$640,000
SOLD JUN 23, 2021
3 Beds
4 Baths
1,976 Sq Ft
4,744 Sq Ft Lot

Recently Sold

$324 Per Sq Ft

8% Below List Price

53 Days on Market

About This Home

As of March 2023

This is an excellent opportunity to purchase a four (4) unit apartment building located in the high rental demand area, just south of Downtown Los Angeles. Location is minutes to Downtown Los Angeles, Staples Center/South Park, USC, Exposition Park, etc.. Great opportunity for investment or owner - occupied property. One unit is to be delivered vacant at the close of escrow and allows for immediate upside.

Last Agent to Sell the Property

Michael Mehdizadeh

Andrew C. Lee License #01315713 Listed on: 03/08/2021

Co-Listed By

Andrew Lee

Andrew C. Lee License #01046440

Last Buyer's Agent

Hammed Animashaun

KW Advisors License #01857379

KW Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,457

Year Built

  • Built in 1912

Parking

  • 4 Parking Spaces

Home Design

  • 1,976 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Additional Features

  • 4,744 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5110-013-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,457

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1976
  • Lot Acreage: 0.1089
  • Year Built: 1912
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 351.72

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 198900
  • Assessed Land Percent: 40
  • Assessed Land Value: 132600
  • Total Assessed Value: 331500
  • Assessor Parcel Number: 5110-013-009
  • Lot Size Area: 4744

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.80
  • Number Of Units: 4
  • Total Annual Expense: 17670
  • Type Of Units: 1
  • Vacancy Rate: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2023
Closed on
May 8, 2023
Sold by
Saint Simon Buildings Llc
Bought by
Saint Simon Building Llc
Seller's Agent
Juan Pena
Real Broker
Buyer's Agent
Mike Antoun
West Shores Realty, Inc.
List Price
$819,999
Sold Price
$740,000
Premium/Discount to List
-$79,999
-9.76%
Views
27
Current Estimated Value
$800,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,868
Avg. Annual Appreciation
3.50%
Original Mortgage
$444,000
Outstanding Balance
$434,106
Interest Rate
6.45%
Mortgage Type
New Conventional
Estimated Equity
$366,762

Purchase Details

Listed on
Mar 3, 2023
Closed on
Mar 29, 2023
Sold by
Marshall Ashley Nicole
Bought by
Saint Simon Buildings Llc
Seller's Agent
Juan Pena
Real Broker
Buyer's Agent
Mike Antoun
West Shores Realty, Inc.
List Price
$819,999
Sold Price
$740,000
Premium/Discount to List
-$79,999
-9.76%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Outstanding Balance
$434,106
Interest Rate
6.45%
Mortgage Type
New Conventional
Estimated Equity
$366,762

Purchase Details

Listed on
Mar 8, 2021
Closed on
Jun 15, 2021
Sold by
Sahab Llc
Bought by
Marshall Ashley Nicole
Seller's Agent
Michael Mehdizadeh
Andrew C. Lee
Buyer's Agent
Hammed Animashaun
KW Advisors
List Price
$695,000
Sold Price
$640,000
Premium/Discount to List
-$55,000
-7.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%
Original Mortgage
$628,408
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 5, 2017
Closed on
Jun 27, 2017
Sold by
Fregoso Umana Jose I and Fregoso Arroyo Adalbert
Bought by
Sahab Llc
Seller's Agent
Paula Arroyo
Excellence RE Real Estate, Inc.
Buyer's Agent
Errol Spiro
Miller & Desatnik Realty Co.
List Price
$485,000
Sold Price
$425,000
Premium/Discount to List
-$60,000
-12.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.95%

Purchase Details

Listed on
Oct 5, 2015
Closed on
Dec 17, 2015
Sold by
Umana Jose I
Bought by
Arroyo Adalbert Fregoso
Seller's Agent
Rhonda Payne
Rodeo Realty- Brentwood
Buyer's Agent
Jose Fregoso
Estate Properties
List Price
$401,000
Sold Price
$325,000
Premium/Discount to List
-$76,000
-18.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.63%
Original Mortgage
$220,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 5, 2015
Closed on
Dec 10, 2015
Sold by
Castine Vanessa A and Castine Deborah D
Bought by
Umana Jose I
Seller's Agent
Rhonda Payne
Rodeo Realty- Brentwood
Buyer's Agent
Jose Fregoso
Estate Properties
List Price
$401,000
Sold Price
$325,000
Premium/Discount to List
-$76,000
-18.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 22, 2005
Sold by
Castine Modestine
Bought by
Castine Modestine and Modestine Castine Trust
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 Type Sale Price Title Company
Grant Deed -- Chicago Title Company
Grant Deed $740,000 Pacific Coast Title
Grant Deed $640,000 North American Title Company
Grant Deed $425,000 Progressive Title
Grant Deed $52,500 Old Republic Title Company
Grant Deed $325,000 Progressive Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $444,000 New Conventional
Previous Owner $628,408 FHA
Previous Owner $220,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $740,000 -9.8% $374 / Sq Ft
03/16/2023 03/16/23 Pending -- -- --
03/03/2023 03/03/23 For Sale $819,999 +28.1% $415 / Sq Ft
06/23/2021 06/23/21 Sold $640,000 -7.9% $324 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
03/08/2021 03/08/21 For Sale $695,000 +63.5% $352 / Sq Ft
07/17/2017 07/17/17 Sold $425,000 -12.4% $215 / Sq Ft
06/05/2017 06/05/17 For Sale $485,000 +49.2% $245 / Sq Ft
12/21/2015 12/21/15 Sold $325,000 -19.0% $165 / Sq Ft
12/05/2015 12/05/15 Pending -- -- --
10/05/2015 10/05/15 For Sale $401,000 -- $204 / 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
2024 $9,457 $754,800 $306,000 $448,800
2023 $8,388 $665,856 $468,180 $197,676
2022 $8,004 $652,800 $459,000 $193,800
2021 $5,631 $446,750 $315,353 $131,397
2020 $5,683 $442,170 $312,120 $130,050
2019 $5,468 $433,500 $306,000 $127,500
2018 $5,384 $425,000 $300,000 $125,000
2016 $4,141 $325,000 $130,000 $195,000
2015 $644 $31,566 $12,621 $18,945
2014 $674 $30,948 $12,374 $18,574
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-703050

The MLS

APN: 5110-013-009