NOT LISTED FOR SALE

1857 N Avenue 53 Los Angeles, CA 90042

Estimated Value: $1,554,000 - $2,042,000

4 Beds
3 Baths
1,656 Sq Ft
$1,078/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $1,500,000 $906 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $10,959/month

40 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Fireplace in Primary Bedroom
  • Granite Countertops
  • 0.56 Acre Lot
  • Living Room with Attached Deck
  • Laundry Room

About This Home

As of October 2022

Located in vibrant Highland Park These two houses on a lot are in a compound setting. Over a half-acre of land with room to develop. This property is located just a short distance from Occidental College. York Blvd and Figueroa Street corridors are loaded with plenty of food choices for the Foodie in you. Located within minutes of the 2, 143, 110, and 5 Frwy. Close to DTLA, Old Pasadena, and the Rose Bowl. The main house features a bright and sunny open traditional floor plan. 3 bedrooms and 2 bathrooms. The second bathroom may be unpermitted. Buyer to investigate with the City of Los Angeles Building and Safety department. Recent upgrades to the front include new flooring, interior paint, bathrooms, kitchen renovations, and a new roof in front and rear houses. Electrical panels have been upgraded in 2021 The attached garage is 2 cars with 220V wiring and finished walls. Automatic garage and property door/gate. The front unit will be delivered vacant. The rear house is a one bedroom and one bath with a beautiful wrap-around deck and private yard. with its own parking space. The rear house also features many upgrades. Plenty of space for guests to park on the premises. With the potential for rental income, this fantastic property is prime for Airbnb or VRBO. The rear portion of the lot is undeveloped and ready for your building project. Additionally, there is a detached workroom with a bathroom and a small work area. The possibilities are endless. New construction, ADU, or pool. This property has not been on the market in over 50 years.

Last Agent to Sell the Property

Eddy Chavarria

Las Casas Realty, Inc. License #01040221 Listed on: 09/14/2022

Last Buyer's Agent

Bradley Holmes

Compass License #01930471

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,829

Year Built

  • Built in 1963

Lot Details

  • 0.56 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof
  • Copper Plumbing

Interior Spaces

  • 1,656 Sq Ft Home
  • Living Room with Attached Deck
  • Laminate Flooring

Kitchen

  • Range Hood
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Fireplace in Patio
  • Exterior Lighting

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage
  • Natural Gas Connected
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 3428
  • Assessor Parcel Number 5479016012
  • $455 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,800
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $5,200
  • Gross Income $22,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,829

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 5479016012
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Full, Granite Counters, Living Room Deck Attached
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Fireplace Features: Master Bedroom, Patio
  • Price Per Square Foot: 905.80
  • Room Type: All Bedrooms Down, Kitchen, Laundry

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Range Hood, Water Heater
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 24458.00
  • Lot Size Acres: 0.5615

Multi Family

  • Gross Income: 22800.00
  • Gross Scheduled Income: 22800.00
  • Insurance Expense: 2800.00
  • Lot Size Area: 24458.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 5200.00

Tax Info

  • Tax Census Tract: 1832.22
  • Tax Lot: 5
  • Tax Tract Number: 3428
  • TaxOtherAnnualAssessmentAmount: 455.00

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2022
Closed on
Oct 20, 2022
Sold by
Ramirez Pedro Murillo
Bought by
Rockwell Christopher A and Rockwell Denise B
Seller's Agent
Eddy Chavarria
Las Casas Realty, Inc.
Buyer's Agent
Bradley Holmes
Compass
List Price
$1,450,000
Sold Price
$1,500,000
Premium/Discount to List
$50,000
3.45%
Views
11
Current Estimated Value
$1,785,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,096
Avg. Annual Appreciation
5.97%
Original Mortgage
$1,140,000
Outstanding Balance
$1,096,863
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$688,233

Purchase Details

Closed on
Mar 22, 2018
Sold by
Ramirez Pedro Murillo and Juan A Dumont Revocable Trust
Bought by
Ramirez Pedro Murillo

Purchase Details

Closed on
Nov 6, 2015
Sold by
Dumont Juan A
Bought by
Dumont Juan A and Juan A Dumont Revocable Trust
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
Rockwell Christopher A $1,500,000 Wfg National Title Company Of
Ramirez Pedro Murillo -- None Available
Dumont Juan A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rockwell Christopher A $1,140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2022 10/27/22 Sold $1,500,000 +3.4% $906 / Sq Ft
09/14/2022 09/14/22 For Sale $1,450,000 -- $876 / 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 $18,829 $1,560,600 $1,040,400 $520,200
2024 $18,829 $1,530,000 $1,020,000 $510,000
2023 $18,465 $1,500,000 $1,000,000 $500,000
2022 $11,603 $962,406 $721,806 $240,600
2021 $11,462 $943,536 $707,653 $235,883
2020 $11,575 $933,862 $700,397 $233,465
2019 $11,121 $915,552 $686,664 $228,888
2018 $1,314 $87,429 $38,756 $48,673
2016 $1,241 $84,036 $37,252 $46,784
2015 $1,226 $82,775 $36,693 $46,082
2014 $1,252 $81,155 $35,975 $45,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD22200528

California Regional Multiple Listing Service (CRMLS)

APN: 5479-016-012