NOT LISTED FOR SALE

859 E 52nd St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $549,464 - $708,000

2 Beds
2 Baths
1,197 Sq Ft
$521/Sq Ft Est. Value

Last Sold November 10, 2015

Last sale price $260,000 $217 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $3,550/month

9 Days on Market

About This Home

As of November 2015

Duplex! First time buyer opportunity to own an income property and qualify for soft second mortgage of up to $60,000.The Soft Second Mortgage is due at maturity, change of ownership or non approved cash-out refinance. The Soft Second Mortgage is a 0.0% interest loan with no monthly payments required. Buyer must use listing agent's preferred lender to apply for soft second mortgage and must meet program guidelines to qualify for assistance. This special financing comes with a conventional 30 year FIXED 1st loan that requires a minimum 3% downpayment of the buyers own funds. As per landlord, Unit1(front) is a 1 bedroom and 1bath rented at $900. Unit2(back) is a 1bedroom and 1bath rented at $1052 on a month to month Section 8 contract. Tenant in unit 2 has may consider moving out at new landlords request and expense.CAP rate of 6.79% at proposed purchase price and GRM 10.65. Estimated net annual operating income of $16,930.

Last Agent to Sell the Property

xRudy Zuniga

West Shores Realty, Inc. License #01489677 Listed on: 09/25/2015

Last Buyer's Agent

JOSE ARANA

License #01318305

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 2,202

Parking

  • On-Street Parking

Home Design

  • 1,197 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • 2,202 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5103-029-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Duplex! First time buyer opportunity to own an income property and qualify for soft second mortgage of up to $60,000.The Soft Second Mortgage is due at maturity, change of ownership or non approved cash-out refinance. The Soft Second Mortgage is a 0.0% interest loan with no monthly payments required. Buyer must use listing agent's preferred lender to apply for soft second mortgage and must meet program guidelines to qualify for assistance. This special financing comes with a conventional 30 year FIXED 1st loan that requires a minimum 3% downpayment of the buyers own funds. As per landlord, Unit1(front) is a 1 bedroom and 1bath rented at $900. Unit2(back) is a 1bedroom and 1bath rented at $1052 on a month to month Section 8 contract. Tenant in unit 2 has may consider moving out at new landlords request and expense.CAP rate of 6.79% at proposed purchase price and GRM 10.65. Estimated net annual operating income of $16,930.
  • Alley: Yes
  • Living Area: 1197
  • Year Built: 1911
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 208.44

Exterior Features

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

Garage/Parking

  • Parking Garage: On street

Utilities

  • Heating: Wall Gas
  • Water Expense: 1800.00

Fee Information

  • Insurance Expense: 569.00
  • Maintenance Expense: 1000.00

Lot Info

  • Assessed Improvement Value: 95000
  • Assessed Land Value: 110000
  • Assessor Parcel Number: 5103-029-002
  • Geocode Override: No
  • Lot Size Area: 2202

Rental Info

  • Total Actual Rent: 1952.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.65
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: Duplex

Tax Info

  • Tax Expense: 3125.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2023
Sold by
Alvarez Erik A
Bought by
Alvarez Erik A and Pool Dolores Teresa
Current Estimated Value
$624,116

