NOT LISTED FOR SALE

977 E 51st St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $961,000 - $1,357,000

13 Beds
7 Baths
4,324 Sq Ft
$274/Sq Ft Est. Value

Last Sold March 31, 2016

Last sale price $700,000 $162 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $7,334/month

13 Days on Market

About This Home

As of March 2016

Exceptional opportunity to own a fully renovated 4plex with one 3 bedroom 2 bath unit that will be vacant at the close of escrow. This massive property includes two detached buildings on a 11,000+ sq ft corner lot with 10+ parking spots. Unit layout consists of a 2/1, 3/2, 4/2, 4/2. This property will easily qualify FHA. Current actual monthly GSI of $4,890 will offset mortgage payments. Two tenants are long term Section 8.

Last Agent to Sell the Property

John Chelius

Property Works RE, Inc. License #01936287 Listed on: 01/20/2016

Last Buyer's Agent

Jose A. Perez

Century 21 Allstars License #01316658

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,625

Year Built

  • Built in 1922

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 4,324 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 7 Bathrooms

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Parking Available
  • Unassigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 22
  • Tax Tract Number 2292
  • Assessor Parcel Number 5108015020

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,625

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5108015020
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 161.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11579.00
  • Price Per Lot Square Foot: 60.45
  • Lot Size Acres: 0.2660

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 940
  • Average3 Bed Area: 1332
  • Lot Size Area: 11579.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Lot: 22
  • Tax Tract Number: 2292

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2016
Closed on
Feb 22, 2016
Sold by
Turnstone Holding I Lp
Bought by
Hurtado Ricardo Perea
Seller's Agent
John Chelius
Property Works RE, Inc.
Buyer's Agent
Jose A. Perez
Century 21 Allstars
List Price
$649,000
Sold Price
$700,000
Premium/Discount to List
$51,000
7.86%
Current Estimated Value
$1,185,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$485,869
Avg. Annual Appreciation
5.30%
Original Mortgage
$687,321
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 12, 2014
Sold by
Turnstone Flip Llc
Bought by
Turnstone Holding I Lp

Purchase Details

Closed on
Nov 16, 2013
Sold by
Pae Greene Properties Ltd
Bought by
Fink Greene Richard Scott and Fink Greene Leo

Purchase Details

Closed on
Nov 15, 2013
Sold by
Fink Diane Patricia
Bought by
Greene Richard Scott

Purchase Details

Closed on
Dec 12, 2005
Sold by
West Blvd Lp
Bought by
Pae Greene Properties

Purchase Details

Closed on
Apr 9, 2002
Sold by
Gonzalez Antonio
Bought by
West Blvd Limited Partnership

Purchase Details

Closed on
Jun 14, 2000
Sold by
G M B Investments Inc
Bought by
Gonzalez Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
8.63%

Purchase Details

Closed on
May 12, 2000
Sold by
Earth In Motion Investments Inc
Bought by
G M B Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
8.63%

Purchase Details

Closed on
Mar 27, 2000
Sold by
Ballard William J and Estate Of Vivian Jones Frankli
Bought by
Earth In Motion Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
8.25%
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
Hurtado Ricardo Perea $700,000 Old Republic Title Company
Turnstone Holding I Lp -- Old Republic Title Company
Fink Greene Richard Scott $1,061,000 Old Republic Title Company
Turnstone Flip Llc $441,004 Old Republic Title Company
Greene Richard Scott -- Old Republic Title Company
Pae Greene Properties -- --
West Blvd Limited Partnership $285,676 --
Gonzalez Antonio $178,000 Fidelity Title
G M B Investments Inc -- --
Earth In Motion Investments Inc $100,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hurtado Ricardo Perea $655,000
Closed Hurtado Ricardo Perea $687,321
Previous Owner Gonzalez Antonio $215,000
Previous Owner Earth In Motion Investments Inc $139,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2016 03/31/16 Sold $700,000 +7.9% $162 / Sq Ft
02/02/2016 02/02/16 Pending -- -- --
01/20/2016 01/20/16 For Sale $649,000 -- $150 / 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 $10,625 $828,652 $355,136 $473,516
2024 $10,625 $812,405 $348,173 $464,232
2023 $10,432 $796,477 $341,347 $455,130
2022 $9,971 $780,860 $334,654 $446,206
2021 $9,834 $765,550 $328,093 $437,457
2019 $9,555 $743,285 $318,362 $424,923
2018 $9,326 $728,720 $312,120 $416,600
2016 $6,570 $505,339 $300,304 $205,035
2015 $6,480 $497,750 $295,794 $201,956
2014 $6,527 $488,000 $290,000 $198,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    John Chelius

    Property Works RE, Inc.

    (310) 722-0360

    6 Total Sales

    John Chelius
    Section Image
  • Jose A. Perez

    Buyer's Agent in 2016

    Jose A. Perez

    Century 21 Allstars

    (310) 800-7816

    96 Total Sales

    Jose A. Perez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16012154

California Regional Multiple Listing Service (CRMLS)

APN: 5108-015-020

California Los Angeles County Los Angeles 90011 South Park

977 E 51st St, Los Angeles, CA

This home is located at 977 E 51st St, Los Angeles, CA 90011 since 20 January 2016 and is currently estimated at $1,185,869, approximately $274 per square foot. This property was built in 1922. 977 E 51st St is a home located in Los Angeles County with nearby schools including Forty-Ninth Street Elementary School, George Washington Carver Middle School, and Thomas Jefferson Senior High School.

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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