NOT LISTED FOR SALE

1340 5th Ave Los Angeles, CA 90019

Arlington Heights Neighborhood

Estimated Value: $1,356,320 - $1,376,000

7 Beds
5 Baths
3,100 Sq Ft
$441/Sq Ft Est. Value

Last Sold November 25, 2013

Last sale price $670,000 $216 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $8,126/month

167 Days on Market

About This Home

As of November 2013

UPDATE - PRICE REDUCED BY $30,000!BEST PRICED FOUR UNIT IN THE AREA! This property presents a great opportunity for potential owner users! Property shows very well and the three-bedroom unit is beautiful. It is individually metered for utilities, has two water heaters, and features on-site laundry and a garage/parking for each unit. This property is now priced to sell and won’t last long. Please provide verification of funds and loan prequalification with your offer.

Last Agent to Sell the Property

Joshua Cohen

Keller Williams South Bay License #01346713 Listed on: 04/10/2013

Keller Williams South Bay

Last Buyer's Agent

Rocky Sung

The ONE Luxury Properties License #00871620

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,261

Year Built

  • Built in 1911

Lot Details

  • 7,001 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,100 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 5072025012

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,788
  • Net Operating Income $23,492

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,261

Year Built

Built in 1911

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.24
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5072025012
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 216.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7001.00
  • Lot Size Acres: 0.1610

Multi Family

  • Gross Income: 3788.00
  • Gross Multiplier: 15.94
  • Gross Scheduled Income: 45456.00
  • Lot Size Area: 7001.0000 Square Feet
  • Net Operating Income: 23492.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 19898.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2014
Sold by
Ling Sung Rocky Siu Kwong and Ling Sung Grace Miu
Bought by
R & G City Llc
Current Estimated Value
$1,366,160

Purchase Details

Closed on
Sep 17, 2013
Sold by
Db Investors Lp
Bought by
Ling Sung Rocky Siu Kwong and Ling Sung Grace Miu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 2011
Sold by
Ortiz Evaristo and Ortiz Alicia M
Bought by
Db Investors Lp

Purchase Details

Closed on
May 29, 2007
Sold by
Ortiz Investments Inc
Bought by
Ortiz Evaristo and Ortiz Alicia

Purchase Details

Closed on
Sep 29, 2005
Sold by
Teruya Dorothy and The Zenichi Teruya 1990 Trust
Bought by
Ortiz Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$582,000
Interest Rate
5.68%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
R & G City Llc -- None Available
Ling Sung Rocky Siu Kwong $670,000 Fidelity Sherman Oaks
Db Investors Lp $400,000 Fidelity Van Nuys
Ortiz Evaristo -- Fidelity National Title Co
Ortiz Investments Inc $550,000 Southland Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ling Sung Rocky Siu Kwong $455,000
Previous Owner Ortiz Investments Inc $582,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2013 11/25/13 Sold $670,000 -10.7% $216 / Sq Ft
09/24/2013 09/24/13 Pending -- -- --
04/10/2013 04/10/13 For Sale $750,000 -- $242 / 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 $10,261 $821,321 $612,928 $208,393
2024 $10,261 $805,217 $600,910 $204,307
2023 $10,073 $789,429 $589,128 $200,301
2022 $9,622 $773,951 $577,577 $196,374
2021 $9,492 $758,776 $566,252 $192,524
2019 $9,218 $736,271 $549,457 $186,814
2018 $9,049 $721,835 $538,684 $183,151
2017 $8,859 $707,682 $528,122 $179,560
2016 $8,639 $693,807 $517,767 $176,040
2015 $8,516 $683,386 $509,990 $173,396
2014 $8,568 $670,000 $500,000 $170,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Joshua Cohen

    Keller Williams South Bay

    Section Image

  • R

    Buyer's Agent in 2013

    Rocky Sung

    The ONE Luxury Properties

    (818) 634-9628

    9 Total Sales

    Rocky Sung
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13063285

California Regional Multiple Listing Service (CRMLS)

APN: 5072-025-012

California Los Angeles County Los Angeles 90019 Arlington Heights

1340 5th Ave, Los Angeles, CA

This home is located at 1340 5th Ave, Los Angeles, CA 90019 since 10 April 2013 and is currently estimated at $1,366,160, approximately $440 per square foot. This property was built in 1911. 1340 5th Ave is a home located in Los Angeles County with nearby schools including Carson-Gore Academy Of Enviornmental Studies, Pio Pico Middle School, and Los Angeles Senior High School.

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

Nearby Homes