NOT LISTED FOR SALE

Estimated Value: $1,415,000

4 Beds
4 Baths
6,499 Sq Ft
$218/Sq Ft Est. Value

Last Sold November 14, 2017

Last sale price $3,490,000 $537 Per Sq Ft

Current estimated payment $9,065/month

109 Days on Market

About This Home

As of November 2017

Price has reduced!! Amazing redevelopment opportunity with adjacent 3 lots in Koreatown. They are 1128 S Normandie Ave (single family),1134 S Normandie Ave (quadruplex) and 1138 S Normandie Ave ( Duplex). Total lot size is 17,718sqft. It is zoned R4-1VL.
Single family and Duplex can be vacant at the close of escrow and 4plex has only 3 units occupied currently. They should be sold 'AS-IS' in its present condition.Buyer has to verify all information and permits to their own satisfaction and rely on their own findings. Please do not walk the premises and contact the tenants. These properties are also for sale in Land section as Listing ID PW17157212.

Last Agent to Sell the Property

Jong Hanj Lee

Bow Tie Realty & Investment License #01876601 Listed on: 07/10/2017

Last Buyer's Agent

Jennifer Shor

Compass License #01824888

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 0.41 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • 6,499 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 20
  • Assessor Parcel Number 5078020019

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

6

Listing Details

  • Property Attached: No
  • Zoning: LAR4
  • Property Type: Residential Income
  • Parcel Number: 5078020019
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 537.01

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 17718.00

Multi Family

  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2133.10
  • Tax Lot: 19
  • Tax Tract Number: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2017
Sold by
Sean John Llc
Bought by
Lee Caroline
Current Estimated Value
$1,415,000

Purchase Details

Closed on
Oct 25, 2016
Sold by
Colletti John
Bought by
Sean John Llc

Purchase Details

Listed on
Feb 5, 2013
Closed on
Apr 9, 2013
Sold by
Robbins Sean
Bought by
Colletti John
Seller's Agent
Talwinder Rana
On It Realty
Buyer's Agent
agent Nonmember
List Price
$499,900
Sold Price
$471,306
Premium/Discount to List
-$28,594
-5.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,306
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 7, 2012
Sold by
West Coast Private Investments Llc
Bought by
Robbins Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,400
Interest Rate
3.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 4, 2012
Sold by
Cho Kyung
Bought by
Robbins Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,400
Interest Rate
3.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 2011
Sold by
Kim Jin
Bought by
Cho Kyung and Kim Jin

Purchase Details

Closed on
May 5, 2011
Sold by
Cho Kyung
Bought by
Kim Jin

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
4.83%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 15, 2003
Sold by
Cordova and Neal
Bought by
Cho Kyung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
7.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 11, 2003
Sold by
Cordova Andrew
Bought by
Cordova and Neal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
7.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2003
Sold by
Neal Kristina
Bought by
Neal Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 30, 2003
Sold by
First Magnus Financial Corp
Bought by
Cordova Andrew and Neal Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 6, 2003
Sold by
Toukhladjian Karapet
Bought by
First Magnus Financial Corp

Purchase Details

Closed on
Sep 29, 1999
Sold by
Honey Ana Maria Caire
Bought by
Honey John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,907
Interest Rate
7.76%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 21, 1999
Sold by
Honey John
Bought by
Toukhladjian Karapet and Karapet Lousin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,907
Interest Rate
7.76%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 8, 1999
Sold by
Wilshire Funding Corp
Bought by
Nba Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.7%

Purchase Details

Closed on
May 29, 1998
Sold by
Cholico Jeffrey
Bought by
Wilshire Funding Corp

Purchase Details

Closed on
Jul 3, 1997
Sold by
Rodriguez Adolfo
Bought by
Cholico Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,565
Interest Rate
7.58%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 2, 1997
Sold by
Ingram Lottie O
Bought by
Rodriguez Adolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,565
Interest Rate
7.58%
Mortgage Type
FHA
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
Lee Caroline $487,500 Title 365
Sean John Llc -- None Available
Colletti John $480,000 Ticor Title Tustin Orange Co
Robbins Sean -- None Available
Robbins Sean $423,000 None Available
Cho Kyung -- None Available
Kim Jin -- Title Company
Cho Kyung -- Multiple
Cordova -- --
Neal Joseph A -- Stewart Title
Cordova Andrew -- Stewart Title
Cordova Andrew $315,000 Stewart Title
First Magnus Financial Corp $402,047 Stewart Title
Honey John -- North American Title
Toukhladjian Karapet $315,000 North American Title Co
Nba Properties Inc $160,000 Benefit Land Title
Wilshire Funding Corp $166,250 Benefit Land Title Ins Co
Cholico Jeffrey $305,000 Commonwealth Title
Rodriguez Adolfo $172,500 Commonwealth Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Here Is My Rent Llc $2,792,000
Closed Lee Caroline $3,000,000
Previous Owner Colletti John $471,306
Previous Owner Robbins Sean Douglas $338,400
Previous Owner Cho Kyung $200,000
Previous Owner Cho Kyung $288,000
Previous Owner Cho Kyung $288,000
Previous Owner Cho Kyung $328,000
Previous Owner Cordova Andrew $325,000
Previous Owner Toukhladjian Karapet $312,907
Previous Owner Nba Properties Inc $180,000
Previous Owner Cholico Jeffrey $291,565
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2017 11/14/17 Sold $3,490,000 -0.3% $537 / Sq Ft
10/27/2017 10/27/17 Pending -- -- --
09/19/2017 09/19/17 Price Changed $3,500,000 -4.1% $539 / Sq Ft
08/24/2017 08/24/17 For Sale $3,650,000 +4.6% $562 / Sq Ft
07/24/2017 07/24/17 Off Market $3,490,000 -- --
07/10/2017 07/10/17 For Sale $4,800,000 +918.4% $739 / Sq Ft
04/18/2013 04/18/13 Sold $471,306 -5.7% $131 / Sq Ft
02/06/2013 02/06/13 Pending -- -- --
02/05/2013 02/05/13 For Sale $499,900 -- $139 / 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
2019 -- $1,372,920 $1,096,500 $276,420
2018 -- $1,346,000 $1,075,000 $271,000
2016 -- $624,141 $416,094 $208,047
2015 -- $803,294 $512,305 $290,989
2014 -- $787,559 $502,270 $285,289
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17157191

California Regional Multiple Listing Service (CRMLS)

APN: 5078-020-019