1507 1/2 W 24th St

Los Angeles, California, 90007

Tax DeedpendingSells Oct 20, 2026 · in 10 days

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Beds: 1
Baths: 1
SqFt: 392
Lot Size: 725
Year Built: 1925
APN: 5118-020-011

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Absentee (Out of State)
Length of Ownership: 18 Years 3 Months
Purchase Method: Cash Purchase
County: Los Angeles

Value

Estimated Value: $629,000
Assessed Value: $204,370; 2025

Mortgage & Debt

Open Mortgages: 0
Estimated Balance: $0
Lien Flags: None recorded; RealEstateAPI flags · not a lien search
Tax Delinquent Since: 2016

Last Sale

Public Record: $28,008; 05/28/2008
Document Type: Trustees Deed

Opportunity

Opening Bid: $44,206
Bid / Value: 7%; of $629,000
Property Tax 2025: $2,512; annual bill · not the amount owed
Equity (est.): $629,000; 100%
Monthly Rent: $1,747; Suggested rent
Gross Yield: 3.33%
Linked Properties: 4

Opening bid

$44,206

Assessed value

$204,370

Land $146,583Improvement $57,787

Market / AVM

$629,000

Property tax 2025

$2,512

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Bank Of America
Mailing Address: 101 E Main St, Louisville, KY 40202
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Bedrooms: 1
Total Bathrooms: 1
Heating Type

Deal analysis

Recorded	Document	Notice	Default Amount	Lender	Trustee	Trustee Phone	Active
06/29/2015	Notice of Default	NOD	$162,194		LAW OFFICES OF LES ZIEVE	714-848-7920	No
10/07/2015	Notice of Rescission	NR					No
02/04/2008	Notice of Default	NOD	$3,476	NOT GIVEN			No

Recorded	Amount	Type	Lender	Term	Maturity	Doc #	Open
02/20/2007	$24,000	Stand Alone Second / Subordinate position	Bank Of America Na	180	03/01/2022	07-0360842	No
06/13/2006	$30,000	Unknown	Jerry Uwnawich			06-1304300	No

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
05/28/2008	06/02/2008	$28,008	Trustees Deed	08-0964821	Yes	Cash Purchase	Bank Of America Na	Patricia Benitez Lopez
01/19/2007	02/20/2007	$240,000	Grant Deed	07-0360840	Yes	Financed	Patricia Benitez Lopez	Lizbeth Gonzalez
04/27/2006	07/12/2006	$120,000	Grant Deed	06-1535407	Yes	Financed	Lizbeth Gonzalez	Elmer J Canales
05/06/2004	05/17/2004	$45,000	Grant Deed	04-1238199	Yes	Cash Purchase	Elmer J Canales	Lillie M Jackson Phd
03/22/2004	05/17/2004

Your maximum bid

$374,352

Walk away above this. Projected profit at the ceiling: $188,700 (30% of ARV).

Opening bid $44,206

Room to bid $330,146

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

History-guided suggestion

$149,311

Under max by $225,041

≤ 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 $374,352 — 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 $629,000. 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: $629,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$50,320
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 ~$944/month.: −$10,379
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): −$188,700
Maximum bid: $374,352

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.

1507 1/2 W 24th St

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

1507 1/2 W 24th St

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

Mortgage History

Sale History

County records

Los Angeles County rules

Historical comps

Verify before you bid