NOT LISTED FOR SALE

Estimated Value: $1,286,000 - $1,885,000

8 Beds
6 Baths
4,151 Sq Ft
$380/Sq Ft Est. Value

Last Sold September 16, 2021

Last sale price $1,395,000 $336 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $10,037/month

About This Home

As of September 2021

Well maintained 4-unit multifamily property located in the Arlington Heights neighborhood where the tenants can easily access to public transportation stops and the 10 freeway. It is also within close proximity to Koreatown and USC. The property is comprised of (Two) Large 2 bedroom + 1.5 bathroom / (Two) Large 2 bedroom + 1 bathroom and all units are separately metered for gas and electricity. The subject property is also situated on +-7,000SF lot which has a potential to develop additional ADU for extra income (Buyer to verify). Currently, three units are month-to-month and one unit just leased for 1 year at $1,700/M. All rents are current. Excellent 1031 exchange replacement property if you are looking for replacement of your rental property.

PLEASE DO NOT DISTURB TENANTS / OFFERS SUBJECT TO INSPECTION / BUYER TO VERIFY ALL INFORMATION.

Last Agent to Sell the Property

Ki Kim

Solidon Real Estate, Inc License #01997512 Listed on: 05/24/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,066

Year Built

  • Built in 1907

Lot Details

  • 7,000 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • 4,151 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 15 / 48
  • Assessor Parcel Number 5072026015

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $600
  • Insurance Expense $2,400
  • Maintenance Expense $1,000
  • Trash Expense $1,440
  • Water Sewer Expense $6,000
  • New Taxes Expense $16,740
  • Operating Expense $28,180
  • Net Operating Income $56,624

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,066

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 6000.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5072026015
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 336.06

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1607
  • Latitude Manual: 34.04558300

Multi Family

  • Gross Scheduled Income: 84804.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 7000.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 56624.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 28180.00
  • Rent Control: Yes
  • Total Actual Rent: 7067.00
  • Total Expenses: 28180.00

Tax Info

  • New Taxes Expense: 16740.00
  • Tax Block: 48
  • Tax Census Tract: 2181.20
  • Tax Lot: 15
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2025
Sold by
Samuel And Helen Kim Family Trust and Kim Samuel
Bought by
1417 3Rd Ave Llc
Current Estimated Value
$1,577,966

Purchase Details

Closed on
Nov 16, 2021
Sold by
Kim Samuel and Kim Helen
Bought by
Kim Samuel and Kim Helen

Purchase Details

Listed on
May 24, 2021
Closed on
Sep 12, 2021
Sold by
Kim Chy Sun and Parkkim Chung Hee
Bought by
Kim Samuel and Kim Helen
Seller's Agent
Ki Kim
Solidon Real Estate, Inc
List Price
$1,395,000
Sold Price
$1,395,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.96%
Original Mortgage
$976,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 31, 2017
Closed on
Feb 14, 2017
Sold by
Lkks Llc
Bought by
Kim Chy Sun and Parkkim Chung Hee
Seller's Agent
Eva Jacobs
Vista Sotheby's International Realty
Buyer's Agent
Training Agent
List Price
$1,295,000
Sold Price
$1,250,000
Premium/Discount to List
-$45,000
-3.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.46%

Purchase Details

Listed on
Mar 25, 2013
Closed on
Jul 18, 2013
Sold by
Lim Ok Hee
Bought by
Lkks Llc
Seller's Agent
Keith Moret
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Sun Jae Lee
New Star Realty
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.67%

Purchase Details

Listed on
Mar 25, 2013
Closed on
May 23, 2013
Sold by
Lim Duk Sung
Bought by
Lim Ok Hee
Seller's Agent
Keith Moret
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Sun Jae Lee
New Star Realty
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,200
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 25, 2013
Closed on
May 9, 2013
Sold by
Carter Mary and Reimann Marian L
Bought by
Lim Ok Hee
Seller's Agent
Keith Moret
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Sun Jae Lee
New Star Realty
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,200
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2009
Sold by
Reimann Marian L and Reimann Robert C
Bought by
Reimann Marian L and The Marian L Reimann Revocable

