NOT LISTED FOR SALE

1117 Cornwell St Los Angeles, CA 90033

Estimated Value: $975,000 - $1,329,000

4 Beds
4 Baths
2,511 Sq Ft
$455/Sq Ft Est. Value

Last Sold November 20, 2020

Last sale price $912,000 $363 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,219/month

13 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Property is near public transit
  • Spanish Architecture
  • Abraham Lincoln High School Rated A
  • Wood Flooring
  • Granite Countertops

About This Home

As of November 2020

Turnkey 4 freestanding units 1 block from the LAC + USC Medical Center. This complex combines the best of 1930s vintage style with charming built-ins, plaster walls & curved doorways, updated with features like double-pane windows & newer exterior paint. 3 out of the 4 units have been remodeled with newer laminate flooring, granite countertops, kitchen cabinets, bathroom sink/vanity, water heaters & ceiling fans. Fenced front yard with a drip system & paved patio welcomes you onto the property. Decomposed granite installed in the front yard & in between each unit provides attractive, easy care landscaping. 4 one-car garages (+ 1 parking space in front of each garage). 3 front units (1117, 1117 ½, 1119) have identical floor plans with a cute entryway leading into the living room, dining area & storage room which opens out onto a patio area. The living room hallway leads into the bedroom & attached bathroom. The last unit (1119 ½) is located above the garage & boasts a large sunroom, expansive kitchen & living room with a bedroom & bathroom - enough space to reconfigure to a 2 bedroom unit. You can live in 1 unit & collect passive income, as 3 units have market rents. Potential for a laundry room under stairs with convenient gas & electric connections. Desirable, rapidly gentrifying location with convenient access to freeways, Boyle Heights's trendy retail & restaurants. Click on the Supplements for floor plans & lists of improvements per unit. Please do not disturb tenants.

Last Agent to Sell the Property

Amy Lam

RE/MAX MASTERS REALTY License #01495301 Listed on: 10/08/2020

RE/MAX MASTERS REALTY

Last Buyer's Agent

James Adner

Keller Williams Realty License #01716093

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,111

Year Built

  • Built in 1938 | Remodeled

Lot Details

  • 5,759 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Security Fence
  • Wrought Iron Fence
  • Chain Link Fence
  • Fence is in excellent condition
  • Drip System Landscaping
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Front Yard

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Driveway
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Spanish Architecture
  • Turnkey
  • Flat Roof Shape
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Concrete Perimeter Foundation
  • Plaster
  • Stucco

Interior Spaces

  • 2,511 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Double Pane Windows
  • Awning
  • Window Screens
  • Living Room

Kitchen

  • Gas Range
  • Granite Countertops
  • Tile Countertops
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Home Security

  • Home Security System
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Halls are 36 inches wide or more
  • Doors swing in
  • Doors are 32 inches wide or more
  • No Interior Steps
  • Low Pile Carpeting
  • Accessible Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • High-Efficiency Water Heater
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, trash collection
  • Tax Lot 145
  • Assessor Parcel Number 5201010032

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $250
  • Insurance Expense $2,069
  • Maintenance Expense $500
  • Pest Control $250
  • Water Sewer Expense $2,776
  • New Taxes Expense $1,867
  • Operating Expense $5,357

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,111

Year Built

Built in 1938 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: Mark Peterson
  • Other Phone Number: 626.253.2202
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Security Lights, Security System, Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2776.00
  • Zoning: LAR3
  • Architectural Style: Spanish
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 250.00
  • Parcel Number: 5201010032
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Granite Counters, Laminate Counters, Tile Counters
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl, Wood
  • Accessibility Features: 32 Inch Or More Wide Doors, 36 Inch Or More Wide Halls, Doors - Swing In, Low Pile Carpeting, No Interior Steps, Parking
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 363.20
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Foundation: Concrete Perimeter, Pillar/Post/Pier
  • Exterior Features: Awning(s), Lighting, Rain Gutters
  • Fence: Yes
  • Fencing: Chain Link, Excellent Condition, Fair Condition, Security, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Flat
  • Spa: No
  • Construction Materials: Plaster, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Assigned, Driveway, Concrete, Garage, Off Street, On Site, Parking Space, Private, Street
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Gas Water Heater, High Efficiency Water Heater, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Pest Control Expense: 250.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Rectangular Lot, Near Public Transit, Paved, Sprinklers Drip System
  • Lot Size Sq Ft: 5759.00
  • Lot Size Acres: 0.1322

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Gross Scheduled Income: 66100.00
  • Insurance Expense: 2069.00
  • Lot Size Area: 5759.0000 Square Feet
  • Maintenance Expense: 500.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 2
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 1
  • Operating Expense: 5357.00
  • Rent Control: Yes
  • Total Actual Rent: 5510.00
  • Total Expenses: 5357.00

Tax Info

  • New Taxes Expense: 1867.00
  • Tax Census Tract: 2033.00
  • Tax Lot: 145

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2024
Sold by
Asamoto Daniel and Asamoto Susan
Bought by
Luke Six Two Llc
Current Estimated Value
$1,141,803

Purchase Details

Listed on
Oct 8, 2020
Closed on
Oct 26, 2020
Sold by
Venegas Maria D and Venegas Living Trust
Bought by
Asamoto Daniel and Asamoto Susan
Seller's Agent
Amy Lam
RE/MAX MASTERS REALTY
Buyer's Agent
James Adner
Keller Williams Realty
List Price
$886,000
Sold Price
$912,000
Premium/Discount to List
$26,000
2.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.80%
Original Mortgage
$684,000
Interest Rate
2.8%
Mortgage Type
New Conventional
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
Luke Six Two Llc -- None Listed On Document
Asamoto Daniel $912,000 Orange Coast Ttl Co Of Socal
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Asamoto Daniel $684,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2020 11/20/20 Sold $912,000 +2.9% $363 / Sq Ft
10/08/2020 10/08/20 For Sale $886,000 -- $353 / 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 $12,111 $987,175 $500,082 $487,093
2024 $12,111 $967,820 $490,277 $477,543
2023 $11,881 $948,844 $480,664 $468,180
2022 $11,335 $930,240 $471,240 $459,000
2021 $11,192 $912,000 $462,000 $450,000
2020 $1,991 $126,698 $39,688 $87,010
2019 $1,929 $124,214 $38,910 $85,304
2018 $1,805 $121,780 $38,148 $83,632
2016 $1,702 $117,053 $36,667 $80,386
2015 $1,682 $115,296 $36,117 $79,179
2014 $1,715 $113,038 $35,410 $77,628
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20208544

California Regional Multiple Listing Service (CRMLS)

APN: 5201-010-032