NOT LISTED FOR SALE

1822 S New England St Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $1,257,000 - $1,431,931

8 Beds
4 Baths
4,506 Sq Ft
$306/Sq Ft Est. Value

Last Sold November 29, 2023

Last sale price $1,300,000 $289 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $8,629/month

66 Days on Market

About This Home

As of November 2023

We are pleased to offer the opportunity to acquire this four (4) unit value-add multifamily investment opportunity located at 1822 S. New England Street, well situated in the heart of Korea-town. The investment consists of one (1) structure, constructed of wood frame and stucco on a raised foundation built in 1913, with a square footage of 4,506 on a 9,112-square foot lot. The property consists of four (4) spacious 2-bedroom +1-bathroom units (Permitted 1-bedroom + 1-bathroom units on title), and the development opportunity to construct two (2) additional units, as well as two (2) ADU's to further increase cash flow. The site offers a zoning ordinance of LARD1.5, which allows for the construction of 6 total units by right. With a Tier 2 TOC (35% density bonus), this allows for the development of an additional 4 units, totaling a potential 10 buildable units. (Buyer to verify and do their own due diligence)

Last Agent to Sell the Property

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 08/14/2023

Keller Williams Hollywood Hills

Last Buyer's Agent

Duk Hee Kang

Everyday Investment Group Inc License #01980843

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,326

Year Built

  • Built in 1913

Lot Details

  • 9,287 Sq Ft Lot

Parking

  • 10 Parking Spaces

Interior Spaces

  • 4,506 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5056-015-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,326

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4506
  • Lot Acreage: 0.2132
  • Probate: No
  • Stories: 2
  • Year Built: 1913
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 298.49

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 10

Lot Info

  • Assessed Improvement Percent: 23.81
  • Assessed Improvement Value: 268049
  • Assessed Land Percent: 76.19
  • Assessed Land Value: 857760
  • Total Assessed Value: 1125809
  • Assessor Parcel Number: 5056-015-016
  • Lot Size Area: 9287

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 20.00
  • Number Of Units: 4
  • Total Annual Expense: 15624
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2023
Closed on
Nov 13, 2023
Sold by
A And B Family Trust and Kim Michael Ki
Bought by
Kang Paul Kc
Seller's Agent
Davis Saadian
Keller Williams Hollywood Hills
Buyer's Agent
Duk Hee Kang
Everyday Investment Group Inc
List Price
$1,345,000
Sold Price
$1,300,000
Premium/Discount to List
-$45,000
-3.35%
Views
154
Current Estimated Value
$1,369,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,561
Avg. Annual Appreciation
3.51%
Original Mortgage
$500,000
Outstanding Balance
$490,708
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$887,276

Purchase Details

Closed on
Nov 15, 2022
Sold by
Kim Michael Ki and Kim Jennifer Insoon
Bought by
A And B Family Trust

Purchase Details

Listed on
Jul 28, 2017
Closed on
Jun 18, 2018
Sold by
Kim Seon
Bought by
Kim Michael K and Kim Jennifer I
Seller's Agent
Christina Lee
Ivy Realty Co.
Buyer's Agent
Christina Lee
Ivy Realty Co.
List Price
$1,049,000
Sold Price
$1,050,000
Premium/Discount to List
$1,000
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.89%
Original Mortgage
$200,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 16, 2016
Closed on
Dec 27, 2016
Sold by
Security Eat 50 Inc
Bought by
Kim Seon and Kim Sanghi
Seller's Agent
Tannaz Rahbar
Real Estate Source, Inc.
Buyer's Agent
Christina Lee
Ivy Realty Co.
List Price
$890,000
Sold Price
$810,000
Premium/Discount to List
-$80,000
-8.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.53%
Original Mortgage
$607,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2016
Sold by
Ids Group Investments Llc
Bought by
Security Eat 50 Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2015
Sold by
Rahbar Keyvan
Bought by
Ids Group Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2014
Sold by
Ids Group Investments Llc
Bought by
Rahbar Keyvan and Rahbar Tannaz

Purchase Details

Closed on
May 5, 2014
Sold by
Rahbar Keyvan
Bought by
Ids Group Investments Llc

Purchase Details

Listed on
Feb 5, 2013
Closed on
Apr 21, 2013
Sold by
Aguilar Jose O
Bought by
Rahbar Keyvan and Rahbar Tannaz
Seller's Agent
Dolly Rivas
No Firm Affiliation
Buyer's Agent
Dolly Rivas
No Firm Affiliation
List Price
$310,000
Sold Price
$310,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.02%

