Marvin Phillip
Y Realty
(562) 740-8346
31 Total Sales
1 in South Park
$550,000 Price
315 W 47th St Los Angeles, CA 90037
South Park NeighborhoodEstimated Value: $754,000 - $1,102,000
5
Beds
2
Baths
2,451
Sq Ft
$375/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Facilities
- Heating Available
- More Than Two Accessible Exits
About This Home
As of September 2020Growth Investment Group is proud to offer 315 W 47th street, an attractive investment opportunity conveniently located near Downtown Los Angeles. The property is a four unit apartment building comprised of three (3) 1bedroom+1bathroom units and one (1) 4bedroom+1bathroom unit with approximately 2,541 square feet. This opportunity is in a centralized area of Los Angeles with less than 3.5 miles from Downtown Los Angeles near University of Southern California (USC), Banc of California Stadium, Los Angeles Memorial Coliseum and Exposition Park. The site is surrounded by residential and multifamily residential communities. The area is comprised mostly of blue-collar hard working families with a historically low vacancy and high rental demand. The property has excellent street frontage, situated on 47th street in between Broadway and 110 FWY and a few blocks east of Figueroa Street. It provides easy access to the rest of the Greater Los Angeles area with close proximity to FWY’s 110, 10 & 105. Los Angeles has a diverse economy driven by international trade, entertainment, aerospace, technology, fashion, tourism, finance, telecommunications, healthcare, and more. In 2017, the greater L.A area was ranked as the third-largest economic metropolitan area in the world with $1.0 Trillion of gross metropolitan product; and is the largest manufacturing center in the United States.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 4,566 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Home Design
- 2,451 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Heating Available
- Natural Gas Connected
- Phone Available
- Cable TV Available
Additional Features
- Gas Range
- More Than Two Accessible Exits
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 84
- Assessor Parcel Number 5110009027
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1
- Fuel Expense $1
- Insurance Expense $1,103
- Trash Expense $1,020
- Water Sewer Expense $2,220
- New Taxes Expense $8,666
- Operating Expense $16,001
- Gross Income $57,876
- Net Operating Income $40,139
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 15, 2020
Closed on
Aug 7, 2020
Sold by
Barrera Arturo and Barrera Juanita
Bought by
Seller's Agent
Matthew Guerra
KW Executive
Buyer's Agent
Raul Herrera
eXp Realty of California Inc
List Price
$738,000
Sold Price
$700,000
Premium/Discount to List
-$38,000
-5.15%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,641
Avg. Annual Appreciation
4.68%
Original Mortgage
$510,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 24, 2016
Closed on
May 6, 2016
Sold by
Archila Natanael and Luquin Socorro
Bought by
Barrera Arturo and Barrera Juanita
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
List Price
$480,000
Sold Price
$505,000
Premium/Discount to List
$25,000
5.21%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.81%
Purchase Details
Closed on
Sep 5, 2000
Sold by
Prayer Time Mission Inc
Bought by
Archila Natanael and Luquin Socorro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,242
Interest Rate
7.86%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 24, 2000
Sold by
Hud
Bought by
Prayer Time Mission Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,500
Interest Rate
8.26%
Purchase Details
Closed on
Oct 4, 1999
Sold by
North American Mtg Company
Bought by
Hud
Purchase Details
Closed on
Jan 19, 1999
Sold by
Ruiz Sonia
Bought by
North American Mtg Company
Purchase Details
Closed on
Feb 26, 1998
Sold by
Cyprus Kip C
Bought by
Ruiz Sonia
Purchase Details
Closed on
Nov 12, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Cyprus Kip C
Purchase Details
Closed on
Jun 17, 1997
Sold by
Greene Nathaniel and Federal Home Loan Mortgage Cor
Bought by
Federal Home Loan Mortgage Corporation
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Park, CA
-
Marvin Phillip
-
Michelle Covington
Michelle Covington
Compass
(323) 416-3171
24 Total Sales
1 in South Park
$700,000 Price
-
Jared Nuñez
Jared Nuñez
Ambiance Realty
(562) 568-7742
145 Total Sales
1 in South Park
$800,000 Price
-
Michele Steggell
Michele Steggell
Allianz Capital Group, Inc.
