NOT LISTED FOR SALE

1492 W 27th St Los Angeles, CA 90007

Adams-Normandie Neighborhood

Estimated Value: $1,028,000 - $1,268,000

10 Beds
4 Baths
3,124 Sq Ft
$378/Sq Ft Est. Value

Last Sold January 23, 2024

Last sale price $1,130,000 $362 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,553/month

47 Days on Market

About This Home

As of January 2024

HUGE PRICE REDUCTION!!! Opportunity Opportunity Opportunity!!! First time on the Market in 17 Years!!! This 2 Story Four Unit Building is in need of TLC. It offers two 3 Bedroom 1 Bath Units and two 2 Bedroom 1 bath units. Public record shows 4 bed, 4 bath, buyer to verify permits. Two units are upstairs and two are downstairs: 3 bedroom units are upstairs and 2 Bedroom Units are downstairs. Some Units are currently rented to students from USC. Has potential for much higher rents. The rooms are individually rented out. In addition there is parking galore: there is a huge parking lot in the back which can fit approximately 8-10 cars! The property has a coin laundry room for convenience. Agents please see private remarks.

Last Agent to Sell the Property

Robert Flannigan

Estate Properties License #01271809 Listed on: 11/03/2023

Estate Properties

Last Buyer's Agent

Jason Lee

Team Spirit Realty License #01845646

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,059

Year Built

  • Built in 1911

Lot Details

  • 7,001 Sq Ft Lot

Parking

  • Driveway

Home Design

  • Victorian Architecture
  • Split Level Home

Interior Spaces

  • 3,124 Sq Ft Home
  • Laminate Flooring
  • Gas Dryer Hookup

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 5054-031-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,059

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Victorian
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Alley: No
  • Living Area: 3124
  • Lot Acreage: 0.1607
  • Probate: No
  • Year Built: 1911
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Laminate
  • Bedrooms: 10
  • Total Bathrooms: 4.00
  • Equipment: Gas Dryer Hookup
  • Price Per S Q F T: 384.12

Exterior Features

  • Other Structures: None
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway

Utilities

  • Water District: DWP
  • Heating: Wall
  • Sewer: In Street
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 26.97
  • Assessed Improvement Value: 315236
  • Assessed Land Percent: 73.03
  • Assessed Land Value: 853780
  • Total Assessed Value: 1169016
  • Assessor Parcel Number: 5054-031-005
  • Lot Size Area: 7001

Rental Info

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

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 9.00
  • Number Of Units: 4
  • Total Annual Expense: 17400
  • Type Of Units: Residential
  • Vacancy Rate: 0

Tax Info

  • Private Transfer Taxes: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2023
Closed on
Jan 16, 2024
Sold by
Bae Hyejin
Bought by
Yun Justin
Seller's Agent
Robert Flannigan
Estate Properties
Buyer's Agent
Jason Lee
Team Spirit Realty
List Price
$1,700,000
Sold Price
$1,130,000
Premium/Discount to List
-$570,000
-33.53%
Views
33
Current Estimated Value
$1,180,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,275
Avg. Annual Appreciation
2.71%
Original Mortgage
$847,500
Outstanding Balance
$832,892
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$347,383

Purchase Details

Listed on
Nov 3, 2023
Closed on
Jan 3, 2024
Sold by
Flucus Jermone Edward and Davis Kristopher Orlando
Bought by
Yun Justin
Seller's Agent
Robert Flannigan
Estate Properties
Buyer's Agent
Jason Lee
Team Spirit Realty
List Price
$1,700,000
Sold Price
$1,130,000
Premium/Discount to List
-$570,000
-33.53%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$847,500
Outstanding Balance
$832,892
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$347,383

Purchase Details

Closed on
Jul 1, 2023
Sold by
Davis Deborah A
Bought by
Flucus Jermone Edward and Davis Kristopher Orlando

Purchase Details

Closed on
Jan 31, 2006
Sold by
Bhakta Paras
Bought by
Bhakta Paras and Gupta Rohan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 8, 2003
Sold by
Mirrafati David
Bought by
Bhakta Paras

