1403 W 10th Place Los Angeles, CA 90015
Pico-Union NeighborhoodEstimated Value: $605,000 - $662,000
--
Bed
4
Baths
1,908
Sq Ft
$335/Sq Ft
Est. Value
About This Home
As of May 2023Welcome to 1403 W. 10th Place. This property has additional address of 1015 Albany & 1015.5 Albany. This is a great four-unit 2 story building is situated in the heart of downtown Los Angeles and is within walking distance to LA Live, Crypto.com Arena, the Fashion District, and various other attractions. All four units are studio apartments and separately metered for gas & electricity. owner only pays for water, trash and insurance. They are located near local freeways, public transit, shopping centers and local eateries. They are easy to maintain with low building maintenance and lots of potential. First time on the market in 40 years.
Last Agent to Sell the Property
Sotheby's International Realty License #01854478 Listed on: 02/20/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,387
Year Built
- Built in 1922
Lot Details
- 960 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
Interior Spaces
- 4 Bathrooms
- 1,908 Sq Ft Home
- 2-Story Property
- Laundry Room
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 1
- Assessor Parcel Number 5137013002
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- Water Sewer Expense $3,600
- Operating Expense $4,800
- Gross Income $51,814
- Net Operating Income $47,014
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 26, 2024
Sold by
Singh Saran Jaspinder
Bought by
Saran Properties Inc
Total Days on Market
8
Current Estimated Value
Purchase Details
Closed on
Aug 1, 2024
Sold by
Alcgroup Llc
Bought by
Saran Jaspinder Singh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.86%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 20, 2023
Closed on
Mar 13, 2023
Sold by
Larson Ralph E
Bought by
Alcgroup Llc
Seller's Agent
Stephen Biskup
Sotheby's International Realty
Buyer's Agent
Omar Najera
Anomaly Real Estate
List Price
$595,000
Sold Price
$585,000
Premium/Discount to List
-$10,000
-1.68%
Views
67
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.37%
Original Mortgage
$595,000
Interest Rate
6.32%
Mortgage Type
New Conventional
Similar Home in Los Angeles, CA
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 |
|---|---|---|---|
| Saran Properties Inc | -- | None Listed On Document | |
| Saran Jaspinder Singh | -- | Orange Coast Title | |
| Saran Jaspinder Singh | -- | Orange Coast Title | |
| Alcgroup Llc | $585,000 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Saran Jaspinder Singh | $525,000 | |
| Previous Owner | Alcgroup Llc | $595,000 | |
| Previous Owner | Larson Ralph E | $247,000 | |
| Previous Owner | Larson Ralph E | $147,000 | |
| Previous Owner | Larson Ralph E | $113,600 | |
| Previous Owner | Larson Ralph E | $82,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/11/2023 05/11/23 | Sold | $585,000 | -1.7% | $307 / Sq Ft |
| 05/09/2023 05/09/23 | For Sale | $595,000 | 0.0% | $312 / Sq Ft |
| 02/28/2023 02/28/23 | Pending | -- | -- | -- |
| 02/20/2023 02/20/23 | For Sale | $595,000 | -- | $312 / 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 |
|---|---|---|---|---|
| 2024 | $7,387 | $596,700 | $408,000 | $188,700 |
| 2023 | $2,491 | $188,292 | $52,292 | $136,000 |
| 2022 | $2,383 | $184,601 | $51,267 | $133,334 |
| 2021 | $2,341 | $180,982 | $50,262 | $130,720 |
| 2019 | $2,274 | $175,616 | $48,772 | $126,844 |
| 2018 | $2,261 | $172,173 | $47,816 | $124,357 |
| 2016 | $2,146 | $165,489 | $45,960 | $119,529 |
| 2015 | $2,116 | $163,004 | $45,270 | $117,734 |
| 2014 | $2,151 | $159,812 | $44,384 | $115,428 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Biskup
Seller's Agent in 2023
Stephen Biskup
Sotheby's International Realty
(626) 428-6010
1 in this area
17 Total Sales
-
Christina Dreyer
Seller Co-Listing Agent in 2023
Christina Dreyer
Sotheby's International Realty
(626) 688-3948
1 in this area
18 Total Sales
-
Omar Najera
Buyer's Agent in 2023
Omar Najera
Anomaly Real Estate
(323) 788-1916
1 in this area
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PF23029041
APN: 5137-013-002
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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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