NOT LISTED FOR SALE

277 E 50th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $795,000 - $969,000

8 Beds
3 Baths
3,655 Sq Ft
$244/Sq Ft Est. Value

Last Sold June 12, 2019

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

Est. 40% increase in value since last sale

Current estimated payment $5,564/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

Berkshire Hathaway H.S.C.P. License #01744189 Listed on: 05/10/2019

Berkshire Hathaway H.S.C.P.

Last Buyer's Agent

Albert Ramirez

Berkshire Hathaway H.S.C.P. License #01744189 Listed on: 05/10/2019

Berkshire Hathaway H.S.C.P.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,812

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

Est. Annual Taxes

$8,812

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
Berkshire Hathaway H.S.C.P.
Buyer's Agent
Albert Ramirez
Berkshire Hathaway H.S.C.P.
List Price
$649,000
Sold Price
$640,000
Premium/Discount to List
-$9,000
-1.39%
Current Estimated Value
$893,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,254
Avg. Annual Appreciation
5.91%

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:

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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

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Serrano Guillermo R $188,701
Previous Owner Serrano Guillermo R $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

    Berkshire Hathaway H.S.C.P.

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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

This home is located at 277 E 50th St, Los Angeles, CA 90011 since 10 May 2019 and is currently estimated at $893,254, approximately $244 per square foot. This property was built in 1902. 277 E 50th St is a home located in Los Angeles County with nearby schools including Main Street Elementary School, Los Angeles Academy Middle School, and Thomas Jefferson Senior 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.

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

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