NOT LISTED FOR SALE

Estimated Value: $1,375,000 - $1,939,000

8 Beds
4 Baths
4,572 Sq Ft
$369/Sq Ft Est. Value

Last Sold August 21, 2019

Last sale price $1,400,000 $306 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $10,738/month

12 Days on Market

About This Home

As of August 2019

*** ATTENTION ALL REAL ESTATE INVESTORS*** Rare Opportunity to own a 4 unit Investment Property. Located perfectly at Mid-Wilshire Area near KOREATOWN, BEVERLY HILLS, DOWNTOWN LA LIVE , STAPLES CENTER, DODGER STADIUM and FREEWAYS. Its minutes away from Larchmont Village, The Grove and Melrose. This 4 unit includes : Each of the units with 2 Bedrooms and 1 Bath w/ Huge parking space available in the rear. Very quite nice neighborhood. Hurry Don't miss out. Please call for further information.

Last Agent to Sell the Property

Brian Rho

KNB Premier Investment Capital License #01717244 Listed on: 07/10/2019

Last Buyer's Agent

Grace Lee

Max Mega Group License #01294485

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,702

Year Built

  • Built in 1924

Lot Details

  • 7,124 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached

Interior Spaces

  • 4,572 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 4626
  • Assessor Parcel Number 5082016014

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Gardener Expense $960
  • Insurance Expense $1,625
  • Maintenance Expense $5,000
  • Water Sewer Expense $150
  • New Taxes Expense $16,763
  • Operating Expense $26,748
  • Gross Income $88,962
  • Net Operating Income $62,213

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,702

Year Built

Built in 1924

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 150.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5082016014
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 306.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Asphalt
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7124.00
  • Lot Size Acres: 0.1635
  • Latitude Manual: 34.05006800

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 88962.00
  • Gross Scheduled Income: 88962.00
  • Insurance Expense: 1625.00
  • Lot Size Area: 7124.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 62213.00
  • 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: 26748.00
  • Rent Control: Yes
  • Total Expenses: 26748.00

Tax Info

  • New Taxes Expense: 16763.00
  • Tax Census Tract: 2128.00
  • Tax Lot: 17
  • Tax Tract Number: 4626

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2019
Closed on
Aug 9, 2019
Sold by
Knda Investments Llc
Bought by
Sok Kim Chong and Kim Kyung Sook
Seller's Agent
Brian Rho
KNB Premier Investment Capital
Buyer's Agent
Grace Lee
Max Mega Group
List Price
$1,499,000
Sold Price
$1,400,000
Premium/Discount to List
-$99,000
-6.6%
Current Estimated Value
$1,687,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,825
Avg. Annual Appreciation
3.92%
Original Mortgage
$800,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2017
Sold by
Park Ken
Bought by
Knda Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$897,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2017
Sold by
Park Nicole
Bought by
Park Ken

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$897,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2017
Sold by
Song Philip Inho
Bought by
Park Ken

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$897,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2016
Sold by
Song Philip Inho
Bought by
Song Philip Inho and Song Elaine Kyungoh

Purchase Details

Closed on
Nov 2, 2012
Sold by
Song Elaine Kyungoh
Bought by
Song Philip I and Song Elaine K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2006
Sold by
Song Elaine Kyungoh
Bought by
Song Philip Inho and Song Elaine Kyungoh

Purchase Details

Closed on
Mar 24, 2003
Sold by
Song Philip Inho
Bought by
Song Elaine Kyungoh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
5.79%

Purchase Details

Closed on
Mar 14, 2003
Sold by
Demayo Nancy
Bought by
Song Elaine Kyungoh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
5.79%

Purchase Details

Closed on
Feb 26, 2002
Sold by
Moulder Ramona
Bought by
Demayo Isabel

Purchase Details

Closed on
Dec 8, 1999
Sold by
Lee Chiu K
Bought by
Moulder Ramona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
4.95%
Source: Public Records

Range of Values:

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Average Value
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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
Sok Kim Chong $1,400,000 Provident Title Company
Knda Investments Llc -- None Available
Park Ken -- Provident Title Company
Park Ken $1,360,000 Provident Title Company
Song Philip Inho -- None Available
Song Philip I -- Accommodation
Song Philip Inho -- None Available
Song Elaine Kyungoh -- None Available
Song Elaine Kyungoh -- Stewart Title
Song Elaine Kyungoh $570,000 Stewart Title
Demayo Nancy -- Stewart Title
Demayo Isabel -- Chicago Title Co
Moulder Ramona $315,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Chong Sok $794,600
Closed Sok Kim Chong $800,000
Previous Owner Park Ken $897,500
Previous Owner Song Elaine Kyungoh $324,000
Previous Owner Song Elaine Kyungoh $405,000
Previous Owner Song Philip Inho $359,600
Previous Owner Song Elaine Kyungoh $119,000
Previous Owner Song Elaine Kyungoh $456,000
Previous Owner Moulder Ramona $283,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2019 08/21/19 Sold $1,400,000 -6.6% $306 / Sq Ft
07/22/2019 07/22/19 Pending -- -- --
07/10/2019 07/10/19 For Sale $1,499,000 -- $328 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,702 $1,531,101 $1,093,645 $437,456
2024 $18,702 $1,501,080 $1,072,201 $428,879
2023 $18,349 $1,471,648 $1,051,178 $420,470
2022 $17,510 $1,442,793 $1,030,567 $412,226
2021 $17,279 $1,414,504 $1,010,360 $404,144
2020 $17,453 $1,400,000 $1,000,000 $400,000
2019 $16,941 $1,387,200 $877,200 $510,000
2018 $16,763 $1,360,000 $860,000 $500,000
2016 $8,740 $697,366 $458,796 $238,570
2015 $8,617 $686,892 $451,905 $234,987
2014 $8,669 $673,437 $443,053 $230,384
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS19156821

California Regional Multiple Listing Service (CRMLS)

APN: 5082-016-014