NOT LISTED FOR SALE

Estimated Value: $1,003,000 - $2,439,000

9 Beds
7 Baths
6,407 Sq Ft
$285/Sq Ft Est. Value

Last Sold April 21, 2022

Last sale price $2,090,000 $326 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $11,739/month

64 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Double Pane Windows
  • Bonus Room
  • Balcony
  • Crown Molding

About This Home

As of April 2022

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 4Unit (#1256, #1256 1/2, #1258, #1258 1/2) of 6,407 sqft of building and 8,946 sqft of lot. All Copper Plumbing and PVC Drain. About 4years ago, 2Bathroom added with permits (in #1256 & #1256 1/2), 3Units remodeled with Cabinet, Quarts Counter Top, Sink, Tiled Back Splash & Floor, Stainless Appliances, AC/Heat (3units), Lighting, Ceiling Fans, Tankless Water Heater (in #1256 1/2), Washer & Dryer (3units) and Bathrooms (3units). Behind the building, there are three garages and plenty of parking spaces for each unit. The building size is big so there 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: 12/21/2021

New Star Realty & Investment

Co-Listed By

HYUN SOO OH

New Star Realty & Investment License #02100135

Last Buyer's Agent

Sunny Chung

Top Elite Realty License #01450200

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 8,946 Sq Ft Lot
  • No Common Walls
  • Wood Fence

Parking

  • 5 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 6,407 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling Fan
  • Double Pane Windows
  • Living Room with Fireplace
  • Bonus Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Built-In Range
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Walk-In Closet
  • 7 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 43
  • Tax Tract Number 67
  • Assessor Parcel Number 5081014015

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Maintenance Expense $2,400
  • Water Sewer Expense $3,900
  • New Taxes Expense $22,000
  • Operating Expense $30,300
  • Gross Income $125,400
  • Net Operating Income $95,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.44
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 3900.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5081014015
  • Year Built: 1916
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceiling Fan(s), Crown Molding
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 326.21
  • Room Type: Bonus Room, Walk-In Closet
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Range Hood
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • 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: 8946.00
  • Lot Size Acres: 0.2054
  • Latitude Manual: 34.04788900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 125400.00
  • Gross Multiplier: 17.15
  • Gross Operating Income: 125400.00
  • Gross Scheduled Income: 125400.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 8946.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 95100.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 30300.00
  • Rent Control: Yes
  • Total Expenses: 30300.00

Tax Info

  • New Taxes Expense: 22000.00
  • Tax Area: 67
  • Tax Census Tract: 2129.00
  • Tax Lot: 43
  • Tax Tract Number: 67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2021
Closed on
Apr 13, 2022
Sold by
Chung Sean Joo
Bought by
2901 Saint Jude Llc
Seller's Agent
Soo Oh
New Star Realty & Investment
Buyer's Agent
Sunny Chung
Top Elite Realty
List Price
$2,150,000
Sold Price
$2,090,000
Premium/Discount to List
-$60,000
-2.79%
Current Estimated Value
$1,827,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$262,788
Avg. Annual Appreciation
-3.51%
Original Mortgage
$1,254,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 21, 2021
Closed on
Mar 1, 2022
Sold by
David Doo Kim And Jung Ja Kim Living Tru and Kim David Doo
Bought by
Chung Seon Joo
Seller's Agent
Soo Oh
New Star Realty & Investment
Buyer's Agent
Sunny Chung
Top Elite Realty
List Price
$2,150,000
Sold Price
$2,090,000
Premium/Discount to List
-$60,000
-2.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,254,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 10, 2018
Closed on
Oct 31, 2018
Sold by
Klm B Tilden and Kim Ellen
Bought by
Kim David Doo and Kim Jung Ja
Seller's Agent
Edward Kim
Edward Kim
Buyer's Agent
Jennifer Oh
Mega Realty
List Price
$2,150,000
Sold Price
$1,800,000
Premium/Discount to List
-$350,000
-16.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.42%

Purchase Details

Listed on
Jun 13, 2017
Closed on
Aug 10, 2017
Sold by
Park Sun Ae
Bought by
Kim B Tilden and Kim Ellen
Seller's Agent
Clara Shim
America Realty Los Angeles
Buyer's Agent
Edward Kim
Edward Kim
List Price
$1,549,000
Sold Price
$1,350,000
Premium/Discount to List
-$199,000
-12.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.84%

Purchase Details

Closed on
Nov 13, 2009
Sold by
Park Sun Ae
Bought by
Park Sun Ae

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
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2003
Sold by
Park Chang Sik and Park Hyung Bae
Bought by
Park Sun Ae
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2901 Saint Jude Llc -- None Listed On Document
Chung Seon Joo $2,090,000 None Listed On Document
Kim David Doo $1,850,000 Ticor Title Company
Kim B Tilden $1,350,000 Provident Title Company
Park Sun Ae -- Chicago Title Company
Park Sun Ae -- Stewart
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chung Seon Joo $1,254,000
Previous Owner Park Sun Ae $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/21/2022 04/21/22 Sold $2,090,000 0.0% $326 / Sq Ft
03/19/2022 03/19/22 Rented $3,300 -99.8% --
03/11/2022 03/11/22 Under Contract -- -- --
02/24/2022 02/24/22 Off Market $2,090,000 -- --
02/23/2022 02/23/22 Pending -- -- --
02/15/2022 02/15/22 For Sale $2,150,000 0.0% $336 / Sq Ft
02/15/2022 02/15/22 For Rent $3,300 0.0% --
02/09/2022 02/09/22 Off Market $2,090,000 -- --
12/21/2021 12/21/21 For Sale $2,150,000 0.0% $336 / Sq Ft
08/22/2020 08/22/20 Rented $2,650 +1.9% --
08/04/2020 08/04/20 Under Contract -- -- --
07/27/2020 07/27/20 For Rent $2,600 0.0% --
11/08/2018 11/08/18 Sold $1,800,000 -13.9% $281 / Sq Ft View Prior Sale
10/18/2018 10/18/18 Pending -- -- --
09/24/2018 09/24/18 Price Changed $2,090,000 -2.8% $326 / Sq Ft
09/10/2018 09/10/18 For Sale $2,150,000 +59.3% $336 / Sq Ft
08/23/2017 08/23/17 Sold $1,350,000 -6.9% $211 / Sq Ft View Prior Sale
08/05/2017 08/05/17 Pending -- -- --
07/31/2017 07/31/17 Price Changed $1,450,000 -6.4% $226 / Sq Ft
06/13/2017 06/13/17 For Sale $1,549,000 -- $242 / 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 $27,001 $2,217,924 $742,845 $1,475,079
2024 $27,001 $2,174,436 $728,280 $1,446,156
2023 $26,487 $2,131,800 $714,000 $1,417,800
2022 $23,496 $1,944,678 $1,324,484 $620,194
2021 $23,539 $1,906,548 $1,298,514 $608,034
2020 $23,771 $1,887,000 $1,285,200 $601,800
2019 $22,851 $1,850,000 $1,260,000 $590,000
2018 $17,146 $1,350,000 $945,000 $405,000
2016 $3,798 $253,748 $76,115 $177,633
2015 $3,753 $249,937 $74,972 $174,965
2014 $3,792 $245,042 $73,504 $171,538
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21266695

California Regional Multiple Listing Service (CRMLS)

APN: 5081-014-015