NOT LISTED FOR SALE

1644 S Wilton Place Los Angeles, CA 90019

Arlington Heights Neighborhood

Estimated Value: $1,209,719 - $1,543,000

12 Beds
7 Baths
5,847 Sq Ft
$235/Sq Ft Est. Value

Last Sold July 31, 2013

Last sale price $575,000 $98 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $8,281/month

About This Home

As of July 2013

Front building has 4 units, One unit is unpermitted, rear building has 3 units, One unit of the bldg unpermitted. Total of 7 units with tenants' occupation. Front was built in 1905 & rear in 1983. To be sold "as is" basis and buyer to verify all permits and regulations related to this property.
Short Sale Listing, subject to lender's approval. Due to condition of property and other issues of violations with reagrds to LAHD purchase loan for this purchase may not be applicable and buyer's contribution for any additional amount outside of lender's approval maybe needed for closing.

Last Agent to Sell the Property

Jin Choi

First Choice Realty License #01414382 Listed on: 07/17/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,553

Year Built

  • Built in 1983

Lot Details

  • 8,886 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 5,847 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 9439
  • Assessor Parcel Number 5073017009

Community Details

Overview

  • 2 Buildings
  • 7 Units

Building Details

  • 7 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Maintenance Expense $2,000
  • New Taxes Expense $7,000
  • Gross Income $6,875
  • Net Operating Income $76,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,553

Year Built

Built in 1983

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5073017009
  • Year Built: 1983
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 98.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8886.00
  • Lot Size Acres: 0.2040

Multi Family

  • Gross Income: 6875.00
  • Gross Scheduled Income: 82500.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 8886.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 76500.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 6000.00
  • Rent Control: Yes
  • Total Actual Rent: 6310.00

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Lot: 20
  • Tax Tract Number: 09439

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2013
Closed on
Jul 29, 2013
Sold by
Chung Jay Nam
Bought by
Kang Hwa C
Seller's Agent
Jin Choi
First Choice Realty
List Price
$649,000
Sold Price
$575,000
Premium/Discount to List
-$74,000
-11.4%
Current Estimated Value
$1,376,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$801,360
Avg. Annual Appreciation
7.47%

Purchase Details

Listed on
Jul 17, 2013
Closed on
Jul 26, 2013
Sold by
Kang David S
Bought by
Kang Hwa C
Seller's Agent
Jin Choi
First Choice Realty
List Price
$649,000
Sold Price
$575,000
Premium/Discount to List
-$74,000
-11.4%

Purchase Details

Listed on
Jul 17, 2013
Closed on
Jul 22, 2013
Sold by
Lopez Norman Suzana
Bought by
Lopez Victor
Seller's Agent
Jin Choi
First Choice Realty
List Price
$649,000
Sold Price
$575,000
Premium/Discount to List
-$74,000
-11.4%

Purchase Details

Listed on
Jul 17, 2013
Closed on
Jul 19, 2013
Sold by
Lopez Victor
Bought by
Chung Jay Nam
Seller's Agent
Jin Choi
First Choice Realty
List Price
$649,000
Sold Price
$575,000
Premium/Discount to List
-$74,000
-11.4%

Purchase Details

Closed on
Sep 18, 2006
Sold by
Chung Jay Nam
Bought by
Chung Jay Nam and Lopez Victor

Purchase Details

Closed on
Oct 11, 2005
Sold by
Meng Lopez Victor R and Meng Chor Teav
Bought by
Chung Jay Nam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
6.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2005
Sold by
Horton Michael and Estate Of Cora Horton
Bought by
Meng Lopez Victor R and Meng Chor Teav

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Interest Rate
5.53%
Mortgage Type
Commercial
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 Hwa C $575,005 None Available
Kang Hwa C -- None Available
Lopez Victor -- None Available
Chung Jay Nam -- None Available
Chung Jay Nam -- Accommodation
Chung Jay Nam $990,000 Fatcola
Meng Lopez Victor R -- First American Title Company
Meng Lopez Victor R $700,000 Fidelity National Title
Lopez Victor R -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meng Lopez Victor R $247,500
Previous Owner Chung Jay Nam $643,500
Previous Owner Meng Lopez Victor R $635,000
Previous Owner Horton Cora $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2013 07/31/13 Sold $575,000 -11.4% $98 / Sq Ft
07/17/2013 07/17/13 Pending -- -- --
07/17/2013 07/17/13 For Sale $649,000 -- $111 / 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 $9,553 $704,858 $490,338 $214,520
2024 $9,553 $691,038 $480,724 $210,314
2023 $9,393 $677,490 $471,299 $206,191
2022 $9,002 $664,207 $462,058 $202,149
2021 $8,866 $651,185 $452,999 $198,186
2019 $8,628 $633,472 $439,564 $193,908
2018 $8,430 $621,084 $430,946 $190,138
2016 $7,984 $595,431 $414,213 $181,218
2015 $7,879 $586,488 $407,992 $178,496
2014 $7,950 $575,000 $400,000 $175,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jin Choi

    First Choice Realty

    (661) 755-8065

    7 Total Sales

    Jin Choi
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR12153727

California Regional Multiple Listing Service (CRMLS)

APN: 5073-017-009

California Los Angeles County Los Angeles 90004 Arlington Heights

1644 S Wilton Place, Los Angeles, CA

This home is located at 1644 S Wilton Place, Los Angeles, CA 90019 since 17 July 2013 and is currently estimated at $1,376,360, approximately $235 per square foot. This property was built in 1983. 1644 S Wilton Place is a home located in Los Angeles County with nearby schools including Carson-Gore Academy Of Enviornmental Studies, Twenty-Fourth Street Elementary School, and Pio Pico Middle 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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