NOT LISTED FOR SALE

1541 E 51st St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $691,000 - $977,000

8 Beds
4 Baths
3,036 Sq Ft
$276/Sq Ft Est. Value

Last Sold June 25, 2018

Last sale price $535,000 $176 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,197/month

42 Days on Market

About This Home

As of June 2018

OVERBID HEARING: The date and time of the hearing on the sale of the property is: Thursday, May 31, 2018 at 11:00 AM in Courtroom 5C of the Ronald Reagan Federal Building and Courthouse located at 411 W. 4th Street Santa Ana, CA 92701. The property is being sold where is/as is, without any representations or warranties. The starting bid is $545,000. Subsequent overbids must be in increments of at least $5,000. Any prospective over-bidder must submit by May 29, a cashier's check in the amount of $26,500., (the Overbid Deposit), payable to Granite Escrow. Contact Listing Agent for full Overbid Instructions. This Multi-Family is located in Vernon, in the Central Alameda neighborhood of Los Angeles, CA 90011. All units are rent-controlled and have an occupancy rate of 100%. Its approximately 3,036 square feet and was built in 1961, per the title report. Please call Listing agent for more information.

Last Agent to Sell the Property

Phil Seymour

Keller Williams Studio City License #00630158 Listed on: 01/11/2018

Keller Williams Studio City

Last Buyer's Agent

Jay Kang

Bestway Realty License #01888004

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,563

Year Built

  • Built in 1961

Lot Details

  • 5,000

Home Design

  • Quadruplex

Interior Spaces

  • 3,036 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Additional Features

  • 5,000 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5106-023-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,563

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3036
  • Stories: 2
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 180.83

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 258779
  • Assessed Land Value: 190122
  • Assessor Parcel Number: 5106-023-029
  • Geocode Override: No
  • Lot Size Area: 5000

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.90
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Fourplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2020
Sold by
Kang Jung Eun
Bought by
Chang Kyung Soo and Chang Ki Nam
Current Estimated Value
$838,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Outstanding Balance
$429,915
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$408,971

Purchase Details

Listed on
Jan 11, 2018
Closed on
Jun 14, 2018
Sold by
Wja Secure Real Estate Fund Llc
Bought by
Kang Jung Eun
Seller's Agent
Phil Seymour
Keller Williams Studio City
Buyer's Agent
Jay Kang
Bestway Realty
List Price
$549,000
Sold Price
$535,000
Premium/Discount to List
-$14,000
-2.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%
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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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
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
06/25/2018 06/25/18 Sold $535,000 -2.6% $176 / Sq Ft
01/11/2018 01/11/18 For Sale $549,000 -- $181 / Sq Ft
Source: The MLS

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

  • Phil Seymour

    Seller's Agent in 2018

    Phil Seymour

    Keller Williams Studio City

    (310) 775-7529

    11 Total Sales

    Phil Seymour
    Section Image

  • J

    Buyer's Agent in 2018

    Jay Kang

    Bestway Realty

See All Agents

Map

Source: The MLS

MLS Number: 18-302964

The MLS

APN: 5106-023-029

California Los Angeles County Los Angeles 90011 Central Alameda

1541 E 51st St, Los Angeles, CA

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