$810,000
SOLD MAR 15, 2022
4 Beds
4.5 Baths
1,048 Sq Ft
3,959 Sq Ft Lot

Recently Sold

$773 Per Sq Ft

4% Below List Price

190 Days on Market

Highlights

  • Ground Level Unit
  • 2-minute walk to Expo/Western
  • Laundry Room
  • Stone Countertops
  • Bathtub with Shower
  • Bungalow

About This Home

As of March 2022

Great investment income property with a good CAP rate. There are 3 units, 2 beds/2 baths, 1 bed/1 bath and 1 bed+ Office/1.5 baths. Excellent location. Located minutes form 10 fwy, several blocks from Starbucks, about one mile from USC and a few minutes from the redeveloped Coliseum and new $1 billion George Lucas museum. This property is walking distance to the Metro station bound for Santa Monica or LA Downtown. The new Crenshaw transit line that goes to the LA airport will be close by. Completed remodeling 2 years ago with new floors, new kitchens, new plumbing, new electrical, new appliances, new paint and new washer & dryer at separate laundry room. On the title, it is 1,048 sf, but in reality it is about 1,774 sf. 3rd unit (1 bed+ Office /1.5baths) is owner occupied and will be vacant on closing of Escrow. Tenants are paying their rent well, even during the pandemic.

Last Agent to Sell the Property

KATE AHN

Dream Realty & Investments Inc License #01875817 Listed on: 08/02/2021

Dream Realty & Investments Inc

Co-Listed By

Kyu Cha

Dream Realty & Investments Inc License #02042608

Last Buyer's Agent

Tyler Keckeisen

Realty ONE Group United License #02006412

Realty ONE Group United

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,329

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 3,959 Sq Ft Lot
  • North Facing Home
  • Gated Home

Home Design

  • Bungalow
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,048 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Gas Oven
  • Gas and Electric Range
  • Range Hood
  • Freezer
  • Stone Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Remodeled Bathroom
  • 4.5 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 2 Parking Spaces
  • Driveway

Location

  • Ground Level Unit

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Central Water Heater

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, electricity, gas
  • Assessor Parcel Number 5041-035-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,329

Year Built

Built in 1924 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: Ground Level
  • Street Number Display: Yes
  • Building Permit: No
  • Living Area: 1048
  • Lot Acreage: 0.0909
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Drywall Walls
  • Flooring: Laminate, Tile
  • Appliances: Gas/Electric Range, Range Hood, Oven-Gas
  • Bedrooms: 4
  • Common Walls: Attached
  • Bathroom Features: Tile, Shower and Tub, Remodeled
  • Kitchen Features: Counter Top, Remodeled, Stone Counters
  • Laundry: Laundry Area
  • Total Bathrooms: 4.50
  • Equipment: Ceiling Fan, Dryer, Freezer, Garbage Disposal, Hood Fan, Gas Dryer Hookup, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 801.53

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Other Structures: Accessory Bldgs
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway - Concrete
  • Total Parking: 2

Utilities

  • Water Heater: Gas, Central Water Heater
  • Cooling: Air Conditioning, Ceiling Fan
  • Electric Expense: 3000.00
  • Heating: Wall Gas
  • Security: Smoke Detector, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated
  • Water: Meter on Property
  • Water Expense: 3000.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 480.00
  • Insurance Expense: 1400.00
  • Maintenance Expense: 600.00

Lot Info

  • Assessor Parcel Number: 5041-035-017
  • Lot Description: Fenced
  • Lot Size Area: 3959

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Water, Electricity, Gas
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.29
  • Number Of Units: 2
  • Total Annual Expense: 15020
  • Type Of Units: Attached
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 6540.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2021
Closed on
Mar 8, 2022
Sold by
Hong Cho Seung and Won Jung
Bought by
Parker Levi
Seller's Agent
KATE AHN
Dream Realty & Investments Inc
Buyer's Agent
Tyler Keckeisen
Realty ONE Group United
List Price
$840,000
Sold Price
$810,000
Premium/Discount to List
-$30,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.86%
Original Mortgage
$810,000
Outstanding Balance
$759,503
Interest Rate
3.92%
Mortgage Type
VA
Estimated Equity
$74,218

