NOT LISTED FOR SALE

1638 7th Ave Los Angeles, CA 90019

Arlington Heights Neighborhood

Estimated Value: $1,038,711 - $1,349,000

7 Beds
5 Baths
3,726 Sq Ft
$309/Sq Ft Est. Value

Last Sold December 05, 2016

Last sale price $655,000 $176 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $6,903/month

About This Home

As of December 2016

9/12/2016 Seller must do a 1031 exchange, great opportunity for you. Major price reduction for fast sale. Multi-family investment property located in Mid City area minutes from Korea Town, Downtown, and Hancock Park. This building was plumbed with copper a few years back. Assessor records show front building at 2,951 sqft and rear building 775 sqft. This is a rent controlled area. Great value add opportunity (rents are low for the area). Renovate and obtain higher rents. Priced to sell fast.

Last Agent to Sell the Property

Jeff Brandolino

Brandolino Group License #01259914 Listed on: 07/27/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,489

Year Built

  • Built in 1919

Lot Details

  • 5,460 Sq Ft Lot
  • No Common Walls

Parking

  • 1 Car Garage

Home Design

  • 3,726 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 9
  • Tax Tract Number 9439
  • Assessor Parcel Number 5072016022

Community Details

Overview

  • 2 Buildings
  • 78 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,686
  • Water Sewer Expense $2,643
  • New Taxes Expense $5,935
  • Gross Income $4,390
  • Net Operating Income $33,423

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,489

Year Built

Built in 1919

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2643.00
  • Property Type: Residential Income
  • Parcel Number: 5072016022
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 175.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 5460.00
  • Price Per Lot Square Foot: 122.53

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 4390.00
  • Gross Scheduled Income: 52690.00
  • Insurance Expense: 1686.00
  • Net Operating Income: 33423.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 78
  • Operating Expense: 14877.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 5935.00
  • Tax Lot: 9
  • Tax Tract Number: 09439

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2017
Sold by
Han Daniel Eui Hyun and Daniel Han Life Estate Trust
Bought by
Han Daniel
Current Estimated Value
$1,151,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Outstanding Balance
$353,779
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$797,899

Purchase Details

Closed on
Sep 26, 2016
Sold by
Scv Property Holdings Llc
Bought by
Han Daniel Eui Hyun and Daniel Han Life Estate Trust

Purchase Details

Closed on
Sep 25, 2009
Sold by
Tbb Valley Investment Llc
Bought by
Scv Property Holdings Llc

Purchase Details

Closed on
Apr 17, 2009
Sold by
Ramirez Concepcion and Godinez Fidel
Bought by
Tbb Valley Investment Llc
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
Han Daniel -- None Available
Han Daniel Eui Hyun $655,000 Orange Coast Title Co Socal
Scv Property Holdings Llc -- None Available
Tbb Valley Investment Llc $270,000 Cr Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Han Daniel $424,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2016 12/05/16 Sold $655,000 -11.4% $176 / Sq Ft
09/22/2016 09/22/16 Pending -- -- --
07/27/2016 07/27/16 For Sale $739,000 -- $198 / 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 $9,489 $760,181 $580,292 $179,889
2024 $9,489 $745,276 $568,914 $176,362
2023 $9,315 $730,663 $557,759 $172,904
2022 $8,897 $716,337 $546,823 $169,514
2021 $8,771 $702,292 $536,101 $166,191
2020 $8,855 $695,291 $530,604 $164,687
2019 $8,516 $681,662 $520,200 $161,462
2018 $8,403 $668,300 $510,000 $158,300
2016 $5,997 $473,198 $326,345 $146,853
2015 $5,913 $466,091 $321,443 $144,648
2014 $5,958 $456,962 $315,147 $141,815
Source: Public Records

Agents Affiliated with this Home

  • Jeff Brandolino

    Seller's Agent in 2016

    Jeff Brandolino

    Brandolino Group

    (661) 510-9770

    200 Total Sales

    Jeff Brandolino
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16163953

California Regional Multiple Listing Service (CRMLS)

APN: 5072-016-022

California Los Angeles County Los Angeles 90019 Arlington Heights

1638 7th Ave, Los Angeles, CA

This home is located at 1638 7th Ave, Los Angeles, CA 90019 since 27 July 2016 and is currently estimated at $1,151,678, approximately $309 per square foot. This property was built in 1919. 1638 7th Ave is a home located in Los Angeles County with nearby schools including Arlington Heights Elementary School, Johnnie L. Cochran Jr. Middle School, and Los Angeles Senior High School.

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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