NOT LISTED FOR SALE

1306 W Martin Luther King jr Blvd Los Angeles, CA 90037

Vermont Square Neighborhood

Estimated Value: $847,000 - $890,000

4 Beds
4 Baths
3,844 Sq Ft
$227/Sq Ft Est. Value

Last Sold September 23, 2024

Last sale price $850,000 $221 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,084/month

148 Days on Market

About This Home

As of September 2024

Fantastic 4-plex with tremendous upside potential. The building features 4 one bedroom/one bathroom units and is centrally located to all the best Los Angeles has to offer. This property is close to downtown and USC. This is a great investment opportunity that is affordable and offers tremendous upside potential and growth.

Last Agent to Sell the Property

Thomas Hilal

Nourmand & Associates-BH License #01354379 Listed on: 04/29/2024

Nourmand & Associates-BH

Last Buyer's Agent

Thomas Hilal

Nourmand & Associates-BH License #01354379 Listed on: 04/29/2024

Nourmand & Associates-BH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,522

Year Built

  • Built in 1916

Lot Details

  • 6,354 Sq Ft Lot

Parking

  • 4 Parking Spaces

Interior Spaces

  • 3,844 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5020-001-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,522

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3844
  • Lot Acreage: 0.1459
  • Stories: 2
  • Year Built: 1916
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 228.93

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 4

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 35.55
  • Assessed Improvement Value: 141450
  • Assessed Land Percent: 64.45
  • Assessed Land Value: 256394
  • Total Assessed Value: 397844
  • Assessor Parcel Number: 5020-001-002
  • Lot Size Area: 6354

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 15.17
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Apartments
  • Vacancy Rate: 0.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2024
Closed on
Aug 15, 2024
Sold by
Mihara Dozplanet Trust and Mihara Jonne M
Bought by
1306 W Martin Luther King Jr Blvd Llc
Seller's Agent
Thomas Hilal
Nourmand & Associates-BH
Buyer's Agent
Thomas Hilal
Nourmand & Associates-BH
List Price
$880,000
Sold Price
$850,000
Premium/Discount to List
-$30,000
-3.41%
Views
9
Current Estimated Value
$872,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,226
Avg. Annual Appreciation
2.51%
Original Mortgage
$680,000
Outstanding Balance
$671,697
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$200,529

Purchase Details

Closed on
Feb 24, 2015
Sold by
Mihara Joane M
Bought by
Mihara Dozplanet Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2011
Sold by
Mihara Jonne M and Dozplanet Mayoka
Bought by
Mihara Jonne M and Dozplanet Mayoka

Purchase Details

Closed on
Dec 23, 2004
Sold by
Mihara Minoru
Bought by
Mihara Minoru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
2%
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
1306 W Martin Luther King Jr Blvd Llc $850,000 Old Republic Title Company
Mihara Dozplanet Trust -- Accommodation
Mihara Joane M -- Wfg Title Company
Mihara Jonne M -- None Available
Mihara Minoru -- Ctc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1306 W Martin Luther King Jr Blvd Llc $680,000
Previous Owner Mihara Joane M $311,500
Previous Owner Mihara Minoru $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2024 09/23/24 Sold $850,000 -3.4% $221 / Sq Ft
08/06/2024 08/06/24 Pending -- -- --
04/29/2024 04/29/24 For Sale $880,000 0.0% $229 / Sq Ft
03/20/2024 03/20/24 Pending -- -- --
03/11/2024 03/11/24 For Sale $880,000 -- $229 / 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 $5,522 $850,000 $650,000 $200,000
2024 $5,522 $405,800 $261,521 $144,279
2023 $5,429 $397,844 $256,394 $141,450
2022 $5,200 $390,044 $251,367 $138,677
2021 $5,116 $382,397 $246,439 $135,958
2019 $4,975 $371,057 $239,131 $131,926
2018 $4,864 $363,783 $234,443 $129,340
2016 $4,623 $349,659 $225,341 $124,318
2015 $4,561 $344,408 $221,957 $122,451
2014 $4,604 $337,663 $217,610 $120,053
Source: Public Records

Agents Affiliated with this Home

  • Thomas Hilal

    Seller's Agent in 2024

    Thomas Hilal

    Nourmand & Associates-BH

    (310) 486-1065

    1 in this area

    83 Total Sales

    Thomas Hilal
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Map

Source: The MLS

MLS Number: 24-367434

The MLS

APN: 5020-001-002

California Los Angeles County Los Angeles 90037 Vermont Square

1306 W Martin Luther King jr Blvd, Los Angeles, CA

This home is located at 1306 W Martin Luther King jr Blvd, Los Angeles, CA 90037 since 29 April 2024 and is currently estimated at $872,226, approximately $226 per square foot. This property was built in 1916. 1306 W Martin Luther King jr Blvd is a home located in Los Angeles County with nearby schools including Normandie Avenue Elementary School, Barack Obama Global Preparation Academy, and Manual Arts Senior High School.

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