NOT LISTED FOR SALE

5122 Meridian St Los Angeles, CA 90042

Estimated Value: $1,272,000 - $1,694,000

4 Beds
4 Baths
2,259 Sq Ft
$679/Sq Ft Est. Value

Last Sold July 08, 2016

Last sale price $1,018,000 $451 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $9,233/month

10 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Home Office
  • Front Porch
  • Wood Flooring
  • Fenced Yard
  • 5-minute walk to York Park

About This Home

As of July 2016

Two Updated Homes on a Lot in a Prime Location within a block of activities on York. Front house was built in 1950 and includes fenced front and rear yards - front yard with raised planter beds, master suite, parking space, newer: roof, sewer, kitchen with quartz counters and stainless steel appliances, mid-century inspired baths, and mini-split heating and air. The oak floors have been refinished and character mid-century inspired lighting installed. This home has a large living room, dining room, a pantry, and an office nook. The rear homes was built in 1988 and has a large open living area on the first floor with a modern kitchen with a quartz composite counter, a 1/2 bath, and direct access to a private rear yard oasis. Upstairs are two bedrooms, a full bath and a bonus office/family/den room. Both homes will be delivered vacant at close of escrow. Each unit has a bonus detached storage unit onsite. Both homes have energy efficient dual pane windows

Last Agent to Sell the Property

Rob Hanson

Realty Source Incorporated License #01329997 Listed on: 05/30/2016

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,004

Year Built

  • Built in 1950 | Remodeled

Lot Details

  • 5,400 Sq Ft Lot
  • Lot Dimensions are 50x130
  • North Facing Home
  • Fenced Yard
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers
  • Property is zoned LAC4

Home Design

  • Midcentury Modern Architecture
  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,259 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Double Pane Windows
  • Family Room
  • Dining Room
  • Home Office

Kitchen

  • Gas Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in Kitchen
  • Washer

Home Security

  • Security System Owned
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Side by Side Parking
  • Tandem Parking
  • Driveway

Outdoor Features

  • Open Patio
  • Shed
  • Front Porch

Utilities

  • Cooling System Powered By Gas
  • Cooling System Mounted In Outer Wall Opening
  • Cooling System Mounted To A Wall/Window
  • Zoned Heating
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • The owner pays for water
  • Assessor Parcel Number 5478-001-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,004

Year Built

Built in 1950 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: One, Two
  • Street Number Display: Yes
  • Alley: No
  • Entry Location: Ground Level - no steps
  • Living Area: 2259
  • Lot Dimensions: 50x130
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Laundry - Closet Stacked, Recessed Lighting, Turnkey
  • Number Carpet: 0
  • Number Dishwasher: 2
  • Number Disposal: 2
  • Flooring: Hardwood, Laminate, Mixed
  • Appliances: Free Standing Gas, Gas, Oven-Gas, Range, Range Hood
  • Bedrooms: 4
  • Bedroom Features: All Bedrooms Up, Ground Floor Master, Main Floor Master Bedroom, Master Bedroom
  • Common Walls: Detached/No Common Walls
  • Laundry: In Closet, In Kitchen
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer
  • Price Per S Q F T: 415.67
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Other Features: Slab, Sprinkler System, Two On A Lot
  • Other Structures: Shed(s)
  • Tennis Court Y/N: No
  • Foundation Details: Concrete Perimeter, Slab
  • Construction: Frame and Stucco
  • Number Patio: 2
  • Patio: Concrete Slab, Patio Open, Porch - Front, Slab
  • Paved: Yes
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 4
  • Garage Structures: 0
  • Parking Garage: Driveway, Driveway - Concrete, Parking Space, Side By Side, Tandem
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Cooling: Gas, Wall Unit(s), Wall/Window
  • Heating: Combination, Wall, Zoned
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Security: Carbon Monoxide Detector(s), Owned, Prewired for alarm system, Smoke Detector
  • Sewer: In Connected and Paid, In Street
  • Water: District, Meter on Property

