NOT LISTED FOR SALE

1659 W 53rd St Los Angeles, CA 90062

Vermont Square Neighborhood

Estimated Value: $761,000 - $978,000

4 Beds
2 Baths
2,070 Sq Ft
$425/Sq Ft Est. Value

Last Sold July 24, 2017

Last sale price $520,000 $251 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $5,248/month

34 Days on Market

Highlights

  • Traditional Architecture
  • Granite Countertops
  • Laundry Room
  • Wood Flooring
  • No HOA
  • Landscaped

About This Home

As of July 2017

Prime 2 unit property. Front house is a 3 bedroom 1 bath with 1349 square feet. The rear unit is a detached 1 bedroom 1 bath house with 676 square feet that was built in 1923. Both units have had a "face-lift". New wood and tile floors, paint, kitchen cabinets, and remodeled bath. Fantastic opportunity to live in a 3 bedroom home and rent the other to help with the mortgage payment. Or, for an investor to get maximum going rental income due to the condition and location of the homes on the lot. Yard for the front unit and rear unit as well. Can take advantage of units being vacant so you can establish the going rent. New water heaters and termite completion. Both units also have their own laundry rooms inside. Central to all amenities. Property is gated. Garage is old and used as a storage. It would accommodate 1 car and is accessible from the alley. Rents listed are an estimate based on surveying similar units within a 2 mile radius.

Last Agent to Sell the Property

CHRISTINE FLORES

JFI REALTY License #01050420 Listed on: 04/25/2017

Last Buyer's Agent

Jorge Flores

LA Equity Group, Inc. License #00954638

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,220

Year Built

  • Built in 1913 | Remodeled

Lot Details

  • 5,322 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Chain Link Fence
  • Landscaped
  • Level Lot
  • Front Yard

Parking

  • 1 Car Garage
  • Driveway
  • On-Street Parking

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,070 Sq Ft Home
  • 1-Story Property
  • Granite Countertops
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • No Heating
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 1825
  • Assessor Parcel Number 5003011026

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,225
  • Trash Expense $240
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,625
  • Operating Expense $11,530
  • Gross Income $36,000
  • Net Operating Income $24,470

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,220

Year Built

Built in 1913 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LAR2
  • Architectural Style: Traditional
  • Property Condition: Termite Clearance, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5003011026
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Levels: One
  • Price Per Square Foot: 251.21
  • Room Type: All Bedrooms Down, Laundry

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking Features: Driveway, Garage, Street
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Level
  • Lot Size Sq Ft: 5322.00

Multi Family

  • Average1 Bed Area: 676 Square Feet
  • Average3 Bed Area: 1394 Square Feet
  • Gross Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1225.00
  • Net Operating Income: 24470.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 11530.00
  • Rent Control: No
  • Total Expenses: 11530.00

Tax Info

  • New Taxes Expense: 5625.00
  • Tax Census Tract: 2325.00
  • Tax Lot: 14
  • Tax Tract Number: 1825

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2017
Closed on
Jul 19, 2017
Sold by
Torres Josefina
Bought by
Vasquez Luis A
Seller's Agent
CHRISTINE FLORES
JFI REALTY
Buyer's Agent
Jorge Flores
LA Equity Group, Inc.
List Price
$505,000
Sold Price
$520,000
Premium/Discount to List
$15,000
2.97%
Current Estimated Value
$878,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,905
Avg. Annual Appreciation
6.58%
Original Mortgage
$384,800
Outstanding Balance
$318,927
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$559,978

Purchase Details

Listed on
Apr 25, 2017
Closed on
Jun 13, 2017
Sold by
Corral Angie and Arambula Angie
Bought by
Vasquez Luis A
Seller's Agent
CHRISTINE FLORES
JFI REALTY
Buyer's Agent
Jorge Flores
LA Equity Group, Inc.
List Price
$505,000
Sold Price
$520,000
Premium/Discount to List
$15,000
2.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,800
Outstanding Balance
$318,927
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$559,978
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
Vasquez Luis A -- Pacific Coast Title
Vasquez Luis A $520,000 Pacific Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vasquez Luis A $384,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2017 07/24/17 Sold $520,000 0.0% $251 / Sq Ft
05/29/2017 05/29/17 Pending -- -- --
05/12/2017 05/12/17 Price Changed $520,000 +3.0% $251 / Sq Ft
04/25/2017 04/25/17 For Sale $505,000 -- $244 / 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 $7,220 $591,665 $473,334 $118,331
2024 $7,220 $580,064 $464,053 $116,011
2023 $7,085 $568,691 $454,954 $113,737
2022 $6,763 $557,541 $446,034 $111,507
2021 $6,670 $546,610 $437,289 $109,321
2020 $6,734 $541,007 $432,806 $108,201
2019 $6,472 $530,400 $424,320 $106,080
2018 $6,383 $520,000 $416,000 $104,000
2016 $574 $37,018 $20,893 $16,125
2015 $568 $36,463 $20,580 $15,883
2014 $585 $35,749 $20,177 $15,572
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    CHRISTINE FLORES

    JFI REALTY

    (626) 347-8194

    22 Total Sales

    CHRISTINE FLORES
    Section Image

  • J

    Buyer's Agent in 2017

    Jorge Flores

    LA Equity Group, Inc.

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17089575

California Regional Multiple Listing Service (CRMLS)

APN: 5003-011-027

California Los Angeles County Los Angeles 90062 Vermont Square

1659 W 53rd St, Los Angeles, CA

This home is located at 1659 W 53rd St, Los Angeles, CA 90062 since 25 April 2017 and is currently estimated at $878,905, approximately $424 per square foot. This property was built in 1913. 1659 W 53rd 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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