NOT LISTED FOR SALE

479 Solano Ave Los Angeles, CA 90012

Estimated Value: $828,000 - $1,102,261

4 Beds
2 Baths
1,511 Sq Ft
$613/Sq Ft Est. Value

Last Sold September 13, 2018

Last sale price $728,000 $482 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,697/month

124 Days on Market

Highlights

  • City Lights View
  • Property is near park
  • 4-minute walk to Buena Vista Hill Elysian Park
  • Solano Avenue Elementary Rated A-
  • Laundry Room

About This Home

As of September 2018

Excellent Opportunity to Own Income Property or Prefect for Owner User, Property is Located in CHINA TOWN AREA, Close DOWN TOWN L.A.
Each Unit has 2 Bedrooms, 1 Bath. Both Units Have Been Updated with Beautiful Laminate Wood Flooring in Living Room and Bed Rooms.
Laundry Area off the Kitchen. ....... Brand New ROOFING ......
Large Back Yard for Gardening or Party and Parking Space for 3 Cars. Nice Quiet Neighborhood, Close to Park, School, Markets, Restaurants,
Dodge Stadium.
Walking Distance to Public Transportation, Easy Access to Freeway 110 & 5.

Last Agent to Sell the Property

Steve Le

HUNTINGTON REALTY GROUP CO. License #00603791 Listed on: 04/30/2018

Last Buyer's Agent

Tracy Do

Coldwell Banker Realty License #01350025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 5,581 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 1,511 Sq Ft Home
  • City Lights Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Additional Features

  • Exterior Lighting
  • Property is near park
  • Overhead Utilities

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 49
  • Assessor Parcel Number 5414024015

Community Details

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $982
  • Water Sewer Expense $1,457
  • New Taxes Expense $9,062
  • Operating Expense $11,637

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

5,581 Sq Ft Lot

Listing Details

  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1457.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5414024015
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 481.80

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Washer Hookup
  • Sewer: Public Sewer
  • 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: Park Nearby, Utilities - Overhead
  • Lot Size Sq Ft: 5581.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 13200.00
  • Insurance Expense: 982.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 11636.66

Tax Info

  • New Taxes Expense: 9062.00
  • Tax Census Tract: 2060.10
  • Tax Lot: 49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2020
Sold by
Mullin Mark and Do Tracy
Bought by
Spanish Charm Llc
Current Estimated Value
$925,815

Purchase Details

Closed on
Mar 6, 2020
Sold by
Spanish Charm Llc
Bought by
Mullin Mark and Do Tracy

Purchase Details

Closed on
Jan 29, 2020
Sold by
Do Tracy B and Mullin Mark H
Bought by
Spanish Charm Llc

Purchase Details

Listed on
Apr 30, 2018
Closed on
Aug 20, 2018
Sold by
Wong Yevette
Bought by
Do Tracy B and Mullin Mark H
Seller's Agent
Steve Le
HUNTINGTON REALTY GROUP CO.
Buyer's Agent
Tracy Do
Coldwell Banker Realty
List Price
$725,000
Sold Price
$728,000
Premium/Discount to List
$3,000
0.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.24%
Original Mortgage
$546,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2002
Sold by
Wong Alfred and Wong Yevette
Bought by
Wong Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.69%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Spanish Charm Llc -- Accommodation
Mullin Mark -- Lawyers Title Company
Spanish Charm Llc -- None Available
Do Tracy B $728,000 North American Title
Wong Alfred -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Do Tracy B $546,000
Previous Owner Wong Alfred $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2018 09/13/18 Sold $728,000 +0.4% $482 / Sq Ft
09/01/2018 09/01/18 Pending -- -- --
04/30/2018 04/30/18 For Sale $725,000 -- $480 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,919 $812,093 $557,756 $254,337
2024 $9,919 $796,170 $546,820 $249,350
2023 $9,730 $780,560 $536,099 $244,461
2022 $9,281 $765,256 $525,588 $239,668
2021 $9,168 $750,252 $515,283 $234,969
2020 $9,259 $742,560 $510,000 $232,560
2019 $8,896 $728,000 $500,000 $228,000
2018 $2,523 $194,984 $129,994 $64,990
2016 $2,399 $187,415 $124,948 $62,467
2015 $2,365 $184,601 $123,072 $61,529
2014 $2,384 $180,986 $120,662 $60,324
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18098955

California Regional Multiple Listing Service (CRMLS)

APN: 5414-024-015

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