NOT LISTED FOR SALE

2522 S Burnside Ave Los Angeles, CA 90016

West Adams Neighborhood

Estimated Value: $977,000 - $1,371,000

3 Beds
3 Baths
2,263 Sq Ft
$503/Sq Ft Est. Value

Last Sold October 16, 2019

Last sale price $825,000 $365 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,880/month

13 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Carpet
  • Granite Countertops
  • Ceiling Fan
  • Wall Furnace

About This Home

As of October 2019

2522 Burnside is located walking distance from the Metro Expo Line off Farmdale Station in the Historic West Adams neighborhood in Los Angeles. This fabulous 3 unit property offers an investor and/or owner-occupier to acquire a steady investment in a strong rental market.

The 2 story property has access from two streets and boasts a decent unit mix of (3) 1 bed/1 bath. Two out of the three units have been remodeled.
The building was originally built in 1953 with a total size of 2,263 SF, sitting on 5,180 SF lot, and there are 3 total garages. All the tenants are currently Month to Month, and at below market rents. The property is in an "Opportunity Zone."

Prime Location in West Adams near Leimert Park, Baldwin Hills, Crenshaw, Culver City, Rancho Cienega Sports Complex, USC, Exposition Park, DTLA, Restaurants & Shops.

Last Agent to Sell the Property

Brian Noh

Nohco Real Estate License #01438155 Listed on: 08/29/2019

Last Buyer's Agent

Brian Noh

Nohco Real Estate License #01438155 Listed on: 08/29/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,025

Year Built

  • Built in 1953

Lot Details

  • 5,181 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2,263 Sq Ft Home
  • Ceiling Fan
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 9 / 2
  • Tax Tract Number 5531
  • Assessor Parcel Number 5043002023

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $9,999
  • Operating Expense $16,140
  • Gross Income $40,740
  • Net Operating Income $23,785

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,025

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5043002023
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Vinyl
  • Price Per Square Foot: 364.56
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5181.00
  • Lot Size Acres: 0.1189

Multi Family

  • Gross Income: 40740.00
  • Gross Scheduled Income: 40740.00
  • Lot Size Area: 5181.0000 Square Feet
  • Net Operating Income: 23785.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 16140.00
  • Rent Control: Yes
  • Total Expenses: 16140.00

Tax Info

  • New Taxes Expense: 9999.00
  • Tax Block: 2
  • Tax Census Tract: 2199.01
  • Tax Lot: 9
  • Tax Tract Number: 5531

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2019
Closed on
Oct 18, 2019
Sold by
Lee Lina
Bought by
Buckingham La Llc
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
Brian Noh
Nohco Real Estate
List Price
$799,900
Sold Price
$825,000
Premium/Discount to List
$25,100
3.14%
Current Estimated Value
$1,138,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,863
Avg. Annual Appreciation
5.48%
Original Mortgage
$618,750
Outstanding Balance
$540,941
Interest Rate
3.4%
Estimated Equity
$597,922

Purchase Details

Listed on
Aug 29, 2019
Closed on
Oct 10, 2019
Sold by
Hollyvale Rental Holdings Llc
Bought by
Lee Lina
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
Brian Noh
Nohco Real Estate
List Price
$799,900
Sold Price
$825,000
Premium/Discount to List
$25,100
3.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,750
Outstanding Balance
$540,941
Interest Rate
3.4%
Estimated Equity
$597,922

Purchase Details

Closed on
Sep 23, 2016
Sold by
Seddy Properties Llc
Bought by
Hollyvale Rental Holdings Llc

Purchase Details

Closed on
Feb 19, 2016
Sold by
Sedaghat Kashani Farhad Sedahat and Sedaghat Kashani Dolat
Bought by
Seddy Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2015
Sold by
Frazier G Michel and Frazier Flora M
Bought by
Fdk 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
$180,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Buckingham La Llc -- Old Republic Title Company
Lee Lina $825,000 Fidelity National Title Co
Hollyvale Rental Holdings Llc $475,000 Ticor Title
Seddy Properties Llc $284,500 Ticor Title
Fdk Family Trust $300,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Lina $618,750
Previous Owner Seddy Properties Llc $170,000
Previous Owner Fdk Family Trust $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2019 10/16/19 Sold $825,000 +3.1% $365 / Sq Ft
09/11/2019 09/11/19 Pending -- -- --
08/29/2019 08/29/19 For Sale $799,900 -- $353 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,025 $902,253 $738,208 $164,045
2024 $11,025 $884,563 $723,734 $160,829
2023 $10,819 $867,220 $709,544 $157,676
2022 $10,325 $850,217 $695,632 $154,585
2021 $10,191 $833,547 $681,993 $151,554
2020 $10,293 $825,000 $675,000 $150,000
2019 $6,196 $494,190 $296,514 $197,676
2018 $6,094 $484,500 $290,700 $193,800
2016 $2,471 $185,020 $84,099 $100,921
2015 $2,438 $182,242 $82,836 $99,406
2014 $2,468 $178,673 $81,214 $97,459
Source: Public Records

Agents Affiliated with this Home

  • Brian Noh

    Seller's Agent in 2019

    Brian Noh

    Nohco Real Estate

    (213) 804-7647

    4 in this area

    135 Total Sales

    Brian Noh
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19206538

California Regional Multiple Listing Service (CRMLS)

APN: 5043-002-023

California Los Angeles County Los Angeles 90016 West Adams

2522 S Burnside Ave, Los Angeles, CA

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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes