NOT LISTED FOR SALE

2511 W 4th St Los Angeles, CA 90057

Westlake Neighborhood

Estimated Value: $1,050,000 - $1,262,000

3 Beds
3 Baths
2,093 Sq Ft
$545/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $995,000 $475 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,286/month

3 Days on Market

Highlights

  • No Units Above
  • 3 Car Garage
  • Heating Available
  • Accessible Parking
  • Fenced
  • 1-Story Property

About This Home

As of October 2021

3 Units in a great location! 1Bed+ 1 Bath Each - Fully Occupied - - Close enough to bike to Downtown Los Angeles - R3 lot! Great Development Potential! R3 Development Site - The value is in the Land that's ripe for development!

Last Agent to Sell the Property

Rafael Ramirez

West Coast REALTORS License #01312820 Listed on: 09/10/2021

Last Buyer's Agent

David Greenberg

Rose Properties License #00946105

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,868

Year Built

  • Built in 1940

Lot Details

  • 6,496 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Fenced
  • No Sprinklers

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 2,093 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Accessible Parking
  • Heating Available

Community Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,522
  • Trash Expense $1,616
  • Water Sewer Expense $1,616
  • Operating Expense $8,840
  • Gross Income $44,713
  • Net Operating Income $35,872

Listing and Financial Details

  • Tax Tract Number 208
  • Assessor Parcel Number 5155032003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,868

Year Built

Built in 1940

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1616.41
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5155032003
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Accessibility Features: Parking
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 572.86

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Trash Expense: 1616.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 6496.00
  • Lot Size Acres: 0.1491

Multi Family

  • Gross Income: 44713.00
  • Gross Scheduled Income: 44713.00
  • Insurance Expense: 1521.56
  • Lot Size Area: 6496.0000 Square Feet
  • Net Operating Income: 35872.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Operating Expense: 8840.56
  • Rent Control: Yes
  • Total Actual Rent: 3726.10
  • Total Expenses: 8840.00

Tax Info

  • Tax Tract Number: 208...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2021
Closed on
Oct 5, 2021
Sold by
Lim Andrea and Andrea Lim Trust
Bought by
Xcite Property Ventures Llc
Seller's Agent
Rafael Ramirez
West Coast REALTORS
Buyer's Agent
David Greenberg
Rose Properties
List Price
$1,199,000
Sold Price
$995,000
Premium/Discount to List
-$204,000
-17.01%
Current Estimated Value
$1,140,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,408
Avg. Annual Appreciation
3.18%

Purchase Details

Closed on
Apr 30, 2008
Sold by
Lim Andrea and The Andrea Lim Trust
Bought by
Lim Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 2007
Sold by
Lim Andrea
Bought by
Lim Andrea and Andrea Lim Trust

Purchase Details

Closed on
Sep 22, 1999
Sold by
Lioe Mimi T F
Bought by
Lim Andrea

Purchase Details

Closed on
Jan 7, 1995
Sold by
Lim Andrea
Bought by
Lioe Mimi T F
Source: Public Records

Range of Values:

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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
Xcite Property Ventures Llc $995,000 Pacific Coast Title Company
Lim Andrea -- United General Title Company
Lim Andrea -- None Available
Lim Andrea -- None Available
Lim Andrea -- --
Lioe Mimi T F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lim Andrea $378,000
Previous Owner Lim Andrea $345,917
Previous Owner Lim Andrea $350,000
Previous Owner Lim Andrea $75,000
Previous Owner Lim Andrea $162,500
Previous Owner Lim Andrea $158,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $995,000 -17.0% $475 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $1,199,000 -- $573 / Sq Ft
Source: Ventura County Regional Data Share

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 $12,868 $1,055,901 $419,177 $636,724
2024 $12,868 $1,035,198 $410,958 $624,240
2023 $12,625 $1,014,900 $402,900 $612,000
2022 $12,047 $995,000 $395,000 $600,000
2021 $4,186 $319,462 $212,979 $106,483
2019 $4,069 $309,989 $206,663 $103,326
2018 $3,949 $303,911 $202,611 $101,300
2016 $3,765 $292,112 $194,745 $97,367
2015 $3,713 $287,725 $191,820 $95,905
2014 $3,746 $282,090 $188,063 $94,027
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Rafael Ramirez

    West Coast REALTORS

    (805) 402-4216

    1 in this area

    11 Total Sales

    Rafael Ramirez
    Section Image

  • D

    Buyer's Agent in 2021

    David Greenberg

    Rose Properties

    (818) 782-7284

    2 in this area

    8 Total Sales

    David Greenberg
    Section Image
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Map

Source: Ventura County Regional Data Share

MLS Number: V1-8333

Ventura County Regional Data Share

APN: 5155-032-003

California Los Angeles County Los Angeles 90057 Westlake

2511 W 4th St, Los Angeles, CA

This home is located at 2511 W 4th St, Los Angeles, CA 90057 since 10 September 2021 and is currently estimated at $1,140,408, approximately $544 per square foot. This property was built in 1940. 2511 W 4th St is a home located in Los Angeles County with nearby schools including Charles White Elementary School, John H. Liechty Middle School, and Belmont High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Ventura County Regional Data Share IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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