NOT LISTED FOR SALE

Estimated Value: $1,283,000 - $1,427,983

5 Beds
4 Baths
2,380 Sq Ft
$571/Sq Ft Est. Value

Last Sold June 10, 2021

Last sale price $1,170,000 $492 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $8,622/month

17 Days on Market

About This Home

As of June 2021

MAJOR PRICE REDUCTION and HIGH VALUE Investment in the heart of Koreatown. This duplex is zoned R4 and has strong development opportunities. Very high rental demand area and is considered a walker’s paradise! Close to many businessese and daily errands do not require a car. This investment property has a lot of pride of ownership. The current owner has upgraded the roof, electrical and gas pipes all within the last two years! Both units are remodeled and well maintained. The units have fresh paint, updated windows, newer laminate floors and updated cabinets. All units are rent ready! One unit is 3 bed and 2 bath and second unit is 2 bed 1 bath. There is also a studio. Owner is currently receiving three rental incomes. Great price and value! This investment opportunity won’t last!

Last Agent to Sell the Property

Mark Perez

Circle Real Estate License #01279393 Listed on: 04/01/2021

Circle Real Estate

Co-Listed By

Sergio Orzynski

Keller Williams Pacific Estate License #01998128

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,270

Year Built

  • Built in 1905

Lot Details

  • 5,907 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,380 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 16 / 21
  • Tax Tract Number 2133
  • Assessor Parcel Number 5078015016

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $200
  • Trash Expense $1,200
  • Water Sewer Expense $500
  • New Taxes Expense $2,000
  • Operating Expense $17,000
  • Gross Income $63,600
  • Net Operating Income $42,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,270

Year Built

Built in 1905

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 500.00
  • Zoning: LAR4
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5078015016
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Price Per Square Foot: 491.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • 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: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5907.00
  • Lot Size Acres: 0.1356

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Garage Income: 350.00
  • Gross Income: 63600.00
  • Gross Scheduled Income: 59400.00
  • Insurance Expense: 200.00
  • Lot Size Area: 5907.0000 Square Feet
  • Net Operating Income: 42400.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 17000.00
  • Rent Control: Yes
  • Total Expenses: 17000.00

Tax Info

  • New Taxes Expense: 2000.00
  • Tax Block: 21
  • Tax Census Tract: 2133.10
  • Tax Lot: 16
  • Tax Tract Number: 2133.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2021
Closed on
Jun 3, 2021
Sold by
Kim Yun
Bought by
Kim Susie H
Seller's Agent
Mark Perez
Circle Real Estate
List Price
$1,199,000
Sold Price
$1,170,000
Premium/Discount to List
-$29,000
-2.42%
Current Estimated Value
$1,359,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,246
Avg. Annual Appreciation
3.60%
Original Mortgage
$805,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2021
Closed on
Apr 21, 2021
Sold by
Mayhew Blanca Ann and Volz John Martin
Bought by
Kim Susie H
Seller's Agent
Mark Perez
Circle Real Estate
List Price
$1,199,000
Sold Price
$1,170,000
Premium/Discount to List
-$29,000
-2.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$805,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 3, 2019
Closed on
Aug 15, 2019
Sold by
Mayhew Bianca Ann
Bought by
Mayhew Bianca Ann and Volz John Martin
Seller's Agent
Jenny Kang
Bee Investment, Inc.
Buyer's Agent
Shanell Lee
WIN Realty & Properties
List Price
$1,290,000
Sold Price
$1,275,000
Premium/Discount to List
-$15,000
-1.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.64%
Original Mortgage
$800,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 3, 2019
Closed on
Jul 5, 2019
Sold by
Sun Seung Pil
Bought by
Mayhew Bianca Ann
Seller's Agent
Jenny Kang
Bee Investment, Inc.
Buyer's Agent
Shanell Lee
WIN Realty & Properties
List Price
$1,290,000
Sold Price
$1,275,000
Premium/Discount to List
-$15,000
-1.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 18, 2016
Closed on
Sep 16, 2016
Sold by
Lee Daniel Joonyoung and Key Branden
Bought by
Sun Seung Pil
Seller's Agent
Yong Kim
Beta One Realty & Investment Inc.
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$998,000
Sold Price
$989,000
Premium/Discount to List
-$9,000
-0.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.46%
Original Mortgage
$530,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2016
Sold by
Lee Daniel Joonyoung and Key Branden
Bought by
Lee Daniel Joonyoung and Key Branden

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 7, 2014
Sold by
Lee Daniel Joonyoung
Bought by
Lee Daniel Joonyoung and Key Branden

Purchase Details

Listed on
Jan 5, 2014
Closed on
Feb 19, 2014
Sold by
Key Joon Wan
Bought by
Lee Daniel Joonyoung
Seller's Agent
Yong Kim
Beta One Realty & Investment Inc.
Buyer's Agent
Yong Kim
Beta One Realty & Investment Inc.
List Price
$589,000
Sold Price
$490,000
Premium/Discount to List
-$99,000
-16.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.26%
Original Mortgage
$392,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 15, 2012
Closed on
Dec 12, 2012
Sold by
Key Myoung Ja
Bought by
Key Joon Wan
Seller's Agent
Myung Shin
Max Mega Group
Buyer's Agent
David Kim
WIN Realty & Properties
List Price
$375,000
Sold Price
$360,000
Premium/Discount to List
-$15,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.57%

Purchase Details

Closed on
Oct 10, 2012
Sold by
Byoun Young Kil
Bought by
Key Joon Wan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
3.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2009
Sold by
Byoun Tai Ja
Bought by
Byoun Young Kil

Purchase Details

Closed on
Feb 22, 2007
Sold by
Byoun Tai Ja
Bought by
Byoun Tai Ja and Byoun Young Kil

Purchase Details

Closed on
Oct 12, 2005
Sold by
Araujo Gloria
Bought by
Byoun Tai Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 15, 2005
Sold by
Byoun Young Kil
Bought by
Byoun Tai Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,500
Interest Rate
1.95%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 5, 2002
Sold by
Oye Joe R and Oye Mary Y
Bought by
Araujo Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
6.06%
Source: Public Records

Range of Values:

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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
Kim Susie H -- Fidelity National Title
Kim Susie H $1,170,000 Fidelity National Title
Mayhew Bianca Ann -- Usa National Title Co Inc
Mayhew Bianca Ann $1,275,000 Usa National Title Co Inc
Sun Seung Pil $989,000 Chicago Title Company
Lee Daniel Joonyoung -- None Available
Lee Daniel Joonyoung -- None Available
Kim Joo Bong -- None Available
Lee Daniel Joonyoung $490,000 Fidelity Sherman Oaks
Key Joon Wan -- Fidelity Van Nuys
Key Joon Wan $360,000 Fidelity Van Nuys
Byoun Young Kil -- None Available
Byoun Tai Ja -- None Available
Byoun Tai Ja $710,000 --
Byoun Tai Ja -- Lawyers Title Company
Araujo Gloria $322,500 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Susie H $200,000
Previous Owner Kim Susie H $805,000
Previous Owner Mayhew Bianca Ann $535,000
Previous Owner Mayhew Bianca Ann $635,000
Previous Owner Mayhew Bianca Ann $800,000
Previous Owner Sun Seung Pil $530,000
Previous Owner Key Branden $150,000
Previous Owner Kim Joo Bong $42,500
Previous Owner Lee Daniel Joonyoung $392,000
Previous Owner Key Joon Wan $216,000
Previous Owner Byoun Young Kil $100,000
Previous Owner Byoun Young Kil $250,000
Previous Owner Byoun Young Kil $487,000
Previous Owner Byoun Tai Ja $100,000
Previous Owner Byoun Tai Ja $547,500
Previous Owner Araujo Gloria $258,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2021 06/10/21 Sold $1,170,000 -2.4% $492 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $1,199,000 -6.0% $504 / Sq Ft
08/21/2019 08/21/19 Sold $1,275,000 -1.2% $1,262 / Sq Ft
08/07/2019 08/07/19 Pending -- -- --
06/03/2019 06/03/19 For Sale $1,290,000 +30.4% $1,277 / Sq Ft
10/31/2016 10/31/16 Sold $989,000 -0.9% $625 / Sq Ft
09/21/2016 09/21/16 For Sale $998,000 0.0% $631 / Sq Ft
09/07/2016 09/07/16 Pending -- -- --
08/02/2016 08/02/16 Price Changed $998,000 -15.4% $631 / Sq Ft
05/30/2016 05/30/16 Price Changed $1,180,000 -6.3% $746 / Sq Ft
05/28/2016 05/28/16 Price Changed $1,260,000 +27.5% $796 / Sq Ft
05/26/2016 05/26/16 For Sale $988,000 -0.1% $625 / Sq Ft
05/16/2016 05/16/16 Off Market $989,000 -- --
04/18/2016 04/18/16 For Sale $988,000 +101.6% $625 / Sq Ft
02/27/2014 02/27/14 Sold $490,000 -16.8% $310 / Sq Ft
01/07/2014 01/07/14 Pending -- -- --
01/05/2014 01/05/14 For Sale $589,000 +63.6% $372 / Sq Ft
12/19/2012 12/19/12 Sold $360,000 -4.0% $228 / Sq Ft
05/17/2012 05/17/12 Pending -- -- --
05/15/2012 05/15/12 For Sale $375,000 -- $237 / 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 $15,270 $1,266,444 $974,188 $292,256
2024 $15,270 $1,241,613 $955,087 $286,526
2023 $14,978 $1,217,268 $936,360 $280,908
2022 $14,286 $1,193,400 $918,000 $275,400
2021 $15,501 $1,288,208 $964,893 $323,315
2020 $15,661 $1,275,000 $955,000 $320,000
2019 $2,398 $1,028,955 $721,829 $307,126
2018 $12,295 $1,008,780 $707,676 $301,104
2016 $6,087 $500,452 $306,400 $194,052
2015 $5,999 $492,936 $301,798 $191,138
2014 $4,546 $361,633 $220,998 $140,635
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21062319

California Regional Multiple Listing Service (CRMLS)

APN: 5078-015-016