$895,000
$15K PRICE INCREASE

Estimated payment $5,625/month

Total Views 8,716
3 Beds
3 Baths
1,913 Sq Ft
$468 Price per Sq Ft

Highlights

  • Traditional Architecture
  • No HOA
  • Built-In Features
  • Main Floor Bedroom
  • Fenced Yard
  • Side by Side Parking

About This Home

Fantastic opportunity in one of LA's most rapidly evolving neighborhoods. This property is ideally located in Korea town, near Mid-Wilshire, and DTLA. It's originally a single family residence, is currently being restored to meet city compliance, with all updates scheduled for completion prior to the close of escrow. A rare chance for owner-occupants seeking value, or for investors interested in maximizing income potential by converting back to a multi-unit or developing condo or apartment project(buyer to verify). Priced attractively below comparable properties in the area. Don't miss this versatile investment with strong long-term upside. Contact listing agent for details.

Listing Agent

John Rhee

Choice 100 Realty, Inc. License #01211144 Listed on: 07/15/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,286

Year Built

  • Built in 1902 | Remodeled

Lot Details

  • 5,905 Sq Ft Lot
  • Lot Dimensions are 46x128
  • East Facing Home
  • Fenced Yard
  • Rectangular Lot
  • Back and Front Yard
  • Property is zoned LAR3

Home Design

  • Traditional Architecture
  • Split Level Home
  • Additions or Alterations
  • Shingle Roof

Interior Spaces

  • 1,913 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Blinds
  • Family Room
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Oven or Range
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Remodeled Bathroom
  • Low Flow Toliet

Parking

  • 4 Parking Spaces
  • Side by Side Parking
  • Driveway
  • Automatic Gate
  • Uncovered Parking

Location

  • City Lot

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5078-020-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,286

Year Built

Built in 1902 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Prime location in Koreatown and Mid-Wilshire, and near Downtown LA! This charming property sits in one of the city's most dynamic and fast-growing neighborhoods. Originally a single-family residence, it offers incredible potential for owner-occupants, investors, or developers. Whether you're looking to live in and add value, convert to income-producing units, or build a small-scale multifamily project (buyer to verify), this is a rare opportunity. Priced below similar properties in the area, this home is to meet current city requirements all work is scheduled for completion prior to the close of escrow. Don't miss this versatile and high-potential property in the heart of Los Angeles!
  • Entry Location: Ground Level w/steps
  • Living Area: 1913
  • Lot Acreage: 0.1356
  • Lot Dimensions: 46x128
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Additions/Alter, Updated/Remodeled
  • Stories: 2
  • Year Built: 1902
  • Number Of Photos: 36
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Drywall Walls
  • Flooring: Mixed
  • Appliances: Free Standing Gas
  • Bedrooms: 3
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: Main Floor Bedroom
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Low Flow Toilet(s), Remodeled
  • Three Quarter Bathrooms: 2
  • Dining Room: 0
  • Family Room: 1
  • Kitchen Features: Tile Counters
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Built-Ins, Garbage Disposal, Range/Oven
  • Price Per S Q F T: 467.85
  • Windows: Window Blinds

Exterior Features

  • Direction Faces: East
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway, Side By Side, Uncovered
  • Total Parking: 4

Utilities

  • Water District: DWP
  • Water Heater: Gas
  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Security: Gated, Smoke Detector, Automatic Gate
  • Sewer: In Street
  • Water: Water District

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Los Angeles Unified

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5078-020-011
  • Lot Description: Back Yard, Fenced Yard, Fenced, Front Yard, Lot Shape-Rectangular
  • Lot Location: City, Flats
  • Lot Size Area: 5905

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

MLS Schools

  • School District: Los Angeles Unified

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $10,286 $838,750 $586,094 $252,656
2024 $10,286 $822,304 $574,602 $247,702
2023 $10,094 $806,182 $563,336 $242,846
2022 $9,635 $790,376 $552,291 $238,085
2021 $9,512 $774,879 $541,462 $233,417
2019 $9,233 $751,897 $525,402 $226,495
2018 $9,108 $737,154 $515,100 $222,054
2016 $6,114 $493,381 $327,224 $166,157
2015 $6,027 $485,971 $322,309 $163,662
2014 $6,066 $476,453 $315,996 $160,457
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Price Changed $895,000 +1.7% $468 / Sq Ft
07/15/2025 07/15/25 For Sale $880,000 +21.8% $460 / Sq Ft
03/01/2017 03/01/17 Sold $722,700 -3.4% $378 / Sq Ft
01/04/2017 01/04/17 For Sale $748,000 +60.9% $391 / Sq Ft
06/22/2012 06/22/12 Sold $465,000 -8.6% $243 / Sq Ft
05/03/2012 05/03/12 Pending -- -- --
04/18/2012 04/18/12 For Sale $509,000 -- $266 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- North American Title Co Inc
Grant Deed $723,000 North American Title Company
Interfamily Deed Transfer -- Fidelity National Title
Grant Deed $465,000 Fidelity National Title
Trustee Deed $301,000 None Available
Grant Deed -- --
Individual Deed -- --
Grant Deed $345,000 American Title Co
Interfamily Deed Transfer -- --
Grant Deed $168,000 Old Republic Title
Corporate Deed -- Old Republic Title Co
Trustee Deed $114,981 American Title
Trustee Deed $100,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $578,000 New Conventional
Previous Owner $348,750 New Conventional
Previous Owner $310,000 Unknown
Previous Owner $99,000 Credit Line Revolving
Previous Owner $495,000 Negative Amortization
Previous Owner $48,000 Credit Line Revolving
Previous Owner $200,000 Credit Line Revolving
Previous Owner $344,000 Unknown
Previous Owner $327,750 No Value Available
Previous Owner $29,000 Credit Line Revolving
Previous Owner $232,000 No Value Available
Previous Owner $24,000 Credit Line Revolving
Previous Owner $134,400 No Value Available
Source: Public Records

Source: The MLS

MLS Number: 25565543

The MLS

APN: 5078-020-011