488 Margaret Ave Los Angeles, CA 90022
4
Beds
2
Baths
1,533
Sq Ft
5,142
Sq Ft Lot
About This Home
As of June 2016Great Property in need of major repairs. The front house is a spacious 2 bedroom 1 bath with inside laundry room. Back house is also a 2 bedroom 1 back that will need to be completely remodeled.
Last Agent to Sell the Property
Keller Williams Coastal Prop License #01509666 Listed on: 04/27/2015
Last Buyer's Agent
Keller Williams Coastal Prop License #01509666 Listed on: 04/27/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,377
Year Built
- Built in 1924
Lot Details
- 5,142 Sq Ft Lot
- No Common Walls
- Private Yard
Parking
- 1 Parking Space
Home Design
- 1,533 Sq Ft Home
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 339
- Tax Tract Number 7193
- Assessor Parcel Number 6341012016
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $20
- Insurance Expense $35
- Trash Expense $35
- Water Sewer Expense $35
- New Taxes Expense $125
- Gross Income $500
- Net Operating Income $375
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2016
Closed on
May 9, 2016
Sold by
Royalty 26 Inc
Bought by
Arias Xiomara N and Gonzalez Christian J
Seller's Agent
Jennifer Avellan
Keller Williams SELA
Buyer's Agent
Mishelle Leblanc
Odyssey Realty Group
List Price
$524,900
Sold Price
$515,000
Premium/Discount to List
-$9,900
-1.89%
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
$280,206
Avg. Annual Appreciation
4.58%
Original Mortgage
$505,672
Outstanding Balance
$403,809
Interest Rate
3.59%
Mortgage Type
FHA
Estimated Equity
$373,829
Purchase Details
Closed on
May 22, 2015
Sold by
Aranda Angela and Estate Of Guillermo Zamora Bue
Bought by
Royalty 26 Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Los Angeles, CA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $515,000 | Ticor Title Co | |
| Grant Deed | $335,000 | Ticor Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $13,402 | FHA | |
| Open | $505,672 | FHA | |
| Previous Owner | $240,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/07/2016 06/07/16 | Sold | $515,000 | -1.9% | $317 / Sq Ft |
| 04/11/2016 04/11/16 | Pending | -- | -- | -- |
| 02/13/2016 02/13/16 | For Sale | $524,900 | +52.1% | $323 / Sq Ft |
| 10/09/2015 10/09/15 | Sold | $345,000 | -13.8% | $225 / Sq Ft |
| 04/03/2015 04/03/15 | Pending | -- | -- | -- |
| 03/06/2015 03/06/15 | For Sale | $400,000 | -- | $261 / 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 | $8,377 | $609,648 | $355,136 | $254,512 |
| 2024 | $8,377 | $597,695 | $348,173 | $249,522 |
| 2023 | $8,068 | $585,977 | $341,347 | $244,630 |
| 2022 | $7,697 | $574,488 | $334,654 | $239,834 |
| 2021 | $7,611 | $563,225 | $328,093 | $235,132 |
| 2020 | $7,668 | $557,451 | $324,729 | $232,722 |
| 2019 | $7,382 | $546,521 | $318,362 | $228,159 |
| 2018 | $7,265 | $535,806 | $312,120 | $223,686 |
| 2016 | $4,859 | $335,000 | $200,000 | $135,000 |
| 2015 | $4,937 | $342,712 | $224,395 | $118,317 |
| 2014 | $2,343 | $124,893 | $68,691 | $56,202 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Avellan
Seller's Agent in 2016
Jennifer Avellan
Keller Williams SELA
(310) 346-7851
11 in this area
169 Total Sales
-
M
Buyer's Agent in 2016
Mishelle Leblanc
Odyssey Realty Group
-
Jasmin Duran
Seller's Agent in 2015
Jasmin Duran
Keller Williams Coastal Prop
(562) 405-9862
50 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS15048216
APN: 6341-012-016
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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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