$1,085,000
SOLD APR 30, 2024

611 Milo Terrace Los Angeles, CA 90042

4 Beds
3 Baths
2,209 Sq Ft
5,486 Sq Ft Lot

Recently Sold

$491 Per Sq Ft

28% Above List Price

18 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Living Room
  • Private Yard
  • Built-In Features
  • Laundry Room

About This Home

As of February 2025

Two separate fixer homes on one lot! To be delivered vacant with lots of income potential in the sought after Highland Park neighborhood. No shared walls. One home is a 1 bed + 1 bath and the other is a 3 bed + 2 bath. Upstairs 3 bed + 2 bath boasts built-in cabinets and a bay window. Spacious kitchen features a built in dining area with bench. Two car garage provides convenience. Ground level 1 bed + 1 bath home with extra dining space. With both units vacant, potential to bring in market value rent right away. Conveniently located nearby the trendy York and Figueroa, Dodger Stadium, Rose Bowl, Union Station, dining, shopping and much more! Probate Sale. Court confirmation not required.

Last Agent to Sell the Property

Oren Kozikaro

Trust Properties USA,Inc Brokerage Email: oren@trustpropertiesusa.com License #02163000 Listed on: 03/15/2024

Co-Listed By

Roberta Marr

Compass Brokerage Email: oren@trustpropertiesusa.com License #02164409

Last Buyer's Agent

Brock Harris

Keller Williams Realty Los Feliz License #01328996

Keller Williams Realty Los Feliz

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,999

Year Built

  • Built in 1941

Lot Details

  • 5,486 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Fixer Upper

Interior Spaces

  • 2,209 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Living Room
  • Wood Flooring
  • Range Hood
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • No Heating
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 73
  • Tax Tract Number 5895
  • Assessor Parcel Number 5477027047

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,999

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 425000
  • Property Attached: No
  • View: No
  • Zoning: LAR1
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5477027047
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features
  • Stories: 2
  • Entry Location: 611: ground w/ steps 615: upstairs
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 491.17
  • Room Type: Kitchen, Living Room, Primary Bedroom

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Appliances: Range Hood
  • Laundry Features: Inside
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5486.00
  • Lot Size Acres: 0.1259

Multi Family

  • Lot Size Area: 5486.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 1835.10
  • Tax Lot: 73
  • Tax Tract Number: 5895

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2025
Closed on
Feb 18, 2025
Sold by
Bungalowe Llc and Los Angeles Equity Holdings Llc
Bought by
Marray Salanova Family Trust and Salanova
Seller's Agent
Ashmat Delawari
Compass California, Inc.
Buyer's Agent
Jennifer Gainey
Compass
List Price
$1,499,000
Sold Price
$1,851,000
Premium/Discount to List
$352,000
23.48%
Views
1171
Current Estimated Value
$1,587,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$263,987
Avg. Annual Appreciation
-31.93%
Original Mortgage
$851,000
Outstanding Balance
$850,293
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$736,720

Purchase Details

Listed on
Mar 15, 2024
Closed on
Apr 23, 2024
Sold by
Emmons William Harvey and Mendoza Dom V
Bought by
Bungalowe Llc and Los Angeles Equity Holdings Llc
Seller's Agent
Oren Kozikaro
Trust Properties USA,Inc
Buyer's Agent
Brock Harris
Keller Williams Realty Los Feliz
List Price
$850,000
Sold Price
$1,085,000
Premium/Discount to List
$235,000
27.65%
Views
119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
91.82%
Original Mortgage
$868,000
Interest Rate
6.74%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 2, 2023
Sold by
Lorenzana Josefina M
Bought by
Mendoza Dom V
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,851,000 Innovative Title Company
Grant Deed $1,085,000 Usa National Title
Quit Claim Deed -- Usa National Title Company
Quit Claim Deed -- Usa National Title Company
Quit Claim Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $851,000 New Conventional
Previous Owner $868,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Sold $1,851,000 +23.5% $785 / Sq Ft
01/31/2025 01/31/25 Pending -- -- --
01/19/2025 01/19/25 For Sale $1,499,000 +38.2% $635 / Sq Ft
04/30/2024 04/30/24 Sold $1,085,000 +27.6% $491 / Sq Ft
04/02/2024 04/02/24 Pending -- -- --
03/15/2024 03/15/24 For Sale $850,000 -- $385 / 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
2024 $6,999 $556,909 $346,843 $210,066
2023 $2,986 $229,488 $95,445 $134,043
2022 $2,851 $224,989 $93,574 $131,415
2021 $2,804 $220,579 $91,740 $128,839
2020 $2,826 $218,318 $90,800 $127,518
2019 $2,721 $214,038 $89,020 $125,018
2018 $2,650 $209,842 $87,275 $122,567
2016 $2,507 $201,695 $83,887 $117,808
2015 $2,472 $198,666 $82,627 $116,039
2014 $2,491 $194,775 $81,009 $113,766
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24052990

California Regional Multiple Listing Service (CRMLS)

APN: 5477-027-047