NOT LISTED FOR SALE

457 N Record Ave Los Angeles, CA 90063

Estimated Value: $857,000 - $1,416,123

8 Beds
6 Baths
2,300 Sq Ft
$507/Sq Ft Est. Value

Last Sold November 04, 2016

Last sale price $789,000 $343 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $7,425/month

156 Days on Market

About This Home

As of November 2016

457 N Record Ave. - a 4 unit apartment building located in the up and coming sub-market of City Terrace of Los Angeles, CA. The building was originally constructed in 1925 and consists of 2,500 square feet of living space; however it was completely remodeled with completion in 2016. There were extensive improvements made to the foundation of the property, the roof, all new copper plumbing, completely new electric systems, brand new water heaters, and brand new windows for each unit. The interior of each unit was also extensively remodeled and was converted into all 2 bedroom / 1.5 bathrooms (Buyer to Verify) units with granite counter tops, new tile flooring, and new appliances. The property exterior was also completely repainted and re-landscaped and a very community friendly, quiet common area was added for each unit. The property is situated on a 3,500 Square foot lot with ample street parking available for the tenants.

Last Agent to Sell the Property

Derrick Vartanian

Lyon Stahl Investment Real Estate, Inc. License #01816119 Listed on: 04/06/2016

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Jonathan Prakash

Equity Union License #01483131

Last Buyer's Agent

Derrick Vartanian

Lyon Stahl Investment Real Estate, Inc. License #01816119 Listed on: 04/06/2016

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,909

Year Built

  • Built in 1925

Lot Details

  • 3,501 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 2,300 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5233-001-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,909

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2300
  • Year Built: 1925
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Price Per S Q F T: 347.39

Exterior Features

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

Garage/Parking

  • Parking Garage: On street

Utilities

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

Lot Info

  • Assessed Improvement Value: 85041
  • Assessed Land Value: 143444
  • Assessor Parcel Number: 5233-001-002
  • Geocode Override: No
  • Lot Size Area: 3501

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 9.94
  • Number Of Units: 4
  • Total Annual Expense: 22081
  • Type Of Units: Apartment
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2021
Sold by
Pearson Matthew L and Pearson Mary K
Bought by
Pearson Matthew and Pearson Mary
Total Days on Market
156
Current Estimated Value
$1,165,281

Purchase Details

Listed on
Apr 6, 2016
Closed on
Sep 21, 2016
Sold by
Moradzadeh Danny
Bought by
Pearson Matthew L and Pearson Mary K
Seller's Agent
Derrick Vartanian
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Derrick Vartanian
Lyon Stahl Investment Real Estate, Inc.
List Price
$949,000
Sold Price
$789,000
Premium/Discount to List
-$160,000
-16.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.40%
Original Mortgage
$552,800
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2013
Sold by
Moradzadeh Danny and Geoloa Sherli
Bought by
Moradzadeh Danny and Geoloa Sherli

Purchase Details

Closed on
Jan 10, 2013
Sold by
Villareal Arthur and Villareal Sylvia Ann
Bought by
Moradzadeh Danny and Gecla Sherli
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
Pearson Matthew -- Av Land Title Consulting
Pearson Matthew L $789,000 Lawyers Title Company
Moradzadeh Danny -- None Available
Moradzadeh Danny $223,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pearson Matthew L $535,000
Closed Pearson Matthew L $552,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2016 11/04/16 Sold $789,000 -1.3% $343 / Sq Ft
09/09/2016 09/09/16 Pending -- -- --
09/06/2016 09/06/16 Price Changed $799,000 -11.1% $347 / Sq Ft
07/11/2016 07/11/16 Price Changed $899,000 -5.3% $391 / Sq Ft
04/06/2016 04/06/16 For Sale $949,000 -- $413 / 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 $12,909 $915,696 $464,232 $451,464
2024 $12,909 $897,742 $455,130 $442,612
2023 $12,358 $880,140 $446,206 $433,934
2022 $11,801 $862,883 $437,457 $425,426
2021 $11,671 $845,965 $428,880 $417,085
2019 $11,327 $821,295 $416,160 $405,135
2018 $11,197 $805,200 $408,000 $397,200
2016 $4,409 $231,968 $145,631 $86,337
2015 $4,352 $228,485 $143,444 $85,041
2014 $4,364 $224,011 $140,635 $83,376
Source: Public Records

Agents Affiliated with this Home

  • Derrick Vartanian

    Seller's Agent in 2016

    Derrick Vartanian

    Lyon Stahl Investment Real Estate, Inc.

    (310) 482-2200

    13 Total Sales

    Derrick Vartanian
    Section Image

  • J

    Seller Co-Listing Agent in 2016

    Jonathan Prakash

    Equity Union

    (424) 600-7620

    6 Total Sales

    Jonathan Prakash
    Section Image
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Map

Source: The MLS

MLS Number: 16-113024

The MLS

APN: 5233-001-002

California Los Angeles County Los Angeles 90063

457 N Record Ave, Los Angeles, CA

This home is located at 457 N Record Ave, Los Angeles, CA 90063 since 06 April 2016 and is currently estimated at $1,165,281, approximately $506 per square foot. This property was built in 1925. 457 N Record Ave is a home located in Los Angeles County with nearby schools including William R. Anton Elementary School, Belvedere Middle School, and Engineering And Technology Academy At Esteban E. Torres High No. 3.

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