$1,300,000
SOLD FEB 21, 2014
8 Beds
4 Baths
5,676 Sq Ft
6,895 Sq Ft Lot

Recently Sold

$229 Per Sq Ft

6% Below List Price

22 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Laundry Room

About This Home

As of August 2022

Excellent Location, Excellent Neighborhood. Beautifully maintained Four-Plex full of charm available for sale located in the heart of LA, in high demand Miracle Mile area with building size of 5676 SqFt.2 bedrooms units,1419 SqFt each, featuring high ceiling, hardwood floor, large living room and formal dining room, one unit has fireplace, good size Kitchen and washer and dryer Hook ups. Good closet spaces. The size feel much larger then most single family residence. The units are partially remodeled. It has a new automatic sprinkler system. Each unit has one parking space and an additional parking. Close to transit, Schools ,retail,restaurants.It is perfect for investment or to live in one and rent out other three. Each unit have one full bath, 2 units has an additional half of bath, buyer to independently investigate all matters to fully satisfy themselves. Sold "As Is" Property offers prime LA living within minutes of local restaurants.Future subway plans will only increase value!An incredible opportunity!Must see to appreciate!!

Last Agent to Sell the Property

Hiba Matta

Re/Max Premier Prop SanMarino License #01835638 Listed on: 11/18/2013

Last Buyer's Agent

Kevin Kim

Good Members Investment License #01358939

Good Members Investment

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,563

Year Built

  • Built in 1925

Lot Details

  • 6,895 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • Raised Foundation

Interior Spaces

  • 5,676 Sq Ft Home
  • Living Room with Fireplace
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 373
  • Tax Tract Number 5070
  • Assessor Parcel Number 5084017039

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,400
  • Trash Expense $600
  • Water Sewer Expense $2,400
  • New Taxes Expense $13,000
  • Gross Income $6,200
  • Net Operating Income $54,535

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,563

Year Built

Built in 1925

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5084017039
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Fireplace Features: Living Room
  • Price Per Square Foot: 229.03

Exterior Features

  • Foundation: Raised
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Common Area
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6895.00
  • Lot Size Acres: 0.1580

Multi Family

  • Gross Income: 6200.00
  • Gross Scheduled Income: 74135.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 6895.0000 Square Feet
  • Net Operating Income: 54535.00
  • 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: 19600.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Lot: 373
  • Tax Tract Number: 5070
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2022
Closed on
Jul 26, 2022
Sold by
Hwan Pak Hyong and Im Jong
Bought by
Sung In Yi And Hyong Sun Yi Living Trust
Seller's Agent
Kevin Kim
Good Members Investment
Buyer's Agent
Harry Chung
Hanbada Realty Inc.
List Price
$1,950,000
Sold Price
$1,865,000
Premium/Discount to List
-$85,000
-4.36%
Current Estimated Value
$1,756,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$108,132
Avg. Annual Appreciation
-0.10%
Original Mortgage
$300,000
Outstanding Balance
$287,618
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$1,571,605

Purchase Details

Listed on
Nov 18, 2013
Closed on
Dec 23, 2013
Sold by
Harout Sakaoghli Trust
Bought by
Pak Hyong Hwan and Pak Jong Im
Seller's Agent
Hiba Matta
Re/Max Premier Prop SanMarino
Buyer's Agent
Kevin Kim
Good Members Investment
List Price
$1,388,000
Sold Price
$1,300,000
Premium/Discount to List
-$88,000
-6.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.35%
Original Mortgage
$830,000
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2013
Sold by
Lott Marjorie
Bought by
Sakaoghli Harout and Harout Sakaoghli Trust

Purchase Details

Closed on
Feb 23, 1998
Sold by
Banks Ernest
Bought by
Banks Marjorie
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 Type Sale Price Title Company
Grant Deed $1,865,090 Chicago Title
Grant Deed $1,300,000 Chicago Title
Grant Deed $1,075,000 Orange Coast Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 New Conventional
Previous Owner $750,000 New Conventional
Previous Owner $756,500 New Conventional
Previous Owner $830,000 New Conventional
Previous Owner $475,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2023 08/22/23 Rented $2,950 0.0% --
08/21/2023 08/21/23 Price Changed $2,950 +5.7% $2 / Sq Ft
08/20/2023 08/20/23 For Rent $2,790 0.0% --
08/10/2022 08/10/22 Sold $1,865,000 -1.3% $329 / Sq Ft
07/17/2022 07/17/22 Pending -- -- --
06/17/2022 06/17/22 Price Changed $1,890,000 -3.1% $333 / Sq Ft
03/10/2022 03/10/22 For Sale $1,950,000 +50.0% $344 / Sq Ft
02/21/2014 02/21/14 Sold $1,300,000 -6.3% $229 / Sq Ft
12/10/2013 12/10/13 Pending -- -- --
11/18/2013 11/18/13 For Sale $1,388,000 -- $245 / 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 $23,563 $1,940,346 $1,352,520 $587,826
2024 $23,563 $1,902,300 $1,326,000 $576,300
2023 $23,114 $1,865,000 $1,300,000 $565,000
2022 $18,242 $1,501,700 $1,155,155 $346,545
2021 $17,996 $1,472,255 $1,132,505 $339,750
2019 $17,463 $1,428,589 $1,098,915 $329,674
2018 $17,308 $1,400,578 $1,077,368 $323,210
2016 $16,517 $1,346,194 $1,035,534 $310,660
2015 $16,278 $1,325,974 $1,019,980 $305,994
2014 -- $1,300,000 $900,000 $400,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13233564

California Regional Multiple Listing Service (CRMLS)

APN: 5084-017-039