NOT LISTED FOR SALE

1657 S Longwood Ave Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,169,000 - $1,696,000

8 Beds
4 Baths
3,432 Sq Ft
$445/Sq Ft Est. Value

Last Sold November 19, 2015

Last sale price $950,000 $277 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $9,213/month

120 Days on Market

About This Home

As of November 2015

A great opportunity in a prime location. This beautiful building is well maintained. Upside potential with rents. Property shown with accepted offer (subject to inspection). Great neighborhood and a trendy, highly desirable area.Four unit building with lots of potential upside for rent. Each unit has 4 carport spaces in the back. Easy to access to 10 FWY. Only a few minutes away from the new shopping center.

Last Agent to Sell the Property

Jimmy Ciau

Westco Realty License #01831100 Listed on: 11/04/2015

Last Buyer's Agent

Ehsan Torabi

LA Market Real Estate License #01149604

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,748

Year Built

  • Built in 1964

Lot Details

  • 5,657 Sq Ft Lot
  • Two or More Common Walls
  • Value in Land

Parking

  • 4 Parking Spaces

Home Design

  • 3,432 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 569
  • Assessor Parcel Number 5067006033

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $250
  • Insurance Expense $500
  • Trash Expense $150
  • Water Sewer Expense $600
  • New Taxes Expense $1,800
  • Gross Income $4,800
  • Net Operating Income $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,748

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 5067006033
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 276.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 150.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Value In Land
  • Lot Size Sq Ft: 5657.00
  • Price Per Lot Square Foot: 167.93
  • Lot Size Acres: 0.1300

Multi Family

  • Electric Expense: 250.00
  • Gross Income: 4800.00
  • Gross Scheduled Income: 4800.00
  • Insurance Expense: 500.00
  • Lot Size Area: 5657.0000 Square Feet
  • Net Operating Income: 2000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 1800.00
  • Other Income Description: Estimates Only
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 1800.00
  • Tax Lot: 18
  • Tax Tract Number: 569

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2015
Closed on
Nov 5, 2015
Sold by
Banuelos Ramon
Bought by
Shamoeil Siavash and Shamoeil Jila
Seller's Agent
Jimmy Ciau
Westco Realty
Buyer's Agent
Ehsan Torabi
LA Market Real Estate
List Price
$950,000
Sold Price
$950,000
Current Estimated Value
$1,527,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$577,436
Avg. Annual Appreciation
4.85%
Original Mortgage
$665,000
Outstanding Balance
$520,177
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$1,007,259

Purchase Details

Closed on
May 12, 2004
Sold by
Banuelos Ramon
Bought by
Banuelos Ramon C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.77%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shamoeil Siavash $950,000 Provident Title Company
Banuelos Ramon C -- Fidelity Long Beach
Banuelos Ramon -- Fidelity Long Beach
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shamoeil Siavash $665,000
Previous Owner Banuelos Ramon $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2015 11/19/15 Sold $950,000 0.0% $277 / Sq Ft
11/09/2015 11/09/15 Pending -- -- --
07/12/2015 07/12/15 For Sale $950,000 -- $277 / 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 $13,748 $1,124,601 $787,223 $337,378
2024 $13,748 $1,102,551 $771,788 $330,763
2023 $13,489 $1,080,933 $756,655 $324,278
2022 $12,873 $1,059,739 $741,819 $317,920
2021 $12,703 $1,038,961 $727,274 $311,687
2020 $12,830 $1,028,309 $719,817 $308,492
2019 $12,328 $1,008,147 $705,703 $302,444
2018 $12,219 $988,380 $691,866 $296,514
2016 $11,669 $950,000 $665,000 $285,000
2015 $4,461 $352,182 $99,911 $252,271
2014 $4,501 $345,284 $97,954 $247,330
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Jimmy Ciau

    Westco Realty

  • E

    Buyer's Agent in 2015

    Ehsan Torabi

    LA Market Real Estate

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15154748

California Regional Multiple Listing Service (CRMLS)

APN: 5067-006-033

California Los Angeles County Los Angeles 90019 Mid-City

1657 S Longwood Ave, Los Angeles, CA

Not Listed for Sale

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