NOT LISTED FOR SALE

206 N Avenue 51 Unit 1 Los Angeles, CA 90042

Estimated Value: $1,202,000 - $1,868,000

10 Beds
5 Baths
8,973 Sq Ft
$178/Sq Ft Est. Value

Last Sold July 18, 2019

Last sale price $1,100,000 $123 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $9,624/month

23 Days on Market

Highlights

  • Laundry Room
  • Front Yard
  • 1-Story Property

About This Home

As of July 2019

CALLING ON ALL INVESTORS!!! CASH ONLY OPPORTUNITY. Great investment opportunity with residual income. Quadruplex (4 units) sitting on a large lot. Live in the front home and rent the other 3 units. Close proximity to shopping centers, freeway and schools. Sold in present condition, no repairs. Buyer to do their own due diligence.

Last Agent to Sell the Property

Alia Garcia

RE/MAX CHAMPIONS License #02038726 Listed on: 04/30/2019

RE/MAX CHAMPIONS

Co-Listed By

Oralia Lala Delgado

Champions Real Estate License #01809312

Last Buyer's Agent

Oralia Lala Delgado

Champions Real Estate License #01809312

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,244

Year Built

  • Built in 1921

Lot Details

  • 8,963 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 8,973 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 2595
  • Assessor Parcel Number 5468001014

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $6,000
  • Net Operating Income $4,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,244

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Other Phone Description: (951) 505-1812
  • Other Phone Number: (562)6821540
  • Property Attached: Yes
  • View: No
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5468001014
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 122.59

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Utilities

  • Laundry: Yes
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 8963.00
  • Lot Size Acres: 0.2058

Multi Family

  • Gross Income: 6000.00
  • Gross Scheduled Income: 6000.00
  • Lot Size Area: 8963.0000 Square Feet
  • Net Operating Income: 4500.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 1500.00
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 1838.10
  • Tax Lot: 21
  • Tax Tract Number: 2595

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2019
Closed on
Jun 20, 2019
Sold by
Chairez Miguel and Chairez Maria R
Bought by
Pleshakov Tamara Silva Vera and Kauss Edward Charles
Seller's Agent
Alia Garcia
RE/MAX CHAMPIONS
Buyer's Agent
Oralia Lala Delgado
Champions Real Estate
List Price
$1,288,888
Sold Price
$1,100,000
Premium/Discount to List
-$188,888
-14.66%
Current Estimated Value
$1,595,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$495,896
Avg. Annual Appreciation
6.11%
Original Mortgage
$825,000
Outstanding Balance
$721,221
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$874,675

Purchase Details

Closed on
May 21, 2018
Sold by
Chaidez Chairez Francisco Javier and Chaidez Rojas Prancisco Javier
Bought by
Chairez Miguel and Chairez Maria R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 24, 2006
Sold by
Chairez Francisco Javier
Bought by
Chairez Francisco Javier and Chairez Miguel

Purchase Details

Closed on
Apr 17, 2006
Sold by
Chairez Maria and Chairez Francisco
Bought by
Chairez Francisco Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,750
Interest Rate
2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2005
Sold by
Chairez Miguel and Chairez Maria
Bought by
Chairez Maria and Chairez Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,020
Interest Rate
7.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2004
Sold by
Chairez Miguel and Chairez Armando
Bought by
Chairez Miguel and Chairez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,500
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 1999
Sold by
Lee Chin Y and Lee Andrew C
Bought by
Chairez Miguel and Chairez Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,448
Interest Rate
7.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 21, 1998
Sold by
Lee Ock Yan
Bought by
Lee Chin Ying
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
Pleshakov Tamara Silva Vera $1,100,000 Orange Coast Title
Chairez Miguel -- Pacific Coast Title
Chairez Francisco Javier -- None Available
Chairez Francisco Javier -- Financial Title Company
Chairez Maria -- Fidelity National Title
Chairez Miguel -- Chicago Title Co
Chairez Miguel $300,000 Fidelity Title
Lee Chin Ying -- --
Lee Chin Ying -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pleshakov Tamara Silva Vera $825,000
Previous Owner Chairez Miguel $635,000
Previous Owner Chairez Francisco Javier $531,750
Previous Owner Chairez Maria $543,020
Previous Owner Chairez Miguel $355,500
Previous Owner Chairez Miguel $297,448
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2019 07/18/19 Sold $1,100,000 -14.7% $123 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
04/30/2019 04/30/19 For Sale $1,288,888 -- $144 / 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 $15,244 $1,242,906 $842,105 $400,801
2024 $15,244 $1,218,537 $825,594 $392,943
2023 $14,954 $1,194,645 $809,406 $385,239
2022 $14,268 $1,171,222 $793,536 $377,686
2021 $13,647 $1,111,395 $777,977 $333,418
2020 $13,782 $1,100,000 $770,000 $330,000
2019 $12,972 $1,060,800 $754,800 $306,000
2018 $10,515 $427,525 $243,142 $184,383
2016 $5,164 $410,925 $233,701 $177,224
2015 $5,092 $404,753 $230,191 $174,562
2014 $5,132 $396,825 $225,682 $171,143
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19098917

California Regional Multiple Listing Service (CRMLS)

APN: 5468-001-014