NOT LISTED FOR SALE

1640 E 49th St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $728,000 - $927,000

4 Beds
4 Baths
3,068 Sq Ft
$279/Sq Ft Est. Value

Last Sold January 12, 2023

Last sale price $780,000 $254 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,312/month

62 Days on Market

Highlights

  • Gated Parking
  • Built-In Features
  • 5-minute walk to Fred Roberts Recreation Center

About This Home

As of January 2023

1640 E 49th Street is a 4-unit value add apartment building located in South Los Angeles, CA. The building is fully occupied and has an excellent unit mix of(3) 2 Bed, 1 Bath units and (1) 3 Bed, 1 Bath unit. The property also includes ample surface parking with room for 4-5 cars and access from Morgan Avenue and 49thStreet. The property is currently operating with approximately 85% in rental upside, allowing for significant value to be added for the next owner. South Los Angeles has seen steady growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Huntington Park, Vernon, and Orange County. Rents in South LA have grown significantly over the past two years with average 2 bedroom market rents reaching $2,250, a nearly 20% increase from2020. With low vacancy rates, landlord favoredmarket conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Last Agent to Sell the Property

Sagiv Rosano

Rosano Partners License #01380809 Listed on: 09/30/2022

Last Buyer's Agent

Sagiv Rosano

Rosano Partners License #01380809 Listed on: 09/30/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,073

Year Built

  • Built in 1923

Lot Details

  • 4,600 Sq Ft Lot

Interior Spaces

  • 3,068 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway
  • Gated Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units
  • Vacancy Allowance $1,851

Listing and Financial Details

  • Assessor Parcel Number 5106-021-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,073

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3068
  • Lot Acreage: 0.1056
  • Stories: 2
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Range/Oven
  • Price Per S Q F T: 285.20

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway, Gated
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 5106-021-007
  • Lot Size Area: 4600

Rental Info

  • Total Actual Rent: 61438.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.24
  • Number Of Units: 4
  • Type Of Units: Apartment
  • Vacancy Allow: 1851
  • Vacancy Allow Percent: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2022
Closed on
Jan 9, 2023
Sold by
Baseri Sara
Bought by
Cohanshad Pouya
Seller's Agent
Sagiv Rosano
Rosano Partners
Buyer's Agent
Sagiv Rosano
Rosano Partners
List Price
$1,000,000
Sold Price
$780,000
Premium/Discount to List
-$220,000
-22%
Views
28
Current Estimated Value
$854,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,673
Avg. Annual Appreciation
3.33%
Original Mortgage
$546,000
Outstanding Balance
$528,185
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$326,488

Purchase Details

Listed on
Sep 30, 2022
Closed on
Dec 22, 2022
Sold by
Sola Impact Fund Ii Lp
Bought by
Cohanshad Pouya and Baseri Saman
Seller's Agent
Sagiv Rosano
Rosano Partners
Buyer's Agent
Sagiv Rosano
Rosano Partners
List Price
$1,000,000
Sold Price
$780,000
Premium/Discount to List
-$220,000
-22%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$546,000
Outstanding Balance
$528,185
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$326,488

Purchase Details

Closed on
Jul 16, 2019
Sold by
Amdiak Llc
Bought by
Sola Impact Fund Ii Lp

Purchase Details

Closed on
Mar 15, 2017
Sold by
Moses Artoor
Bought by
Amdiak Llc

Purchase Details

Closed on
Oct 6, 2016
Sold by
Amdiak Llc
Bought by
Moses Artoor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,000
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2015
Sold by
Bank Of America Na
Bought by
Amdiak Llc

Purchase Details

Closed on
Dec 2, 2014
Sold by
Reyes Jattir Isaias
Bought by
Bank Of America Na

Purchase Details

Closed on
Mar 3, 2003
Sold by
Hud
Bought by
Reyes Jattir Isaias

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,400
Interest Rate
5.72%

Purchase Details

Closed on
Dec 9, 2002
Sold by
Principal Residential Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Aug 22, 2002
Sold by
Sanabria George and Calderon Valeria
Bought by
Principal Residential Mtg Inc

Purchase Details

Closed on
Apr 22, 1999
Sold by
Rincon Manuel and Rincon Dea
Bought by
Sanabrian George and Calderon Valeria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,169
Interest Rate
7.47%

Purchase Details

Closed on
Dec 9, 1998
Sold by
Rincon Manuel
Bought by
Rincon Manuel and Rincon Dea C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
3.35%

Purchase Details

Closed on
Sep 16, 1998
Sold by
Rincon Dea C
Bought by
Rincon Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.88%

Purchase Details

Closed on
Aug 31, 1998
Sold by
Washington Mutual Bank Fa
Bought by
Rincon Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.88%

Purchase Details

Closed on
Feb 23, 1998
Sold by
Buenrostro Bernardita and Sanchez Juan Buenrostro
Bought by
Washington Mutual Bank Fa

Purchase Details

Closed on
Aug 27, 1997
Sold by
Buenrostro Juan and Buenrostro Bernardita
Bought by
Henao Ramon
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
Cohanshad Pouya -- None Listed On Document
Cohanshad Pouya $780,000 Ticor Title
Sola Impact Fund Ii Lp $605,000 North American Title Co
Amdiak Llc -- None Available
Moses Artoor -- North American Title Co
Moses Artoor -- North American Title Co
Amdiak Llc $295,000 Stewart Title Guaranty
Bank Of America Na $425,000 None Available
Reyes Jattir Isaias $298,000 United Title Company
Hud -- First American Title Co
Principal Residential Mtg Inc $277,984 First American Title Ins Co
Sanabrian George $270,000 Stewart Title
Rincon Manuel -- United Title
Rincon Manuel -- Chicago Title Co
Rincon Manuel $165,000 Chicago Title Co
Washington Mutual Bank Fa $98,000 Chicago Title Co
Henao Ramon $5,718 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cohanshad Pouya $546,000
Previous Owner Moses Artoor $286,000
Previous Owner Reyes Jattir Isaias $238,400
Previous Owner Sanabrian George $262,169
Previous Owner Rincon Manuel $170,000
Previous Owner Rincon Manuel $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2023 01/12/23 Sold $780,000 -10.9% $254 / Sq Ft
12/01/2022 12/01/22 Pending -- -- --
11/23/2022 11/23/22 Price Changed $875,000 -12.5% $285 / Sq Ft
09/30/2022 09/30/22 For Sale $1,000,000 -- $326 / 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 $10,073 $811,512 $260,100 $551,412
2024 $10,073 $795,600 $255,000 $540,600
2023 $8,156 $635,960 $394,191 $241,769
2022 $7,787 $623,491 $386,462 $237,029
2021 $7,681 $611,267 $378,885 $232,382
2019 $6,308 $495,230 $312,120 $183,110
2018 $6,578 $515,456 $257,728 $257,728
2016 $6,757 $495,442 $247,721 $247,721
2015 $5,370 $420,000 $210,000 $210,000
2014 $4,685 $352,073 $92,151 $259,922
Source: Public Records

Agents Affiliated with this Home

  • Sagiv Rosano

    Seller's Agent in 2023

    Sagiv Rosano

    Rosano Partners

    (213) 802-0262

    1 in this area

    8 Total Sales

    Sagiv Rosano
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Map

Source: The MLS

MLS Number: 22-204717

The MLS

APN: 5106-021-007

California Los Angeles County Los Angeles 90011 Central Alameda

1640 E 49th St, Los Angeles, CA

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