Seller's Agent in 2022
David Stahl
Metro Resources, Inc.
(213) 687-9600
2 Total Sales
1301 N Broadway Los Angeles, CA 90012
Estimated Value: $3,415,018
6
Beds
8
Baths
7,753
Sq Ft
$440/Sq Ft
Est. Value
Highlights
- Gated Parking
- Solano Avenue Elementary Rated 9+
- Panoramic View
About This Home
As of August 2022Two story, mixed use building totaling 7,763 square feet with 4,415 square feet of vacant, renovated flex space on the ground floor and six, 1 bedroom, 1 bath residential units on the second floor. All units are separately metered for power. One of the upstairs units is vacant and has also been completely renovated. The property includes a gated parking lot. Wonderful opportunity for an owner/user to occupy the ground floor and collect rent from the upstairs tenants or for an investor to capitalize on a rapidly growing and changing part of Downtown Los Angeles. See Docs for rent roll. The building overlooks the Los Angeles State Historic Park, is three blocks from Chinatown, walking distance to Dodger Stadium, the Chinatown light rail station as well as many restaurants, developments and other amenities.
Last Agent to Sell the Property
Metro Resources, Inc. License #00891905 Listed on: 03/21/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $39,030
Year Built
- Built in 1960 | Remodeled
Lot Details
- 7,639 Sq Ft Lot
Property Views
- Panoramic
- Skyline
Interior Spaces
- 7,753 Sq Ft Home
- 2-Story Property
- Oven or Range
Bedrooms and Bathrooms
- 6 Bedrooms
- 8 Bathrooms
Parking
- 6 Parking Spaces
- Gated Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Cooling System Mounted To A Wall/Window
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
- Central Water Heater
Community Details
- 7 Units
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, interior maint
- The owner pays for water, gardener
- Assessor Parcel Number 5414-022-004
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 10, 2018
Sold by
Chin Esther
Bought by
Hunter Urban Investments Llc and Brettka 1 Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Apr 6, 2018
Sold by
Chin Esther
Bought by
Chin Esther
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jul 11, 2014
Sold by
Chin Esther
Bought by
Chin Esther and Esther Chin 2014 Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hunter Urban Investments Llc | $2,150,000 | Wfg National Title Company O | |
| Chin Esther | -- | Wfg National Title Company | |
| Chin Esther | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 5306 Fig Llc | $1,561,204 | |
| Closed | 5306 Fig Llc | $1,248,963 | |
| Closed | 5306 Fig Llc | $1,285,000 | |
| Closed | Hunter Urban Investments Llc | $950,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2022 08/12/22 | Sold | $3,075,000 | -5.4% | $397 / Sq Ft |
| 07/25/2022 07/25/22 | Pending | -- | -- | -- |
| 03/21/2022 03/21/22 | For Sale | $3,250,000 | -- | $419 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $39,030 | $3,199,230 | $2,601,000 | $598,230 |
| 2024 | $39,030 | $3,136,500 | $2,550,000 | $586,500 |
| 2023 | $29,603 | $2,351,336 | $2,296,655 | $54,681 |
| 2022 | $28,256 | $2,305,232 | $2,251,623 | $53,609 |
| 2021 | $27,888 | $2,260,032 | $2,207,474 | $52,558 |
| 2019 | $27,082 | $882,216 | $356,594 | $525,622 |
| 2018 | $11,506 | $864,918 | $349,602 | $515,316 |
| 2016 | $10,900 | $831,334 | $336,028 | $495,306 |
| 2015 | $10,753 | $818,848 | $330,981 | $487,867 |
| 2014 | $10,805 | $802,809 | $324,498 | $478,311 |
Source: Public Records
Agents Affiliated with this Home
-
David Stahl
Map
Source: The MLS
MLS Number: 22-139201
APN: 5414-022-004
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