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2003
Sold by
Chase Manhattan Mortgage Corp
Bought by
Mirrafati David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 2003
Sold by
Cano Aida
Bought by
Chase Manhattan Mortgage Corp

Purchase Details

Closed on
Jan 21, 2000
Sold by
West City Properties Inc
Bought by
Cano Aida and Aruniega Mariela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,547
Interest Rate
8.06%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 25, 1999
Sold by
Fierro Joseph
Bought by
West City Properties Inc

Purchase Details

Closed on
Jul 8, 1998
Sold by
Federal National Mortgage Association
Bought by
Fierro Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,920
Interest Rate
4.35%

Purchase Details

Closed on
Mar 4, 1998
Sold by
Karrar Jalal
Bought by
Fullerton Mtg & Escrow Company

Purchase Details

Closed on
Mar 18, 1997
Sold by
Fullerton Mtg & Escrow Company
Bought by
Federal National Mortgage Association
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
Yun Justin -- Lawyers Title
Yun Justin $1,130,000 Lawyers Title
Flucus Jermone Edward -- None Listed On Document
Bhakta Paras -- Fidelity National Title Co
Davis Deborah A $890,000 Fidelity National Title Co
Bhakta Paras $525,000 Orange Coast Title
Mirrafati David $300,000 First American Title Ins Co
Chase Manhattan Mortgage Corp $300,000 --
Cano Aida $300,000 American Title Co
West City Properties Inc -- Landsafe Title
Fierro Joseph $140,000 Commonwealth Title
Fullerton Mtg & Escrow Company $145,000 First American Title Ins Co
Federal National Mortgage Association -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yun Justin $847,500
Previous Owner Davis Deborah A $50,000
Previous Owner Davis Deborah A $667,500
Previous Owner Bhakta Paras $420,000
Previous Owner Cano Aida $297,547
Previous Owner Fierro Joseph $111,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2024 01/23/24 Sold $1,130,000 -5.8% $362 / Sq Ft
12/20/2023 12/20/23 Pending -- -- --
12/07/2023 12/07/23 Price Changed $1,200,000 -14.3% $384 / Sq Ft
11/30/2023 11/30/23 Price Changed $1,400,000 -17.6% $448 / Sq Ft
11/03/2023 11/03/23 For Sale $1,700,000 -- $544 / 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 $14,059 $1,152,600 $923,100 $229,500
2024 $14,059 $1,130,000 $800,000 $330,000
2023 $14,528 $1,169,016 $853,780 $315,236
2022 $13,862 $1,146,095 $837,040 $309,055
2021 $13,682 $1,123,624 $820,628 $302,996
2019 $13,277 $1,090,299 $796,289 $294,010
2018 $9,981 $800,000 $587,200 $212,800
2016 $7,517 $600,000 $440,400 $159,600
2015 $7,518 $600,000 $440,400 $159,600
2014 $7,041 $545,000 $400,000 $145,000
Source: Public Records

Agents Affiliated with this Home

  • Robert Flannigan

    Seller's Agent in 2024

    Robert Flannigan

    Estate Properties

    (310) 692-0409

    1 in this area

    22 Total Sales

    Robert Flannigan
    Section Image

  • J

    Buyer's Agent in 2024

    Jason Lee

    Team Spirit Realty

    (310) 628-7100

    3 in this area

    69 Total Sales

    Jason Lee
    Section Image
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Map

Source: The MLS

MLS Number: 23-328923

The MLS

APN: 5054-031-005

California Los Angeles County Los Angeles 90007 Adams-Normandie

1492 W 27th St, Los Angeles, CA

This home is located at 1492 W 27th St, Los Angeles, CA 90007 since 03 November 2023 and is currently estimated at $1,180,275, approximately $377 per square foot. This property was built in 1911. 1492 W 27th St is a home located in Los Angeles County with nearby schools including Vermont Avenue Elementary School, Manual Arts Senior High School, and Camino Nuevo Elementary #3.

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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.
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