NOT LISTED FOR SALE

Estimated Value: $723,000 - $867,793

5 Beds
2 Baths
1,288 Sq Ft
$608/Sq Ft Est. Value

Last Sold February 23, 2022

Last sale price $680,000 $528 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,004/month

97 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Private Yard
  • Wall Furnace
  • City Lights View
  • Laundry Room

About This Home

As of February 2022

BACK ON THE MARKET. Live in one and rent the other unit out in one of the most up and coming areas in Los Angeles. Centrally located within a 1/2 mile of University of Southern California (USC), the Coliseum and Banc of California Stadium. These units are conveniently adjoined by an alley that provides private access and parking. Both units are currently leased by tenants on a month to month basis. The front unit was partially updated in 2015 and has three bedrooms and one bathroom. The back unit which has two bedrooms and one bathroom was renovated in the last two years with newer flooring, bathroom, kitchen and plumbing. The roof for the front unit is about two years old and one year old for the back unit. Considering the proximity to USC and high rents in the area, this property offers tremendous upside. Seller is willing to pay to relocate one of the tenants for owner occupied financing.

Last Agent to Sell the Property

Anthony Luevanos

ROA California Inc. License #02019276 Listed on: 10/06/2021

Last Buyer's Agent

Jimmy Thach

Seal Real Estate License #01386221

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,852

Year Built

  • Built in 1913

Lot Details

  • 4,693 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Shingle Roof

Interior Spaces

  • 1,288 Sq Ft Home
  • Laminate Flooring
  • City Lights Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • Parking Available
  • Driveway

Utilities

  • Wall Furnace
  • Water Heater

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 231
  • Assessor Parcel Number 5036001008
  • $334 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,707
  • Trash Expense $2,000
  • Water Sewer Expense $2,500
  • New Taxes Expense $334
  • Operating Expense $6,541
  • Gross Income $35,750
  • Net Operating Income $26,603

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,852

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Price Per Unit: 335000
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 2500.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5036001008
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 527.95
  • Room Type: All Bedrooms Down

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Sq Ft: 4693.00
  • Lot Size Acres: 0.1077

Multi Family

  • Gross Income: 35750.00
  • Gross Scheduled Income: 33144.00
  • Insurance Expense: 1707.00
  • Lot Size Area: 4693.0000 Square Feet
  • Net Operating Income: 26603.35
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 6540.65
  • Rent Control: Yes
  • Total Expenses: 6540.65

Tax Info

  • New Taxes Expense: 333.65
  • Tax Census Tract: 2313.00
  • Tax Lot: 5
  • Tax Tract Number: 231...
  • TaxOtherAnnualAssessmentAmount: 334.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2024
Sold by
Son Thanh and Yam Lan
Bought by
Son Yam Trust and Son
Current Estimated Value
$779,147

Purchase Details

Listed on
Oct 6, 2021
Closed on
Feb 7, 2022
Sold by
Mortezai Rad Ebrahim
Bought by
Son Thanh and Yam Lan
Seller's Agent
Anthony Luevanos
ROA California Inc.
Buyer's Agent
Jimmy Thach
Seal Real Estate
List Price
$670,000
Sold Price
$680,000
Premium/Discount to List
$10,000
1.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.85%
Original Mortgage
$510,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2020
Sold by
Ghasemi Zohreh and Rad Ebrahim Mortezai
Bought by
Rad Ebrahim Mortezai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2020
Sold by
Exposition Blvd Llc
Bought by
Rad Ebrahim Mortezai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2016
Sold by
Rad Ebrahim Mortezai and Ghasemi Zohreh
Bought by
1322 Exposition Blvd Llc

Purchase Details

Closed on
Feb 29, 2016
Sold by
Rad Ebrahim M and Ghasemi Zohrch
Bought by
Rad Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 2, 2015
Closed on
Sep 9, 2015
Sold by
Barrera Jorge L
Bought by
The Rad Family Trust
Seller's Agent
Garth Davis
Startronic Real Estate
Buyer's Agent
Niloufar Ghavami
Keller Williams Luxury
List Price
$250,000
Sold Price
$306,000
Premium/Discount to List
$56,000
22.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.89%
Original Mortgage
$170,000
Interest Rate
3.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 2014
Sold by
Chavez Eduardo R
Bought by
Barrera Jorge

Purchase Details

Closed on
May 25, 2006
Sold by
Barrera Jorge L
Bought by
Chavez Eduardo R and Barrera Jorge L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 10, 2006
Sold by
Rodriguez Jose Alfredo
Bought by
Barrera Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 11, 2004
Sold by
Castaneda Hugo Yovam and Castaneda Maria
Bought by
Rodriguez Jose Alfredo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,800
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2003
Sold by
Magallon Francisco and Florian Edgar
Bought by
Castaneda Hugo Yovani and Castaneda Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2003
Sold by
Magallon Francisco
Bought by
Magallon Francisco and Florian Edgar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2002
Sold by
Monterroza Marixa
Bought by
Magallon Francisco

