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Sold for $700,000
  • Listed by: TRANSPAC INVESTMENT CO. • LINDY FONG • Contact: 626-618-0590
    Bought with: TRANSPAC INVESTMENT CO.
    Tax assessed value
    $700,000

    490 Solano Ave, Los Angeles, CA 90012

    3beds
    1,876sqft
    Single Family Residence
    Built in 1922
    5,837 Square Feet Lot
    $1,237,900 Zestimate®
    $373/sqft
    $4,920 Estimated rent

    Home value

    $1,237,900

    $1.18M - $1.30M

    $4,920/mo

    Zestimate® history
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    What's special

    Great investment opportunity within the Elysian Park’s historic Solano Canyon, conveniently located just south of Dodger Stadium, east of China town and north of Downtown. You are greeted with a view of Buena Vista Hill from the front porch entrance which leads into the main floor to a welcoming foyer. This 3-bedrooms 1 ½ bath is situated about a block from L.A. Historic Park, Solano Community Garden, Solano Avenue Elementary School, the L.A. River, and the 110 freeway on ramp. The home features a formal living and dining room, family room for entertainment, a kitchen, laundry area and a ½ bath at the end of the main floor hallway. The stairway to the 2nd level leads to 3 bedrooms and a full bath. (tax record shows 1 full bath) No off-street parking however, this is a great opportunity to turn this excellent R2 zoned 5,837 sq ft lot into a great investment property. Property is sold as-is condition. Seller will not provide any repairs. Property will not qualify for standard conventional loan. This is a probate sale, no court confirmation required. The seller will entertain all offers. All information is deemed accurate and to the best of the seller’s knowledge. The buyer and buyer’s agent do your diligently to verify all information.

    Zillow last checked:

    Listing updated:

    Listed by:

    LINDY FONG DRE #01207239 909-839-3868,

    TRANSPAC INVESTMENT CO.

    Bought with:

    LINDY FONG, DRE #01207239

    TRANSPAC INVESTMENT CO.

    Source: CRMLS,MLS#: WS24129353MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    • Main level bathrooms: 1
    Rooms
    • Room types: Bedroom, Entry/Foyer, Family Room, Foyer, Kitchen, Living Room
    Bedroom
    • Features: All Bedrooms Up
    Bathroom
    • Features: Bathtub
    Cooling
    • None
    Appliances
    • Laundry: Inside
    Features
    • All Bedrooms Up, Entrance Foyer
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,876 sqft

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Patio & porch: Front Porch
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Hills, Neighborhood
    Lot
    • Size: 5,837 Square Feet
    • Features: Paved
    Details
    • Parcel number: 5414023011
    • Zoning: LAR2
    • Special conditions: Probate Listing

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1922

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Park, Sidewalks
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $373/sqft
    • Tax assessed value: $700,000
    • Annual tax amount: $8,784
    • Date on market: 6/27/2024
    • Cumulative days on market: 27 days
    • Listing terms: Cash

    Price history

    DateEventPrice
    8/26/2024Sold$700,000-12.5%$373/sqft
    Source: CRMLS #WS24129353 Report a problem
    7/30/2024Contingent$800,000$426/sqft
    Source: CRMLS #WS24129353 Report a problem
    6/27/2024Listed for sale$800,000$426/sqft
    Source: CRMLS #WS24129353 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,784 +613.8%$700,000 +794.1%
    2024$1,231 +1.5%$78,294 +2%
    2023$1,212 +4.1%$76,760 +2%
    2022$1,164 +2.2%$75,256 +2%
    2021$1,140 -0.3%$73,781 +1%
    2020$1,143 $73,025 +2%
    2019$1,143 +9.5%$71,594 +2%
    2018$1,044 $70,191 +2%
    2017$1,044 +2.2%$68,816 +2%
    2016$1,022 +4.6%$67,468 +1.5%
    2015$977 +0.1%$66,456 +2%
    2014$976 $65,155 +2.5%
    2012-- $63,591 +2%
    2011-- $62,345 +0.8%
    2010-- $61,880 -0.2%
    2009-- $62,028 +2%
    2008-- $60,812 +2%
    2007-- $59,621 +2%
    2006-- $58,453
    2005-- $58,453 +4%
    2004-- $56,185 +1.9%
    2003-- $55,157 +2%
    2002-- $54,077 +4%
    2000-- $51,980
    Find assessor info on the county website

    Neighborhood: Central City East

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,237,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,237,900