J
Seller's Agent in 2018
Julio Kong
American Transactions Inc.
(949) 416-3363
6 Total Sales
1227 S Hoover St Los Angeles, CA 90006
Pico-Union NeighborhoodEstimated Value: $1,233,000 - $1,725,000
7
Beds
4
Baths
3,492
Sq Ft
$419/Sq Ft
Est. Value
Highlights
- Gated Parking
- Property is near a park
- Balcony
- Gated Community
- No HOA
- More Than Two Accessible Exits
About This Home
As of September 2018Attention Investors, Developers and 1031 Exchangers. Great Value Play Opportunity at the strongest Metropolitan area of all Western USA. Perfectly located LA-R4 Lot at the desirable Pico-Union/Korea Town neighborhood. Check with the City your project for expansion, addition or remodeling of this Four Units Residential Income Property. Close to Los Angeles Convention Center, Staples Center, employment, education, transportation, services, entertainment etc. Easy access to Fwy 10 and Fwy 110. Highly demanded rental area.
Two open car spots per Unit for total parking capacity for 8 cars. Balcony on the second floor units. Very stable income, low operating cost and solid equity creation. Great opportunity for Investors, Developers or New Owner to live in.
Opportunity like this will not wait forever send your Highest and Best offer. Please "Do Not Trespass the Property and Do Not Contact Tenants for Any Reason", please contact the Listing Agent with all your questions. Listing updated daily.
Last Agent to Sell the Property
American Transactions Inc. License #01922232 Listed on: 09/27/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1908
Lot Details
- 6,505 Sq Ft Lot
- No Common Walls
- Wrought Iron Fence
Home Design
- Quadruplex
- Shingle Roof
Interior Spaces
- 3,492 Sq Ft Home
- 2-Story Property
- Window Screens
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Home Security
- Window Bars
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 8 Car Garage
- 8 Open Parking Spaces
- Parking Available
- Private Parking
- Rear-Facing Garage
- Driveway
- Gated Parking
- Parking Lot
- RV Potential
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Balcony
- Exterior Lighting
- Outdoor Storage
Location
- Property is near a park
- Property is near public transit
- Urban Location
Utilities
- Wall Furnace
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 145
- Tax Tract Number 62856
- Assessor Parcel Number 5076015014
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,829
- Trash Expense $1,200
- Water Sewer Expense $2,400
- New Taxes Expense $9,348
- Operating Expense $14,777
- Gross Income $64,824
- Net Operating Income $50,047
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 25, 2020
Sold by
Ghaemian Alireza and Moore Elham
Bought by
Eaba Real Estate Ii Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 15, 2020
Sold by
Easa Real Estate Ii Llc
Bought by
Ghaemian Alireza and Moore Elham
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 27, 2017
Closed on
Sep 16, 2018
Sold by
Ghaemian Alireza
Bought by
Eaba Real Estate Ii Llc
Seller's Agent
Julio Kong
American Transactions Inc.
Buyer's Agent
Tiffany Chin
Keller Williams Larchmont
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.67%
Original Mortgage
$787,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 27, 2017
Closed on
Aug 24, 2018
Sold by
Magana Adela
Bought by
Ghaemian Alireza and Moore Elham
Seller's Agent
Julio Kong
American Transactions Inc.
