NOT LISTED FOR SALE

509 W Athens Blvd Los Angeles, CA 90044

Harbor Gateway Neighborhood

Estimated Value: $1,252,000 - $1,647,000

10 Beds
6 Baths
6,245 Sq Ft
$236/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $1,200,000 $192 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $9,211/month

111 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 0.32 Acre Lot
  • Bonus Room
  • City View
  • Hydromassage or Jetted Bathtub
  • Lawn

About This Home

As of August 2021

Back on the market. Buyer could not perform!! Submit all offers! Awesome investment for the ideal buyer. This well maintained 4 unit gated complex is located in an opportunity zone, (the Athens District) This multi-family property, which sits on over 14,000 sq.ft consists of two 2/bed 1 bath ; one 3/bed 1 bath and one 4/3 bath generously sized with lots of storage, with exterior entrance door to each unit. Each unit has separate gas and electric meters. This is a rare opportunity with endless possibilities, this is a must see!!

Last Agent to Sell the Property

Nolia Chisholm

Nationwide Real Estate Execs License #01760430 Listed on: 03/19/2021

Last Buyer's Agent

Kristie Bellows

eXp Realty of California Inc License #01936835

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,382

Year Built

  • Built in 1949

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 83x182
  • South Facing Home
  • Fenced Yard
  • Front and Back Yard Sprinklers
  • Lawn
  • Back and Front Yard
  • Property is zoned LAR1

Parking

  • 4 Car Garage
  • Driveway
  • Automatic Gate
  • Controlled Entrance

Home Design

  • Cosmetic Repairs Needed
  • Raised Foundation
  • Frame Construction
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 6,245 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Free Standing Fireplace
  • Living Room with Fireplace
  • Den
  • Bonus Room
  • City Views

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Ceramic Countertops
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 10 Bedrooms
  • All Bedrooms Down
  • Walk-In Closet
  • 6 Bathrooms
  • Low Flow Toliet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Low Flow Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry in unit
  • Electric Dryer Hookup

Home Security

  • Window Bars
  • Security Lights
  • Alarm System
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Outdoor Features

  • Outdoor Grill
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Sewer in Street
  • TV Antenna

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • Assessor Parcel Number 6117-005-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,382

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Awesome investment for the ideal buyer. This well maintained 4 unit gated complex is located in an opportunity zone, (the Athens District) This multi-family property, which sits on over 14,000 sq.ft consists of three (3) separate 2-bedrooms and one bath and a one (4) bedroom with two 2-bathrooms. Each unit has separate gas and electric meters. This is a rare opportunity with endless potentials, this is a must see!!
  • Alley: No
  • Entry Location: Main Level
  • Living Area: 6245
  • Lot Acreage: 0.3221
  • Lot Dimensions: 83x182
  • Probate: No
  • Property Condition: Repair Cosmetic
  • Year Built: 1949
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room, Free Standing, Gas and Wood
  • Flooring: Carpet, Mixed, Laminate
  • Bedrooms: 10
  • Bedroom Features: Main Floor Bedroom, Main Floor Master Bedroom, WalkInCloset, All Bedrooms Down
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Linen Closet, Low Flow Toilet(s), Low Flow Shower(s), Shower and Tub, Tub With Jets
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Ceramic Counters, Island, Laminate Counters, Open to Family Room
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 6.00
  • Den: 1
  • Equipment: Barbeque, Built-Ins, Antenna, Alarm System, Ceiling Fan, Dishwasher, Electric Dryer Hookup, Garbage Disposal, Microwave
  • Price Per S Q F T: 256.20

Exterior Features

  • Direction Faces: South
  • Construction: Frame, Stucco
  • Other Features: Barbecue Private
  • Other Structures: Other
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Paved: Yes
  • Pool: No
  • Roof: Asphalt
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 6
  • Garage Structures: 4
  • Parking Garage: Driveway, Controlled Entrance, Garage Is Detached, Garage Is Attached
  • Total Parking: 6

