Seller's Agent in 2012
George Bustamante
Coldwell Banker Commercial
(562) 326-5043
41 Total Sales
708 E 50th St Los Angeles, CA 90011
South Park Neighborhood
3
Beds
3
Baths
7,448
Sq Ft
7,500
Sq Ft Lot
Highlights
- Contemporary Architecture
- No Heating
- 4-minute walk to 49th Street Park
- Wood Siding
About This Home
As of February 2012We are pleased to present an opportunity to acquire an 8 unit apartment building just off the corner of Avalon Blvd and Slauson Blvd. The property is located in a dense market with rental upside. The subject property provides and excelling unit mix with 4-1brx1ba units and 4-2brx2ba units. Serveral of the units have their own balcony. The subject site has close proximity to the LA Memorial Coliseum, the University of Southern California, the LA Natural History Museum, the California Science Center, the South Park Recreation Center, 49th Elementray school, dining locations, and grocery stores. The property has the potential for significant upside in rents through an upgrade, better management and the repositioning of the property. Please do not walk on property and please do not disturb the tenants. Make all offers subject to inspection. NOD filed but this is not a short sale. Can be sold with 10 unit property located at 1345 Martin Luther King Blvd.
Last Agent to Sell the Property
Coldwell Banker Commercial License #01484265 Listed on: 12/19/2011
Co-Listed By
Arthur Ritz
No Firm Affiliation License #00976003
Last Buyer's Agent
Coldwell Banker Commercial License #01484265 Listed on: 12/19/2011
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 7,500 Sq Ft Lot
Parking
- 7 Parking Spaces
Home Design
- 7,448 Sq Ft Home
- Contemporary Architecture
- Wood Siding
- Stucco
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Utilities
- No Heating
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity
- Tax Block D
- Assessor Parcel Number 5108013012
Community Details
Overview
- 8 Units
Building Details
- 9 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Net Operating Income $48,805
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/27/2012 02/27/12 | Sold | $450,000 | -35.6% | $60 / Sq Ft |
| 01/11/2012 01/11/12 | Pending | -- | -- | -- |
| 12/19/2011 12/19/11 | For Sale | $699,000 | -- | $94 / 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 | $13,597 | $1,047,783 | $500,531 | $547,252 |
| 2024 | $13,597 | $1,027,239 | $490,717 | $536,522 |
| 2023 | $13,353 | $1,007,098 | $481,096 | $526,002 |
| 2022 | $12,769 | $987,352 | $471,663 | $515,689 |
| 2021 | $12,581 | $967,993 | $462,415 | $505,578 |
| 2020 | $12,694 | $958,068 | $457,674 | $500,394 |
| 2019 | $12,226 | $939,283 | $448,700 | $490,583 |
| 2018 | $9,629 | $714,289 | $389,612 | $324,677 |
| 2016 | $9,107 | $686,554 | $374,484 | $312,070 |
| 2015 | $8,986 | $676,242 | $368,859 | $307,383 |
| 2014 | $9,064 | $662,996 | $361,634 | $301,362 |
Source: Public Records
Agents Affiliated with this Home
-
George Bustamante
-
A
Seller Co-Listing Agent in 2012
Arthur Ritz
No Firm Affiliation
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: P806408
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