NOT LISTED FOR SALE

Estimated Value: $1,573,000 - $2,026,015

8 Beds
5 Baths
4,262 Sq Ft
$423/Sq Ft Est. Value

Last Sold January 20, 2017

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

Est. 54% increase in value since last sale

Current estimated payment $11,965/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 Agent to Sell the Property

Herman Ki Kim

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

Last Buyer's Agent

Duk Ja Kim Chung

Special Realty Co. License #01234984

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
Current Estimated Value
$1,924,940

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
$756,883
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,046,371

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
4.37%
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
Source: Public Records

Range of Values:

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Average Value
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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
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
2025 $17,708 $1,450,725 $1,044,524 $406,201
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

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Map

Source: The MLS

MLS Number: 16-165112

The MLS

APN: 5072-037-022