NOT LISTED FOR SALE

449 Solano Ave Los Angeles, CA 90012

Estimated Value: $780,000 - $945,877

4 Beds
2 Baths
1,878 Sq Ft
$450/Sq Ft Est. Value

Last Sold December 19, 2013

Last sale price $420,000 $224 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $4,993/month

8 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Traditional Architecture
  • Jalousie or louvered window
  • Solano Avenue Elementary Rated A-
  • No HOA
  • 5-minute walk to Buena Vista Hill Elysian Park

About This Home

As of December 2013

Distinctive Duplex located in Solano Canyon. BOTH UNITS ARE FINALLY VACANT!!!! Units are detached & have separate electricity and gas meters. Both units have a great floor plan with a nice size living room, eating area, 2 spacious bedrooms and 1 bath each unit. Both units have fresh exterior paint. This property is complete with a two car garage.
Front unit is approximately 1,130 square feet and was built in 1923. Front unit's roof is approximately 10 years old. Front unit has a cute porch, use of the front yard and use of a side yard which is perfect for a garden. Front unit also has a very large laundry and bonus room. Interior of front unit has not been remodeled, fresh paint and carpet will make it move in ready.
Rear unit is approximately 748 square feet and was built in 1963. Rear unit has been remodeled, and is "Turn Key" (ready to move in)!!!! Recent remodeling consists of: new roof; new light fixtures; new carpeting and linoleum flooring; fresh interior paint throughout. Bathroom has a new sink, new toilet, and a new shower door. Kitchen cabinets have been completely refurbished. Rear unit has its own private yard. Terrific location, just minutes from Downtown/Civic Center, Chinatown, Dodger Stadium, Freeways & Public Transportation.

Last Agent to Sell the Property

Lissette Fuentes

Pinnacle Estate Properties, Inc. License #01410540 Listed on: 11/13/2013

Pinnacle Estate Properties, Inc.

Last Buyer's Agent

Lissette Fuentes-Skarshaug

Pinnacle Estate Properties, Inc. License #01410540

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 5,582 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • No Common Walls
  • Chain Link Fence
  • Rectangular Lot
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,878 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Jalousie or louvered window
  • Home Security System
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 57
  • Assessor Parcel Number 5414025005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,300
  • Trash Expense $900
  • Water Sewer Expense $2,400
  • Net Operating Income $14,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1923 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Security System
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LARD2
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5414025005
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: One
  • Price Per Square Foot: 223.64
  • Room Type: All Bedrooms Down
  • Window Features: Jalousies/Louvered

Exterior Features

  • Foundation: Raised
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Individual Room
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: Back Yard, Rectangular Lot
  • Lot Size Sq Ft: 5582.00
  • Lot Size Acres: 0.1280

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Scheduled Income: 28800.00
  • Gross Spendable Income: 2400.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 5582.0000 Square Feet
  • Net Operating Income: 14900.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5000.00
  • Other Income Description: One Unit is Vacant.
  • Rent Control: Yes
  • Waterfront Features: Bay Front

Tax Info

  • Tax Area: 4
  • Tax Lot: 57
  • Tax Tract Number: XXXXX
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2024
Sold by
Wu Alan and Ky Loung
Bought by
Wu Family Trust and Wu
Current Estimated Value
$860,211

Purchase Details

Listed on
Nov 13, 2013
Closed on
Dec 6, 2013
Sold by
Yamada Gary Allyn
Bought by
Leong Lily Bow Sau
Seller's Agent
Lissette Fuentes
Pinnacle Estate Properties, Inc.
Buyer's Agent
Lissette Fuentes-Skarshaug
Pinnacle Estate Properties, Inc.
List Price
$468,888
Sold Price
$420,000
Premium/Discount to List
-$48,888
-10.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%

Purchase Details

Listed on
Nov 13, 2013
Closed on
Dec 3, 2013
Sold by
Leong George Fuk Sum and Leong Lily Bow Sau
Bought by
Wu Alan and Wu Ky Loung
Seller's Agent
Lissette Fuentes
Pinnacle Estate Properties, Inc.
Buyer's Agent
Lissette Fuentes-Skarshaug
Pinnacle Estate Properties, Inc.
List Price
$468,888
Sold Price
$420,000
Premium/Discount to List
-$48,888
-10.43%

Purchase Details

Closed on
Jul 19, 2012
Sold by
Ng Leong Tommy Fookpui and Ng Leong Sandy Lailai
Bought by
Ng Leong Tommy Fookpui and Ng Leong Sandy Lailai
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Wu Family Trust -- None Listed On Document
Leong Lily Bow Sau -- First American Title Company
Wu Alan $420,000 First American Title Company
Ng Leong Tommy Fookpui -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2013 12/19/13 Sold $420,000 -10.4% $224 / Sq Ft
11/21/2013 11/21/13 Pending -- -- --
11/13/2013 11/13/13 For Sale $468,888 -- $250 / 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 $6,473 $514,849 $220,649 $294,200
2024 $6,473 $504,755 $216,323 $288,432
2023 $6,353 $494,859 $212,082 $282,777
2022 $6,066 $485,157 $207,924 $277,233
2021 $5,987 $475,646 $203,848 $271,798
2020 $6,043 $470,770 $201,758 $269,012
2019 $5,813 $461,540 $197,802 $263,738
2018 $5,708 $452,491 $193,924 $258,567
2016 $5,448 $434,923 $186,395 $248,528
2015 $5,370 $428,391 $183,596 $244,795
2014 $5,398 $420,000 $180,000 $240,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR13098210

California Regional Multiple Listing Service (CRMLS)

APN: 5414-025-005