1744 W 23rd St Los Angeles, CA 90018
Adams-Normandie NeighborhoodEstimated Value: $1,070,000 - $1,418,261
7
Beds
4
Baths
3,028
Sq Ft
$385/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Granite Countertops
- Laundry Room
- Property is near public transit
- Living Room
- Tile Flooring
About This Home
As of June 2017A favorable investment with easy cash flow! This triplex has 2 buildings with a main house in the front and 2 units in the rear building. Front unit has 5 bedrooms with 2 bathrooms. Back building has 1 bed/1bath each unit. Properties are well-kept and well-maintained, looking as alluring as they did when they were remodeled a few years ago. Located conveniently near the freeway, public parks, schools, shopping areas, but still in a peaceful neighborhood. Closed to the Korean town expansion. Existing tenant all been living at property for over 3.5 years. They all love the property and sign to long term contract.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01885711 Listed on: 04/11/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,634
Year Built
- Built in 1963
Lot Details
- 6,757 Sq Ft Lot
- No Common Walls
Home Design
- Flat Roof Shape
- Shingle Roof
Interior Spaces
- 3,028 Sq Ft Home
- Open Floorplan
- Living Room
- Granite Countertops
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 7 Parking Spaces
- Parking Available
- Shared Driveway
- Assigned Parking
Utilities
- Wall Furnace
- Natural Gas Connected
- Cable TV Available
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Tenant pays for electricity, gas, telephone, trash collection
- Tax Lot 68
- Tax Tract Number 2215
- Assessor Parcel Number 5058027022
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,000
- Trash Expense $600
- Water Sewer Expense $3,600
- Operating Expense $5,200
- Gross Income $58,080
- Net Operating Income $52,880
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 14, 2018
Sold by
Choi Youngkook and Ryu Yeong Ae
Bought by
Fred Tigist B
Total Days on Market
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 11, 2017
Closed on
Apr 27, 2017
Sold by
Rmc Enterprise Llc
Bought by
Choi Youngkook and Ryu Yeong Ae
Seller's Agent
Edwin Wen
RE/MAX 2000 REALTY
Buyer's Agent
Kelly Chong
Dream Realty & Investments Inc
List Price
$790,000
Sold Price
$812,000
Premium/Discount to List
$22,000
2.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.64%
Original Mortgage
$609,000
Interest Rate
4.02%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 9, 2013
Closed on
Jun 24, 2013
Sold by
Isaac & Ruth Corporation
Bought by
Rmc Enterprise Llc and Del United Investment Group Llc
Seller's Agent
Karen Ji
Masters Realty Eastern Group
Buyer's Agent
Karen Ji
Masters Realty Eastern Group
List Price
$487,500
Sold Price
$512,000
Premium/Discount to List
$24,500
5.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.38%
Purchase Details
Listed on
Dec 10, 2012
Closed on
Jan 23, 2013
Sold by
Us Bank National Association
Bought by
Isaac & Ruth Corporation
Seller's Agent
Brian Selem
The Agency
Buyer's Agent
Brian Selem
The Agency
List Price
$320,250
Sold Price
$327,500
Premium/Discount to List
$7,250
2.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
197.38%
Purchase Details
Closed on
Mar 26, 2010
Sold by
Deras Mariano
Bought by
Us Bank National Association
Purchase Details
Closed on
Aug 28, 2006
Sold by
Deras Mariano
Bought by
Deras Mariano and Rivas Nieves M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
1%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Aug 10, 2006
Sold by
Rivas Nieves M
Bought by
Deras Mariano
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
1%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Feb 27, 2004
Sold by
Alonzo Marcos Soto and Soto Rosario
Bought by
Deras Mariano and Rivas Nieves M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,200
Interest Rate
6.57%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 23, 1993
Sold by
Orozco Juan and Orozco Joan
Bought by
Alonzo Marcos Soto and Soto Rosario
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.13%
Purchase Details
Closed on
Sep 22, 1993
Sold by
Orozco Juan and Orozco Joan
Bought by
Orozco Juan and Orozco Joan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.13%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fred Tigist B | $1,000,000 | Usa National Title Inc | |
| Choi Youngkook | $812,000 | Fidelity National Title Co | |
| Rmc Enterprise Llc | $512,000 | Provident Title Company | |
| Isaac & Ruth Corporation | $327,500 | Equity Title Company | |
| Us Bank National Association | $290,700 | Accommodation | |
| Deras Mariano | -- | None Available | |
| Deras Mariano | -- | Advantage Title Inc | |
| Deras Mariano | $484,000 | Fidelity National Title | |
| Alonzo Marcos Soto | $200,000 | -- | |
| Orozco Juan | -- | -- | |
| Orozco Juan | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ferede Tigist B | $1,700,000 | |
| Previous Owner | Fred Tigist B | $480,000 | |
| Previous Owner | Choi Youngkook | $609,000 | |
| Previous Owner | Deras Mariano | $525,000 | |
| Previous Owner | Deras Mariano | $387,200 | |
| Previous Owner | Alonzo Marcos Soto | $208,600 | |
| Previous Owner | Alonzo Marcos Soto | $160,000 | |
| Closed | Deras Mariano | $96,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2017 06/16/17 | Sold | $812,000 | +2.8% | $268 / Sq Ft |
| 04/25/2017 04/25/17 | Pending | -- | -- | -- |
| 04/11/2017 04/11/17 | For Sale | $790,000 | +54.3% | $261 / Sq Ft |
| 07/07/2013 07/07/13 | Sold | $512,000 | +5.0% | $169 / Sq Ft |
| 06/21/2013 06/21/13 | Pending | -- | -- | -- |
| 06/01/2013 06/01/13 | For Sale | $487,500 | +48.9% | $161 / Sq Ft |
| 02/06/2013 02/06/13 | Sold | $327,500 | +2.3% | $303 / Sq Ft |
| 12/31/2012 12/31/12 | Pending | -- | -- | -- |
| 12/10/2012 12/10/12 | For Sale | $320,250 | -- | $297 / 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 | $13,634 | $1,093,642 | $874,915 | $218,727 |
| 2023 | $13,377 | $1,072,199 | $857,760 | $214,439 |
| 2022 | $12,767 | $1,051,177 | $840,942 | $210,235 |
| 2021 | $12,600 | $1,030,566 | $824,453 | $206,113 |
| 2020 | $12,727 | $1,020,000 | $816,000 | $204,000 |
| 2019 | $12,229 | $1,000,000 | $800,000 | $200,000 |
| 2018 | $10,278 | $828,240 | $624,240 | $204,000 |
| 2016 | $6,646 | $530,191 | $372,791 | $157,400 |
| 2015 | $6,552 | $522,228 | $367,192 | $155,036 |
| 2014 | $6,592 | $512,000 | $360,000 | $152,000 |
Source: Public Records
Agents Affiliated with this Home
-
Edwin Wen
Seller's Agent in 2017
Edwin Wen
RE/MAX
(909) 539-8561
22 Total Sales
-
Kelly Chong
Buyer's Agent in 2017
Kelly Chong
Dream Realty & Investments Inc
(213) 500-4803
30 Total Sales
-
Seller's Agent in 2013
Karen Ji
Masters Realty Eastern Group
(213) 434-0985
-
Brian Selem
Seller's Agent in 2013
Brian Selem
The Agency
(310) 442-1644
35 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV17058873
APN: 5058-027-022
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