NOT LISTED FOR SALE

450 E Lanzit Ave Los Angeles, CA 90061

Green Meadows Neighborhood

Estimated Value: $852,594 - $912,000

5 Beds
3 Baths
2,540 Sq Ft
$349/Sq Ft Est. Value

Last Sold May 16, 2013

Last sale price $290,000 $114 Per Sq Ft

Est. 206% increase in value since last sale

Current estimated payment $5,310/month

14 Days on Market

About This Home

As of May 2013

CONVERTION TO 2 LEGAL UNITS FACING TWO STREETS, 450 E LANZIT 2 BED 1 BATH AND 385 E IMPERIAL IS 3 BEDROOM 2 BATH

Last Agent to Sell the Property

MANUEL REYES

First Family Homes Brokerage Email: manuel.reyes21realtor@gmail.com License #01351557 Listed on: 03/08/2013

Last Buyer's Agent

Luz Adriana Verduzco

El Camino Real Estate License #01272002

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,500

Year Built

  • Built in 1956

Lot Details

  • 8,312 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,540 Sq Ft Home
  • Custom Window Coverings

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 3598
  • Assessor Parcel Number 6073028008

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • New Taxes Expense $3,700
  • Operating Expense $4,600
  • Gross Income $2,900
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,500

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 6073028008
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 114.17
  • Window Features: Custom Covering

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8312.00
  • Lot Size Acres: 0.1910

Multi Family

  • Gross Income: 2900.00
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 900.00
  • Lot Size Area: 8312.0000 Square Feet
  • Net Operating Income: 24000.00
  • 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: 6800.00
  • Rent Control: Yes
  • Total Expenses: 4600.00

Tax Info

  • New Taxes Expense: 3700.00
  • Tax Lot: 20
  • Tax Tract Number: 3598

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2021
Sold by
Martinez Mario A and Rivera Vincente A
Bought by
Martinez Mario A
Current Estimated Value
$886,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$503,662
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 24, 2017
Sold by
Brooks Edward Nelson
Bought by
Martinez Mario and Elvera Vicent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,124
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 8, 2013
Closed on
Mar 18, 2013
Sold by
Lee Chong
Bought by
Brooks Edward Nelson
Seller's Agent
MANUEL REYES
First Family Homes
Buyer's Agent
Luz Adriana Verduzco
El Camino Real Estate
List Price
$314,900
Sold Price
$290,000
Premium/Discount to List
-$24,900
-7.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.39%
Original Mortgage
$280,321
Interest Rate
2.75%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 25, 2012
Sold by
Lee Cindy
Bought by
Lee Chong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Lee Chang and Lee Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2011
Sold by
Lopez Alejandro
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Oct 19, 2004
Sold by
Castro Gerardo
Bought by
Lopez Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 2004
Sold by
Torres Sergio
Bought by
Castro Gerardo and Torres Sergio

Purchase Details

Closed on
Dec 26, 1996
Sold by
Castro Gerardo
Bought by
Torres Sergio and Ramirez Rafael Sandoval

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,750
Interest Rate
7.86%

Purchase Details

Closed on
Aug 24, 1994
Sold by
Anderson Mashelle and Kirkwood Mashelle
Bought by
Castro Gerardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.8%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Martinez Mario A -- Chicago Title
Martinez Mario $490,000 Steward Title Of Ca Inc
Brooks Edward Nelson $290,000 Lsi Title Company
Lee Chong -- Lsi Title Company
Lee Chang $161,000 Lsi Title Company
Federal Home Loan Mortgage Corporation $156,911 Accommodation
Lopez Alejandro $275,000 North American Title Company
Castro Gerardo -- North American Title Company
Torres Sergio $145,000 Commonwealth Title Co
Castro Gerardo $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martinez Mario A $503,662
Previous Owner Martinez Mario $481,124
Previous Owner Brooks Edward Nelson $280,321
Previous Owner Lee Chang $160,000
Previous Owner Lopez Alejandro $192,500
Previous Owner Torres Sergio $137,750
Previous Owner Castro Gerardo $160,000
Closed Lopez Alejandro $82,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2013 05/16/13 Sold $290,000 -7.9% $114 / Sq Ft
03/22/2013 03/22/13 Pending -- -- --
03/08/2013 03/08/13 For Sale $314,900 -- $124 / 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 $7,500 $570,597 $422,739 $147,858
2024 $7,500 $559,409 $414,450 $144,959
2023 $7,364 $548,441 $406,324 $142,117
2022 $7,042 $537,688 $398,357 $139,331
2021 $6,805 $515,077 $388,936 $126,141
2019 $6,611 $499,800 $377,400 $122,400
2018 $6,946 $490,000 $370,000 $120,000
2016 $4,137 $301,667 $208,047 $93,620
2015 $4,078 $297,136 $204,922 $92,214
2014 $4,386 $291,316 $200,908 $90,408
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    MANUEL REYES

    First Family Homes

    (310) 753-4154

    12 Total Sales

    MANUEL REYES
    Section Image

  • L

    Buyer's Agent in 2013

    Luz Adriana Verduzco

    El Camino Real Estate

    (323) 216-0951

    17 Total Sales

    Luz Adriana Verduzco
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW13039187

California Regional Multiple Listing Service (CRMLS)

APN: 6073-028-008

California Los Angeles County Los Angeles 90061 Green Meadows

450 E Lanzit Ave, Los Angeles, CA

This home is located at 450 E Lanzit Ave, Los Angeles, CA 90061 since 08 March 2013 and is currently estimated at $886,399, approximately $348 per square foot. This property was built in 1956. 450 E Lanzit Ave is a home located in Los Angeles County with nearby schools including One Hundred Seventh Street Elementary School, Samuel Gompers Middle School, and Alliance Jack H. Skirball Middle 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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