NOT LISTED FOR SALE

453 S Rowan Ave Los Angeles, CA 90063

Estimated Value: $723,000 - $833,350

4 Beds
3 Baths
1,242 Sq Ft
$622/Sq Ft Est. Value

Last Sold August 30, 2018

Last sale price $560,000 $451 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,909/month

36 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Open Floorplan
  • Wood Flooring
  • James A. Garfield Senior High School Rated A
  • Property is near public transit
  • Granite Countertops

About This Home

As of August 2018

2 units. Prime area of East Los Angeles, close to the Metro Link and freeways. You wont find another property like this. Front main house 3bd/2ba, laundry area inside, fully upgraded with new floors, partial plumbing & electrical, new custom kitchen cabinets with granite counter tops, updated bathroom with custom shower, new floors throughout, new windows, paint inside and out. Rear unit is an upgraded Single/1ba. Property has a large front yard, 2 car open garage with alley access, property is fully fenced. Perfect investment property. NO RENT CONTROL! Comes with high-end security cameras and ADT as well.

Last Agent to Sell the Property

Ray Penado

Excellence RE Real Estate License #01709871 Listed on: 07/01/2018

Last Buyer's Agent

Veronica Castillo

Titanium Realty License #01875087

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,451

Year Built

  • Built in 1923

Lot Details

  • 5,265 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Chain Link Fence

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,242 Sq Ft Home
  • Open Floorplan
  • Double Pane Windows
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 4
  • Assessor Parcel Number 5238003005

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Gardener Expense $360
  • Insurance Expense $500
  • Trash Expense $250
  • Water Sewer Expense $600
  • New Taxes Expense $5,300
  • Operating Expense $7,310
  • Net Operating Income $3,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,451

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 600.00
  • Zoning: LCR4YY
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 5238003005
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Open Floorplan
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Levels: One
  • Price Per Square Foot: 450.89
  • Room Type: All Bedrooms Down, Laundry
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Construction Materials: Stucco

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Trash Expense: 250.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 5265.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 300.00
  • Gross Scheduled Income: 3800.00
  • Insurance Expense: 500.00
  • Net Operating Income: 3700.00
  • 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: 100.00
  • Rent Control: No
  • Total Expenses: 7310.00

Tax Info

  • New Taxes Expense: 5300.00
  • Tax Census Tract: 5312.01
  • Taxes Percent: 40.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2018
Closed on
Aug 28, 2018
Sold by
Salas Silvia A
Bought by
Salas Luis M
Seller's Agent
Ray Penado
Excellence RE Real Estate
Buyer's Agent
Veronica Castillo
Titanium Realty
List Price
$589,000
Sold Price
$560,000
Premium/Discount to List
-$29,000
-4.92%
Current Estimated Value
$773,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,088
Avg. Annual Appreciation
5.08%
Original Mortgage
$420,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 1, 2018
Closed on
Aug 27, 2018
Sold by
Vasquez Jorge Armando
Bought by
Salas Luis M
Seller's Agent
Ray Penado
Excellence RE Real Estate
Buyer's Agent
Veronica Castillo
Titanium Realty
List Price
$589,000
Sold Price
$560,000
Premium/Discount to List
-$29,000
-4.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2018
Sold by
Vasquez Jorge Armarido and Brann Mayda
Bought by
Vasquez Jorge Armando

Purchase Details

Listed on
Dec 30, 2016
Closed on
Feb 15, 2017
Sold by
Trevizo Norma
Bought by
Vazquez Jorge Armando and Brann Mayda
Seller's Agent
Ray Penado
Excellence RE Real Estate
Buyer's Agent
Ray Penado
Excellence RE Real Estate
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$417,302
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 1, 2016
Closed on
Jul 18, 2016
Sold by
Carrillo Raymond
Bought by
Trevizo Norma
Seller's Agent
David Gomez
The Heights Real Estate Group
Buyer's Agent
Guillermo Valdez
Northeastern Realty
List Price
$389,900
Sold Price
$275,000
Premium/Discount to List
-$114,900
-29.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
117.57%

Purchase Details

Listed on
Jul 1, 2016
Closed on
Jul 14, 2016
Sold by
Bera Samir G
Bought by
Trevizo Norma
Seller's Agent
David Gomez
The Heights Real Estate Group
Buyer's Agent
Guillermo Valdez
Northeastern Realty
List Price
$389,900
Sold Price
$275,000
Premium/Discount to List
-$114,900
-29.47%

Purchase Details

Closed on
Mar 8, 2013
Sold by
Mireles Jesus M and Carrillo Mireles Diane
Bought by
Bera Samir G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2001
Sold by
Carrillo Raymundo and Carrillo Rosa Delia
Bought by
Mireles Jesus M and Carrillo Mireles Diane
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
Salas Luis M -- Western Resources Title Comp
Salas Luis M $560,000 Western Resources Title Comp
Vasquez Jorge Armando -- None Available
Vazquez Jorge Armando $425,000 Ticor Title
Trevizo Norma -- Lawyers Title
Trevizo Norma $275,000 Lawyers Title
Bera Samir G $249,000 Title 365
Mireles Jesus M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salas Luis M $435,000
Closed Salas Luis M $430,000
Closed Salas Luis M $420,000
Previous Owner Vazquez Jorge Armando $417,302
Previous Owner Bera Samir G $172,500
Previous Owner Mireles Jesus M $160,800
Previous Owner Mireles Jesus M $100,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2018 08/30/18 Sold $560,000 -2.6% $451 / Sq Ft
08/06/2018 08/06/18 Pending -- -- --
07/05/2018 07/05/18 Price Changed $575,000 -2.4% $463 / Sq Ft
07/01/2018 07/01/18 For Sale $589,000 +38.6% $474 / Sq Ft
02/16/2017 02/16/17 Sold $425,000 -0.9% $342 / Sq Ft
01/17/2017 01/17/17 Pending -- -- --
01/04/2017 01/04/17 Price Changed $429,000 +0.9% $345 / Sq Ft
12/30/2016 12/30/16 For Sale $425,000 +54.5% $342 / Sq Ft
07/27/2016 07/27/16 Sold $275,000 0.0% $221 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
07/15/2016 07/15/16 Off Market $275,000 -- --
07/01/2016 07/01/16 For Sale $389,900 -- $314 / 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 $8,451 $624,686 $513,136 $111,550
2024 $8,451 $612,438 $503,075 $109,363
2023 $8,139 $600,430 $493,211 $107,219
2022 $7,762 $588,658 $483,541 $105,117
2021 $7,676 $577,116 $474,060 $103,056
2020 $7,733 $571,200 $469,200 $102,000
2019 $7,442 $560,000 $460,000 $100,000
2018 $6,048 $433,500 $183,600 $249,900
2016 $3,969 $260,057 $156,034 $104,023
2015 $3,913 $256,152 $153,691 $102,461
2014 $3,917 $251,135 $150,681 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18157747

California Regional Multiple Listing Service (CRMLS)

APN: 5238-003-005