NOT LISTED FOR SALE

1541 E 51st St Unit 1 Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $795,000 - $974,000

8 Beds
4 Baths
3,052 Sq Ft
$283/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $705,000 $231 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,321/month

94 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • 4-minute walk to Slauson Senior Multipurpose Recreation Center

About This Home

As of June 2020

ATTENTION INVESTORS Potential income property in a great area near the downtown LA area, excellent to buy, sold as-is condition no credit from the seller. All units are in Separate gas and electric meters. Enough back yard 8 CAR PARKING. Close to shopping, transportation, library, and the Police Department. listing broker relates to the owner.

Last Agent to Sell the Property

Weon Kang

Bestway Realty License #01888004 Listed on: 02/22/2020

Last Buyer's Agent

Weon Kang

Bestway Realty License #01888004 Listed on: 02/22/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,563

Year Built

  • Built in 1961

Lot Details

  • 5,000 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • Parking Available

Home Design

  • 3,052 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 70
  • Assessor Parcel Number 5106023029

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Water Sewer Expense $7,000
  • New Taxes Expense $9,000
  • Operating Expense $17,000
  • Gross Income $31,960
  • Net Operating Income $31,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,563

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 7000.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5106023029
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 231.00

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Gross Income: 31960.00
  • Gross Scheduled Income: 48960.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 31960.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 17000.00
  • Rent Control: Yes
  • Total Actual Rent: 3.00
  • Total Expenses: 17000.00

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Census Tract: 2288.00
  • Tax Lot: 70

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2020
Closed on
Jun 15, 2020
Sold by
Kang Jung Eun
Bought by
Chang Kyung Soo and Chang Ki Nam
Seller's Agent
Weon Kang
Bestway Realty
Buyer's Agent
Weon Kang
Bestway Realty
List Price
$750,000
Sold Price
$705,000
Premium/Discount to List
-$45,000
-6%
Current Estimated Value
$862,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,584
Avg. Annual Appreciation
3.86%
Original Mortgage
$485,000
Outstanding Balance
$429,915
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$432,669

Purchase Details

Listed on
Jun 27, 2018
Closed on
Jun 14, 2018
Sold by
Wja Secure Real Estate Fund Llc
Bought by
Kang Jung Eun
Seller's Agent
Weon Kang
Bestway Realty
Buyer's Agent
Weon Kang
Bestway Realty
Sold Price
$1,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 8, 2018
Sold by
The Kingdom Trust Co
Bought by
Wja Secure Real Estate Fund Llc

Purchase Details

Closed on
Mar 6, 2015
Sold by
Millennium Trust Company Llc
Bought by
The Kingdom Trust Company and Wja Secure Real Estate Fund Llc

Purchase Details

Closed on
Nov 25, 2013
Sold by
Core Real Estate Opportunity Fund I Llc
Bought by
Millenium Trust Company Llc and Wja Secure Real Estate Fund Llc

Purchase Details

Closed on
Mar 22, 2011
Sold by
Vazquez Angelica
Bought by
Core Real Estate Opportunity Fund I Llc

Purchase Details

Closed on
Mar 7, 2007
Sold by
Vazquez Angelica
Bought by
Torres Alfredo

Purchase Details

Closed on
Sep 8, 2006
Sold by
Greene Eric L
Bought by
Vazquez Angelica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.44%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 17, 2005
Sold by
Harris Matthew and Jackson Joyce
Bought by
Greene Eric L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2005
Sold by
Harris Gloria Jean
Bought by
Harris Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Chang Kyung Soo $705,000 Chicago Title
Kang Jung Eun $535,000 First American Title
Wja Secure Real Estate Fund Llc -- First American Title Company
The Kingdom Trust Company -- None Available
Millenium Trust Company Llc -- None Available
Core Real Estate Opportunity Fund I Llc $235,350 None Available
Torres Alfredo -- None Available
Vazquez Angelica $675,000 Lawyers Title
Vazquez Angelica -- Lawyers Title
Greene Eric L $420,000 Fatcola
Harris Matthew -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chang Kyung Soo $485,000
Previous Owner Kang Jung Eun $500,000
Previous Owner Vazquez Angelica $135,000
Previous Owner Vazquez Angelica $540,000
Previous Owner Greene Eric L $336,000
Closed Greene Eric L $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2020 06/30/20 Sold $705,000 0.0% $231 / Sq Ft
05/26/2020 05/26/20 Off Market $705,000 -- --
05/26/2020 05/26/20 Pending -- -- --
03/05/2020 03/05/20 Price Changed $745,000 -0.7% $244 / Sq Ft
02/22/2020 02/22/20 For Sale $750,000 0.0% $246 / Sq Ft
07/18/2018 07/18/18 Rented $1,650 -13.2% --
07/10/2018 07/10/18 Off Market $1,900 -- --
07/10/2018 07/10/18 Under Contract -- -- --
06/27/2018 06/27/18 For Rent $1,650 -- --
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 $9,563 $771,016 $437,456 $333,560
2024 $9,563 $755,899 $428,879 $327,020
2023 $9,383 $741,078 $420,470 $320,608
2022 $8,955 $726,548 $412,226 $314,322
2021 $8,835 $712,303 $404,144 $308,159
2020 $8,325 $655,452 $364,140 $291,312
2019 $8,005 $642,600 $357,000 $285,600
2018 $5,843 $457,878 $193,924 $263,954
2017 $5,718 $448,901 $190,122 $258,779
2016 $5,562 $440,100 $186,395 $253,705
2015 $5,484 $433,491 $183,596 $249,895
2014 $4,458 $337,364 $146,944 $190,420
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2020

    Weon Kang

    Bestway Realty

    (213) 923-6689

    5 Total Sales

    Weon Kang
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20038110

California Regional Multiple Listing Service (CRMLS)

APN: 5106-023-029

California Los Angeles County Los Angeles 90011 Central Alameda

1541 E 51st St Unit 1, Los Angeles, CA

This home is located at 1541 E 51st St Unit 1, Los Angeles, CA 90011 since 22 February 2020 and is currently estimated at $862,584, approximately $282 per square foot. This property was built in 1961. 1541 E 51st St Unit 1 is a home located in Los Angeles County with nearby schools including Hooper Avenue Elementary School, Los Angeles Academy Middle School, and Thomas Jefferson Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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