NOT LISTED FOR SALE

1506 3rd Ave Los Angeles, CA 90019

Arlington Heights Neighborhood

Estimated Value: $1,286,000 - $1,613,000

5 Beds
4 Baths
2,609 Sq Ft
$543/Sq Ft Est. Value

Last Sold January 31, 2014

Last sale price $595,000 $228 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $8,321/month

87 Days on Market

About This Home

As of January 2014

Attention investors!! Price reduced!! Remodeled 2 units near Korea town. Both units are in turnkey condition and have been completely remodeled with new kitchens, bathrooms, and bedrooms with new flooring, new paint and new landscaping. Long driveway with extra parking behind the building. Front unit is a 3 bedroom 2 bathroom. Rear unit is a 2 bedroom 2 bathroom. Great income property on a nice street.

Last Agent to Sell the Property

John Kim

Keller Williams Los Angeles License #01744170 Listed on: 10/04/2013

Keller Williams Los Angeles

Last Buyer's Agent

Yvonne Kim

WIN Realty & Properties License #01851796

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,871

Year Built

  • Built in 1909

Lot Details

  • 7,500

Interior Spaces

  • 2,609 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Additional Features

  • 7,500 Sq Ft Lot
  • Central Heating

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5072-035-028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,871

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2609
  • Stories: 1
  • Year Built: 1909
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 241.01

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 6

Utilities

  • Heating: Central

Lot Info

  • Assessed Improvement Value: 155000
  • Assessed Land Value: 347500
  • Assessor Parcel Number: 5072-035-028
  • Geocode Override: No
  • Lot Size Area: 7500

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: 2 on a lot
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2018
Sold by
Chang Choong Yong
Bought by
Chang Choong Yong and Chang Chung Soon
Current Estimated Value
$1,417,756

Purchase Details

Closed on
Dec 4, 2017
Sold by
Chang Chung Soon
Bought by
Chang Choong Yong and Chang Chung Soon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 4, 2013
Closed on
Jan 6, 2014
Sold by
Ifs Properties Llc
Bought by
Chang Chung Soon
Seller's Agent
John Kim
Keller Williams Los Angeles
Buyer's Agent
Yvonne Kim
WIN Realty & Properties
List Price
$628,888
Sold Price
$595,000
Premium/Discount to List
-$33,888
-5.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.81%
Original Mortgage
$460,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2012
Sold by
Nationstar Mortgage Llc
Bought by
Ifs Prorperties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.32%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 16, 2012
Sold by
Aurora Loan Services Llc
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Oct 25, 2011
Sold by
Kim Douglas
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
May 10, 2011
Sold by
Pax America Development Llc
Bought by
Kim Douglas

Purchase Details

Closed on
Jan 26, 2011
Sold by
Sg Global Inc
Bought by
Pax America Development Llc

Purchase Details

Closed on
Nov 10, 2010
Sold by
Kim Douglas
Bought by
Kim Douglas and Sg Global Inc

Purchase Details

Closed on
Sep 20, 2005
Sold by
Lee Justin
Bought by
Kim Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 26, 2003
Sold by
Lim In Hyang
Bought by
Lee Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2001
Sold by
Gomez Manuel J
Bought by
Lim In Hyang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.96%
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
Chang Choong Yong -- None Available
Chang Choong Yong -- Provident Title Company
Chang Chung Soon $595,000 Lawyers Title
Ifs Prorperties Llc $362,500 Lawyers Tite
Nationstar Mortgage Llc $362,500 Lawyers Title
Aurora Loan Services Llc $401,700 Accommodation
Kim Douglas -- None Available
Pax America Development Llc -- None Available
Kim Douglas -- None Available
Kim Douglas $610,000 --
Lee Justin $420,000 Stewart Title
Lim In Hyang $250,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chang Choong Yong $650,000
Closed Chang Choong Yong $653,550
Closed Chang Choong Yong $430,000
Closed Chang Chung Soon $460,000
Previous Owner Ifs Properties Llc $300,000
Previous Owner Kim Douglas $616,000
Previous Owner Kim Douglas $88,000
Previous Owner Kim Douglas $488,000
Previous Owner Lee Justin $450,000
Previous Owner Lee Justin $322,700
Previous Owner Lim In Hyang $50,000
Previous Owner Lim In Hyang $251,200
Previous Owner Lim In Hyang $62,800
Previous Owner Lim In Hyang $225,000
Closed Lee Justin $55,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2014 01/31/14 Sold $595,000 -5.4% $228 / Sq Ft
12/30/2013 12/30/13 Pending -- -- --
10/04/2013 10/04/13 For Sale $628,888 -- $241 / 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 $7,871 $633,625 $506,910 $126,715
2024 $7,871 $621,202 $496,971 $124,231
2023 $7,727 $609,023 $487,227 $121,796
2022 $7,381 $597,082 $477,674 $119,408
2021 $7,272 $585,375 $468,308 $117,067
2019 $7,059 $568,015 $454,419 $113,596
2018 $6,917 $556,878 $445,509 $111,369
2017 $6,771 $545,960 $436,774 $109,186
2016 $6,586 $535,256 $428,210 $107,046
2015 $7,441 $606,887 $485,510 $121,377
2014 $4,739 $363,894 $218,236 $145,658
Source: Public Records

Agents Affiliated with this Home

  • John Kim

    Seller's Agent in 2014

    John Kim

    Keller Williams Los Angeles

    (818) 357-8680

    12 Total Sales

    John Kim
    Section Image
  • Yvonne Kim

    Buyer's Agent in 2014

    Yvonne Kim

    WIN Realty & Properties

    (323) 470-2799

    1 in this area

    12 Total Sales

    Yvonne Kim
    Section Image
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Map

Source: The MLS

MLS Number: 13-708505

The MLS

APN: 5072-035-028

California Los Angeles County Los Angeles 90019 Arlington Heights

1506 3rd Ave, Los Angeles, CA

This home is located at 1506 3rd Ave, Los Angeles, CA 90019 since 04 October 2013 and is currently estimated at $1,417,756, approximately $543 per square foot. This property was built in 1909. 1506 3rd Ave is a home located in Los Angeles County with nearby schools including Carson-Gore Academy Of Enviornmental Studies, Pio Pico Middle School, and Los Angeles Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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