NOT LISTED FOR SALE

251 Emerald St Los Angeles, CA 90026

Westlake Neighborhood

Estimated Value: $686,000 - $1,084,000

2 Beds
2 Baths
1,104 Sq Ft
$777/Sq Ft Est. Value

Last Sold January 30, 2012

Last sale price $315,000 $285 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $4,909/month

43 Days on Market

Highlights

  • Property is near a park
  • Brick Porch or Patio
  • 2 Car Garage
  • Victorian Architecture
  • Ceiling Fan
  • 4-minute walk to Vista Hermosa Natural Park

About This Home

As of January 2012

Move in ready 3 story duplex. Upstairs Unit is 2 floors with 4 BR and 3 BA and and bottom floor is 2 BR 1 BA. Kitchens updated and copper plumbing throughout. Each unit has its own outdoor space. Detached 2 Car Garage with separate laundry room. Conveniently located close to downtown and Echo Park's night life and eateries. Pick your own tenants and set your own rents or live in one and let your tenant pay most of the mortgage. Property sold as is. Actual square footage exceeds tax assessor records. Some work may have been done without permits. Listing agent is owner's mother. Property will be delivered vacant.

Last Agent to Sell the Property

Carmela De Marco

Carmela De Marco License #00447260 Listed on: 11/02/2011

Last Buyer's Agent

Amanda Collins

Amanda Collins Real Estate License #01394757

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,782

Year Built

  • Built in 1891 | Remodeled

Lot Details

  • 2,875

Parking

  • 2 Car Garage

Home Design

  • Victorian Architecture

Interior Spaces

  • 1,104 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Remodeled Bathroom
  • Low Flow Toliet
  • Low Flow Shower

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Additional Features

  • Brick Porch or Patio
  • 2,875 Sq Ft Lot
  • Property is near a park

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5152-010-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,782

Year Built

Built in 1891 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Victorian
  • Street Number Display: Yes
  • Living Area: 1104
  • Property Condition: Updated/Remodeled
  • Stories: 3
  • Year Built: 1891
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bathroom Features: Low Flow Shower(s), Low Flow Toilet(s), Remodeled
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 317.03

Exterior Features

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

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 3
  • Sewer: In Street
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 31836
  • Assessed Land Value: 530604
  • Assessor Parcel Number: 5152-010-011
  • Lot Location: Alley Access, Park Nearby
  • Lot Size Area: 2875

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2018
Sold by
Ghoghaie Hadis
Bought by
Schertzer Brent A
Current Estimated Value
$857,364

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Outstanding Balance
$502,657
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$354,707

Purchase Details

Closed on
Jul 20, 2018
Sold by
Schertzer Brent A
Bought by
Schertzer Brent A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Outstanding Balance
$502,657
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$354,707

Purchase Details

Listed on
Nov 2, 2011
Closed on
Jan 23, 2012
Sold by
Cadava Michael and Cadava Elizabeth
Bought by
Schertzer Brent A
Seller's Agent
Carmela De Marco
Carmela De Marco
Buyer's Agent
Amanda Collins
Amanda Collins Real Estate
List Price
$350,000
Sold Price
$315,000
Premium/Discount to List
-$35,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.55%
Original Mortgage
$303,975
Interest Rate
3.88%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 17, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Cadava Michael and Cadava Elizabeth

Purchase Details

Closed on
Sep 8, 2009
Sold by
Pascual Mario Andrez and Pascual Candelaria L
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jun 27, 2006
Sold by
Manuel Francisco F
Bought by
Pascual Mario Andrez and Pascual Candelaria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2004
Sold by
Barak Enterprises Inc
Bought by
Manuel Francisco F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2003
Sold by
Baharinejad Benjamin G
Bought by
Koresh Ilana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,250
Interest Rate
5.85%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 12, 2003
Sold by
Atzmon Yoav
Bought by
Koresh Ilana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,250
Interest Rate
5.85%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 19, 1995
Sold by
Toluca Emerald Partnership
Bought by
Baharinejad Benjamin G
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
Schertzer Brent A -- Property Id Title Company
Schertzer Brent A -- Property Id Title Company
Schertzer Brent A $315,000 Fatcola
Cadava Michael $115,000 Lsi Title Company Ca
Deutsche Bank National Trust Company $187,500 Accommodation
Pascual Mario Andrez $530,000 Fidelity Title Company
Manuel Francisco F $355,000 Commerce Title Co
Koresh Ilana $100,000 Commerce Title Company
Koresh Ilana -- Commerce Title Company
Baharinejad Benjamin G $50,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schertzer Brent A $580,000
Closed Schertzer Brent A $580,000
Closed Schertzer Brent A $303,975
Previous Owner Pascual Mario Andrez $424,000
Previous Owner Manuel Francisco F $284,000
Previous Owner Koresh Ilana $159,250
Closed Manuel Francisco F $71,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2012 01/30/12 Sold $315,000 -10.0% $285 / Sq Ft
12/15/2011 12/15/11 Pending -- -- --
11/02/2011 11/02/11 For Sale $350,000 -- $317 / 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 $4,782 $395,646 $251,206 $144,440
2024 $4,782 $387,889 $246,281 $141,608
2023 $4,693 $380,284 $241,452 $138,832
2022 $4,479 $372,828 $236,718 $136,110
2021 $4,417 $365,519 $232,077 $133,442
2019 $4,285 $354,680 $225,195 $129,485
2018 $4,240 $347,727 $220,780 $126,947
2016 $4,049 $334,225 $212,207 $122,018
2015 $3,990 $329,206 $209,020 $120,186
2014 $4,013 $322,758 $204,926 $117,832
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Carmela De Marco

    Carmela De Marco

  • A

    Buyer's Agent in 2012

    Amanda Collins

    Amanda Collins Real Estate

    (323) 644-9081

    4 Total Sales

    Amanda Collins
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Map

Source: The MLS

MLS Number: 11-564367

The MLS

APN: 5152-010-011

California Los Angeles County Los Angeles 90026 Westlake

251 Emerald St, Los Angeles, CA

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