NOT LISTED FOR SALE

1824 S Highland Ave Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,701,000 - $2,457,000

12 Beds
8 Baths
4,708 Sq Ft
$405/Sq Ft Est. Value

Last Sold September 13, 2023

Last sale price $1,762,500 $374 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $11,898/month

43 Days on Market

About This Home

As of September 2023

An excellent investment opportunity to own a profitable fourplex in the rapidly growing Mid-City neighborhood of Los Angeles. ONE UNIT WILL BE DELIVERED VACANT. Perfect for an owner/user or to update the unit and increase rent. Centrally located to LA's largest employment hubs, allowing for ideal travel times in any direction and making it a highly desirable location for a large pool of renters. Each unit is separately metered for gas, electricity, and water. The two upstairs units were fully remodeled in 2021. The garages have the potential to be converted into ADUs, adding even more upside value to this investment opportunity. Please do not disturb tenants or walk on the property. Interior showings are available with an accepted offer. *MONTHLY RENT: $11,374 (Current), $12,400 (Pro forma)*CAP RATE: 5.86% (Current), 6.52% (Pro forma) *GRM:13.19 (Current), 12.10 (Pro forma)*

Last Agent to Sell the Property

James Yoo

Yoo Properties License #01994131 Listed on: 06/27/2023

Last Buyer's Agent

Shawn Raoufpour

Gold Realty License #01425538

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,819

Year Built

  • Built in 1903

Lot Details

  • 6,431 Sq Ft Lot
  • West Facing Home

Interior Spaces

  • 4,708 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Assigned Parking

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for trash collection, water, gas, electricity
  • Assessor Parcel Number 5067-011-028

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • Vacancy Allowance $4,095

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,819

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: An excellent investment opportunity to own a profitable fourplex in the rapidly growing Mid-City neighborhood of Los Angeles. ONE UNIT WILL BE DELIVERED VACANT. Perfect for an owner/user or to update the unit and increase rent. Centrally located to LA's largest employment hubs, allowing for ideal travel times in any direction and making it a highly desirable location for a large pool of renters. Each unit is separately metered for gas, electricity, and water. The two upstairs units were fully remodeled in 2021. The garages have the potential to be converted into ADUs, adding even more upside value to this investment opportunity. Please do not disturb tenants or walk on the property. Interior showings are available with an accepted offer. *MONTHLY RENT: $11,374 (Current), $12,400 (Pro forma)*CAP RATE: 5.86% (Current), 6.52% (Pro forma) *GRM:13.19 (Current), 12.10 (Pro forma)*
  • Living Area: 4708
  • Lot Acreage: 0.1476
  • Price Per Unit: 487500.00
  • Probate: No
  • Stories: 2
  • Year Built: 1903
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 4
  • Appliances: Microwave, Oven-Gas, Range
  • Bedrooms: 12
  • Laundry: In Unit, Laundry Area, Inside
  • Total Bathrooms: 8.00
  • Equipment: Dishwasher, Dryer, Gas Dryer Hookup, Microwave, Refrigerator, Washer, Range/Oven
  • Price Per S Q F T: 382.33

Exterior Features

  • Direction Faces: West
  • Other Structures: Other
  • Number Patio: 2
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 2
  • Covered Parking: 4
  • Number Rented Garages: 2
  • Parking Garage: Assigned, Parking Space
  • Total Parking: 6

Utilities

  • Heating: Natural Gas
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Water Meters: 4

Lot Info

  • Assessed Improvement Percent: 30.04
  • Assessed Improvement Value: 392984
  • Assessed Land Percent: 69.96
  • Assessed Land Value: 915082
  • Total Assessed Value: 1308066
  • Assessor Parcel Number: 5067-011-028
  • Lot Size Area: 6431

Rental Info

  • Number Leased: 4
  • Total Actual Rent: 11374.00
  • Land Lease Type: Fee
  • Rent Control: Yes
  • Tenant Pays: Trash Collection, Water, Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.19
  • Number Of Units: 4
  • Type Of Units: .
  • Vacancy Allow: 4095
  • Vacancy Allow Percent: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2022
Closed on
Jun 8, 2022
Sold by
Hashemiye Pooya
Bought by
Lee Mary M and Lee-Lim Margaret Jean
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
List Price
$2,199,000
Sold Price
$2,200,000
Premium/Discount to List
$1,000
0.05%
Current Estimated Value
$1,908,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$291,155
Avg. Annual Appreciation
-4.04%
Original Mortgage
$965,700
Outstanding Balance
$911,335
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$997,510