Purchase Details

Listed on
Jun 28, 2019
Closed on
Aug 6, 2019
Sold by
Gabriel Constantino
Bought by
Cho Seung Hong and Cho Jung Won
Seller's Agent
Carlos Castaneda
Townsquare Real Estate Partners Inc.
Buyer's Agent
Kyu Cha
Dream Realty & Investments Inc
List Price
$498,000
Sold Price
$527,500
Premium/Discount to List
$29,500
5.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.09%
Original Mortgage
$416,700
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2016
Sold by
Montejo Salvador Chinchilla
Bought by
Gabriel Constantino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,392
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 28, 2002
Sold by
Linares Marta Dinora
Bought by
Montejo Salvador Chinchilla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,800
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Grant Deed $810,000 Provident Title
Grant Deed $527,500 Old Republic Title Company
Grant Deed $420,000 Provident Title Company
Interfamily Deed Transfer -- American Title Co
Interfamily Deed Transfer -- American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $810,000 VA
Previous Owner $416,700 New Conventional
Previous Owner $412,392 FHA
Previous Owner $170,000 Credit Line Revolving
Previous Owner $148,000 Credit Line Revolving
Previous Owner $75,000 Credit Line Revolving
Previous Owner $127,000 Unknown
Previous Owner $122,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 Pending -- -- --
05/30/2025 05/30/25 For Sale $843,000 +4.1% $463 / Sq Ft
03/15/2022 03/15/22 Sold $810,000 -3.6% $773 / Sq Ft
02/08/2022 02/08/22 Pending -- -- --
01/20/2022 01/20/22 Price Changed $840,000 0.0% $802 / Sq Ft
01/20/2022 01/20/22 For Sale $840,000 +3.7% $802 / Sq Ft
01/07/2022 01/07/22 Off Market $810,000 -- --
01/07/2022 01/07/22 For Sale $799,000 -1.4% $762 / Sq Ft
12/08/2021 12/08/21 Off Market $810,000 -- --
08/25/2021 08/25/21 Price Changed $799,000 -6.0% $762 / Sq Ft
08/11/2021 08/11/21 For Sale $850,000 +4.9% $811 / Sq Ft
08/09/2021 08/09/21 Off Market $810,000 -- --
08/02/2021 08/02/21 For Sale $850,000 0.0% $811 / Sq Ft
04/10/2020 04/10/20 Rented $2,600 +4.0% --
04/02/2020 04/02/20 Price Changed $2,500 -3.8% $2 / Sq Ft
03/19/2020 03/19/20 For Rent $2,600 0.0% --
08/16/2019 08/16/19 Sold $527,500 +5.9% $503 / Sq Ft
07/02/2019 07/02/19 Pending -- -- --
06/28/2019 06/28/19 For Sale $498,000 +18.6% $475 / Sq Ft
12/08/2016 12/08/16 Sold $420,000 +0.2% $401 / Sq Ft
09/22/2016 09/22/16 Pending -- -- --
08/17/2016 08/17/16 For Sale $419,000 -- $400 / 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 $10,329 $859,577 $636,724 $222,853
2024 $10,329 $842,724 $624,240 $218,484
2023 $10,132 $826,200 $612,000 $214,200
2022 $6,558 $543,623 $389,038 $154,585
2021 $6,474 $532,964 $381,410 $151,554
2019 $5,341 $436,968 $260,100 $176,868
2018 $5,289 $428,400 $255,000 $173,400
2016 $2,325 $189,538 $125,367 $64,171
2015 $2,292 $186,692 $123,484 $63,208
2014 $2,312 $183,036 $121,066 $61,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-767634

The MLS

APN: 5041-035-017