NOT LISTED FOR SALE

461 E Avenue 28 Los Angeles, CA 90031

Lincoln Heights Neighborhood

Estimated Value: $1,118,000 - $1,324,506

7 Beds
3 Baths
2,534 Sq Ft
$480/Sq Ft Est. Value

Last Sold February 26, 2021

Last sale price $900,000 $355 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $7,606/month

3 Days on Market

Highlights

  • No HOA
  • Bathtub with Shower
  • Laundry Room
  • Abraham Lincoln High School Rated A
  • Living Room
  • Walk-in Shower

About This Home

As of February 2021

Sensational income property or owner occupied. Newly Renovated 2 or 3-Unit Single story Multi-Family residence. The complex features: two unit (2Bed+1Bath), One unit (3Bed+1Bath). Brand new roof, windows, pipes, etc...Conveniently located near Public transit, Downtown, Universities, Shopping. Potential rent income up to $8000+/mo. with all units delivered free and cleared at close of escrow. Plenty of parking. Gas meter-3, Electricity meter-2, Water meter-1. City provides submeter reader or new owner can order additional meter at amazing low cost. Also a great Development opportunity for Multi-family unit dwelling.

Last Agent to Sell the Property

Lena Chong

West Shores Realty, Inc. License #01462600 Listed on: 01/29/2021

West Shores Realty, Inc.

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,904

Year Built

  • Built in 1925

Lot Details

  • 6,491 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,534 Sq Ft Home
  • Living Room
  • Dining Room
  • Center Hall
  • Laminate Flooring

Bedrooms and Bathrooms

  • 7 Main Level Bedrooms
  • 3 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Natural Gas Connected

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 1 / 7
  • Assessor Parcel Number 5206020037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,904

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Zoning: LARD3
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 5206020037
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2534.00 Square Feet
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 7
  • Eating Area: Dining Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 7
  • Price Per Square Foot: 355.17
  • Room Type: All Bedrooms Down, Center Hall, Kitchen, Living Room
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Bath(s)

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6491.00
  • Lot Size Acres: 0.1490

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6491.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 1993.00
  • Tax Lot: 1
  • Tax Tract Number: Meadow

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2021
Sold by
Lee Stephanie
Bought by
Gee And Daughter Investment Llc
Current Estimated Value
$1,216,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$749,000
Outstanding Balance
$682,541
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$533,586

Purchase Details

Listed on
Jan 29, 2021
Closed on
Feb 19, 2021
Sold by
Chong Vincent H and Chong Lena Hy
Bought by
Lee Stephanie
Seller's Agent
Lena Chong
West Shores Realty, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$900,000
Sold Price
$900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.90%
Original Mortgage
$135,000
Interest Rate
2.7%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jan 29, 2021
Closed on
Feb 18, 2021
Sold by
Gee Jin Song
Bought by
Lee Stephanie
Seller's Agent
Lena Chong
West Shores Realty, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$900,000
Sold Price
$900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
2.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 20, 2011
Sold by
Vong Nancy
Bought by
Vong Chau
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
Gee And Daughter Investment Llc -- Pacific Coast Title Company
Lee Stephanie $900,000 Old Republic Title
Lee Stephanie -- Old Republic Title
Vong Chau -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gee And Daughter Investment Ll $191,000
Closed Gee And Daughter Investment Ll $161,000
Open Gee And Daughter Investment Llc $749,000
Previous Owner Lee Stephanie $135,000
Previous Owner Lee Stephanie $585,000
Previous Owner Lee Stephanie $135,000
Previous Owner Chong Vincent H $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold $900,000 0.0% $355 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $900,000 -- $355 / 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 $11,904 $974,187 $595,337 $378,850
2024 $11,904 $955,086 $583,664 $371,422
2023 $11,457 $918,000 $561,000 $357,000
2022 $10,929 $900,000 $550,000 $350,000
2021 $3,583 $269,114 $241,199 $27,915
2020 $3,612 $266,355 $238,726 $27,629
2019 $3,482 $261,134 $234,046 $27,088
2018 $3,358 $256,014 $229,457 $26,557
2016 $3,187 $246,075 $220,548 $25,527
2015 $3,144 $242,380 $217,236 $25,144
2014 $3,167 $237,633 $212,981 $24,652
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lena Chong

    West Shores Realty, Inc.

    (562) 860-2571

    1 in this area

    6 Total Sales

    Lena Chong
    Section Image

  • N

    Buyer's Agent in 2021

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,851 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21016620

California Regional Multiple Listing Service (CRMLS)

APN: 5206-020-037

California Los Angeles County Los Angeles 90031 Lincoln Heights

461 E Avenue 28, Los Angeles, CA

This home is located at 461 E Avenue 28, Los Angeles, CA 90031 since 29 January 2021 and is currently estimated at $1,216,127, approximately $479 per square foot. This property was built in 1925. 461 E Avenue 28 is a home located in Los Angeles County with nearby schools including Hillside 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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