Purchase Details

Closed on
Jan 21, 2015
Sold by
Tannenbaum Noah
Bought by
Hashemiye Pooya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$794,500
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 21, 2012
Closed on
Aug 13, 2012
Sold by
Mayer Alan and Murphy Marcela
Bought by
Tannenbaum Noah and Tannenbaum Jennifer
Seller's Agent
Marty Stone
Buckingham Investments
Buyer's Agent
Dennis Earls
SP Residential Inc
List Price
$1,100,000
Sold Price
$925,000
Premium/Discount to List
-$175,000
-15.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.62%
Original Mortgage
$908,245
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 21, 2012
Closed on
Jul 12, 2012
Sold by
Mayer Alan M and Mayer Marcela Murphy
Bought by
Mayer Alan and Mayer Marcela Murphy
Seller's Agent
Marty Stone
Buckingham Investments
Buyer's Agent
Dennis Earls
SP Residential Inc
List Price
$1,100,000
Sold Price
$925,000
Premium/Discount to List
-$175,000
-15.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$908,245
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 4, 2008
Sold by
Mayer Alan M
Bought by
Mayer Alan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2007
Sold by
Aaron Leona Bell and 2006 Willie Mae Aaron Revocabl
Bought by
Mayer Alan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2006
Sold by
Aaron Willie Mae
Bought by
Aaron Leona Bell and 2006 Willie Mae Aaron Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Lee Mary M $2,200,000 Provident Title
Hashemiye Pooya $1,155,000 Usa National Title Co
Tannenbaum Noah $925,000 North American Title Company
Mayer Alan -- Chicago Title Company
Mayer Alan M -- North American Title Company
Mayer Alan M $650,000 Fidelity National Title Co
Aaron Leona Bell -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Mary M $965,700
Previous Owner Hashemiye Pooya $794,500
Previous Owner Tannenbaum Noah $908,245
Previous Owner Mayer Alan $300,000
Previous Owner Mayer Alan M $780,000
Previous Owner Mayer Alan M $520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/13/2023 09/13/23 Sold $1,762,500 -2.1% $374 / Sq Ft
08/09/2023 08/09/23 Pending -- -- --
06/27/2023 06/27/23 For Sale $1,800,000 -18.2% $382 / Sq Ft
06/14/2022 06/14/22 Sold $2,200,000 0.0% $467 / Sq Ft View Prior Sale
05/10/2022 05/10/22 Pending -- -- --
05/02/2022 05/02/22 For Sale $2,199,000 +90.4% $467 / Sq Ft
03/27/2015 03/27/15 Sold $1,155,000 -3.7% $245 / Sq Ft View Prior Sale
02/12/2015 02/12/15 Pending -- -- --
01/06/2015 01/06/15 For Sale $1,199,000 +29.6% $255 / Sq Ft
08/29/2012 08/29/12 Sold $925,000 -15.9% $196 / Sq Ft View Prior Sale
06/21/2012 06/21/12 Pending -- -- --
03/21/2012 03/21/12 For Sale $1,100,000 -- $234 / 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 $21,819 $1,797,750 $981,750 $816,000
2024 $21,819 $1,762,500 $962,500 $800,000
2023 $27,593 $2,244,000 $1,428,000 $816,000
2022 $15,920 $1,308,066 $915,082 $392,984
2021 $15,707 $1,282,419 $897,140 $385,279
2019 $15,243 $1,244,383 $870,531 $373,852
2018 $15,101 $1,219,984 $853,462 $366,522
2016 $14,415 $1,172,613 $820,322 $352,291
2015 $11,737 $947,763 $614,766 $332,997
2014 $11,796 $929,199 $602,724 $326,475
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    James Yoo

    Yoo Properties

    Section Image
  • Shawn Raoufpour

    Buyer's Agent in 2023

    Shawn Raoufpour

    Gold Realty

    (310) 346-4343

    1 in this area

    29 Total Sales

    Shawn Raoufpour
    Section Image
  • Elizabeth Maddox

    Seller's Agent in 2022

    Elizabeth Maddox

    Myunits.com Inc.

    (818) 850-8485

    19 in this area

    105 Total Sales

    Elizabeth Maddox
    Section Image

  • I

    Seller Co-Listing Agent in 2022

    Ian Maddox

    Myunits.com Inc.

    (818) 859-7242

    13 in this area

    66 Total Sales

    Ian Maddox
    Section Image
  • Robert Baer

    Seller's Agent in 2015

    Robert Baer

    Coldwell Banker Realty

    (323) 377-5661

    2 in this area

    37 Total Sales

    Robert Baer
    Section Image

  • B

    Seller Co-Listing Agent in 2015

    Brian Capossela

    Cap Equity Realty

    (310) 305-4986

    20 Total Sales

    Brian Capossela
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-284809

The MLS

APN: 5067-011-028

California Los Angeles County Los Angeles 90019 Mid-City

1824 S Highland Ave, Los Angeles, CA

Not Listed for Sale

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