NOT LISTED FOR SALE

1068 E 48th St Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $1,962,845

6 Beds
1 Bath
300 Sq Ft
$6,543/Sq Ft Est. Value

About This Home

As of July 2020

Recently remodeled lower level studio. New bathroom, new kitchen and new appliances.

Last Agent to Rent the Property

Sonny Tan

Pinnacle Real Estate Group License #01201341 Listed on: 04/06/2020

Pinnacle Real Estate Group

Last Renter's Agent

Sonny Tan

Pinnacle Real Estate Group License #01201341 Listed on: 04/06/2020

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 0.31

Parking

  • On-Street Parking

Home Design

  • Studio

Interior Spaces

  • 300 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Additional Features

  • Exterior Lighting
  • Two or More Common Walls
  • Septic Type Unknown

Community Details

  • No Home Owners Association
  • 14 Units

Listing and Financial Details

  • Security Deposit $995
  • Rent includes water
  • 12-Month Minimum Lease Term
  • Available 4/15/20
  • Legal Lot and Block 2 / A
  • Tax Tract Number 6659
  • Assessor Parcel Number 5108021001

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2020-04-15
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 995
  • Furnished: Unfurnished
  • Total Move In Costs: 1990.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • View: No
  • Zoning: LAC2
  • Property Sub Type: Studio
  • Property Type: Residential Lease
  • Parcel Number: 5108021001
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 300.00 Square Feet
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Laundry: No
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Number Of Units Total: 14
  • Rent Includes: Water

Tax Info

  • Tax Block: A
  • Tax Census Tract: 2292.00
  • Tax Lot: 2
  • Tax Tract Number: 6659

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2013
Sold by
Salim Toupan Tommy and Minah Lince
Bought by
Seven Central Llc
Current Estimated Value
$1,962,845

Purchase Details

Closed on
Jan 30, 2013
Sold by
Gang Moon Kim and Gang Family Revocable Trust
Bought by
Salim Toupan Tommy and Minah Lince

Purchase Details

Closed on
Apr 4, 2008
Sold by
The Gang Family Revocable Trust
Bought by
Gang Moon Kim and The Gang Family Revocable Trus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 17, 2006
Sold by
Gang Moon Kim
Bought by
The Gang Family Revocable Trust

Purchase Details

Closed on
Mar 30, 2005
Sold by
Torres Jorge C and Torres Rosa Maria
Bought by
Gang Moon Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.6%
Mortgage Type
Construction
Source: Public Records

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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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
Seven Central Llc -- None Available
Salim Toupan Tommy $850,000 Chicago Title Company
Gang Moon Kim -- Chicago Title Company
The Gang Family Revocable Trust -- None Available
Gang Moon Kim $1,000,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gang Moon Kim $675,000
Previous Owner Gang Moon Kim $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2020 07/20/20 Rented $995 0.0% --
07/18/2020 07/18/20 Under Contract -- -- --
07/17/2020 07/17/20 Off Market $995 -- --
07/13/2020 07/13/20 Price Changed $995 -17.1% $3 / Sq Ft
04/06/2020 04/06/20 For Rent $1,200 -- --
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 $23,743 $1,894,254 $1,179,850 $714,404
2024 $23,743 $1,857,113 $1,156,716 $700,397
2023 $23,300 $1,820,700 $1,134,036 $686,664
2022 $22,253 $1,785,000 $1,111,800 $673,200
2021 $12,738 $966,995 $460,744 $506,251
2020 $12,849 $957,081 $456,020 $501,061
2019 $12,382 $938,316 $447,079 $491,237
2018 $12,128 $919,918 $438,313 $481,605
2016 $11,514 $884,198 $421,294 $462,904
2015 $11,357 $870,917 $414,966 $455,951
2014 $11,501 $1,506,809 $678,064 $828,745
Source: Public Records

Agents Affiliated with this Home

  • S

    Landlord's Agent in 2020

    Sonny Tan

    Pinnacle Real Estate Group

    (626) 584-6300

    1 in this area

    51 Total Sales

    Sonny Tan
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20069664

California Regional Multiple Listing Service (CRMLS)

APN: 5108-021-001

California Los Angeles County Los Angeles 90011 South Park

1068 E 48th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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