NOT LISTED FOR SALE

674 E 48th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $645,000 - $684,000

5 Beds
4 Baths
1,909 Sq Ft
$351/Sq Ft Est. Value

Last Sold December 29, 2015

Last sale price $375,000 $196 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $4,119/month

37 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • Open Floorplan
  • No HOA
  • 1-minute walk to 49th Street Park

About This Home

As of December 2015

BACK ON THE MARKET: MOTIVATED SELLER:PRICE REDUCTED!!! Property features Single Family Residence with a duplex on same lot.The Single Family residence has 3 bedrooms, 2 bath, inside laundry, access to spacious attic. Needs some TLC, has great potential. The duplexes feature 1 bedroom, 1 bath each. Some recent upgrades. **SOLD IN "AS IS" CONDITION** This is great opportunity to purchase Single Family home and collect rent at same time. The property is being sold in "AS IS" condition. Property is tenant occupied.DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Kenneth Bryant

New Canaan Realty License #01748212 Listed on: 09/30/2015

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,620

Year Built

  • Built in 1950

Lot Details

  • 6,600 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Level Lot
  • Back and Front Yard

Home Design

  • Traditional Architecture
  • Cosmetic Repairs Needed
  • Brick Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,909 Sq Ft Home
  • Open Floorplan
  • Drapes & Rods
  • Carpet
  • Window Bars
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Parking Available
  • Unassigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 35
  • Assessor Parcel Number 5108009007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,200
  • New Taxes Expense $4,589
  • Gross Income $2,560
  • Net Operating Income $2,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,620

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Attached: No
  • Security: Window Bars
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 5108009007
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 196.44
  • Room Type: All Bedrooms Down
  • Window Features: Drapes

Exterior Features

  • Foundation: Brick/Mortar
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: Back Yard, Front Yard, Level with Street
  • Lot Size Sq Ft: 6600.00
  • Price Per Lot Square Foot: 56.82
  • Lot Size Acres: 0.1520

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 2560.00
  • Gross Scheduled Income: 2560.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6600.0000 Square Feet
  • Maintenance Percent: 1.00
  • Net Operating Income: 2560.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 4589.00
  • Tax Lot: 35
  • Tax Rate: 1.30
  • Tax Year: 4589

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2015
Closed on
Dec 3, 2015
Sold by
Gutierrez Juana
Bought by
Gutierrez Juan F
Seller's Agent
Kenneth Bryant
New Canaan Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$435,000
Sold Price
$375,000
Premium/Discount to List
-$60,000
-13.79%
Current Estimated Value
$670,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,012
Avg. Annual Appreciation
6.56%
Original Mortgage
$355,616
Interest Rate
3.96%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 30, 2015
Closed on
Nov 16, 2015
Sold by
Gutierrez Juan F
Bought by
Adams Nikita S
Seller's Agent
Kenneth Bryant
New Canaan Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$435,000
Sold Price
$375,000
Premium/Discount to List
-$60,000
-13.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,616
Interest Rate
3.96%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 24, 2013
Sold by
Gutierrez Paulino
Bought by
Gutierrez Juan F

Purchase Details

Closed on
Jun 5, 2003
Sold by
Gutierrez Paulino and Gutierrez Rosa
Bought by
Gutierrez Paulino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Gutierrez Juan F -- Fidelity National Title
Adams Nikita S $375,000 Fidelity National Title Co
Gutierrez Juan F -- None Available
Gutierrez Paulino -- Ticor Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams Nikita S $393,750
Closed Adams Nikita S $355,616
Previous Owner Gutierrez Palino $136,017
Previous Owner Gutierrez Paulino $10,000
Previous Owner Gutierrez Paulino $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2015 12/29/15 Sold $375,000 -13.8% $196 / Sq Ft
07/29/2015 07/29/15 Pending -- -- --
06/22/2015 06/22/15 For Sale $435,000 -- $228 / 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 $5,620 $443,919 $325,542 $118,377
2024 $5,620 $435,215 $319,159 $116,056
2023 $5,517 $426,682 $312,901 $113,781
2022 $5,268 $418,316 $306,766 $111,550
2021 $5,116 $410,114 $300,751 $109,363
2020 $5,162 $405,910 $297,668 $108,242
2019 $4,966 $397,952 $291,832 $106,120
2018 $4,880 $390,150 $286,110 $104,040
2016 $4,734 $375,000 $275,000 $100,000
2015 $4,557 $360,052 $203,996 $156,056
2014 $4,590 $353,000 $200,000 $153,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Kenneth Bryant

    New Canaan Realty

    Section Image

  • N

    Buyer's Agent in 2015

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    5,832 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN15135845

California Regional Multiple Listing Service (CRMLS)

APN: 5108-009-007

California Los Angeles County Los Angeles 90011 South Park

674 E 48th St, Los Angeles, CA

This home is located at 674 E 48th St, Los Angeles, CA 90011 since 30 September 2015 and is currently estimated at $670,012, approximately $350 per square foot. This property was built in 1950. 674 E 48th St is a home located in Los Angeles County with nearby schools including Forty-Ninth Street Elementary School, George Washington Carver Middle School, and Thomas Jefferson Senior 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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