NOT LISTED FOR SALE

Estimated Value: $887,000 - $988,000

8 Beds
6 Baths
3,837 Sq Ft
$242/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $943,000 $246 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,852/month

91 Days on Market

About This Home

As of December 2023

A rare opportunity to buy a well maintained, LAR4 ZONED, Four Unit Residential Income Property, which offers many upgrades and possibilities. The 2bedroom/2 bathroom unit will be delivered vacant which is perfect for an owner occupied investment or it can offer a tremendous value add potential for a local and experienced investor to capitalize on the growing rents in the area. It sits on a large 6,259 sq ft lot size with 3,837 sq ft of living space and has ample parking for each unit. Units with current rents: Unit 1 is 1bed/1 bath $743, Unit 2 is 2 bed/2 bath $2,100 (will be delivered vacant), Unit 3 is 2 bed/1 bath $1,156.00, Unit 4 is 3 bed/2 bath $2,137. Good Location with 10 fwy and 110 fwy nearby and within minutes to USC, Exposition Park, Downtown LA, the fashion district, LA Live., Restaurants & Shops.

Last Agent to Sell the Property

Melinda Lira

Home Pride Real Estate License #01900154 Listed on: 07/20/2023

Last Buyer's Agent

Out of Area Out of Area

Out of Area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1902

Lot Details

  • 6,249 Sq Ft Lot

Home Design

  • Split Level Home

Interior Spaces

  • 3,837 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5120-001-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1902

Lot Details

6,249 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Advertising Remarks: A rare opportunity to buy a well maintained, LAR4 ZONED, Four Unit Residential Income Property, which offers many upgrades and possibilities. The 2bedroom/2 bathroom unit will be delivered vacant which is perfect for an owner occupied investment or it can offer a tremendous value add potential for a local and experienced investor to capitalize on the growing rents in the area. It sits on a large 6,259 sq ft lot size with 3,837 sq ft of living space and has ample parking for each unit. Type of Units: Unit 1 is 1bed/1 bath, Unit 2 is 2 bed/2 bath (will be delivered vacant), Unit 3 is 2 bed/1 bath, Unit 4 is 3 bed/2 bath. Good Location with 10 fwy and 110 fwy nearby and within minutes to USC, Exposition Park, Downtown LA, the fashion district, LA Live., Restaurants & Shops.
  • Exclusions: All tenant owned items.
  • Living Area: 3837
  • Lot Acreage: 0.1435
  • Stories: 2
  • Year Built: 1902
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 6.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 252.28

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 6
  • Parking Garage: Parking Space, Uncovered
  • Total Parking: 6

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 33.33
  • Assessed Improvement Value: 89757
  • Assessed Land Percent: 66.67
  • Assessed Land Value: 179524
  • Total Assessed Value: 269281
  • Assessor Parcel Number: 5120-001-010
  • Lot Size Area: 6249

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Type Of Units: Multifamily

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2025
Sold by
Zepeda Lainie
Bought by
Alvarado Gerardo Antonio and Alvarado Oswaldo
Current Estimated Value
$928,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$887,626
Outstanding Balance
$883,065
Interest Rate
6.85%
Mortgage Type
FHA
Estimated Equity
$45,035

Purchase Details

Listed on
Jul 20, 2023
Closed on
Nov 7, 2023
Sold by
Zepeda John Raymond
Bought by
Zepeda Lainie
Seller's Agent
Melinda Lira
Home Pride Real Estate
Buyer's Agent
Out of Area Out of Area
Out of Area
List Price
$968,000
Sold Price
$943,000
Premium/Discount to List
-$25,000
-2.58%
Views
101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.69%
Original Mortgage
$510,000
Interest Rate
7.79%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 20, 2023
Closed on
Oct 20, 2023
Sold by
Hodge Family Trust
Bought by
Zepeda Lainie
Seller's Agent
Melinda Lira
Home Pride Real Estate
Buyer's Agent
Out of Area Out of Area
Out of Area
List Price
$968,000
Sold Price
$943,000
Premium/Discount to List
-$25,000
-2.58%
Views
101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
7.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2006
Sold by
Hodge Stanley Murry and Hodge Vicki G
Bought by
Hodge Stanley Murry

Purchase Details

Closed on
Jul 22, 2003
Sold by
Maywether Gerald and Maywether Phyromn L
Bought by
Hodge Stanley Murry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,750
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 2003
Sold by
Hodge Vicki Gail
Bought by
Hodge Stanley Murry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,750
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Alvarado Gerardo Antonio $904,000 Chicago Title Insurance Compan
Zepeda Lainie -- Consumers Title Company
Zepeda Lainie $920,000 Consumers Title Company
Hodge Stanley Murry -- None Available
Hodge Stanley Murry $201,000 Old Republic Title Company
Hodge Stanley Murry -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarado Gerardo Antonio $887,626
Previous Owner Zepeda Lainie $510,000
Previous Owner Hodge Stanley Murry $150,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2023 12/08/23 Sold $943,000 -2.6% $246 / Sq Ft
10/19/2023 10/19/23 Pending -- -- --
10/11/2023 10/11/23 Price Changed $968,000 0.0% $252 / Sq Ft
10/11/2023 10/11/23 For Sale $968,000 +2.7% $252 / Sq Ft
10/09/2023 10/09/23 Off Market $943,000 -- --
09/22/2023 09/22/23 For Sale $988,000 0.0% $257 / Sq Ft
09/13/2023 09/13/23 Pending -- -- --
08/16/2023 08/16/23 For Sale $988,000 +4.8% $257 / Sq Ft
08/10/2023 08/10/23 Off Market $943,000 -- --
07/20/2023 07/20/23 For Sale $988,000 -- $257 / Sq Ft
Source: The MLS

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 $11,643 $938,400 $612,000 $326,400
2024 $11,643 $920,000 $600,000 $320,000
2023 $3,804 $274,666 $183,114 $91,552
2022 $3,641 $269,281 $179,524 $89,757
2021 $3,589 $264,002 $176,004 $87,998
2019 $3,491 $256,174 $170,785 $85,389
2018 $3,355 $251,152 $167,437 $83,715
2016 $3,191 $241,401 $160,936 $80,465
2015 $3,148 $237,776 $158,519 $79,257
2014 $3,185 $233,119 $155,414 $77,705
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-292759

The MLS

APN: 5120-001-010

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