NOT LISTED FOR SALE

883 E 49th St Los Angeles, CA 90011

South Park Neighborhood
-- Bed
-- Bath
6,482 Sq Ft
7,500 Sq Ft Lot

Last Sold October 16, 2012

Last sale price $586,000 $90 Per Sq Ft

88 Days on Market

Highlights

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

About This Home

As of October 2012

THIS PROPERTY FEATURES AN OWNERS UNIT WITH 2 BEDROOMS AND 2.5 BATHS! PLUS, ITS A TWO STORY TOWNHOUSE STYLE! THIS UNIT COULD BE RENTED FOR $1,500.00 OR MORE! ALL UNITS HAVE A WINDOW A/C, PLUS A PARKING SPACE IN THE REAR. THERE IS A COMMUNITY LAUNDRY AREA WITH 2 WASHER AND 2 DRYERS! THE ADDITIONAL INCOME IS FROM $100.00 TO $300.00 PER MONTH! TENANTS PAY THEIR OWN ELECTRIC AND GAS(A PLUS)!

Last Agent to Sell the Property

Jesse Owens

Estate Properties License #01045242 Listed on: 05/05/2012

Last Buyer's Agent

Jesse Owens

Estate Properties License #01045242 Listed on: 05/05/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 7,500

Home Design

  • 6,482 Sq Ft Home
  • Contemporary Architecture
  • Stucco

Parking

  • 7 Parking Spaces
  • Carport

Additional Features

  • 7,500 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 0.1 / G
  • Tax Tract Number 12
  • Assessor Parcel Number 5108020022

Community Details

Overview

  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Gardener Expense $300
  • Insurance Expense $4,200
  • Supplies Expense $2,000
  • Trash Expense $2,000
  • Water Sewer Expense $3,900
  • New Taxes Expense $7,500
  • Gross Income $4,900
  • Net Operating Income $51,147

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 8.52
  • Supplies Expense: 2000.00
  • View: No
  • Water Sewer Expenses: 3900.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 5108020022
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 90.40

Exterior Features

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

Garage/Parking

  • Parking: No
  • Parking Features: Carport
  • Total Parking Spaces: 7.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 2000.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 4900.00
  • Gross Multiplier: 7.81
  • Gross Scheduled Income: 76800.00
  • Insurance Expense: 4200.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 51147.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 22349.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Area: 7
  • Tax Block: G
  • Tax Lot: 0.1
  • Tax Tract Number: 12

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2012 10/16/12 Sold $586,000 -2.3% $90 / Sq Ft
08/01/2012 08/01/12 Pending -- -- --
05/05/2012 05/05/12 For Sale $600,000 -- $93 / 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 $11,570 $878,921 $373,446 $505,475
2024 $11,570 $861,688 $366,124 $495,564
2023 $11,365 $844,794 $358,946 $485,848
2022 $10,875 $828,230 $351,908 $476,322
2021 $10,715 $811,991 $345,008 $466,983
2019 $10,417 $787,909 $334,776 $453,133
2018 $10,256 $772,461 $328,212 $444,249
2016 $8,135 $609,576 $260,058 $349,518
2015 $8,027 $600,420 $256,152 $344,268
2014 $8,096 $588,660 $251,135 $337,525
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jesse Owens

    RE/MAX

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P821050

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90011 South Park

883 E 49th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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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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