NOT LISTED FOR SALE

1806 Alsace Ave Unit 2 Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,248,000 - $1,712,047

4 Beds
2 Baths
2,433 Sq Ft
$574/Sq Ft Est. Value

Last Sold February 12, 2020

Last sale price $1,000,000 $411 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $8,501/month

About This Home

As of February 2020

This is a great opportunity to own a duplex in a desirable neighborhood in Los Angeles. Each unit has 2 Beds and 1 Bath. Owner occupied and the building will be delivered vacant at the close of escrow. Building is in need of some repairs and is being sold in as is condition.

Last Agent to Sell the Property

Albert Shumate

Transcend Real Estate Services License #00628787 Listed on: 01/21/2020

Co-Listed By

Mark Durrell

Transcend Real Estate Services License #01988513

Last Buyer's Agent

Crystal West

License #01486849

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,280

Year Built

  • Built in 1928

Lot Details

  • 5,516 Sq Ft Lot
  • Lot Dimensions are 45x122

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 2,433 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Floor Furnace

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5067-017-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,280

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2433
  • Lot Dimensions: 45X122
  • Stories: 2
  • Year Built: 1928
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 447.60

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Detached, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Heating: Floor Furnace

Lot Info

  • Assessed Improvement Value: 56586
  • Assessed Land Value: 565884
  • Assessor Parcel Number: 5067-017-002
  • Geocode Override: No
  • Lot Size Area: 5516

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.00
  • Number Of Units: 2
  • Total Annual Expense: 8400.00
  • Type Of Units: 2
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
Feb 3, 2020
Sold by
Frazier Maranda J
Bought by
Brad Property Investors Llc
Seller's Agent
Albert Shumate
Transcend Real Estate Services
Buyer's Agent
Crystal West
List Price
$1,089,021
Sold Price
$1,000,000
Premium/Discount to List
-$89,021
-8.17%
Current Estimated Value
$1,396,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,762
Avg. Annual Appreciation
6.04%
Original Mortgage
$750,000
Outstanding Balance
$664,183
Interest Rate
3.72%
Mortgage Type
Commercial
Estimated Equity
$732,579

Purchase Details

Closed on
Dec 6, 2012
Sold by
Frazier Maranda J and Frazier Maranda Justina
Bought by
Frazier Maranda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2008
Sold by
Pernecia Leighton Revocable Living Trust
Bought by
Frazier Maranda Justina

Purchase Details

Closed on
Jul 31, 2006
Sold by
Leighton Pernecia
Bought by
Pernecia Leighton Revocable Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Brad Property Investors Llc $1,000,000 Pacific Coast Title Company
Frazier Maranda J -- Lawyers Title
Frazier Maranda Justina -- None Available
Pernecia Leighton Revocable Living Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brad Property Investors Llc $750,000
Previous Owner Frazier Maranda J $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2020 02/12/20 Sold $1,000,000 -8.2% $411 / Sq Ft
01/21/2020 01/21/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $1,089,021 -- $448 / 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 $14,280 $1,169,024 $701,415 $467,609
2024 $14,155 $1,146,103 $687,662 $458,441
2023 $13,886 $1,123,631 $674,179 $449,452
2022 $13,246 $1,101,600 $660,960 $440,640
2021 $12,260 $1,010,360 $606,216 $404,144
2020 $8,226 $660,567 $600,519 $60,048
2019 $7,905 $647,616 $588,745 $58,871
2018 $7,783 $634,918 $577,201 $57,717
2016 $7,427 $610,266 $554,789 $55,477
2015 $7,319 $601,100 $546,456 $54,644
2014 $7,351 $589,326 $535,752 $53,574
Source: Public Records

Agents Affiliated with this Home

  • Albert Shumate

    Seller's Agent in 2020

    Albert Shumate

    Transcend Real Estate Services

    (323) 533-4509

    14 Total Sales

    Albert Shumate
    Section Image

  • M

    Seller Co-Listing Agent in 2020

    Mark Durrell

    Transcend Real Estate Services

    Section Image

  • C

    Buyer's Agent in 2020

    Crystal West

See All Agents

Map

Source: The MLS

MLS Number: 20-546994

The MLS

APN: 5067-017-002

California Los Angeles County Los Angeles 90019 Mid-City

1806 Alsace Ave Unit 2, Los Angeles, CA

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