NOT LISTED FOR SALE

Estimated Value: $904,000 - $1,333,382

4 Beds
3 Baths
2,136 Sq Ft
$498/Sq Ft Est. Value

Last Sold July 26, 2023

Last sale price $860,000 $403 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $6,468/month

7 Days on Market

Highlights

  • No HOA
  • Front Yard
  • 4-minute walk to Hoover Recreation Center
  • Laundry Room
  • 1-Story Property

About This Home

As of July 2023

This must-see Duplex with upside potentials in the southwestern area of Los Angeles close to renowned USC (right on USC shuttle on 24th St. and Hoover St.) This well-maintained front 2 bd and 1.5 ba unit is occupied by the seller, which will be vacant at close of escrow. The backside unit has 2 bd and 1 ba, occupied tenants with extra income. This stunning front unit boasts a bright and light open floor plan with high ceiling and laminated hardwood floor throughout. The living room and dining room have welcoming round shape entryways and crown molding offering the graceful ambience with natural sunshine from energy saving double pane windows. The spacious, really spacious kitchen has lots of cabinets, and much more. Beautifully maintained front yard and 4 parking spaces are available in the back yard and side way. And please do not miss the huge extra storage space under the front unit. Seeing and believing!

Last Agent to Sell the Property

Hyun Kim

New Star Realty & Investment License #01448463 Listed on: 06/21/2023

Co-Listed By

Sangkyu Lee

New Star Realty & Investment License #01356123

Last Buyer's Agent

Miguel Minera

CITYWIDE ELITE REALTY License #01708828

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,735

Year Built

  • Built in 1907

Lot Details

  • 5,874 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,136 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 5 / 7
  • Tax Tract Number 11111
  • Assessor Parcel Number 5055020004
  • $419 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,956
  • Trash Expense $840
  • Water Sewer Expense $946
  • New Taxes Expense $10,625
  • Operating Expense $15,007
  • Gross Income $43,044
  • Net Operating Income $28,037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,735

Year Built

Built in 1907

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 946.00
  • Zoning: LARD2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5055020004
  • Year Built: 1907
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 402.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5874.00
  • Lot Size Acres: 0.1348

Multi Family

  • Gross Income: 43044.00
  • Gross Scheduled Income: 43044.00
  • Insurance Expense: 2956.00
  • Lot Size Area: 5874.0000 Square Feet
  • Net Operating Income: 28037.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 15007.00
  • Rent Control: Yes
  • Total Actual Rent: 797.00
  • Total Expenses: 15007.00

Tax Info

  • New Taxes Expense: 10625.00
  • Tax Block: 7
  • Tax Census Tract: 2217.10
  • Tax Lot: 5
  • Tax Tract Number: 11111
  • TaxOtherAnnualAssessmentAmount: 419.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2012
Sold by
Vicente Armando and Vicente Alicia J
Bought by
Lee Kevin Sangho
Current Estimated Value
$1,064,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,022
Interest Rate
3.49%
Mortgage Type
FHA
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
Lee Kevin Sangho $330,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Kevin Sangho $324,022
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2023 07/26/23 Sold $860,000 +1.2% $403 / Sq Ft
06/21/2023 06/21/23 For Sale $849,990 -- $398 / 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 $10,735 $877,200 $525,300 $351,900
2024 $10,735 $860,000 $515,000 $345,000
2023 $5,106 $390,582 $272,225 $118,357
2022 $4,883 $382,925 $266,888 $116,037
2021 $4,812 $375,417 $261,655 $113,762
2020 $4,857 $371,569 $258,973 $112,596
2019 $4,676 $364,285 $253,896 $110,389
2018 $4,537 $357,143 $248,918 $108,225
2016 $4,325 $343,276 $239,253 $104,023
2015 $4,264 $338,121 $235,660 $102,461
2014 $4,292 $331,498 $231,044 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23110056

California Regional Multiple Listing Service (CRMLS)

APN: 5055-020-004