NOT LISTED FOR SALE

953 W 81st St Los Angeles, CA 90044

Vermont Knolls Neighborhood

Estimated Value: $694,762 - $881,000

4 Beds
4 Baths
1,554 Sq Ft
$489/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $540,000 $347 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,574/month

119 Days on Market

About This Home

As of February 2020

Recently remodeled and updated duplex. Configuration is two 2+2 units. Unit 955 to be delivered vacant. Open concept kitchen features granite counter tops, microwave, stove and a stainless steel refrigerator. Spacious living room with new wood floors, fresh paint, and lots of windows for an abundance of natural light. Updated bathrooms. Backyard patio area shared by cooperative Tenants. Upgraded electrical, tankless water heaters and solar panels makes this a turnkey investment property. Low maintenance property easy to self manage. Convenient to 110 & 105 FWY, Staples Center, the Forum, Hollywood Park Casino.

Last Agent to Sell the Property

Michael Berlin

Redfin License #01299221 Listed on: 09/24/2019

Redfin

Last Buyer's Agent

Miguel Gonzalez Jr

License #01716213

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,130

Year Built

  • Built in 1923

Lot Details

  • 2,996

Home Design

  • Duplex

Interior Spaces

  • 1,554 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • 2,996 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 6032-004-019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,130

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Recently remodeled and updated duplex. Configuration is two 2+2 units. Unit 955 to be delivered vacant. Open concept kitchen features granite counter tops, microwave, stove and a stainless steel refrigerator. Spacious living room with new wood floors, fresh paint, and lots of windows for an abundance of natural light. Updated bathrooms. Backyard patio area shared by cooperative Tenants. Upgraded electrical, tankless water heaters and solar panels makes this a turnkey investment property. Low maintenance property easy to self manage. Convenient to 110 & 105 FWY, Staples Center, the Forum, Hollywood Park Casino.
  • Living Area: 1554
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Equipment: Refrigerator
  • Price Per S Q F T: 353.93

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Utilities

  • Heating: Wall

Condo/Co-op/Association

  • Professional Management: 2280.00

Fee Information

  • Insurance Expense: 552.00
  • Other Expense: 1848.00

Lot Info

  • Assessed Improvement Value: 83000
  • Assessed Land Value: 170000
  • Assessor Parcel Number: 6032-004-019
  • Geocode Override: No
  • Lot Size Area: 2996

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.89
  • Number Of Units: 2
  • Type Of Units: Duplex

Tax Info

  • Tax Expense: 6875.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2019
Closed on
Feb 10, 2020
Sold by
Williams John D
Bought by
Alejandre Jesse and Vargas Nallely
Seller's Agent
Michael Berlin
Redfin
Buyer's Agent
Miguel Gonzalez Jr
List Price
$5,500,000
Sold Price
$540,000
Premium/Discount to List
-$4,960,000
-90.18%
Current Estimated Value
$760,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,441
Avg. Annual Appreciation
6.21%
Original Mortgage
$530,219
Outstanding Balance
$463,849
Interest Rate
2.99%
Mortgage Type
FHA
Estimated Equity
$296,592

Purchase Details

Listed on
Mar 27, 2017
Closed on
Apr 11, 2017
Sold by
Cardinal Development Llc
Bought by
Williams John D
Seller's Agent
Luis Martinez
Century 21 Allstars
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$389,900
Sold Price
$400,000
Premium/Discount to List
$10,100
2.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.53%
Original Mortgage
$392,755
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 1, 2016
Closed on
Oct 31, 2016
Sold by
Angeleno Homes Llc
Bought by
Cardinal Development Llc
Seller's Agent
Ron Edison
Tower Realty & Investments
Buyer's Agent
Ron Edison
Tower Realty & Investments
List Price
$299,900
Sold Price
$253,000
Premium/Discount to List
-$46,900
-15.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
123.37%

Purchase Details

Listed on
Aug 1, 2016
Closed on
Oct 19, 2016
Sold by
Fannie Mae
Bought by
Angelena Homes Llc
Seller's Agent
Ron Edison
Tower Realty & Investments
Buyer's Agent
Ron Edison
Tower Realty & Investments
List Price
$299,900
Sold Price
$253,000
Premium/Discount to List
-$46,900
-15.64%

Purchase Details

Closed on
Dec 13, 2011
Sold by
Colchado Manuel A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 1, 2005
Sold by
Asberry Willie J
Bought by
Colchado Manuel A and Colchado Gladys

