NOT LISTED FOR SALE

251 Rosemont Ave Unit 10 Los Angeles, CA 90026

Westlake Neighborhood

Estimated Value: $3,000,000

10 Beds
10 Baths
3,584 Sq Ft
$837/Sq Ft Est. Value

Last Sold April 16, 2015

Last sale price $1,575,000 $439 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $18,417/month

11 Days on Market

Highlights

  • 14,400 Sq Ft lot
  • 1-Story Property
  • 5-minute walk to Lake Street Park
  • 8 Car Detached Garage

About This Home

As of April 2015

This home is located at 251 Rosemont Ave Unit 10, Los Angeles, CA 90026 since 28 February 2015 and is currently estimated at $3,000,000, approximately $837 per square foot. This property was built in 1929. 251 Rosemont Ave Unit 10 is a home located in Los Angeles County with nearby schools including Rosemont Avenue Elementary School, Virgil Middle School, and Belmont High School.

Last Agent to Sell the Property

Toshiya Yamamoto

Magna Capital Group, Inc. License #01379591 Listed on: 02/28/2015

Last Buyer's Agent

Toshiya Yamamoto

Magna Capital Group, Inc. License #01379591 Listed on: 02/28/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,907

Year Built

  • Built in 1929

Lot Details

  • 0.33 Acre Lot

Parking

  • 8 Car Detached Garage

Interior Spaces

  • 10 Bedrooms
  • 3,584 Sq Ft Home
  • 1-Story Property

Community Details

  • 10 Buildings
  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5157-012-032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,907

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3584
  • Stories: 1
  • Year Built: 1929
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Price Per S Q F T: 412.95

Exterior Features

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

Garage/Parking

  • Covered Parking: 8
  • Parking Garage: Detached
  • Total Parking: 8

Lot Info

  • Assessed Improvement Value: 115919
  • Assessed Land Value: 281348
  • Assessor Parcel Number: 5157-012-032
  • Geocode Override: No
  • Lot Size Area: 14400

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 15.10
  • Number Of Units: 10
  • Rent Control: 3
  • Total Annual Expense: 13000
  • Type Of Units: bungalow
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2015
Closed on
Apr 13, 2015
Sold by
Wong Jean C and The Wong Family Trust
Bought by
Creative Multifamily Llc
Seller's Agent
Toshiya Yamamoto
Magna Capital Group, Inc.
Buyer's Agent
Toshiya Yamamoto
Magna Capital Group, Inc.
List Price
$14,800,000
Sold Price
$1,575,000
Premium/Discount to List
-$13,225,000
-89.36%
Current Estimated Value
$3,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,425,000
Avg. Annual Appreciation
6.43%
Original Mortgage
$1,636,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 2001
Sold by
Wong Jean C
Bought by
Wong Jean C and Wong Family Trust

Purchase Details

Closed on
Jul 28, 1997
Sold by
Rhodes Kimberly A
Bought by
Wong Jean C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Interest Rate
7.44%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 1996
Sold by
Taira Keiko and The Taira Family Trust
Bought by
Rhodes Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 1995
Sold by
Taira Keiko
Bought by
Taira Keiko and The Taira Family Trust
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
Creative Multifamily Llc $1,575,000 Title 365
Wong Jean C -- --
Wong Jean C $305,000 Commonwealth Title
Rhodes Kimberly A $175,000 First American Title Co
Taira Keiko -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Creative Multifamily Llc $2,000,000
Closed Creative Multifamily Llc $1,975,000
Closed Creative Multifamily Llc $1,636,000
Previous Owner Wong Jean C $350,000
Previous Owner Wong Jean C $213,500
Previous Owner Rhodes Kimberly A $155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2015 04/16/15 Sold $1,575,000 -89.4% $439 / Sq Ft
03/11/2015 03/11/15 Pending -- -- --
02/28/2015 02/28/15 For Sale $14,800,000 -- $4,129 / 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 $23,907 $1,892,904 $1,325,636 $567,268
2024 $23,907 $1,855,790 $1,299,644 $556,146
2023 $23,469 $1,819,403 $1,274,161 $545,242
2022 $22,429 $1,783,729 $1,249,178 $534,551
2021 $22,125 $1,748,755 $1,224,685 $524,070
2020 $22,337 $1,730,825 $1,212,128 $518,697
2019 $21,492 $1,696,888 $1,188,361 $508,527
2018 $21,207 $1,663,616 $1,165,060 $498,556
2016 $20,198 $1,599,018 $1,119,820 $479,198
2015 $5,971 $405,204 $286,969 $118,235
2014 $6,061 $397,267 $281,348 $115,919
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Toshiya Yamamoto

    Magna Capital Group, Inc.

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Map

Source: The MLS

MLS Number: 15-885653

The MLS

APN: 5157-012-032

California Los Angeles County Los Angeles 90026 Westlake

251 Rosemont Ave Unit 10, Los Angeles, CA

This home is located at 251 Rosemont Ave Unit 10, Los Angeles, CA 90026 since 28 February 2015 and is currently estimated at $3,000,000, approximately $837 per square foot. This property was built in 1929. 251 Rosemont Ave Unit 10 is a home located in Los Angeles County with nearby schools including Rosemont Avenue Elementary School, Virgil Middle School, and Belmont High School.

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