Seller's Agent in 2017
Richard Haynes
Haynes Real Estate
(310) 379-1724
76 Total Sales
810 W 48th St Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated Value: $775,000 - $1,084,775
6
Beds
4
Baths
2,535
Sq Ft
$380/Sq Ft
Est. Value
Highlights
- Property is near a park
- Laundry Room
- 1-minute walk to Julian C. Dixon Park
- No HOA
- Wrought Iron Fence
About This Home
As of March 2017A well maintained and easy to manage income property that can be the cash cow of your portfolio. This fantastic 4-unit has a current CAP rate of 6.2% with full management in place, and a proforma CAP rate of 7.4%. It is rare to find a property ready to buy and begin earning those type of returns in Los Angeles. Less than two miles south of USC, the Coliseum, and Expo Light Rail there is wonderful long term upside as minimum wage in the city of L.A. is set to increase to $15/hr by 2020 (current city rate ranges from $10 to $10.50/hr). Additionally, there is R4 zoning which could allow a new apartment complex to be built consisting of 14-units per the generalized summary of zoning regulations produced by the city of Los Angeles. This one will not last long! Buyer to verify all information presented.
Last Agent to Sell the Property
Haynes Real Estate License #01779425 Listed on: 01/31/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,687
Year Built
- Built in 1907
Lot Details
- 5,851 Sq Ft Lot
- Two or More Common Walls
- Wrought Iron Fence
Parking
- 1 Open Parking Space
- 3 Car Garage
Home Design
- 2,535 Sq Ft Home
- Split Level Home
- Quadruplex
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Location
- Property is near a park
- Urban Location
Listing and Financial Details
- Tax Lot 39
- Tax Tract Number 212
- Assessor Parcel Number 5018013003
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $120
- Gardener Expense $900
- Insurance Expense $1,800
- Maintenance Expense $2,400
- Professional Management Expense $2,580
- Trash Expense $600
- Water Sewer Expense $1,800
- New Taxes Expense $7,150
- Operating Expense $17,770
- Gross Income $33,950
- Net Operating Income $33,950
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 31, 2017
Closed on
Mar 3, 2017
Sold by
Haynes Richard E
Bought by
Oxford Jonathan Wade
Seller's Agent
Richard Haynes
Haynes Real Estate
Buyer's Agent
Jeff Lovell
Keller Williams Los Angeles
List Price
$549,000
Sold Price
$599,000
Premium/Discount to List
$50,000
9.11%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$364,444
Avg. Annual Appreciation
5.93%
Original Mortgage
$144,000
Interest Rate
4.19%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 24, 2012
Sold by
Meeyak Holdings Llc
Bought by
Haynes Richard E
Purchase Details
Closed on
Aug 12, 2011
Sold by
Creating Wealth Investors Inc
Bought by
Meeyak Holdings Llc
Purchase Details
Closed on
Aug 10, 2011
Sold by
Revoca Jackson Jr James N and Revoca James N Jackson Jr 2001
Bought by
Creating Wealth Investors Inc
Purchase Details
Closed on
Jul 28, 2006
Sold by
Jackson James N and Jackson Angelina
Bought by
Revoca Jackson Jr James N and Revoca James N Jackson Jr 2001
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,500
Interest Rate
6.69%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 22, 2004
Sold by
Jackson James N
Bought by
Revoca Jackson Jr James N and Revoca James N Jackson Jr 2001
Purchase Details
Closed on
Nov 24, 2003
Sold by
Jackson James N
Bought by
Jackson James N and Jackson James N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 18, 2003
Sold by
Jackson James N and The James N Jackson Sr 2001 Re
Bought by
Jackson James N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 19, 2001
Sold by
Jackson James N
Bought by
Jackson James N and Jackson James N
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Oxford Jonathan Wade | $599,000 | Progressive Title Company | |
| Oxford Jonathan Wade | -- | Progressive Title Company | |
| Haynes Richard E | -- | None Available | |
| Meeyak Holdings Llc | $258,000 | Lawyers Title Company | |
| Creating Wealth Investors Inc | $243,000 | Lawyers Title | |
| Revoca Jackson Jr James N | -- | Accommodation | |
| Jackson James N | -- | Fidelity National Title Co | |
| Revoca Jackson Jr James N | -- | -- | |
| Jackson James N | -- | -- | |
| Jackson James N | -- | Stewart Title Company | |
| Jackson James N | -- | Stewart Title | |
| Jackson James N | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Oxford Jonathan Wade | $365,879 | |
| Closed | Oxford Jonathan Wade | $144,000 | |
| Previous Owner | Haynes Richard E | $238,000 | |
| Previous Owner | Jackson James N | $439,500 | |
| Previous Owner | Jackson James N | $244,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/17/2017 03/17/17 | Sold | $599,000 | 0.0% | $236 / Sq Ft |
| 02/10/2017 02/10/17 | Pending | -- | -- | -- |
| 02/06/2017 02/06/17 | Off Market | $599,000 | -- | -- |
| 01/31/2017 01/31/17 | For Sale | $549,000 | -- | $217 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $8,687 | $695,183 | $556,149 | $139,034 |
| 2024 | $8,687 | $681,553 | $545,245 | $136,308 |
| 2023 | $8,529 | $668,190 | $534,554 | $133,636 |
| 2022 | $8,147 | $655,089 | $524,073 | $131,016 |
| 2021 | $8,038 | $642,246 | $513,798 | $128,448 |
| 2019 | $7,806 | $623,538 | $498,559 | $124,979 |
| 2018 | $7,666 | $611,320 | $488,784 | $122,536 |
| 2016 | $3,583 | $273,745 | $190,985 | $82,760 |
| 2015 | $3,535 | $269,634 | $188,117 | $81,517 |
| 2014 | $3,575 | $264,354 | $184,433 | $79,921 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Haynes
-
Jeff Lovell
Buyer's Agent in 2017
Jeff Lovell
Keller Williams Los Angeles
(310) 486-3080
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB17019803
APN: 5018-013-003
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