NOT LISTED FOR SALE

312 N Avenue 50 Los Angeles, CA 90042

Mount Washington Neighborhood

Estimated Value: $1,319,000 - $1,634,000

5 Beds
6 Baths
2,548 Sq Ft
$591/Sq Ft Est. Value

Last Sold July 29, 2020

Last sale price $1,175,000 $461 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $9,145/month

17 Days on Market

About This Home

As of July 2020

Public Remarks: This is one of the best multi-family opportunities in all of NELA right now. First, it has been thoroughly and meticulously renovated by the owner himself both inside and out, and is, quite simply, a work of art. Secondly, it is priced at a level where one can actually have some modest cash flow, even with the 3 bed unit currently running at below market. Whenever that unit goes vacant, it will increase in cash flow tremendously, raising the cap rate to 5.8! Thirdly, if one is looking for a multi-family where they would live in one of the units and defray their mortgage with the income from the other two, this is probably one of the most perfect scenarios for that model. The 3 bed 3 bath unit in front is spacious and beautiful, and the two singles (both at market rents) in the rear are detached from it and do not encroach on it at all. Plus, there's plenty of parking for all 3 units and the whole property is so private it sets up like an 'urban oasis!' Come check it out

Last Agent to Sell the Property

Ken Shapiro

Silverwood Properties License #01715663 Listed on: 06/12/2020

Last Buyer's Agent

Robert Macik

Compass License #02062003

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,523

Year Built

  • Built in 1906

Lot Details

  • 6,521

Interior Spaces

  • 2,548 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • Carport
  • Driveway
  • Gated Parking

Additional Features

  • 6,521 Sq Ft Lot
  • Central Heating

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5467-031-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,523

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2548
  • Lot Acreage: 0.1497
  • Stories: 2
  • Year Built: 1906
  • Number Of Photos: 48
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 6.00
  • Equipment: Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 450.94

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport, Driveway, Gated
  • Total Parking: 6

Utilities

  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 133463
  • Assessed Land Percent: 70
  • Assessed Land Value: 311419
  • Total Assessed Value: 444882
  • Assessor Parcel Number: 5467-031-005
  • Geocode Override: No
  • Lot Size Area: 6521

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.42
  • Number Of Units: 3
  • Total Annual Expense: 21816
  • Type Of Units: 3
  • Vacancy Rate: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Jul 15, 2020
Sold by
Filippini Paolo
Bought by
Williams Marc E
Seller's Agent
Ken Shapiro
Silverwood Properties
Buyer's Agent
Robert Macik
Compass
List Price
$1,149,000
Sold Price
$1,175,000
Premium/Discount to List
$26,000
2.26%
Current Estimated Value
$1,479,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,244
Avg. Annual Appreciation
5.03%
Original Mortgage
$940,000
Outstanding Balance
$837,237
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$667,563

Purchase Details

Closed on
Aug 20, 2009
Sold by
Brooks Mylene J
Bought by
Filippini Paolo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2005
Sold by
Diaz Efren and Diaz Graciela
Bought by
Brooks Mylene J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac
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
Williams Marc E $1,175,000 Old Republic Title Company
Filippini Paolo $400,000 California Title Company
Brooks Mylene J $600,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Marc E $940,000
Previous Owner Filippini Paolo $300,000
Previous Owner Brooks Mylene J $73,500
Previous Owner Brooks Mylene J $588,000
Previous Owner Brooks Mylene J $220,000
Previous Owner Brooks Mylene J $480,000
Closed Brooks Mylene J $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2020 07/29/20 Sold $1,175,000 0.0% $461 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
06/24/2020 06/24/20 Off Market $1,175,000 -- --
06/12/2020 06/12/20 For Sale $1,149,000 -- $451 / 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 $15,523 $1,271,857 $541,216 $730,641
2024 $15,523 $1,246,919 $530,604 $716,315
2023 $15,226 $1,222,470 $520,200 $702,270
2022 $14,525 $1,198,500 $510,000 $688,500
2021 $14,346 $1,175,000 $500,000 $675,000
2020 $6,387 $487,817 $330,478 $157,339
2019 $5,968 $462,853 $323,999 $138,854
2018 $5,860 $453,779 $317,647 $136,132
2016 $5,589 $436,160 $305,313 $130,847
2015 $5,512 $429,609 $300,727 $128,882
2014 $5,547 $421,195 $294,837 $126,358
Source: Public Records

Agents Affiliated with this Home

  • Ken Shapiro

    Seller's Agent in 2020

    Ken Shapiro

    Silverwood Properties

    (805) 415-8602

    2 in this area

    52 Total Sales

    Section Image
  • Robert Macik

    Buyer's Agent in 2020

    Robert Macik

    Compass

    (330) 842-1083

    17 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 20-590280

The MLS

APN: 5467-031-005

California Los Angeles County Los Angeles 90042 Mount Washington

312 N Avenue 50, Los Angeles, CA

This home is located at 312 N Avenue 50, Los Angeles, CA 90042 since 12 June 2020 and is currently estimated at $1,504,800, approximately $590 per square foot. This property was built in 1906. 312 N Avenue 50 is a home located in Los Angeles County with nearby schools including Aldama Elementary, Benjamin Franklin High School, and Luther Burbank Middle School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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