$1,545,000
SOLD JAN 15, 2025
8 Beds
4 Baths
5,576 Sq Ft
7,173 Sq Ft Lot

Recently Sold

$277 Per Sq Ft

29% Above List Price

15 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Heating System Uses Natural Gas
  • Charles H. Kim Elementary School Rated A-
  • Rectangular Lot

About This Home

As of January 2025

THIS IS A PROBATE!! Court Date is Set for 12/20/24 at 830am. Discover this exceptional 4-unit property nestled in the vibrant heart of Los Angeles' Koreatown neighborhood. Conveniently situated near Hollywood and downtown Los Angeles, this property offers a prime location with easy access to countless amenities and attractions. One of the standout features of this property is its generous parking area, providing ample space for residents and guests. This is a rare find in such a sought-after location. Whether you're a seasoned investor or just starting your real estate portfolio, this 4-unit property presents a fantastic opportunity. With its prime location and strong rental demand in Koreatown, this property offers excellent potential for long-term income and appreciation.

Last Agent to Sell the Property

David Lozano

IET Real Estate Brokerage Phone: 323-683-1762 License #01349477 Listed on: 10/17/2024

Last Buyer's Agent

David Kim

New Star Realty License #01731385

New Star Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,712

Year Built

  • Built in 1922

Lot Details

  • 7,173 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Level Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 5,576 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 775
  • Assessor Parcel Number 5517002018
  • $783 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 4 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,712

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Price Per Unit: 300000
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5517002018
  • Year Built: 1922
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Front of Property
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 277.08

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot, Level, Near Public Transit
  • Lot Size Sq Ft: 7173.00
  • Lot Size Acres: 0.1647

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 7173.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 3465.00

Tax Info

  • Tax Census Tract: 2115.00
  • Tax Lot: 5
  • Tax Tract Number: 775
  • TaxOtherAnnualAssessmentAmount: 783.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2024
Closed on
Jan 9, 2025
Sold by
Kim Jimmy Sang and Kim Sang Bok
Bought by
Seo Alexander Youngsoo
Seller's Agent
David Lozano
IET Real Estate
Buyer's Agent
David Kim
New Star Realty
List Price
$1,200,000
Sold Price
$1,545,000
Premium/Discount to List
$345,000
28.75%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.40%
Original Mortgage
$1,161,000
Outstanding Balance
$1,157,895
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$521,517

Purchase Details

Listed on
Oct 17, 2024
Closed on
Dec 13, 2024
Sold by
Seo Chung Sook
Bought by
Seo Alexander Youngsoo
Seller's Agent
David Lozano
IET Real Estate
Buyer's Agent
David Kim
New Star Realty
List Price
$1,200,000
Sold Price
$1,545,000
Premium/Discount to List
$345,000
28.75%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,161,000
Outstanding Balance
$1,157,895
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$521,517

Purchase Details

Closed on
Mar 21, 2024
Sold by
Kim Jimmy Sang
Bought by
Kim Jimmy Sang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2010
Sold by
Kim Kum Sun
Bought by
Kim Sang Bok

Purchase Details

Closed on
Apr 14, 2000
Sold by
Kim Sang B
Bought by
Kim Sang Bok and Kim Kum Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.25%

Purchase Details

Closed on
Mar 10, 1998
Sold by
Lee Brandon
Bought by
Kim Sang Bok

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8%

Purchase Details

Closed on
Mar 9, 1998
Sold by
Kim Kum Sun
Bought by
Kim Sang Bok

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8%

Purchase Details

Closed on
Dec 1, 1997
Sold by
Citibank National Assn
Bought by
Citimae Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
7.16%

Purchase Details

Closed on
Nov 24, 1997
Sold by
Lee Julie
Bought by
Lee Brandon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
7.16%

Purchase Details

Closed on
Aug 19, 1997
Sold by
Park Chang J
Bought by
Citibank National Assn
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,545,000 Wfg National Title
Grant Deed $1,545,000 Wfg National Title
Grant Deed -- Wfg National Title
Grant Deed -- Wfg National Title
Quit Claim Deed -- Lawyers Title
Interfamily Deed Transfer -- None Available
Gift Deed -- Commonwealth Land Title Co
Individual Deed $260,000 Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Grant Deed -- Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Grant Deed -- Old Republic Title Company
Trustee Deed $180,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,161,000 New Conventional
Previous Owner $250,000 New Conventional
Previous Owner $147,500 Unknown
Previous Owner $400,000 Unknown
Previous Owner $150,000 No Value Available
Previous Owner $100,000 No Value Available
Previous Owner $48,000 Stand Alone Second
Previous Owner $168,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 For Sale $1,750,000 0.0% $314 / Sq Ft
06/30/2025 06/30/25 Off Market $1,750,000 -- --
03/27/2025 03/27/25 For Sale $1,750,000 +13.3% $314 / Sq Ft
01/15/2025 01/15/25 Sold $1,545,000 +28.8% $277 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
10/17/2024 10/17/24 For Sale $1,200,000 -- $215 / 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
2024 $5,712 $406,993 $234,807 $172,186
2023 $5,569 $399,013 $230,203 $168,810
2022 $5,337 $391,190 $225,690 $165,500
2021 $5,240 $383,520 $221,265 $162,255
2019 $5,097 $372,147 $214,703 $157,444
2018 $4,923 $364,851 $210,494 $154,357
2016 $4,656 $350,685 $202,321 $148,364
2015 $4,594 $345,418 $199,282 $146,136
2014 $4,636 $338,653 $195,379 $143,274
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24215356

California Regional Multiple Listing Service (CRMLS)

APN: 5517-002-018