NOT LISTED FOR SALE

Estimated Value: $829,372 - $934,000

6 Beds
4 Baths
2,430 Sq Ft
$358/Sq Ft Est. Value

Last Sold January 08, 2024

Last sale price $775,000 $319 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,097/month

19 Days on Market

About This Home

As of January 2024

212 E 54th St is a three unit apartment complex located in South Los Angeles. Constructed in 1931 and sitting on a 5,330 SF Lot Zoned LARD1.5. Property consists of two buildings totaling 2,430 SF. Front building is a 4 Bedroom / 2 Bath House paying $3,700 and rear building has two 1 Bedroom / 1 Bath units paying $1,050 and $1,300 each. The property line is fully fenced on all 4 sides including the gated entrance with front and back access. This investment presents an income generating opportunity at 10.33 GRM and 7.03% Cap Rate with current rents. Property has recent upgrades; All units are separately metered for gas and electricity. Tenants are all on month to month leases, subject to LA City rent control. All tenants are current on rent. Front House can be delivered vacant. Property will be sold as is.

Last Agent to Sell the Property

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042 Listed on: 11/15/2023

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Evelyn Baez Gonzalez

Lyon Stahl Investment Real Estate, Inc. License #02103055

Last Buyer's Agent

Sean Barnett

Berkshire Hathaway HomeServices California Properties License #02007189

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 5,330 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,430 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 8 / J
  • Tax Tract Number 2294
  • Assessor Parcel Number 5101013008

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $3,038
  • Maintenance Expense $1,950
  • Water Sewer Expense $2,400
  • New Taxes Expense $9,375
  • Operating Expense $17,723
  • Net Operating Income $52,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 7.03
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LARD1.5
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5101013008
  • Year Built: 1931
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 318.93

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Walkstreet
  • Lot Size Sq Ft: 5330.00
  • Lot Size Acres: 0.1224

Multi Family

  • Gross Multiplier: 10.33
  • Gross Scheduled Income: 72600.00
  • Insurance Expense: 3038.00
  • Lot Size Area: 5330.0000 Square Feet
  • Maintenance Expense: 1950.00
  • Net Operating Income: 52700.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 17723.00
  • Rent Control: Yes
  • Total Actual Rent: 6050.00
  • Total Expenses: 17723.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9375.00
  • Tax Area: 7
  • Tax Block: J
  • Tax Census Tract: 2294.10
  • Tax Lot: 8
  • Tax Tract Number: 2294

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2017
Sold by
Salvatierra Carlos E and Salvatierra Carlos
Bought by
Salvatierra Carlos Enrique and The Carlos Enrique Salvatierra
Current Estimated Value
$868,843

Purchase Details

Listed on
Nov 25, 2015
Closed on
Jan 21, 2016
Sold by
Jjr Investments Llc
Bought by
Salvatierri Carlos
Seller's Agent
Josue Ramon
Excellence Premier Real Estate
Buyer's Agent
BRENDA cano
Brenda Cano, Broker
List Price
$448,900
Sold Price
$450,000
Premium/Discount to List
$1,100
0.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.86%
Original Mortgage
$459,675
Outstanding Balance
$365,230
Interest Rate
3.93%
Mortgage Type
VA
Estimated Equity
$503,613

Purchase Details

Listed on
Mar 20, 2015
Closed on
Apr 17, 2015
Sold by
Nationstar Mortgage Llc
Bought by
Jjr Investments Llc
Seller's Agent
Miguel Vazquez
Home Central Realty
Buyer's Agent
Miguel Vazquez
Home Central Realty
List Price
$319,800
Sold Price
$319,000
Premium/Discount to List
-$800
-0.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
60.21%

Purchase Details

Closed on
Dec 14, 2012
Sold by
Stokes Deneen
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Jul 11, 2012
Sold by
Gray Andre C
Bought by
R B F Trust

Purchase Details

Closed on
Apr 19, 2010
Sold by
Stokes Deneen
Bought by
Gray Andre C

Purchase Details

Closed on
Jun 9, 2004
Sold by
Navarro Jose Bautista
Bought by
Stokes Deneen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2003
Sold by
Hud
Bought by
Navarro Jose Bautista

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,950
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2002
Sold by
Homeside Lending Inc
Bought by
Hud

Purchase Details

Closed on
Jan 3, 2002
Sold by
Bell Destry E
Bought by
Homeside Lending Inc

Purchase Details

Closed on
Aug 23, 2000
Sold by
Dhp Investments
Bought by
Bell Destry E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,209
Interest Rate
7.67%
Mortgage Type
FHA

Purchase Details

Closed on
May 22, 2000
Sold by
Bankers Trust Co
Bought by
Dhp Investments

Purchase Details

Closed on
Sep 11, 1998
Sold by
Torres Martin and Torres Rosa
Bought by
Bankers Trust Company

Purchase Details

Closed on
Apr 15, 1997
Sold by
Torres Martin and Torres Rosa
Bought by
Torres Martin and Torres Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
7.86%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 2, 1992
Sold by
Torres Martin and Torres Rosa
Bought by
Torres Martin and Torres Rosa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Salvatierra Carlos Enrique -- None Available
Salvatierri Carlos $450,000 Fidelity National Title Co
Jjr Investments Llc $289,000 Fatco
Nationstar Mortgage Llc $378,746 Accommodation
R B F Trust -- None Available
Gray Andre C -- None Available
Stokes Deneen $365,000 United Title Company
Navarro Jose Bautista $219,000 United Title Company
Hud $235,550 First American Title Co
Homeside Lending Inc $235,550 First American Title Ins Co
Bell Destry E $219,000 Fidelity National Title Co
Dhp Investments $120,090 Stewart Title
Bankers Trust Company $169,849 First American Title Ins Co
Torres Martin -- Southland Title Corporation
Torres Martin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salvatierri Carlos $459,675
Previous Owner Stokes Deneen $292,000
Previous Owner Navarro Jose Bautista $207,950
Previous Owner Bell Destry E $217,209
Previous Owner Torres Martin $36,000
Closed Stokes Deneen $73,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/08/2024 01/08/24 Sold $775,000 +3.3% $319 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
11/15/2023 11/15/23 For Sale $750,000 +66.7% $309 / Sq Ft
01/25/2016 01/25/16 Sold $450,000 +0.2% $185 / Sq Ft View Prior Sale
01/21/2016 01/21/16 Pending -- -- --
07/27/2015 07/27/15 For Sale $448,900 +40.7% $185 / Sq Ft
05/05/2015 05/05/15 Sold $319,000 -0.3% $131 / Sq Ft View Prior Sale
04/10/2015 04/10/15 Pending -- -- --
01/03/2015 01/03/15 For Sale $319,800 -- $132 / 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 $6,696 $790,500 $612,000 $178,500
2024 $6,696 $522,259 $232,114 $290,145
2023 $6,572 $512,019 $227,563 $284,456
2022 $6,275 $501,980 $223,101 $278,879
2021 $6,189 $492,138 $218,727 $273,411
2020 $6,247 $487,093 $216,485 $270,608
2019 $6,009 $477,543 $212,241 $265,302
2018 $5,909 $468,180 $208,080 $260,100
2016 $3,766 $293,407 $203,050 $90,357
2015 $3,933 $307,381 $230,536 $76,845
2014 $3,964 $301,361 $226,021 $75,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23210755

California Regional Multiple Listing Service (CRMLS)

APN: 5101-013-008