NOT LISTED FOR SALE

1416 Malvern Ave Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $801,000 - $913,000

5 Beds
4 Baths
3,135 Sq Ft
$276/Sq Ft Est. Value

Last Sold July 26, 2023

Last sale price $800,000 $255 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,523/month

30 Days on Market

About This Home

As of July 2023

PRICE REDUCED TO FAST SELL!!! Well Maintenance 4 Unit Income property, located on of most desired rental place, within minutes of DTLA, Korea town and USC. New Pavement , New Roofing with City Permit (2018), New Exterior Paint with City Permit (2021), Foundation Repaired(2019) and with light remodeling all units. Rent can be raised up to 7%. All utilities are paid by the owner. See attached for CAP/GRM One of units is belongs to Section 8. The property located "ALVARADO TERRACE HISTORIC DISTRICT PARK(cozy and cleaned)" is a designated historic district in the Pico-Union district of Los Angeles. $400 is the storage rental income as M-T-M.

Last Agent to Sell the Property

K Chang

The H Realty License #01722361 Listed on: 05/22/2023

Last Buyer's Agent

Judy Lin Young

RubyHome Corporation License #01914120

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,133

Year Built

  • Built in 1915

Lot Details

  • 6,366

Interior Spaces

  • 3,135 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 1 Parking Space
  • Assigned Parking

Additional Features

  • 6,366 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5135-007-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,133

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3135
  • Lot Acreage: 0.1461
  • Stories: 2
  • Year Built: 1915
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 4.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 270.81

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 1

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 39.34
  • Assessed Improvement Value: 262473
  • Assessed Land Percent: 60.66
  • Assessed Land Value: 404647
  • Total Assessed Value: 667120
  • Assessor Parcel Number: 5135-007-004
  • Lot Size Area: 6366

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: 4 Unit
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2016
Sold by
Sung Diane Dayoon
Bought by
Kwak Yong Seung
Current Estimated Value
$854,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 18, 2012
Closed on
Sep 6, 2012
Sold by
Yoon Young R
Bought by
Sung Diane Dayoon
Seller's Agent
Jenny Um
Epique Realty
Buyer's Agent
Jenny Um
Epique Realty
List Price
$3,000,000
Sold Price
$330,000
Premium/Discount to List
-$2,670,000
-89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.76%
Original Mortgage
$324,022
Interest Rate
3.55%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 19, 2012
Sold by
Yoon Sung T
Bought by
Yoon Young R

Purchase Details

Closed on
Sep 15, 2005
Sold by
Yoon Young R
Bought by
Yoon Sung T

Purchase Details

Closed on
Jun 14, 2005
Sold by
Bai Jean Y
Bought by
Yoon Young R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$518,400
Interest Rate
2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 10, 2004
Sold by
Bai Jean Y
Bought by
Bai Jean Y and Cho Yoon Soo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2004
Sold by
Gitnick Neil D
Bought by
Bai Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2004
Sold by
Value Home Loan
Bought by
Gitnick Neil D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2001
Sold by
Santa Monica Bank
Bought by
Value Home Loan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 12, 1999
Sold by
Duran Robert
Bought by
Charles E Bercy Ira Rollover Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,833
Interest Rate
6.92%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 11, 1998
Sold by
Wilshire Funding Corp
Bought by
Duran Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
7%

Purchase Details

Closed on
May 8, 1998
Sold by
Gomez Jesus
Bought by
Wilshire Funding Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
7%

Purchase Details

Closed on
May 15, 1997
Sold by
South Western Associates Inc
Bought by
Gomez Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,913
Interest Rate
8.15%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 5, 1997
Sold by
Mendoza Jorge
Bought by
South Western Associates Inc
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
Kwak Yong Seung $610,000 Ticor Title Co
Sung Diane Dayoon $330,000 Lawyers Title
Yoon Young R -- Accommodation
Yoon Sung T -- Chicago Title Co
Yoon Young R $648,000 Chicago Title Co
Bai Jean Y -- --
Bai Jean $485,000 Fidelity Van Nuys
Gitnick Neil D -- Diversified Title & Escrow S
Value Home Loan $185,000 Orange Coast Title
Charles E Bercy Ira Rollover Trust $186,797 Stewart Title
Duran Robert $165,000 Benefit Land Title Company
Wilshire Funding Corp $125,100 Benefit Land Title Ins Co
Gomez Jesus $246,500 Commonwealth Title Co
South Western Associates Inc $153,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kwak Yong Seung $366,000
Previous Owner Sung Diane Dayoon $324,022
Previous Owner Yoon Young R $518,400
Previous Owner Bai Jean $388,000
Previous Owner Gitnick Neil D $266,000
Previous Owner Gitnick Nail D $221,000
Previous Owner Value Home Loan $185,000
Previous Owner Duran Robert $28,833
Previous Owner Duran Robert $165,000
Previous Owner Gomez Jesus $236,913
Closed Yoon Young R $64,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2023 07/27/23 For Sale $849,000 +6.1% $271 / Sq Ft
07/26/2023 07/26/23 Sold $800,000 0.0% $255 / Sq Ft
07/19/2023 07/19/23 Off Market $800,000 -- --
05/22/2023 05/22/23 For Sale $849,000 +39.2% $271 / Sq Ft
04/17/2017 04/17/17 Sold $610,000 -3.0% $195 / Sq Ft
06/25/2016 06/25/16 Pending -- -- --
06/22/2016 06/22/16 For Sale $629,000 +90.6% $201 / Sq Ft
10/04/2012 10/04/12 Sold $330,000 -89.0% $105 / Sq Ft
03/21/2012 03/21/12 Pending -- -- --
03/18/2012 03/18/12 For Sale $3,000,000 -- $957 / 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 $10,133 $816,000 $571,200 $244,800
2024 $10,133 $800,000 $560,000 $240,000
2023 $8,700 $680,461 $412,739 $267,722
2022 $8,312 $667,120 $404,647 $262,473
2021 $8,196 $654,040 $396,713 $257,327
2019 $7,959 $634,944 $384,948 $249,996
2018 $7,846 $622,500 $377,400 $245,100
2016 $4,432 $343,276 $239,253 $104,023
2015 $4,358 $338,121 $235,660 $102,461
2014 $4,392 $331,498 $231,044 $100,454
Source: Public Records

Agents Affiliated with this Home

  • K Chang

    Seller's Agent in 2023

    K Chang

    The H Realty

    (213) 800-2760

    3 in this area

    28 Total Sales

    Section Image

  • J

    Buyer's Agent in 2023

    Judy Lin Young

    RubyHome Corporation

  • Sue Choi

    Seller's Agent in 2017

    Sue Choi

    Choice 100 Realty, Inc.

    (323) 737-4567

    15 Total Sales

    Section Image
  • Jenny Um

    Seller's Agent in 2012

    Jenny Um

    Epique Realty

    (213) 923-9464

    13 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 23-272875

The MLS

APN: 5135-007-004

California Los Angeles County Los Angeles 90006 Pico-Union

1416 Malvern Ave, Los Angeles, CA

This home is located at 1416 Malvern Ave, Los Angeles, CA 90006 since 22 May 2023 and is currently estimated at $866,333, approximately $276 per square foot. This property was built in 1915. 1416 Malvern Ave is a home located in Los Angeles County with nearby schools including Magnolia Avenue Elementary School, Berendo Middle, and West Adams Preparatory High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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