1169 W 36th Place Los Angeles, CA 90007
Exposition Park NeighborhoodEstimated Value: $2,154,832 - $2,342,000
6
Beds
3
Baths
1,949
Sq Ft
$1,154/Sq Ft
Est. Value
About This Home
As of February 2018The offering is a student housing development opportunity located just one block from USC and within the CSC and DPS patrol area. The property is also within walking distance of the newly constructed Metro Expo light rail line, which connects Downtown to West Los Angeles. Additionally, the property is just one-half of a mile from USC's new $700 Million University Village. University Village offers student housing and over 500,000 square feet of academic spaces, restaurants, and major retailers that include Trader Joe's, Target, Bank of America, Starbucks and more.
The offering consists of a 7,092-square foot corner lot zoned LARD1.5, which allows for one unit per 1,500 square feet. Because of zoning, lot size and the reduced setbacks granted by the corner location, an investor may be able to develop the property into five units by-right (buyer to verify with the city, broker makes no warranties). New construction units are in high demand by students in this neighborhood, with market rents averaging $1,500 per bedroom. The property is not subject to HPOZ Review.
1169 West 36th Place currently features a four-bedroom/two-bathroom front house and a two-bedroom/one-bathroom rear unit. The front house is occupied by four student tenants that are each renting bedrooms at $750 per month on individual leases. The rear unit will be delivered vacant. The property's current structures are subject to rent control, however any new construction would not be (buyer to verify).
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 10/23/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,751
Year Built
- Built in 1902
Lot Details
- 7,093 Sq Ft Lot
- No Common Walls
Home Design
- 1,949 Sq Ft Home
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Additional Features
- Laundry Room
- Urban Location
Listing and Financial Details
- Tax Lot 2
- Assessor Parcel Number 5040029007
Community Details
Overview
- 2 Buildings
- 2 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- Net Operating Income $36,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 23, 2017
Closed on
Jan 18, 2018
Sold by
Madore Phillip L
Bought by
Ching Jesus and Ban Kathleen Chun Rong
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Dan Lewin
Younglewin Advisors, Inc.
List Price
$1,500,000
Sold Price
$1,450,000
Premium/Discount to List
-$50,000
-3.33%
Total Days on Market
87
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$798,416
Avg. Annual Appreciation
6.23%
Purchase Details
Closed on
Jul 20, 1999
Sold by
Madore Sonhi
Bought by
Madore Philip L
Purchase Details
Closed on
May 4, 1999
Sold by
Washington Mutual Bank Fa
Bought by
Madore Philip L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,655
Interest Rate
5.73%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Dec 8, 1998
Sold by
Ramirez Gavino and Perez Paulina
Bought by
Washington Mutual Bank Fa
Purchase Details
Closed on
Aug 13, 1997
Sold by
Rodriguez Arturo
Bought by
Ramirez Gavino and Perez Paulina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
7.43%
Purchase Details
Closed on
May 9, 1996
Sold by
Cyprus Kip C and Miller John Charles
Bought by
Ramirez Gavino and Perez Paulina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,497
Interest Rate
8.07%
Purchase Details
Closed on
Feb 16, 1996
Sold by
Cyprus Amy L
Bought by
Cyprus Kip C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
7%
Purchase Details
Closed on
Oct 18, 1995
Sold by
Alcantara Brown Julius C and Alcantara Brown Liwayway Vega
Bought by
Hamilton Financial Corp
Purchase Details
Closed on
Mar 15, 1995
Sold by
Abad Maria Minerva Garcia
Bought by
Brown Julius C and Brown Liwayway Alcantara
Purchase Details
Closed on
Jan 16, 1995
Sold by
Hamilton Financial Corp
Bought by
Federal Home Loan Mortgage Corporation
Similar Homes in the area
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ching Jesus | $1,450,000 | Ticor Title | |
| Madore Philip L | -- | Ticor Title | |
| Madore Philip L | -- | Stewart Title | |
| Madore Philip L | $165,000 | Stewart Title | |
| Washington Mutual Bank Fa | $115,500 | Stewart Title | |
| Ramirez Gavino | -- | -- | |
| Ramirez Gavino | $203,000 | First American | |
| Cyprus Kip C | -- | First American Title Co | |
| Cyprus Kip C | $90,000 | First American Title Co | |
| Hamilton Financial Corp | $97,000 | Stewart Title | |
| Brown Julius C | -- | -- | |
| Federal Home Loan Mortgage Corporation | -- | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Madore Philip L | $65,000 | |
| Previous Owner | Madore Philip L | $517,500 | |
| Previous Owner | Madore Philip L | $30,000 | |
| Previous Owner | Madore Philip L | $400,000 | |
| Previous Owner | Madore Philip L | $324,000 | |
| Previous Owner | Madore Philip L | $265,500 | |
| Previous Owner | Madore Philip L | $161,500 | |
| Previous Owner | Madore Philip L | $156,655 | |
| Previous Owner | Ramirez Gavino | $25,000 | |
| Previous Owner | Ramirez Gavino | $182,497 | |
| Previous Owner | Cyprus Kip C | $93,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2018 02/26/18 | Sold | $1,450,000 | -3.3% | $744 / Sq Ft |
| 01/22/2018 01/22/18 | For Sale | $1,500,000 | 0.0% | $770 / Sq Ft |
| 01/18/2018 01/18/18 | Pending | -- | -- | -- |
| 10/23/2017 10/23/17 | For Sale | $1,500,000 | -- | $770 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $14,751 | $1,215,913 | $1,215,913 | -- |
| 2023 | $19,392 | $1,585,783 | $1,192,072 | $393,711 |
| 2022 | $18,491 | $1,554,691 | $1,168,699 | $385,992 |
| 2021 | $18,266 | $1,524,208 | $1,145,784 | $378,424 |
| 2020 | $18,456 | $1,508,580 | $1,134,036 | $374,544 |
| 2019 | $17,719 | $1,479,000 | $1,111,800 | $367,200 |
| 2018 | $2,860 | $222,867 | $175,598 | $47,269 |
| 2016 | $2,719 | $214,215 | $168,780 | $45,435 |
| 2015 | $2,681 | $210,998 | $166,245 | $44,753 |
| 2014 | $2,703 | $206,866 | $162,989 | $43,877 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
S
Seller's Agent in 2018
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1200
98 Total Sales
-
Dan Lewin
Seller Co-Listing Agent in 2018
Dan Lewin
Younglewin Advisors, Inc.
(310) 720-7939
3 in this area
25 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17241971
APN: 5040-029-007
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