NOT LISTED FOR SALE

2041 S Burnside Ave Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $1,293,000 - $1,870,000

9 Beds
6 Baths
3,711 Sq Ft
$430/Sq Ft Est. Value

Last Sold October 24, 2017

Last sale price $1,099,000 $296 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $9,724/month

18 Days on Market

About This Home

As of October 2017

Unique opportunity with two homes on a lot, delivered vacant! The main house is 6 beds+ 4 baths and the rear house is 3 beds + 2 baths. Both have been remodeled with new: double pane windows, plumbing, electrical, fixtures and panels, new kitchen appliances, quartz counter tops, laminate floors, new bathrooms, new sprinkler system, and separate meters! Centrally located in Mid-City, this friendly neighborhood beams with pride and established neighbors. Live in one/rent the other, have family live in both or be the proud owner of a great income property! Gated parking plus 2-car garage, plus 4-car off street parking behind gates. Outdoor areas with lovely new landscaping ideal for entertaining. Immaculate and stylish!

Last Agent to Sell the Property

Joseph Reichling

Compass License #01427385 Listed on: 09/08/2017

Compass

Co-Listed By

Boni Bryant

Compass License #01245334

Last Buyer's Agent

Out of Area Out of Area

Out of Area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,207

Year Built

  • Built in 1925

Lot Details

  • 5,773

Interior Spaces

  • 3,711 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Parking

  • 2 Car Garage
  • Driveway

Additional Features

  • 5,773 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5063-018-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,207

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3711
  • Stories: 2
  • Year Built: 1925
  • Number Of Photos: 35
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Dishwasher, Range/Oven, Refrigerator
  • Price Per S Q F T: 296.15

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway, Driveway - Concrete, Garage - 2 Car
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 53050
  • Assessed Land Value: 212207
  • Assessor Parcel Number: 5063-018-016
  • Geocode Override: No
  • Lot Size Area: 5773

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.20
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: 2
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2019
Sold by
Granderson Marasuba Teresa
Bought by
Tmp Burnside Holdings Llc
Current Estimated Value
$1,595,117

Purchase Details

Listed on
Sep 8, 2017
Closed on
Oct 19, 2017
Sold by
Ctu Housing Llc
Bought by
Granderson Marasuba
Seller's Agent
Joseph Reichling
Compass
Buyer's Agent
Out of Area Out of Area
Out of Area
List Price
$1,099,000
Sold Price
$1,099,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.34%

Purchase Details

Listed on
Sep 8, 2017
Closed on
Oct 4, 2017
Sold by
Granderson Kwame J
Bought by
Granderson Marasuba
Seller's Agent
Joseph Reichling
Compass
Buyer's Agent
Out of Area Out of Area
Out of Area
List Price
$1,099,000
Sold Price
$1,099,000

Purchase Details

Closed on
Oct 5, 2011
Sold by
Federal National Mortgage Association
Bought by
Ctu Housing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2011
Sold by
Garcia Adalberto and Garcia Ana Maria B
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 8, 2005
Sold by
Garcia Adalberto and Garcia Ana Maria B
Bought by
Garcia Adalberto and Garcia Ana Maria B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2001
Sold by
Jovel Oscar
Bought by
Garcia Jorge and Garcia Ana Maria B

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
7.15%

Purchase Details

Closed on
Mar 29, 1996
Sold by
Vasquez Alberto
Bought by
Garcia Jorge and Garcia Ana Maria B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,900
Interest Rate
7.34%
Mortgage Type
FHA

Purchase Details

Closed on
May 18, 1995
Sold by
Household Corp Of California
Bought by
Vasquez Alberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,550
Interest Rate
7.62%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 5, 1994
Sold by
Housekey Financial Corp
Bought by
Household Finance Corp Of California
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
Tmp Burnside Holdings Llc -- None Available
Granderson Marasuba $1,099,000 Fidelity National Title Co
Granderson Marasuba -- Fidelity National Title Co
Ctu Housing Llc $250,000 Stewart Title Of California
Federal National Mortgage Association $305,714 Landsafe Title
Garcia Adalberto -- First Southwestern Title Ca
Garcia Jorge -- Gateway Title Company
Garcia Jorge $175,000 First Southwestern Title Co
Vasquez Alberto $106,000 Progressive Title Company
Household Finance Corp Of California $125,977 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Adalberto $285,000
Previous Owner Garcia Jorge $170,000
Previous Owner Garcia Jorge $170,900
Previous Owner Vasquez Alberto $133,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2017 10/24/17 Sold $1,099,000 0.0% $296 / Sq Ft
09/26/2017 09/26/17 Pending -- -- --
09/08/2017 09/08/17 For Sale $1,099,000 -- $296 / 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 $15,207 $1,250,469 $1,137,827 $112,642
2024 $15,207 $1,225,951 $1,115,517 $110,434
2023 $14,919 $1,201,914 $1,093,645 $108,269
2022 $14,234 $1,178,348 $1,072,201 $106,147
2021 $14,045 $1,155,244 $1,051,178 $104,066
2020 $14,186 $1,143,399 $1,040,400 $102,999
2019 $13,628 $1,120,980 $1,020,000 $100,980
2018 $13,489 $1,099,000 $1,000,000 $99,000
2016 $3,450 $265,257 $212,207 $53,050
2015 $3,403 $261,274 $209,020 $52,254
2014 $3,429 $256,157 $204,926 $51,231
Source: Public Records

Agents Affiliated with this Home

  • Joseph Reichling

    Seller's Agent in 2017

    Joseph Reichling

    Compass

    (323) 395-9084

    239 Total Sales

    Joseph Reichling
    Section Image
  • Boni Bryant

    Seller Co-Listing Agent in 2017

    Boni Bryant

    Compass

    (323) 854-1780

    77 Total Sales

    Boni Bryant
    Section Image

  • O

    Buyer's Agent in 2017

    Out of Area Out of Area

    Out of Area

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Map

Source: The MLS

MLS Number: 17-268798

The MLS

APN: 5063-018-016

California Los Angeles County Los Angeles 90016 Mid-City

2041 S Burnside Ave, Los Angeles, CA

This home is located at 2041 S Burnside Ave, Los Angeles, CA 90016 since 08 September 2017 and is currently estimated at $1,595,117, approximately $429 per square foot. This property was built in 1925. 2041 S Burnside Ave is a home located in Los Angeles County with nearby schools including Marvin Avenue Elementary School, Daniel Webster Middle School, and Susan Miller Dorsey Senior High School.

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