NOT LISTED FOR SALE

489 E 49th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $707,000 - $1,119,000

8 Beds
5 Baths
3,388 Sq Ft
$279/Sq Ft Est. Value

Last Sold December 01, 2017

Last sale price $635,000 $187 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $5,681/month

85 Days on Market

About This Home

As of December 2017

An excellent multi-family property in the Los Angeles neighborhood, featuring 4 units. Don't miss out on this great opportunity that makes a great investment property or perfect for the person who prefers to occupy it. The building has a combined 3388 sqft. of living space and is situated on a flat lot that is 7,699 sq.ft. It is centrally located, including public transportation just a few blocks away and a short commute to Downtown LA, USC Medical Ctr.

Last Agent to Sell the Property

Fina Encinas

Coldwell Banker Envision License #01279347 Listed on: 01/30/2017

Coldwell Banker Envision

Last Buyer's Agent

Fina Encinas

Coldwell Banker Envision License #01279347 Listed on: 01/30/2017

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 7,700 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 3,388 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 8
  • Assessor Parcel Number 5109020008

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $60
  • Water Sewer Expense $120
  • Operating Expense $180
  • Gross Income $2,950
  • Net Operating Income $100

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 120.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5109020008
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 187.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 60.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7700.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 2950.00
  • Gross Scheduled Income: 2950.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 100.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 100.00
  • Rent Control: Yes
  • Total Expenses: 180.00

Tax Info

  • Tax Census Tract: 2293.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2017
Closed on
Nov 30, 2017
Sold by
Silva Jesus Alejandro Silva
Bought by
Chavez Alberto
Seller's Agent
Fina Encinas
Coldwell Banker Envision
Buyer's Agent
Fina Encinas
Coldwell Banker Envision
List Price
$650,000
Sold Price
$635,000
Premium/Discount to List
-$15,000
-2.31%
Current Estimated Value
$946,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,101
Avg. Annual Appreciation
5.01%
Original Mortgage
$476,250
Outstanding Balance
$400,337
Interest Rate
3.88%
Estimated Equity
$545,764

Purchase Details

Listed on
Jan 30, 2017
Closed on
Nov 8, 2017
Sold by
Chavez Lilia Rodriguez
Bought by
Chavez Alberto
Seller's Agent
Fina Encinas
Coldwell Banker Envision
Buyer's Agent
Fina Encinas
Coldwell Banker Envision
List Price
$650,000
Sold Price
$635,000
Premium/Discount to List
-$15,000
-2.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,250
Outstanding Balance
$400,337
Interest Rate
3.88%
Estimated Equity
$545,764

Purchase Details

Closed on
Mar 10, 2006
Sold by
Silva Veronica
Bought by
Silva Jesus

Purchase Details

Closed on
Jul 22, 2005
Sold by
Chavez Cecilio
Bought by
Silva Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,900
Interest Rate
5.56%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 2, 2004
Sold by
Lazaro David
Bought by
Silva Veronica and Chavez Cecilio

Purchase Details

Closed on
May 30, 2003
Sold by
Altura Management Inc
Bought by
Lazaro David and Silva Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,500
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2003
Sold by
Chavez Patricia
Bought by
Chavez Cecilio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,500
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2002
Sold by
Garcia Guadalupe T
Bought by
Garcia Eduardo

Purchase Details

Closed on
Sep 25, 2002
Sold by
Household Bank Fsb
Bought by
Garcia Eduardo

Purchase Details

Closed on
Nov 21, 2001
Sold by
Long Eugene
Bought by
Household Bank Fsb

Purchase Details

Closed on
Oct 18, 1999
Sold by
Long Lisa
Bought by
Long Eugene

Purchase Details

Closed on
Jul 13, 1999
Sold by
Ingram Trhosia and Ingram Trhosia E
Bought by
Long Eugene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
7.86%

Purchase Details

Closed on
Jun 30, 1999
Sold by
Washington Mutual Bank Fa
Bought by
Ingram Trhosia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
7.86%

Purchase Details

Closed on
Oct 27, 1998
Sold by
Enriquez Donaciano B and Enriquez Lucia
Bought by
Washington Mutual Bank Fa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chavez Alberto $635,000 Orange Coast Title Company
Chavez Alberto -- Orange Coast Title Company
Silva Jesus -- None Available
Silva Veronica -- --
Silva Veronica -- New Century Title Company
Lazaro David $317,500 Commerce Title Company
Altura Management Inc -- Commerce Title Company
Chavez Cecilio -- Commerce Title Company
Lazaro David -- Commerce Title Company
Garcia Eduardo -- Chicago Title
Garcia Eduardo $210,000 Chicago Title
Household Bank Fsb $195,163 North American Title Co
Household Bank Fsb $195,163 North American Title Co
Long Eugene -- First American Title Co
Long Eugene $320,000 First American Title Co
Ingram Trhosia E $181,200 Chicago Title Co
Washington Mutual Bank Fa $129,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez Alberto $476,250
Previous Owner Silva Veronica $378,900
Previous Owner Lazaro David $301,500
Previous Owner Long Eugene $283,500
Previous Owner Ingram Trhosia E $193,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2017 12/01/17 Sold $635,000 -2.3% $187 / Sq Ft
09/27/2017 09/27/17 For Sale $650,000 0.0% $192 / Sq Ft
07/13/2017 07/13/17 For Sale $650,000 0.0% $192 / Sq Ft
04/25/2017 04/25/17 Pending -- -- --
01/30/2017 01/30/17 For Sale $650,000 -- $192 / 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 $9,100 $722,516 $494,953 $227,563
2024 $9,100 $708,350 $485,249 $223,101
2023 $8,931 $694,462 $475,735 $218,727
2022 $8,529 $680,846 $466,407 $214,439
2021 $8,413 $667,497 $457,262 $210,235
2019 $8,169 $647,700 $443,700 $204,000
2018 $8,035 $635,000 $435,000 $200,000
2017 $8,865 $706,487 $385,036 $321,451
2016 $8,640 $692,636 $377,487 $315,149
2015 $8,518 $682,233 $371,817 $310,416
2014 $8,568 $668,870 $364,534 $304,336
Source: Public Records

Agents Affiliated with this Home

  • Fina Encinas

    Seller's Agent in 2017

    Fina Encinas

    Coldwell Banker Envision

    (562) 822-0176

    30 Total Sales

    Fina Encinas
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17021376

California Regional Multiple Listing Service (CRMLS)

APN: 5109-020-008

California Los Angeles County Los Angeles 90011 South Park

489 E 49th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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