NOT LISTED FOR SALE

1583 W 29th St Los Angeles, CA 90007

Adams-Normandie Neighborhood

Estimated Value: $3,706,000

16 Beds
6 Baths
9,882 Sq Ft
$375/Sq Ft Est. Value

Last Sold July 17, 2015

Last sale price $2,000,000 $202 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $22,493/month

22 Days on Market

Highlights

  • Auto Driveway Gate
  • 1-Story Property
  • 3-minute walk to Richardson Family Park
  • 22,516 Sq Ft lot

About This Home

As of July 2015

1583 W. 29th St. is a 16 unit, courtyard style stucco building. Built in 1922, the property consists of six separate buildings: four 3-unit buildings and two 2-unit buildings. All units are 1+1 and the property has 16 parking spaces. The property sits on a huge 22,516 sq. ft. lot zoned (Q) LAR3-1-0-HPOZ. Buyer to investigate the possibility of development opportunity.

Last Agent to Sell the Property

Matthew Kanner

Keller Williams Realty Los Feliz License #01349203 Listed on: 04/21/2015

Keller Williams Realty Los Feliz

Last Buyer's Agent

Matthew Kanner

Keller Williams Realty Los Feliz License #01349203 Listed on: 04/21/2015

Keller Williams Realty Los Feliz

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $37,142

Year Built

  • Built in 1922

Lot Details

  • 0.52

Interior Spaces

  • 9,882 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 6 Bathrooms

Parking

  • 16 Parking Spaces
  • Auto Driveway Gate

Additional Features

  • 0.52 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Buildings
  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 5054-012-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$37,142

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 9882
  • Stories: 1
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 212.51

Exterior Features

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

Garage/Parking

  • Parking Garage: Driveway Gate, Gated
  • Total Parking: 16

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 116914
  • Assessed Land Value: 265716
  • Assessor Parcel Number: 5054-012-013
  • Geocode Override: No
  • Lot Size Area: 22516

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.72
  • Number Of Units: 16
  • Type Of Units: 1+1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2019
Sold by
L A Urban Partners 1583 29Th Street Llc
Bought by
1583 W 29Th Street Partners Llc
Current Estimated Value
$3,706,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Outstanding Balance
$2,473,426
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 21, 2015
Closed on
Jun 22, 2015
Sold by
Weiss Investment Properties Lp
Bought by
L A Urban Partners 1538 29Th Street L
Seller's Agent
Matthew Kanner
Keller Williams Realty Los Feliz
Buyer's Agent
Matthew Kanner
Keller Williams Realty Los Feliz
List Price
$2,100,000
Sold Price
$2,000,000
Premium/Discount to List
-$100,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
3.98%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 7, 2009
Sold by
Weiss Family Properties Llc
Bought by
Weiss Family Properties Llc

Purchase Details

Closed on
Mar 3, 2009
Sold by
Lam Donna F and Handy Rochelle M
Bought by
Weiss Properties Llc

Purchase Details

Closed on
Feb 28, 2009
Sold by
Weiss Henry and Weiss Anita
Bought by
Lam Donna F and Handy Rochelle M

Purchase Details

Closed on
Jun 10, 2008
Sold by
Weiss Henry and Weiss Anita
Bought by
Weiss Henry and Weiss Anita
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
1583 W 29Th Street Partners Llc $2,700,000 Chicago Title Company
L A Urban Partners 1538 29Th Street L $2,000,000 North American Title Co Inc
Weiss Investmet Properties Lp -- North American Title Company
Weiss Investment Properties Lp -- North American Title Company
Handy Rochelle M -- North American Title Company
Weiss Family Properties Llc -- None Available
Weiss Properties Llc -- None Available
Lam Donna F $625,500 None Available
Weiss Henry -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1583 W 29Th Street Partners Llc $2,800,000
Previous Owner L A Urban Partners 1538 29Th Street L $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2015 07/17/15 Sold $2,000,000 -4.8% $202 / Sq Ft
05/13/2015 05/13/15 Pending -- -- --
04/21/2015 04/21/15 For Sale $2,100,000 -- $213 / 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 $37,142 $2,952,841 $2,187,291 $765,550
2024 $37,142 $2,894,943 $2,144,403 $750,540
2023 $36,456 $2,838,180 $2,102,356 $735,824
2022 $34,832 $2,782,531 $2,061,134 $721,397
2021 $34,384 $2,727,972 $2,020,720 $707,252
2019 $27,239 $2,135,891 $1,485,691 $650,200
2018 $26,743 $2,094,276 $1,456,560 $637,716
2016 $25,536 $2,000,000 $1,400,000 $600,000
2015 $6,154 $390,274 $271,025 $119,249
2014 -- $382,630 $265,716 $116,914
Source: Public Records

Agents Affiliated with this Home

  • Matthew Kanner

    Seller's Agent in 2015

    Matthew Kanner

    Keller Williams Realty Los Feliz

    (323) 300-1000

    17 Total Sales

    Matthew Kanner
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Map

Source: The MLS

MLS Number: 15-897147

The MLS

APN: 5054-012-013

California Los Angeles County Los Angeles 90007 Adams-Normandie

1583 W 29th St, Los Angeles, CA

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