NOT LISTED FOR SALE

1020 W 22nd St Los Angeles, CA 90007

University Park Neighborhood

Estimated Value: $1,060,000 - $1,209,000

5 Beds
3 Baths
2,515 Sq Ft
$458/Sq Ft Est. Value

Last Sold June 27, 2016

Last sale price $702,000 $279 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $6,732/month

10 Days on Market

About This Home

As of June 2016

This charming 1912 Queen Anne Victorian duplex & guesthouse is located 4 minutes from USC in the booming University Park HPOZ. The duplex consists of a 1 bed 1 ba unit w/ fireplace on 1st floor & 2nd unit is a 2 story 2 bed 1 ba. The SFR guesthouse has 2 bed & 1 ba. This property has The Mills Act Tax Exemption in place which is currently saving the owner 37% per year on property taxes. All units are individually metered for utilities and have parking. All units are occupied and tenants are paying market value +. Gross monthly income $3,925.00. Located just minutes away from downtown, The Staple Center & the 700 million dollar USC Village development project opening in 2017 which will include a Trader Joe's, dining, entertaining & shopping. Don't miss out on this great investment opportunity in this hot, hot area of LA! Do not disturb tenants. Do not walk on property dog present. Showings by appointment only w/ listing agent. Must send POF & lender pre-approval before showing

Last Agent to Sell the Property

Marisa Tranquilli

Keller Williams Larchmont License #01496558 Listed on: 04/22/2016

Keller Williams Larchmont

Last Buyer's Agent

Jae Taek Lim

Realty ONE Group United License #01941688

Realty ONE Group United

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,010

Year Built

  • Built in 1912

Lot Details

  • 6,211 Sq Ft Lot

Home Design

  • Triplex

Interior Spaces

  • 2,515 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 5 Parking Spaces
  • Driveway

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5124-006-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,010

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: This charming 1912 Queen Anne Victorian duplex & guesthouse is located 4 minutes from USC in the booming University Park HPOZ. The duplex consists of a 1 bed 1 ba unit w/ fireplace on 1st floor & 2nd unit is a 2 story 2 bed 1 ba. The SFR guesthouse has 2 bed & 1 ba. This property has The Mills Act Tax Exemption in place which is currently saving the owner 37% per year on property taxes. All units are individually metered for utilities and have parking. All units are occupied & tenants are paying market value +. Gross monthly income $3,925.00. Located just minutes away from downtown, The Staple Center & the 700 million dollar USC Village development project opening in 2017 which will include a Trader Joe's, dining, entertaining & shopping. Don't miss out on this great investment opportunity in this hot, hot area of LA! Do not disturb tenants. Don't walk on property dog present Showings by appointment only w/ listing agent. Must send POF and lender pre-approval before showing.
  • Living Area: 2515
  • Probate: No
  • Stories: 2
  • Year Built: 1912
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 277.93

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway - Pavers
  • Total Parking: 5

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall
  • Water Expense: 996.00

Fee Information

  • Insurance Expense: 1268.00

Lot Info

  • Assessed Improvement Value: 166000
  • Assessed Land Value: 111000
  • Assessor Parcel Number: 5124-006-017
  • Geocode Override: No
  • Lot Size Area: 6211

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.27
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 6776.24
  • Type Of Units: Triplex
  • Vacancy Rate: 0%

Tax Info

  • Tax Expense: 3912.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2017
Sold by
Kwak Lee Charles and Kwak Lee Juliann
Bought by
Arden Maxwell Llc
Current Estimated Value
$1,152,491

Purchase Details

Listed on
Apr 22, 2016
Closed on
May 12, 2016
Sold by
Waier Mark Eric
Bought by
Kwak Lee Charles and Kwak Lee Juliann
Seller's Agent
Marisa Tranquilli
Keller Williams Larchmont
Buyer's Agent
Jae Taek Lim
Realty ONE Group United
List Price
$699,000
Sold Price
$702,000
Premium/Discount to List
$3,000
0.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$491,400
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2009
Sold by
Waler Enterprises Llc
Bought by
Waier Mark Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$509,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2005
Sold by
Waier Mark Eric
Bought by
Waier Enterprises Llc

