$1,995,000

231 N Avenue 53 Los Angeles, CA 90042

Estimated payment $12,328/month

Total Views 1,641
5 Beds
3 Baths
2,142 Sq Ft
$931 Price per Sq Ft

Highlights

  • Wood Flooring
  • Bungalow
  • 1-Story Property
  • Enclosed Patio or Porch
  • Greenbelt

About This Home

This one-of-a-kind property features an incredible main house with wraparound yards and two completely separate units (different structure) with incredible tenants. A compound that takes up the entire corner of Avenue 53 and Monte Vista. Walk to everything without having to drive. An absolutely perfect location. Main house features an open kitchen with a cozy living room, and multiple bedrooms. One of the bedrooms serves as an office and leads out through double doors to the beautiful yard. Also, an additional room has been converted into a movie theater, which leads to a spacious garage. This gem shares no walls, is completely private, and has a covered porch for warm Los Angeles nights. The wraparound yard delivers a sense of space, and there is a plethora of areas for raised garden beds. Ideal for an owner-occupied buyer who not only want convenience, but additional income. The two units (both 1+1) have huge private yards and are impeccably maintained, with interior laundry in each, and all utilities paid by the tenants. Also, there are mini-splits in the main house, as well as the units. If you have any doubts, compare this rare offering to all the other multi-units on the market. By Appointment Only.

Listing Agent

Aric Cushing/ Ascent

Meridian Capital Real Estate License #01384415 Listed on: 07/01/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,493

Year Built

  • Built in 1949

Lot Details

  • 6,491 Sq Ft Lot
  • Property is zoned LARD2

Parking

  • 4 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Bungalow

Interior Spaces

  • 2,142 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Property is located within a water district
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5468-019-018

Community Details

Overview

  • 3 Units
  • Greenbelt

Building Details

  • Rent Control

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,493

Year Built

Built in 1949

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 2142
  • Lot Acreage: 0.1490
  • Stories: 1
  • Year Built: 1949
  • Number Of Photos: 48
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 5
  • Common Walls: Detached/No Common Walls
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Dryer, Washer
  • Price Per S Q F T: 931.37

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Enclosed
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 4
  • Garage Structures: 1
  • Parking Garage: Garage Is Attached
  • Total Parking: 4

Utilities

  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 26.13
  • Assessed Improvement Value: 367463
  • Assessed Land Percent: 73.87
  • Assessed Land Value: 1038961
  • Total Assessed Value: 1406424
  • Assessor Parcel Number: 5468-019-018
  • Lot Location: Greenbelt
  • Lot Size Area: 6491

Rental Info

  • Land Lease Type: Fee
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.80
  • Number Of Units: 3
  • Total Annual Expense: 23740
  • Type Of Units: Houses
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $17,493 $1,434,552 $1,059,740 $374,812
2024 $17,493 $1,406,424 $1,038,961 $367,463
2023 $17,149 $1,378,848 $1,018,590 $360,258
2022 $16,343 $1,351,813 $998,618 $353,195
2021 $16,139 $1,325,308 $979,038 $346,270
2020 $16,299 $1,311,720 $969,000 $342,720
2019 $16,937 $1,286,000 $950,000 $336,000
2018 $7,370 $580,944 $422,506 $158,438
2016 $7,035 $558,387 $406,100 $152,287
2015 $6,576 $520,000 $267,000 $253,000
2014 $6,387 $492,000 $252,600 $239,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $1,995,000 -- $931 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,286,000 Westminster Title Company
Grant Deed $550,000 Pacific Coast Title Company
Grant Deed -- First American Title Company
Interfamily Deed Transfer -- --
Grant Deed $287,000 Fidelity
Interfamily Deed Transfer -- Chicago Title Insurance Co
Grant Deed $166,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $746,500 New Conventional
Closed $746,500 New Conventional
Closed $750,000 Adjustable Rate Mortgage/ARM
Previous Owner $412,500 New Conventional
Previous Owner $68,363 Credit Line Revolving
Previous Owner $334,500 Fannie Mae Freddie Mac
Previous Owner $229,600 Purchase Money Mortgage
Previous Owner $162,424 FHA
Source: Public Records

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Source: The MLS

MLS Number: 25559257

The MLS

APN: 5468-019-018