Built in 1927

Lot Details

  • 7,499 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Back Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor
  • Fixer Upper
  • Spanish Tile Roof
  • Asphalt Roof

Interior Spaces

  • 1,903 Sq Ft Home
  • 1-Story Property
  • Window Screens
  • Vinyl Flooring
  • Gas Oven
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Homes

  • Two Homes on a Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 18 / 12
  • Tax Tract Number 203
  • Assessor Parcel Number 5202016019
  • $442 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,028
  • Water Sewer Expense $1,470
  • Operating Expense $3,498
  • Gross Income $5,676
  • Net Operating Income $5,676

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,867

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 325000
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Water Sewer Expenses: 1470.00
  • Zoning: LARD1.5
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5202016019
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Up stairs
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 341.57
  • Window Features: Screens

Exterior Features

  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Asphalt, Spanish Tile

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7499.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 5676.00
  • Gross Scheduled Income: 19800.00
  • Insurance Expense: 2028.00
  • Lot Size Area: 7499.0000 Square Feet
  • Net Operating Income: 5676.00
  • 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: 15124.00
  • Rent Control: Yes
  • Total Expenses: 3498.00

Tax Info

  • Tax Block: 12
  • Tax Census Tract: 2031.00
  • Tax Lot: 18
  • Tax Tract Number: 203...
  • TaxOtherAnnualAssessmentAmount: 442.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2024
Closed on
Aug 26, 2024
Sold by
Jimenez-Uribe Maribel
Bought by
Solorzano Jose Carlos Urlbe
Seller's Agent
Elizabeth Oliverio
Circa Properties, Inc.
Buyer's Agent
Jesus Laurean-Flores
eXp Realty of Southern California
List Price
$650,000
Sold Price
$650,000
Views
43
Current Estimated Value
$696,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,850
Avg. Annual Appreciation
6.57%
Original Mortgage
$520,000
Outstanding Balance
$514,656
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$177,175

Purchase Details

Listed on
Jul 17, 2024
Closed on
Aug 23, 2024
Sold by
Samaripa Family Trust and Samaripa Henry S
Bought by
Solorzano Jose Carlos Uribe
Seller's Agent
Elizabeth Oliverio
Circa Properties, Inc.
Buyer's Agent
Jesus Laurean-Flores
eXp Realty of Southern California
List Price
$650,000
Sold Price
$650,000
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Outstanding Balance
$514,656
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$177,175

Purchase Details

Closed on
Apr 28, 2009
Sold by
Samaripa Joe P and Samaripa Estella
Bought by
Samaripa Jose P and Samaripa Estella J
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 Type Sale Price Title Company
Grant Deed -- First American Title Company
Grant Deed $650,000 First American Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $520,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2024 09/19/24 Sold $650,000 0.0% $342 / Sq Ft
07/17/2024 07/17/24 For Sale $650,000 -- $342 / 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 $8,867 $650,000 $500,000 $150,000
2024 $8,867 $702,270 $520,200 $182,070
2023 $9,397 $746,640 $557,940 $188,700
2022 $911 $40,822 $17,066 $23,756
2021 $891 $40,023 $16,732 $23,291
2020 $892 $39,614 $16,561 $23,053
2019 $873 $38,838 $16,237 $22,601
2018 $725 $38,077 $15,919 $22,158
2016 $674 $36,600 $15,301 $21,299
2015 $667 $36,052 $15,072 $20,980
2014 $685 $35,347 $14,777 $20,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24145790

California Regional Multiple Listing Service (CRMLS)

APN: 5202-016-019