NOT LISTED FOR SALE

Estimated Value: $1,012,000 - $1,161,733

3 Beds
1 Bath
1,409 Sq Ft
$770/Sq Ft Est. Value

Last Sold June 14, 2022

Last sale price $965,000 $685 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,945/month

28 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • No HOA
  • A-Frame Home
  • Granite Countertops
  • Balcony

About This Home

As of June 2022

Located in Downtown LA near the Staples Center, LA Live Convention Center, shopping centers, restaurants, and Koreatown, this property is a great investment opportunity. There is a large lot (6,280sf) with 3 covered parking spaces which has the potential to be converted into an ADU as an income property. There is a spacious driveway that can fit a minimum of 4 cars. At both the front and back doors, there are cozy patios. The first floor has an open floor living and dining room, kitchen with a beautiful granite island, wooden floors, 2 bedrooms, and 2 bathrooms. The second floor has a huge family room and 1 bedroom. This property has a large basement which is extremely rare to find in LA homes. The home is upgraded with a tankless water heater and copper plumbing. This property currently has a LA city code violation, but is expected to be cleared before COE. HPOZ area.

Last Agent to Sell the Property

Mi Kyung Suh

Leeway Funding Inc License #02042236 Listed on: 02/01/2022

Last Buyer's Agent

Daniel Garcia

Daniel Garcia License #01732375

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,419

Year Built

  • Built in 1900

Lot Details

  • 6,280 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Back and Front Yard
  • Property is zoned LARD1.5

Home Design

  • A-Frame Home

Interior Spaces

  • 1,409 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Family Room on Second Floor
  • Dining Area
  • Wood Flooring
  • Laundry Room
  • Basement

Kitchen

  • Breakfast Bar
  • Oven
  • Range
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 4 Open Parking Spaces
  • 7 Parking Spaces
  • Covered Parking
  • Driveway
  • Automatic Gate

Outdoor Features

  • Balcony
  • Front Porch

Utilities

  • Tankless Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5137-028-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,419

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: A-Frame
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 1409
  • Lot Acreage: 0.1442
  • Lot Dimensions: 50x125
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 1
  • Year Built: 1900
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Basement, Open Floor Plan
  • Flooring: Hardwood
  • Appliances: Oven, Range
  • Bedrooms: 3
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Breakfast Counter / Bar, Dining Area
  • Kitchen Features: Granite Counters, Island
  • Laundry: Inside
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Range/Oven
  • Price Per S Q F T: 635.20

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Patio: Porch - Front, Porch - Rear
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 4
  • Covered Parking: 3
  • Parking Garage: Covered Parking, Driveway
  • Total Parking: 7

Utilities

  • Water Heater: Tankless
  • Security: Automatic Gate

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5137-028-005
  • Lot Description: Back Yard, Front Yard, Automatic Gate
  • Lot Size Area: 6280

Rental Info

  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2016
Sold by
Park Sae Yun
Bought by
Park Sae Yun and Jo Hong Sig
Current Estimated Value
$1,084,683

Purchase Details

Closed on
Jun 6, 2007
Sold by
Platinum Estates Investment Inc
Bought by
Park Sae Yun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,800
Interest Rate
6.21%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 5, 2007
Sold by
Amorim Lisa
Bought by
Platinum Estates Investment Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,800
Interest Rate
6.21%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 28, 2006
Sold by
Rivera Mercedes G
Bought by
Amorim Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,950
Interest Rate
9.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 2006
Sold by
Rivera Fransico
Bought by
Rivera Mercedes G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Interest Rate
7.3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 3, 1998
Sold by
Stella Elizabeth
Bought by
Rivera Mercedes G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
10.25%
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
Park Sae Yun -- Accommodation
Park Sae Yun $522,000 Investors Title Company
Platinum Estates Investment Inc -- Orange Coast Title
Amorim Lisa $500,909 Landsafe Title
Rivera Mercedes G -- Accommodation
Rivera Mercedes G $75,000 Stewart Title
Rivera Mercedes G -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Sae Yun $200,000
Open Park Sae Yun $380,000
Closed Park Sae Yun $52,800
Closed Platinum Estates Investment Inc $417,000
Previous Owner Amorim Lisa $475,950
Previous Owner Rivera Mercedes G $338,000
Previous Owner Rivera Mercedes G $63,000
Previous Owner Rivera Mercedes G $82,950
Previous Owner Rivera Mercedes G $80,000
Previous Owner Rivera Mercedes G $56,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2022 06/14/22 Sold $965,000 +7.8% $685 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $895,000 -- $635 / 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 $12,419 $1,024,063 $819,251 $204,812
2024 $12,419 $1,003,985 $803,188 $200,797
2023 $12,183 $984,300 $787,440 $196,860
2022 $7,468 $608,381 $447,712 $160,669
2021 $7,373 $596,453 $438,934 $157,519
2019 $7,157 $578,764 $425,916 $152,848
2018 $7,005 $567,416 $417,565 $149,851
2017 $6,855 $556,291 $409,378 $146,913
2016 $6,836 $564,000 $431,600 $132,400
2015 $5,013 $411,000 $314,500 $96,500
2014 $5,134 $411,000 $314,500 $96,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-118691

The MLS

APN: 5137-028-005