NOT LISTED FOR SALE

1516 S Cloverdale Ave Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,211,000 - $1,499,241

4 Beds
2 Baths
2,581 Sq Ft
$513/Sq Ft Est. Value

Last Sold August 08, 2018

Last sale price $824,000 $319 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $7,918/month

Highlights

  • Property is near public transit
  • Laundry Room
  • Level Lot
  • No HOA

About This Home

As of August 2018

Great upside potential in a up and coming neighborhood. Two units both with 2 beds and 1 bath with large family and dining room. Newer roof and inside laundry area. Hardwood floors and spacious layout. Gated with plenty of parking space. Perfect for an investor or live in one unit and collect
the rent on the other unit. WILL BE DELIVERED WITH ONE UNIT VACANT!

Last Agent to Sell the Property

Jonathan Kim

Equity Union License #01419100 Listed on: 03/27/2018

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,361

Year Built

  • Built in 1928

Lot Details

  • 5,480 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • 2,581 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 1740
  • Assessor Parcel Number 5070014020

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $1,000
  • Water Sewer Expense $1,000
  • New Taxes Expense $9,624
  • Operating Expense $11,624
  • Gross Income $36,792
  • Net Operating Income $25,168

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,361

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.15
  • Property Attached: No
  • Water Sewer Expenses: 1000.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5070014020
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 319.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Near Public Transit
  • Lot Size Sq Ft: 5480.00

Multi Family

  • Average2 Bed Area: 1290 Square Feet
  • Gross Income: 36792.00
  • Gross Scheduled Income: 36792.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 25168.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 11624.00
  • Rent Control: Yes
  • Total Expenses: 11624.00

Tax Info

  • New Taxes Expense: 9624.00
  • Tax Census Tract: 2171.00
  • Tax Lot: 20
  • Tax Tract Number: 1740

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2022
Sold by
Jahng Yosup and Jahng Haisook
Bought by
Yosup And Haisook Jahng Family Trust
Current Estimated Value
$1,325,310

Purchase Details

Listed on
Mar 27, 2018
Closed on
Aug 1, 2018
Sold by
Yoon Kenneth
Bought by
Jahng Yosup D and Jahng Haisook
Seller's Agent
Jonathan Kim
Equity Union
List Price
$769,900
Sold Price
$824,000
Premium/Discount to List
$54,100
7.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%

Purchase Details

Closed on
Sep 13, 2016
Sold by
Yoon Kenneth
Bought by
Yoon Kenneth and Yoon Soyoung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2011
Sold by
Hur Soyoung
Bought by
Yoon Kenneth and Hur Soyoung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2009
Sold by
Yoon Kenneth
Bought by
Hur Soyoung

Purchase Details

Closed on
Sep 4, 2009
Sold by
Morris Tiffany
Bought by
Ramahlo Katrina

Purchase Details

Closed on
Sep 3, 2009
Sold by
Ramalho Katrina
Bought by
Hur Soyoung

Purchase Details

Closed on
Dec 26, 2006
Sold by
Kim Yong Ki
Bought by
Ramalho Katrina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,200
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2004
Sold by
Lee Haeng Ja
Bought by
Kim Yong Ki

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
6.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2003
Sold by
Lee Hae Yang
Bought by
Lee Haeng Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2003
Sold by
Smith Jerry D
Bought by
Lee Haeng Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage
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
Yosup And Haisook Jahng Family Trust -- --
Jahng Yosup D $824,000 Pacific Coast Title Company
Yoon Kenneth -- Fidelity National Title
Yoon Kenneth -- First American Title Company
Hur Soyoung -- Fidelity National Title
Ramahlo Katrina -- Fidelity National Title
Hur Soyoung $275,000 Fidelity National Title
Ramalho Katrina $699,000 Orange Coast Title
Kim Yong Ki $500,000 Stewart
Lee Haeng Ja -- Stewart Title Of Ca Inc
Lee Haeng Ja $325,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yoon Kenneth $342,000
Previous Owner Yoon Kenneth $370,000
Previous Owner Ramalho Katrina $559,200
Previous Owner Kim Yong Ki $450,000
Previous Owner Lee Haeng Ja $292,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2018 08/08/18 Sold $824,000 +7.0% $319 / Sq Ft
05/28/2018 05/28/18 Pending -- -- --
03/27/2018 03/27/18 For Sale $769,900 -- $298 / 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 $11,361 $919,183 $669,309 $249,874
2024 $11,224 $901,161 $656,186 $244,975
2023 $11,013 $883,492 $643,320 $240,172
2022 $10,510 $866,169 $630,706 $235,463
2021 $10,372 $849,187 $618,340 $230,847
2020 $10,476 $840,480 $612,000 $228,480
2019 $10,065 $824,000 $600,000 $224,000
2018 $4,008 $311,968 $226,888 $85,080
2016 $3,812 $299,856 $218,079 $81,777
2015 $3,759 $295,353 $214,804 $80,549
2014 $3,785 $289,569 $210,597 $78,972
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Kim

    Seller's Agent in 2018

    Jonathan Kim

    Equity Union

    (661) 312-2215

    1 in this area

    25 Total Sales

    Jonathan Kim
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18071422

California Regional Multiple Listing Service (CRMLS)

APN: 5070-014-020

California Los Angeles County Los Angeles 90019 Mid-City

1516 S Cloverdale Ave, Los Angeles, CA

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