Utilities

  • TV Svcs: TV Antennae
  • Water Heater: Gas
  • Cooling: Air Conditioning, Ceiling Fan, Central
  • Heating: Central, Fireplace
  • Security: Carbon Monoxide Detector(s), Automatic Gate, Exterior Security Lights, Fire and Smoke Detection System, Window Bars
  • Sewer: In Street
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler System, Front, Rear
  • Additions Alterations: No
  • Assessed Improvement Percent: 82.07
  • Assessed Improvement Value: 418059
  • Assessed Land Percent: 17.93
  • Assessed Land Value: 91316
  • Total Assessed Value: 509375
  • Assessor Parcel Number: 6117-005-013
  • Lot Description: Automatic Gate, Back Yard, Front Yard, Fenced Yard, Exterior Security Lights, Gutters, Lawn
  • Lot Size Area: 14029

Rental Info

  • Land Lease Type: Fee
  • Rent Control: No
  • Tenant Pays: Electricity, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 64000.00
  • Number Of Units: 4
  • Total Annual Expense: 12900
  • Type Of Units: 2 bed/1 bath
  • Vacancy Rate: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2021
Closed on
Jul 7, 2021
Sold by
Rambo Shilise L and Revocable Living Trust
Bought by
Yeboah Don Williams
Seller's Agent
Nolia Chisholm
Nationwide Real Estate Execs
Buyer's Agent
Kristie Bellows
eXp Realty of California Inc
List Price
$1,600,000
Sold Price
$1,200,000
Premium/Discount to List
-$400,000
-25%
Current Estimated Value
$1,472,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,692
Avg. Annual Appreciation
2.91%
Original Mortgage
$956,800
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2021
Sold by
Demar Lonnie Lee
Bought by
Rambo Shilise L and Revocable Living Trust Of Lonn

Purchase Details

Closed on
Jun 16, 2019
Sold by
Demar Lonnie L
Bought by
Demar Lonnie L and Demar Lonnie L

Purchase Details

Closed on
Apr 21, 2001
Sold by
Demar Janice
Bought by
Demar Lonnie L

Purchase Details

Closed on
Jun 6, 1997
Sold by
Demar Lonnie L
Bought by
Demar Lonnie L and Demar Janice
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
Yeboah Don Williams $1,200,000 Lawyers Title Company
Demar Lonnie L -- None Available
Demar Lonnie L -- --
Demar Lonnie L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yeboah Don Williams $956,800
Previous Owner Demar Lonnie L $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2021 08/27/21 Sold $1,200,000 -25.0% $192 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
04/29/2021 04/29/21 Price Changed $1,600,000 0.0% $256 / Sq Ft
04/29/2021 04/29/21 For Sale $1,600,000 -8.6% $256 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $1,750,000 -- $280 / Sq Ft
Source: The MLS

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 $16,382 $1,273,449 $716,315 $557,134
2024 $16,382 $1,248,480 $702,270 $546,210
2023 $16,075 $1,224,000 $688,500 $535,500
2022 $15,444 $1,200,000 $675,000 $525,000
2021 $7,367 $514,652 $92,262 $422,390
2020 $7,422 $509,375 $91,316 $418,059
2019 $7,166 $499,388 $89,526 $409,862
2018 $6,913 $489,597 $87,771 $401,826
2016 $6,550 $470,587 $84,363 $386,224
2015 $6,455 $463,519 $83,096 $380,423
2014 $6,488 $454,441 $81,469 $372,972
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    Nolia Chisholm

    Nationwide Real Estate Execs

    Section Image

  • K

    Buyer's Agent in 2021

    Kristie Bellows

    eXp Realty of California Inc

See All Agents

Map

Source: The MLS

MLS Number: 21-707736

The MLS

APN: 6117-005-013

California Los Angeles County Los Angeles 90044 Harbor Gateway

509 W Athens Blvd, Los Angeles, CA

This home is located at 509 W Athens Blvd, Los Angeles, CA 90044 since 19 March 2021 and is currently estimated at $1,472,692, approximately $235 per square foot. This property was built in 1949. 509 W Athens Blvd is a home located in Los Angeles County with nearby schools including West Athens Elementary School, Animo Mae Jemison Charter Middle School, and Animo Watts College Preparatory Academy.

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