NOT LISTED FOR SALE

1622 W 50th St Los Angeles, CA 90062

Vermont Square Neighborhood

Estimated Value: $772,666 - $845,000

4 Beds
3 Baths
2,008 Sq Ft
$396/Sq Ft Est. Value

Last Sold August 29, 2024

Last sale price $760,000 $378 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,786/month

22 Days on Market

About This Home

As of August 2024

Welcome to this Craftsman bungalow home with a duplex in the back. One unit is delivered vacant! Live in one and let the rental income from the other 2 units pay your mortgage. Perfect for an owner user or an investor. Ask about the Fannie Mae conventional loan with only 5% down for owner-occupied units!

Last Agent to Sell the Property

Bobby Rodriguez

Compass License #01939553 Listed on: 06/05/2024

Compass

Last Buyer's Agent

William Holmes

Anvil Real Estate License #01914118

Anvil Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,779

Year Built

  • Built in 1925

Lot Details

  • 5,363

Home Design

  • Triplex

Interior Spaces

  • 2,008 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Additional Features

  • 5,363 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5016-036-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,779

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: Welcome to this Craftsman bungalow home with a duplex in the back. Live in one and let the rental income from the other 2 units pay your mortgage. Perfect for an owner user or an investor. Ask about the Fannie Mae conventional loan with only 5% down for owner-occupied units!
  • Living Area: 2008
  • Lot Acreage: 0.1231
  • Year Built: 1925
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 398.41

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 3

Utilities

  • Heating: Wall
  • Water Expense: 400.00

Lot Info

  • Assessed Improvement Percent: 34.61
  • Assessed Improvement Value: 180863
  • Assessed Land Percent: 65.39
  • Assessed Land Value: 341639
  • Total Assessed Value: 522502
  • Assessor Parcel Number: 5016-036-025
  • Lot Size Area: 5363

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 138.65
  • Number Of Units: 3
  • Total Annual Expense: 400
  • Type Of Units: Triplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2024
Closed on
Jul 23, 2024
Sold by
Fernandez Alvarez Martin and Fernandez Arminda Aviles
Bought by
Harris Fonzel Lamont and Harris Luwanna
Seller's Agent
Bobby Rodriguez
Compass
Buyer's Agent
William Holmes
Anvil Real Estate
List Price
$800,000
Sold Price
$760,000
Premium/Discount to List
-$40,000
-5%
Views
8
Current Estimated Value
$796,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,167
Avg. Annual Appreciation
4.20%
Original Mortgage
$722,000
Outstanding Balance
$713,006
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$83,161

Purchase Details

Closed on
Dec 14, 2006
Sold by
Aviles Rosa and Aviles Rosa A
Bought by
Alvarez Martin Fernandez and Aviles Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2004
Sold by
Aguilar Guadalupe and Aguilar Celia
Bought by
Aviles Rosa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,970
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2003
Sold by
Corona Oracio
Bought by
Aguilar Celia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Harris Fonzel Lamont $760,000 Consumers Title Company
Alvarez Martin Fernandez -- American Coast Title
Aviles Rosa A $390,000 Ticor
Aguilar Celia -- Diversified Title Company
Aguilar Guadalupe -- Diversified Title Company
Aguilar Guadalupe -- Diversified Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harris Fonzel Lamont $722,000
Previous Owner Alvarez Martin Fernandez $432,000
Previous Owner Aviles Rosa A $326,970
Previous Owner Aguilar Guadalupe $163,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2024 08/29/24 Sold $760,000 -5.0% $378 / Sq Ft
06/27/2024 06/27/24 Pending -- -- --
06/05/2024 06/05/24 For Sale $800,000 -- $398 / 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 $6,779 $760,000 $570,000 $190,000
2024 $6,779 $532,951 $348,471 $184,480
2023 $6,656 $522,502 $341,639 $180,863
2022 $6,358 $512,258 $334,941 $177,317
2021 $6,272 $502,215 $328,374 $173,841
2020 $6,333 $497,386 $325,007 $172,379
2019 $6,090 $487,641 $318,635 $169,006
2018 $6,001 $478,087 $312,388 $165,699
2016 $5,730 $459,216 $300,258 $158,958
2015 $5,649 $452,319 $295,748 $156,571
2014 $5,687 $443,459 $289,955 $153,504
Source: Public Records

Agents Affiliated with this Home

  • Bobby Rodriguez

    Seller's Agent in 2024

    Bobby Rodriguez

    Compass

    (323) 377-4067

    1 in this area

    63 Total Sales

    Bobby Rodriguez
    Section Image
  • William Holmes

    Buyer's Agent in 2024

    William Holmes

    Anvil Real Estate

    (323) 474-2909

    2 in this area

    29 Total Sales

    William Holmes
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-397669

The MLS

APN: 5016-036-025

California Los Angeles County Los Angeles 90062 Vermont Square

1622 W 50th St, Los Angeles, CA

This home is located at 1622 W 50th St, Los Angeles, CA 90062 since 05 June 2024 and is currently estimated at $796,167, approximately $396 per square foot. This property was built in 1925. 1622 W 50th St is a home located in Los Angeles County with nearby schools including Western Avenue Technology Magnet, Normandie Avenue Elementary School, and Barack Obama Global Preparation Academy.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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