NOT LISTED FOR SALE

5049 W 58th Place Los Angeles, CA 90056

Ladera Heights Neighborhood

Estimated Value: $1,698,925 - $1,917,000

9 Beds
6 Baths
4,958 Sq Ft
$369/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $1,525,000 $308 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $11,328/month

1 Day on Market

Highlights

  • City Lights View
  • Modern Architecture
  • Central Heating
  • Fireplace in Primary Bedroom
  • Laundry Room
  • 6 Car Garage

About This Home

As of May 2021

****INSPECTIONS ARE SUBJECT TO AN ACCEPTED OFFER****LADERA HEIGHTS, CALIFORNIA


Building Type: TRIPLEX COMMERCIAL/MULTI FAMILY
Built in 1959, Beds 9, Baths 6, Sqft 4,958, Lot Size 8,301

Rent Roll, Income & Expense reports are provided with a confidentiality agreement and accepted offer.

Great investment opportunity with steady cash flow, strong rental market and potential upside in rents.

BONUS OPPORTUNITY 3 GARAGES may be ideal for ADU conversions.

All rents are current. Conveniently located within walking distance to shopping centers, grocery stores, restaurants, coffee shops, banks, parks, gas stations, Metro Line, schools, museums. Easy access to major freeways. Roof in good condition and well maintained property with low maintenance and long-term tenants. Great investment property for any investor.. Listing info deemed reliable, but not guaranteed. No warranties expressed or implied.
**THIS COULD BE PART OF A (2) UNIT PURCHASE we have two TRIPLEX units currently for sale**

Last Agent to Sell the Property

Arthur Cervantes

Schultz Elite Financial License #01984162 Listed on: 04/19/2021

Last Buyer's Agent

Arthur Cervantes

Schultz Elite Financial License #01984162 Listed on: 04/19/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,700

Year Built

  • Built in 1959

Lot Details

  • 8,301 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Triplex
  • Modern Architecture
  • Turnkey
  • Raised Foundation

Interior Spaces

  • 4,958 Sq Ft Home
  • Family Room with Fireplace
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Fireplace in Primary Bedroom
  • 6 Bathrooms

Utilities

  • Central Heating
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 18
  • Tax Tract Number 24049
  • Assessor Parcel Number 4001002020

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • Gardener Expense $100
  • Insurance Expense $111
  • Gross Income $5,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,700

Year Built

Built in 1959

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Ladera Heights
  • View: Yes
  • Zoning: LCR318U*
  • Architectural Style: Modern
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 100.00
  • Parcel Number: 4001002020
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Family Room, Master Bedroom
  • Price Per Square Foot: 307.58

Exterior Features

  • Foundation: Raised
  • View: City Lights
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Other
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8301.00
  • Lot Size Acres: 0.1906

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Average3 Bed Area: 1658 Square Feet
  • Gross Income: 5000.00
  • Gross Scheduled Income: 5100.00
  • Insurance Expense: 111.25
  • Lot Size Area: 8301.0000 Square Feet
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: Yes
  • Total Actual Rent: 5940.00

Tax Info

  • Tax Census Tract: 7030.02
  • Tax Lot: 18
  • Tax Tract Number: 24049

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
Jul 1, 2021
Sold by
Green Leonard
Bought by
Nhg Properties Llc
Seller's Agent
Arthur Cervantes
Schultz Elite Financial
Buyer's Agent
Arthur Cervantes
Schultz Elite Financial
List Price
$1,500,000
Sold Price
$1,525,000
Premium/Discount to List
$25,000
1.67%
Current Estimated Value
$1,784,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,295
Avg. Annual Appreciation
4.41%

Purchase Details

Listed on
Apr 19, 2021
Closed on
Apr 22, 2021
Sold by
Cimarusti William
Bought by
Green Leonard
Seller's Agent
Arthur Cervantes
Schultz Elite Financial
Buyer's Agent
Arthur Cervantes
Schultz Elite Financial
List Price
$1,500,000
Sold Price
$1,525,000
Premium/Discount to List
$25,000
1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,068,750
Outstanding Balance
$969,123
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$859,108

Purchase Details

Closed on
Mar 23, 2010
Sold by
Cimarusti Elva Jane and The Cimarusti Family Trust
Bought by
Cimarusti Elva Jane and The Cimarusti Family Trust

Purchase Details

Closed on
Jan 23, 2006
Sold by
Cimarusti Cataldo and Cimarusti Elva Jane
Bought by
Cimarusti Cataldo
Source: Public Records

Range of Values:

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Average Value
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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
Nhg Properties Llc -- None Available
Green Leonard $1,425,000 Corinthian Title
Cimarusti Elva Jane -- None Available
Cimarusti Cataldo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Green Leonard $1,068,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $1,525,000 +1.7% $308 / Sq Ft
04/19/2021 04/19/21 For Sale $1,500,000 -- $303 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,700 $1,542,462 $1,310,824 $231,638
2024 $18,700 $1,512,219 $1,285,122 $227,097
2023 $18,275 $1,482,569 $1,259,924 $222,645
2022 $18,696 $1,453,500 $1,235,220 $218,280
2021 $17,955 $1,375,000 $900,000 $475,000
2020 $7,412 $495,571 $139,416 $356,155
2019 $7,309 $485,855 $136,683 $349,172
2018 $7,211 $476,329 $134,003 $342,326
2016 $6,824 $457,834 $128,800 $329,034
2015 $6,775 $450,958 $126,866 $324,092
2014 $6,789 $442,125 $124,381 $317,744
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Arthur Cervantes

    Schultz Elite Financial

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21073911

California Regional Multiple Listing Service (CRMLS)

APN: 4001-002-020

California Los Angeles County Los Angeles 90056 Ladera Heights

5049 W 58th Place, Los Angeles, CA

This home is located at 5049 W 58th Place, Los Angeles, CA 90056 since 19 April 2021 and is currently estimated at $1,828,231, approximately $368 per square foot. This property was built in 1959. 5049 W 58th Place is a home located in Los Angeles County with nearby schools including Parent (Frank D.) Elementary School, Inglewood High School, and La Tijera K-8 Charter School Academy of Excellence.

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.

California Regional Multiple Listing Service (CRMLS) 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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