NOT LISTED FOR SALE

1624 E Martin Luther King jr Blvd Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $615,000 - $807,000

5 Beds
2 Baths
1,619 Sq Ft
$439/Sq Ft Est. Value

Last Sold August 02, 2013

Last sale price $330,000 $204 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $4,255/month

62 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Wrought Iron Fence
  • Living Room
  • Stone Flooring
  • 3-minute walk to Ross Snyder Recreation Center

About This Home

As of August 2013

Charming newly remodeled duplex home just south of Downtown Los Angeles ready for move-in today! Whether you are an investor or a potential homeowner looking to lease out the second unit, this property is the perfect opportunity! Both units boast gorgeous new hardwood laminate flooring in the living rooms and feature newly remodeled chef’s kitchens complete with new tile floors, new cabinets, and stunning new granite counters! Both units’ pristinely remodeled bathrooms feature new tile floors, elegant new vanities, and beautiful new shower/bathtubs! Brand new carpet in the bedrooms; freshly painted interior/exterior; laundry area inside; located within minutes of schools, parks, USC, LA Coliseum, Downtown, Fashion District, Dodgers Stadium, and the 110, 10, 60, 101, & 5 freeways. This property is a fantastic owner/investor opportunity that will not be available for long!

Last Agent to Sell the Property

Polly Watts

Shelter Club Realty, Inc. License #00895696 Listed on: 06/04/2013

Last Buyer's Agent

Hector Benavidez

Equity Smart Real Estate Services License #01337609

Equity Smart Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,776

Year Built

  • Built in 1906

Lot Details

  • 3,854 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Chain Link Fence
  • Front Yard Sprinklers

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,619 Sq Ft Home
  • Living Room
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 52
  • Assessor Parcel Number 5117012026

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,700
  • Net Operating Income $44,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,776

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Number: 866-640-3040
  • Property Attached: No
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 5117012026
  • Year Built: 1906
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Stone
  • Price Per Square Foot: 203.83
  • Room Type: Living Room

Exterior Features

  • Fencing: Block, Chain Link, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Utilities

  • Utilities: Sewer Connected, Water Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Inside

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 3854.00
  • Lot Size Acres: 0.0880

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 3700.00
  • Gross Scheduled Income: 44400.00
  • Lot Size Area: 3854.0000 Square Feet
  • Net Operating Income: 44400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Lot: 52
  • Tax Annual Amount: 3776.00
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2013
Closed on
Jul 29, 2013
Sold by
Cam Real Estate V Llc
Bought by
Gonzalez Vicente
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Hector Benavidez
Equity Smart Real Estate Services
List Price
$329,900
Sold Price
$330,000
Premium/Discount to List
$100
0.03%
Total Days on Market
62
Current Estimated Value
$710,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$380,454
Avg. Annual Appreciation
6.54%
Original Mortgage
$324,022
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 16, 2012
Sold by
Cam V Trust
Bought by
Cam Real Estate V Llc

Purchase Details

Closed on
Nov 8, 2012
Sold by
Aguilar Vilma
Bought by
Cam V Trust

Purchase Details

Closed on
May 31, 2011
Sold by
Aguilar Vilma
Bought by
Aguilar Vilma and San Vicente Maria E

Purchase Details

Closed on
Mar 21, 2011
Sold by
Alliance Capital Investments Inc
Bought by
Aguilar Vilma

Purchase Details

Closed on
Mar 2, 2011
Sold by
Aguilar Vilma
Bought by
Aguilar Vila and Alliance Capital Investments I

Purchase Details

Closed on
Mar 1, 2011
Sold by
Villatoro Linda and Mayen Margarita
Bought by
Aguilar Vilma

Purchase Details

Closed on
Sep 2, 2010
Sold by
Aguilar Vilma
Bought by
Villatoro Linda and Mayen Margarita

Purchase Details

Closed on
Dec 17, 2004
Sold by
Melendez Mirna
Bought by
Aguilar Vilma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
7.24%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 12, 2002
Sold by
Perez Pedro
Bought by
Melendez Mirna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,064
Interest Rate
6.16%
Mortgage Type
FHA

Purchase Details

Closed on
May 30, 2001
Sold by
Venture Investment Properties Llc
Bought by
Perez Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,360
Interest Rate
7.21%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 23, 2000
Sold by
King Linette
Bought by
Venture Investment Properties Llc

Purchase Details

Closed on
Nov 12, 1999
Sold by
King Linette
Bought by
Advanta Conduit

Purchase Details

Closed on
Dec 21, 1995
Sold by
Proby Kysa T
Bought by
King Linette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.37%
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
Gonzalez Vicente $330,000 Fidelity National Title Co
Cam Real Estate V Llc -- None Available
Cam V Trust $171,500 None Available
Aguilar Vilma -- None Available
Aguilar Vilma -- None Available
Aguilar Vila -- None Available
Aguilar Vilma -- None Available
Villatoro Linda -- None Available
Aguilar Vilma -- United Title
Melendez Mirna $190,000 --
Melendez Mirna $190,000 First American
Perez Pedro $138,500 --
Venture Investment Properties Llc $80,000 --
Advanta Conduit $29,511 Fidelity National Title
King Linette -- Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Vicente $17,132
Closed Gonzalez Vicente $17,184
Open Gonzalez Vicente $60,000
Closed Gonzalez Vicente $18,861
Open Gonzalez Vicente $321,815
Closed Gonzalez Vicente $324,022
Previous Owner Aguilar Vilma $455,000
Previous Owner Aguilar Vilma $386,000
Previous Owner Aguilar Vilma $323,000
Previous Owner Aguilar Vilma $273,000
Previous Owner Melendez Mirna $242,250
Previous Owner Melendez Mirna $211,000
Previous Owner Melendez Mirna $187,064
Previous Owner Perez Pedro $136,360
Previous Owner Venture Investment Properties Llc $35,000
Previous Owner Venture Investments Properties Llc $60,000
Previous Owner King Linette $25,000
Previous Owner King Linette $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2013 08/02/13 Sold $330,000 0.0% $204 / Sq Ft
07/03/2013 07/03/13 Pending -- -- --
05/02/2013 05/02/13 For Sale $329,900 -- $204 / 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 $4,964 $404,523 $232,908 $171,615
2024 $4,964 $396,592 $228,342 $168,250
2023 $4,869 $388,816 $223,865 $164,951
2022 $4,645 $381,193 $219,476 $161,717
2021 $4,581 $373,720 $215,173 $158,547
2020 $4,623 $369,889 $212,967 $156,922
2019 $4,445 $362,638 $208,792 $153,846
2018 $4,367 $355,529 $204,699 $150,830
2016 $4,160 $341,725 $196,751 $144,974
2015 $4,100 $336,593 $193,796 $142,797
2014 $4,122 $330,000 $190,000 $140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13080637

California Regional Multiple Listing Service (CRMLS)

APN: 5117-012-026