NOT LISTED FOR SALE

415 S Ferris Ave Los Angeles, CA 90022

Estimated Value: $793,000 - $912,157

5 Beds
3 Baths
2,332 Sq Ft
$360/Sq Ft Est. Value

Last Sold November 19, 2015

Last sale price $511,000 $219 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $5,249/month

6 Days on Market

Highlights

  • Central Heating
  • James A. Garfield Senior High School Rated A
  • Ceiling Fan

About This Home

As of November 2015

Two Houses/units on property. Front/Main house includes 1300 sq ft with 3beds/2baths with private yard and garage. 2nd house/unit in rear of property is 1000 sq ft, 2 bed/1bath, with private yard and one car garage. This home was purchased and built in 1961 and has had one owner for 54 years! It is a legacy generational home and never been on market/sold. A phenomenal ROI of 11%+ for rental income or single family home compound. Ideal commuter and LA living, located in East Los Angeles, below the 5 & 60 freeways at Atlantic Bvd; convenient to Public facilities, Park Activities, Schools, Public Recreation Facilities, and the new Rail System at Atlantic connecting to all of Greater Los Angeles!

Last Agent to Sell the Property

Brooks Oldridge

Sotheby's International Realty License #01963509 Listed on: 11/04/2015

Last Buyer's Agent

Brooks Oldridge

Sotheby's International Realty License #01963509 Listed on: 11/04/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,473

Year Built

  • Built in 1961

Lot Details

  • 8,016 Sq Ft Lot

Interior Spaces

  • 2,332 Sq Ft Home
  • Ceiling Fan
  • Electric Dryer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 4 Parking Spaces
  • 3 Covered Spaces
  • Driveway
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Community Details

  • 3 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5248-015-032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,473

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2332
  • Year Built: 1961
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Ceiling Fan, Electric Dryer Hookup
  • Price Per S Q F T: 213.55

Exterior Features

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

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Assigned, Driveway - Concrete, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 36285
  • Assessed Land Value: 25477
  • Assessor Parcel Number: 5248-015-032
  • Geocode Override: No
  • Lot Size Area: 8016

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.92
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 4500
  • Type Of Units: Residental
  • Vacancy Rate: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2015
Closed on
Nov 13, 2015
Sold by
Delrio Denay and Mary Oloane Living Trust
Bought by
Luo Frank and Frank F Luo Md Inc Retirement
Seller's Agent
Brooks Oldridge
Sotheby's International Realty
Buyer's Agent
Brooks Oldridge
Sotheby's International Realty
List Price
$498,000
Sold Price
$511,000
Premium/Discount to List
$13,000
2.61%
Current Estimated Value
$840,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,289
Avg. Annual Appreciation
5.21%

Purchase Details

Closed on
Apr 6, 2009
Sold by
Oloane Mary
Bought by
The Mary Oloane Living Trust

Purchase Details

Closed on
Mar 20, 2007
Sold by
Delrio Mary
Bought by
Oloane Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Luo Frank $511,000 Lawyers Title
The Mary Oloane Living Trust -- None Available
Oloane Mary -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oloane Mary $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2015 11/19/15 Sold $511,000 +2.6% $219 / Sq Ft
11/10/2015 11/10/15 Pending -- -- --
11/04/2015 11/04/15 For Sale $498,000 -- $214 / 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 $8,473 $604,914 $355,136 $249,778
2024 $8,473 $593,054 $348,173 $244,881
2023 $8,165 $581,427 $341,347 $240,080
2022 $7,996 $570,027 $334,654 $235,373
2021 $7,704 $558,851 $328,093 $230,758
2020 $7,760 $553,121 $324,729 $228,392
2019 $7,476 $542,276 $318,362 $223,914
2018 $7,282 $531,644 $312,120 $219,524
2016 $6,973 $511,000 $300,000 $211,000
2015 $1,625 $61,762 $25,477 $36,285
2014 $1,633 $60,553 $24,978 $35,575
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Brooks Oldridge

    Sotheby's International Realty

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Map

Source: The MLS

MLS Number: 15-956303

The MLS

APN: 5248-015-032

California Los Angeles County Los Angeles 90022

415 S Ferris Ave, Los Angeles, CA

This home is located at 415 S Ferris Ave, Los Angeles, CA 90022 since 04 November 2015 and is currently estimated at $840,289, approximately $360 per square foot. This property was built in 1961. 415 S Ferris Ave is a home located in Los Angeles County with nearby schools including Morris K. Hamasaki Elementary School, David Wark Griffith Middle School, and James A. Garfield Senior High School.

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