NOT LISTED FOR SALE

1276 1/2 W 22nd St Los Angeles, CA 90007

University Park Neighborhood

Estimated Value: $1,151,000 - $2,194,000

8 Beds
8 Baths
3,700 Sq Ft
$465/Sq Ft Est. Value

Last Sold December 01, 2016

Last sale price $1,200,000 $324 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $10,624/month

1 Day on Market

About This Home

As of December 2016

We are pleased to offer for sale this four (4) unit multi-family investment located at 1276W. 22nd Street, just a short distance from the internationally renowned University of Southern California (USC).

Last Agent to Sell the Property

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 09/07/2016

Keller Williams Hollywood Hills

Last Buyer's Agent

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 09/07/2016

Keller Williams Hollywood Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,698

Year Built

  • Built in 1905

Lot Details

  • 5,860

Parking

  • 8 Parking Spaces

Interior Spaces

  • 3,700 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Additional Features

  • 5,860 Sq Ft Lot
  • Central Heating

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5055-019-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,698

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3700
  • Stories: 2
  • Year Built: 1905
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Price Per S Q F T: 321.62

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Parking Space
  • Total Parking: 8

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 85764
  • Assessed Land Value: 500431
  • Assessor Parcel Number: 5055-019-018
  • Geocode Override: No
  • Lot Size Area: 5860

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.68
  • Number Of Units: 4
  • Total Annual Expense: 22672
  • Type Of Units: Legal
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2016
Closed on
Oct 14, 2016
Sold by
Sung Pan Soon
Bought by
Liyu Llc
Seller's Agent
Davis Saadian
Keller Williams Hollywood Hills
Buyer's Agent
Davis Saadian
Keller Williams Hollywood Hills
List Price
$1,190,000
Sold Price
$1,200,000
Premium/Discount to List
$10,000
0.84%
Current Estimated Value
$1,686,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,220
Avg. Annual Appreciation
3.73%

Purchase Details

Closed on
May 13, 2016
Sold by
Suh Jong C
Bought by
Sung Pan Soon

Purchase Details

Closed on
Aug 27, 2015
Sold by
Suh Jong C
Bought by
Suh Jong C and Sung Pan Soon

Purchase Details

Closed on
Jan 5, 2005
Sold by
Sung Pan Soon
Bought by
Suh Jong C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
4.27%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 3, 2005
Sold by
Mw Properties Inc
Bought by
Suh Jong C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
4.27%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 1, 2004
Sold by
Kim Mindy M
Bought by
Mw Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2004
Sold by
Kim Ivan and Kim Ludivina
Bought by
Kim Mindy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Liyu Llc $1,180,000 North American Title Co Inc
Sung Pan Soon -- None Available
Suh Jong C -- Fidelity National Title
Suh Jong C -- Stewart Title
Suh Jong C $485,000 Stewart Title
Mw Properties Inc -- --
Kim Mindy M -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Suh Jong C $150,000
Previous Owner Suh Jong C $50,000
Previous Owner Suh Jong C $388,000
Previous Owner Kim Mindy M $288,000
Closed Kim Mindy M $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2016 12/01/16 Sold $1,200,000 +0.8% $324 / Sq Ft
09/08/2016 09/08/16 Pending -- -- --
09/07/2016 09/07/16 For Sale $1,190,000 -- $322 / 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 $16,698 $1,369,486 $1,021,313 $348,173
2024 $16,698 $1,342,635 $1,001,288 $341,347
2023 $16,382 $1,316,309 $981,655 $334,654
2022 $15,632 $1,290,500 $962,407 $328,093
2021 $15,429 $1,265,197 $943,537 $321,660
2019 $14,973 $1,227,672 $915,552 $312,120
2018 $14,823 $1,203,600 $897,600 $306,000
2016 $7,275 $586,195 $500,431 $85,764
2015 $7,171 $577,391 $492,915 $84,476
2014 $7,218 $551,482 $483,260 $68,222
Source: Public Records

Agents Affiliated with this Home

  • Davis Saadian

    Seller's Agent in 2016

    Davis Saadian

    Keller Williams Hollywood Hills

    (310) 402-8958

    15 in this area

    78 Total Sales

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Map

Source: The MLS

MLS Number: 16-159902

The MLS

APN: 5055-019-018

California Los Angeles County Los Angeles 90007 University Park

1276 1/2 W 22nd St, Los Angeles, CA

This home is located at 1276 1/2 W 22nd St, Los Angeles, CA 90007 since 07 September 2016 and is currently estimated at $1,718,904, approximately $464 per square foot. This property was built in 1905. 1276 1/2 W 22nd St is a home located in Los Angeles County with nearby schools including Norwood Street Elementary School, John Adams Middle School, and West Adams Preparatory High School.

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