Lot Info

  • Sprinklers: Front, Sprinkler Timer
  • Assessed Improvement Value: 102419
  • Assessed Land Value: 238282
  • Assessor Parcel Number: 5478-001-009
  • Geocode Override: No
  • Lot Description: Back Yard, Fenced Yard, Front Yard, Landscaped, Lot Shape-Rectangular, Lot-Level/Flat, Yard
  • Lot Location: Flats
  • Lot Size Area: 5400

Rental Info

  • Number Leased: 0
  • Land Lease Type: Fee
  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.49
  • Number Of Units: 2
  • Number Wall A C: 1
  • Rent Control: 50
  • Type Of Units: Detached

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2016
Closed on
Jul 22, 2016
Sold by
Lipson Susan L and Lipson Barry K
Bought by
Lipson Barry K and Lipson Susan L
Seller's Agent
Rob Hanson
Realty Source Incorporated
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$939,000
Sold Price
$1,018,000
Premium/Discount to List
$79,000
8.41%
Current Estimated Value
$1,533,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$515,388
Avg. Annual Appreciation
4.50%
Original Mortgage
$590,000
Outstanding Balance
$470,643
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$1,062,745

Purchase Details

Listed on
May 30, 2016
Closed on
Jun 17, 2016
Sold by
Keaney Melissa and Keaney Joshua
Bought by
Lipson Susan L and Lipson Barry K
Seller's Agent
Rob Hanson
Realty Source Incorporated
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$939,000
Sold Price
$1,018,000
Premium/Discount to List
$79,000
8.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Outstanding Balance
$470,643
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$1,062,745

Purchase Details

Closed on
Oct 11, 2011
Sold by
Aurora Loan Services Llc
Bought by
Keaney Melissa and Keaney Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,669
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 18, 2011
Sold by
Cruz Roberto
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Aug 20, 2003
Sold by
Aragon Ralph T
Bought by
Cruz Roberto and Cruz Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,200
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 1999
Sold by
Joe Darrel K
Bought by
Joe Gloria Hong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,520
Interest Rate
7.68%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 29, 1999
Sold by
And Hong Hong Trust Hong Pak K And Hong Y Trs and Tong Po Tong Hong
Bought by
Aragon Ralph T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,520
Interest Rate
7.68%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 19, 1995
Sold by
Yang Hong Pak Kei and Yang Hong Hong Yin
Bought by
Yang Hong Pak Kei and Yang Hong Hong Yin

Purchase Details

Closed on
May 31, 1995
Sold by
Tong Po Tong Hong
Bought by
Tong Tat Po and Tong Po Tong Hong
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
Lipson Barry K -- Accommodation
Lipson Susan L $1,000,500 California Title Company
Keaney Melissa $326,000 Lsi Title Company
Aurora Loan Services Llc $626,760 Accommodation
Cruz Roberto $304,000 Commerce Title
Joe Gloria Hong -- Old Republic Title Company
Aragon Ralph T $181,000 Old Republic Title Company
Yang Hong Pak Kei -- --
Tong Tat Po -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lipson Susan L $590,000
Previous Owner Keaney Melissa $427,669
Previous Owner Cruz Roberto $243,200
Previous Owner Aragon Ralph T $179,520
Closed Cruz Roberto $60,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2016 07/08/16 Sold $1,018,000 +8.4% $451 / Sq Ft
06/09/2016 06/09/16 Pending -- -- --
05/30/2016 05/30/16 For Sale $939,000 -- $416 / 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 $14,004 $1,161,161 $870,437 $290,724
2024 $14,004 $1,138,394 $853,370 $285,024
2023 $13,733 $1,116,074 $836,638 $279,436
2022 $13,094 $1,094,191 $820,234 $273,957
2021 $12,931 $1,072,737 $804,151 $268,586
2020 $13,063 $1,061,738 $795,906 $265,832
2019 $12,544 $1,040,920 $780,300 $260,620
2018 $12,417 $1,020,510 $765,000 $255,510
2016 $4,215 $345,895 $241,915 $103,980
2015 $4,153 $340,701 $238,282 $102,419
2014 $4,177 $334,028 $233,615 $100,413
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Rob Hanson

    Realty Source Incorporated

    Section Image

  • S

    Buyer's Agent in 2016

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 16-129832

The MLS

APN: 5478-001-009

California Los Angeles County Los Angeles 90042

5122 Meridian St, Los Angeles, CA

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