NOT LISTED FOR SALE

Estimated Value: $990,564 - $1,059,000

6 Beds
4 Baths
2,365 Sq Ft
$433/Sq Ft Est. Value

Last Sold May 12, 2014

Last sale price $450,000 $190 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $6,113/month

23 Days on Market

Highlights

  • Craftsman Architecture
  • No HOA
  • Central Heating and Cooling System
  • Wood Flooring
  • Laundry Room
  • Front Yard

About This Home

As of May 2014

STANDARD SALE 90 Day Flip Rule DOES NOT APPLY. Location, Location, Location. Great 2 Unit rehabbed property. Featuring 3 bedrooms/ 2 baths EACH with remodeled kitchens including granite counters, baths, freshly painted interior and exterior, new flooring and much more. Perfect for new owner to live in one and rent the other or buy for rental income. Property features large back yard that can be used for parking (at least 4 cars may fit). Located blocks away from LA Live, Staple and Convention centers. Close to new shopping, entertainment and restaurants in Downtown LA. Call for a showing appointment. Agents Please read private remarks. Thank you.

Last Agent to Sell the Property

KATYA VELASQUEZ

RE/MAX TIME REALTY License #01274909 Listed on: 03/12/2014

RE/MAX TIME REALTY

Last Buyer's Agent

KATYA VELASQUEZ

RE/MAX TIME REALTY License #01274909 Listed on: 03/12/2014

RE/MAX TIME REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,868

Year Built

  • Built in 1901

Lot Details

  • 4,801 Sq Ft Lot
  • No Common Walls
  • Front Yard

Home Design

  • Craftsman Architecture

Interior Spaces

  • 2,365 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Paved Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 8 / 5
  • Assessor Parcel Number 5135030009

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,868

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 5135030009
  • Year Built: 1901
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Levels: Two
  • Price Per Square Foot: 190.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4801.00
  • Lot Size Acres: 0.1100

Multi Family

  • Lot Size Area: 4801.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Block: 5
  • Tax Lot: 8
  • Tax Tract Number: 0000
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2022
Sold by
Lee Jasper S
Bought by
Lee Han Young and Lee Ki Yong
Current Estimated Value
$1,012,127

Purchase Details

Closed on
Jan 18, 2019
Sold by
Lee Jasper S and Lee Han Young
Bought by
Lee Han Young and Lee Ki Yong

Purchase Details

Listed on
Mar 12, 2014
Closed on
May 7, 2014
Sold by
Rey Sanchez Investments Llc
Bought by
Lee Jasper S and Lee Han Young
Seller's Agent
KATYA VELASQUEZ
RE/MAX TIME REALTY
Buyer's Agent
KATYA VELASQUEZ
RE/MAX TIME REALTY
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.42%
Original Mortgage
$360,000
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2014
Closed on
Apr 28, 2014
Sold by
Lee Ki Yong
Bought by
Lee Han Young
Seller's Agent
KATYA VELASQUEZ
RE/MAX TIME REALTY
Buyer's Agent
KATYA VELASQUEZ
RE/MAX TIME REALTY
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 2013
Sold by
Feliz Belgica M
Bought by
Rey Sanchez Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,000
Interest Rate
4.53%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 18, 2003
Sold by
Salcedo Maria
Bought by
Feliz Belgica M

Purchase Details

Closed on
Apr 29, 2003
Sold by
Noriega Robert and Noriega Carmen
Bought by
Salcedo Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,300
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 1996
Sold by
Noriega Ruben J
Bought by
Noriega Robert and Noriega Carmen

Purchase Details

Closed on
Jun 16, 1994
Sold by
Noriega Lupita
Bought by
Noriega Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.87%

Purchase Details

Closed on
Jun 3, 1994
Sold by
Noriega Irene
Bought by
Noriega Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.87%
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
Lee Han Young -- Chicago Title
Lee Han Young -- None Available
Lee Jasper S $450,000 Lawyers Title Company
Lee Han Young -- Lawyers Title Company
Rey Sanchez Investments $290,000 Lawyers Title
Feliz Belgica M -- --
Salcedo Maria $232,863 Diversified Title & Escrow S
Noriega Robert -- --
Noriega Ruben -- World Title
Noriega Ruben $100,000 World Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Jasper S $360,000
Previous Owner Rey Sanchez Investments $29,000
Previous Owner Rey Sanchez Investments $203,000
Previous Owner Feliz Belgica M $455,000
Previous Owner Feliz Belgica M $365,000
Previous Owner Feliz Belgica M $307,000
Previous Owner Feliz Belgica M $284,800
Previous Owner Salcedo Maria $186,300
Previous Owner Noriega Ruben $75,000
Closed Salcedo Maria $46,575
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2014 05/12/14 Sold $450,000 0.0% $190 / Sq Ft
04/04/2014 04/04/14 Pending -- -- --
03/12/2014 03/12/14 For Sale $450,000 +55.2% $190 / Sq Ft
10/22/2013 10/22/13 Sold $290,000 +5.5% $123 / Sq Ft
06/18/2013 06/18/13 Pending -- -- --
06/16/2013 06/16/13 For Sale $275,000 -- $116 / 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 $6,868 $551,628 $367,754 $183,874
2024 $6,868 $540,813 $360,544 $180,269
2023 $6,743 $530,210 $353,475 $176,735
2022 $6,440 $519,815 $346,545 $173,270
2021 $6,350 $509,623 $339,750 $169,873
2020 $6,411 $504,399 $336,267 $168,132
2019 $6,165 $494,510 $329,674 $164,836
2018 $6,057 $484,814 $323,210 $161,604
2016 $5,777 $465,990 $310,660 $155,330
2015 $6,145 $458,991 $305,994 $152,997
2014 $5,116 $400,000 $280,000 $120,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14050929

California Regional Multiple Listing Service (CRMLS)

APN: 5135-030-009