Purchase Details

Closed on
Nov 13, 2003
Sold by
Cooper Ivonne B
Bought by
Aguilar Jose O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2000
Sold by
Al Trujillo Baldemar
Bought by
Cooper Ivonne B and Cooper Nelly R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,703
Interest Rate
8.18%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 23, 1997
Sold by
Sanchez Aurelio
Bought by
Copper Ivonne B and Cooper Nelly R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,550
Interest Rate
7.94%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kang Paul Kc $1,300,000 Upward Title Company
A And B Family Trust -- --
Kim Michael K $1,050,000 Provident Title Company
Kim Seon $810,000 Fidelity National Title Co
Security Eat 50 Inc -- Accommodation
Ids Group Investments Llc -- None Available
Rahbar Keyvan -- First American Title Company
Ids Group Investments Llc -- None Available
Rahbar Keyvan $395,000 Usa National Title Company
Aguilar Jose O $325,000 Investors Title Company
Cooper Ivonne B -- --
Copper Ivonne B $223,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kang Paul Kc $500,000
Previous Owner Kim Michael K $300,000
Previous Owner Kim Michael K $200,000
Previous Owner Kim Michael K $700,000
Previous Owner Kim Seon $607,000
Previous Owner Rahbar Keyvan $455,000
Previous Owner Aguilar Jose O $530,000
Previous Owner Aguilar Jose O $487,500
Previous Owner Aguilar Jose O $292,500
Previous Owner Cooper Ivonne B $17,703
Previous Owner Cooper Ivonne B $48,000
Previous Owner Copper Ivonne B $215,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2023 11/29/23 Sold $1,300,000 -3.3% $289 / Sq Ft
08/14/2023 08/14/23 For Sale $1,345,000 +28.1% $298 / Sq Ft
06/26/2018 06/26/18 Sold $1,050,000 +0.1% $233 / Sq Ft
05/23/2018 05/23/18 Pending -- -- --
12/30/2017 12/30/17 For Sale $1,049,000 0.0% $233 / Sq Ft
12/30/2017 12/30/17 Price Changed $1,049,000 -0.1% $233 / Sq Ft
12/22/2017 12/22/17 Off Market $1,050,000 -- --
12/21/2017 12/21/17 For Sale $1,029,000 -2.0% $228 / Sq Ft
12/11/2017 12/11/17 Off Market $1,050,000 -- --
12/03/2017 12/03/17 Price Changed $1,029,000 +929.5% $228 / Sq Ft
07/28/2017 07/28/17 For Sale $99,950 -87.7% $22 / Sq Ft
02/02/2017 02/02/17 Sold $810,000 -9.0% $180 / Sq Ft
12/26/2016 12/26/16 Pending -- -- --
12/16/2016 12/16/16 For Sale $890,000 +187.1% $198 / Sq Ft
05/30/2013 05/30/13 Sold $310,000 0.0% $69 / Sq Ft
02/09/2013 02/09/13 Pending -- -- --
02/05/2013 02/05/13 For Sale $310,000 -- $69 / 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 $16,326 $1,326,000 $1,009,800 $316,200
2024 $16,326 $1,300,000 $990,000 $310,000
2023 $14,506 $1,148,324 $874,915 $273,409
2022 $13,851 $1,125,809 $857,760 $268,049
2021 $13,663 $1,103,736 $840,942 $262,794
2020 $13,798 $1,092,420 $832,320 $260,100
2019 $13,264 $1,071,000 $816,000 $255,000
2018 $10,410 $826,200 $520,200 $306,000
2016 $5,336 $409,034 $326,192 $82,842
2015 $5,264 $402,891 $321,293 $81,598
2014 $5,309 $395,000 $315,000 $80,000
Source: Public Records

Agents Affiliated with this Home

  • Davis Saadian

    Seller's Agent in 2023

    Davis Saadian

    Keller Williams Hollywood Hills

    (310) 402-8958

    1 in this area

    78 Total Sales

    Section Image

  • D

    Buyer's Agent in 2023

    Duk Hee Kang

    Everyday Investment Group Inc

    (714) 244-5225

    1 in this area

    8 Total Sales

    Section Image

  • C

    Seller's Agent in 2018

    Christina Lee

    Ivy Realty Co.

    (213) 386-8888

    3 Total Sales

    Section Image
  • Tannaz Rahbar

    Seller's Agent in 2017

    Tannaz Rahbar

    Real Estate Source, Inc.

    (310) 995-7545

    2 Total Sales

    Section Image

  • D

    Seller's Agent in 2013

    Dolly Rivas

    No Firm Affiliation

See All Agents

Map

Source: The MLS

MLS Number: 23-300481

The MLS

APN: 5056-015-016

California Los Angeles County Los Angeles 90006 Pico-Union

1822 S New England St, Los Angeles, CA

This home is located at 1822 S New England St, Los Angeles, CA 90006 since 14 August 2023 and is currently estimated at $1,377,983, approximately $305 per square foot. This property was built in 1913. 1822 S New England St is a home located in Los Angeles County with nearby schools including Magnolia Avenue Elementary School, Berendo Middle, and West Adams Preparatory High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes