NOT LISTED FOR SALE

Estimated Value: $1,455,000 - $1,674,000

8 Beds
5 Baths
3,852 Sq Ft
$405/Sq Ft Est. Value

Sale Details

Date Sold: August 31, 2021

Last sale price $1,520,000 $395 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $9,914 / mo

20 Days on Market

About This Home

As of August 2021

Location, Location, Location!!! Located only minutes away from Korea town, Downtown LA, restaurants, entertainment, shopping centers and transportation. It’s a great opportunity to own huge 4 Unit of 3,852 sqft of building and about 9,000 sqft of huge lot. Well maintained 4 units property in very quiet neighborhood. Laminate flooring throughout. All units have washer and dryer inside of unit and side by side parking. This property is potential for increase in income. This is AS-IS condition sale. Buyers advised to verify all permits, records to their own satisfaction.

Last Agent to Sell the Property

Soo Oh

New Star Realty & Investment License #01879346 Listed on: 07/24/2021

New Star Realty & Investment

Co-Listed By

HYUN SOO OH

New Star Realty & Investment License #02100135

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 8,998 Sq Ft Lot
  • No Common Walls

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,852 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 10 / 17
  • Tax Tract Number 67
  • Assessor Parcel Number 5081007011

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Maintenance Expense $2,400
  • Water Sewer Expense $2,600
  • New Taxes Expense $16,000
  • Operating Expense $22,000
  • Gross Income $81,000
  • Net Operating Income $59,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

8,998 Sq Ft Lot

Listing Details

  • CapRate: 3.90
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 2600.00
  • Zoning: LAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5081007011
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Entry Level: 1
  • Price Per Square Foot: 394.60

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Electric: Standard
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Walkstreet
  • Lot Size Sq Ft: 8998.00
  • Lot Size Acres: 0.2066

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 81000.00
  • Gross Multiplier: 14.00
  • Gross Operating Income: 81000.00
  • Gross Scheduled Income: 112800.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 8998.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 59000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 22000.00
  • Rent Control: Yes
  • Total Actual Rent: 79260.00
  • Total Expenses: 22000.00

Tax Info

  • New Taxes Expense: 16000.00
  • Tax Area: 67
  • Tax Block: 17
  • Tax Census Tract: 2129.00
  • Tax Lot: 10
  • Tax Tract Number: 67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2014
Closed on
Nov 26, 2014
Sold by
Kim David Doo and Kim Jung Ja
Bought by
The David Doo Kim & Jung Ja Kim Living T
Seller's Agent
Robert Yun
NET Properties
Buyer's Agent
Anna Lee
Keller Williams Larchmont
List Price
$1,050,000
Sold Price
$1,010,000
Premium/Discount to List
-$40,000
-3.81%
Current Estimated Value
$1,559,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$549,508
Avg. Annual Appreciation
3.83%

Purchase Details

Listed on
Aug 4, 2014
Closed on
Nov 17, 2014
Sold by
Kim David Doo and Kim Jung Ja
Bought by
Newstar Property Llc
Seller's Agent
Robert Yun
NET Properties
Buyer's Agent
Anna Lee
Keller Williams Larchmont
List Price
$1,050,000
Sold Price
$1,010,000
Premium/Discount to List
-$40,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 4, 2014
Closed on
Sep 18, 2014
Sold by
Kim Joo Hee
Bought by
Kim David Doo and Kim Jung Ja
Seller's Agent
Robert Yun
NET Properties
Buyer's Agent
Anna Lee
Keller Williams Larchmont
List Price
$1,050,000
Sold Price
$1,010,000
Premium/Discount to List
-$40,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2013
Sold by
Kim Chang Min
Bought by
Kim Joo Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,250
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 27, 2012
Closed on
Nov 15, 2012
Sold by
Yang Suk Yong
Bought by
Kim Chang Min
Seller's Agent
Robert Yun
NET Properties
Buyer's Agent
Robert Yun
NET Properties
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.72%

