NOT LISTED FOR SALE

1638 E 48th St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $943,559 - $955,000

1 Bed
2 Baths
2,993 Sq Ft
$317/Sq Ft Est. Value

Last Sold March 13, 2015

Last sale price $408,000 $136 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $5,662/month

205 Days on Market

Highlights

  • Open Floorplan
  • Main Floor Primary Bedroom
  • Granite Countertops
  • Multi-Level Bedroom
  • Bonus Room with Fireplace
  • 5-minute walk to Fred Roberts Recreation Center

About This Home

As of March 2015

INVESTOR'S DREAM!!! COME SEE THIS ONE!! WON'T LAST AT THIS PRICE!! THIS IS A DUPLEX 1638-1640 DRAMATICALLY REDUCED FOR A QUICK SALE!! SELLER'S LOST IS YOUR GAIN!! IN THE HEART OF LOS ANGELES, CLOSE TO FRWYS, ETC. GREAT INCOME PROPERTY!!! JUST NEED TLC Live in one and have the other units pay your mortgage!! Two story single family residence with 5 bedrooms and 2 bathrooms. Very spacious open concept kitchen with granite counter top, tile floors, breakfast bar and dining area. Home is perfect for a large family. Needs TLC.

BACK UNIT IS PERMITTED 1 bdrm 1bath apartment, Permitted shop was converted to a bachelor. An extra unit was add Lots of parking. Property is centrally located near schools, shopping, and freeways. Buyer and buyers agent to verify permits.
Property will be DELIVERED VACANT!! Drive by for now. Submit Offer Now Subject to Inside Inspection~

Last Agent to Sell the Property

Christian Munive

DYNASTY REAL ESTATE License #01308832 Listed on: 11/22/2014

Last Buyer's Agent

Christian Munive

DYNASTY REAL ESTATE License #01308832 Listed on: 11/22/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,538

Year Built

  • Built in 1912

Lot Details

  • 5,334 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached
  • Permanent Foundation

Interior Spaces

  • 2,993 Sq Ft Home
  • Open Floorplan
  • Bar
  • Ceiling Fan
  • Bonus Room with Fireplace
  • Carpet
  • Granite Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • Multi-Level Bedroom
  • 2 Bathrooms

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces
  • Parking Available
  • Shared Driveway
  • Paved Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 2
  • Assessor Parcel Number 5106017015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Insurance Expense $245
  • Trash Expense $600
  • Water Sewer Expense $1,125
  • Gross Income $3,500
  • Net Operating Income $3,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,538

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 1125.00
  • Property Type: Residential Income
  • Parcel Number: 5106017015
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Bar, Ceiling Fan(s), Granite Counters, Open Floorplan
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: No
  • Fireplace Features: Bonus Room
  • Levels: Two
  • Price Per Square Foot: 136.32
  • Room Type: Bonus Room, Multi-Level Bedroom, Main Floor Master Bedroom

Exterior Features

  • Foundation: Permanent
  • Fencing: Wrought Iron
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Concrete, Shared Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5334.00
  • Lot Size Acres: 0.1220

Multi Family

  • Gross Income: 3500.00
  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 245.00
  • Lot Size Area: 5334.0000 Square Feet
  • Net Operating Income: 3600.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3600.00
  • Rent Control: No

Tax Info

  • Tax Lot: 17
  • Tax Tract Number: 2
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2020
Sold by
Hernandez Diego and Bustamanta Miriam Hernandez
Bought by
Hernandez Diego and Bustamante Miriam Hernandez
Current Estimated Value
$948,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,500
Outstanding Balance
$402,556
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$546,084

Purchase Details

Closed on
Nov 23, 2015
Sold by
Rivera Hermelinda
Bought by
Rivera Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,324
Interest Rate
3.71%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 13, 2015
Sold by
Herrera Rocio Chavez
Bought by
Hernandez Diego and Bustamante Miriam Hernandez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,324
Interest Rate
3.71%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 22, 2014
Closed on
Apr 14, 2015
Sold by
Ortiz Federico
Bought by
Herrera Rocio Chavez
Seller's Agent
Christian Munive
DYNASTY REAL ESTATE
Buyer's Agent
Christian Munive
DYNASTY REAL ESTATE
List Price
$450,000
Sold Price
$408,000
Premium/Discount to List
-$42,000
-9.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.42%
Original Mortgage
$306,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 22, 2014
Closed on
Feb 18, 2015
Sold by
Valeriano Miguel and Valeriano Simona
Bought by
Ortiz Federico
Seller's Agent
Christian Munive
DYNASTY REAL ESTATE
Buyer's Agent
Christian Munive
DYNASTY REAL ESTATE
List Price
$450,000
Sold Price
$408,000
Premium/Discount to List
-$42,000
-9.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2006
Sold by
Valeriano Simona R Cortez and Valeriano Miguel F
Bought by
Valeriano Miguel and Valeriano Simona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
6.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2002
Sold by
Cortez Guillermo and Cortez Maria
Bought by
Valeriano Miguel F and Valeriano Simona R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,800
Interest Rate
6.03%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Hernandez Diego -- First American Title
Rivera Jorge -- Title 365
Hernandez Diego $479,000 Title 365
Herrera Rocio Chavez -- None Available
Ortiz Federico $408,000 Ticor Title
Valeriano Miguel -- North American Title Co
Valeriano Miguel F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Diego $452,500
Closed Rivera Jorge $470,324
Previous Owner Ortiz Federico $306,000
Previous Owner Valeriano Miguel $305,000
Previous Owner Valeriano Miguel F $193,000
Previous Owner Valeriano Miguel F $142,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2015 03/13/15 Sold $408,000 -9.3% $136 / Sq Ft
01/29/2015 01/29/15 Pending -- -- --
07/08/2014 07/08/14 For Sale $450,000 -- $150 / 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 $7,538 $604,108 $261,383 $342,725
2024 $7,538 $592,263 $256,258 $336,005
2023 $7,397 $580,651 $251,234 $329,417
2022 $7,060 $569,266 $246,308 $322,958
2021 $6,961 $558,105 $241,479 $316,626
2020 $6,536 $518,483 $140,716 $377,767
2019 $6,284 $508,317 $137,957 $370,360
2018 $6,182 $498,351 $135,252 $363,099
2016 $5,882 $479,000 $130,000 $349,000
2015 $4,138 $332,610 $113,727 $218,883
2014 $4,161 $326,096 $111,500 $214,596
Source: Public Records

Agents Affiliated with this Home

  • Christian Munive

    Seller's Agent in 2015

    Christian Munive

    DYNASTY REAL ESTATE

    (909) 605-2500

    28 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14145678

California Regional Multiple Listing Service (CRMLS)

APN: 5106-017-015

California Los Angeles County Los Angeles 90011 Central Alameda

1638 E 48th St, Los Angeles, CA

This home is located at 1638 E 48th St, Los Angeles, CA 90011 since 22 November 2014 and is currently estimated at $948,640, approximately $316 per square foot. This property was built in 1912. 1638 E 48th St is a home located in Los Angeles County with nearby schools including Ascot Avenue Elementary School, George Washington Carver Middle School, and Thomas Jefferson Senior High School.

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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