NOT LISTED FOR SALE

1570 E 41st St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $794,000 - $862,000

4 Beds
2 Baths
1,576 Sq Ft
$528/Sq Ft Est. Value

Last Sold May 25, 2021

Last sale price $650,000 $412 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,074/month

6 Days on Market

Highlights

  • Property is near park and public transit
  • Laundry Room
  • Wall Furnace
  • Park
  • Level Lot
  • 2-minute walk to Ross Snyder Recreation Center

About This Home

As of May 2021

This residential income property has two houses and a detached two car garage which is split so each home has it's own one car garage. The front house is a 3 bedroom 1 bath home with granite counter tops in the kitchen, ceiling fans, laminate and tile flooring and a laundry room. The house in the rear is a 1 bedroom 1 bath home with tile counter top in the kitchen, carpet and tile flooring. These homes are close to the park, schools and public transportation.

Last Agent to Sell the Property

STEPHEN VAISA

R.E.O. PROPERTIES INC. License #00953940 Listed on: 03/09/2021

Last Buyer's Agent

Claudia Cortez

The Jireh Group License #01338715

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,460 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Front Yard Sprinklers

Parking

  • 2 Car Garage

Interior Spaces

  • 1,576 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Property is near park and public transit
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 10 / A
  • Assessor Parcel Number 5116012009

Community Details

Overview

  • 3 Buildings
  • 2 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $589
  • Water Sewer Expense $1,556
  • New Taxes Expense $4,774
  • Operating Expense $7,630
  • Gross Income $32,176
  • Net Operating Income $24,546

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1556.00
  • Zoning: LAR4
  • Property Type: Residential Income
  • Parcel Number: 5116012009
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 412.44
  • Room Type: All Bedrooms Down, Kitchen, Laundry

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level, Near Public Transit, Park Nearby, Sprinklers In Front
  • Lot Size Sq Ft: 5460.00
  • Lot Size Acres: 0.1253
  • Latitude Manual: 34.00826500

Multi Family

  • Gross Income: 32176.00
  • Gross Scheduled Income: 32176.00
  • Insurance Expense: 589.00
  • Lot Size Area: 5460.0000 Square Feet
  • Net Operating Income: 24546.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7630.00
  • Rent Control: Yes
  • Total Expenses: 7630.00

Tax Info

  • New Taxes Expense: 4774.00
  • Tax Block: A
  • Tax Census Tract: 2281.00
  • Tax Lot: 10
  • Tax Tract Number: Curtis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2011
Sold by
Mendoza Jess E and Mendoza Wanda M
Bought by
Mendoza Jess E and Mendoza Wanda M
Current Estimated Value
$831,786

Purchase Details

Closed on
May 22, 2009
Sold by
Rojas Jorge Millan
Bought by
Mendoza Jess and Mendoza Wanda

Purchase Details

Closed on
May 26, 2006
Sold by
Landin Maria G
Bought by
Rojas Jorge Millan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
5.98%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 12, 2002
Sold by
Kellingsworth Veronica
Bought by
Landin Maria Guadalupe

Purchase Details

Closed on
Nov 29, 1999
Sold by
Rodriguez Josefina
Bought by
Landin Maria G and Kellingsworth Veronica

Purchase Details

Closed on
Apr 29, 1999
Sold by
Affordable Shelters Inc
Bought by
Landin Maria Guadalupe and Kellingsworth Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,814
Interest Rate
7.01%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 15, 1999
Sold by
Hud
Bought by
Affordable Shelters Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,100
Interest Rate
6.73%

Purchase Details

Closed on
Sep 18, 1998
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Feb 24, 1998
Sold by
Burgara Maximiliano
Bought by
Norwest Mtg Inc

Purchase Details

Closed on
May 22, 1997
Sold by
Burgara Maximiliano
Bought by
New Haven Corp

Purchase Details

Closed on
Jan 20, 1997
Sold by
Burgara Maria
Bought by
Burgara Maximiliano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,291
Interest Rate
7.74%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 15, 1994
Sold by
Burgara Maria
Bought by
Burgara Maximiliano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,749
Interest Rate
8.61%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mendoza Jess E -- None Available
Mendoza Jess $124,100 None Available
Rojas Jorge Millan $515,000 Transunion Title & Escrow Of
Landin Maria Guadalupe -- --
Landin Maria G -- --
Landin Maria Guadalupe $145,000 American Title Co
Affordable Shelters Inc $110,000 Provident Title
Hud -- First American
Norwest Mtg Inc $167,675 First American Title Ins Co
New Haven Corp -- --
Burgara Maximiliano -- Stewart Title
Burgara Maximiliano -- Progressive Title Company
Burgara Maximiliano $160,000 Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rojas Jorge Millan $412,000
Previous Owner Landin Maria Guadalupe $143,814
Previous Owner Affordable Shelters Inc $103,100
Previous Owner Burgara Maximiliano $154,291
Previous Owner Burgara Maximiliano $156,749
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2021 05/25/21 Sold $650,000 +1.6% $412 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $639,999 -- $406 / 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 $8,698 $703,580 $432,972 $270,608
2024 $8,609 $689,785 $424,483 $265,302
2023 $8,445 $676,260 $416,160 $260,100
2022 $8,055 $663,000 $408,000 $255,000
2021 $4,459 $352,375 $183,801 $168,574
2020 $4,501 $348,763 $181,917 $166,846
2019 $4,331 $341,925 $178,350 $163,575
2018 $4,214 $335,221 $174,853 $160,368
2016 $4,022 $322,206 $168,064 $154,142
2015 $3,965 $317,367 $165,540 $151,827
2014 $3,990 $311,151 $162,298 $148,853
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    STEPHEN VAISA

    R.E.O. PROPERTIES INC.

    Section Image

  • C

    Buyer's Agent in 2021

    Claudia Cortez

    The Jireh Group

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB21049920

California Regional Multiple Listing Service (CRMLS)

APN: 5116-012-009

California Los Angeles County Los Angeles 90011 Central Alameda

1570 E 41st St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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