Purchase Details

Closed on
Nov 29, 2004
Sold by
Yang Moon Ja
Bought by
Yang Suk Yong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,000
Interest Rate
5.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2004
Sold by
Lee Eleanor H
Bought by
Yang Suk Yong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,000
Interest Rate
5.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2002
Sold by
Nbgi Inc
Bought by
Lee Eleanor H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
7.08%

Purchase Details

Closed on
Feb 21, 2002
Sold by
Inmc Mtg Holdings Inc
Bought by
Nbgi Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
7.08%

Purchase Details

Closed on
Sep 12, 2001
Sold by
Hong Mi S
Bought by
Bank Of New York

Purchase Details

Closed on
May 17, 2000
Sold by
Kim Un Suk
Bought by
Hong Mi S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,500
Interest Rate
8.08%

Purchase Details

Closed on
Sep 22, 1999
Sold by
Ingersoll Howard M
Bought by
Kim Un Suk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,700
Interest Rate
6.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The David Doo Kim & Jung Ja Kim Living T -- None Available
Newstar Property Llc -- None Available
Kim David Doo $1,010,000 Provident Title Company
Kim Joo Hee $495,000 Fidelity Van Nuys
Kim Chang Min $450,000 Fidelity Van Nuys
Yang Suk Yong -- Stewart Title Company
Yang Suk Yong $805,000 Stewart Title Company
Lee Eleanor H $380,000 Chicago Title
Nbgi Inc $340,000 --
Bank Of New York $347,338 United Title Company
Hong Mi S $330,000 Benefit Land Title Company
Kim Un Suk $206,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim David Doo $300,000
Previous Owner Kim Joo Hee $470,250
Previous Owner Yang Suk Yong $644,000
Previous Owner Lee Eleanor H $285,000
Previous Owner Hong Mi S $313,500
Previous Owner Kim Un Suk $195,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2021 08/31/21 Sold $1,520,000 0.0% $395 / Sq Ft
08/13/2021 08/13/21 Pending -- -- --
08/13/2021 08/13/21 Off Market $1,520,000 -- --
07/24/2021 07/24/21 For Sale $1,530,000 0.0% $397 / Sq Ft
05/13/2016 05/13/16 Rented $1,850 0.0% --
05/06/2016 05/06/16 For Rent $1,850 0.0% --
10/01/2014 10/01/14 Sold $1,010,000 -3.8% $262 / Sq Ft View Prior Sale
08/18/2014 08/18/14 Pending -- -- --
08/04/2014 08/04/14 For Sale $1,050,000 0.0% $273 / Sq Ft
03/13/2014 03/13/14 Rented $1,600 0.0% --
03/13/2014 03/13/14 Under Contract -- -- --
02/26/2014 02/26/14 For Rent $1,600 0.0% --
10/05/2013 10/05/13 Rented $1,600 0.0% --
10/05/2013 10/05/13 Under Contract -- -- --
09/30/2013 09/30/13 For Rent $1,600 0.0% --
11/27/2012 11/27/12 Sold $450,000 -9.8% $117 / Sq Ft View Prior Sale
10/28/2012 10/28/12 Pending -- -- --
07/27/2012 07/27/12 For Sale $499,000 -- $130 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $19,655 $1,613,034 $1,290,428 $322,606
2024 $19,655 $1,581,407 $1,265,126 $316,281
2023 $19,282 $1,550,400 $1,240,320 $310,080
2022 $18,399 $1,520,000 $1,216,000 $304,000
2021 $13,830 $1,121,421 $777,224 $344,197
2020 $13,967 $1,109,923 $769,255 $340,668
2019 $13,425 $1,088,161 $754,172 $333,989
2018 $13,247 $1,066,826 $739,385 $327,441
2016 $12,651 $1,025,402 $710,675 $314,727
2015 $12,469 $1,010,000 $700,000 $310,000
2014 $7,319 $562,542 $502,270 $60,272
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21162202

California Regional Multiple Listing Service (CRMLS)

APN: 5081-007-011

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