NOT LISTED FOR SALE

1609 E Martin Luther King jr Blvd Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $608,466 - $782,000

4 Beds
2 Baths
2 Sq Ft
$354,058/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $611 $306 Per Sq Ft

Est. 114,668% increase in value since last sale

Current estimated payment $4,460/month

79 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • No HOA
  • Laundry Room
  • 2-minute walk to Ross Snyder Recreation Center

About This Home

As of April 2023

2 UNITS Front house has 1 divided into 2 bedroom 2bedroom 1 bath with Laundry room , 2nd Unit 2 bedrooms 1 bath with laundry room , property has plenty of parking , Just a few minutes form Down town Los Angeles , Los Angeles Coliseum , USC and Shopping Centers

Last Agent to Sell the Property

lupe TOMICIC

Excellence RE Real Estate Inc. License #01021238 Listed on: 01/23/2023

Last Buyer's Agent

Joe Schneider

Ashby & Graff License #01400802

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,681

Year Built

  • Built in 1906

Lot Details

  • 5,141 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 1 Car Garage

Home Design

  • 2 Sq Ft Home
  • Duplex

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 45
  • Tax Tract Number 228100
  • Assessor Parcel Number 5117009032
  • $3,226 per year additional tax assessments

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
  • 2 Separate Water Meters
  • Gross Income $29,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,681

Year Built

Built in 1906

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Other Phone Description: 310-612-7586
  • Price Per Unit: 319500
  • Property Attached: No
  • View: No
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5117009032
  • Year Built: 1906
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 305.50
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5141.00
  • Lot Size Acres: 0.1180

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 792 Square Feet
  • Gross Income: 29160.00
  • Lot Size Area: 5141.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Actual Rent: 1250.00

Tax Info

  • Tax Lot: 45
  • Tax Tract Number: 228100
  • TaxOtherAnnualAssessmentAmount: 3225.57

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2023
Closed on
Apr 6, 2023
Sold by
Gonzalez Family Living Trust and Gonzalez Daniel
Bought by
Cardoso Bartolome Leal and Cardoso Placido Leal
Seller's Agent
lupe TOMICIC
Excellence RE Real Estate Inc.
Buyer's Agent
Joe Schneider
Ashby & Graff
List Price
$639,000
Sold Price
$611
Premium/Discount to List
-$638,389
-99.9%
Views
70
Current Estimated Value
$701,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$700,620
Avg. Annual Appreciation
1913.06%
Original Mortgage
$562,677
Outstanding Balance
$547,758
Interest Rate
6.65%
Mortgage Type
FHA
Estimated Equity
$160,359

Purchase Details

Listed on
Jan 23, 2023
Closed on
Apr 5, 2023
Sold by
Flores Yaqueli Torres
Bought by
Cardoso Placido Leal
Seller's Agent
lupe TOMICIC
Excellence RE Real Estate Inc.
Buyer's Agent
Joe Schneider
Ashby & Graff
List Price
$639,000
Sold Price
$611
Premium/Discount to List
-$638,389
-99.9%
Views
70

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,677
Outstanding Balance
$547,758
Interest Rate
6.65%
Mortgage Type
FHA
Estimated Equity
$160,359

Purchase Details

Listed on
Jan 23, 2023
Closed on
Mar 9, 2023
Sold by
Flores Flurencia Sanchez
Bought by
Cardoso Bartolome Leal
Seller's Agent
lupe TOMICIC
Excellence RE Real Estate Inc.
Buyer's Agent
Joe Schneider
Ashby & Graff
List Price
$639,000
Sold Price
$611
Premium/Discount to List
-$638,389
-99.9%
Views
70

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,677
Outstanding Balance
$547,758
Interest Rate
6.65%
Mortgage Type
FHA
Estimated Equity
$160,359

Purchase Details

Closed on
Feb 1, 2022
Sold by
Gonzalez and Petra
Bought by
Gonzalez Family Living Trust
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
Cardoso Bartolome Leal $603,000 Lawyers Title
Cardoso Placido Leal -- Lawyers Title
Cardoso Bartolome Leal -- Lawyers Title
Gonzalez Family Living Trust -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cardoso Bartolome Leal $562,677
Previous Owner Gonzalez Daniel $151,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $611 -99.9% $306 / Sq Ft
01/23/2023 01/23/23 For Sale $639,000 -- $319,500 / 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 $7,681 $627,361 $523,321 $104,040
2024 $7,681 $615,060 $513,060 $102,000
2023 $3,377 $256,375 $141,450 $114,925
2022 $3,226 $251,349 $138,677 $112,672
2021 $3,182 $246,421 $135,958 $110,463
2020 $3,210 $243,895 $134,564 $109,331
2019 $3,091 $239,114 $131,926 $107,188
2018 $3,009 $234,427 $129,340 $105,087
2016 $2,867 $225,325 $124,318 $101,007
2015 $2,827 $221,941 $122,451 $99,490
2014 $2,849 $217,595 $120,053 $97,542
Source: Public Records

Agents Affiliated with this Home

  • l

    Seller's Agent in 2023

    lupe TOMICIC

    Excellence RE Real Estate Inc.

    Section Image

  • J

    Buyer's Agent in 2023

    Joe Schneider

    Ashby & Graff

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23004006

California Regional Multiple Listing Service (CRMLS)

APN: 5117-009-032

California Los Angeles County Los Angeles 90011 Central Alameda

1609 E Martin Luther King jr Blvd, Los Angeles, CA

This home is located at 1609 E Martin Luther King jr Blvd, Los Angeles, CA 90011 since 23 January 2023 and is currently estimated at $708,117, approximately $354,058 per square foot. This property was built in 1906. 1609 E Martin Luther King jr Blvd is a home located in Los Angeles County with nearby schools including Nevin Avenue Elementary School, Thomas Jefferson Senior High School, and Nava College Preparatory Academy.

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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