NOT LISTED FOR SALE

2511 W Jefferson Blvd Los Angeles, CA 90018

Jefferson Park Neighborhood

Estimated Value: $948,170

-- Bed
-- Bath
3,458 Sq Ft
$274/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $750,000 $217 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,894/month

63 Days on Market

About This Home

As of September 2020

We are pleased to present this mixed-use commercial property located in the Jefferson Park submarket of Los Angeles. The front building consists of a restaurant with an office space above, which has been used as a one-bedroom apartment. There is another residential structure directly behind the restaurant containing two - one-bedroom apartments. Additionally, there is a two-car garage at the rear of the lot. The property was built in 1917. It is approximately 3,458 square feet and is situated on 5,254 square feet of land. The zoning for this site is LAC2. Just west of the property are several new developments of office, retail, loft, and multi-residential. Mid-City is an up and coming location attracting many new businesses and investments. According to the City, up to 7,880 total square feet can be built on the site. Buyer and Buyer's agent to check with the City and independently verified. Seller makes no warranties or guarantees.

Last Agent to Sell the Property

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 04/14/2020

Last Buyer's Agent

Julie Olsen

Olsen Realty License #01435744

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,167

Year Built

  • Built in 1917

Lot Details

  • 5,254

Parking

  • 2 Car Garage

Interior Spaces

  • 3,458 Sq Ft Home
  • 2-Story Property

Additional Features

  • 5,254 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5051-039-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,167

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3458
  • Stories: 2
  • Year Built: 1917
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 216.89

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 36602
  • Assessed Land Value: 26646
  • Assessor Parcel Number: 5051-039-006
  • Geocode Override: No
  • Lot Size Area: 5254

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 17200
  • Type Of Units: Mixed Use
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2020
Closed on
Sep 3, 2020
Sold by
Hosea Marsha and Hosea Michael
Bought by
Jones Earl R and Jones Irene
Seller's Agent
Jerome McAlpin
McAlpin & Company
Buyer's Agent
Julie Olsen
Olsen Realty
List Price
$750,000
Sold Price
$750,000
Current Estimated Value
$948,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,170
Avg. Annual Appreciation
4.73%
Original Mortgage
$375,000
Outstanding Balance
$332,788
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$615,382

Purchase Details

Closed on
Oct 10, 2019
Sold by
Hosea Michael and Hosea Marsha
Bought by
Hosea Marsha and Hosea Michael

Purchase Details

Closed on
Oct 8, 2019
Sold by
Hosea Michael and Hosea Marsha
Bought by
Hosea Michael and Hosea Marsha

Purchase Details

Closed on
Feb 5, 2019
Sold by
Hosea Mary Lou and Hosea Marsha
Bought by
Hosea Marsha and Hosea Michael

Purchase Details

Closed on
May 30, 2018
Sold by
Hosea Mary Lou
Bought by
Hosea Mary Lou and Hosea Marsha

Purchase Details

Closed on
Jun 3, 2004
Sold by
Hosea Mary Lou
Bought by
Hosea Mary Lou and The Mary Lou Hosea Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
5.99%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 2002
Sold by
The Mary Lou Hosea Family Trust
Bought by
Hosea Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.18%
Mortgage Type
Commercial
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
Jones Earl R $750,000 Ticor Title
Hosea Marsha -- None Available
Hosea Michael -- None Available
Hosea Marsha -- None Available
Hosea Mary Lou -- None Available
Hosea Mary Lou -- Provident Title Company
Hosea Mary L -- Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Earl R $375,000
Previous Owner Hosea Mary Lou $145,000
Previous Owner Hosea Mary L $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2020 09/11/20 Sold $750,000 0.0% $217 / Sq Ft
06/16/2020 06/16/20 Pending -- -- --
04/14/2020 04/14/20 For Sale $750,000 -- $217 / 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 $10,167 $811,822 $611,573 $200,249
2024 $10,167 $795,905 $599,582 $196,323
2023 $9,981 $780,300 $587,826 $192,474
2022 $9,535 $765,000 $576,300 $188,700
2021 $9,404 $750,000 $565,000 $185,000
2020 $1,391 $67,116 $28,275 $38,841
2019 $1,358 $65,801 $27,721 $38,080
2018 $1,243 $64,512 $27,178 $37,334
2016 $1,159 $62,009 $26,124 $35,885
2015 $1,148 $61,078 $25,732 $35,346
2014 $1,165 $59,882 $25,228 $34,654
Source: Public Records

Agents Affiliated with this Home

  • Jerome McAlpin

    Seller's Agent in 2020

    Jerome McAlpin

    McAlpin & Company

    (310) 902-8977

    33 Total Sales

    Jerome McAlpin
    Section Image
  • Julie Olsen

    Buyer's Agent in 2020

    Julie Olsen

    Olsen Realty

    (949) 382-1413

    38 Total Sales

    Julie Olsen
    Section Image
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Map

Source: The MLS

MLS Number: 20-571084

The MLS

APN: 5051-039-006

California Los Angeles County Los Angeles 90018 Jefferson Park

2511 W Jefferson Blvd, Los Angeles, CA

This home is located at 2511 W Jefferson Blvd, Los Angeles, CA 90018 since 14 April 2020 and is currently estimated at $948,170, approximately $274 per square foot. This property was built in 1917. 2511 W Jefferson Blvd is a home located in Los Angeles County with nearby schools including Sixth Avenue Elementary School, Johnnie L. Cochran Jr. Middle School, and Susan Miller Dorsey Senior High School.

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