Seller's Agent in 2024
Marlon Dorsey
MWD * Associates
(323) 240-1579
1 in this area
6 Total Sales
4849 W 17th St Los Angeles, CA 90019
Mid-City NeighborhoodEstimated Value: $937,000 - $2,103,000
5
Beds
3
Baths
907
Sq Ft
$1,479/Sq Ft
Est. Value
Highlights
- Laundry Room
- Paved or Partially Paved Lot
- Back and Front Yard
- Ceiling Fan
- Wall Furnace
- 1-Story Property
About This Home
As of April 2024***REDUCED***Introducing a fantastic property listing in a desirable midtown LA Pico/Rimpau neighborhood, featuring three units with one unit detached and immense upside potential. This well-maintained property offers a perfect opportunity for both investors and owner occupants looking to generate supplemental income.
Centrally located, this property boasts close proximity to the vibrant midtown shopping center, providing convenience and endless possibilities for shopping, dining, and entertainment. With easy access to downtown LA, Culver City, Venice, and Santa Monica via Venice Blvd, residents can enjoy the best of what these bustling areas have to offer.
Transportation is a breeze with the nearby Metrorail Expo Line and the Crenshaw LAX line, making commuting and exploring the city a breeze. Whether you're heading to work, exploring LA's famous landmarks, or enjoying the sandy beaches, you'll have convenient access to all of it.
Each unit offers separate garages, ensuring privacy and convenience for residents. This feature adds tremendous value to the property, making it even more appealing to potential tenants or homeowners.
This property presents an excellent opportunity for savvy investors looking to capitalize on the thriving real estate market in the heart of LA. The detached unit offers the potential for various uses, such as a private office, guest suite, or creative studio, providing endless possibilities for customization and increased rental income.
For owner occupants seeking a central location to call home, this property offers the chance to live in one unit while renting out the others for supplemental income. It's a smart financial move that allows you to offset your mortgage or cover expenses while enjoying the benefits of homeownership.
Don't miss out on this great opportunity to invest in a well-maintained property with immense potential and excellent location. Contact us today to schedule a viewing and discover the countless possibilities this property holds.
Last Agent to Sell the Property
MWD * Associates Brokerage Phone: 323-240-1579 License #01370472 Listed on: 07/07/2023
Last Buyer's Agent
MWD * Associates Brokerage Phone: 323-240-1579 License #01370472 Listed on: 07/07/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,402
Year Built
- Built in 1924
Lot Details
- 7,008 Sq Ft Lot
- 1 Common Wall
- Paved or Partially Paved Lot
- Level Lot
- Back and Front Yard
Parking
- 3 Car Garage
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 907 Sq Ft Home
- 1-Story Property
- Ceiling Fan
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Urban Location
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 62
- Tax Tract Number 569
- Assessor Parcel Number 5067007014
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,500
- Water Sewer Expense $6,000
- Operating Expense $7,500
- Gross Income $39,059
- Net Operating Income $31,559
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 7, 2023
Closed on
Mar 27, 2024
Sold by
Marva J Alford Separate Property Trust and Alford Marva J
Bought by
Luxury Coastal Est Specialist
Seller's Agent
Marlon Dorsey
MWD * Associates
Buyer's Agent
Marlon Dorsey
MWD * Associates
List Price
$1,379,000
Sold Price
$855,000
Premium/Discount to List
-$524,000
-38%
Views
75
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,667
Avg. Annual Appreciation
32.53%
Original Mortgage
$1,066,282
Outstanding Balance
$1,050,350
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$291,317
Purchase Details
Closed on
Sep 4, 2008
Sold by
Alford Marva J
Bought by
Proper Alford Marva J and Proper Marva J Alford Separate
Purchase Details
Closed on
May 20, 2008
Sold by
Alford Lewis
Bought by
Alford Marva J
Purchase Details
Closed on
Jul 23, 2002
Sold by
Alford Lewis
Bought by
Alford Lewis and Alford Marva Joann
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 |
|---|---|---|---|
| Luxury Coastal Est Specialist | $855,000 | First American Title | |
| Proper Alford Marva J | -- | None Available | |
| Alford Marva J | -- | None Available | |
| Alford Lewis | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Luxury Coastal Est Specialist | $1,066,282 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/18/2024 04/18/24 | Sold | $855,000 | -31.6% | $943 / Sq Ft |
| 10/24/2023 10/24/23 | Price Changed | $1,250,000 | -9.4% | $1,378 / Sq Ft |
| 07/07/2023 07/07/23 | For Sale | $1,379,000 | -- | $1,520 / 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 | $1,402 | $872,100 | $714,000 | $158,100 |
| 2024 | $1,402 | $76,100 | $28,091 | $48,009 |
| 2023 | $1,387 | $74,609 | $27,541 | $47,068 |
| 2022 | $1,343 | $73,147 | $27,001 | $46,146 |
| 2021 | $1,313 | $71,714 | $26,472 | $45,242 |
| 2020 | $1,319 | $71,220 | $26,201 | $45,019 |
| 2019 | $1,284 | $69,829 | $25,688 | $44,141 |
| 2018 | $1,155 | $68,466 | $25,185 | $43,281 |
| 2016 | $1,085 | $65,579 | $24,208 | $41,371 |
| 2015 | $1,074 | $64,595 | $23,845 | $40,750 |
| 2014 | $1,101 | $63,330 | $23,378 | $39,952 |
Source: Public Records
Agents Affiliated with this Home
-
Marlon Dorsey
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23121452
APN: 5067-007-014
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
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