NOT LISTED FOR SALE

Estimated Value: $1,540,000 - $2,000,000

8 Beds
5 Baths
4,262 Sq Ft
$415/Sq Ft Est. Value

Last Sold January 20, 2017

Last sale price $1,250,000 $293 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $11,379/month

68 Days on Market

Highlights

  • Newly Remodeled
  • Granite Countertops
  • Central Heating and Cooling System
  • Living Room with Fireplace
  • Tankless Water Heater
  • East Facing Home

About This Home

As of January 2017

This is 3 unit apartments with 2 brand new unit and absolutely no rent control. 2 brand new apartment are permitted at this year. All 3 units has central air condition and heating. Single house at front has remodeled 1 year ago. all units has wash and dry hook up.Buyer must check all city requirements and permits including square feet, highway dedication with LA city of building & safety.

Last Listed By

Herman Ki Kim

Special Realty Co. License #00861478 Listed on: 09/21/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,708

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 7,502 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Front Yard Sprinklers

Parking

  • 7 Parking Spaces

Home Design

  • Asphalt Roof

Interior Spaces

  • 4,262 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Living Room with Fireplace
  • Laminate Flooring

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry in unit
  • Dryer

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Cable TV Available
  • TV Antenna

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5072-037-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,708

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4262
  • Property Condition: New Construction
  • Stories: 2
  • Year Built: 2016
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Laminate
  • Appliances: Cooktop - Gas
  • Bedrooms: 8
  • Common Walls: None
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Granite Counters
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Antenna, Dishwasher, Dryer
  • Price Per S Q F T: 304.79
  • Windows: Screens

Exterior Features

  • Direction Faces: East
  • Construction: Hard Coat
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No
  • Roof: Asphalt
  • View: No

Garage/Parking

  • Parking Garage: Parking Space
  • Total Parking: 7

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Instant Hot Water, Tankless
  • Cooling: Central
  • Heating: Central
  • Water: In Street

Lot Info

  • Sprinklers: Front
  • Assessed Improvement Value: 126396
  • Assessed Land Value: 207106
  • Assessor Parcel Number: 5072-037-016
  • Geocode Override: No
  • Lot Size Area: 7502

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.00
  • Number Of Units: 3
  • Rent Control: 33%
  • Total Annual Expense: 0
  • Type Of Units: Flat
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2021
Sold by
Park Bong Ja and Park Sang Woo
Bought by
Park Bong Ja
Total Days on Market
68
Current Estimated Value
$1,769,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,000
Outstanding Balance
$771,511
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$884,192

Purchase Details

Closed on
May 15, 2021
Sold by
Park Bong Ja and Park Sang Woo
Bought by
Park Bong Ja and Park Sang Woo

Purchase Details

Listed on
Sep 21, 2016
Closed on
Jan 17, 2017
Sold by
Rim Te Raitg
Bought by
Parks Bong Ja
Seller's Agent
Herman Ki Kim
Special Realty Co.
Buyer's Agent
Duk Ja Kim Chung
Special Realty Co.
List Price
$1,300,000
Sold Price
$1,250,000
Premium/Discount to List
-$50,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.42%
Original Mortgage
$875,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 21, 2016
Closed on
Jan 13, 2017
Sold by
Park Sang Woo
Bought by
Park Bong Ja
Seller's Agent
Herman Ki Kim
Special Realty Co.
Buyer's Agent
Duk Ja Kim Chung
Special Realty Co.
List Price
$1,300,000
Sold Price
$1,250,000
Premium/Discount to List
-$50,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2013
Sold by
Lupper Frank James
Bought by
Rim Te Rang

Purchase Details

Closed on
Sep 16, 1995
Sold by
Lindsey Leonard
Bought by
Lupper Frank James

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

Similar Homes in Los Angeles, CA

  • 1940 S La Salle Ave, Los Angeles, CA 90018

    $2,049,000

    • 6 Beds
    • 5 Baths
    • 3,681 Sq Ft
    • 1940 S La Salle Ave
    • Los Angeles, CA

    Live in a fully remodeled historic home and use the fully remodeled 3 apartment units to help pay your mortgage. Property includes 1942 and 1942 1/2 S. La Salle which are updated 1 bedroom 1 bath and 2 bedroom 1 bathroom apartments sitting above large, 2 car garages with ample storage. All units have new flooring, new kitchens and bathrooms, marble counters, and extensive upgrades throughout.

    Jeffrey Joiner Jeff Joiner

    Section Image
  • 1647 W 12th Place Unit 7, Los Angeles, CA 90015

    $1,344,500

    • 6 Beds
    • 4 Baths
    • 2,662 Sq Ft
    • 1647 W 12th Place
    • Unit 7
    • Los Angeles, CA

    Rare opportunity in the up-and-coming Pico-Union area, near Downtown! Three of the four units have been remodeled, offering modern living spaces. All units are occupied. Great rental income. The property features a spacious parking area in the rear, with ample room to build an ADU, significantly increasing the property's value. Become a homeowner in the rapidly developing Pico-Union neighborhood.

    Koeun Hwang Happy Haus Inc.

    Section Image
  • 1716 W 45th St, Los Angeles, CA 90062

    $1,745,000

    • 7 Beds
    • 6 Baths
    • 5,464 Sq Ft
    • 1716 W 45th St
    • Los Angeles, CA

    5-UNIT COMPLEX! Stylish cosmetic remodel with new hardwood laminate flooring throughout, kitchens, bathrooms, and fixtures. New roof and plenty of parking. Two-story Spanish 4plex with a detached 3 bedroom house (City records show 2 bed). Submit your best offer. Great access to Downtown L.A, and other major City hubs. West of Western, South of Vernon, North of Slauson. 1 unit is currently

    Koeun Hwang Happy Haus Inc.