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 2004
Sold by
Asberry Sharon Foreman
Bought by
Asberry Willie J and Asberry Sharon Foreman

Purchase Details

Closed on
Jan 16, 1998
Sold by
Asberry Sharon F
Bought by
Asberry Sharon Foreman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,700
Interest Rate
7.13%
Mortgage Type
Assumption

Purchase Details

Closed on
Dec 30, 1997
Sold by
Asberry Willie James
Bought by
Asberry Sharon Foreman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,700
Interest Rate
7.13%
Mortgage Type
Assumption

Purchase Details

Closed on
Dec 5, 1995
Sold by
Asberry Willie J
Bought by
The Sharon Foreman Asberry Family Living
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Alejandre Jesse $540,000 Lawyers Title Company
Williams John D $400,000 Lawyers Title
Cardinal Development Llc -- None Available
Angelena Homes Llc $253,000 Lawyers Title
Federal National Mortgage Association $206,700 Landsafe Title
Colchado Manuel A $190,000 Commerce Title Company
Asberry Willie J -- Investors Title Company
Asberry Sharon Foreman -- Stewart Title
Asberry Sharon Foreman -- Stewart Title Company
The Sharon Foreman Asberry Family Living -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alejandre Jesse $530,219
Previous Owner Williams John D $392,755
Previous Owner Colchado Manuel A $217,500
Previous Owner Asberry Sharon Foreman $102,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/21/2020 02/21/20 Sold $540,000 -90.2% $347 / Sq Ft
01/21/2020 01/21/20 Pending -- -- --
09/24/2019 09/24/19 For Sale $5,500,000 0.0% $3,539 / Sq Ft
02/08/2019 02/08/19 Rented $1,650 0.0% --
01/25/2019 01/25/19 For Rent $1,650 0.0% --
05/22/2017 05/22/17 Sold $400,000 +2.6% $257 / Sq Ft View Prior Sale
04/07/2017 04/07/17 Pending -- -- --
03/27/2017 03/27/17 For Sale $389,900 +54.1% $251 / Sq Ft
10/27/2016 10/27/16 Sold $253,000 -5.9% $163 / Sq Ft View Prior Sale
10/14/2016 10/14/16 Pending -- -- --
09/29/2016 09/29/16 Price Changed $268,900 +0.7% $173 / Sq Ft
09/28/2016 09/28/16 Price Changed $266,900 -3.6% $172 / Sq Ft
09/11/2016 09/11/16 Price Changed $276,900 -3.8% $178 / Sq Ft
08/09/2016 08/09/16 Price Changed $287,900 -4.0% $185 / Sq Ft
08/01/2016 08/01/16 For Sale $299,900 0.0% $193 / Sq Ft
07/21/2016 07/21/16 Pending -- -- --
06/09/2016 06/09/16 For Sale $299,900 -- $193 / 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 $7,130 $590,563 $503,075 $87,488
2024 $7,130 $578,984 $493,211 $85,773
2023 $6,996 $567,633 $483,541 $84,092
2022 $6,675 $556,504 $474,060 $82,444
2021 $6,586 $545,593 $464,765 $80,828
2020 $5,348 $424,483 $291,832 $132,651
2019 $5,141 $416,160 $286,110 $130,050
2018 $5,081 $408,000 $280,500 $127,500
2016 $2,201 $169,764 $137,934 $31,830
2015 $2,171 $167,215 $135,863 $31,352
2014 $2,192 $163,940 $133,202 $30,738
Source: Public Records

Agents Affiliated with this Home

  • M

    Buyer's Agent in 2020

    Miguel Gonzalez Jr

  • J

    Seller's Agent in 2019

    Justin Reese

    JRealty

    (310) 980-1660

    1 Total Sale

    Justin Reese
    Section Image
  • Luis Martinez

    Seller's Agent in 2017

    Luis Martinez

    Century 21 Allstars

    (562) 231-3362

    2 in this area

    212 Total Sales

    Luis Martinez
    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    5,990 Total Sales

    NoEmail NoEmail
    Section Image
  • Ron Edison

    Seller's Agent in 2016

    Ron Edison

    Tower Realty & Investments

    (310) 614-6501

    16 Total Sales

    Ron Edison
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 19-525772

The MLS

APN: 6032-004-019

California Los Angeles County Los Angeles 90044 Vermont Knolls

953 W 81st St, Los Angeles, CA

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