NOT LISTED FOR SALE

314 W 50th St Los Angeles, CA 90037

South Park Neighborhood

Estimated Value: $1,331,000 - $1,373,489

10 Beds
9 Baths
1,312 Sq Ft
$1,031/Sq Ft Est. Value

Last Sold October 01, 2013

Last sale price $675,000 $514 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $8,057/month

48 Days on Market

About This Home

As of October 2013

This property is in good condition,very well maintained,gas,water,electricy are all individually metered. This property is priced right. all offers are to include proof of funds,lender approval letter. No inspections without accepted offer.

Last Agent to Sell the Property

Leotis Coleman

The Service Company Realty License #00397463 Listed on: 07/29/2013

Last Buyer's Agent

Ian Hollinger

BRC Advisors- BH License #01889125

BRC Advisors- BH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,904

Year Built

  • Built in 1924

Lot Details

  • 7,582

Home Design

  • Stucco

Interior Spaces

  • 1,312 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Parking

  • 6 Parking Spaces
  • On-Street Parking

Additional Features

  • 7,582 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 5110-022-011

Community Details

Overview

  • 3 Buildings
  • 9 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,904

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1312
  • Price Per Unit: 80000.00
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed
  • Bedrooms: 10
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 9.00
  • Den: 0
  • Price Per S Q F T: 571.65

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: On street
  • Total Parking: 6

Utilities

  • Heating: Wall Gas

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Value: 303223
  • Assessed Land Value: 267697
  • Assessor Parcel Number: 5110-022-011
  • Geocode Override: No
  • Lot Size Area: 7582

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 8.95
  • Number Of Units: 9
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: apt
  • Vacancy Rate: 0

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2014
Sold by
Fg Property Management Inc
Bought by
Fg Property Management Inc
Current Estimated Value
$1,352,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Outstanding Balance
$352,453
Interest Rate
4.34%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$999,792

Purchase Details

Listed on
Jul 29, 2013
Closed on
Sep 18, 2013
Sold by
Alexander Steve
Bought by
F G Property Management Inc
Seller's Agent
Leotis Coleman
The Service Company Realty
Buyer's Agent
Ian Hollinger
BRC Advisors- BH
List Price
$750,000
Sold Price
$675,000
Premium/Discount to List
-$75,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.93%
Original Mortgage
$405,000
Interest Rate
4.46%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 25, 2010
Sold by
Alexander Steve and Hunter Cynthia
Bought by
Alexander Steve

Purchase Details

Closed on
Feb 26, 2007
Sold by
Alexander Steven
Bought by
Alexander Steve and Hunter Chynita

Purchase Details

Closed on
Mar 3, 2000
Sold by
Concepcion Michael and Concepcion Family Trust
Bought by
Alexander Steven

Purchase Details

Closed on
Jan 27, 1999
Sold by
Concepcion Michael
Bought by
Concepcion Michael and Concepcion Family Trust

Purchase Details

Closed on
Jun 25, 1996
Sold by
Bullock Linda Faye
Bought by
Bullock Joe L

Purchase Details

Closed on
Apr 17, 1996
Sold by
Bullock Joe L
Bought by
Concepcion Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,759
Interest Rate
8.01%
Mortgage Type
Seller Take Back
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
Fg Property Management Inc -- Fidelity National Title
F G Property Management Inc $675,000 Fidelity National Title Co
Alexander Steve -- None Available
Alexander Steve -- None Available
Alexander Steven -- --
Concepcion Michael -- --
Bullock Joe L -- Commonwealth Land Title
Concepcion Michael -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fg Property Management Inc $465,000
Previous Owner F G Property Management Inc $405,000
Previous Owner Concepcion Michael $114,759
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2013 10/01/13 Sold $675,000 -10.0% $514 / Sq Ft
09/15/2013 09/15/13 Pending -- -- --
07/29/2013 07/29/13 For Sale $750,000 -- $572 / 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 $10,904 $827,445 $294,200 $533,245
2024 $10,904 $811,222 $288,432 $522,790
2023 $10,710 $795,317 $282,777 $512,540
2022 $10,249 $779,724 $277,233 $502,491
2021 $10,106 $764,437 $271,798 $492,639
2019 $9,827 $741,766 $263,738 $478,028
2018 $9,673 $727,222 $258,567 $468,655
2016 $9,179 $698,985 $248,528 $450,457
2015 $9,055 $688,486 $244,795 $443,691
2014 $9,141 $675,000 $240,000 $435,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Leotis Coleman

    The Service Company Realty

    Section Image
  • Ian Hollinger

    Buyer's Agent in 2013

    Ian Hollinger

    BRC Advisors- BH

    (213) 226-8700

    16 Total Sales

    Ian Hollinger
    Section Image
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Map

Source: The MLS

MLS Number: 13-692585

The MLS

APN: 5110-022-011

California Los Angeles County Los Angeles 90037 South Park

314 W 50th St, Los Angeles, CA

This home is located at 314 W 50th St, Los Angeles, CA 90037 since 29 July 2013 and is currently estimated at $1,352,245, approximately $1,030 per square foot. This property was built in 1924. 314 W 50th St is a home located in Los Angeles County with nearby schools including West Vernon Avenue Elementary School, Los Angeles Academy Middle School, and Nava College Preparatory Academy.

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