Purchase Details

Closed on
Apr 24, 2002
Sold by
Cooper Robert A
Bought by
Magallon Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,400
Interest Rate
8.75%

Purchase Details

Closed on
Jun 28, 1999
Sold by
Cooper Robert A
Bought by
Cooper Robert A and Davis Linda Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.24%

Purchase Details

Closed on
Jun 11, 1999
Sold by
Cooper Kotey Carol Jeanne and Cooper Robert Anthoney
Bought by
Cooper Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.24%

Purchase Details

Closed on
Apr 29, 1999
Sold by
Cooper Robert
Bought by
Cooper Robert and Davis Linda Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.24%

Purchase Details

Closed on
Jul 10, 1998
Sold by
Cooper Ruth M Trust
Bought by
Cooper Kotey Carol Jeanne and Cooper Robert Anthony

Purchase Details

Closed on
Feb 28, 1998
Sold by
Cooper Ruth M
Bought by
Ruth M Cooper Revocable Trust

Purchase Details

Closed on
Mar 23, 1994
Sold by
Cooper Ruth M
Bought by
Cooper Robert
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
Son Yam Trust -- None Listed On Document
Son Thanh $680,000 Pacific Coast Title
Rad Ebrahim Mortezai -- Wfg National Title
Rad Ebrahim Mortezai -- Wfg National Title
1322 Exposition Blvd Llc -- None Available
Rad Family Trust -- Provident Title Company
Rad Ebrahim M -- Provident Title Company
The Rad Family Trust $306,000 Chicago Title
Barrera Jorge -- None Available
Chavez Eduardo R -- None Available
Barrera Jorge $550,000 Sutic
Rodriguez Jose Alfredo $350,000 First Southwestern Title Com
Castaneda Hugo Yovani $275,000 Southland Title Company
Magallon Francisco -- Southland Title
Magallon Francisco -- Provident Title
Magallon Francisco $176,000 Provident Title
Cooper Robert A -- Provident Title
Cooper Robert A -- South Coast Title Company
Cooper Robert A -- South Coast Title Company
Cooper Robert -- --
Cooper Kotey Carol Jeanne -- --
Ruth M Cooper Revocable Trust -- --
Cooper Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Son Thanh $510,000
Previous Owner Rad Ebrahim Mortezai $295,000
Previous Owner Rad Ebrahim M $210,000
Previous Owner The Rad Family Trust $170,000
Previous Owner Barrera Jorge $440,000
Previous Owner Barrera Jorge $55,000
Previous Owner Rodriguez Jose Alfredo $467,500
Previous Owner Rodriguez Jose Alfredo $414,000
Previous Owner Rodriguez Jose Alfredo $260,800
Previous Owner Rodriguez Jose Alfredo $24,000
Previous Owner Castaneda Hugo Yovani $247,500
Previous Owner Magallon Francisco $158,400
Previous Owner Cooper Robert A $30,000
Closed Rodriguez Jose Alfredo $65,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2022 02/23/22 Sold $680,000 +1.5% $528 / Sq Ft
01/12/2022 01/12/22 Pending -- -- --
01/03/2022 01/03/22 For Sale $670,000 -1.5% $520 / Sq Ft
12/25/2021 12/25/21 Pending -- -- --
12/15/2021 12/15/21 Off Market $680,000 -- --
12/15/2021 12/15/21 For Sale $670,000 -1.5% $520 / Sq Ft
12/07/2021 12/07/21 Off Market $680,000 -- --
11/22/2021 11/22/21 Price Changed $670,000 +3.1% $520 / Sq Ft
11/05/2021 11/05/21 For Sale $650,000 0.0% $505 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
10/06/2021 10/06/21 For Sale $650,000 +112.4% $505 / Sq Ft
10/07/2015 10/07/15 Sold $306,000 +22.4% $238 / Sq Ft
08/19/2015 08/19/15 Pending -- -- --
06/12/2015 06/12/15 For Sale $250,000 -- $194 / 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 $8,852 $721,621 $424,483 $297,138
2024 $8,852 $707,472 $416,160 $291,312
2023 $8,683 $693,600 $408,000 $285,600
2022 $7,630 $624,240 $510,000 $114,240
2021 $7,530 $612,000 $500,000 $112,000
2020 $4,309 $331,222 $231,856 $99,366
2019 $4,144 $324,728 $227,310 $97,418
2018 $4,063 $318,361 $222,853 $95,508
2016 $3,878 $306,000 $214,200 $91,800
2015 $7,685 $625,380 $568,531 $56,849
2014 $7,719 $613,131 $557,395 $55,736
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21216861

California Regional Multiple Listing Service (CRMLS)

APN: 5036-001-008