NOT LISTED FOR SALE

277 E 50th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $829,000 - $922,000

8 Beds
3 Baths
3,655 Sq Ft
$236/Sq Ft Est. Value

Last Sold June 12, 2019

Last sale price $640,000 $175 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,261/month

19 Days on Market

Highlights

  • Laundry Room
  • 1-Story Property
  • 5-minute walk to South Park Recreation Center

About This Home

As of June 2019

Enjoy the benefit of living payment free in one unit while you receive enough income from 2 other units to pay your mortgage. This craftsman historical home will welcome you after a day of work with the feeling of peace and relaxation. You will enjoy being at home with your family in front of a cozy fireplace. A huge parking space can allow you even to have an RV if you want. Hurry, this 3 units won't last!

Last Agent to Sell the Property

Albert Ramirez

Coldwell Banker Envision License #01744189 Listed on: 05/10/2019

Coldwell Banker Envision

Last Buyer's Agent

Albert Ramirez

Coldwell Banker Envision License #01744189 Listed on: 05/10/2019

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1902

Lot Details

  • 5,935 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,655 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 5109008007

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Water Sewer Expense $2,400
  • New Taxes Expense $8,125
  • Operating Expense $11,925
  • Gross Income $3,750
  • Net Operating Income $4,507

Property Details

Home Type

Multi-Family

Year Built

Built in 1902

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5109008007
  • Year Built: 1902
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 175.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5935.00
  • Lot Size Acres: 0.1362

Multi Family

  • Gross Income: 3750.00
  • Gross Scheduled Income: 5500.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 5935.0000 Square Feet
  • Net Operating Income: 4507.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 993.00
  • Rent Control: Yes
  • Total Expenses: 11925.00

Tax Info

  • New Taxes Expense: 8125.00
  • Tax Census Tract: 2293.00
  • Tax Lot: 7
  • Tax Tract Number: JN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2019
Closed on
Jun 1, 2019
Sold by
Serrano Guillermo R and Serrano Ana Dinora
Bought by
Villegas Ricardo
Seller's Agent
Albert Ramirez
Coldwell Banker Envision
Buyer's Agent
Albert Ramirez
Coldwell Banker Envision
List Price
$649,000
Sold Price
$640,000
Premium/Discount to List
-$9,000
-1.39%
Current Estimated Value
$864,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,136
Avg. Annual Appreciation
4.69%

Purchase Details

Closed on
Aug 28, 1996
Sold by
Serrano Virginia and Serrano Virginia U
Bought by
Serrano Guillermo R and Serrano Ana Dinora

Purchase Details

Closed on
Aug 26, 1996
Sold by
Recinos Byron
Bought by
Serrano Guillermo R and Serrano Ana Dinora

Purchase Details

Closed on
Apr 21, 1995
Sold by
Serrano Arnulfo
Bought by
Serrano Virginia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Villegas Ricardo $640,000 Orange Coast Title Company
Serrano Guillermo R -- Commonwealth Land Title Co
Serrano Guillermo R -- Commonwealth Title Co
Serrano Virginia -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2019 06/12/19 Sold $640,000 -1.4% $175 / Sq Ft
05/29/2019 05/29/19 Pending -- -- --
05/10/2019 05/10/19 For Sale $649,000 -- $178 / 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 $8,812 $713,927 $446,205 $267,722
2024 $8,812 $699,929 $437,456 $262,473
2023 $8,645 $686,206 $428,879 $257,327
2022 $8,249 $672,752 $420,470 $252,282
2021 $8,142 $659,562 $412,226 $247,336
2020 $8,222 $652,800 $408,000 $244,800
2019 $3,333 $257,845 $113,047 $144,798
2018 $3,252 $252,790 $110,831 $141,959
2017 $3,182 $247,834 $108,658 $139,176
2016 $3,087 $242,976 $106,528 $136,448
2015 $3,044 $239,327 $104,928 $134,399
2014 $3,072 $234,640 $102,873 $131,767
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Albert Ramirez

    Coldwell Banker Envision

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19110232

California Regional Multiple Listing Service (CRMLS)

APN: 5109-008-007

California Los Angeles County Los Angeles 90011 South Park

277 E 50th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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