NOT LISTED FOR SALE

Estimated Value: $1,089,000 - $1,434,000

3 Beds
2 Baths
2,128 Sq Ft
$592/Sq Ft Est. Value

Last Sold June 17, 2022

Last sale price $829,000 $390 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $8,332/month

Highlights

  • Wood Flooring
  • Cottage
  • Crown Molding
  • No HOA
  • Cul-De-Sac
  • Walk-In Closet

About This Home

As of June 2022

First time on the market in the last half century. Cottage-style home in the emerging Adams-Normandie neighborhood walking distance to USC. It is side by side 2 units. Great opportunity to investors. Property to be sold in “AS IS” condition, NO repairs whatsoever. Need TLC with tremendous potential. Zone is LARD2, could build for 2 units per LADBS. 50% of roof was replaced with cool roof product in 2015. Each has own utilities meter. One unit is 2 bed 1 bath. One is 1 bed 1 bath. 2 car garage with additional 18’ x 18’ workshop. Proximity to USC, Exposition Park, Museums, LA Stadium, minutes away from Banc of California Stadium, Staples Center, LA Convention Center. Next to The USC Department of Public Safety Patrol Zone.

Last Agent to Sell the Property

Diana Hsueh

Homequest Real Estate License #00936779 Listed on: 03/31/2022

Homequest Real Estate

Last Buyer's Agent

Diana Hsueh

Homequest Real Estate License #00936779 Listed on: 03/31/2022

Homequest Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,306

Year Built

  • Built in 1924

Lot Details

  • 5,278 Sq Ft Lot
  • No Common Walls
  • Cul-De-Sac
  • Chain Link Fence
  • Rectangular Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Side Facing Garage
  • Brick Driveway

Home Design

  • Cottage
  • Fixer Upper

Interior Spaces

  • 2,128 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Living Room
  • Gas Range

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 14 / 13
  • Assessor Parcel Number 5055019040
  • $381 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • Operating Expense $1,000
  • Gross Income $48,000
  • Net Operating Income $48,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,306

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 414500
  • Property Attached: No
  • Road Surface Type: Paved
  • Zoning: LARD2
  • Architectural Style: Cottage
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 5055019040
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Crown Molding
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 389.57
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom, Walk-In Closet

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway - Brick, Garage Faces Side
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater
  • Laundry Features: Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 5278.00
  • Lot Size Acres: 0.1212

Multi Family

  • Gross Income: 48000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5278.0000 Square Feet
  • Net Operating Income: 48000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 1000.00

Tax Info

  • Tax Block: 13
  • Tax Census Tract: 2217.10
  • Tax Lot: 14
  • Tax Tract Number: URM...
  • TaxOtherAnnualAssessmentAmount: 381.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2022
Sold by
Califlorida Investors Ii Llc
Bought by
Sofa 22Nd St Llc
Current Estimated Value
$1,258,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Interest Rate
5.89%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 31, 2022
Closed on
Apr 18, 2022
Sold by
William And Ruby Wong Family Trust
Bought by
Califlorida Investors Ii Llc
Seller's Agent
Diana Hsueh
Homequest Real Estate
Buyer's Agent
Diana Hsueh
Homequest Real Estate
List Price
$829,000
Sold Price
$829,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.03%
Original Mortgage
$1,171,200
Interest Rate
5.27%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 15, 2019
Sold by
Wong Ruby Suet Ping and William And Ruby Wong Family T
Bought by
Wong Ruby Suet Ping and William And Ruby Wong Family T

Purchase Details

Closed on
Oct 30, 2019
Sold by
Wong William Hardy and Wong Ruby Suet
Bought by
Wong Ruby Suet Ping and William And Ruby Wong Family T

Purchase Details

Closed on
May 15, 2019
Sold by
Wong William Hardy
Bought by
William And Roby Wong Fiamily Trust

Purchase Details

Closed on
Mar 22, 2013
Sold by
Wong Toy Ying Lee and Toy Ying Lee Wong Family Trust
Bought by
Wong William Hardy and Toy Ying Lee Wong Irrevocable Trust

Purchase Details

Closed on
Dec 9, 2009
Sold by
Wong Toy Ying Lee
Bought by
Wong Toy Ying Lee and Toy Ying Lee Wong Family 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
Sofa 22Nd St Llc $1,300,000 Old Republic Title
Wong Ruby Suet Ping -- None Available
William And Roby Wong Fiamily Trust -- First American Title Ins Co
Wong William Hardy -- Stewart Title Company
Wong William Hardy -- None Available
Wong Toy Ying Lee -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sofa 22Nd St Llc $1,492,000
Closed Sofa 22Nd St Llc $1,450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $829,000 0.0% $390 / Sq Ft
03/31/2022 03/31/22 For Sale $829,000 -- $390 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
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
2024 $16,306 $1,326,000 $795,600 $530,400
2023 $15,994 $1,300,000 $780,000 $520,000
2022 $803 $34,596 $17,066 $17,530
2021 $780 $33,919 $16,732 $17,187
2020 $781 $33,572 $16,561 $17,011
2019 $765 $32,915 $16,237 $16,678
2018 $655 $32,270 $15,919 $16,351
2016 $607 $31,018 $15,301 $15,717
2015 $601 $30,553 $15,072 $15,481
2014 $620 $361,633 $241,089 $120,544
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR22061984

California Regional Multiple Listing Service (CRMLS)

APN: 5055-019-040