Seller's Agent in 2021
Kevin Messiha
Keller Williams SELA
(562) 250-3238
2 in this area
145 Total Sales
480 E 48th St Los Angeles, CA 90011
South Park NeighborhoodEstimated Value: $640,000 - $837,469
3
Beds
2
Baths
1,736
Sq Ft
$412/Sq Ft
Est. Value
Highlights
- Lawn
- Laundry Room
- Level Lot
- Neighborhood Views
- Landscaped
- 5-minute walk to 49th Street Park
About This Home
As of August 2021Amazing opportunity to own an income producing property in the great city of LA! This well-kept Duplex sits on a lot of 5,480 sqft with a living area of 1,736 sqft. Both units feature new exterior paint, and newer flooring. Front unit presents 2 bed, 1 bath (with a bonus room, currently used as a 3rd bedroom), laundry room, spacious and semi-open floor plan in living areas. Back unit is a 1 bed, 1 bath, also with open floor plan in the living areas. Plenty of parking on the property for both tenants! Location of property is convenient as it is minutes from Downtown LA, shops, restaurants, markets, parks, and schools. Do not miss the opportunity to own this great property and enjoy all it has to offer! *Property is tenant occupied, and intent is to sell with them in place. Both tenants are in good standing with rent*
Last Agent to Sell the Property
Keller Williams SELA License #01883819 Listed on: 04/13/2021
Last Buyer's Agent
Alma Tamayo
KAM Financial Realty License #02035232
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 5,480 Sq Ft Lot
- No Common Walls
- Landscaped
- Level Lot
- Lawn
- Garden
- Front Yard
Interior Spaces
- 1,736 Sq Ft Home
- Neighborhood Views
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- Parking Available
- Combination Of Materials Used In The Driveway
- Parking Lot
Outdoor Features
- Exterior Lighting
Utilities
- Wall Furnace
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 41
- Assessor Parcel Number 5109020038
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,600
- Maintenance Expense $200
- Water Sewer Expense $1,800
- New Taxes Expense $4,000
- Operating Expense $7,600
- Gross Income $20,000
- Net Operating Income $20,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 12, 2011
Sold by
S & L Management Inc
Bought by
Benitez Natividad and Lizarraga Alicia
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,200
Interest Rate
4.67%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 30, 2010
Sold by
Mestas Aida
Bought by
S & L Management Inc
Purchase Details
Closed on
May 23, 2005
Sold by
Norris Robert and Estate Of Will Brown
Bought by
Mestas Aida
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Benitez Natividad | $209,000 | Provident Title Company | |
| S & L Management Inc | -- | Provident Title Company | |
| Mestas Aida | $460,000 | New Century Title Company Lo |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Benitez Natividad | $167,200 | |
| Previous Owner | Mestas Aida | $348,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/11/2021 08/11/21 | Sold | $515,000 | -2.8% | $297 / Sq Ft |
| 07/22/2021 07/22/21 | For Sale | $530,000 | 0.0% | $305 / Sq Ft |
| 07/14/2021 07/14/21 | For Sale | $530,000 | +2.9% | $305 / Sq Ft |
| 07/13/2021 07/13/21 | Off Market | $515,000 | -- | -- |
| 05/24/2021 05/24/21 | Pending | -- | -- | -- |
| 05/23/2021 05/23/21 | Pending | -- | -- | -- |
| 05/18/2021 05/18/21 | Price Changed | $530,000 | -1.9% | $305 / Sq Ft |
| 05/11/2021 05/11/21 | Price Changed | $540,000 | -2.7% | $311 / Sq Ft |
| 04/13/2021 04/13/21 | For Sale | $555,000 | -- | $320 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $6,855 | $546,521 | $440,401 | $106,120 |
| 2024 | $6,784 | $535,806 | $431,766 | $104,040 |
| 2023 | $6,656 | $525,300 | $423,300 | $102,000 |
| 2022 | $6,352 | $515,000 | $415,000 | $100,000 |
| 2021 | $4,042 | $315,303 | $171,380 | $143,923 |
| 2020 | $4,078 | $312,071 | $169,623 | $142,448 |
| 2019 | $3,926 | $305,953 | $166,298 | $139,655 |
| 2018 | $3,818 | $299,955 | $163,038 | $136,917 |
| 2016 | $3,637 | $288,309 | $156,708 | $131,601 |
| 2015 | $3,586 | $283,980 | $154,355 | $129,625 |
| 2014 | $3,610 | $278,418 | $151,332 | $127,086 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Messiha
-
A
Buyer's Agent in 2021
Alma Tamayo
KAM Financial Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW21076647
APN: 5109-020-038
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.
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
Nearby Homes
- 647 E 50th St
- 420 E 51st St
- 4129 Avalon Blvd
- 631 E 47th St
- 401 E 46th St
- 5123 S San Pedro St
- 4416 Crocker St
- 4618 Wall St
- 5102 Woodlawn Ave
- 917 E 49th Place
- 915 E 50th St
- 456 E 43rd Place
- 415 E Vernon Ave
- 626 E 54th St
- 4355 Avalon Blvd
- 857 E 52nd Place
- 5125 Woodlawn Ave
- 4421 Wall St
- 405 E 43rd Place
- 4607 Wadsworth Ave