NOT LISTED FOR SALE

228 W 45th St Los Angeles, CA 90037

South Park Neighborhood

Estimated Value: $733,882 - $946,000

5 Beds
4 Baths
3,288 Sq Ft
$256/Sq Ft Est. Value

Last Sold February 26, 2013

Last sale price $303,000 $92 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $4,990/month

90 Days on Market

About This Home

As of February 2013

DO NOT MISS THIS OPPORTUNITY!! 4 UNITS IN THE HEART OF LOS ANGELES. GREAT INCOME PROPERTY. UPSTAIRS UNITS EACH 2BR/1BA. DOWNSTAIRS 1BR/1BA EACH AND A LARGE BONUS ROOM. PLEASE DRIVE BY ONLY -- DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Borislav Borisov

CB Equity Investment, Inc. License #01919026 Listed on: 11/21/2012

Last Buyer's Agent

Ronnie Ratzlaff

Estate Properties License #01259055

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,438

Year Built

  • Built in 1911

Lot Details

  • 5,204

Home Design

  • 3,288 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 1 Parking Space
  • On-Street Parking

Additional Features

  • Oven or Range
  • 5,204 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5110-005-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,438

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3288
  • Lot Dimensions: A.0.1195
  • Year Built: 1911
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Hood Fan, Range/Oven
  • Price Per S Q F T: 136.56

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: On street
  • Total Parking: 1

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 205000
  • Assessed Land Value: 95000
  • Assessor Parcel Number: 5110-005-009
  • Lot Size Area: 5204

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.00
  • Number Of Units: 4
  • Total Annual Expense: 4800
  • Type Of Units: QUADRUPLEX
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2019
Sold by
Le Charles H and Charles H Le Trust
Bought by
Sapphire Cl Investments Llc
Current Estimated Value
$843,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,000
Outstanding Balance
$381,664
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$476,991

Purchase Details

Closed on
Nov 10, 2016
Sold by
Le Charles H
Bought by
Le Charles H and Charles H Le Trust

Purchase Details

Closed on
Nov 10, 2014
Sold by
Sydney Investments Llc
Bought by
Le Charles H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 4, 2014
Sold by
Le Charles H
Bought by
Sydney Investments Llc

Purchase Details

Closed on
Aug 14, 2013
Sold by
Sydney Investments Llc
Bought by
Le Charles H

Purchase Details

Listed on
Nov 21, 2012
Closed on
Jan 29, 2013
Sold by
Petrosian Margarita
Bought by
Sydney Investments Llc
Seller's Agent
Borislav Borisov
CB Equity Investment, Inc.
Buyer's Agent
Ronnie Ratzlaff
Estate Properties
List Price
$399,000
Sold Price
$303,000
Premium/Discount to List
-$96,000
-24.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.64%
Original Mortgage
$207,000
Interest Rate
3.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2004
Sold by
Yesayan Arman
Bought by
Petrosian Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2004
Sold by
Castaneda Saul
Bought by
Petrosian Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2003
Sold by
Ortiz Investments Inc
Bought by
Castaneda Saul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2003
Sold by
The Bank Of New York
Bought by
Ortiz Evaristo and Ortiz Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
4.6%

Purchase Details

Closed on
Jan 3, 2003
Sold by
Canister Ale
Bought by
Equicredit Corp Of America

Purchase Details

Closed on
Apr 21, 2000
Sold by
Adams Michelle B
Bought by
Canister Ale and Canister Tammy Yvette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
8.22%

Purchase Details

Closed on
Aug 12, 1998
Sold by
Brown Courtney J
Bought by
Adams Michelle Brown

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 1998
Sold by
Helms Delbert
Bought by
Adams Michelle Brown

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.91%
Mortgage Type
Purchase Money Mortgage
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
Sapphire Cl Investments Llc -- Accommodation
Le Charles H -- Accommodation
Le Charles H -- Provident Title Company
Sydney Investments Llc -- Accommodation
Le Charles H -- Fatco La
Sydney Investments Llc $303,000 Progressive Title
Petrosian Margarita -- Commonwealth Land Title Co
Petrosian Margarita $490,000 Commonwealth Land Title Co
Castaneda Saul $369,000 Stewart Title
Ortiz Investments Inc -- Stewart Title
Ortiz Evaristo $245,000 First American Title Co
The Bank Of New York -- First American Title Co
Equicredit Corp Of America $241,805 American Title
Canister Ale $310,000 Stewart Title Company
Adams Michelle Brown -- Landsafe Title
Adams Michelle Brown -- Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Le Charles H $429,000
Previous Owner Le Charles H $258,000
Previous Owner Sydney Investments Llc $207,000
Previous Owner Petrosian Margarita $343,000
Previous Owner Castaneda Saul $308,000
Previous Owner Ortiz Evaristo $196,000
Previous Owner Canister Ale $267,750
Previous Owner Canister Ale $232,500
Previous Owner Adams Michelle Brown $120,000
Previous Owner Adams Michelle Brown $120,000
Previous Owner Brown Courtney $10,000
Closed Canister Ale $46,500
Closed Castaneda Saul $77,000
Closed Petrosian Margarita $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2013 02/26/13 Sold $303,000 -24.1% $92 / Sq Ft
02/19/2013 02/19/13 Pending -- -- --
11/21/2012 11/21/12 For Sale $399,000 -- $121 / 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 $6,438 $504,767 $228,347 $276,420
2024 $6,438 $494,870 $223,870 $271,000
2023 $6,320 $485,168 $219,481 $265,687
2022 $6,037 $475,656 $215,178 $260,478
2021 $5,949 $466,330 $210,959 $255,371
2020 $6,003 $461,549 $208,796 $252,753
2019 $5,777 $452,500 $204,702 $247,798
2018 $5,690 $443,629 $200,689 $242,940
2017 $5,569 $434,931 $196,754 $238,177
2016 $5,413 $426,404 $192,897 $233,507
2015 $5,337 $420,000 $190,000 $230,000
2014 $4,070 $420,000 $150,000 $270,000
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Borislav Borisov

    CB Equity Investment, Inc.

  • Ronnie Ratzlaff

    Buyer's Agent in 2013

    Ronnie Ratzlaff

    Estate Properties

    (310) 802-6000

    1 Total Sale

    Ronnie Ratzlaff
    Section Image
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Map

Source: The MLS

MLS Number: 12-639681

The MLS

APN: 5110-005-009

California Los Angeles County Los Angeles 90037 South Park

228 W 45th St, Los Angeles, CA

This home is located at 228 W 45th St, Los Angeles, CA 90037 since 21 November 2012 and is currently estimated at $843,221, approximately $256 per square foot. This property was built in 1911. 228 W 45th St is a home located in Los Angeles County with nearby schools including West Vernon Avenue Elementary School, William Jefferson Clinton Middle School, and Thomas Jefferson Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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