NOT LISTED FOR SALE

1128 S Corning St Los Angeles, CA 90035

Pico-Robertson Neighborhood

Estimated Value: $1,947,000 - $2,765,717

3 Beds
2 Baths
3,863 Sq Ft
$620/Sq Ft Est. Value

Last Sold February 22, 2018

Last sale price $1,810,000 $469 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $14,854/month

Highlights

  • Laundry Room
  • Carthay Center Elementary School Rated 9+
  • Front Yard

About This Home

As of February 2018

Nice two units in very attractive area.

Last Agent to Sell the Property

Mazdak Sarehkhani

Mazdak Sarehkhani License #01811455 Listed on: 02/22/2018

Last Buyer's Agent

Mazdak Sarehkhani

Mazdak Sarehkhani License #01811455 Listed on: 02/22/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,176

Year Built

  • Built in 1935

Lot Details

  • 6,682 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 3,863 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 212
  • Tax Tract Number 7171
  • Assessor Parcel Number 4332029006

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,000
  • Insurance Expense $500
  • Trash Expense $75
  • Water Sewer Expense $120
  • New Taxes Expense $12,000
  • Operating Expense $14,695
  • Gross Income $7,600
  • Net Operating Income $7,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,176

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 120.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 4332029006
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 468.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside, Upper Level
  • Sewer: Public Sewer
  • Trash Expense: 75.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6682.00

Multi Family

  • Electric Expense: 2000.00
  • Gross Income: 7600.00
  • Gross Scheduled Income: 7600.00
  • Insurance Expense: 500.00
  • Net Operating Income: 7200.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 400.00
  • Rent Control: No
  • Total Expenses: 14695.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Census Tract: 2164.01
  • Tax Lot: 212
  • Tax Tract Number: 7171

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2020
Sold by
Rabbanian Massoud and Tabibi Nancy
Bought by
Corning Suites Llc
Current Estimated Value
$2,394,179

Purchase Details

Listed on
Feb 22, 2018
Closed on
Feb 7, 2018
Sold by
Jones Wan A
Bought by
Rabbanian Massoud and Tabibi Nancy
Seller's Agent
Mazdak Sarehkhani
Mazdak Sarehkhani
Buyer's Agent
Mazdak Sarehkhani
Mazdak Sarehkhani
List Price
$1,810,000
Sold Price
$1,810,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.93%
Original Mortgage
$1,267,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 22, 2006
Sold by
Jones Wan A
Bought by
Jones Wan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
1.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 16, 2006
Sold by
Jones Wan A
Bought by
Jones Wan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
1.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 28, 2004
Sold by
Jones Wan A
Bought by
Jones Wan A and Wan Jones Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.99%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 2, 2003
Sold by
Jones Wan A
Bought by
Jones Wan A and Wan Jones Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
5.71%

Purchase Details

Closed on
May 6, 2003
Sold by
Jones Wan A
Bought by
Jones Wan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
5.71%

Purchase Details

Closed on
Apr 27, 1999
Sold by
Jones Wan A
Bought by
Jones Wan A and Wan Jones Family Trust

Purchase Details

Closed on
Sep 8, 1993
Sold by
Jones Wan Andrea
Bought by
Jones Wan Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,300
Interest Rate
4.25%
Source: Public Records

Range of Values:

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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
Corning Suites Llc -- None Available
Rabbanian Massoud $1,810,000 First American Title Company
Jones Wan A -- Fidelity National Title
Jones Wan A -- Fidelity National Title
Jones Wan A -- First American Title Co
Jones Wan A -- First American Title Co
Jones Wan A -- --
Jones Wan A -- Fidelity National Title Co
Jones Wan A -- --
Jones Wan Andrea -- Equity Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rabbanian Massoud $1,267,000
Previous Owner Jones Wan A $315,000
Previous Owner Jones Wan A $315,000
Previous Owner Jones Wan A $100,000
Previous Owner Jones Wan A $200,000
Previous Owner Jones Wan A $202,000
Previous Owner Jones Wan A $50,000
Previous Owner Jones Wan Andrea $188,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2018 02/22/18 Sold $1,810,000 0.0% $469 / Sq Ft
02/22/2018 02/22/18 Pending -- -- --
02/22/2018 02/22/18 For Sale $1,810,000 -- $469 / 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 $25,176 $2,110,733 $1,640,468 $470,265
2024 $25,176 $2,069,347 $1,608,302 $461,045
2023 $24,687 $2,028,772 $1,576,767 $452,005
2022 $23,533 $1,988,993 $1,545,850 $443,143
2021 $23,235 $1,949,994 $1,515,540 $434,454
2020 $22,966 $1,883,124 $1,768,680 $114,444
2019 $22,187 $1,846,200 $1,734,000 $112,200
2018 $2,115 $152,713 $80,556 $72,157
2016 $1,980 $146,785 $77,429 $69,356
2015 $1,954 $144,581 $76,266 $68,315
2014 $1,975 $141,750 $74,773 $66,977
Source: Public Records

Agents Affiliated with this Home

  • Mazdak Sarehkhani

    Seller's Agent in 2018

    Mazdak Sarehkhani

    Mazdak Sarehkhani

    (818) 601-8215

    45 Total Sales

    Mazdak Sarehkhani
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18042437

California Regional Multiple Listing Service (CRMLS)

APN: 4332-029-006

California Los Angeles County Los Angeles 90035 Pico-Robertson

1128 S Corning St, Los Angeles, CA

This home is located at 1128 S Corning St, Los Angeles, CA 90035 since 22 February 2018 and is currently estimated at $2,394,179, approximately $619 per square foot. This property was built in 1935. 1128 S Corning St is a home located in Los Angeles County with nearby schools including Carthay Center Elementary School, Fairfax High School, and Ralph Waldo Emerson Community Charter Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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