Seller's Agent in 2022
Brian Noh
Nohco Real Estate
(213) 804-7647
2 in this area
135 Total Sales
1335 E 21st St Los Angeles, CA 90011
Central Alameda NeighborhoodEstimated Value: $881,000 - $1,077,000
8
Beds
4
Baths
3,188
Sq Ft
$299/Sq Ft
Est. Value
Highlights
- Cooling System Mounted To A Wall/Window
- Laundry Room
- Ceiling Fan
- Living Room
- Tile Flooring
- Wall Furnace
About This Home
As of August 20224 unit apartment offering a tremendous value add opportunity for a local and experienced investor to capitalize on the growing rents in the area.
The entire property is comprised of a two story buildings totaling 3,188sf and built in 1965. It sits on almost 6,047sf of R4 zoned land in a designated Opportunity Zone. All of the units are Two Bedroom, in good condition, and has month to month tenants all paying rent with no delinquencies.
The rear provides ample parking for two spaces for each unit, enough space to construct a new ADU, and offers a potential developer huge opportunity to build on the R4 zoned land and to maximize unit density in a high demand rental market. Location south of the 10 fwy, east of the 110 fwy, and 2 miles to USC, Exposition Park, Downtown LA, the fashion district, LA Live., Restaurants & Shops.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 6,047 Sq Ft Lot
- 1 Common Wall
- Front Yard
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
- Stucco
Interior Spaces
- 3,188 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Living Room
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Parking Available
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 18 / 1
- Assessor Parcel Number 5119001013
- $509 per year additional tax assessments
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $23,363
- Gross Income $57,753
- Net Operating Income $32,657
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 5, 2018
Closed on
Jul 31, 2018
Sold by
Hernandez Carmen and The Carmen Hernandez Trust
Bought by
Davidson Alex King
Seller's Agent
Manuel Davila
MERIT REALTY GROUP
Buyer's Agent
Raymond Yudain
Raymond Yudain
List Price
$698,888
Sold Price
$721,000
Premium/Discount to List
$22,112
3.16%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,709
Avg. Annual Appreciation
3.89%
Original Mortgage
$490,000
Outstanding Balance
$425,545
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$528,455
Purchase Details
Closed on
Apr 29, 2011
Sold by
Hernandez Carmen
Bought by
The Carmen Hernandez Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
4.77%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 26, 2009
Sold by
Hernandez Carmen
Bought by
The Carmen Hernandez Trust
Purchase Details
Closed on
Nov 12, 2001
Sold by
Hernandez Samuel
Bought by
Hernandez Carmen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Davidson Alex King | $721,000 | Stewart Title Of California | |
| Davidson Alex King | -- | Stewart Title Of California | |
| The Carmen Hernandez Trust | -- | Lsi Title Company | |
| Hernandez Carmen | -- | Lsi Title Company | |
| The Carmen Hernandez Trust | -- | None Available | |
| Hernandez Carmen | -- | Fidelity Title | |
| Hernandez Carmen | -- | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Davidson Alex King | $490,000 | |
| Previous Owner | Hernandez Carmen | $196,000 | |
| Previous Owner | Hernandez Carmen | $175,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/30/2022 08/30/22 | Sold | $850,000 | -5.5% | $267 / Sq Ft | |
| 08/09/2022 08/09/22 | Pending | -- | -- | -- | |
| 07/27/2022 07/27/22 | For Sale | $899,000 | +24.7% | $282 / Sq Ft | |
| 08/31/2018 08/31/18 | Sold | $721,000 | +3.2% | $226 / Sq Ft | View Prior Sale |
| 08/23/2018 08/23/18 | Pending | -- | -- | -- | |
| 07/05/2018 07/05/18 | For Sale | $698,888 | -- | $219 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,942 | $884,340 | $551,412 | $332,928 |
| 2024 | $10,942 | $867,000 | $540,600 | $326,400 |
| 2023 | $10,736 | $850,000 | $530,000 | $320,000 |
| 2022 | $9,367 | $757,898 | $420,470 | $337,428 |
| 2021 | $9,241 | $743,038 | $412,226 | $330,812 |
| 2020 | $9,330 | $735,420 | $408,000 | $327,420 |
| 2019 | $8,971 | $721,000 | $400,000 | $321,000 |
| 2018 | $3,259 | $239,598 | $69,947 | $169,651 |
| 2016 | $3,086 | $230,296 | $67,232 | $163,064 |
| 2015 | $3,046 | $226,838 | $66,223 | $160,615 |
| 2014 | $3,082 | $222,395 | $64,926 | $157,469 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Noh
-
Manuel Davila
M
Seller's Agent in 2018
Manuel Davila
MERIT REALTY GROUP
(213) 675-3976
43 Total Sales
-
R
Buyer's Agent in 2018
Raymond Yudain
Raymond Yudain
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22163939
APN: 5119-001-013
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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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