1721 4th Ave Los Angeles, CA 90019
Arlington Heights Neighborhood
4
Beds
4
Baths
2,016
Sq Ft
7,001
Sq Ft Lot
Highlights
- All Bedrooms Downstairs
- Cooling System Mounted To A Wall/Window
- Rectangular Lot
- No HOA
About This Home
As of September 2023We are pleased to present 1721 4th Avenue, a four-unit property in the Arlington Heights neighbourhood of Central Los Angeles. This well-maintained asset includes four one-bedroom, one-bathroom units. Three units were fully upgraded in 2018, with laminate flooring, countertops, renovated kitchen appliances, cabinetry and bathroom upgrades. The property has gated access and four detached car garage units.
The strategic location is only minutes from Downtown Los Angeles and near USC, Koreatown, Beverly Center, and the Grove.
Last Agent to Sell the Property
Jose Serrano Aguirre
Engel & Völkers La Canada License #01983970 Listed on: 03/01/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,811
Year Built
- Built in 1925
Lot Details
- 7,001 Sq Ft Lot
- 1 Common Wall
- Rectangular Lot
Parking
- 4 Car Garage
Home Design
- 2,016 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 4 Bedrooms
- All Bedrooms Down
- 4 Bathrooms
Additional Features
- Urban Location
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tenant pays for cable TV, electricity, telephone, water
- Legal Lot and Block 5 / 29
- Tax Tract Number 67
- Assessor Parcel Number 5072022005
- $2,181 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,262
- Trash Expense $300
- Water Sewer Expense $2,500
- Operating Expense $17,884
- Gross Income $76,804
- Net Operating Income $72,676
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 1, 2023
Closed on
Aug 21, 2023
Sold by
Mannino Andrew
Bought by
Ortiz James William
Seller's Agent
Jose Serrano Aguirre
Engel & Völkers La Canada
Buyer's Agent
Randy Sandoval
Deluxe Realty
List Price
$1,100,000
Sold Price
$1,030,000
Premium/Discount to List
-$70,000
-6.36%
Views
187
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,139
Avg. Annual Appreciation
4.98%
Original Mortgage
$772,500
Outstanding Balance
$759,352
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$369,268
Purchase Details
Listed on
Aug 5, 2015
Closed on
Nov 25, 2015
Sold by
Egans Velma L
Bought by
Mannino Andrew
Seller's Agent
Roman Meza
Century 21 A Better Service
Buyer's Agent
Seta Chorbajian
Redfin Corporation
List Price
$600,000
Sold Price
$505,000
Premium/Discount to List
-$95,000
-15.83%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.75%
Purchase Details
Closed on
Mar 25, 2003
Sold by
Egans Claud A
Bought by
Egans Claud A
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,030,000 | Chicago Title Company | |
| Deed | -- | Chicago Title Company | |
| Grant Deed | $505,000 | Fidelity Sherman Oaks | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $772,500 | New Conventional | |
| Previous Owner | $350,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $100,000 | New Conventional | |
| Previous Owner | $225,000 | Unknown | |
| Previous Owner | $100,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2023 09/08/23 | Sold | $1,030,000 | -6.4% | $511 / Sq Ft |
| 09/07/2023 09/07/23 | Price Changed | $1,100,000 | 0.0% | $546 / Sq Ft |
| 09/07/2023 09/07/23 | For Sale | $1,100,000 | 0.0% | $546 / Sq Ft |
| 03/01/2023 03/01/23 | For Sale | $1,100,000 | +117.8% | $546 / Sq Ft |
| 01/12/2016 01/12/16 | Sold | $505,000 | -15.8% | $250 / Sq Ft |
| 12/09/2015 12/09/15 | Pending | -- | -- | -- |
| 08/05/2015 08/05/15 | For Sale | $600,000 | -- | $298 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,811 | $1,030,000 | $720,000 | $310,000 |
| 2023 | $7,349 | $574,599 | $347,036 | $227,563 |
| 2022 | $7,022 | $563,333 | $340,232 | $223,101 |
| 2021 | $6,929 | $552,288 | $333,561 | $218,727 |
| 2019 | $6,729 | $535,909 | $323,668 | $212,241 |
| 2018 | $6,553 | $525,402 | $317,322 | $208,080 |
| 2016 | $710 | $39,509 | $24,208 | $15,301 |
| 2015 | $703 | $38,917 | $23,845 | $15,072 |
| 2014 | $722 | $38,155 | $23,378 | $14,777 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2023
Jose Serrano Aguirre
Engel & Völkers La Canada
-
Randy Sandoval
R
Buyer's Agent in 2023
Randy Sandoval
Deluxe Realty
(310) 435-2452
1 in this area
28 Total Sales
-
R
Seller's Agent in 2016
Roman Meza
Century 21 A Better Service
-
S
Buyer's Agent in 2016
Seta Chorbajian
Redfin Corporation
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD23032852
APN: 5072-022-005
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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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