NOT LISTED FOR SALE

479 E 49th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $1,257,895 - $1,540,000

6 Beds
6 Baths
840 Sq Ft
$1,665/Sq Ft Est. Value

Last Sold October 07, 2020

Last sale price $1,050,000 $1,250 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $8,413/month

56 Days on Market

Highlights

  • City Lights View
  • Craftsman Architecture
  • Tile Flooring
  • Dual Staircase
  • Main Floor Bedroom
  • Fenced

About This Home

As of October 2020

Investment opportunity!! Property features; 6 units, Lot size 7,421 Square Feet: 4,312 lots of parking space in rear. Just minutes from downtown L.A, shopping centers, restaurants, and freeways..

Last Agent to Sell the Property

Jocelyn Guardado

Compass License #02090648 Listed on: 07/16/2020

Compass

Last Buyer's Agent

Carlos Estra Estrada

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,421 Sq Ft Lot
  • Fenced
  • Back Yard

Home Design

  • Craftsman Architecture
  • Raised Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 840 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • City Lights Views

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 6 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 6 Parking Spaces
  • 1 Carport Space

Location

  • City Lot

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5109-020-010

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

7,421 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: Two
  • Street Number Display: Yes
  • Entry Location: Other
  • Living Area: 840
  • Lot Acreage: 0.1704
  • Probate: No
  • Year Built: 1940
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Interior Amenities: 2 Staircases
  • Flooring: Carpet, Tile
  • Bedrooms: 6
  • Bedroom Features: Main Floor Bedroom
  • Common Walls: Attached
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 1428.57

Exterior Features

  • Construction: Frame
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: City Lights, City
  • View: Yes

Garage/Parking

  • Carport Spaces: 1
  • Other Spaces: 5
  • Garage Structures: 0
  • Total Parking: 6

Utilities

  • Water Heater: Gas
  • Heating: Wall Gas
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 65.36
  • Assessed Improvement Value: 510000
  • Assessed Land Percent: 34.64
  • Assessed Land Value: 270300
  • Total Assessed Value: 780300
  • Assessor Parcel Number: 5109-020-010
  • Lot Description: Back Yard, Fenced
  • Lot Location: City
  • Lot Size Area: 7421

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 93720.00
  • Number Of Units: 6
  • Type Of Units: attached

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2020
Closed on
Sep 28, 2020
Sold by
Franklin Holdings Llc
Bought by
479 East 49Th St Llc
Seller's Agent
Jocelyn Guardado
Compass
Buyer's Agent
Carlos Estra Estrada
List Price
$1,200,000
Sold Price
$1,050,000
Premium/Discount to List
-$150,000
-12.5%
Current Estimated Value
$1,398,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,948
Avg. Annual Appreciation
5.50%
Original Mortgage
$594,000
Outstanding Balance
$528,331
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$870,617

Purchase Details

Listed on
Jan 19, 2016
Closed on
Mar 25, 2016
Sold by
Ljrb Investments Llc
Bought by
Franklin Holdings Llc
Seller's Agent
Ian Hollinger
BRC Advisors- BH
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$775,000
Sold Price
$765,000
Premium/Discount to List
-$10,000
-1.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.26%
Original Mortgage
$573,750
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2011
Sold by
East West Bank
Bought by
Ljrb Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
4.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 2010
Sold by
Blue Point Properties Llc
Bought by
East West Bank

Purchase Details

Closed on
Mar 13, 2006
Sold by
Blue Point Properties Llc
Bought by
Blue Point Properties Llc and Lvre Llc

Purchase Details

Closed on
Nov 29, 2005
Sold by
Lim Seung Jae and Roh Seon Mi
Bought by
Blue Point Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6.07%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 24, 2004
Sold by
Tran Bich Chi Thi and Do Huong T
Bought by
Lim Seung Jae and Roh Seon Mi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 18, 2002
Sold by
West 97Th Street Lp
Bought by
Tran Bich Chi Thi and Do Huong T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,500
Interest Rate
5.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 1995
Sold by
Smith Mapple O and West 97Th Street Ltd Partnersh
Bought by
West 97Th Street Ltd Partnership
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
479 East 49Th St Llc $1,050,000 Western Resources Title
Franklin Holdings Llc $765,000 Chicago Title
Ljrb Investments Llc $207,502 Lawyers Title
East West Bank $441,600 Accommodation
Blue Point Properties Llc -- None Available
Blue Point Properties Llc -- Financial Title Gardena
Lim Seung Jae $480,000 Landsafe Title
Tran Bich Chi Thi $385,000 Landsafe Title
West 97Th Street Ltd Partnership $53,768 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 479 East 49Th St Llc $594,000
Previous Owner Franklin Holdings Llc $573,750
Previous Owner Ljrb Investments Llc $162,000
Previous Owner Blue Point Properties Llc $495,000
Previous Owner Lim Seung Jae $336,000
Previous Owner Tran Bich Chi Thi $269,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2020 10/07/20 Sold $1,050,000 -12.5% $1,250 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
08/21/2020 08/21/20 For Sale $1,200,000 0.0% $1,429 / Sq Ft
07/21/2020 07/21/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $1,200,000 +56.9% $1,429 / Sq Ft
04/01/2016 04/01/16 Sold $765,000 -1.3% $177 / Sq Ft View Prior Sale
02/01/2016 02/01/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $775,000 -- $180 / Sq Ft
Source: The MLS

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 $14,474 $1,136,553 $454,621 $681,932
2024 $14,474 $1,114,268 $445,707 $668,561
2023 $14,209 $1,092,420 $436,968 $655,452
2022 $13,579 $1,071,000 $428,400 $642,600
2021 $13,347 $1,050,000 $420,000 $630,000
2020 $10,951 $828,060 $286,844 $541,216
2019 $10,546 $811,824 $281,220 $530,604
2018 $10,392 $795,906 $275,706 $520,200
2016 $3,435 $224,566 $116,341 $108,225
2015 $3,395 $221,194 $114,594 $106,600
2014 $3,446 $216,862 $112,350 $104,512
Source: Public Records

Agents Affiliated with this Home

  • Jocelyn Guardado

    Seller's Agent in 2020

    Jocelyn Guardado

    Compass

    (818) 233-5027

    11 Total Sales

    Jocelyn Guardado
    Section Image

  • C

    Buyer's Agent in 2020

    Carlos Estra Estrada

  • Ian Hollinger

    Seller's Agent in 2016

    Ian Hollinger

    BRC Advisors- BH

    (213) 226-8700

    13 Total Sales

    Ian Hollinger
    Section Image

  • S

    Buyer's Agent in 2016

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 20-605638

The MLS

APN: 5109-020-010

California Los Angeles County Los Angeles 90011 South Park

479 E 49th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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