NOT LISTED FOR SALE

427 Solano Ave Los Angeles, CA 90012

Estimated Value: $1,256,000 - $1,765,000

11 Beds
6 Baths
4,630 Sq Ft
$320/Sq Ft Est. Value

Last Sold February 24, 2014

Last sale price $650,000 $140 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $8,722/month

63 Days on Market

Highlights

  • Custom Home
  • Property is near a park
  • Granite Countertops
  • Abraham Lincoln High School Rated A
  • Wood Flooring
  • Private Yard

About This Home

As of February 2014

Original Owner. Excellent condition w/many upgrades. Front house build in 1913 has 3 bedroom plus large size triplex (1967), which owner has divided the 2 super large unit into 4 incomes by closing off doors (#2 & 2A, #3 & 3A). Owner pays utilities of these 4 tenants. All unit are month to month, ideal for multi large family to occupy as owner's units + investment, without condo HOA expenses. Possible 8 parking (small cars).

Last Agent to Sell the Property

Nina Kuo

Nina Kuo, Broker License #00579191 Listed on: 09/11/2013

Co-Listed By

CLINT LING

High Ten Partners, Inc. License #01871149

Last Buyer's Agent

Jianjuan Yu

Thousands Realty & Management License #01873384

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,391

Year Built

  • Built in 1967

Lot Details

  • 5,581 Sq Ft Lot
  • Lot Dimensions are 40x140
  • Property fronts an alley
  • No Common Walls
  • Partially Fenced Property
  • Chain Link Fence
  • Stucco Fence
  • Private Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Carport
  • Parking Available
  • Parking Lot

Home Design

  • Custom Home
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 4,630 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • Ceiling Fan
  • Jalousie or louvered window
  • Awning
  • Drapes & Rods
  • Blinds
  • Wood Frame Window
  • Window Screens
  • Living Room
  • Basement

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Free-Standing Range
  • Range Hood
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Vented Exhaust Fan
  • Gas Water Heater
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 62
  • Assessor Parcel Number 5414025010

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $3,196
  • Gardener Expense $50
  • Insurance Expense $1,362
  • Maintenance Expense $6,350
  • Water Sewer Expense $1,287
  • New Taxes Expense $2,586
  • Gross Income $5,550
  • Net Operating Income $50,479

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,391

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Water Sewer Expenses: 1287.00
  • Architectural Style: Custom Built
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 50.00
  • Parcel Number: 5414025010
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Features, Ceiling Fan(s), Granite Counters, Unfurnished, Wet Bar
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 140.39
  • Room Type: Basement, Living Room
  • Window Features: Blinds, Drapes, Jalousies/Louvered, Screens, Wood Frames

Exterior Features

  • Foundation: Raised
  • Exterior Features: Awning(s), Lighting
  • Fencing: Chain Link, Partial, Stucco Wall
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage, Parking Space
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Range Hood, Vented Exhaust Fan, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Washer Hookup
  • Sewer: Sewer Assessments
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 2-5 Units/Acre, Park Nearby, Near Public Transit, Yard
  • Lot Size: 40x140
  • Lot Size Sq Ft: 5581.00
  • Lot Size Acres: 0.1280

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 3196.00
  • Gross Income: 5550.00
  • Gross Scheduled Income: 66600.00
  • Insurance Expense: 1362.00
  • Lot Size Area: 5581.0000 Square Feet
  • Maintenance Expense: 6350.00
  • Net Operating Income: 50479.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 16121.00
  • Rent Control: Yes
  • Total Actual Rent: 5550.00

Tax Info

  • New Taxes Expense: 2586.00
  • Tax Lot: 62
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2024
Sold by
Zhou Hui Juan and Ngo Brandon
Bought by
Hui Juan Zhou Family Trust and Brandon Ngo Family Trust
Current Estimated Value
$1,480,407

Purchase Details

Listed on
Sep 11, 2013
Closed on
Feb 14, 2014
Sold by
Lee Johnny
Bought by
Lee Lillian
Seller's Agent
Nina Kuo
Nina Kuo, Broker
Buyer's Agent
Jianjuan Yu
Thousands Realty & Management
List Price
$749,000
Sold Price
$650,000
Premium/Discount to List
-$99,000
-13.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$417,000
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 11, 2013
Closed on
Feb 12, 2014
Sold by
Lee Lilian and Wong Dora
Bought by
Ngo Brandon and Zhou Hui Juan
Seller's Agent
Nina Kuo
Nina Kuo, Broker
Buyer's Agent
Jianjuan Yu
Thousands Realty & Management
List Price
$749,000
Sold Price
$650,000
Premium/Discount to List
-$99,000
-13.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2008
Sold by
Toy Peggy
Bought by
Toy Peggy and The Peggy Toy Trust

Purchase Details

Closed on
Jan 29, 1992
Sold by
Wong Mee G
Bought by
Lee Lillian and Wong Dora
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
Hui Juan Zhou Family Trust -- None Listed On Document
Lee Lillian -- First American Title Company
Ngo Brandon $650,000 First American Title Company
Wong Paul -- First American Title Company
Wong Dora -- First American Title Company
Toy Peggy -- None Available
Lee Lillian -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ngo Brandon $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2014 02/24/14 Sold $650,000 -13.2% $140 / Sq Ft
11/13/2013 11/13/13 Pending -- -- --
09/11/2013 09/11/13 For Sale $749,000 -- $162 / 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 $10,391 $796,799 $490,338 $306,461
2024 $10,391 $781,176 $480,724 $300,452
2023 $10,205 $765,860 $471,299 $294,561
2022 $9,761 $750,844 $462,058 $288,786
2021 $9,626 $736,123 $452,999 $283,124
2019 $9,357 $714,291 $439,564 $274,727
2018 $9,243 $700,287 $430,946 $269,341
2016 $8,776 $673,096 $414,213 $258,883
2015 $8,656 $662,987 $407,992 $254,995
2014 $2,545 $143,760 $41,175 $102,585
Source: Public Records

Agents Affiliated with this Home

  • Nina Kuo

    Seller's Agent in 2014

    Nina Kuo

    Nina Kuo, Broker

    (626) 379-3013

    2 Total Sales

    Nina Kuo
    Section Image
  • CLINT LING

    Seller Co-Listing Agent in 2014

    CLINT LING

    High Ten Partners, Inc.

    (626) 252-4535

    CLINT LING
    Section Image
  • Jianjuan Yu

    Buyer's Agent in 2014

    Jianjuan Yu

    Thousands Realty & Management

    (626) 817-1188

    73 Total Sales

    Jianjuan Yu
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS13184915

California Regional Multiple Listing Service (CRMLS)

APN: 5414-025-010

California Los Angeles County Los Angeles 90012

427 Solano Ave, Los Angeles, CA

This home is located at 427 Solano Ave, Los Angeles, CA 90012 since 11 September 2013 and is currently estimated at $1,480,407, approximately $319 per square foot. This property was built in 1967. 427 Solano Ave is a home located in Los Angeles County with nearby schools including Solano Avenue Elementary, Florence Nightingale Middle, and Abraham Lincoln High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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