NOT LISTED FOR SALE

Estimated Value: $1,177,856 - $1,312,000

4 Beds
4 Baths
3,384 Sq Ft
$358/Sq Ft Est. Value

Last Sold September 10, 2020

Last sale price $895,500 $265 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $7,585/month

98 Days on Market

Highlights

  • Corner Lot
  • Heating Available
  • 5-minute walk to Hoover Recreation Center
  • No HOA

About This Home

As of September 2020

Awesome residential income property in Los Angeles centrally located conveniently near USC and Downtown LA. This spacious property boasts 4 cozy units with current long term tenants. 3 units currently leased out at close to market rent and 1 unit downstairs vacant with opportunity to bring in new tenant at current market rent. This unit is located on corner lot with plenty of street parking and a long side yard with additional parking options. Amazing and rare income opportunity at great convenient location. Located near freeways, entertainment, schools, and shopping centers.

Last Agent to Sell the Property

Elizabeth Do

Keller Williams Realty License #01473012 Listed on: 03/25/2020

Keller Williams Realty

Co-Listed By

Vi Mai-Nguyen

Keller Williams Realty License #01913853

Last Buyer's Agent

Jaime Sanchez

Sync Brokerage License #02027972

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,906

Year Built

  • Built in 1923

Lot Details

  • 4,055 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping
  • Corner Lot

Home Design

  • Quadruplex

Interior Spaces

  • 3,384 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • Driveway
  • On-Street Parking

Utilities

  • Heating Available

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 5124005026

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Maintenance Expense $1,200
  • Other Expense $300
  • Water Sewer Expense $3,600
  • New Taxes Expense $10,656
  • Operating Expense $17,456
  • Gross Income $62,892
  • Net Operating Income $45,436

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,906

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5124005026
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 264.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking Features: Driveway, Street

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Fireplace(s)
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, No Landscaping
  • Lot Size Sq Ft: 4055.00
  • Lot Size Acres: 0.0931

Multi Family

  • Gross Income: 62892.00
  • Gross Scheduled Income: 62892.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 4055.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 45436.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17456.00
  • Other Expense: 300.00
  • Other Expense Description: Housing
  • Rent Control: Yes
  • Total Expenses: 17456.00

Tax Info

  • New Taxes Expense: 10656.00
  • Tax Census Tract: 2244.10
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2020
Closed on
Sep 2, 2020
Sold by
Tom Russell Mark and Tom Sunae Baik
Bought by
Vega Andrew
Seller's Agent
Elizabeth Do
Keller Williams Realty
Buyer's Agent
Jaime Sanchez
Sync Brokerage
List Price
$888,000
Sold Price
$895,500
Premium/Discount to List
$7,500
0.84%
Current Estimated Value
$1,212,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,964
Avg. Annual Appreciation
5.95%
Original Mortgage
$879,279
Outstanding Balance
$783,837
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$410,458

Purchase Details

Closed on
Feb 1, 2013
Sold by
Kim Ok Ja
Bought by
Tom Russell Mark and Tom Sunae Baik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2010
Sold by
Us Bank National Association
Bought by
Kim Ok Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2009
Sold by
Meza Veronica
Bought by
Us Bank National Association

Purchase Details

Closed on
Sep 29, 2006
Sold by
Meza Elvin and Meza Veronica
Bought by
Meza Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,000
Interest Rate
7.98%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 10, 2006
Sold by
Rodriguez Martin
Bought by
Meza Elvin and Meza Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,200
Interest Rate
8.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 26, 2004
Sold by
Rodriguez Sonia
Bought by
Rodriguez Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,400
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 7, 2004
Sold by
Avilez Sylvia Y
Bought by
Avilez Jaime Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,400
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2003
Sold by
Avilez Jaime Joel
Bought by
Rodriguez Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,400
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Vega Andrew $895,500 Lawyers Title Company
Tom Russell Mark $460,000 Title 365
Kim Ok Ja $380,000 Lawyers Title
Us Bank National Association $613,852 Accommodation
Meza Veronica -- Ticor Title Co Glendale
Meza Elvin $669,000 First American Title Co
Rodriguez Martin -- --
Avilez Jaime Joel -- --
Rodriguez Martin $372,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vega Andrew $59,770
Open Vega Andrew $879,279
Previous Owner Tom Russell Mark $345,000
Previous Owner Kim Ok Ja $228,000
Previous Owner Meza Veronica $689,000
Previous Owner Meza Elvin $535,200
Previous Owner Rodriguez Martin $420,000
Previous Owner Rodriguez Martin $260,400
Closed Rodriguez Martin $74,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2020 09/10/20 Sold $895,500 +0.8% $265 / Sq Ft
07/22/2020 07/22/20 For Sale $888,000 0.0% $262 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $888,000 0.0% $262 / Sq Ft
04/23/2020 04/23/20 Pending -- -- --
03/25/2020 03/25/20 For Sale $888,000 -- $262 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,906 $969,315 $757,701 $211,614
2024 $11,906 $950,310 $742,845 $207,465
2023 $11,684 $931,678 $728,280 $203,398
2022 $11,152 $913,410 $714,000 $199,410
2021 $11,002 $895,500 $700,000 $195,500
2020 $6,690 $517,948 $337,793 $180,155
2019 $6,437 $507,793 $331,170 $176,623
2018 $6,342 $497,837 $324,677 $173,160
2016 $6,040 $478,507 $312,070 $166,437
2015 $5,956 $471,320 $307,383 $163,937
2014 $6,000 $462,088 $301,362 $160,726
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20063297

California Regional Multiple Listing Service (CRMLS)

APN: 5124-005-026