NOT LISTED FOR SALE

1237 Irolo St Los Angeles, CA 90006

Harvard Heights Neighborhood

Estimated Value: $1,064,353 - $1,230,000

4 Beds
4 Baths
3,400 Sq Ft
$338/Sq Ft Est. Value

Last Sold August 22, 2023

Last sale price $1,000,000 $294 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,059/month

88 Days on Market

About This Home

As of August 2023

The investment you've been waiting for is here! 4.8 CAP current, upto 40% upside proforma. 4-unit multi-family property located in prime Los Angeles. One unit is ready for immediate occupancy with recent renovations including new flooring, paint, kitchen with new cabinets, stylish quartz countertop and subway tile backsplash, stainless steel appliances and tastefully done bathroom. Large windows provide ample natural light throughout, and a spacious living room is perfect for entertaining. Each unit is 1 bed, 1 bath approx. 850 sqft of living space. The building also includes a garage for additional parking and/or storage. Conveniently located in a highly desired area in Koreatown with shopping, dining, and entertainment options just steps away including prestigious Loyola High School. Easy access to public transportation, downtown and West LA, Fwy 10 & 110. All electric & gas meters are separate for each unit. DO NOT Disturb the tenants.

Last Agent to Sell the Property

Arthur Yoon

Redpoint Realty License #01955545 Listed on: 04/20/2023

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,568

Year Built

  • Built in 1929

Lot Details

  • 5,905

Parking

  • 4 Car Garage
  • Driveway

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property
  • Vinyl Plank Flooring
  • Gas And Electric Dryer Hookup

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • 5,905 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5080-035-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,568

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3400
  • Lot Acreage: 0.1356
  • Stories: 2
  • Year Built: 1929
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl Plank
  • Bedrooms: 4
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Equipment: Microwave, Range/Oven, Refrigerator, Dishwasher, Garbage Disposal, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 294.12

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 4
  • Covered Parking: 4
  • Garage Structures: 1
  • Parking Garage: Driveway, Garage - 4+ Car, Garage Is Detached, Driveway - Concrete
  • Total Parking: 8

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 34.84
  • Assessed Improvement Value: 91974
  • Assessed Land Percent: 65.16
  • Assessed Land Value: 172003
  • Total Assessed Value: 263977
  • Assessor Parcel Number: 5080-035-008
  • Lot Size Area: 5905

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.20
  • Number Of Units: 4
  • Type Of Units: 4 units

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2023
Closed on
Jul 27, 2023
Sold by
Sung Mo Lee Revocable Trust and Lee William
Bought by
Lacaa Lax
Seller's Agent
Arthur Yoon
Redpoint Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,000,000
Sold Price
$1,000,000
Views
124
Current Estimated Value
$1,148,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,588
Avg. Annual Appreciation
6.56%
Original Mortgage
$597,000
Outstanding Balance
$582,811
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$565,777

Purchase Details

Closed on
Apr 23, 2022
Sold by
Mo Lee Sung and Sook Myung
Bought by
Sung Mo Lee Revocable Trust
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
Lacaa Lax $1,000,000 Chicago Title
Sung Mo Lee Revocable Trust -- Yoon S Sharon
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lacaa Lax $597,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2023 08/22/23 Sold $1,000,000 0.0% $294 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
05/22/2023 05/22/23 For Sale $1,000,000 0.0% $294 / Sq Ft
05/09/2023 05/09/23 Pending -- -- --
04/20/2023 04/20/23 For Sale $1,000,000 -- $294 / 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 $12,568 $1,020,000 $683,400 $336,600
2024 $12,568 $1,000,000 $670,000 $330,000
2023 $8,834 $695,608 $536,511 $159,097
2022 $3,567 $263,977 $172,003 $91,974
2021 $3,502 $258,802 $168,631 $90,171
2019 $3,406 $251,128 $163,630 $87,498
2018 $3,267 $246,205 $160,422 $85,783
2016 $3,092 $236,646 $154,194 $82,452
2015 $3,050 $233,092 $151,878 $81,214
2014 $3,087 $228,527 $148,903 $79,624
Source: Public Records

Agents Affiliated with this Home

  • Arthur Yoon

    Seller's Agent in 2023

    Arthur Yoon

    Redpoint Realty

    (213) 800-2969

    1 in this area

    15 Total Sales

    Arthur Yoon
    Section Image

  • S

    Buyer's Agent in 2023

    Subscriber Non

    Non-Participant Office

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Map

Source: The MLS

MLS Number: 23-262189

The MLS

APN: 5080-035-008

California Los Angeles County Los Angeles 90006 Harvard Heights

1237 Irolo St, Los Angeles, CA

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