NOT LISTED FOR SALE

274 E 47th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $797,000 - $1,060,317

8 Beds
4 Baths
3,228 Sq Ft
$288/Sq Ft Est. Value

Last Sold February 11, 2016

Last sale price $590,000 $183 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,601/month

38 Days on Market

About This Home

As of February 2016

Excellent cash flowing 4-plex, fully stabilized with a strong tenant base. Property sits on a residential street with no commercial influence. All units 800+ sq ft with 2 bedroom 1 bath. 4 parking spaces at the rear of the lot. Seller has completed significant work to both the interiors of units and the exterior of the building. 20% + upside in rents. Property passed its most recent SCEP inspection. All units are separately metered for gas and electric. Separate water heaters for each unit. Do not walk on lot or talk to tenants, as they are unaware of sale.

Last Agent to Sell the Property

John Chelius

Property Works RE, Inc. License #01936287 Listed on: 12/05/2015

Last Buyer's Agent

Laura Navarro

Century 21 Realty Masters License #01488614

Century 21 Realty Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 5,400 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 3,228 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 5109010039

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5109010039
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 182.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5400.00
  • Price Per Lot Square Foot: 109.26
  • Lot Size Acres: 0.1240

Multi Family

  • Average2 Bed Area: 807
  • Lot Size Area: 5400.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2015
Closed on
Jan 15, 2016
Sold by
Turnstone Holding I Lp
Bought by
Singh Satpal and Kaur Jasvir
Seller's Agent
John Chelius
Property Works RE, Inc.
Buyer's Agent
Laura Navarro
Century 21 Realty Masters
List Price
$595,000
Sold Price
$590,000
Premium/Discount to List
-$5,000
-0.84%
Current Estimated Value
$930,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,329
Avg. Annual Appreciation
4.72%
Original Mortgage
$400,000
Outstanding Balance
$318,337
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$611,992

Purchase Details

Closed on
Oct 30, 2013
Sold by
Turnstone Holding I Lp
Bought by
Turnstone Holding I Lp

Purchase Details

Closed on
Jan 25, 2013
Sold by
Landa Hector M
Bought by
Turnstone Holding 1 Lp

Purchase Details

Closed on
Aug 10, 2012
Sold by
Landa Hector M and Magana Ralph
Bought by
Landa Hector M and Foster Aaron David

Purchase Details

Closed on
Feb 22, 2012
Sold by
Landa Hector M and Dickey Dianne
Bought by
Landa Hector M and Magana Ralph

Purchase Details

Closed on
Sep 2, 2011
Sold by
Landa Hector M
Bought by
Landa Hector M and Dickey Dianne

Purchase Details

Closed on
Aug 8, 2007
Sold by
Pro Value Properties Inc
Bought by
Landa Hector M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2007
Sold by
Landa Gabriela
Bought by
Landa Hector M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2006
Sold by
Carr Steven
Bought by
Pro Value Properties Inc

Purchase Details

Closed on
Apr 11, 2002
Sold by
Miranda Carlos A and Miranda Cecilia
Bought by
Miranda Carlos A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
7.08%

Purchase Details

Closed on
May 31, 1996
Sold by
Home Svgs Of America Fsb
Bought by
Miranda Carlos A and Morales Cecilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,002
Interest Rate
4.95%

Purchase Details

Closed on
Nov 15, 1995
Sold by
Madrigal Tony and Madrigal Felicia
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Singh Satpal $590,000 Old Republic Title Company
Turnstone Holding I Lp -- None Available
Turnstone Holding 1 Lp -- None Available
Landa Hector M -- California Title Company
Landa Hector M -- California Title Company
Landa Hector M -- California Title Company
Landa Hector M $635,000 Southland Title Company
Landa Hector M -- Southland Title Company
Pro Value Properties Inc $439,000 None Available
Miranda Carlos A -- Fidelity Title
Miranda Carlos A $198,000 Investors Title Company
Home Svgs Of America Fsb $119,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Satpal $400,000
Previous Owner Landa Hector M $508,000
Previous Owner Miranda Carlos A $172,000
Previous Owner Miranda Carlos A $178,002
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2016 02/11/16 Sold $590,000 -0.8% $183 / Sq Ft
01/12/2016 01/12/16 Pending -- -- --
12/05/2015 12/05/15 For Sale $595,000 -- $184 / 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 $8,717 $698,432 $390,649 $307,783
2024 $8,717 $684,739 $382,990 $301,749
2023 $8,554 $671,314 $375,481 $295,833
2022 $8,166 $658,152 $368,119 $290,033
2021 $8,053 $645,248 $360,901 $284,347
2019 $7,818 $626,112 $350,198 $275,914
2018 $7,725 $613,836 $343,332 $270,504
2016 $5,055 $396,328 $208,047 $188,281
2015 $4,985 $390,375 $204,922 $185,453
2014 $5,026 $382,729 $200,908 $181,821
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    John Chelius

    Property Works RE, Inc.

    (310) 722-0360

    5 Total Sales

    John Chelius
    Section Image
  • Laura Navarro

    Buyer's Agent in 2016

    Laura Navarro

    Century 21 Realty Masters

    (562) 688-2966

    57 Total Sales

    Laura Navarro
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15257634

California Regional Multiple Listing Service (CRMLS)

APN: 5109-010-039

California Los Angeles County Los Angeles 90011 South Park

274 E 47th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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