509 Belmont Avenue

Los Angeles, CA 90026

$1,750,000
Last Sold Price
7
Beds
7
Baths
3,900 Sq. Ft.
$449 / Sq. Ft.
3,900
Sq. Ft.
$449
per Sq. Ft.

Description

sold before processing.sold before processing.

Property Details for 509 Belmont Avenue

Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3900
Assessor Parcel Number
5404-013-010

Location

Listing Courtesy of The 2-4 Unit Specialists, Elizabeth Maddox, DRE #01921425; The 2-4 Unit Specialists, Ian Maddox, DRE #02030205

Sold By The 2-4 Unit Specialists, Cheyenne Womack, DRE #02064825

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LISTING UPDATED: 04/06/2020 04:19 AM

Property Details for 509 Belmont Avenue

StatusClosed
MLS #BB20000882
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2018
Lot Size0.12 AC / 5,358 SF
CountyLos Angeles County

Building

509 Belmont Ave

2 Units3 StoriesBuilt in 2018

Location

Listing Courtesy of The 2-4 Unit Specialists, Elizabeth Maddox, DRE #01921425; The 2-4 Unit Specialists, Ian Maddox, DRE #02030205

Sold By The 2-4 Unit Specialists, Cheyenne Womack, DRE #02064825

Add your commute

Building Information for 509 Belmont Avenue

Stories3Residences2Year Built2018Building Size-Lot Size0.12 AC / 5,358 SF

Payment Calculator

$11,425 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$1,875

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 509 Belmont Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $112,800
  • Vacancy Allowance: 3384
  • Gross Operating Income: $109,416
  • Net Operating Income: $83,466
  • Gross Multiplier: 15.51
  • Cap Rate: 4.77
  • Financing: Cash
Expense Details
  • Operating Expense: $25,950
  • New Taxes Expense: $20,550
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,800
  • Maintenance Expense: $500
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $25,950
Tax / Assessment Info
  • Tax Block: 39
  • Tax Tract Number: 13
  • Tax Census Tract: 1957.20
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Cooling: Central Air
  • Heating: Central
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street, Level, Sprinklers Drip System
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Three Or More
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,200
  • Unit Type Total Rent: $5,200
  • Unit Type Pro Forma: 5700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,200
  • Unit Type Total Rent: $4,200
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 509 Belmont Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 509 Belmont Avenue

Taxable ValueLand$998,618Additions$840,942Total$1,839,560
Tax Record2023$22,498 ($1,875 / month)
Home Facts
Total Finished SqFt3,870 SqFtAbove Grade Finished SqFt3,870 SqFtStories1Lot Size5,358 SqFtStyleDuplexYear Built2018ZoningLARD2CountyLOS ANGELESAPN5404-013-010

Schools near 509 Belmont Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Camino Nuevo Charter Academy No. 4
CharterK to 8

Virgil Middle School
Public6 to 8

Edward R. Roybal Learning Center
Public9 to 12

Miguel Contreras Learning Complex School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The 2-4 Unit Specialists, Elizabeth Maddox, DRE #01921425; The 2-4 Unit Specialists, Ian Maddox, DRE #02030205

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.