NOT LISTED FOR SALE

1321 S Highland Ave Los Angeles, CA 90019

Miracle Mile Neighborhood

Estimated Value: $1,384,000 - $2,068,000

8 Beds
4 Baths
3,250 Sq Ft
$551/Sq Ft Est. Value

Last Sold January 22, 2013

Last sale price $805,000 $248 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $10,775/month

41 Days on Market

About This Home

As of January 2013

A rare four unit investment opportunity in one of premier mid-city neighborhoods. This rehabbed fourplex with all 2 bedroom 1 bath units offers the investor an opportunity to capture market rents for the three vacant completely updated units including two with new kitchens, quartz countertops, stainless appliances, hardwood floors and designer fixtures. Owner occupants – Welcome! Live in one of the updated oversized units and collect rent from the remaining three units to help with the mortgage. $6,220 in income! Each unit has an assigned enclosed garage space that can be used for parking or storage. Short drive to the newly revived Pico Blvd corridor with hip restaurants and coffee shops and within close proximity to the Grove and the historic famers market. Building upgrades includes new exterior paint throughout, new windows and newly redesigned landscaping.

Last Agent to Sell the Property

Alazar Asmamaw

A-Squared Property Inc. License #01844152 Listed on: 11/13/2012

Last Buyer's Agent

Felix Villanueva

Century 21 Albert Foulad Realty License #01115278

Century 21 Albert Foulad Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,221

Year Built

  • Built in 1925

Lot Details

  • 5,999 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 4 Car Garage

Home Design

  • 3,250 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 61
  • Tax Tract Number 5069
  • Assessor Parcel Number 5070001005

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $2,000
  • New Taxes Expense $9,938
  • Gross Income $6,220
  • Net Operating Income $57,982

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,221

Year Built

Built in 1925

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2000.00
  • Property Type: Residential Income
  • Parcel Number: 5070001005
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 247.69

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 5999.00
  • Lot Size Acres: 0.1380

Multi Family

  • Gross Income: 6220.00
  • Gross Scheduled Income: 74640.00
  • Lot Size Area: 5999.0000 Square Feet
  • Net Operating Income: 57982.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 16659.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 9938.00
  • Tax Lot: 61
  • Tax Tract Number: 5069
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2012
Closed on
Feb 27, 2013
Sold by
Chen Johnny Yen Wen
Bought by
1321 Highland Apartments Llc
Seller's Agent
Alazar Asmamaw
A-Squared Property Inc.
Buyer's Agent
Felix Villanueva
Century 21 Albert Foulad Realty
List Price
$795,000
Sold Price
$805,000
Premium/Discount to List
$10,000
1.26%
Current Estimated Value
$1,790,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$985,606
Avg. Annual Appreciation
6.09%

Purchase Details

Listed on
Nov 13, 2012
Closed on
Nov 27, 2012
Sold by
White Cottage Fund Llc
Bought by
Chen Johnny Yen Wen and Dang Kathy Binh
Seller's Agent
Alazar Asmamaw
A-Squared Property Inc.
Buyer's Agent
Felix Villanueva
Century 21 Albert Foulad Realty
List Price
$795,000
Sold Price
$805,000
Premium/Discount to List
$10,000
1.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,000
Interest Rate
3.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2012
Sold by
The Restatement Of Ramon Yvonne Evans Li
Bought by
Allen Claudia Eudel

Purchase Details

Closed on
Apr 13, 2012
Sold by
Evans Ramona Y
Bought by
White Cottage Fund Llc

Purchase Details

Closed on
Apr 8, 2010
Sold by
Evans Ramona Yvonne
Bought by
Evans Ramona Yvonne and The Ramona Yvonne Evans Living Trust

Purchase Details

Closed on
Aug 8, 2003
Sold by
Arnold David Leroy
Bought by
Evans Ramona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,900
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2003
Sold by
Lindsay Inc
Bought by
Evans Ramona Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,900
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 2000
Sold by
Evans Ramona Y
Bought by
Lindsay Inc

Purchase Details

Closed on
May 27, 1999
Sold by
Hyman L Evans Trust
Bought by
Evans Ramona Y

Purchase Details

Closed on
Jan 11, 1999
Sold by
Evans Hyman L
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
May 16, 1994
Sold by
Evans Ramona
Bought by
Evans Hyman L
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1321 Highland Apartments Llc -- None Available
Chen Johnny Yen Wen $805,000 Chicago Title Company
White Cottage Fund Llc $476,438 None Available
Evans Ramona Yvonne -- None Available
Evans Ramona -- First American Title Ins Co
Evans Ramona Y -- First American Title Ins Co
Lindsay Inc -- --
Evans Ramona Y -- --
Federal Home Loan Mortgage Corporation $22,000 Stewart Title
Evans Hyman L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Johnny Yen Wen $644,000
Previous Owner Evans Ramona Y $585,000
Previous Owner Evans Ramona $400,000
Previous Owner Evans Ramona Y $355,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2013 01/22/13 Sold $805,000 +1.3% $248 / Sq Ft
11/21/2012 11/21/12 Pending -- -- --
10/11/2012 10/11/12 For Sale $795,000 -- $245 / Sq Ft
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
2025 $12,221 $991,288 $738,852 $252,436
2024 $12,221 $971,852 $724,365 $247,487
2023 $11,993 $952,797 $710,162 $242,635
2022 $11,450 $934,116 $696,238 $237,878
2021 $11,297 $915,801 $682,587 $233,214
2019 $10,967 $888,640 $662,342 $226,298
2018 $10,824 $871,216 $649,355 $221,861
2016 $10,335 $837,388 $624,141 $213,247
2015 $10,187 $824,810 $614,766 $210,044
2014 $10,242 $808,654 $602,724 $205,930
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Alazar Asmamaw

    A-Squared Property Inc.

    Section Image

  • F

    Buyer's Agent in 2013

    Felix Villanueva

    Century 21 Albert Foulad Realty

    (818) 906-7733

    1 Total Sale

    Felix Villanueva
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB12126933

California Regional Multiple Listing Service (CRMLS)

APN: 5070-001-005

California Los Angeles County Los Angeles 90019 Miracle Mile

1321 S Highland Ave, Los Angeles, CA

This home is located at 1321 S Highland Ave, Los Angeles, CA 90019 since 13 November 2012 and is currently estimated at $1,790,606, approximately $550 per square foot. This property was built in 1925. 1321 S Highland Ave is a home located in Los Angeles County with nearby schools including Saturn Street Elementary School, Los Angeles Senior High School, and ReJOYce In Jesus Christian School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes