NOT LISTED FOR SALE

2850 W Avenue 33 Los Angeles, CA 90065

Glassell Park Neighborhood

Estimated Value: $1,168,000 - $1,940,707

6 Beds
4 Baths
3,147 Sq Ft
$491/Sq Ft Est. Value

Last Sold May 15, 2019

Last sale price $1,315,000 $418 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $9,945/month

14 Days on Market

About This Home

As of May 2019

Beautiful Glassell Park Four-plex that would work well as an income property or for an owner who wanted to have help with the mortgage. Front house is quite private. House has so many original details. Please note that photos are from when the property was vacant. Nice tenants who are timely with their rent. Listing brokers is related to owner. One of owners (minority partner) is licensed. Seller will be doing a 1031 exchange and has already identified property.

Last Agent to Sell the Property

Fahim Shah

Fahim Shah Realty License #00763453 Listed on: 04/01/2019

Last Buyer's Agent

Vazgen Mazanians

License #01162745

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,221

Year Built

  • Built in 1950

Lot Details

  • 7,544

Home Design

  • 3,147 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Detached Carport Space

Additional Features

  • 7,544 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5457-018-024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,221

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3147
  • Year Built: 1950
  • Number Of Photos: 53
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 412.77

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport Detached
  • Total Parking: 3

Utilities

  • Heating: Wall Gas
  • Water Expense: 2129.00

Fee Information

  • Insurance Expense: 2000.00
  • Maintenance Expense: 1000.00

Lot Info

  • Assessed Improvement Value: 182900
  • Assessed Land Value: 428573
  • Assessor Parcel Number: 5457-018-024
  • Geocode Override: No
  • Lot Size Area: 7544

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.77
  • Number Of Units: 4
  • Total Annual Expense: 24004
  • Type Of Units: 4
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 16875.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2019
Closed on
Apr 19, 2019
Sold by
The Rajiv Grover Revocable Trust
Bought by
Baharians Zora and Baharians Alina
Seller's Agent
Fahim Shah
Fahim Shah Realty
Buyer's Agent
Vazgen Mazanians
List Price
$1,350,000
Sold Price
$1,315,000
Premium/Discount to List
-$35,000
-2.59%
Current Estimated Value
$1,546,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,677
Avg. Annual Appreciation
3.51%
Original Mortgage
$798,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2016
Sold by
Manav Llc
Bought by
Grover Rajiv and The Rajiv Grover Revocable Tru

Purchase Details

Listed on
Nov 28, 2011
Closed on
Feb 20, 2012
Sold by
Grover Rajiv and Grover Neeru
Bought by
Manav Llc
Seller's Agent
Fidelis Ojei
Legacy United Realty
Buyer's Agent
Fidelis Ojei
Legacy United Realty
List Price
$575,000
Sold Price
$565,000
Premium/Discount to List
-$10,000
-1.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Original Mortgage
$423,750
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 28, 2011
Closed on
Feb 6, 2012
Sold by
Kontner Carin L
Bought by
Grover Rajiv and Grover Neeru
Seller's Agent
Fidelis Ojei
Legacy United Realty
Buyer's Agent
Fidelis Ojei
Legacy United Realty
List Price
$575,000
Sold Price
$565,000
Premium/Discount to List
-$10,000
-1.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,750
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2010
Sold by
Kontner Carin L and Estate Of Robert D Kontner
Bought by
Kontner Carin L

Purchase Details

Closed on
Jun 19, 2000
Sold by
Craven Emma P Decd Est Of
Bought by
Kontner Robert D
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
Baharians Zora $1,350,000 Provident Title Company
Grover Rajiv -- Accommodation
Manav Llc -- None Available
Grover Rajiv $565,000 Western Resources Title
Kontner Carin L -- None Available
Kontner Robert D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baharians Zora $805,000
Closed Baharians Zora $802,000
Closed Baharians Zora $798,000
Previous Owner Grover Rajiv $423,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2019 05/15/19 Sold $1,315,000 +1.2% $418 / Sq Ft
04/08/2019 04/08/19 Price Changed $1,299,000 -3.8% $413 / Sq Ft
04/01/2019 04/01/19 For Sale $1,350,000 +138.9% $429 / Sq Ft
02/15/2012 02/15/12 Sold $565,000 -1.7% $180 / Sq Ft
01/03/2012 01/03/12 Pending -- -- --
11/28/2011 11/28/11 For Sale $575,000 -- $183 / 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 $18,221 $1,505,946 $836,637 $669,309
2024 $18,221 $1,476,419 $820,233 $656,186
2023 $17,869 $1,447,470 $804,150 $643,320
2022 $17,040 $1,419,089 $788,383 $630,706
2021 $16,827 $1,391,265 $772,925 $618,340
2020 $16,998 $1,377,000 $765,000 $612,000
2019 $7,943 $636,175 $445,886 $190,289
2018 $7,831 $623,702 $437,144 $186,558
2016 $7,466 $599,484 $420,170 $179,314
2015 $8,065 $590,480 $413,859 $176,621
2014 $7,407 $578,915 $405,753 $173,162
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2019

    Fahim Shah

    Fahim Shah Realty

    (213) 458-4142

    3 Total Sales

    Fahim Shah
    Section Image

  • V

    Buyer's Agent in 2019

    Vazgen Mazanians

  • F

    Seller's Agent in 2012

    Fidelis Ojei

    Legacy United Realty

    Section Image
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Map

Source: The MLS

MLS Number: 19-450044

The MLS

APN: 5457-018-024

California Los Angeles County Los Angeles 90065 Glassell Park

2850 W Avenue 33, Los Angeles, CA

This home is located at 2850 W Avenue 33, Los Angeles, CA 90065 since 01 April 2019 and is currently estimated at $1,546,677, approximately $491 per square foot. This property was built in 1950. 2850 W Avenue 33 is a home located in Los Angeles County with nearby schools including Fletcher Drive Elementary School, Irving STEAM Magnet School, and Eagle Rock High School.

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