Buyer's Agent
Tiffany Chin
Keller Williams Larchmont
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 21, 2016
Sold by
Magana Adela
Bought by
Magana Jaime and Magana Adela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,500
Interest Rate
3.44%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 14, 2016
Sold by
Magana Jaime
Bought by
Magana Adela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,500
Interest Rate
3.44%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 20, 2006
Sold by
Magana Jaime
Bought by
Magana Adela
Purchase Details
Closed on
Oct 17, 1997
Sold by
Renfro James
Bought by
Acosta Teresa L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,129
Interest Rate
7.23%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 17, 1997
Sold by
Wilmington Trust Company
Bought by
Renfro James F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.91%
Purchase Details
Closed on
Dec 11, 1996
Sold by
Great Western Bank Fsb
Bought by
Wilmington Trust Company and Reo Property Trust 1996
Purchase Details
Closed on
Aug 1, 1996
Sold by
Arcilla Thelma O and Great Western Bank Fsb
Bought by
Great Western Bank Fsb
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Eaba Real Estate Ii Llc | -- | None Available | |
| Ghaemian Alireza | -- | Old Republic Title Company | |
| Eaba Real Estate Ii Llc | -- | None Available | |
| Ghaemian Alireza | $1,050,000 | Prominent Escrow Services In | |
| Magana Jaime | -- | Wfg Title | |
| Magana Adela | -- | Wfg National Title Company | |
| Magana Adela | -- | Accommodation | |
| Magana Adela | -- | Accommodation | |
| Acosta Teresa L | $260,000 | American Title Ins Co | |
| Renfro James F | $148,000 | Chicago Title Co | |
| Wilmington Trust Company | -- | Fidelity Title | |
| Great Western Bank Fsb | $105,000 | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ghaemian Alireza | $675,000 | |
| Previous Owner | Ghaemian Alireza | $787,500 | |
| Previous Owner | Magana Jaime | $441,500 | |
| Previous Owner | Acosta Teresa L | $250,129 | |
| Previous Owner | Renfro James F | $170,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/05/2018 09/05/18 | Sold | $1,050,000 | -3.7% | $301 / Sq Ft |
| 06/28/2018 06/28/18 | Price Changed | $1,089,900 | -0.2% | $312 / Sq Ft |
| 06/03/2018 06/03/18 | Price Changed | $1,091,900 | -0.1% | $313 / Sq Ft |
| 04/30/2018 04/30/18 | Price Changed | $1,092,900 | -0.2% | $313 / Sq Ft |
| 04/13/2018 04/13/18 | Price Changed | $1,094,900 | -0.1% | $314 / Sq Ft |
| 03/25/2018 03/25/18 | Price Changed | $1,095,900 | -0.2% | $314 / Sq Ft |
| 03/07/2018 03/07/18 | Price Changed | $1,097,900 | -0.2% | $314 / Sq Ft |
| 02/20/2018 02/20/18 | Price Changed | $1,099,900 | +0.5% | $315 / Sq Ft |
| 12/08/2017 12/08/17 | Price Changed | $1,094,900 | -0.3% | $314 / Sq Ft |
| 10/22/2017 10/22/17 | Price Changed | $1,097,900 | -0.2% | $314 / Sq Ft |
| 09/27/2017 09/27/17 | For Sale | $1,100,000 | -- | $315 / 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 |
|---|---|---|---|---|
| 2025 | $14,368 | $1,171,290 | $948,189 | $223,101 |
| 2024 | $14,368 | $1,148,325 | $929,598 | $218,727 |
| 2023 | $14,098 | $1,125,810 | $911,371 | $214,439 |
| 2022 | $13,456 | $1,103,736 | $893,501 | $210,235 |
| 2021 | $13,279 | $1,082,095 | $875,982 | $206,113 |
| 2020 | $13,412 | $1,071,000 | $867,000 | $204,000 |
| 2019 | $12,889 | $1,050,000 | $850,000 | $200,000 |
| 2018 | $12,302 | $1,000,000 | $666,700 | $333,300 |
| 2017 | $11,676 | $950,000 | $475,000 | $475,000 |
| 2016 | $9,348 | $760,000 | $380,000 | $380,000 |
| 2015 | $5,892 | $470,000 | $235,000 | $235,000 |
| 2014 | $7,632 | $600,000 | $300,000 | $300,000 |
Source: Public Records
Agents Affiliated with this Home
-
Julio Kong
-
Tiffany Chin
Buyer's Agent in 2018
Tiffany Chin
Keller Williams Larchmont
(510) 676-0036
120 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17224364
APN: 5076-015-014
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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