Purchase Details

Listed on
Sep 25, 2015
Closed on
Oct 6, 2015
Sold by
Bowen Raymond and Bowen Narai M
Bought by
Alvarez Erik
Seller's Agent
xRudy Zuniga
West Shores Realty, Inc.
Buyer's Agent
JOSE ARANA
List Price
$249,500
Sold Price
$260,000
Premium/Discount to List
$10,500
4.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.00%
Original Mortgage
$195,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 23, 2014
Closed on
Dec 18, 2014
Sold by
Bowen Raymond
Bought by
Bowen Raymond and Bowen Narai M
Seller's Agent
Marietta Anderson
Phoenix RE Consulting
Buyer's Agent
Ari Shram
The Agency
List Price
$170,000
Sold Price
$205,000
Premium/Discount to List
$35,000
20.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.12%
Original Mortgage
$187,728
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 23, 2014
Closed on
Oct 31, 2014
Sold by
Justo Rafael
Bought by
Bowen Raymond
Seller's Agent
Marietta Anderson
Phoenix RE Consulting
Buyer's Agent
Ari Shram
The Agency
List Price
$170,000
Sold Price
$205,000
Premium/Discount to List
$35,000
20.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,728
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 18, 2003
Sold by
Justo Teresa
Bought by
Justo Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 2003
Sold by
Trejo Rigoberto
Bought by
Justo Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2003
Sold by
Trejo Maria E
Bought by
Trejo Rigoberto

Purchase Details

Closed on
Apr 17, 2003
Sold by
Hud
Bought by
Trejo Rigoberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,600
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2002
Sold by
Rodriguez Juana
Bought by
Washington Mutual Bank Fa and North American Mtg Company

Purchase Details

Closed on
Jun 1, 1998
Sold by
Ramirez J Reyes and Ramirez Gloria D
Bought by
Rodriguez Juana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,491
Interest Rate
7.1%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Alvarez Erik A -- None Listed On Document
Alvarez Erik $260,000 None Available
Bowen Raymond -- None Available
Bowen Raymond $205,000 Provident Title Company
Justo Rafael -- Ticor Title Company
Justo Rafael $180,000 Ticor Title Company
Trejo Rigoberto -- --
Trejo Rigoberto $142,000 --
Washington Mutual Bank Fa $115,974 First American Title Co
Rodriguez Juana $112,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alvarez Erik $195,000
Previous Owner Bowen Raymond $187,728
Previous Owner Justo Rafael $144,000
Previous Owner Trejo Rigoberto $113,600
Previous Owner Rodriguez Juana $111,491
Closed Rodriguez Juana $15,000
Closed Justo Rafael $36,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/10/2015 11/10/15 Sold $260,000 +4.2% $217 / Sq Ft
10/04/2015 10/04/15 Pending -- -- --
09/25/2015 09/25/15 For Sale $249,500 +21.7% $208 / Sq Ft
12/05/2014 12/05/14 Sold $205,000 +20.6% $333 / Sq Ft View Prior Sale
07/03/2014 07/03/14 Pending -- -- --
06/23/2014 06/23/14 For Sale $170,000 -- $276 / 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 $3,481 $280,229 $165,728 $114,501
2024 $3,481 $274,735 $162,479 $112,256
2023 $3,416 $269,349 $159,294 $110,055
2022 $3,257 $264,069 $156,171 $107,898
2021 $3,239 $258,892 $153,109 $105,783
2020 $3,269 $256,239 $151,540 $104,699
2019 $3,144 $275,913 $148,569 $127,344
2018 $3,385 $270,504 $145,656 $124,848
2016 $3,227 $260,000 $140,000 $120,000
2015 $2,572 $205,000 $110,000 $95,000
2014 $2,686 $208,761 $46,388 $162,373
Source: Public Records

Agents Affiliated with this Home

  • x

    Seller's Agent in 2015

    xRudy Zuniga

    West Shores Realty, Inc.

    Section Image

  • J

    Buyer's Agent in 2015

    JOSE ARANA

  • Marietta Anderson

    Seller's Agent in 2014

    Marietta Anderson

    Phoenix RE Consulting

    (323) 363-7597

    13 Total Sales

    Marietta Anderson
    Section Image
  • Ari Shram

    Buyer's Agent in 2014

    Ari Shram

    The Agency

    (310) 280-8854

    11 Total Sales

    Ari Shram
    Section Image
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Map

Source: The MLS

MLS Number: 15-946131

The MLS

APN: 5103-029-002

California Los Angeles County Los Angeles 90011 South Park

859 E 52nd St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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