1221 N Sycamore Ave Apt 7

Los Angeles, California, 90038

Tax DeedpendingSells Oct 20, 2026 · in 10 days

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Beds: 2
Baths: 3
SqFt: 954
Lot Size: 11,659
Year Built: 1985
APN: 5531-012-029

Property Type: Condo
Distressed: Pre-Foreclosure
Vacant: No
Owner Type: Company
Length of Ownership: 2 Years 5 Months
Purchase Method: Financed
County: Los Angeles

Value

Estimated Value: $709,000
Assessed Value: $673,200; 2025

Mortgage & Debt

Open Mortgages: 2
Estimated Balance: $275,000
Lien Flags: None recorded; RealEstateAPI flags · not a lien search
Tax Delinquent Since: 2018

Last Sale

Document Type: Intrafamily Transfer

Opportunity

Opening Bid: $83,509
Bid / Value: 12%; of $709,000
Property Tax 2025: $8,139; annual bill · not the amount owed
Equity (est.): $439,258; 61%
Monthly Rent: $2,410; Suggested rent
Gross Yield: 4.08%

Opening bid

$83,509

Assessed value

$673,200

Land $265,200Improvement $408,000

Market / AVM

$709,000

Property tax 2025

$8,139

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Multimedia Advisers Llc
Mailing Address: 1221 N Sycamore Ave # 7, Los Angeles, CA 90038
Owner Type: Company
Corporate Owned: Yes

Property Characteristics

Bedrooms: 2
Total Bathrooms: 3

Deal analysis

Recorded	Document	Notice	Auction Date	Opening Bid	Default Amount	Judgment	Trustee	Trustee Phone	Active
08/19/2019	Notice of Foreclosure Sale	FOR	09/12/2019	$307,663		$307,663	PROPERTY GUAR&NTEF COMPANY INC	818-871-1900	No
11/08/2016	Notice of Rescission	NR							No
03/27/2012	Notice of Default	NOD			$7,448		CALIFORNIA TRUSTEE SERVICES INC	619-630-0631	No
08/07/2026	Notice of Default	NOD			$81,748

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #
05/18/2016	First	$275,000	Commercial	Karen Hunt Ira	180	06/01/2031	16-0564723
04/25/2024	Second	$29,000	Commercial	Terry Kaiser			24-0275691

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #	Open
04/25/2024	Second	$29,000	Commercial	Terry Kaiser			24-0275691	Yes
05/18/2016	First	$275,000	Commercial	Karen Hunt Ira	180	06/01/2031	16-0564723	Yes
08/11/2017		$25,000	Stand Alone Second / Subordinate position	Rene Latreill			17-0911036	No
11/13/2008		$75,000	Unknown	Kevin Sapin Etal			08-1999993	No
09/30/2008		$106,000

Sale Date	Recorded	Document	Doc #	Arm's Length	Method	Buyer	Seller
04/25/2024	04/26/2024	Intrafamily Transfer	24-0275691	No	Financed	Multimedia Advisers Llc	Multimedia Advisers Llc
08/31/2011	09/02/2011	Quit Claim Deed	11-1195229	No	Financed	Multimedia Advisers Llc	Scott Z Adler
01/07/1999	01/12/1999	Intrafamily Transfer	99-0045254	No	Cash Purchase

Your maximum bid

$422,632

Walk away above this. Projected profit at the ceiling: $212,700 (30% of ARV).

Opening bid $83,509

Room to bid $339,123

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$188,729

Under max by $233,903

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

614

Median sold

$3,853

p(redeem) prior

12%

History n=614: median sold $3,853 is well below oracle $422,632 — target ~82% of ceiling.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $709,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $709,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$56,720
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical CA range ($3,000–$7,000, ~9 months).: −$5,000
Deed recording and transferassumed Typical CA recording and deed issuance cost.: −$250
Holding costs (11 months)assumed Taxes, insurance, and securing the property at ~$1,064/month.: −$11,699
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$212,700
Maximum bid: $422,632

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. No post-sale redemption. The owner's right ends at 5pm on the last business day before the sale, so the deed conveys without that overhang.
California assesses at full cash value, but Proposition 13 fixes the base year and factors it forward at up to 2%/yr. On a long-held parcel the assessed value can sit far below market, so an ARV derived from it understates the property — get comparable sales before bidding.

1221 N Sycamore Ave Apt 7

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

1221 N Sycamore Ave Apt 7

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment Information

Last Non-Arm's Length Ownership Transfer

Recording Information

Buyer/Seller Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Foreclosure Filings

Area

Fair Market Rents

Tax Assessment Information

Open Mortgages

Mortgage History

Sale History

County records

Los Angeles County rules

Historical comps

Verify before you bid