NOT LISTED FOR SALE

541 N Cummings St Los Angeles, CA 90033

Boyle Heights Neighborhood

Estimated Value: $1,006,000 - $1,533,000

8 Beds
4 Baths
3,809 Sq Ft
$342/Sq Ft Est. Value

Last Sold September 25, 2017

Last sale price $849,000 $223 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $7,873/month

Highlights

  • No HOA
  • Felicitas and Gonzalo Mendez High Rated A-
  • Wall Furnace

About This Home

As of September 2017

This is an amazing opportunity to own units in the great neighborhood of Boyle Heights. Just 5 minutes drive to DTLA.

Last Agent to Sell the Property

Denis Quinonez

Century 21 Real Estate Alliance License #01969172 Listed on: 05/24/2017

Century 21 Real Estate Alliance

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,493

Year Built

  • Built in 1911

Lot Details

  • 5,622 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 3,809 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 65
  • Tax Tract Number 11
  • Assessor Parcel Number 5175030011

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $3,855
  • Insurance Expense $4,648
  • Maintenance Expense $4,890
  • Other Expense $271
  • Professional Management Expense $4,860
  • Trash Expense $150
  • New Taxes Expense $2,201
  • Operating Expense $20,725
  • Gross Income $38,000
  • Net Operating Income $38,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,493

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Other Phone Description: (323)252-0216
  • Professional Management Expense: 4860.00
  • Property Attached: Yes
  • Zoning: LAR2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5175030011
  • Year Built: 1911
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 222.89

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 150.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5622.00

Multi Family

  • Average1 Bed Area: 950 Square Feet
  • Average2 Bed Area: 950 Square Feet
  • Electric Expense: 3855.00
  • Gross Income: 38000.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 4648.00
  • Maintenance Expense: 4890.00
  • Net Operating Income: 38000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 1200.00
  • Other Expense: 271.00
  • Other Expense Description: LAHD
  • Rent Control: Yes
  • Total Actual Rent: 51132.00
  • Total Expenses: 20725.00

Tax Info

  • New Taxes Expense: 2201.00
  • Tax Census Tract: 2036.00
  • Tax Lot: 65
  • Tax Tract Number: 11/114

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2019
Sold by
Cam Mariastella Inc
Bought by
Vickis House Llc
Current Estimated Value
$1,302,928

Purchase Details

Listed on
May 24, 2017
Closed on
Aug 30, 2017
Sold by
Sekuler Eliot
Bought by
Camp Mariastella Inc
Seller's Agent
Denis Quinonez
Century 21 Real Estate Alliance
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$899,000
Sold Price
$849,000
Premium/Discount to List
-$50,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.45%
Original Mortgage
$551,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 2009
Sold by
Lee Latecia
Bought by
Sekuler Eliot

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
4.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2006
Sold by
Lee George W
Bought by
Lee Latecia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 1996
Sold by
Household Financial Services Inc
Bought by
Lee George W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
5.95%

Purchase Details

Closed on
Aug 29, 1996
Sold by
Esparza Eva Evangelina and Household Financial Services I
Bought by
Household Financial Services Inc

Purchase Details

Closed on
Jan 23, 1996
Sold by
K & G Partnership
Bought by
Christian & Tiffany Inc

Purchase Details

Closed on
May 13, 1994
Sold by
Foreclosure Consultants Inc
Bought by
K & G Partnership
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
Vickis House Llc $850,000 Commonwealth Land Title Co
Camp Mariastella Inc $849,000 Fatcola
Sekuler Eliot $310,000 Cctn
Lee Latecia -- Alliance Title Company
Lee George W $152,000 Title Land Company Inc
Household Financial Services Inc $117,952 American Title Ins Co
Christian & Tiffany Inc -- Benefit Land Title Company
K & G Partnership $72,038 Benefit Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Camp Mariastella Inc $551,000
Previous Owner Sekuler Eliot $232,500
Previous Owner Lee Latecia $385,000
Previous Owner Lee George W $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2017 09/25/17 Sold $849,000 -5.6% $223 / Sq Ft
07/06/2017 07/06/17 Pending -- -- --
05/24/2017 05/24/17 For Sale $899,000 -- $236 / 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
2025 $11,493 $929,592 $557,756 $371,836
2024 $11,493 $911,366 $546,820 $364,546
2023 $11,276 $893,498 $536,099 $357,399
2022 $10,761 $875,980 $525,588 $350,392
2021 $10,615 $858,805 $515,283 $343,522
2019 $10,686 $866,360 $510,000 $356,360
2018 $10,584 $849,380 $500,000 $349,380
2016 $4,398 $338,022 $136,298 $201,724
2015 $4,338 $332,945 $134,251 $198,694
2014 $4,377 $326,424 $131,622 $194,802
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Denis Quinonez

    Century 21 Real Estate Alliance

    (323) 252-0216

    1 in this area

    16 Total Sales

    Denis Quinonez
    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    5,954 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17118213

California Regional Multiple Listing Service (CRMLS)

APN: 5175-030-011

California Los Angeles County Los Angeles 90033 Boyle Heights

541 N Cummings St, Los Angeles, CA

This home is located at 541 N Cummings St, Los Angeles, CA 90033 since 24 May 2017 and is currently estimated at $1,302,928, approximately $342 per square foot. This property was built in 1911. 541 N Cummings St is a home located in Los Angeles County with nearby schools including Sheridan Street Elementary School, Hollenbeck 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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