NOT LISTED FOR SALE

1322 4th Ave Los Angeles, CA 90019

Arlington Heights Neighborhood

Estimated Value: $1,445,000 - $1,814,000

8 Beds
4 Baths
3,872 Sq Ft
$411/Sq Ft Est. Value

Sale Details

Date Sold: February 27, 2017

Last sale price $1,000,000 $258 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $9,612 / mo

147 Days on Market

Highlights

  • Wood Flooring
  • Garden Windows
  • Wall Furnace
  • No HOA
  • Wrought Iron Fence

About This Home

As of February 2017

Don’t miss this perfect opportunity to acquire a lucrative investment in the most desirable Koreatown location. This quiet residential location gives very nice neighborhood settings with easy access to I-10 free way and offices, shopping centers and ethnical restaurants. All 4 units have 2 Br & 1 Ba. 3 units are upgraded with hardwood floor and one unit kitchen recently remodeled with granite counter tops. 2 units have laundry hook ups. Each unit has it’s own Gas meter, Electricity meter and Water meter. Buyer to investigate all permits on the property.

Last Agent to Sell the Property

Paul Yoo

No Firm Affiliation License #01274972 Listed on: 08/05/2016

No Firm Affiliation

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,602 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence

Parking

  • 7 Open Parking Spaces
  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 3,872 Sq Ft Home
  • Garden Windows
  • Wood Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7
  • Tax Tract Number 21812
  • Assessor Parcel Number 5072026007

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1,680
  • Insurance Expense $600
  • New Taxes Expense $12,000
  • Operating Expense $14,280
  • Gross Income $4,950
  • Net Operating Income $69,720

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

6,602 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5072026007
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Levels: Two
  • Price Per Square Foot: 258.26
  • Window Features: Garden Window(s)

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6602.00
  • Price Per Lot Square Foot: 166.54

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1680.00
  • Gross Income: 4950.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 600.00
  • Net Operating Income: 69720.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 14280.00
  • Rent Control: Yes
  • Total Expenses: 14280.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Lot: 7
  • Tax Tract Number: 21812

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2016
Closed on
Jan 23, 2017
Sold by
Bought by
Seller's Agent
Paul Yoo
No Firm Affiliation
List Price
$1,199,500
Sold Price
$1,000,000
Premium/Discount to List
-$199,500
-16.63%
Current Estimated Value
$1,556,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$556,897
Avg. Annual Appreciation
5.08%
Original Mortgage
$700,000
Interest Rate
0.0412%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,400
Interest Rate
0.0725%

Purchase Details

Closed on
Aug 1, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,711
Interest Rate
0.0863%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 26, 1999
Sold by
Bought by

Purchase Details

Closed on
Oct 3, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
0.0749%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 5, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
0.0749%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 13, 1997
Sold by
Bought by

Purchase Details

Closed on
Sep 25, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,000,000 Ticor Title Company
$383,500 --
$308,134 --
-- --
$285,000 Benefit Land Title
-- Old Republic Title Company
$167,500 Old Republic Title Company
$157,250 American Title Ins Co
$243,000 Investors Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $700,000
Closed $246,292
Closed $304,000
Closed $287,400
Closed $277,711
Closed $10,417
Closed $162,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/27/2017 02/27/17 Sold $1,000,000 -16.6% $258 / Sq Ft
12/30/2016 12/30/16 Pending -- -- --
08/05/2016 08/05/16 For Sale $1,199,500 -- $310 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,433 $1,160,580 $812,407 $348,173
2024 $14,261 $1,137,825 $796,478 $341,347
2023 $13,994 $1,115,515 $780,861 $334,654
2022 $13,357 $1,093,643 $765,550 $328,093
2021 $13,179 $1,072,200 $750,540 $321,660
2019 $12,792 $1,040,400 $728,280 $312,120
2018 $12,640 $1,020,000 $714,000 $306,000
2016 $5,891 $469,187 $244,688 $224,499
2015 $5,808 $462,140 $241,013 $221,127
2014 $5,852 $453,088 $236,292 $216,796
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2017

    Paul Yoo

    No Firm Affiliation

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16172151

California Regional Multiple Listing Service (CRMLS)

APN: 5072-026-007

California Los Angeles County Los Angeles 90019 Arlington Heights

1322 4th Ave, Los Angeles, CA

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

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