NOT LISTED FOR SALE

1048 S Orange Dr Los Angeles, CA 90019

Miracle Mile Neighborhood

Estimated Value: $1,546,000 - $2,364,845

8 Beds
4 Baths
5,600 Sq Ft
$358/Sq Ft Est. Value

Last Sold December 02, 2019

Last sale price $1,850,000 $330 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $13,092/month

104 Days on Market

About This Home

As of December 2019

We are pleased to present 1048 S. Orange Dr., located in Los Angeles, California. Built in 1926 and renovated in 1984 and 2009, the property is comprised of four large 2 bedroom / 1 bathroom units that are approximately 1,400 SF each. For future redevelopment, it is important to note that the lot, at over 11,000 square feet, represents one of the bigger lots in the tract. The stunning property is a wood framed structure with full brick veneer, hardwood floors and crown moldings. A true value add opportunity, the property is 35% below market, allowing an investor immense upside in a strong rental market. Its combination of architectural character and prime location make it a valuable asset for acquisition by an owner/user or a blue chip investment for your portfolio.Amenities: Each unit has its own HVAC system, its own laundry room with a washer & dryer hookup, decorative fireplace mantel and formal dining room.

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 06/26/2019

Last Buyer's Agent

Paul Yoo

Keller Williams Larchmont License #01274972

Keller Williams Larchmont

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,614

Year Built

  • Built in 1926

Lot Details

  • 0.25 Acre Lot

Parking

  • 4 Parking Spaces

Interior Spaces

  • 5,600 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5084-011-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,614

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5600
  • Stories: 2
  • Year Built: 1926
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 375.00

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 4

Lot Info

  • Assessed Improvement Value: 45603
  • Assessed Land Value: 65888
  • Assessor Parcel Number: 5084-011-029
  • Geocode Override: No
  • Lot Size Area: 11011

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.85
  • Number Of Units: 4
  • Total Annual Expense: 42864
  • Type Of Units: Standard
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2019
Closed on
Nov 1, 2019
Sold by
Ginsberg Bertrand I and Ginsberg Benita A
Bought by
Nam Hyun Ho and Kim Soo Young
Seller's Agent
Filip Niculete
Marcus & Millichap
Buyer's Agent
Paul Yoo
Keller Williams Larchmont
List Price
$2,100,000
Sold Price
$1,850,000
Premium/Discount to List
-$250,000
-11.9%
Current Estimated Value
$2,026,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,470
Avg. Annual Appreciation
1.43%
Original Mortgage
$1,387,500
Interest Rate
5.75%

Purchase Details

Closed on
Apr 9, 2019
Sold by
Ginsberg Bertrand I and Ginsberg Benita A
Bought by
Jewish Cmnty Fndn Of Jewish Federation C

Purchase Details

Closed on
Aug 30, 2017
Sold by
Bnsla
Bought by
Ginsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.86%

Purchase Details

Closed on
Nov 12, 2014
Sold by
Gadeh Laetitia
Bought by
Gadeh Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$967,950
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2014
Sold by
Ginsberg Aubrey S
Bought by
Ginsberg Aubrey Soble and The Aubrey S Ginsberg Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$967,950
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2014
Sold by
Barron Catherine Ann
Bought by
Katri Jack and Gadeh Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$967,950
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2012
Sold by
Barron Catherine Ann
Bought by
Barron Catherine Ann and Catherine Ann Barron Revocable Trust

Purchase Details

Closed on
Jun 26, 2012
Sold by
Barron Catherine A
Bought by
Barron Catherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
3.74%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Feb 3, 2006
Sold by
Ginsberg Bertrand I
Bought by
Ginsberg Bertrand I

Purchase Details

Closed on
Jul 18, 1994
Sold by
Ginsberg Bertrand I and Ginsberg Aubrey S
Bought by
Ginsberg Bertrand I
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Nam Hyun Ho $1,850,000 Ticor Title Company Of Ca
Jewish Cmnty Fndn Of Jewish Federation C -- None Available
Ginsb -- --
Gadeh Marc -- Chicago Title Company
Ginsberg Aubrey Soble -- None Available
Katri Jack $1,425,000 Chicago Title Company
Barron Catherine Ann -- None Available
Barron Catherine A -- Placer Title Company
Ginsberg Bertrand I -- None Available
Ginsberg Bertrand I $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nam Hyun Ho $1,411,000
Closed Nam Hyun Ho $1,387,500
Previous Owner Ginsb --
Previous Owner Katri Jack $967,950
Previous Owner Barron Catherine A $938,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2019 12/02/19 Sold $1,850,000 -11.9% $330 / Sq Ft
10/08/2019 10/08/19 Pending -- -- --
08/30/2019 08/30/19 For Sale $2,100,000 0.0% $375 / Sq Ft
08/15/2019 08/15/19 Pending -- -- --
06/26/2019 06/26/19 For Sale $2,100,000 -- $375 / 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 $24,614 $2,023,241 $1,531,102 $492,139
2024 $24,614 $1,983,571 $1,501,081 $482,490
2023 $24,145 $1,944,679 $1,471,649 $473,030
2022 $23,037 $1,906,549 $1,442,794 $463,755
2021 $22,738 $1,869,166 $1,414,504 $454,662
2019 $2,128 $115,994 $68,549 $47,445
2018 $1,969 $113,720 $67,205 $46,515
2016 $1,831 $109,306 $64,597 $44,709
2015 $1,812 $107,665 $63,627 $44,038
2014 $1,850 $105,557 $62,381 $43,176
Source: Public Records

Agents Affiliated with this Home

  • Filip Niculete

    Seller's Agent in 2019

    Filip Niculete

    Marcus & Millichap

    (818) 357-9525

    1 in this area

    105 Total Sales

    Section Image
  • Paul Yoo

    Buyer's Agent in 2019

    Paul Yoo

    Keller Williams Larchmont

    (213) 616-1714

    39 Total Sales

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Map

Source: The MLS

MLS Number: 19-482624

The MLS

APN: 5084-011-029

California Los Angeles County Los Angeles 90019 Miracle Mile

1048 S Orange Dr, Los Angeles, CA

This home is located at 1048 S Orange Dr, Los Angeles, CA 90019 since 26 June 2019 and is currently estimated at $2,006,711, approximately $358 per square foot. This property was built in 1926. 1048 S Orange Dr is a home located in Los Angeles County with nearby schools including Wilshire Crest Elementary School, John Burroughs Middle School, and Los Angeles Senior High School.

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