NOT LISTED FOR SALE

511 N Avenue 50 Los Angeles, CA 90042

7 Beds
6 Baths
6,247 Sq Ft
10,716 Sq Ft Lot

Last Sold February 14, 2013

Last sale price $515,000 $82 Per Sq Ft

10 Days on Market

About This Home

As of February 2013

Title shows the property to be legally 8 units, however 2 detached units burned down years ago and were demolished. The Seller states that there is potential to rebuild those units (buyer to verify legal number of units, current square footage and rebuild potential). The property currently operates as a building of 5 one bedroom units, and a detached two bedroom, one bath house. Each unit is separately metered for gas and electricity, and also has its own hot water heater. There is alley access in the rear as well as open parking. The current owner obtained seller financing at 6% interest only. The noteholder may be willing to extend the term for a new buyer.

Last Agent to Sell the Property

Dana Coronado

Compass License #01746702 Listed on: 01/15/2013

Compass

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 10,716 Sq Ft Lot

Interior Spaces

  • 6,247 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Vented Exhaust Fan
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5469-011-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 6247
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Vented Exhaust Fan
  • Price Per S Q F T: 83.88

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 6

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Water Expense: 5300.00

Condo/Co-op/Association

  • Professional Management: 2140.00

Fee Information

  • Insurance Expense: 2000.00
  • Maintenance Expense: 2816.00
  • Other Expense: 1000.00
  • Trash Expense: 1320.00

Lot Info

  • Assessor Parcel Number: 5469-011-004
  • Geocode Override: No
  • Lot Size Area: 10716

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 9.30
  • Number Of Units: 6
  • Rent Control: 100
  • Total Annual Expense: 21666
  • Type Of Units: Mostly1 Br's
  • Vacancy Rate: 0%

Tax Info

  • Tax Expense: 6550.00

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

Property History

Date Event Price Change Sq Ft Price
02/14/2013 02/14/13 Sold $515,000 -1.7% $82 / Sq Ft
01/25/2013 01/25/13 Pending -- -- --
01/15/2013 01/15/13 For Sale $524,000 -- $84 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dana Coronado

    Seller's Agent in 2013

    Dana Coronado

    Compass

    (310) 562-9630

    5 in this area

    37 Total Sales

    Section Image

  • S

    Buyer's Agent in 2013

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 13-645463

The MLS

California Los Angeles County Los Angeles 90042

511 N Avenue 50, Los Angeles, CA

This home is located at 511 N Avenue 50, Los Angeles, CA 90042 since 15 January 2013. This property was built in 1922. 511 N Avenue 50 is a home located in Los Angeles County with nearby schools including Aldama Elementary, Benjamin Franklin High School, and Luther Burbank Middle School.

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