NOT LISTED FOR SALE

Los Angeles, CA 90037

Vermont Square Neighborhood

Estimated Value: $592,000 - $873,446

4 Beds
2 Baths
1,073 Sq Ft
$677/Sq Ft Est. Value

Last Sold January 22, 2021

Last sale price $483,500 $451 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,353/month

148 Days on Market

Highlights

  • Granite Countertops
  • Bathtub with Shower
  • Floor Furnace
  • Walk-In Closet
  • Ceiling Fan
  • 2 Car Garage

About This Home

As of January 2021

PROBATE SALE, Subject to Court Confirmation and Overbidding. Sale was confirmed on Oct. 22nd, 2020. For sale after 45 years! A multi-family investment opportunity in one of the fastest-growing neighborhoods in Los Angeles! This property has a brand new roof and upgraded electrical system in early 2019. Each unit is separately metered for electricity and gas. Both units have 2 bedrooms and 1 bathroom with long-term tenants on a month-to-month tenancy. The current rent is $1,324.00 per month for 1200 42nd St and $655.64 per month for 4211 Budlong Ave. Property is SOLD "AS IS" and "WHERE IS". Seller is a Court-Appointed Fiduciary and cannot make any representations as to the condition and history of the subject property. Buyer to conduct their own investigations.

Last Agent to Sell the Property

Vinny Jain

Ingenious Asset Group, Inc. License #01413466 Listed on: 03/11/2020

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,940

Interior Spaces

  • 1,073 Sq Ft Home
  • Ceiling Fan
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms
  • Bathtub with Shower

Parking

  • 2 Car Garage
  • Driveway

Additional Features

  • 5,940 Sq Ft Lot
  • Floor Furnace

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5020-011-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Advertising Remarks: PROBATE SALE, Subject to Court Confirmation and Overbidding. For sale after 45 years! A multi-family investment opportunity in one of the fastest growing neighborhoods in Los Angeles! This property has brand new roof and upgraded electrical system in early 2019. Each unit is separately metered for electricity and gas. Both units have 2 bedrooms and 1 bathroom with long-term tenants on a month-to-month tenancy. Current rent is $1,324.00 per month for 1200 42nd St and $655.64 per month for 4211 Budlong Ave. Property is SOLD "AS IS" and "WHERE IS". Seller is a Court-Appointed Fiduciary and cannot make any representations as to the condition and history of the subject property. Buyer to conduct their own investigations.
  • Living Area: 1073
  • Probate: Yes
  • Year Built: 1920
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Bedroom Features: WalkInCloset
  • Bathroom Features: Shower and Tub
  • Kitchen Features: Granite Counters
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 368.13

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway, Garage
  • Total Parking: 2

Utilities

  • Cooling: Ceiling Fan
  • Heating: Floor Furnace
  • Water Expense: 1200.00

Fee Information

  • Insurance Expense: 1200.00
  • Maintenance Expense: 1187.00
  • Other Expense: 565.00

Lot Info

  • Assessed Improvement Value: 14551
  • Assessed Land Value: 22151
  • Assessor Parcel Number: 5020-011-001
  • Geocode Override: No
  • Lot Size Area: 5940

Rental Info

  • Court Approve: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.63
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: 2

Tax Info

  • Tax Expense: 4938.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2017
Sold by
Siegel Jeffrey and Estate Of Earnest Taite
Bought by
Slegel Jeffrey and The Earnest Taite Separate Pro
Current Estimated Value
$726,362

Purchase Details

Closed on
Jun 26, 2015
Sold by
Taite Earnest
Bought by
Earnest Taite & Bernice Patrick Taite Re
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Slegel Jeffrey -- Chicago Title Company
Earnest Taite & Bernice Patrick Taite Re -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2021 01/22/21 Sold $483,500 +22.4% $451 / Sq Ft
10/23/2020 10/23/20 Price Changed $395,000 -6.1% $368 / Sq Ft
09/25/2020 09/25/20 Price Changed $420,500 +6.5% $392 / Sq Ft
08/06/2020 08/06/20 Pending -- -- --
08/02/2020 08/02/20 Price Changed $395,000 -28.2% $368 / Sq Ft
03/11/2020 03/11/20 For Sale $550,000 -- $513 / 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 $6,576 $523,353 $368,026 $155,327
2024 $6,523 $513,092 $360,810 $152,282
2023 $6,404 $503,033 $353,736 $149,297
2022 $6,118 $493,170 $346,800 $146,370
2021 $815 $39,347 $23,748 $15,599
2020 $818 $38,945 $23,505 $15,440
2019 $799 $38,183 $23,045 $15,138
2018 $701 $37,436 $22,594 $14,842
2016 $656 $35,983 $21,717 $14,266
2015 $649 $35,443 $21,391 $14,052
2014 $668 $34,749 $20,972 $13,777
Source: Public Records

Agents Affiliated with this Home

  • Vinny Jain

    Seller's Agent in 2021

    Vinny Jain

    Ingenious Asset Group, Inc.

    (310) 997-2552

    3 in this area

    76 Total Sales

    Vinny Jain
    Section Image

  • S

    Buyer's Agent in 2021

    Subscriber Non

    Non-Participant Office

See All Agents

Source: The MLS

MLS Number: 20-562720

The MLS

APN: 5020-011-001

California Los Angeles County Los Angeles 90037

Vermont Square

Not Listed for Sale

MultiFamily

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