NOT LISTED FOR SALE

1629 W 51st St Los Angeles, CA 90062

Vermont Square Neighborhood

Estimated Value: $847,000 - $1,826,000

14 Beds
8 Baths
5,512 Sq Ft
$216/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $1,250,000 $227 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $6,458/month

47 Days on Market

Highlights

  • 25,867 Sq Ft lot
  • Private Yard
  • Accessible Parking
  • Wood Flooring
  • No HOA

About This Home

As of July 2017

TWO ADJACENT INDIVIDUAL 3 UNIT PROPERTIES ON HUGE LOTS. Total lot size 25,867 square feet. (3) 3 bedroom 1.5 bath houses and (3) 2 bedroom 1 bath houses. All tenants LONG TERM SECTION 8 TENANTS. WELL MAINTAINED PROPERTIES LONG TERM OWNER RETIRING. Individual gas and electric meters. POTENTIAL TO BUILD 4 ADDITIONAL UNITS

Last Agent to Sell the Property

Steve Gamez

P.R.S. Properties License #00586247 Listed on: 03/15/2017

Last Buyer's Agent

Steve Gamez

P.R.S. Properties License #00586247 Listed on: 03/15/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,343

Year Built

  • Built in 1920

Lot Details

  • 0.59 Acre Lot
  • No Common Walls
  • Private Yard
  • Density is 11-15 Units/Acre
  • 5016036011

Home Design

  • Composition Roof

Interior Spaces

  • 5,512 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Parking

  • Parking Available
  • Driveway
  • Paved Parking
  • Uncovered Parking

Additional Features

  • Accessible Parking
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 11
  • Tax Tract Number 971
  • Assessor Parcel Number 5016036010

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $28,096
  • Gross Income $107,616
  • Net Operating Income $80,712

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,343

Year Built

Built in 1920

Lot Details

0

Listing Details

  • CapRate: 6.00
  • Property Attached: No
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5016036010
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: Parking, See Remarks
  • Levels: One
  • Price Per Square Foot: 226.78

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered, Driveway, Concrete

Utilities

  • Utilities: Electricity Connected, Sewer Connected
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5016036011
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Lot 20000-39999 Sqft, Yard
  • Lot Size Sq Ft: 25867.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Multiplier: 13.47
  • Gross Operating Income: 107616.00
  • Gross Scheduled Income: 107616.00
  • Net Operating Income: 80712.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 26904.00
  • Operating Expense Percent: 25.00
  • Rent Control: Yes
  • Total Actual Rent: 8968.00
  • Total Expenses: 28096.00

Tax Info

  • Tax Census Tract: 2324.00
  • Tax Lot: 11
  • Tax Tract Number: 971

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2017
Sold by
Boyer Joddy A and The Joddy A Boyer Separate Pro
Bought by
Worldwide Real Estate Llc
Current Estimated Value
$1,067,667

Purchase Details

Closed on
Feb 13, 2015
Sold by
Boyer Joddy A
Bought by
Boyer Joddy A and The Joddy A Boyer Separate Pro

Purchase Details

Closed on
Sep 24, 1996
Sold by
Washington Frieda D
Bought by
Wiley Joel and Boyer Joddy A
Source: Public Records

Range of Values:

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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
Worldwide Real Estate Llc $1,250,000 First American Title Company
Boyer Joddy A -- None Available
Wiley Joel $1,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open World $750,000
Previous Owner Boyer Joddy A $208,400
Previous Owner Wiley Joel $216,400
Previous Owner Wiley Joel $250,000
Previous Owner Wiley Joel $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2017 07/31/17 Sold $1,250,000 -13.8% $227 / Sq Ft
03/15/2017 03/15/17 For Sale $1,450,000 -- $263 / 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 $7,343 $572,324 $435,787 $136,537
2024 $7,343 $561,103 $427,243 $133,860
2023 $7,213 $550,102 $418,866 $131,236
2022 $6,900 $539,316 $410,653 $128,663
2021 $6,808 $528,742 $402,601 $126,141
2020 $6,872 $523,321 $398,473 $124,848
2019 $6,616 $513,060 $390,660 $122,400
2018 $6,420 $503,000 $383,000 $120,000
2016 $3,807 $288,287 $165,254 $123,033
2015 $3,756 $283,957 $162,772 $121,185
2014 $2,586 $179,349 $54,465 $124,884
Source: Public Records

Agents Affiliated with this Home

  • Steve Gamez

    Seller's Agent in 2017

    Steve Gamez

    P.R.S. Properties

    (714) 328-0832

    4 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17053158

California Regional Multiple Listing Service (CRMLS)

APN: 5016-036-010

California Los Angeles County Los Angeles 90062 Vermont Square

1629 W 51st St, Los Angeles, CA

This home is located at 1629 W 51st St, Los Angeles, CA 90062 since 15 March 2017 and is currently estimated at $1,189,333, approximately $215 per square foot. This property was built in 1920. 1629 W 51st 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.

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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