NOT LISTED FOR SALE

1507 E 23rd St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $846,000 - $1,003,000

8 Beds
4 Baths
2,430 Sq Ft
$373/Sq Ft Est. Value

Sale Details

Date Sold: September 11, 2017

Last sale price $600,000 $247 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,634 / mo

40 Days on Market

Highlights

  • Built in 2005 | Newly Remodeled
  • Central Heating and Cooling System
  • Level Lot
  • Property is near public transit

About This Home

As of September 2017

Located right in the heart of Los Angeles! Nearby areas and buildings: Restaurant Depot, STAPLES Center, Natural History Museum of LA, USC, other schools, etc. Public transportation within a few blocks. Newly built in 2005 with a total of 2 units in building. Great price for being in this older LA neighborhood. Excellent rental income.

Last Agent to Sell the Property

ZEI LAN LEE

KUN TAI REALTY INC. License #01059431 Listed on: 06/18/2017

Last Buyer's Agent

ZEI LAN LEE

KUN TAI REALTY INC. License #01059431 Listed on: 06/18/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,169

Year Built

  • Built in 2005 | Newly Remodeled

Lot Details

  • 5,662 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • 5119026003

Home Design

  • 2,430 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces
  • On-Street Parking

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance
  • Tax Lot 130
  • Assessor Parcel Number 5118006002

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,600
  • Insurance Expense $1,675
  • Trash Expense $600
  • Water Sewer Expense $3,500
  • New Taxes Expense $6,000
  • Operating Expense $15,375
  • Gross Income $45,420
  • Net Operating Income $30,045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,169

Year Built

Built in 2005 | Newly Remodeled

Lot Details

5,662 Sq Ft Lot

Listing Details

  • CapRate: 7.10
  • Property Attached: No
  • Water Sewer Expenses: 3500.00
  • Zoning: LARD2
  • New Construction: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5118006002
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 246.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Parking Features: Carport, Street
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5119026003
  • Land Lease: No
  • Lot Features: Level, Near Public Transit
  • Lot Size Sq Ft: 5662.00

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance

Multi Family

  • Electric Expense: 3600.00
  • Gross Income: 45420.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 1675.00
  • Net Operating Income: 30045.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 38244.00
  • Rent Control: No
  • Total Actual Rent: 3735.00
  • Total Expenses: 15375.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Area: 6-658
  • Tax Census Tract: 2270.10
  • Tax Lot: 130
  • Tax Annual Amount: 5168.88

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2025
Sold by
Bought by
Current Estimated Value
$905,819

Purchase Details

Listed on
Jun 18, 2017
Closed on
Sep 6, 2017
Sold by
Bought by
Seller's Agent
ZEI LAN LEE
KUN TAI REALTY INC.
Buyer's Agent
ZEI LAN LEE
KUN TAI REALTY INC.
List Price
$639,888
Sold Price
$600,000
Premium/Discount to List
-$39,888
-6.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.75%
Original Mortgage
$450,000
Interest Rate
0.0392%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 18, 2017
Closed on
Aug 25, 2017
Sold by
Bought by
Seller's Agent
ZEI LAN LEE
KUN TAI REALTY INC.
Buyer's Agent
ZEI LAN LEE
KUN TAI REALTY INC.
List Price
$639,888
Sold Price
$600,000
Premium/Discount to List
-$39,888
-6.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.0392%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 18, 2017
Closed on
Aug 1, 2017
Sold by
Bought by
Seller's Agent
ZEI LAN LEE
KUN TAI REALTY INC.
Buyer's Agent
ZEI LAN LEE
KUN TAI REALTY INC.
List Price
$639,888
Sold Price
$600,000
Premium/Discount to List
-$39,888
-6.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.0392%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,750
Interest Rate
0.045%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 14, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,750
Interest Rate
0.045%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 19, 2015
Closed on
Mar 24, 2015
Sold by
Bought by
Seller's Agent
Magaly Gordon
West Shores Realty, Inc.
Buyer's Agent
Antonio Martinez
Keller Williams Pacific Estates
List Price
$399,000
Sold Price
$408,000
Premium/Discount to List
$9,000
2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Original Mortgage
$61,200
Interest Rate
0.0365%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Feb 19, 2015
Closed on
Mar 12, 2015
Sold by
Bought by
Seller's Agent
Magaly Gordon
West Shores Realty, Inc.
Buyer's Agent
Antonio Martinez
Keller Williams Pacific Estates
List Price
$399,000
Sold Price
$408,000
Premium/Discount to List
$9,000
2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,200
Interest Rate
0.0365%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 28, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 27, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,800
Interest Rate
0.0616%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 21, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,800
Interest Rate
0.0616%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 12, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,500
Interest Rate
0.0584%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- Lawyer Title Insurance Corp
$600,000 Lawyer Title Insurance Corp
-- Lawyers Title
$495,000 Wfg Title Company
-- None Available
-- Fidelity National Title
$408,000 Fidelity National Title
-- None Available
-- Fidelity National Title Co
$629,000 Fidelity National Title Co
$630,000 California Counties Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $448,000
Previous Owner $450,000
Previous Owner $321,750
Previous Owner $337,000
Previous Owner $61,200
Previous Owner $265,200
Previous Owner $125,800
Previous Owner $503,200
Previous Owner $368,000
Previous Owner $567,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/11/2017 09/11/17 Sold $600,000 -3.2% $247 / Sq Ft
07/28/2017 07/28/17 Pending -- -- --
07/06/2017 07/06/17 Price Changed $619,888 -3.1% $255 / Sq Ft
06/18/2017 06/18/17 For Sale $639,888 +56.8% $263 / Sq Ft
04/10/2015 04/10/15 Sold $408,000 +2.3% $168 / Sq Ft View Prior Sale
02/26/2015 02/26/15 Pending -- -- --
02/19/2015 02/19/15 For Sale $399,000 -- $164 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,559 $682,692 $432,371 $250,321
2024 $8,451 $669,307 $423,894 $245,413
2023 $8,292 $656,184 $415,583 $240,601
2022 $7,913 $643,319 $407,435 $235,884
2021 $7,809 $630,706 $399,447 $231,259
2019 $7,579 $612,000 $387,600 $224,400
2018 $7,448 $600,000 $380,000 $220,000
2016 $5,169 $414,222 $304,575 $109,647
2015 $4,298 $341,119 $213,200 $127,919
2014 $4,323 $334,438 $209,024 $125,414
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2017

    ZEI LAN LEE

    KUN TAI REALTY INC.

  • Magaly Gordon

    Seller's Agent in 2015

    Magaly Gordon

    West Shores Realty, Inc.

    (310) 864-9382

    7 Total Sales

    Magaly Gordon
    Section Image
  • Antonio Martinez

    Buyer's Agent in 2015

    Antonio Martinez

    Keller Williams Pacific Estates

    (310) 259-9106

    39 Total Sales

    Antonio Martinez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17136751

California Regional Multiple Listing Service (CRMLS)

APN: 5118-006-002

California Los Angeles County Los Angeles 90011 Central Alameda

1507 E 23rd St, Los Angeles, CA

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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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