NOT LISTED FOR SALE

7500 S Western Ave Los Angeles, CA 90047

Manchester Square Neighborhood

Estimated Value: $650,543

1 Bed
3 Baths
3,356 Sq Ft
$194/Sq Ft Est. Value

Last Sold November 03, 2015

Last sale price $299,500 $89 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $4,049/month

29 Days on Market

About This Home

As of November 2015

This is a mixed use Commercial/Office/Residential property with 2 structures which is on the market for the first time in 44 years. This property features 2 entrances, one from the front driveway and the other in the back alleyway. The front building is the largest of the structures and is being used as a Medical Office Building with central air condition. The second structure which has been vacant for over 30 years was built over the property's garages and is in needs of extensive repairs. Sold AS-IS. This property is a great opportunity for investors or an owner/user. The buildings are of a unique concrete construction. Both of the buildings will be vacant at the close of escrow.

Last Agent to Sell the Property

Mario Silva

Las Casas Realty, Inc. License #00782751 Listed on: 09/03/2015

Last Buyer's Agent

Jose Fregoso

Estate Properties License #01103206

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,001

Year Built

  • Built in 1939

Lot Details

  • 5,507

Parking

  • 6 Parking Spaces

Home Design

  • 3,356 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 3 Bathrooms

Additional Features

  • 5,507 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 6018-016-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,001

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3356
  • Year Built: 1939
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 89.09

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 65582
  • Assessed Land Value: 16375
  • Assessor Parcel Number: 6018-016-009
  • Geocode Override: No
  • Lot Size Area: 5507

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 5.50
  • Number Of Units: 2
  • Total Annual Expense: 2100
  • Type Of Units: Res &Com
  • Vacancy Rate: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2020
Sold by
Umana Jose I
Bought by
Cooper Maurice
Current Estimated Value
$650,543

Purchase Details

Listed on
Sep 3, 2015
Closed on
Oct 13, 2015
Sold by
Ezell Jimmy L
Bought by
Umana Jose I
Seller's Agent
Mario Silva
Las Casas Realty, Inc.
Buyer's Agent
Jose Fregoso
Estate Properties
List Price
$299,000
Sold Price
$299,500
Premium/Discount to List
$500
0.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.93%
Original Mortgage
$168,000
Interest Rate
3.87%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 2014
Sold by
Ezell Jimmy
Bought by
Ezell Jimmy L and Jimmy L Ezell Md Trust
Source: Public Records

Range of Values:

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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
Cooper Maurice $500,000 Provident Title Company
Umana Jose I $299,500 Pacific Coast Title Company
Ezell Jimmy L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Umana Jose I $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2015 11/03/15 Sold $299,500 +0.2% $89 / Sq Ft
10/02/2015 10/02/15 Pending -- -- --
09/03/2015 09/03/15 For Sale $299,000 -- $89 / 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 $7,001 $546,819 $382,774 $164,045
2024 $7,001 $536,098 $375,269 $160,829
2023 $6,877 $525,587 $367,911 $157,676
2022 $6,575 $515,283 $360,698 $154,585
2021 $6,478 $505,180 $353,626 $151,554
2020 $4,434 $324,729 $184,013 $140,716
2019 $4,276 $318,362 $180,405 $137,957
2018 $4,180 $312,120 $176,868 $135,252
2016 $4,272 $300,000 $170,000 $130,000
2015 $1,393 $83,594 $16,702 $66,892
2014 $1,411 $81,957 $16,375 $65,582
Source: Public Records

Agents Affiliated with this Home

  • Mario Silva

    Seller's Agent in 2015

    Mario Silva

    Las Casas Realty, Inc.

    (213) 445-0583

    1 Total Sale

    Mario Silva
    Section Image

  • J

    Buyer's Agent in 2015

    Jose Fregoso

    RE/MAX

    Section Image
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Map

Source: The MLS

MLS Number: 15-939521

The MLS

APN: 6018-016-009

California Los Angeles County Los Angeles 90047 Manchester Square

7500 S Western Ave, Los Angeles, CA

This home is located at 7500 S Western Ave, Los Angeles, CA 90047 since 03 September 2015 and is currently estimated at $650,543, approximately $193 per square foot. This property was built in 1939. 7500 S Western Ave is a home located in Los Angeles County with nearby schools including Horace Mann Ucla Community, Raymond Avenue Elementary School, and Augustus F. Hawkins High A Critical Design And Gaming.

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