Michele Steggell
Allianz Capital Group, Inc.
(657) 385-7371
47 Total Sales
1 in South Park
$570,000 Price
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
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 30, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.9%
Purchase Details
Closed on
Aug 3, 2012
Sold by
Bought by
Purchase Details
Listed on
Dec 19, 2011
Closed on
Jan 24, 2012
Sold by
Bought by
Seller's Agent
George Bustamante
Coldwell Banker Commercial
Buyer's Agent
George Bustamante
Coldwell Banker Commercial
List Price
$699,000
Sold Price
$450,000
Premium/Discount to List
-$249,000
-35.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
3.83%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 14, 2011
Sold by
Bought by
Purchase Details
Closed on
Jun 8, 2002
Sold by
Bought by
Purchase Details
Closed on
Apr 25, 2002
Sold by
Bought by
Purchase Details
Closed on
Apr 24, 2002
Sold by
Bought by
Purchase Details
Closed on
Apr 23, 2002
Sold by
Bought by
Purchase Details
Closed on
Dec 27, 1996
Sold by
Bought by
Purchase Details
Closed on
Dec 31, 1990
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Park, CA
-
Michele Steggell
-
CHEVY ALA
CHEVY ALA
HOMEQUEST REAL ESTATE
(626) 602-8465
18 Total Sales
1 in South Park
$661,900 Price
-
Laura Dandoy
Laura Dandoy
The Real Estate Resource Group
(626) 784-4821
260 Total Sales
1 in South Park
$330,000 Price
-
Harry Eaves
Harry Eaves
Keller Williams Coastal Prop.
(669) 208-7941
31 Total Sales
1 in South Park
$610,000 Price
-
Erica Walden
Erica Walden
Responds QuicklyCompass
(424) 372-0972
38 Total Sales
1 in South Park
$540,000 Price
-
Melissa Barlow
Melissa Barlow
Responds QuicklyElite Representation Real Estate
(424) 704-9071
43 Total Sales
2 in South Park
$732K - $1.1M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Provident Title Company | ||
| $660,000 | Chicago Title | ||
| $480,000 | Chicago Title Company | ||
| -- | None Available | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| $80,000 | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $845,000 | ||
| Closed | $500,000 | ||
| Previous Owner | $395,000 | ||
| Previous Owner | $285,000 | ||
| Previous Owner | $338,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $13,852 | $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
Seller's Agent in 2012
George Bustamante
Coldwell Banker Commercial
(562) 326-5043
37 Total Sales
-
A
Seller Co-Listing Agent in 2012
Arthur Ritz
No Firm Affiliation
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: P806408
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.
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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