$1,865,000
SOLD AUG 10, 2022
8 Beds
4 Baths
5,676 Sq Ft
6,895 Sq Ft Lot

Recently Sold

$329 Per Sq Ft

4% Below List Price

129 Days on Market

Highlights

  • Fireplace in Bathroom
  • Views
  • Floor Furnace
  • Wood Flooring

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, aprx.1,400 Sq/Ft each unit, 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. 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. Future subway plans will only increase value! An incredible opportunity! Must see to appreciate!!

Last Agent to Sell the Property

Kevin Kim

Good Members Investment License #01358939 Listed on: 03/10/2022

Good Members Investment

Last Buyer's Agent

Harry Chung

Hanbada Realty Inc. License #01999369

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,563

Year Built

  • Built in 1925

Lot Details

  • 6,895 Sq Ft Lot

Home Design

  • Split Level Home
  • Flat Roof Shape

Interior Spaces

  • 5,676 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Gas Fireplace
  • Vertical Blinds
  • Window Screens
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Property Views

Kitchen

  • Dishwasher
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • Carport

Utilities

  • Floor Furnace
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5084-017-039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,563

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 5676
  • Lot Acreage: 0.1583
  • Stories: 2
  • Year Built: 1925
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Bath, Dining, Electric, Gas, Kitchen, Living Room
  • Flooring: Hardwood, Carpet
  • Appliances: Gas, Electric
  • Bedrooms: 8
  • Bathroom Features: Tile
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Dishwasher, Gas Dryer Hookup, Garbage Disposal
  • Price Per S Q F T: 332.98
  • Windows: Vertical Blinds, Window Blinds, Screens

Exterior Features

  • Other Structures: None
  • Roof: Flat
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Parking Garage: Carport, Parking Space
  • Total Parking: 5

Utilities

  • Water Heater: Gas
  • Heating: Floor Furnace, Wall
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Connected and Paid
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 23.08
  • Assessed Improvement Value: 339750
  • Assessed Land Percent: 76.92
  • Assessed Land Value: 1132505
  • Total Assessed Value: 1472255
  • Assessor Parcel Number: 5084-017-039
  • Lot Size Area: 6895

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 20.14
  • Number Of Units: 4
  • Total Annual Expense: 34778
  • Type Of Units: 4 unit APT.
  • Vacancy Rate: 25%

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
$1,859,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,777
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

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Range of Values:

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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: 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 $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: The MLS

MLS Number: 22-135249

The MLS

APN: 5084-017-039