NOT LISTED FOR SALE

512 N Poinsettia Place Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $2,296,000 - $4,640,000

4 Beds
2 Baths
2,607 Sq Ft
$1,386/Sq Ft Est. Value

Last Sold September 17, 2018

Last sale price $1,700,000 $652 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $21,975/month

13 Days on Market

About This Home

As of September 2018

Great opportunity to own duplex/develop on highly coveted 500 block of Poinsettia Pl. - Wonderful area close to all La Brea/Melrose/Fairfax has to offer - Lot size is 7717 according to tax rolls - Duplex has long time tenants (8 years/9 years) - Units are 2 bedrooms/1 bath each -3 car garage - some upgrades including newer kitchen in 514 and copper plumbing - current rents were last raised 7/17 - Property to be sold in it'sAS IS condition with no credits to buyer, repairs or inspection contingencies - Please note: this lot is Zoned LAR-1 - Subject to current owner finding a replacement property to comply with 1031 exchange - Do Not Disturb Current Tenants or Walk on Property

Last Agent to Sell the Property

Stacey Babbitt

Coldwell Banker Realty License #01035847 Listed on: 05/02/2018

Coldwell Banker Realty

Last Buyer's Agent

Or Brodsky

Compass License #01960565

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $52,642

Year Built

  • Built in 1927

Lot Details

  • 7,717

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,607 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • 7,717 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5525-024-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$52,642

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2607
  • Stories: 1
  • Year Built: 1927
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 573.46

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage - 3 Car
  • Total Parking: 3

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 185730
  • Assessed Land Value: 275159
  • Assessor Parcel Number: 5525-024-017
  • Geocode Override: No
  • Lot Size Area: 7717

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Rent Control: 100%
  • Type Of Units: Duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2018
Sold by
Colner Adam
Bought by
512 Polnsettia Llc
Current Estimated Value
$3,360,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,360,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 2014
Sold by
Colner Adam
Bought by
Colner Living Trust

Purchase Details

Closed on
Feb 4, 1998
Sold by
Stohl Suzanne S
Bought by
Colner Adam and Colner Margie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
6.97%
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
512 Polnsettia Llc $1,700,000 Equity Title Los Angeles
Colner Living Trust -- None Available
Colner Adam $335,000 Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 512 Polnsettia Llc $1,360,000
Previous Owner Colner Adam $268,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2018 09/17/18 Sold $1,700,000 +13.7% $652 / Sq Ft
05/15/2018 05/15/18 Pending -- -- --
05/02/2018 05/02/18 For Sale $1,495,000 -- $573 / 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 $52,642 $4,437,969 $3,371,775 $1,066,194
2024 $52,642 $4,350,951 $3,305,662 $1,045,289
2023 $51,609 $4,265,640 $3,240,846 $1,024,794
2022 $49,187 $4,182,000 $3,177,300 $1,004,700
2021 $21,012 $1,751,963 $1,339,737 $412,226
2020 $21,229 $1,734,000 $1,326,000 $408,000
2019 $20,382 $1,700,000 $1,300,000 $400,000
2018 $5,932 $470,106 $280,662 $189,444
2016 $5,655 $451,853 $269,764 $182,089
2015 $5,575 $445,066 $265,712 $179,354
2014 $5,607 $436,349 $260,508 $175,841
Source: Public Records

Agents Affiliated with this Home

  • Stacey Babbitt

    Seller's Agent in 2018

    Stacey Babbitt

    Coldwell Banker Realty

    (310) 804-6027

    18 Total Sales

    Stacey Babbitt
    Section Image
  • Or Brodsky

    Buyer's Agent in 2018

    Or Brodsky

    Compass

    (805) 910-5269

    14 in this area

    94 Total Sales

    Or Brodsky
    Section Image

  • M

    Buyer's Agent in 2018

    MAY LEV

    Compass

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 18-339214

The MLS

APN: 5525-024-017

California Los Angeles County Los Angeles 90036 Melrose

512 N Poinsettia Place, Los Angeles, CA

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