NOT LISTED FOR SALE

Estimated Value: $1,323,000 - $1,557,278

5 Beds
3 Baths
3,064 Sq Ft
$470/Sq Ft Est. Value

Last Sold March 23, 2023

Last sale price $1,050,000 $343 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $8,709/month

69 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Living Room
  • Lawn
  • Bathtub
  • Accessible Parking

About This Home

As of March 2023

We will continue showing the property for backup offers. Please call the Agent to schedule an appt. DO NOT disturb tenants.
This duplex is located in the heart of the highly desirable Longwood Highlands area of Mid-Wilshire Los Angeles. The property consists of a lower unit with three bedrooms, a bonus room/family room in the basement (with heater and double sliding door access to the backyard) & two baths and an upper unit with two-bedroom & one bath. Both units are very spacious and have large bedrooms. There is a detached two-car garage and a large backyard with great potential for a beautiful garden, luscious lawn, and lounge/cabana-style area. There are also city views. Quiet and low-traffic street. It is centrally located to Hancock Park, Larchmont Village, The Grove, West Hollywood, Beverly Hills, and Downtown Los Angeles. It is also within walking distance of the main intersection of Pico Blvd. & San Vicente Blvd. providing convenient access to retail venues and a wide range of amenities. The property needs updating but has very good potential. Ideal property for an investor! This property has the potential for a possible ADU/Garage upgrade. Must see it in person to imagine all the different possibilities this property has to offer.
Both units are occupied. THE OWNER IS WILLING TO PROVIDE A SPECIFIC AMOUNT OF FUNDS FOR TENANT RELOCATION AND THE BUYER TO HANDLE THE TENANT RELOCATION PROCESS AND ANY RELATED PARTICULARS.

Last Agent to Sell the Property

Michael Williams

Integrity Realty and Finance License #02096916 Listed on: 11/28/2022

Last Buyer's Agent

Michael Williams

Integrity Realty and Finance License #02096916 Listed on: 11/28/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,997

Year Built

  • Built in 1928

Lot Details

  • 7,399 Sq Ft Lot
  • No Common Walls
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Cosmetic Repairs Needed

Interior Spaces

  • 3,064 Sq Ft Home
  • Entryway
  • Living Room
  • Dining Room
  • City Lights Views

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • 3 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Additional Features

  • Accessible Parking
  • Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 270
  • Tax Tract Number 4604
  • Assessor Parcel Number 5083024020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,997

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Other Phone Number: 310-877-0632
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 5083024020
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 3064.00 Square Feet
  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Eating Area: Dining Room
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 342.69
  • Room Type: Entry, Kitchen, Living Room
  • Bathroom Features: Bathtub, Shower

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Laundry: No
  • Appliances: Water Heater
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn
  • Lot Size Sq Ft: 7399.00
  • Lot Size Acres: 0.1699

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7399.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Lot: 270
  • Tax Tract Number: 4604

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2022
Closed on
Mar 9, 2023
Sold by
Presley Family Trust
Bought by
Kang Grace
Seller's Agent
Michael Williams
Integrity Realty and Finance
Buyer's Agent
Michael Williams
Integrity Realty and Finance
List Price
$1,550,000
Sold Price
$1,050,000
Premium/Discount to List
-$500,000
-32.26%
Views
17
Current Estimated Value
$1,438,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$388,570
Avg. Annual Appreciation
13.03%

Purchase Details

Listed on
Nov 28, 2022
Closed on
Mar 3, 2023
Sold by
Kang Ik Hee
Bought by
Kang Grace
Seller's Agent
Michael Williams
Integrity Realty and Finance
Buyer's Agent
Michael Williams
Integrity Realty and Finance
List Price
$1,550,000
Sold Price
$1,050,000
Premium/Discount to List
-$500,000
-32.26%
Views
17

Purchase Details

Closed on
Jul 29, 2020
Sold by
Green Kristen Nicole Presley and Presley Taryn Suzanne
Bought by
Presley Family Trust and Green

Purchase Details

Closed on
Mar 1, 1999
Sold by
Presley Alice M
Bought by
Presley Alice M and The Presley Family

Purchase Details

Closed on
Dec 24, 1993
Sold by
Presley Deborah T
Bought by
Presley Thomas W
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
Kang Grace $1,025,000 Old Republic Title Company
Kang Grace -- Old Republic Title Company
Presley Family Trust -- None Listed On Document
Green Kristen Nicole Presl -- None Listed On Document
Presley Alice M -- --
Presley Thomas W -- American Coast Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2023 03/23/23 Sold $1,050,000 -19.2% $343 / Sq Ft
01/20/2023 01/20/23 Price Changed $1,299,000 -7.1% $424 / Sq Ft
12/22/2022 12/22/22 Price Changed $1,399,000 -6.7% $457 / Sq Ft
12/13/2022 12/13/22 Price Changed $1,499,000 -3.3% $489 / Sq Ft
11/28/2022 11/28/22 For Sale $1,550,000 -- $506 / 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 $12,997 $1,066,410 $639,846 $426,564
2024 $12,997 $1,045,500 $627,300 $418,200
2023 $21,073 $1,718,740 $1,456,560 $262,180
2022 $20,095 $1,685,040 $1,428,000 $257,040
2021 $18,240 $1,515,540 $909,324 $606,216
2020 $3,737 $275,952 $137,976 $137,976
2019 $3,603 $270,542 $135,271 $135,271
2018 $3,505 $265,238 $132,619 $132,619
2016 $3,325 $254,940 $127,470 $127,470
2015 $3,280 $251,112 $125,556 $125,556
2014 $3,306 $246,194 $123,097 $123,097
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN22247628

California Regional Multiple Listing Service (CRMLS)

APN: 5083-024-020