NOT LISTED FOR SALE

767 E 48th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $688,886 - $884,000

6 Beds
4 Baths
2,330 Sq Ft
$325/Sq Ft Est. Value

Last Sold March 23, 2012

Last sale price $261,000 $112 Per Sq Ft

Est. 190% increase in value since last sale

Current estimated payment $4,258/month

78 Days on Market

Highlights

  • Traditional Architecture
  • No Heating
  • 4-minute walk to 49th Street Park

About This Home

As of March 2012

Super Triplex with great cash flow! Hurry, this one won't last. Three separate houses on a lot. Front house faces McKinley Ave. With 2 bedrooms and 2 bathrooms. Large frong and side yard. Both back houses face E 48th Street and are identical 2 bedroom, 1 bathroom with gated front, side and backyards. All units are fully rented on month-to-month leases and generate $3000/month. Call for more information and to see this one today!

Last Agent to Sell the Property

Grace Olson

Coldwell Banker Envision License #01788043 Listed on: 12/07/2011

Coldwell Banker Envision

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,355

Parking

  • 4 Parking Spaces

Home Design

  • 2,330 Sq Ft Home
  • Traditional Architecture
  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • 6,355 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Block A
  • Assessor Parcel Number 5108008004

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,000
  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

6,355 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 13.85
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 5108008004
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: Yes
  • Price Per Square Foot: 112.02

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6355.00
  • Lot Size Acres: 0.1460

Multi Family

  • Gross Income: 3000.00
  • Gross Multiplier: 7.22
  • Gross Scheduled Income: 36000.00
  • Lot Size Area: 6355.0000 Square Feet
  • Net Operating Income: 36000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3

Tax Info

  • Tax Area: 7
  • Tax Block: A
  • Tax Lot: 0.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2012
Sold by
Zhu Dongmei
Bought by
Cheng Ke
Current Estimated Value
$756,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,750
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2011
Sold by
Negrete John
Bought by
Reme Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,750
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2007
Sold by
Negrete Ignacio
Bought by
Negrete John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,750
Interest Rate
6.27%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 31, 2006
Sold by
Negrete John
Bought by
Negrete John and Negrete Ignacio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 26, 2006
Sold by
Chung Soon Ae
Bought by
Negrete John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 25, 2006
Sold by
Negrete Maria
Bought by
Negrete Ignacio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 20, 2005
Sold by
Kang Hee Sook
Bought by
Chung Soon Ae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 2004
Sold by
Lele Angelique
Bought by
Kang Hee Sook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,100
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2003
Sold by
Palacios Cesar A and Palacios Blanca C
Bought by
Lele Angelique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,750
Interest Rate
2.35%

Purchase Details

Closed on
Oct 15, 1998
Sold by
Medina Agripina
Bought by
Palacios Cesar A and Palacios Blanca C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,771
Interest Rate
6.91%
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
Cheng Ke -- Ticor Title Company
Cheng Ke $261,000 Ticor Title Company
Reme Holdings Llc $187,149 None Available
Negrete John -- Lawyers Title
Negrete John -- None Available
Negrete John $530,000 --
Negrete Ignacio -- None Available
Chung Soon Ae $449,000 --
Kang Hee Sook $366,000 Fidelity Van Nuys
Lele Angelique $249,000 American Title Ins Co
Palacios Cesar A $185,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cheng Ke $195,750
Previous Owner Negrete John $438,750
Previous Owner Negrete John $424,000
Previous Owner Chung Soon Ae $404,000
Previous Owner Kang Hee Sook $311,100
Previous Owner Lele Angelique $186,750
Previous Owner Palacios Cesar A $183,771
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2012 03/23/12 Sold $261,000 +4.4% $112 / Sq Ft
02/23/2012 02/23/12 Pending -- -- --
12/07/2011 12/07/11 For Sale $249,900 -- $107 / 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 $4,329 $327,819 $122,963 $204,856
2024 $4,329 $321,392 $120,552 $200,840
2023 $4,253 $315,091 $118,189 $196,902
2022 $4,067 $308,914 $115,872 $193,042
2021 $4,009 $302,857 $113,600 $189,257
2020 $4,043 $299,753 $112,436 $187,317
2019 $3,896 $293,877 $110,232 $183,645
2018 $3,790 $288,116 $108,071 $180,045
2016 $3,606 $276,929 $103,875 $173,054
2015 $3,557 $272,770 $102,315 $170,455
2014 $3,588 $267,428 $100,311 $167,117
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2012

    Grace Olson

    Coldwell Banker Envision

    (562) 980-2946

    30 Total Sales

    Grace Olson
    Section Image

  • N

    Buyer's Agent in 2012

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    6,311 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P805355

California Regional Multiple Listing Service (CRMLS)

APN: 5108-008-004

California Los Angeles County Los Angeles 90011 South Park

767 E 48th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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