NOT LISTED FOR SALE

Estimated Value: $1,240,000 - $1,686,000

10 Beds
6 Baths
3,964 Sq Ft
$359/Sq Ft Est. Value

Last Sold July 12, 2023

Last sale price $1,150,000 $290 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $8,764/month

Highlights

  • Park or Greenbelt View
  • Side by Side Parking
  • South Facing Home
  • Fenced Yard
  • Laundry Room

About This Home

As of July 2023

We are proud to present this incredible value-add opportunity just steps away from USC, the home of the Trojans! With almost 4000 square feet of living space, this turn-of-the-century 3+2 Dutch Colonial Revival Single Family Home + attached 1989-built 3-unit compound sits on a massive 6840 sqft lot in the highly coveted DPS Patrol Zone and North University Park Historic Preservation Zone within the Historic West Adams District. In total, there are 10 Bedrooms, 6 Baths. 4 car on-site parking with potentially 8 in tandem. While the property requires substantial renovations, there is excellent potential to add significant value by restoring it to its former glory. Additionally, with the upcoming 2028 Los Angeles Olympic Games, the property is situated in an amazing location that is sure to be the envy of all visitors. Walking distance to campus and University Village - providing easy access to all of USC's landmarks, academic buildings, and also near the Lucas Museum & LA Memorial Coliseum. Only a short distance to Crypto.com Arena, the Natural History Museum, and the ever exciting and massive L.A. Live entertainment complex! Only 13.5 miles to famous Santa Monica Pier. Conveniently located near both I-10 & 110 freeways. This property is ideal for experienced owner-users, rental operators, vacation rental operators, and savvy investors/developers looking to capitalize on the perennial appeal of the USC community, central location and all the wonderful surrounding features and amenities. Front house is listed as a "potential contributor" on the Historic Resources Inventory database, possibly qualifying for the Mills Act property tax reduction. Property is fully occupied. Sold As-Is.

Last Agent to Sell the Property

Cesar Marquez

Coldwell Banker Realty License #00992163 Listed on: 06/27/2023

Coldwell Banker Realty

Last Buyer's Agent

Cesar Marquez

Coldwell Banker Realty License #00992163 Listed on: 06/27/2023

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,391

Year Built

  • Built in 1899

Lot Details

  • 6,840 Sq Ft Lot
  • Lot Dimensions are 50x137
  • South Facing Home
  • Fenced Yard

Home Design

  • Fixer Upper
  • Shingle Roof

Interior Spaces

  • 3,964 Sq Ft Home
  • 2-Story Property
  • Park or Greenbelt Views
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Side by Side Parking
  • Tandem Parking
  • Unassigned Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Sewer in Street

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5055-030-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,391

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 3964
  • Lot Acreage: 0.1570
  • Lot Dimensions: 50x137
  • Probate: No
  • Property Condition: Fixer
  • Stories: 2
  • Year Built: 1899
  • Number Of Photos: 32
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Common Walls: Attached
  • Laundry: Room
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 290.11

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Roof: Shingle
  • Spa Yn: No
  • View: Park, Green Belt
  • View: Yes

Garage/Parking

  • Other Spaces: 8
  • Garage Structures: 0
  • Parking Garage: Unassigned, Uncovered, Side By Side, Tandem
  • Total Parking: 8

Utilities

  • Heating: Wall Gas
  • Sewer: In Street
  • Water: Water District
  • Water Heaters: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Percent: 83.59
  • Assessed Improvement Value: 188174
  • Assessed Land Percent: 16.41
  • Assessed Land Value: 36934
  • Total Assessed Value: 225108
  • Assessor Parcel Number: 5055-030-005
  • Lot Description: Yard, Street Paved, Street Asphalt, Sidewalks, Front Yard, Fenced Yard, Alley Paved
  • Lot Location: Alley Access
  • Lot Size Area: 6840

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: 4
  • Vacancy Rate: 0

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2001
Sold by
Watts Luz Campana
Bought by
Watts Luz Campana and The Luz Campana Watts Trust
Current Estimated Value
$1,421,333
Source: Public Records

Range of Values:

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Average Value
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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
Watts Luz Campana -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2023 07/12/23 Sold $1,150,000 0.0% $290 / Sq Ft
06/27/2023 06/27/23 For Sale $1,150,000 0.0% $290 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
06/22/2023 06/22/23 Off Market $1,150,000 -- --
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 $14,391 $1,173,000 $703,800 $469,200
2024 $14,391 $1,150,000 $690,000 $460,000
2023 $3,268 $229,609 $37,672 $191,937
2022 $3,137 $225,108 $36,934 $188,174
2021 $3,073 $220,695 $36,210 $184,485
2020 $3,095 $218,433 $35,839 $182,594
2019 $2,990 $214,151 $35,137 $179,014
2018 $2,886 $209,953 $34,449 $175,504
2016 $2,721 $201,802 $33,112 $168,690
2015 $2,685 $198,772 $32,615 $166,157
2014 $2,721 $194,880 $31,977 $162,903
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-281387

The MLS

APN: 5055-030-005