NOT LISTED FOR SALE

506 N Evergreen Ave Los Angeles, CA 90033

Estimated Value: $6,555,000

18 Beds
7 Baths
16,472 Sq Ft
$398/Sq Ft Est. Value

Last Sold November 06, 2014

Last sale price $2,500,000 $152 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $46,528/month

158 Days on Market

Highlights

  • 1.01 Acre Lot
  • Corner Lot
  • No HOA
  • Felicitas and Gonzalo Mendez High Rated A-

About This Home

As of November 2014

Boyle Heights, Location, Location, Location, Unique One Of A Kind Hotel, Potential Great Income if Fully Rented, Only 9 Rooms Currently Rented, 3 Parcels Of Land Plus 16,472 Sq. Ft Spanish Style Building, Huge Flat Grassy Park Like Yard, Lots Of Flat Usable Land For Additions, High Ceilings, Custom French Wood Windows And Doors, 40 Single Room Occupancy Hotel, Access To 8 Spacious Community Baths, Plus Some Rooms Have Private Baths, Split Two Story Level ,Garden Type Building With Spacious Basement Features Several Additional Rooms, 80% Vacant, Huge Community Kitchen, Office, Open Court Yard Situated In The Middle Of The Building, Huge Lobby, Laundry Room, Plus 2 Separate Legal Attached Lots At Rear Of Building, Parcels Included In Sale: # 5178-017-001, 5178-017-002, 5178-017-003, Combined Lot Size 44,165 Sq. Ft, (Over One Acre Of Land) Alley Access Provides Plenty Of Parking ( 14,700 Sq. Ft. Parking Area) This Huge Property Consists Of Half Of The Block, Lots Of Potential, Surrounded By Single Family Homes, Minutes From Downtown LA, Has Not Been On The Market For 34 Years.

Last Agent to Sell the Property

Anthony De La Vara Jr.

Keller Williams OC Coastal License #01043900 Listed on: 09/22/2014

Last Buyer's Agent

Ken Shapiro

Silverwood Properties License #01715663

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $122,668

Year Built

  • Built in 1914

Lot Details

  • 1.01 Acre Lot
  • Property fronts an alley
  • No Common Walls
  • Corner Lot

Parking

  • 30 Parking Spaces

Home Design

  • 16,472 Sq Ft Home

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 5178017001

Community Details

Overview

  • No Home Owners Association
  • 40 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,336
  • Insurance Expense $1,727
  • Trash Expense $958
  • Water Sewer Expense $3,095
  • Gross Income $272,413
  • Net Operating Income $20,592

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$122,668

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 3095.00
  • Property Type: Residential Income
  • Parcel Number: 5178017001
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 151.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 30.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 958.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 44165.00
  • Lot Size Acres: 1.0140

Multi Family

  • Electric Expense: 3336.00
  • Gross Income: 272413.00
  • Gross Scheduled Income: 32688.00
  • Insurance Expense: 1727.00
  • Lot Size Area: 44165.0000 Square Feet
  • Net Operating Income: 20592.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 40
  • Operating Expense: 12096.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 7
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2022
Sold by
506 Evergreen Llc
Bought by
Larnb 506 N Evergreen Ave Llc
Current Estimated Value
$6,555,000

Purchase Details

Closed on
Mar 20, 2018
Sold by
Atb2 Group Llc
Bought by
506 Evergreen Llc

Purchase Details

Listed on
Sep 22, 2014
Closed on
Oct 17, 2014
Sold by
Dela Vara Anthony
Bought by
Atb2 Group Llc
Seller's Agent
Anthony De La Vara Jr.
Keller Williams OC Coastal
Buyer's Agent
Ken Shapiro
Silverwood Properties
List Price
$3,000,000
Sold Price
$2,500,000
Premium/Discount to List
-$500,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage
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
Larnb 506 N Evergreen Ave Llc $11,600,000 Lawyers Title
506 Evergreen Llc $4,300,000 Old Republic Title Company
Atb2 Group Llc -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 506 Evergreen Llc $4,900,000
Previous Owner Atb2 Group Llc $532,500
Previous Owner Atb2 Group Llc $1,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2014 11/06/14 Sold $2,500,000 -16.7% $152 / Sq Ft
10/20/2014 10/20/14 Pending -- -- --
05/15/2014 05/15/14 For Sale $3,000,000 -- $182 / 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
2024 $122,668 $10,031,700 $3,605,700 $6,426,000
2023 $120,279 $9,835,000 $3,535,000 $6,300,000
2022 $41,461 $3,360,279 $2,502,519 $857,760
2021 $40,887 $3,294,392 $2,453,450 $840,942
2019 $46,891 $3,809,700 $1,511,640 $2,298,060
2018 $25,936 $2,006,904 $1,478,772 $528,132
2016 $24,521 $1,928,975 $1,421,350 $507,625
2015 $24,179 $1,900,000 $1,400,000 $500,000
2014 -- $186,621 $153,773 $32,848
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Anthony De La Vara Jr.

    Keller Williams OC Coastal

    (626) 333-8768

    146 Total Sales

    Anthony De La Vara Jr.
    Section Image
  • Ken Shapiro

    Buyer's Agent in 2014

    Ken Shapiro

    Silverwood Properties

    (805) 415-8602

    2 in this area

    52 Total Sales

    Ken Shapiro
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR14100678

California Regional Multiple Listing Service (CRMLS)

APN: 5178-017-001

California Los Angeles County Los Angeles 90033

506 N Evergreen Ave, Los Angeles, CA

This home is located at 506 N Evergreen Ave, Los Angeles, CA 90033 since 22 September 2014 and is currently priced at $6,555,000, approximately $397 per square foot. This property was built in 1914. 506 N Evergreen Ave is a home located in Los Angeles County with nearby schools including Malabar Street Elementary School, Belvedere Middle School, and Theodore Roosevelt High School.

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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