Seller's Agent in 2021
Reid Shigeno
Lemongrass Realty
(714) 319-6686
15 Total Sales
541 Solano Ave Los Angeles, CA 90012
5
Beds
5
Baths
14,813
Sq Ft
13,116
Sq Ft Lot
Highlights
- No HOA
- Hiking Trails
- Park
- Solano Avenue Elementary Rated A-
- Cooling System Mounted To A Wall/Window
- 2-minute walk to Buena Vista Hill Elysian Park
About This Home
As of September 2021This 18-unit apartment complex is nestled in a quite neighborhood close to Downtown LA, Dodger Stadium, Elysian Park, and Chinatown. One (1) studio apartment, ten (10) 1-bd/1-ba units, three (3) 2-bd/1-ba units, and four (4) 2-bd/2ba units. The complex also has two office/storage units. On-site parking and laundry room. The property is easily accessible from freeways, public transportation, parks, and even hiking trails!! Huge upside with this complex!!! Hidden Gem located in Solano Canyon!!!
Last Agent to Sell the Property
Lemongrass Realty License #01951258 Listed on: 07/14/2020
Co-Listed By
JAMES CHEN
13 East Realty Incorporated License #01496816
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1970
Lot Details
- 13,115 Sq Ft Lot
- Two or More Common Walls
Parking
- 18 Car Garage
- Carport
- Driveway
- On-Street Parking
- Parking Lot
- Assigned Parking
- Community Parking Structure
Home Design
- Property Attached
Interior Spaces
- 14,813 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Urban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 36
- Tax Tract Number 439
- Assessor Parcel Number 5414024041
Community Details
Overview
- No Home Owners Association
- 18 Units
- Foothills
- Mountainous Community
- Property is near a ravine
Amenities
- Laundry Facilities
Recreation
- Park
- Hiking Trails
- Bike Trail
Building Details
- 18 Leased Units
- Rent Control
- 18 Separate Electric Meters
- 19 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,620
- Fuel Expense $3,758
- Insurance Expense $5,510
- Maintenance Expense $932
- Professional Management Expense $17,500
- Trash Expense $7,909
- Water Sewer Expense $11,626
- New Taxes Expense $8,618
- Operating Expense $59,975
- Gross Income $194,845
- Net Operating Income $194,845
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/01/2021 09/01/21 | Sold | $3,552,500 | -20.2% | $240 / Sq Ft |
| 06/01/2021 06/01/21 | Pending | -- | -- | -- |
| 05/26/2021 05/26/21 | For Sale | $4,450,000 | 0.0% | $300 / Sq Ft |
| 03/17/2021 03/17/21 | Pending | -- | -- | -- |
| 07/14/2020 07/14/20 | For Sale | $4,450,000 | -- | $300 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $46,660 | $3,769,940 | $1,697,932 | $2,072,008 |
| 2024 | $46,660 | $3,696,021 | $1,664,640 | $2,031,381 |
| 2023 | $45,780 | $3,623,550 | $1,632,000 | $1,991,550 |
| 2022 | $43,704 | $3,552,500 | $1,600,000 | $1,952,500 |
| 2021 | $29,593 | $2,331,986 | $1,296,444 | $1,035,542 |
| 2020 | $29,871 | $2,308,075 | $1,283,151 | $1,024,924 |
| 2019 | $8,882 | $571,414 | $96,679 | $474,735 |
| 2018 | $8,618 | $560,211 | $94,784 | $465,427 |
| 2016 | $8,064 | $538,458 | $91,104 | $447,354 |
| 2015 | $7,969 | $530,371 | $89,736 | $440,635 |
| 2014 | $8,116 | $519,983 | $87,979 | $432,004 |
Source: Public Records
Agents Affiliated with this Home
-
Reid Shigeno
-
J
Seller Co-Listing Agent in 2021
JAMES CHEN
13 East Realty Incorporated
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20138623
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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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