NOT LISTED FOR SALE

1173 N Virgil Ave Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated Value: $1,246,000 - $1,540,000

6 Beds
3 Baths
1,830 Sq Ft
$785/Sq Ft Est. Value

Last Sold June 20, 2019

Last sale price $1,005,000 $549 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $8,789/month

132 Days on Market

About This Home

As of June 2019

We are proud to present this well maintained Triplex in the heart of Los Angeles. These freestanding units does not share walls with anyone and has easy access from Front and Back. The long and wide driveway will accommodate 6 to 7 cars. The units are separately metered for gas and electric. Oakwood floors throughout with ceramic tiles in kitchens and bathrooms. Lots of potential with separate entrances, front and back yards and new dual pane windows on most. Close to Kaiser Hospital, Farmer's Market, fine restaurants, and retail shops. PLEASE DO NOT DISTURB TENANTSThis will be a Great opportunity to own this charming TRIPLEX.

Last Agent to Sell the Property

Michelle Suh

KORUS Real Estate License #01335563 Listed on: 01/09/2019

Last Buyer's Agent

Alec Bogossian

License #02062892

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,638

Year Built

  • Built in 1941

Lot Details

  • 6,699 Sq Ft Lot

Home Design

  • 1,830 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5542-026-024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,638

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 1830
  • Probate: No
  • Year Built: 1941
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 573.77

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 6

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 190740
  • Assessed Land Value: 676260
  • Assessor Parcel Number: 5542-026-024
  • Geocode Override: No
  • Lot Size Area: 6699

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.00
  • Number Of Units: 3
  • Total Annual Expense: 16000
  • Type Of Units: Multi Family
  • Vacancy Rate: 0%

Tax Info

  • Tax Expense: 10882.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2019
Closed on
Jun 13, 2019
Sold by
Yim Andrew
Bought by
Djanece Armineh
Seller's Agent
Michelle Suh
KORUS Real Estate
Buyer's Agent
Alec Bogossian
List Price
$1,100,000
Sold Price
$1,005,000
Premium/Discount to List
-$95,000
-8.64%
Current Estimated Value
$1,436,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$431,062
Avg. Annual Appreciation
5.94%
Original Mortgage
$703,500
Outstanding Balance
$601,705
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$839,283

Purchase Details

Closed on
Apr 18, 2016
Sold by
Yim Sun Keum
Bought by
Yim Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2016
Sold by
Kwon Eric and Kwon Hyuk Som
Bought by
Yim Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2009
Sold by
Cay Development Llc
Bought by
Kwon Hyuk Som

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,000
Interest Rate
5.14%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 6, 2009
Sold by
1173 Virgil Partners Llc
Bought by
Cay Development Llc

Purchase Details

Closed on
Oct 11, 2007
Sold by
Cay Development Llc
Bought by
1173 Virgil Partners Llc

Purchase Details

Closed on
Sep 21, 2007
Sold by
Kwon Hyun Som
Bought by
Cay Development Llc

Purchase Details

Closed on
Jul 11, 2007
Sold by
Canlas Oscar
Bought by
Kwon Hyuk Som

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,750
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2003
Sold by
Banci Myrna
Bought by
Canlas Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
5.75%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 7, 2003
Sold by
Walling Frank
Bought by
Canlas Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
5.75%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Djanece Armineh $1,005,000 Chicago Title Company
Yim Andrew -- Chicago Title Company
Yim Andrew $850,000 Chicago Title Company
Kwon Eric -- Chicago Title Company
Kwon Hyuk Som -- None Available
Cay Development Llc -- None Available
1173 Virgil Partners Llc -- Accommodation
Cay Development Llc -- Accommodation
Kwon Hyuk Som $785,000 Multiple
Canlas Oscar -- Lawyers Title
Canlas Oscar $385,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Djanece Armineh $703,500
Previous Owner Yim Andrew $420,000
Previous Owner Kwon Hyuk Som $210,000
Previous Owner Kwon Hyuksom $23,000
Previous Owner Kwon Hyuk Som $588,750
Previous Owner Canlas Oscar $134,770
Previous Owner Canlas Oscar $460,000
Previous Owner Canlas Oscar $308,000
Previous Owner Walling Frank $157,500
Closed Canlas Oscar $38,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2019 06/20/19 Sold $1,005,000 -4.3% $549 / Sq Ft
04/03/2019 04/03/19 Price Changed $1,050,000 -4.5% $574 / Sq Ft
01/09/2019 01/09/19 For Sale $1,100,000 -- $601 / Sq Ft
Source: The MLS

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 $13,638 $1,121,092 $892,413 $228,679
2024 $13,638 $1,099,111 $874,915 $224,196
2023 $13,379 $1,077,560 $857,760 $219,800
2022 $12,761 $1,056,433 $840,942 $215,491
2021 $12,606 $1,035,719 $824,453 $211,266
2020 $12,733 $1,025,100 $816,000 $209,100
2019 $11,023 $902,025 $703,580 $198,445
2018 $10,882 $884,339 $689,785 $194,554
2016 $4,757 $376,186 $343,477 $32,709
2015 $4,690 $370,536 $338,318 $32,218
2014 $4,724 $363,278 $331,691 $31,587
Source: Public Records

Agents Affiliated with this Home

  • Michelle Suh

    Seller's Agent in 2019

    Michelle Suh

    KORUS Real Estate

    (213) 220-6005

    1 in this area

    17 Total Sales

    Michelle Suh
    Section Image

  • A

    Buyer's Agent in 2019

    Alec Bogossian

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Map

Source: The MLS

MLS Number: 19-421904

The MLS

APN: 5542-026-024

California Los Angeles County Los Angeles 90029 East Hollywood

1173 N Virgil Ave, Los Angeles, CA

This home is located at 1173 N Virgil Ave, Los Angeles, CA 90029 since 09 January 2019 and is currently estimated at $1,436,062, approximately $784 per square foot. This property was built in 1941. 1173 N Virgil Ave is a home located in Los Angeles County with nearby schools including Lockwood Avenue Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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