(657) 385-7371
46 Total Sales
1 in South Park
$570,000 Price
-
CHEVY ALA
CHEVY ALA
HOMEQUEST REAL ESTATE
(626) 602-8465
20 Total Sales
1 in South Park
$661,900 Price
-
Laura Dandoy
Laura Dandoy
The Real Estate Resource Group
(626) 784-4821
257 Total Sales
1 in South Park
$330,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $700,000 | North American Title Company | ||
| Barrera Arturo | $505,000 | Commonwealth Land Title | |
| Barrera Reynald Alonzo | -- | Commonwealth Land Title | |
| Archila Natanael | $215,000 | Provident Title Company | |
| Prayer Time Mission Inc | $155,000 | Provident Title | |
| Hud | -- | American Title | |
| North American Mtg Company | $294,367 | -- | |
| Ruiz Sonia | $290,000 | Southland Title Corporation | |
| Cyprus Kip C | $88,000 | First American Title Co | |
| Federal Home Loan Mortgage Corporation | $95,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $510,000 | ||
| Previous Owner | Archila Natanael | $257,800 | |
| Previous Owner | Archila Natanael | $284,000 | |
| Previous Owner | Archila Natanael | $247,500 | |
| Previous Owner | Archila Natanael | $213,242 | |
| Previous Owner | Prayer Time Mission Inc | $145,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/25/2020 09/25/20 | Sold | $700,000 | -5.1% | $286 / Sq Ft | |
| 09/08/2020 09/08/20 | Pending | -- | -- | -- | |
| 06/15/2020 06/15/20 | For Sale | $738,000 | +46.1% | $301 / Sq Ft | |
| 05/25/2016 05/25/16 | Sold | $505,000 | 0.0% | $206 / Sq Ft | View Prior Sale |
| 05/05/2016 05/05/16 | Pending | -- | -- | -- | |
| 05/02/2016 05/02/16 | Off Market | $505,000 | -- | -- | |
| 04/24/2016 04/24/16 | For Sale | $480,000 | -- | $196 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $9,464 | $772,852 | $428,381 | $344,471 |
| 2025 | $9,464 | $757,699 | $419,982 | $337,717 |
| 2024 | $9,333 | $742,844 | $411,748 | $331,096 |
| 2023 | $9,156 | $728,279 | $403,675 | $324,604 |
| 2022 | $8,736 | $714,000 | $395,760 | $318,240 |
| 2021 | $8,622 | $700,000 | $388,000 | $312,000 |
| 2020 | $6,951 | $546,626 | $303,080 | $243,546 |
| 2019 | $6,685 | $535,909 | $297,138 | $238,771 |
| 2018 | $6,602 | $525,402 | $291,312 | $234,090 |
| 2017 | $6,460 | $515,100 | $285,600 | $229,500 |
| 2016 | $3,539 | $273,660 | $101,825 | $171,835 |
| 2015 | $3,491 | $269,550 | $100,296 | $169,254 |
| 2014 | $3,528 | $264,271 | $98,332 | $165,939 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Guerra
Seller's Agent in 2020
Matthew Guerra
KW Executive
(909) 997-9765
20 Total Sales
-
Raul Herrera
Buyer's Agent in 2020
Raul Herrera
eXp Realty of California Inc
(323) 540-6774
38 Total Sales
-
Shant Sherbetdjian
Seller's Agent in 2016
Shant Sherbetdjian
RE/MAX
(626) 657-8135
64 Total Sales
-
Enrique Viramontes
Seller Co-Listing Agent in 2016
Enrique Viramontes
RE/MAX
(213) 233-4363
1 in this area
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR20115256
APN: 5110-009-027
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.
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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