NOT LISTED FOR SALE

1409 Crenshaw Blvd Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $2,112,334

15 Beds
3 Baths
5,061 Sq Ft
$417/Sq Ft Est. Value

Last Sold May 29, 2015

Last sale price $1,780,000 $352 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $13,737/month

15 Days on Market

About This Home

As of May 2015

LOCATED NEAR THE 10 & 110 FWY, THIS 12-UNIT BUILDING IS A GREAT OPPORTUNITY FOR AN OWNER/USER INVESTMENT. UNIT MIX OF STUDIOS, AND MULTIPLE BEDROOM UNITS. GARAGE CONVERTED TO ADDITIONAL STUDIO W/O PERMIT. CITY RECORD SHOWS PROPERTY IS 13 UNITS. LISTING AGENT IS ONE OF THE OWNERS OF THE PROPERTY. UPGRADED WITH NEW ELECTRIC METERS AND DOUBLE POWER. NEW WINDOWS BRING ABOUT A MORE MODERN LOOK. ALL PERMITS MUST BE CHECKED BY BUYER OR BUYER'S AGENT.

Last Agent to Sell the Property

Young Lae Park

Glory Realty License #01040111 Listed on: 03/25/2015

Last Buyer's Agent

KENT SPURR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,453

Year Built

  • Built in 1912

Lot Details

  • 7,263 Sq Ft Lot

Parking

  • 10 Parking Spaces

Interior Spaces

  • 5,061 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Located Outside
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 5082-023-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,453

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5061
  • Stories: 2
  • Year Built: 1912
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Outside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Ceiling Fan, Dryer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 349.73

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Parking Space
  • Total Parking: 10

Utilities

  • Cooling: Air Conditioning, Ceiling Fan, Wall Unit(s)
  • Electric Expense: 3425.00
  • Heating: Wall Gas
  • Water Expense: 3425.00

Fee Information

  • Gas Expense: 800.00
  • Insurance Expense: 2086.00
  • Maintenance Expense: 1000.00

Lot Info

  • Assessed Improvement Value: 273231
  • Assessed Land Value: 765053
  • Assessor Parcel Number: 5082-023-009
  • Geocode Override: No
  • Lot Size Area: 7263

Rental Info

  • Monthly Gross Income: 12880.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
  • Gross Rent Multiplier: 10.00
  • Number Of Units: 12
  • Total Annual Expense: 24514
  • Type Of Units: Apartment
  • Vacancy Rate: 0%

Tax Info

  • Tax Expense: 13418.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2023
Sold by
1409 Crenshaw Llc
Bought by
Fme Investment Group Llc
Total Days on Market
15
Current Estimated Value
$2,112,334

Purchase Details

Listed on
Mar 25, 2015
Closed on
May 27, 2015
Sold by
Kim Pyung Ki
Bought by
1409 Crenshaw Llc
Seller's Agent
Young Lae Park
Glory Realty
Buyer's Agent
KENT SPURR
List Price
$1,770,000
Sold Price
$1,780,000
Premium/Discount to List
$10,000
0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.48%
Original Mortgage
$1,290,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 2006
Sold by
Mullins William J
Bought by
Kim Pyung Ki and Park Young Lae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
May 3, 2001
Sold by
The Bank Of New York
Bought by
Mullins William J and Mullins Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
7.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 27, 2001
Sold by
Cole Ronald D
Bought by
The Bank Of New York

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
7.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2001
Sold by
Cole Ronald D
Bought by
Jones Edward

Purchase Details

Closed on
Oct 12, 2000
Sold by
Cole Ronald D
Bought by
Anderson Jerry

Purchase Details

Closed on
Jun 1, 2000
Sold by
Mitchell William C
Bought by
Kingsley Ronnie

Purchase Details

Closed on
Nov 15, 1999
Sold by
Cole Ronald D
Bought by
Cole Ronald and Mitchell William C

Purchase Details

Closed on
Sep 13, 1996
Sold by
Phillips Ahneva
Bought by
Phillips Greg

Purchase Details

Closed on
Aug 29, 1996
Sold by
Phillips Greg
Bought by
Cole Ronald D

Purchase Details

Closed on
Aug 28, 1996
Sold by
Key Rene
Bought by
Phillips Greg

Purchase Details

Closed on
Aug 3, 1995
Sold by
Phillips Ahneva
Bought by
Phillips Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 1995
Sold by
State Street Bank & Trust Company
Bought by
Phillips Greg and Key Rene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 26, 1994
Sold by
Equitable Deed Company
Bought by
State Street Bank & Trust Company
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
Fme Investment Group Llc $1,950,000 First American Title Insurance
1409 Crenshaw Llc $1,780,000 Fidelity
Kim Pyung Ki $950,000 Equity Title
Mullins William J $295,000 Fidelity National Title Co
The Bank Of New York -- --
Jones Edward -- --
Anderson Jerry -- --
Kingsley Ronnie -- --
Cole Ronald -- --
Phillips Greg -- --
Cole Ronald D $325,000 --
Phillips Greg -- --
Phillips Greg -- Orange Coast Title Company
Phillips Greg -- Orange Coast Title
State Street Bank & Trust Company $130,000 Pacific Title Guaranty Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1409 Crenshaw Llc $1,290,000
Previous Owner Kim Pyung Ki $1,000,000
Previous Owner Kim Pyung Ki $760,000
Previous Owner Mullins William J $221,250
Previous Owner Cole Ronald D $83,000
Previous Owner Phillips Greg $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2015 05/29/15 Sold $1,780,000 +0.6% $352 / Sq Ft
04/09/2015 04/09/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $1,770,000 -- $350 / 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 $24,453 $1,950,000 $1,000,000 $950,000
2023 $25,725 $2,056,218 $1,233,730 $822,488
2022 $24,553 $2,015,901 $1,209,540 $806,361
2021 $24,243 $1,976,374 $1,185,824 $790,550
2019 $23,531 $1,918,674 $1,150,652 $768,022
2018 $23,352 $1,881,072 $1,128,091 $752,981
2016 $22,281 $1,807,145 $1,084,287 $722,858
2015 $13,366 $1,059,028 $780,338 $278,690
2014 $13,424 $1,038,284 $765,053 $273,231
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2015

    Young Lae Park

    Glory Realty

  • K

    Buyer's Agent in 2015

    KENT SPURR

  • J

    Buyer's Agent in 2015

    Julie Boyd

See All Agents

Map

Source: The MLS

MLS Number: 15-890431

The MLS

APN: 5082-023-009

California Los Angeles County Los Angeles 90019 Mid-City

1409 Crenshaw Blvd, Los Angeles, CA

This home is located at 1409 Crenshaw Blvd, Los Angeles, CA 90019 since 25 March 2015 and is currently estimated at $2,112,334, approximately $417 per square foot. This property was built in 1912. 1409 Crenshaw Blvd is a home located in Los Angeles County with nearby schools including Arlington Heights Elementary School, Johnnie L. Cochran Jr. Middle School, and Los Angeles Senior High School.

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