NOT LISTED FOR SALE

709 E 49th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $550,000 - $853,319

5 Beds
2 Baths
1,940 Sq Ft
$337/Sq Ft Est. Value

Last Sold July 05, 2024

Last sale price $520,000 $268 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,907/month

93 Days on Market

Highlights

  • Ceiling Fan
  • 1-Story Property
  • 1-minute walk to 49th Street Park

About This Home

As of July 2024

This 2-unit fully occupied investment property has beautiful architecture, charm, and curb appeal and is located on a safe street across from an elementary school. 5.25% cap rate on current rents at asking price, and a below market $290k per unit and $298 per RSF. Great combination of in-place cash flow, along with value-add / rental upside potential for a first-time investor. Great mix of a detached front 3 Bed/1 Bath house, and a 2 Bed/1 Bath unit in the back, and on-site parking for both units. Low operating expenses as both units pay for gas, electricity and trash, and each have their own in-unit water heaters. Located exactly 2 miles away from Exposition Park as tenants get to enjoy close proximity to BMO Stadium, LA Coliseum, the new $1B George Lucas Museum, California Science Center and Natural History Museum. Both units will be delivered occupied at closing -- no vacancies.

Last Agent to Sell the Property

Jonathan Rawson

Avenue Realty Group License #02010400 Listed on: 03/11/2024

Last Buyer's Agent

Amado Benitez

Calhomes Realty License #01449318

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1895

Lot Details

  • 6,599 Sq Ft Lot
  • Property is zoned LAR2

Interior Spaces

  • 1,940 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Assigned Parking

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for gas, electricity, trash collection
  • The owner pays for water
  • Assessor Parcel Number 5108-010-033

Home Details

Home Type

Single Family

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1940
  • Lot Acreage: 0.1515
  • Price Per Unit: 290000.00
  • Probate: No
  • Stories: 1
  • Year Built: 1895
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Common Walls: Detached/No Common Walls
  • Total Bathrooms: 2.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 298.97

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 2

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 33.68
  • Assessed Improvement Value: 150612
  • Assessed Land Percent: 66.32
  • Assessed Land Value: 296560
  • Total Assessed Value: 447172
  • Assessor Parcel Number: 5108-010-033
  • Lot Size Area: 6599

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Trash Collection

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.70
  • Number Of Units: 2
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2024
Closed on
Jun 28, 2024
Sold by
Ferndale Sfla1 Llc and Orenstein Trust
Bought by
Lizardo Pedro and Messina Jocelyn
Seller's Agent
Jonathan Rawson
Avenue Realty Group
Buyer's Agent
Amado Benitez
Calhomes Realty
List Price
$580,000
Sold Price
$520,000
Premium/Discount to List
-$60,000
-10.34%
Views
143
Current Estimated Value
$653,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,080
Avg. Annual Appreciation
16.65%

Purchase Details

Closed on
Feb 2, 2024
Sold by
Orenstein Randi
Bought by
Orenstein Trust and Orenstein

Purchase Details

Closed on
Feb 22, 2022
Sold by
Curtis Ellmore
Bought by
Ferndale Sfla1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2019
Sold by
Ferndale Sfla1 Llc
Bought by
Ferndale Sfla1 Llc

Purchase Details

Closed on
Jul 5, 2018
Sold by
Ellmore Curtis
Bought by
Ferndale Sfla1 Llc

Purchase Details

Closed on
Nov 6, 2015
Sold by
Ellmore Curtis and Orenstein Steven
Bought by
Ellmore Curtis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2015
Sold by
Orenstein Steven
Bought by
Orenstein Randi

Purchase Details

Listed on
Dec 21, 2012
Closed on
Apr 15, 2013
Sold by
Ellmore Curtis
Bought by
Ellmore Curtis and Orenstein Steven
Seller's Agent
Elmon Leggett
Realty Excel
Buyer's Agent
Charlie Pullman
PATRICIA JO ARCURI
List Price
$206,000
Sold Price
$236,000
Premium/Discount to List
$30,000
14.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.33%
Original Mortgage
$171,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 21, 2012
Closed on
Feb 26, 2013
Sold by
Deutsche Bank National Trust Company
Bought by
Ellmore Curtis
Seller's Agent
Elmon Leggett
Realty Excel
Buyer's Agent
Charlie Pullman
PATRICIA JO ARCURI
List Price
$206,000
Sold Price
$236,000
Premium/Discount to List
$30,000
14.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2011
Sold by
Valle J Inocente
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Feb 15, 2006
Sold by
Valle Inocente
Bought by
Valle J Inocente

