$400,000
SOLD MAY 8, 2020
2 Beds
1 Bath
1,260 Sq Ft
6,484 Sq Ft Lot

Recently Sold

$317 Per Sq Ft

20% Below List Price

11 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Cooling Available
  • Abraham Lincoln High School Rated A
  • Bathtub
  • Laundry Room

About This Home

As of May 2020

INVESTORS - Rehab or Development Opportunity in the revitalization hotbed of El Sereno! Spacious corner lot for your expansion or possible ADU ideas. 1,260 square feet 2/1 but your vision might easily reconfigure it into a 3/2. Very strong, recent, nearby ARV comp's. LA City Retrofit Inspection Complete and Certification in-hand! Buyer will need All-Cash or Investor / Rehab Financing. Foundation work will be needed. See remarks for additional info. and contact Listing Agent for additional photos and information. Ready to negotiate a quick sale with a strong buyer!

Last Agent to Sell the Property

Brian Elhardt

Brian Anthony Elhardt Broker License #02070527 Listed on: 03/30/2020

Last Buyer's Agent

Brian Elhardt

Brian Anthony Elhardt Broker License #02070527 Listed on: 03/30/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,932

Year Built

  • Built in 1908

Lot Details

  • 6,484 Sq Ft Lot
  • Block Wall Fence
  • Corner Lot
  • Gentle Sloping Lot
  • Property is zoned LAR1

Interior Spaces

  • 1,260 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Dining Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Range
  • Laminate Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub

Location

  • Urban Location

Schools

  • Los Angeles Unified Elementary School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 77
  • Assessor Parcel Number 5307010022

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,932

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: El Sereno
  • View: No
  • Zoning: LAR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5307010022
  • Year Built: 1908
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1260.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Laminate Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Dining Room
  • Fireplace Features: Dining Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 317.46
  • Bathroom Features: Bathtub

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Schools

  • Elementary School: Los Angeles Unified
  • Elementary School #2: LOANUN

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Gentle Sloping
  • Lot Size Sq Ft: 6484.00
  • Lot Size Acres: 0.1489

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6484.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2011.10
  • Tax Lot: 77
  • Tax Tract Number: 000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2020
Closed on
Apr 28, 2020
Sold by
Rodriguez Yvonne and The Romelia Merjil Family Livi
Bought by
Monopoly Factory Llc
Seller's Agent
Brian Elhardt
Brian Anthony Elhardt Broker
Buyer's Agent
Brian Elhardt
Brian Anthony Elhardt Broker
List Price
$499,000
Sold Price
$400,000
Premium/Discount to List
-$99,000
-19.84%
Current Estimated Value
$1,064,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$664,755
Avg. Annual Appreciation
19.60%
Original Mortgage
$420,000
Outstanding Balance
$372,769
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
$691,986

Purchase Details

Closed on
Sep 1, 2003
Sold by
Merjil Romelia
Bought by
Merjil Romelia and The Romelia Merjil Family Living Trust

Purchase Details

Closed on
Jul 18, 1998
Sold by
Merjil Romelia
Bought by
Merjil Romelia and Hale Cynthia L

Purchase Details

Closed on
Jul 15, 1994
Sold by
Alderate Frances Elizabeth Candy
Bought by
Merjil Romelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,800
Interest Rate
4.5%
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 Type Sale Price Title Company
Grant Deed $400,000 Equity Title Los Angeles
Interfamily Deed Transfer -- None Available
Gift Deed -- --
Grant Deed $514,090 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $420,000 Commercial
Previous Owner $80,800 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/17/2021 02/17/21 Sold $825,000 0.0% $655 / Sq Ft View Prior Sale
01/24/2021 01/24/21 Pending -- -- --
01/21/2021 01/21/21 For Sale $825,000 +106.3% $655 / Sq Ft
05/08/2020 05/08/20 Sold $400,000 -19.8% $317 / Sq Ft
03/30/2020 03/30/20 For Sale $499,000 -- $396 / 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 $10,932 $893,004 $714,404 $178,600
2024 $10,806 $875,496 $700,397 $175,099
2023 $10,597 $858,330 $686,664 $171,666
2022 $10,105 $841,500 $673,200 $168,300
2021 $5,037 $404,143 $323,315 $80,828
2020 $1,670 $122,440 $96,741 $25,699
2019 $1,612 $120,041 $94,845 $25,196
2018 $1,550 $117,688 $92,986 $24,702
2016 $1,469 $113,120 $89,376 $23,744
2015 $1,449 $111,422 $88,034 $23,388
2014 $1,461 $109,240 $86,310 $22,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20069956

California Regional Multiple Listing Service (CRMLS)

APN: 5307-010-022