NOT LISTED FOR SALE

483 E 49th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $834,000 - $873,000

9 Beds
6 Baths
4,134 Sq Ft
$205/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $860,000 $208 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,375/month

76 Days on Market

About This Home

As of July 2024

483 E49th St in the South Park neighborhood of Los Angeles, located between Avalon Blvd & San Pedro St and just north ofthe South Park Recreation Center.The property features two structures, a fourplex made up of two one-bedrooms and two two-bedrooms and a threebedroomADU at the rear of the property that was constructed in 2022; the ADU is currently vacantThere are ten parking spaces; gas and electricity are separately meteredThe property is REO Lender owned and is being offered at a low $165,000 per unit and $200 PSF at the asking priceThe ADU totals 808 SF with an open layout between the kitchen and living rooms; the master bedroom has an ensuitebathroom; features include vinyl plank flooring, new appliances, recessed lighting and new cabinetryUnits within the fourplex are well-maintained with original finishes, but can be further enhanced when unit turnoveroccurs with new flooring, paint, appliances, lighting enhancements and updated kitchens and bathrooms to achievemarket rentsLocated in a dense, infill location of South Los Angeles with an easy commute to Downtown and Vernon; close distance to multiple Metro local lines on Avalon Blvd and 1.4 miles from the Metro A Rail Line

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 04/29/2024

Last Buyer's Agent

Meir Nemetsky

Power Brokers License #01946024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,208

Year Built

  • Built in 1909

Lot Details

  • 7,420 Sq Ft Lot

Parking

  • Driveway

Interior Spaces

  • 4,134 Sq Ft Home
  • 1-Story Property

Community Details

  • 5 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5109-020-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,208

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 4134
  • Lot Acreage: 0.1703
  • Year Built: 1909
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Price Per S Q F T: 199.56

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway

Lot Info

  • Assessed Improvement Percent: 7.41
  • Assessed Improvement Value: 52020
  • Assessed Land Percent: 92.59
  • Assessed Land Value: 650250
  • Total Assessed Value: 702270
  • Assessor Parcel Number: 5109-020-009
  • Lot Size Area: 7420

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 9.31
  • Number Of Units: 5
  • Total Annual Expense: 33019
  • Type Of Units: 1+1 2+1 3+1
  • Vacancy Rate: 20%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2024
Closed on
Jul 4, 2024
Sold by
Sdc Capital Mw Llc and Jrre Horizon Llc
Bought by
483 East 49 Llc
Seller's Agent
Neema Ahadian
Marcus & Millichap
Buyer's Agent
Meir Nemetsky
Power Brokers
List Price
$825,000
Sold Price
$860,000
Premium/Discount to List
$35,000
4.24%
Views
12
Current Estimated Value
$847,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,667
Avg. Annual Appreciation
-1.56%
Original Mortgage
$855,400
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2024
Sold by
California Td Specialists Llc
Bought by
Sdc Capital Mw Llc and Jrre Horizon Llc

Purchase Details

Closed on
Mar 7, 2024
Sold by
Real Property Trustee Inc
Bought by
Gary K Beyer Declaration Of Trust

Purchase Details

Closed on
Apr 6, 2023
Sold by
Orange Blossom 26 Llc
Bought by
Orange Blossom 26 Llc

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
6.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 1, 2020
Closed on
May 24, 2021
Sold by
Jaimes Santiago and Jaimes Rosa
Bought by
Orange Blossom 26 Llc
Seller's Agent
Sandra Orellana
Omega Home Realty
Buyer's Agent
Avraham Khordian
Living In America Financial
List Price
$730,000
Sold Price
$675,000
Premium/Discount to List
-$55,000
-7.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%
Original Mortgage
$750,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 27, 2007
Sold by
Jaimes Santiago and Pineda Eli Lopez
Bought by
Jaimes Santiago

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,500
Interest Rate
7.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2004
Sold by
Jaimes Santiago
Bought by
Jaimes Santiago

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2003
Sold by
Pineda Eli Lopez and Diaz Onecina
Bought by
Jaimes Santiago
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
483 East 49 Llc $860,000 Chicago Title
Sdc Capital Mw Llc $710,000 Lawyers Title
Gary K Beyer Declaration Of Trust $124,273 Accommodation/Courtesy Recordi
Orange Blossom 26 Llc -- Lawyers Title
Orange Blossom 26 Llc $675,000 Orange Coast Title
Jaimes Santiago -- Security Union Title
Jaimes Santiago -- Ltc
Jaimes Santiago -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 483 East 49 Llc $1,071,000
Closed 483 East 49 Llc $855,400
Previous Owner Orange Blossom 26 Llc $100,000
Previous Owner Orange Blossom 26 Llc $790,000
Previous Owner Orange Blossom 26 Llc $750,000
Previous Owner Jaimes Santiago $465,500
Previous Owner Jaimes Santiago $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2024 07/15/24 Sold $860,000 +4.2% $208 / Sq Ft
07/14/2024 07/14/24 Pending -- -- --
04/29/2024 04/29/24 For Sale $825,000 +22.2% $200 / Sq Ft
06/03/2021 06/03/21 Sold $675,000 -3.4% $208 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
11/15/2020 11/15/20 Price Changed $699,000 -0.1% $215 / Sq Ft
11/09/2020 11/09/20 Price Changed $700,000 -1.4% $216 / Sq Ft
10/10/2020 10/10/20 Price Changed $710,000 -2.7% $219 / Sq Ft
09/01/2020 09/01/20 For Sale $730,000 -- $225 / 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 $9,208 $860,000 $600,000 $260,000
2024 $9,208 $716,315 $663,255 $53,060
2023 $9,038 $702,270 $650,250 $52,020
2022 $8,632 $688,500 $637,500 $51,000
2021 $5,556 $423,230 $173,756 $249,474
2020 $5,605 $418,891 $171,975 $246,916
2019 $5,400 $410,678 $168,603 $242,075
2018 $5,239 $402,627 $165,298 $237,329
2016 $4,984 $386,994 $158,880 $228,114
2015 $4,915 $381,182 $156,494 $224,688
2014 $4,957 $373,716 $153,429 $220,287
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2024

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    2 in this area

    93 Total Sales

    Neema Ahadian
    Section Image
  • Meir Nemetsky

    Buyer's Agent in 2024

    Meir Nemetsky

    Power Brokers

    (310) 926-3119

    1 in this area

    60 Total Sales

    Meir Nemetsky
    Section Image

  • S

    Seller's Agent in 2021

    Sandra Orellana

    Omega Home Realty

    Section Image

  • A

    Buyer's Agent in 2021

    Avraham Khordian

    Living In America Financial

    (818) 906-5390

    1 in this area

    4 Total Sales

    Avraham Khordian
    Section Image
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Map

Source: The MLS

MLS Number: 24-389143

The MLS

APN: 5109-020-009

California Los Angeles County Los Angeles 90011 South Park

483 E 49th St, Los Angeles, CA

This home is located at 483 E 49th St, Los Angeles, CA 90011 since 29 April 2024 and is currently estimated at $847,333, approximately $204 per square foot. This property was built in 1909. 483 E 49th St is a home located in Los Angeles County with nearby schools including Forty-Ninth Street Elementary School, George Washington Carver Middle School, and Thomas Jefferson Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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