NOT LISTED FOR SALE

Estimated Value: $1,607,000 - $1,927,487

6 Beds
4 Baths
2,912 Sq Ft
$596/Sq Ft Est. Value

Last Sold December 01, 2020

Last sale price $1,439,000 $494 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $10,769/month

72 Days on Market

Highlights

  • Gated Parking
  • Converted Garage
  • Central Heating and Cooling System
  • Wood Flooring

About This Home

As of December 2020

ABSOLUTE BEST VALUE - PRICE JUST REDUCED! ALL UNITS WILL BE VACANT. TURNKEY NEWER REBUILT DUPLEX IN LONGWOOD HIGHLANDS! Prime location just south of Hancock Park. RARE OPPORTUNITY to own a good condition at a great price with 5+ cap rate. Located on beautiful street with a high-walk score (90 out of 100) location right near Wilshire/LaBrea Corridor. This Beautiful 2-Story property features 2 units (each unit has 3BR, 2BA) and has central AC and updated systems. Open concept remodeled kitchens on both units. Master suite in both units. Great outdoor space and grassy yards. Gated for privacy and ample driveway parking too. The garage has been drywalled with electric access and could make a great in-law or rec room space. Could also become a future ADU possibly (buyer to verify). Pro-forma market rents for this building is over $9,000/month. Additionally, the location is ideal: Short stroll to LACMA, Republique, Lassens, & all shops on Miracle Mile. Mid-City LA living - Welcome Home!

Last Agent to Sell the Property

Rachel Hsieh

Keller Williams Realty Los Feliz License #01913428 Listed on: 08/03/2020

Keller Williams Realty Los Feliz

Co-Listed By

Bryan Marks

Compass License #01957066

Last Buyer's Agent

Michel Bron

Beverly and Company, Inc. License #01315435

Beverly and Company, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,761

Year Built

  • Built in 1925

Lot Details

  • 5,920

Home Design

  • Duplex
  • Stucco

Interior Spaces

  • 2,912 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer

Parking

  • 4 Parking Spaces
  • Converted Garage
  • Driveway
  • Gated Parking

Additional Features

  • 5,920 Sq Ft Lot
  • Accessory Dwelling Unit (ADU)
  • Central Heating and Cooling System

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5083-025-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,761

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2912
  • Lot Acreage: 0.1359
  • Probate: No
  • Stories: 2
  • Year Built: 1925
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed, Hardwood
  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Range/Oven
  • Price Per S Q F T: 494.16

Exterior Features

  • Construction: Stucco
  • Other Structures: Accessory Dwelling Unit

Garage/Parking

  • Parking Garage: Driveway, Gated
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 54.47
  • Assessed Improvement Value: 328255
  • Assessed Land Percent: 45.53
  • Assessed Land Value: 274406
  • Total Assessed Value: 602661
  • Assessor Parcel Number: 5083-025-002
  • Lot Size Area: 5920

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.80
  • Number Of Units: 2
  • Total Annual Expense: 23000
  • Type Of Units: Duplex
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2020
Closed on
Nov 16, 2020
Sold by
Say Angel S and Say Maria L
Bought by
Cooper Nikhil and Christiansen Victoria
Seller's Agent
Rachel Hsieh
Keller Williams Realty Los Feliz
Buyer's Agent
Michel Bron
Beverly and Company, Inc.
List Price
$1,475,000
Sold Price
$1,439,000
Premium/Discount to List
-$36,000
-2.44%
Current Estimated Value
$1,734,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,622
Avg. Annual Appreciation
3.90%
Original Mortgage
$980,325
Outstanding Balance
$872,350
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$862,272

Purchase Details

Closed on
Jun 20, 2006
Sold by
Say Angel
Bought by
Say Angel S and Say Maria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2002
Sold by
Say Angel
Bought by
Say Angel and Say Ma Lourdes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
6.37%

Purchase Details

Closed on
Jul 25, 2000
Sold by
Shaff Carl
Bought by
Say Angel and Say Ma Lourdes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,283
Interest Rate
8.15%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 6, 1998
Sold by
Shimizu Manabi
Bought by
Shaff Ii Carl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.95%
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
Cooper Nikhil $1,439,000 Fidelity National Title Co
Say Angel S -- Financial Title Company
Say Angel -- American Title Co
Say Angel $210,000 Lawyers Title Company
Shaff Ii Carl $120,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooper Nikhil $980,325
Previous Owner Say Angel S $110,000
Previous Owner Say Angel $217,000
Previous Owner Say Angel $208,283
Previous Owner Shaff Ii Carl $96,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2020 12/01/20 Sold $1,439,000 0.0% $494 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
10/09/2020 10/09/20 Price Changed $1,439,000 -2.4% $494 / Sq Ft
08/03/2020 08/03/20 For Sale $1,475,000 -- $507 / Sq Ft
Source: The MLS

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 $18,761 $1,557,616 $936,302 $621,314
2024 $18,761 $1,527,076 $917,944 $609,132
2023 $18,401 $1,497,135 $899,946 $597,189
2022 $17,549 $1,467,780 $882,300 $585,480
2021 $17,328 $1,439,000 $865,000 $574,000
2020 $8,089 $639,546 $291,200 $348,346
2019 $7,777 $627,007 $285,491 $341,516
2018 $7,652 $614,714 $279,894 $334,820
2016 $7,298 $590,845 $269,026 $321,819
2015 $7,194 $581,970 $264,985 $316,985
2014 $7,228 $570,571 $259,795 $310,776
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-613018

The MLS

APN: 5083-025-002