NOT LISTED FOR SALE

1036 Beacon Ave Los Angeles, CA 90015

Pico-Union Neighborhood

Estimated Value: $1,768,667

18 Beds
11 Baths
6,236 Sq Ft
$284/Sq Ft Est. Value

Sale Details

Date Sold: November 4, 2022

Last sale price $1,250,000 $200 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $10,754 / mo

8 Days on Market

Highlights

  • City View
  • Fireplace in Kitchen
  • West Facing Home
  • Craftsman Architecture

About This Home

As of November 2022

Once in a lifetime Now 100% Vacant 4 Fixer Units with preliminary plans to add 3 ADUs sitting on a large 8,000 SF R-3 Lot with Alley Access. This is a great value, priced at only 278k/door for vacant units with a huge upside to a 10.9% Cap Rate and 7.9 GRM after renovations. Individually metered for Gas & Electricity. Excellent location minutes from Koreatown, DTLA, Crypto.com Arena, and LA Live. Potential to build 1 Attached Studio ADU in the basement plus 2 detached 2-stories 1,005 SF 4 Bed 2 Bath ADUs in the back. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes construction costs of ADUs.

Last Agent to Sell the Property

Julio Ruiz

Global Platinum Properties, Inc. License #01911261 Listed on: 09/01/2022

Co-Listed By

Armin Soleimani

Global Platinum Properties, Inc. License #01846872

Last Buyer's Agent

Colin Lee

Kyu Hyung Lee, Inc. License #02088568

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 8,001 Sq Ft Lot
  • West Facing Home

Home Design

  • Craftsman Architecture

Interior Spaces

  • 6,236 Sq Ft Home
  • 2-Story Property
  • City Views
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 11 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5137-016-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

8,001 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Street Number Display: Yes
  • Advertising Remarks: Once in a lifetime Now 100% Vacant 4 Fixer Units with preliminary plans to add 3 ADUs sitting on a large 8,000 SF R-3 Lot with Alley Access. This is a great value, priced at only 278k/door for vacant units with a huge upside to a 10.9% Cap Rate and 7.9 GRM after renovations. Individually metered for Gas & Electricity. Excellent location minutes from Koreatown, DTLA, Crypto.com Arena, and LA Live. Potential to build 1 Attached Studio ADU in the basement plus 2 detached 2-stories 1,005 SF 4 Bed 2 Bath ADUs in the back. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes construction costs of ADUs.
  • Living Area: 6236
  • Lot Acreage: 0.1837
  • Stories: 2
  • Year Built: 1912
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Kitchen
  • Bedrooms: 18
  • Total Bathrooms: 11.00
  • Price Per S Q F T: 239.74

Exterior Features

  • Direction Faces: West
  • Other Structures: None
  • View: City
  • View: Yes

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 2

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Percent: 6.00
  • Assessed Improvement Value: 25481
  • Assessed Land Percent: 94
  • Assessed Land Value: 399420
  • Total Assessed Value: 424901
  • Assessor Parcel Number: 5137-016-014
  • Lot Size Area: 8001

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 7.88
  • Number Of Units: 7
  • Type Of Units: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2024
Sold by
Bella Assets Llc
Bought by
Current Estimated Value
$1,768,667

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
Outstanding Balance
$486,205
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$1,282,462

Purchase Details

Listed on
Sep 1, 2022
Closed on
Oct 3, 2022
Sold by
North Hills Apartments Llc
Bought by
Bella Assets Llc
Seller's Agent
Julio Ruiz
Global Platinum Properties, Inc.
Buyer's Agent
Colin Lee
Kyu Hyung Lee, Inc.
List Price
$1,495,000
Sold Price
$1,250,000
Premium/Discount to List
-$245,000
-16.39%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.38%
Original Mortgage
$1,125,000
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2021
Sold by
Steffen David N and Steffen Zona Joyce
Bought by
North Hills Apartments Llc and Mapleton Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$820,000
Interest Rate
2.8%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Pico-Union, CA

  • Cindy Ambuehl Real Estate Agent - Christie's International Real Estate SoCal

    Cindy Ambuehl

    Responds Quickly

    Christie's International Real Estate SoCal

    (747) 294-3863

    116 Total Sales

    1 in Pico-Union

    $1,025,000 Price

    Cindy Ambuehl
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  • Lori Alvarez Real Estate Agent - REAL ESTATE RESOLVED

    Lori Alvarez

    REAL ESTATE RESOLVED

    (909) 317-3786

    186 Total Sales

    1 in Pico-Union

    $885,000 Price

    Lori Alvarez
     Section Image
  • Elijah Shin Real Estate Agent - Dream Realty & Investments Inc

    Elijah Shin

    Dream Realty & Investments Inc

    (424) 207-1609

    138 Total Sales

    1 in Pico-Union

    $505,000 Price

    Elijah Shin
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  • Alex Sanchez Real Estate Agent - eXp Realty of Southern California, Inc.

    Alex Sanchez

    eXp Realty of Southern California, Inc.

    (562) 261-0539

    65 Total Sales

    1 in Pico-Union

    $1,250,000 Price

    Alex Sanchez
     Section Image
  • Nancy Domino Real Estate Agent - Pacific Sterling Properties

    Nancy Domino

    Pacific Sterling Properties

    (949) 942-8799

    43 Total Sales

    1 in Pico-Union

    $950,000 Price

    Nancy Domino
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  • Bong Sung Real Estate Agent - Mega Realty

    Bong Sung

    Mega Realty

    (323) 831-8559

    23 Total Sales

    2 in Pico-Union

    $370K - $975K Price Range

    Bong Sung
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,250,000 Stewart Title Of California In
Bella Assets Llc $1,250,000 Stewart Title Of California In
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,125,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/04/2022 11/04/22 Sold $1,250,000 -16.4% $200 / Sq Ft
09/09/2022 09/09/22 Pending -- -- --
09/01/2022 09/01/22 For Sale $1,495,000 -- $240 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $16,412 $1,352,520 $1,160,046 $192,474
2025 $16,412 $1,326,000 $1,137,300 $188,700
2024 $15,883 $1,275,000 $1,086,300 $188,700
2023 $15,583 $1,250,000 $1,065,000 $185,000
2022 $10,319 $835,000 $600,000 $235,000
2021 $5,547 $424,901 $399,420 $25,481
2019 $5,391 $412,560 $387,574 $24,986
2018 $5,315 $404,477 $379,975 $24,502
2016 $5,052 $388,522 $365,221 $23,301
2015 $4,983 $382,687 $359,736 $22,951
2014 $5,027 $375,192 $352,690 $22,502
Source: Public Records

Agents Affiliated with this Home

  • Julio Ruiz Real Estate Agent - Global Platinum Properties, Inc.

    Seller's Agent in 2022

    Julio Ruiz

    Global Platinum Properties, Inc.

    (818) 524-0706

    2 in this area

    45 Total Sales

    Julio Ruiz
    Section Image
  • Armin Soleimani Real Estate Agent - Global Platinum Properties, Inc.

    Seller Co-Listing Agent in 2022

    Armin Soleimani

    Global Platinum Properties, Inc.

    (310) 666-2246

    2 in this area

    62 Total Sales

    Armin Soleimani
    Section Image

  • CL

    Buyer's Agent in 2022

    Colin Lee

    Kyu Hyung Lee, Inc.

    (213) 608-6273

    1 in this area

    23 Total Sales

    Colin Lee
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Map

Source: The MLS

MLS Number: 22-195871

The MLS

APN: 5137-016-014

California Los Angeles County Los Angeles 90015 Pico-Union

1036 Beacon Ave, Los Angeles, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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