NOT LISTED FOR SALE

1823 W Martin Luther King jr Blvd Los Angeles, CA 90062

Exposition Park Neighborhood

Estimated Value: $761,845 - $948,000

4 Beds
4 Baths
2,358 Sq Ft
$358/Sq Ft Est. Value

Last Sold April 24, 2013

Last sale price $340,000 $144 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $5,191/month

252 Days on Market

About This Home

As of April 2013

Four units with combined 2,358sqft of living space near USC. Each unit is 1 bed and 1 bath; all occupied. There is a 5 car garage in the back of the property. Long term tenants, all on month-to-month. Annual gross income is $27,696. Please do not disturb tenants, drive by only. Low maintenance costs.

Last Agent to Sell the Property

John Man

ManRealty.com License #01388408 Listed on: 07/02/2012

Last Buyer's Agent

John Man

ManRealty.com License #01388408 Listed on: 07/02/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,296

Year Built

  • Built in 1939

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,358 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 81
  • Tax Tract Number 4463
  • Assessor Parcel Number 5035007018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Other Expense $216
  • Water Sewer Expense $1,875
  • New Taxes Expense $4,362
  • Gross Income $2,308
  • Net Operating Income $21,242

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,296

Year Built

Built in 1939

Lot Details

0

Parking

5

Listing Details

  • Water Sewer Expenses: 1875.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5035007018
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Price Per Square Foot: 144.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 5.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Gross Income: 2308.00
  • Gross Scheduled Income: 27696.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 21242.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 6454.00
  • Other Expense: 216.00
  • Other Expense Description: RSO-SCEP
  • Rent Control: Yes
  • Total Actual Rent: 2308.00

Tax Info

  • New Taxes Expense: 4362.00
  • Tax Lot: 81
  • Tax Tract Number: 4463

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2018
Sold by
Mermik Holding Llc
Bought by
Zoey Design Llc
Current Estimated Value
$843,711

Purchase Details

Closed on
Aug 22, 2018
Sold by
Bach Thuc T
Bought by
Mermlk Holding Llc

Purchase Details

Closed on
Mar 22, 2017
Sold by
Man Johnny
Bought by
Mermlk Holding Llc

Purchase Details

Closed on
Oct 11, 2016
Sold by
Mermlk Holding Llc
Bought by
Man Johnny

Purchase Details

Closed on
Dec 17, 2013
Sold by
Nguyen San T
Bought by
Mermlk Holding Llc

Purchase Details

Listed on
Jul 2, 2012
Closed on
May 20, 2013
Sold by
Nguyen San T
Bought by
Bach Thuc T and Nguyen San T
Seller's Agent
John Man
ManRealty.com
Buyer's Agent
John Man
ManRealty.com
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%

Purchase Details

Listed on
Jul 2, 2012
Closed on
Mar 15, 2013
Sold by
Hom Bik and Bik Hom Revocable Trust
Bought by
Nguyen San T
Seller's Agent
John Man
ManRealty.com
Buyer's Agent
John Man
ManRealty.com
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 2, 2012
Closed on
Mar 14, 2013
Sold by
Bach Thuc T
Bought by
Nguyen San T
Seller's Agent
John Man
ManRealty.com
Buyer's Agent
John Man
ManRealty.com
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2011
Sold by
Hom Bik and Hom Bik Fay
Bought by
Hom Bik and The Bik Hom Revocable Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Zoey Design Llc -- None Available
Mermlk Holding Llc -- None Available
Mermlk Holding Llc -- None Available
Man Johnny -- Accommodation
Mermlk Holding Llc -- None Available
Bach Thuc T -- Accommodation
Nguyen San T $340,000 Fatcola
Nguyen San T -- First American Title Co La
Hom Bik -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen San T $255,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2013 04/24/13 Sold $340,000 -2.9% $144 / Sq Ft
03/11/2013 03/11/13 Pending -- -- --
07/02/2012 07/02/12 For Sale $350,000 -- $148 / 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 $9,296 $740,700 $669,309 $71,391
2024 $9,296 $726,178 $656,186 $69,992
2023 $9,127 $711,940 $643,320 $68,620
2022 $8,721 $697,981 $630,706 $67,275
2021 $8,607 $684,296 $618,340 $65,956
2019 $4,970 $375,323 $264,934 $110,389
2018 $4,838 $367,965 $259,740 $108,225
2016 $4,618 $353,678 $249,655 $104,023
2015 $4,555 $348,366 $245,905 $102,461
2014 $4,597 $341,543 $241,089 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A12082586

California Regional Multiple Listing Service (CRMLS)

APN: 5035-007-018