NOT LISTED FOR SALE

859 E 53rd St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $723,000 - $775,665

6 Beds
3 Baths
1,695 Sq Ft
$443/Sq Ft Est. Value

Last Sold August 23, 2018

Last sale price $495,000 $292 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,505/month

36 Days on Market

Highlights

  • No HOA
  • 2 Car Garage
  • Wall Furnace
  • Tile Flooring
  • South Facing Home

About This Home

As of August 2018

GREAT FOR FIRST TIME BUYER OR INVESTOR! HIGHLY DESIRED LOCATION!! CLOSE TO DOWNTOWN AND FREEWAYS!! GREAT OPPORTUNITY TO OWN AND HOLD RENTAL PROPERTY WITH POSITIVE RENTS. BEAUTIFUL LOW MAINTANCE REMODELED DUPLEX IN 2011 ON A LARGE LOT WITH PLENTLY OF PARKING AND DETACHED 2 CAR GARAGE. SEPARATE YARDS FOR EACH UNIT WITH TILE THROUGHOUT FRONT UNIT. TILE AND CARPET THROUGHOUT BACK UNIT AND ONLY ONE COMMON WALL. FRONT UNIT IS 3 BEDROOMS 2 FULL BATHS AND BACK UNIT IS 3 BEDROOMS ONE BATH. GRANITE COUNTERTOPS, CEILING FANS THROUGHOUT BOTH! WON’T LAST AT THIS PRICE!! TENANTS ARE MONTH TO MONTH NEW OWNER CAN RAISE RENTS 3% THIS YEAR!!

Last Agent to Sell the Property

LOURDES CORREA

PACIFIC COAST REALTY INC. License #01424471 Listed on: 05/17/2018

Last Buyer's Agent

Max Sandoval

Maxximum Realty Inc License #01448980

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899 | Remodeled

Lot Details

  • 4,600 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,695 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Gas Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Standard Electricity
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 32
  • Tax Tract Number 32
  • Assessor Parcel Number 5103025002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Trash Expense $100
  • Water Sewer Expense $100
  • New Taxes Expense $6,188
  • Gross Income $37,200
  • Net Operating Income $100

Property Details

Home Type

Multi-Family

Year Built

Built in 1899 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 100.00
  • Zoning: LAR2
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5103025002
  • Year Built: 1899
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 292.04

Exterior Features

  • Direction Faces: South
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Cable Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4600.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 37200.00
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 900.00
  • Net Operating Income: 100.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 100.00
  • Rent Control: Yes
  • Total Actual Rent: 3100.00

Tax Info

  • New Taxes Expense: 6188.00
  • Tax Census Tract: 2294.20
  • Tax Lot: 32
  • Tax Tract Number: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2025
Sold by
Ojeda Pantaleon and Martinez Pantaleon Ojeda
Bought by
Ojeda Family Trust and Martinez
Current Estimated Value
$751,416

Purchase Details

Listed on
May 17, 2018
Closed on
Aug 17, 2018
Sold by
Ojeda Avelina
Bought by
Ojeda Pantaleon
Seller's Agent
LOURDES CORREA
PACIFIC COAST REALTY INC.
Buyer's Agent
Max Sandoval
Maxximum Realty Inc
List Price
$495,000
Sold Price
$495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.84%
Original Mortgage
$371,250
Interest Rate
7%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 17, 2018
Closed on
Jul 31, 2018
Sold by
Alvizo Antonio
Bought by
Ojeda Pantaleon
Seller's Agent
LOURDES CORREA
PACIFIC COAST REALTY INC.
Buyer's Agent
Max Sandoval
Maxximum Realty Inc
List Price
$495,000
Sold Price
$495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,250
Interest Rate
7%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 14, 2011
Sold by
Bac Home Loans Servicing Lp
Bought by
Alvizo Antonio and Alvizo Mirella

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
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2010
Sold by
Abundiz Marie A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 7, 2007
Sold by
Abundis Maria A
Bought by
Rodriguez Marcos

Purchase Details

Closed on
Apr 10, 2007
Sold by
L J Enterprises Investments Inc
Bought by
Abundis Maria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
6.14%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 5, 2007
Sold by
Jimenez Luis
Bought by
L J Enterprise Investments Inc

Purchase Details

Closed on
Apr 10, 2006
Sold by
Ar Homes Inc
Bought by
Jimenez Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
8.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 2006
Sold by
Montes Gregorio F
Bought by
Montes Rosalva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
8.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2006
Sold by
Cole Natalie Norwood
Bought by
Ar Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2004
Sold by
Johnson Alfred Lee
Bought by
Cole Natalie Norwood

Purchase Details

Closed on
Nov 8, 1997
Sold by
Johnson Alfred L
Bought by
Johnson Alfred Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
10%
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
Ojeda Family Trust -- None Listed On Document
Ojeda Pantaleon -- Pacific Coast Title
Ojeda Pantaleon $495,000 Pacific Coast Title
Alvizo Antonio $245,000 Landsafe Title Company
Federal National Mortgage Association $213,300 None Available
Rodriguez Marcos -- Accommodation
Abundis Maria A $610,000 Southland Title
L J Enterprise Investments Inc -- Southland Title
Jimenez Luis -- United Title Company-La
Montes Rosalva -- Fidelity National Title Co
Ar Homes Inc $606,000 Fidelity National Title Co
Cole Natalie Norwood -- Fidelity Long Beach
Cole Natalie Norwood -- Fidelity Long Beach
Johnson Alfred Lee -- Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ojeda Pantaleon $371,250
Previous Owner Alvizo Antonio $171,500
Previous Owner Abundis Maria A $122,000
Previous Owner Abundis Maria A $488,000
Previous Owner Jimenez Luis $280,000
Previous Owner Ar Homes Inc $300,000
Previous Owner Johnson Alfred Lee $61,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2018 08/23/18 Sold $495,000 0.0% $292 / Sq Ft
06/22/2018 06/22/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $495,000 -- $292 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,815 $552,178 $256,567 $295,611
2024 $6,815 $541,352 $251,537 $289,815
2023 $6,686 $530,738 $246,605 $284,133
2022 $6,379 $520,332 $241,770 $278,562
2021 $6,297 $510,130 $237,030 $273,100
2019 $6,606 $495,000 $230,000 $265,000
2018 $4,434 $352,251 $221,220 $131,031
2016 $4,227 $338,575 $212,631 $125,944
2015 $4,167 $333,491 $209,438 $124,053
2014 $4,191 $326,959 $205,336 $121,623
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    LOURDES CORREA

    PACIFIC COAST REALTY INC.

    (626) 926-7312

    12 Total Sales

    LOURDES CORREA
    Section Image
  • Max Sandoval

    Buyer's Agent in 2018

    Max Sandoval

    Maxximum Realty Inc

    (714) 442-1406

    22 Total Sales

    Max Sandoval
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18106733

California Regional Multiple Listing Service (CRMLS)

APN: 5103-025-002

California Los Angeles County Los Angeles 90011 South Park

859 E 53rd St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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