NOT LISTED FOR SALE

1603 E 49th St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $803,000 - $927,000

6 Beds
3 Baths
2,179 Sq Ft
$388/Sq Ft Est. Value

Sale Details

Date Sold: August 12, 2019

Last sale price $589,000 $270 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $5,161 / mo

113 Days on Market

Highlights

  • Granite Countertops
  • Living Room
  • Tile Flooring
  • No HOA
  • Laundry Room
  • Family Room

About This Home

As of August 2019

Beautifully duplex in the heart of the city of Los Angeles. This property will surely attract your clients! Front unit has 4 bedroom and 2 bath. It has been remodeled laminated wood floor in all bedrooms and new paint entire house, granite kitchen countertops, tiled bathrooms, kitchen and living room. The rent on this unit is at market rate and nice family just move in at beginning of March. The back unit is on top of two single car garage and laundry room. Back tenant has been there for over 6 years. She is excellent tenant and never been late on rent. There are 2 single car garage. One car garage for each unit. Additional three parking space to share between the tenants. This is great investment opportunity you can cash flow right after you close escrow.

Last Agent to Sell the Property

Edwin Wen

RE/MAX 2000 REALTY License #01885711 Listed on: 03/07/2019

RE/MAX 2000 REALTY

Last Buyer's Agent

Carlos Marcia

American State Properties License #01358924

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 5,560 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway Level
  • Parking Lot
  • Assigned Parking

Home Design

  • Duplex

Interior Spaces

  • 2,179 Sq Ft Home
  • Family Room
  • Living Room
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 2311
  • Assessor Parcel Number 5106020027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Water Sewer Expense $3,000
  • New Taxes Expense $7,000
  • Operating Expense $10,800
  • Gross Income $47,772
  • Net Operating Income $36,972

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

5,560 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 3000.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5106020027
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Appliances: Yes
  • Price Per Square Foot: 270.31
  • Room Type: Family Room, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway Level, Garage Faces Front, Garage - Single Door, On Site, Parking Space, Private
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5560.00
  • Lot Size Acres: 0.1276

Multi Family

  • Gross Income: 47772.00
  • Gross Scheduled Income: 47772.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5560.0000 Square Feet
  • Net Operating Income: 36972.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 10800.00
  • Rent Control: Yes
  • Total Actual Rent: 3981.00
  • Total Expenses: 10800.00

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Census Tract: 2288.00
  • Tax Lot: 17
  • Tax Tract Number: 2311

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2019
Closed on
Aug 6, 2019
Sold by
Bought by
Seller's Agent
Edwin Wen
RE/MAX 2000 REALTY
Buyer's Agent
Carlos Marcia
American State Properties
List Price
$643,500
Sold Price
$589,000
Premium/Discount to List
-$54,500
-8.47%
Current Estimated Value
$845,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,535
Avg. Annual Appreciation
5.46%

Purchase Details

Listed on
Mar 7, 2019
Closed on
Jul 25, 2019
Sold by
Bought by
Seller's Agent
Edwin Wen
RE/MAX 2000 REALTY
Buyer's Agent
Carlos Marcia
American State Properties
List Price
$643,500
Sold Price
$589,000
Premium/Discount to List
-$54,500
-8.47%

Purchase Details

Closed on
May 22, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,300
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 13, 2011
Sold by
Bought by

Purchase Details

Closed on
Oct 8, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 9, 2007
Sold by
Bought by

Purchase Details

Closed on
Aug 23, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
1.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 9, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
1.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 1994
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,750
Interest Rate
4.37%

Purchase Details

Closed on
Jul 13, 1994
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,750
Interest Rate
4.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Fidelity National Title Co
-- Fidelity National Title Co
$589,000 Fidelity National Title Co
-- None Available
-- Calcounties Title Nation
-- Lsi Title Company Ca
-- Lsi Title Company Ca
$225,000 Accommodation
-- Civic Center Title Svcs Inc
-- Financial Title Company
-- Financial Title Company
-- Southland Title
-- Southland Title Corporation
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $412,300
Previous Owner $360,000
Previous Owner $360,000
Previous Owner $87,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/12/2019 08/12/19 Sold $589,000 -1.7% $270 / Sq Ft
07/01/2019 07/01/19 Price Changed $599,000 +1.7% $275 / Sq Ft
06/28/2019 06/28/19 Pending -- -- --
04/05/2019 04/05/19 Off Market $589,000 -- --
03/27/2019 03/27/19 Price Changed $633,500 -1.6% $291 / Sq Ft
03/07/2019 03/07/19 For Sale $643,500 -- $295 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,083 $644,151 $415,582 $228,569
2024 $7,962 $631,522 $407,434 $224,088
2023 $7,811 $619,141 $399,446 $219,695
2022 $7,453 $607,002 $391,614 $215,388
2021 $7,356 $595,101 $383,936 $211,165
2020 $7,427 $589,000 $380,000 $209,000
2019 $4,391 $343,419 $236,454 $106,965
2018 $4,284 $336,686 $231,818 $104,868
2016 $4,077 $323,614 $222,817 $100,797
2015 $4,020 $318,754 $219,471 $99,283
2014 $4,045 $312,511 $215,172 $97,339
Source: Public Records

Agents Affiliated with this Home

  • Edwin Wen

    Seller's Agent in 2019

    Edwin Wen

    RE/MAX

    (909) 539-8561

    1 in this area

    17 Total Sales

    Edwin Wen
    Section Image

  • C

    Buyer's Agent in 2019

    Carlos Marcia

    American State Properties

    (800) 797-9301

    Carlos Marcia
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19051067

California Regional Multiple Listing Service (CRMLS)

APN: 5106-020-027

California Los Angeles County Los Angeles 90011 Central Alameda

1603 E 49th St, Los Angeles, CA

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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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