Purchase Details

Closed on
Oct 15, 2007
Sold by
Lupper Frank
Bought by
Lupper Frank and Lupper Vickie Diane

Purchase Details

Closed on
Oct 13, 2005
Sold by
Cho Min Seok
Bought by
Carter Mary and Reimann Marian L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
1.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2003
Sold by
Lee Jong Hyuk
Bought by
Lee Bryan Jihoon

Purchase Details

Closed on
Nov 12, 2003
Sold by
Lee Youngho Daniel
Bought by
Lee Jong Hyuk

Purchase Details

Closed on
Aug 22, 2003
Sold by
White Mountains Services Corp
Bought by
Lee Youngho Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2000
Sold by
Dale Brian
Bought by
White Mountains Services Corp and Source One Mtg Services Corp

Purchase Details

Closed on
Mar 26, 1999
Sold by
Williams Faye
Bought by
Dale Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,670
Interest Rate
7.47%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 21, 1998
Sold by
West Investments Llc
Bought by
Williams Faye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
6.86%

Purchase Details

Closed on
Dec 14, 1998
Sold by
Larkin Myron G and Larkin Gretchen A
Bought by
Wise Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
6.86%
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
1417 3Rd Ave Llc -- None Listed On Document
Kim Samuel -- None Available
Kim Samuel $1,395,000 Ticor Title Company
Kim Chy Sun $1,250,000 Provident Title Company
Lkks Llc -- None Available
Lim Ok Hee -- Progressive Title Company
Lim Ok Hee $800,000 Progressive
Reimann Marian L -- None Available
Lupper Frank -- None Available
Carter Mary $1,025,000 --
Lee Bryan Jihoon -- --
Lee Jong Hyuk -- --
Lee Youngho Daniel $503,000 --
White Mountains Services Corp $305,166 --
Dale Brian $285,000 First Southwestern Title Co
Williams Faye -- --
Wise Investments Llc $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Samuel And Helen Kim Family Tr $300,000
Previous Owner Kim Samuel $976,500
Previous Owner Lim Ok Hee $508,200
Previous Owner Carter Mary $650,000
Previous Owner Carter Mary $150,000
Previous Owner Lee Bryan Jihoon $500,000
Previous Owner Lee Bryan Jihoon $148,000
Previous Owner Lee Youngho Daniel $382,500
Previous Owner Dale Brian $282,670
Previous Owner Wise Investments Llc $171,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2021 09/16/21 Sold $1,395,000 0.0% $336 / Sq Ft
05/24/2021 05/24/21 For Sale $1,395,000 +11.6% $336 / Sq Ft
03/14/2017 03/14/17 Sold $1,250,000 -3.5% $301 / Sq Ft
02/09/2017 02/09/17 Pending -- -- --
01/31/2017 01/31/17 For Sale $1,295,000 +61.9% $312 / Sq Ft
06/18/2013 06/18/13 Sold $800,000 -5.9% $193 / Sq Ft
04/11/2013 04/11/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $850,000 -- $205 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,066 $1,480,384 $981,617 $498,767
2024 $18,066 $1,451,358 $962,370 $488,988
2023 $17,724 $1,422,900 $943,500 $479,400
2022 $16,913 $1,395,000 $925,000 $470,000
2021 $16,370 $1,340,252 $804,151 $536,101
2019 $15,887 $1,300,500 $780,300 $520,200
2018 $15,736 $1,275,000 $765,000 $510,000
2016 $10,298 $828,426 $621,320 $207,106
2015 $10,151 $815,984 $611,988 $203,996
2014 $10,207 $800,000 $600,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21111502

California Regional Multiple Listing Service (CRMLS)

APN: 5072-026-015