$755,000
SOLD OCT 18, 2017
5 Beds
3 Baths
1,888 Sq Ft
3,586 Sq Ft Lot

Recently Sold

$400 Per Sq Ft

3% Below List Price

16 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Turnkey

About This Home

As of September 2019

***Standard Sale - Must See - High Income Duplex!!! Both units remodeled in excellent area of Mid-City. Both units are very spacious. New paint inside and out. New flooring throughout. Kitchens fully remodeled with including granite countertops and under-mounted sinks. Bathrooms remodeled with all new amenities. Great area sitting on a Corner Lot! Walking distance from all types of restaurants and shopping. Get just about anywhere in L.A. in 20 minutes or less including DTLA, LAX, Hollywood, and Westside!

Last Agent to Sell the Property

Bret Lewis

Bret Lewis, Broker License #01872524 Listed on: 08/08/2017

Last Buyer's Agent

Cassandra Corum

Cassandra Corum License #01942706

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,239

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 3,586 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 1 Car Garage

Home Design

  • 1,888 Sq Ft Home
  • Turnkey

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 5071021033

Community Details

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $62,400
  • Net Operating Income $62,400

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,239

Year Built

Built in 1922 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Zoning: LARD1.5
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5071021033
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 399.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 3586.00

Multi Family

  • Gross Income: 62400.00
  • Gross Scheduled Income: 62400.00
  • Net Operating Income: 62400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2182.20
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2019
Closed on
Sep 12, 2019
Sold by
Sorunke Olasunbo
Bought by
Sonusi Opeyemi Elijah
Seller's Agent
Cassandra Corum
Cassandra Corum
Buyer's Agent
Derrick Yuvienco
AD Valorem Realty Group
List Price
$845,000
Sold Price
$855,000
Premium/Discount to List
$10,000
1.18%
Current Estimated Value
$1,142,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,280
Avg. Annual Appreciation
4.97%
Original Mortgage
$726,525
Interest Rate
3.7%

Purchase Details

Listed on
Jul 31, 2019
Closed on
Sep 6, 2019
Sold by
5K Properties Inc
Bought by
Sonusi Opeyemi Elijah
Seller's Agent
Cassandra Corum
Cassandra Corum
Buyer's Agent
Derrick Yuvienco
AD Valorem Realty Group
List Price
$845,000
Sold Price
$855,000
Premium/Discount to List
$10,000
1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,525
Interest Rate
3.7%

Purchase Details

Closed on
Feb 25, 2019
Sold by
Reese Shannon M and Pierce Kim M
Bought by
Sk Properties Inc

Purchase Details

Closed on
Dec 22, 2018
Sold by
Shannon Michael J
Bought by
Pierce Kim M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
5.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 19, 2018
Sold by
Sk Properties Inc
Bought by
Reese Shannon M and Pierce Kim M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
5.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 8, 2017
Closed on
Aug 25, 2017
Sold by
Elmoro Holdings Llc
Bought by
Sk Properties Inc
Seller's Agent
Bret Lewis
Bret Lewis, Broker
Buyer's Agent
Cassandra Corum
Cassandra Corum
List Price
$775,000
Sold Price
$755,000
Premium/Discount to List
-$20,000
-2.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%
Original Mortgage
$337,000
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2017
Sold by
Menendez Irene Virginia
Bought by
Elmoro Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
3.95%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 7, 2004
Sold by
Menendez Ana Lucia
Bought by
Menendez Irene Virginia

Purchase Details

Closed on
Dec 16, 2003
Sold by
Menendez Ana Lucia
Bought by
Menendez Ana Lucia

Purchase Details

Closed on
Mar 19, 1998
Sold by
Soto Concepcion
Bought by
Menendez Ana Lucia and Monges Jorge A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,268
Interest Rate
7%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 14, 1997
Sold by
Bankers Trust Company Of California Na
Bought by
Soto Concepcion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,800
Interest Rate
7.26%

Purchase Details

Closed on
Mar 18, 1997
Sold by
Garcia Julio C
Bought by
Bankers Trust Company Of California Na and Vendee Mtg Trust 1994-1

Purchase Details

Closed on
Sep 24, 1993
Sold by
Va
Bought by
Garcia Julio C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
6.94%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Warranty Deed -- Equity Title Company
Warranty Deed $855,000 Equity Title Los Angeles
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Lawyers Title Sd
Quit Claim Deed -- Lawyers Title Sd
Grant Deed $755,000 Stewart Title
Grant Deed $588,000 Title 365
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Commerce Title
Grant Deed $175,000 First American
Grant Deed $93,500 First American Title Co
Trustee Deed $96,498 First Southwestern Title
Deed $138,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $803,000 New Conventional
Closed $726,525 No Value Available
Previous Owner $348,000 Adjustable Rate Mortgage/ARM
Previous Owner $337,000 Purchase Money Mortgage
Previous Owner $147,000 Unknown
Previous Owner $441,000 Purchase Money Mortgage
Previous Owner $390,000 Stand Alone First
Previous Owner $255,000 New Conventional
Previous Owner $171,268 FHA
Previous Owner $74,800 No Value Available
Previous Owner $138,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2019 09/17/19 Sold $855,000 +1.2% $453 / Sq Ft
08/13/2019 08/13/19 Pending -- -- --
07/31/2019 07/31/19 For Sale $845,000 +11.9% $448 / Sq Ft
10/18/2017 10/18/17 Sold $755,000 -2.6% $400 / Sq Ft
08/24/2017 08/24/17 Pending -- -- --
08/08/2017 08/08/17 For Sale $775,000 -- $410 / 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 $11,239 $935,064 $699,932 $235,132
2024 $11,239 $916,730 $686,208 $230,522
2023 $11,025 $898,755 $672,753 $226,002
2022 $10,516 $881,133 $659,562 $221,571
2021 $10,380 $863,857 $646,630 $217,227
2019 $9,351 $770,100 $612,000 $158,100
2018 $9,269 $755,000 $600,000 $155,000
2016 $6,544 $538,374 $314,388 $223,986
2015 $6,449 $530,288 $309,666 $220,622
2014 $6,478 $519,902 $303,601 $216,301
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17182766

California Regional Multiple Listing Service (CRMLS)

APN: 5071-021-033