    Section Image
  • 1526 S Van Ness Ave, Los Angeles, CA 90019

    $1,740,000

    • 10 Beds
    • 5.5 Baths
    • 5,130 Sq Ft
    • 1526 S Van Ness Ave
    • Los Angeles, CA

    An Exceptional Investment and Living Opportunity!This newly renovated luxury property offers the perfect blend of upscale living and income potential through a high-yield ADU.The front building, ideal for a large family, boasts 3,110 square feet with 5 bright and airy bedrooms and 2 bathrooms.The rear building, completely separate for independent living or rental, provides over $6,000 in

    Kenny Kw Cho Western Realty Group

    Section Image
  • 1824 S Wilton Place, Los Angeles, CA 90019

    $1,495,000

    • 8 Beds
    • 4 Baths
    • 3,926 Sq Ft
    • 1824 S Wilton Place
    • Los Angeles, CA

    We are pleased to present this wonderful Los Angeles four-plex! All units are 2 bedrooms and 1 bathroom with big living rooms, in wall heaters, laundry hookups in the kitchen. Parking for 8 cars in the rear of the property. Close to downtown LA, USC, Hollywood, food, entertainment, and schools. One vacant unit available for showing.

    Peter Chang First LA Asset Inc

    Section Image
  • 1322 S Bronson Ave, Los Angeles, CA 90019

    $1,490,000

    • 6 Beds
    • 4 Baths
    • 3,336 Sq Ft
    • 1322 S Bronson Ave
    • Los Angeles, CA

    The Great investment opportunity to buy and hold as an owner-occupied units. Situated in a prime location at Mid-City area. This gorgeous 1925 Spanish style duplex radiates early Hollowood charm and boast 3336sq of living area on a spacious lot in the sought after Mid Los angeles area. teaturing two spacious units, each unit with 3 bedrooms and 2 bathrooms. Both unit boast large living areas,

    Jae Choi Ivy Realty Co.

    Section Image
  • 1342 S Bronson Ave, Los Angeles, CA 90019

    $1,790,000

    • 8 Beds
    • 4 Baths
    • 3,748 Sq Ft
    • 1342 S Bronson Ave
    • Los Angeles, CA

    We are proud to present for sale a fully remodeled 4 units investment property , located in Mid-City LA ,HPOZ area. Four 2br+1ba units, fully occupied by tenants, each units upgraded with quartz counter tops, high-end stainless steel appliances, laminate floors,in units washer and dryer for 2 units, the other 2 units use common area washer and dryer machine,make an extra income,all 4 units

    Eunjoo Beak High Equity Real Estate Service, Inc.

    Section Image
  • 1504 S Bronson Ave, Los Angeles, CA 90019

    $1,495,000

    • 6 Beds
    • 4 Baths
    • 4,380 Sq Ft
    • 1504 S Bronson Ave
    • Los Angeles, CA

    Prime Mid-City Fourplex w/ Tremendous Value-Add Opportunity & Strong Upside Potential! Don't miss this exceptional opportunity to own a (4) unit multifamily investment property located in the heart of prime Mid-City, one of Los Angeles' most desirable and centrally located neighborhoods. This stunning property offers a total of 4,380sq.ft. situated on a 5,820sq.ft. lot. The unit mix includes two

    Nima Tehrany Compass

    Section Image
  • 1518 S Hobart Blvd, Los Angeles, CA 90006

    $1,380,000

    • 7 Beds
    • 5 Baths
    • 3,499 Sq Ft
    • 1518 S Hobart Blvd
    • Los Angeles, CA

    Great Investment opportunity in Los Angeles neighborhood. This property is comprised of Two x two bedrooms/one bath and Three x one bedroom/one bath. This property is individually metered for gas & Electricity. Conveniently located from shopping centers, restaurants, etc. Easy access to 10 & 101 freeways. Ample parking is available in streets.

    Yong Park New Star Realty & Investment

    Section Image

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
Park Bong Ja -- Provident Title Company
Park Bong Ja -- Provident Title Company
Park Bong Ja -- None Available
Parks Bong Ja $1,250,000 Chicago Title Company
Park Bong Ja -- Chicago Title Company
Rim Te Rang $300,000 None Available
Lupper Frank James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Bong Ja $830,000
Closed Park Bong Ja $838,000
Closed Park Bong Ja $875,000
Previous Owner Lupper Frank James $370,000
Previous Owner Lupper Frank James $312,000
Previous Owner Lupper Frank James $216,000
Previous Owner Lupper Frank James $168,750
Previous Owner Lupper Frank James $108,000
Previous Owner Lupper Frank James $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2017 01/20/17 Sold $1,250,000 -3.8% $293 / Sq Ft
11/28/2016 11/28/16 Pending -- -- --
10/27/2016 10/27/16 Price Changed $1,299,000 -0.1% $305 / Sq Ft
09/21/2016 09/21/16 For Sale $1,300,000 -- $305 / 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 $17,708 $1,422,281 $1,024,044 $398,237
2023 $17,373 $1,394,394 $1,003,965 $390,429
2022 $16,579 $1,367,054 $984,280 $382,774
2021 $16,366 $1,340,250 $964,981 $375,269
2020 $16,531 $1,326,509 $955,087 $371,422
2019 $15,883 $1,300,500 $936,360 $364,140
2018 $15,720 $1,275,000 $918,000 $357,000
2017 $0 $336,034 $207,111 $128,923
2016 $4,313 $333,502 $207,106 $126,396
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 16-165112

The MLS

APN: 5072-037-022