NOT LISTED FOR SALE

1706 S Vermont Ave Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $1,264,000 - $1,677,000

4 Beds
4 Baths
2,100 Sq Ft
$745/Sq Ft Est. Value

Last Sold May 26, 2022

Last sale price $1,580,000 $752 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $10,220/month

7 Days on Market

About This Home

As of May 2022

Commercial Zoning-LAC2, Development Opportunity! 4 Separated apartment one lot. Property will be all vacate at the close of escrow.

Last Agent to Sell the Property

Andrew Lim

Max Mega Group License #02084757 Listed on: 03/17/2022

Last Buyer's Agent

Karen Pak

Dream Realty & Investments Inc License #01477885

Dream Realty & Investments Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,348

Year Built

  • Built in 1915

Lot Details

  • 7,213 Sq Ft Lot
  • Lot Dimensions are 65x110

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Gated Parking

Community Details

  • 4 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5056-023-030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,348

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2100
  • Lot Acreage: 0.1656
  • Lot Dimensions: 65x110
  • Stories: 1
  • Year Built: 1915
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 752.38

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 8

Lot Info

  • Assessed Improvement Percent: 10.71
  • Assessed Improvement Value: 113618
  • Assessed Land Percent: 89.29
  • Assessed Land Value: 946880
  • Total Assessed Value: 1060498
  • Assessor Parcel Number: 5056-023-030
  • Lot Size Area: 7213

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: 4
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2023
Sold by
American Pro Properties Llc
Bought by
Song Phillip
Current Estimated Value
$1,564,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,165,000
Outstanding Balance
$1,139,497
Interest Rate
7.25%
Mortgage Type
Construction
Estimated Equity
$427,263

Purchase Details

Closed on
Jun 28, 2011
Sold by
Park Mi Young
Bought by
Shin Beum Sik

Purchase Details

Closed on
Mar 21, 2006
Sold by
Kim Jane J
Bought by
Shin Beum Sik and Park Mi Young

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2003
Sold by
Kim Jane J
Bought by
Kim Jane J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 2001
Sold by
Horrilleno Ellery
Bought by
Kim Jane Jin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,400
Interest Rate
7.21%

Purchase Details

Closed on
Nov 14, 1996
Sold by
Horrilleno Miel
Bought by
Horrilleno Ellery
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
Song Phillip -- Accommodation/Courtesy Recordi
Shin Beum Sik -- None Available
Shin Beum Sik $840,000 Chicago Title Co
Kim Jane J -- Stewart Title
Kim Jane Jin $214,000 Chicago Title
Horrilleno Ellery -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Song Phillip $1,165,000
Previous Owner Shin Beum Sik $650,000
Previous Owner Shin Beum Sik $106,000
Previous Owner Kim Jane J $170,000
Previous Owner Kim Jane J $412,500
Previous Owner Kim Jane J $322,700
Previous Owner Kim Jane Jin $45,000
Previous Owner Kim Jane Jin $55,000
Previous Owner Kim Jane Jin $128,400
Closed Kim Jane J $97,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2022 05/26/22 Sold $1,580,000 0.0% $752 / Sq Ft
03/24/2022 03/24/22 Pending -- -- --
03/17/2022 03/17/22 For Sale $1,580,000 -- $752 / 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 $20,348 $1,676,708 $1,273,449 $403,259
2024 $20,348 $1,643,832 $1,248,480 $395,352
2023 $19,960 $1,611,600 $1,224,000 $387,600
2022 $13,592 $1,081,707 $965,817 $115,890
2021 $13,429 $1,060,498 $946,880 $113,618
2019 $13,047 $1,029,045 $918,796 $110,249
2018 $9,859 $756,000 $675,000 $81,000
2016 $7,295 $550,000 $375,600 $174,400
2015 $7,296 $550,000 $375,600 $174,400
2014 $5,769 $410,000 $280,000 $130,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Andrew Lim

    RE/MAX

    Section Image

  • K

    Buyer's Agent in 2022

    Karen Pak

    Dream Realty & Investments Inc

    (213) 388-2988

    4 in this area

    9 Total Sales

    Karen Pak
    Section Image
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Map

Source: The MLS

MLS Number: 22-136553

The MLS

APN: 5056-023-030

California Los Angeles County Los Angeles 90006 Pico-Union

1706 S Vermont Ave, Los Angeles, CA

This home is located at 1706 S Vermont Ave, Los Angeles, CA 90006 since 17 March 2022 and is currently estimated at $1,564,290, approximately $744 per square foot. This property was built in 1915. 1706 S Vermont Ave is a home located in Los Angeles County with nearby schools including Magnolia Avenue Elementary School, Berendo Middle, and West Adams Preparatory High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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