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
7.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2000
Sold by
Valle Abraham
Bought by
Valle Inocente

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
9.75%

Purchase Details

Closed on
Sep 21, 1995
Sold by
Bablot Steven R and Bablot Susan V
Bought by
Valle Inocente and Valle Abraham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,346
Interest Rate
7.42%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 14, 1995
Sold by
Chatman Lucille and Barr Margaret
Bought by
Bablot Steven R and Bablot Susan V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lizardo Pedro $520,000 Chicago Title Company
Orenstein Randi -- Chicago Title Company
Orenstein Trust -- None Listed On Document
Ferndale Sfla1 Llc -- Progressive Title
Ellmore Curtis -- Progressive Title
Ellmore Curtis -- Progressive Title
Ferndale Sfla1 Llc -- None Available
Ferndale Sfla1 Llc -- None Available
Ellmore Curtis -- Usa National Title
Orenstein Randi -- Accommodation
Ellmore Curtis -- None Available
Ellmore Curtis $236,000 Servicelink
Deutsche Bank National Trust Company $180,200 None Available
Valle J Inocente -- Sutic
Valle J Inocente -- Security Union Title
Valle Inocente -- Lawyers Title Company
Valle Inocente $157,500 American Title Ins Co
Bablot Steven R $90,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ellmore Curtis $247,000
Previous Owner Ellmore Curtis $273,000
Previous Owner Ellmore Curtis $171,500
Previous Owner Valle J Inocente $340,000
Previous Owner Valle Inocente $184,000
Previous Owner Valle Inocente $154,346
Previous Owner Bablot Steven R $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/05/2024 07/05/24 Sold $520,000 -10.3% $268 / Sq Ft
06/12/2024 06/12/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $580,000 0.0% $299 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
03/11/2024 03/11/24 For Sale $580,000 +145.8% $299 / Sq Ft
04/10/2013 04/10/13 Sold $236,000 +14.6% $201 / Sq Ft View Prior Sale
01/11/2013 01/11/13 Pending -- -- --
12/21/2012 12/21/12 For Sale $206,000 -- $175 / Sq Ft
Source: The MLS

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 $5,820 $608,000 $448,000 $160,000
2024 $5,820 $456,115 $302,491 $153,624
2023 $5,712 $447,172 $296,560 $150,612
2022 $5,452 $438,405 $290,746 $147,659
2021 $5,378 $429,810 $285,046 $144,764
2020 $5,429 $425,404 $282,124 $143,280
2019 $4,869 $387,040 $207,713 $179,327
2018 $4,791 $379,452 $203,641 $175,811
2016 $4,566 $364,720 $195,735 $168,985
2015 $3,114 $242,831 $184,429 $58,402
2014 -- $238,075 $180,817 $57,258
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Rawson

    Seller's Agent in 2024

    Jonathan Rawson

    Avenue Realty Group

    (424) 293-1391

    2 in this area

    19 Total Sales

    Jonathan Rawson
    Section Image

  • A

    Buyer's Agent in 2024

    Amado Benitez

    Calhomes Realty

    (323) 229-4282

    1 in this area

    7 Total Sales

    Amado Benitez
    Section Image

  • E

    Seller's Agent in 2013

    Elmon Leggett

    Realty Excel

    (310) 242-3147

    4 Total Sales

    Elmon Leggett
    Section Image

  • C

    Buyer's Agent in 2013

    Charlie Pullman

    PATRICIA JO ARCURI

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Map

Source: The MLS

MLS Number: 24-367197

The MLS

APN: 5108-010-033

California Los Angeles County Los Angeles 90011 South Park

709 E 49th St, Los Angeles, CA

Not Listed for Sale

Detached

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