NOT LISTED FOR SALE

871 W 47th St Los Angeles, CA 90037

Vermont Square Neighborhood

Estimated Value: $1,266,000 - $1,371,025

9 Beds
6 Baths
4,315 Sq Ft
$306/Sq Ft Est. Value

Last Sold June 21, 2019

Last sale price $985,000 $228 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $8,442/month

38 Days on Market

Highlights

  • Auto Driveway Gate
  • Landscaped
  • 3-minute walk to Julian C. Dixon Park

About This Home

As of June 2019

6 Unit Apartment Complex // Great Downtown Los Angeles Location which is the central business district of Los Angeles as well as the University of Southern California, one of the worlds largest leading private research universities. This asset is in close proximity to local retail, schools, & the 10, & 105 freeways. Nearby public transportation includes the Metro Blue Line, which runs north & south along the 110 Freeway, as well as the Metro Expo Line, which runs east & west along the 10 Freeway., Secure On-Site Parking, Remodeled Inside and Out

Last Agent to Sell the Property

Josefina Madrid

Century 21 Affiliated License #01833988 Listed on: 04/15/2019

Century 21 Affiliated

Last Buyer's Agent

H. Kim Huntley

Howard Huntley, Broker License #00497788

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,941

Year Built

  • Built in 1928

Lot Details

  • 7,518 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 4 Car Garage
  • Parking Available
  • Auto Driveway Gate

Home Design

  • 4,315 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 5018004013

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $1,100
  • Water Sewer Expense $1,400
  • New Taxes Expense $7,838
  • Operating Expense $9,700
  • Gross Income $92,000
  • Net Operating Income $66,244

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,941

Year Built

Built in 1928

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1400.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5018004013
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 228.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Gated
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Other
  • Trash Expense: 1100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7518.00
  • Lot Size Acres: 0.1726

Multi Family

  • Gross Income: 92000.00
  • Gross Scheduled Income: 92000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7518.0000 Square Feet
  • Net Operating Income: 66244.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 26000.00
  • Rent Control: Yes
  • Total Expenses: 9700.00

Tax Info

  • New Taxes Expense: 7838.00
  • Tax Census Tract: 2321.10
  • Tax Lot: 23
  • Tax Tract Number: KENDAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2020
Sold by
Sunshine 11 Lp
Bought by
Sunshine 11 Lp
Current Estimated Value
$1,335,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$621,120
Interest Rate
3.6%
Mortgage Type
Construction
Estimated Equity
$697,393

Purchase Details

Listed on
Apr 15, 2019
Closed on
May 24, 2019
Sold by
Maldonado Julisa Alicia Martinez and Martinez Francisca
Bought by
Sunshine 11 Lp
Seller's Agent
Josefina Madrid
Century 21 Affiliated
Buyer's Agent
H. Kim Huntley
Howard Huntley, Broker
List Price
$1,000,000
Sold Price
$985,000
Premium/Discount to List
-$15,000
-1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.84%

Purchase Details

Closed on
Aug 20, 2004
Sold by
Palafox Daniel Alfred
Bought by
Martinez Francisca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 9, 2004
Sold by
Chavez Ubaldo E and Chavez Lourdes A
Bought by
Martinez Francisca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.94%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Sunshine 11 Lp -- Old Republic Title Company
Sunshine 11 Lp $985,000 Ticor Title Company
Martinez Francisca -- Commonwealth Land Title Co
Martinez Francisca $490,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sunshine 11 Lp $700,000
Open Sunshine 11 Lp $15,000,000
Previous Owner Martinez Francisca $400,000
Previous Owner Chavez Ubaldo E $200,000
Previous Owner Chavez Ubaldo E $100,000
Previous Owner Chavez Ubaldo Ernesto $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2019 06/21/19 Sold $985,000 -1.5% $228 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
04/15/2019 04/15/19 For Sale $1,000,000 -- $232 / 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 $13,941 $1,098,782 $764,128 $334,654
2024 $13,941 $1,077,239 $749,146 $328,093
2023 $13,689 $1,056,117 $734,457 $321,660
2022 $13,085 $1,035,409 $720,056 $315,353
2021 $12,912 $1,015,108 $705,938 $309,170
2019 $8,179 $612,276 $487,328 $124,948
2018 $8,042 $600,272 $477,773 $122,499
2016 $7,629 $576,965 $459,221 $117,744
2015 $7,527 $568,300 $452,324 $115,976
2014 $7,582 $557,169 $443,464 $113,705
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Josefina Madrid

    Century 21 Affiliated

    Section Image

  • H

    Buyer's Agent in 2019

    H. Kim Huntley

    Howard Huntley, Broker

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19084853

California Regional Multiple Listing Service (CRMLS)

APN: 5018-004-013

California Los Angeles County Los Angeles 90037 Vermont Square

871 W 47th St, Los Angeles, CA

This home is located at 871 W 47th St, Los Angeles, CA 90037 since 15 April 2019 and is currently estimated at $1,318,513, approximately $305 per square foot. This property was built in 1928. 871 W 47th St is a home located in Los Angeles County with nearby schools including Dr. James Edward Jones Primary Center, Marguerite Poindexter Lamotte Elementary, and Barack Obama Global Preparation Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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