NOT LISTED FOR SALE

1573 W 37th Place Los Angeles, CA 90018

Exposition Park Neighborhood

Estimated Value: $801,000 - $1,851,000

5 Beds
2 Baths
2,064 Sq Ft
$577/Sq Ft Est. Value

Last Sold January 06, 2016

Last sale price $420,000 $203 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $6,864/month

23 Days on Market

About This Home

As of January 2016

Spacious five bedroom, three bathroom duplex close to the University of Southern California. The front unit is two bedrooms and one bathroom on a single story and the rear unit is a three bedroom, two bathroom unit on two. Both units have carpet flooring and very large kitchens with tile flooring. Two detached garages with two spots each at the rear of property along with additional space in the driveway. The property is subject to City of Los Angeles Rent Stabilization Ordinance. Property is close to public transportation, restaurants, shops, Denker Recreation Center, Martin Luther King Jr Park, Foshay Learning Center, 36th Early Education Center, Birdielee V. Bright Elementary School, Lenicia B. Weemes Elementary School, Martin Luther King Jr Elementary School, University of Southern California, and more. Easy access to 10 and 110 Freeways. Centrally located to Crenshaw, Leimert Park, South Los Angeles, Vernon, South Park, Downtown Los Angeles, Koreatown, Miracle Mile, and more.

Last Agent to Sell the Property

Sebastian Stofenmacher

Edgestone Real Estate, Inc. License #01328684 Listed on: 11/23/2015

Last Buyer's Agent

Subscriber Non

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,185

Year Built

  • Built in 1905

Lot Details

  • 6,188 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 2,064 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling Available
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 2225
  • Assessor Parcel Number 5041026016

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Insurance Expense $2,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $4,700
  • Gross Income $2,100
  • Net Operating Income $16,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,185

Year Built

Built in 1905

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 5041026016
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 203.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6188.00
  • Price Per Lot Square Foot: 67.87
  • Lot Size Acres: 0.1420

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 2100.00
  • Gross Scheduled Income: 25200.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6188.0000 Square Feet
  • Net Operating Income: 16380.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 8820.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 4700.00
  • Tax Lot: 15
  • Tax Tract Number: 2225

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2018
Sold by
Kang Sung Y
Bought by
Kang Sung Yong and Kang Mi Sook
Current Estimated Value
$1,191,738

Purchase Details

Listed on
Nov 23, 2015
Closed on
Dec 29, 2015
Sold by
Fannie Mae
Bought by
Kang Sung Y
Seller's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
Buyer's Agent
Subscriber Non
List Price
$426,600
Sold Price
$420,000
Premium/Discount to List
-$6,600
-1.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.42%

Purchase Details

Closed on
Jan 5, 2015
Sold by
Kang Mi Sook
Bought by
Kang Sung Y

Purchase Details

Closed on
Oct 13, 2011
Sold by
Linares Misael
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 22, 2007
Sold by
Linares Misael
Bought by
Linares Misael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2007
Sold by
Linares Dora E
Bought by
Linares Misael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2006
Sold by
Linares Misael
Bought by
Linares Misael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
6.3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 6, 2006
Sold by
Linares Dora E
Bought by
Linares Misael

Purchase Details

Closed on
Oct 29, 2003
Sold by
Romo Zenaida Miranda
Bought by
Linares Dora E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,300
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2003
Sold by
Ponce Pablo
Bought by
Romo Zenaida Miranda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,500
Interest Rate
5.6%
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
Kang Sung Yong -- Chase Title
Kang Sung Yong -- Chase Title
Kang Sung Y $420,000 Servicelink
Kang Sung Y -- Servicelink
Federal National Mortgage Association $578,799 Accommodation
Linares Misael -- None Available
Linares Misael -- Commonwealth Land Title Co
Linares Misael -- Accommodation
Linares Misael -- None Available
Linares Misael -- None Available
Linares Dora E $214,000 Ticor Title Co
Romo Zenaida Miranda -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Linares Misael $487,500
Previous Owner Linares Misael $365,000
Previous Owner Linares Dora E $203,300
Previous Owner Romo Zenaida Miranda $118,500
Previous Owner Romo Zenaida Miranda $118,500
Previous Owner Romo Zenaida Miranda $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2016 01/06/16 Sold $420,000 -1.5% $203 / Sq Ft
12/16/2015 12/16/15 Pending -- -- --
11/23/2015 11/23/15 For Sale $426,600 -- $207 / 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 $6,185 $1,544,063 $298,312 $1,245,751
2024 $6,185 $487,438 $292,463 $194,975
2023 $6,073 $477,881 $286,729 $191,152
2022 $5,800 $468,511 $281,107 $187,404
2021 $5,719 $459,326 $275,596 $183,730
2019 $5,552 $445,705 $267,423 $178,282
2018 $5,481 $436,967 $262,180 $174,787
2016 $4,017 $318,310 $212,207 $106,103
2015 $3,961 $313,530 $209,020 $104,510
2014 $3,988 $307,389 $204,926 $102,463
Source: Public Records

Agents Affiliated with this Home

  • Sebastian Stofenmacher

    Seller's Agent in 2016

    Sebastian Stofenmacher

    Edgestone Real Estate, Inc.

    (818) 464-5113

    99 Total Sales

    Sebastian Stofenmacher
    Section Image

  • S

    Buyer's Agent in 2016

    Subscriber Non

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15251706

California Regional Multiple Listing Service (CRMLS)

APN: 5041-026-016

California Los Angeles County Los Angeles 90018 Exposition Park

1573 W 37th Place, Los Angeles, CA

This home is located at 1573 W 37th Place, Los Angeles, CA 90018 since 23 November 2015 and is currently estimated at $1,191,738, approximately $577 per square foot. This property was built in 1905. 1573 W 37th Place is a home located in Los Angeles County with nearby schools including Birdielee V. Bright Elementary School, Manual Arts Senior High School, and Stem Preparatory Academy.

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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