NOT LISTED FOR SALE

Estimated Value: $831,000 - $872,000

5 Beds
4 Baths
2,104 Sq Ft
$403/Sq Ft Est. Value

Last Sold January 31, 2024

Last sale price $800,000 $380 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,228/month

277 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Wall Furnace
  • Private Yard
  • Paved or Partially Paved Lot

About This Home

As of January 2024

Investor Opportunity! Huge price improvement. Four-unit opportunity in the highly desirable area of West Adams/Jefferson Park. Units consist of one 2+1 and 3 1+1. Owner's unit will be delivered vacant. Long-term tenants in place and current on rents. Onsite and Offsite parking available. Close to USC, DTLA, public transportation, restaurants, and more.

Last Agent to Sell the Property

Nadia Mercado

Excellence RE Real Estate License #02008924 Listed on: 03/16/2023

Last Buyer's Agent

Marisela Guillen

HOME VIEW REALTY License #01203446

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,721

Year Built

  • Built in 1903

Lot Details

  • 6,257 Sq Ft Lot
  • 1 Common Wall
  • Paved or Partially Paved Lot
  • Private Yard
  • Lawn

Home Design

  • Quadruplex

Interior Spaces

  • 2,104 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • On-Site Parking
  • Off-Site Parking

Additional Features

  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 5058028003

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • Water Sewer Expense $2,400
  • New Taxes Expense $10,375
  • Operating Expense $12,775
  • Gross Income $49,872
  • Net Operating Income $37,097

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,721

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Price Per Unit: 200000
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LARD2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5058028003
  • Year Built: 1903
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 380.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Site, On Site

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Near Public Transit, Paved, Yard
  • Lot Size Sq Ft: 6257.00
  • Lot Size Acres: 0.1436

Multi Family

  • Gross Income: 49872.00
  • Gross Scheduled Income: 49872.00
  • Lot Size Area: 6257.0000 Square Feet
  • Net Operating Income: 37097.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 12775.00
  • Rent Control: Yes
  • Total Expenses: 12775.00

Tax Info

  • New Taxes Expense: 10375.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2023
Closed on
Jan 26, 2024
Sold by
Corona Rodolfo A
Bought by
Hernandez Angel Eduardo and Hernandez Mario Alberto
Seller's Agent
Nadia Mercado
Excellence RE Real Estate
Buyer's Agent
Marisela Guillen
HOME VIEW REALTY
List Price
$975,000
Sold Price
$800,000
Premium/Discount to List
-$175,000
-17.95%
Total Days on Market
277
Views
188
Current Estimated Value
$848,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,174
Avg. Annual Appreciation
4.39%
Original Mortgage
$785,510
Outstanding Balance
$775,423
Interest Rate
6.61%
Mortgage Type
FHA
Estimated Equity
$72,751

Purchase Details

Listed on
Oct 26, 2018
Closed on
Jul 30, 2019
Sold by
Corona Angeles V
Bought by
Corona Rodolfo A
Seller's Agent
D. Danielle Hoston Wrighster
D Danielle Hoston Wrighster
Buyer's Agent
Nadia Marshall
Excellence RE Real Estate
List Price
$725,000
Sold Price
$690,000
Premium/Discount to List
-$35,000
-4.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.36%
Original Mortgage
$517,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 26, 2018
Closed on
Jul 10, 2019
Sold by
Fernadale Sfla1 Llc
Bought by
Corona Rodolfo A
Seller's Agent
D. Danielle Hoston Wrighster
D Danielle Hoston Wrighster
Buyer's Agent
Nadia Marshall
Excellence RE Real Estate
List Price
$725,000
Sold Price
$690,000
Premium/Discount to List
-$35,000
-4.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2018
Sold by
Ellmore Curtis
Bought by
Ferndale Sfla1 Llc

Purchase Details

Listed on
Jun 29, 2018
Closed on
Jul 3, 2018
Sold by
Shaw Robert
Bought by
Ellmore Curtis
Seller's Agent
Ken Ishiki
Lyon Stahl Investment Real Estate
Buyer's Agent
D. Danielle Hoston Wrighster
D Danielle Hoston Wrighster
List Price
$599,000
Sold Price
$650,000
Premium/Discount to List
$51,000
8.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.94%
Original Mortgage
$412,500
Interest Rate
4.6%
Mortgage Type
Construction
Source: Public Records

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Range of Values:

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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
Hernandez Angel Eduardo $800,000 Pacific Coast Title
Corona Rodolfo A -- Lawyers Title
Corona Rodolfo A $690,000 Lawyers Title
Ferndale Sfla1 Llc -- None Available
Ellmore Curtis $550,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Angel Eduardo $785,510
Previous Owner Corona Rodolfo A $600,000
Previous Owner Corona Rodolfo A $517,500
Previous Owner Ellmore Curtis $412,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $800,000 0.0% $380 / Sq Ft
12/18/2023 12/18/23 Pending -- -- --
11/18/2023 11/18/23 Price Changed $800,000 -3.6% $380 / Sq Ft
10/05/2023 10/05/23 Price Changed $830,000 -5.1% $394 / Sq Ft
09/13/2023 09/13/23 Price Changed $875,000 -6.8% $416 / Sq Ft
06/08/2023 06/08/23 Price Changed $939,000 -3.7% $446 / Sq Ft
03/16/2023 03/16/23 For Sale $975,000 +41.3% $463 / Sq Ft
08/15/2019 08/15/19 Sold $690,000 -1.3% $328 / Sq Ft
07/04/2019 07/04/19 Pending -- -- --
03/27/2019 03/27/19 Price Changed $699,000 -3.6% $332 / Sq Ft
03/19/2019 03/19/19 Price Changed $725,000 +3.7% $345 / Sq Ft
03/07/2019 03/07/19 Price Changed $699,000 -3.6% $332 / Sq Ft
10/26/2018 10/26/18 For Sale $725,000 +11.5% $345 / Sq Ft
07/25/2018 07/25/18 Sold $650,000 +8.5% $309 / Sq Ft
07/03/2018 07/03/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $599,000 -- $285 / 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
2024 $8,721 $687,481 $412,488 $274,993
2023 $8,560 $674,001 $404,400 $269,601
2022 $8,177 $660,786 $396,471 $264,315
2021 $8,070 $647,831 $388,698 $259,133
2020 $7,186 $561,000 $336,600 $224,400
2019 $6,912 $550,000 $330,000 $220,000
2018 $762 $36,859 $22,381 $14,478
2016 $712 $35,430 $21,513 $13,917
2015 $706 $34,898 $21,190 $13,708
2014 $733 $34,215 $20,775 $13,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23044123

California Regional Multiple Listing Service (CRMLS)

APN: 5058-028-003