Purchase Details

Closed on
Apr 14, 2005
Sold by
House Of Troy Llc
Bought by
Waier Mark Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2003
Sold by
Tsukahira John H and Tsukahira Susan
Bought by
House Of Troy Llc

Purchase Details

Closed on
Jan 14, 2003
Sold by
Turnage Jason C
Bought by
Tsukahira John H and Tsukahira Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,400
Interest Rate
5.76%

Purchase Details

Closed on
Jul 20, 2001
Sold by
Arevalo Laura E
Bought by
Turnage Jason C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,940
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 12, 1999
Sold by
Arevalo Larua E and Orozco Humberto
Bought by
Arevalo Laura E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
9.25%

Purchase Details

Closed on
Oct 24, 1995
Sold by
Orozco Humberto
Bought by
Arevalo Laura E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,812
Interest Rate
7.58%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 23, 1995
Sold by
Castellanos Anita and Villarroel Remedios
Bought by
Arevalo Laura E and Leiva Dora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,812
Interest Rate
7.58%
Mortgage Type
FHA
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
Arden Maxwell Llc -- None Available
Kwak Lee Charles $702,000 Fatcola
Waier Mark Eric -- California Title Company
Waier Enterprises Llc -- None Available
Waier Mark Eric $625,000 Fidelity National Title Co
House Of Troy Llc -- --
Tsukahira John H $358,000 Fidelity National Title Co
Turnage Jason C $198,000 American Title Co
Arevalo Laura E -- Gateway Title Company
Arevalo Laura E -- Investors Title Company
Arevalo Laura E $135,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kwak Lee Charles $491,400
Previous Owner Waier Mark Eric $509,000
Previous Owner Waier Mark Eric $500,000
Previous Owner Tsukahira John H $286,400
Previous Owner Turnage Jason C $194,940
Previous Owner Arevalo Laura E $160,000
Previous Owner Arevalo Laura E $127,812
Closed Waier Mark Eric $62,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2016 06/27/16 Sold $702,000 +0.4% $279 / Sq Ft
05/02/2016 05/02/16 Pending -- -- --
04/22/2016 04/22/16 For Sale $699,000 -- $278 / Sq Ft
Source: The MLS

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 $6,010 $463,000 $133,000 $330,000
2024 $6,010 $463,000 $133,000 $330,000
2023 $6,012 $463,000 $133,000 $330,000
2022 $5,667 $447,000 $129,000 $318,000
2021 $5,688 $447,000 $129,000 $318,000
2020 $5,196 $397,000 $114,000 $283,000
2019 $5,094 $702,000 $202,000 $500,000
2018 $4,090 $314,000 $90,000 $224,000
2017 $3,639 $277,000 $111,000 $166,000
2016 $3,515 $277,000 $111,000 $166,000
2015 $3,575 $277,000 $111,000 $166,000
2014 $3,613 $277,000 $111,000 $166,000
Source: Public Records

Agents Affiliated with this Home

  • Marisa Tranquilli

    Seller's Agent in 2016

    Marisa Tranquilli

    Keller Williams Larchmont

    (213) 247-6130

    15 Total Sales

    Marisa Tranquilli
    Section Image

  • J

    Buyer's Agent in 2016

    Jae Taek Lim

    Realty ONE Group United

    Section Image
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Map

Source: The MLS

MLS Number: 16-115230

The MLS

APN: 5124-006-017

California Los Angeles County Los Angeles 90007 University Park

1020 W 22nd St, Los Angeles, CA

This home is located at 1020 W 22nd St, Los Angeles, CA 90007 since 22 April 2016 and is currently estimated at $1,152,491, approximately $458 per square foot. This property was built in 1912. 1020 W 22nd St is a home located in Los Angeles County with nearby schools including Norwood Street Elementary School, John Adams Middle School, and West Adams Preparatory High School.

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