NOT LISTED FOR SALE

1837 S Highland Ave Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,570,000 - $1,721,000

7 Beds
5 Baths
2,773 Sq Ft
$582/Sq Ft Est. Value

Last Sold April 29, 2021

Last sale price $1,480,000 $534 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $10,148/month

25 Days on Market

Highlights

  • City View
  • Spanish Architecture
  • Front Porch
  • Wood Flooring
  • Granite Countertops
  • Built-In Features

About This Home

As of April 2021

Solid price reduction for this immaculate fully renovated Triplex listing in a prime Mid-City location at 1837 S. Highland Avenue, LA 90019. Featuring a fantastic unit mix with two large 3 bedroom 2 bath units & a detached rear 1 bedroom 1 bath unit with 2,773 total rentable SF. Seller will be delivering one unit vacant at closing. This Mid-City property is very well-located in an Opportunity Zone, adjacent to the highly desirable Lafayette Square & Picfair Village neighborhoods in a nice residential pocket. It is close to La Brea & only minutes from the 10 Freeway for ease of access/commuting. The property underwent a complete renovation in 2018 including: new plumbing; electrical; central heat/AC; new roof for front duplex; new soft stucco/paint; washer/dryers & full upgrading of all units interiors. The rear building's roof was also replaced in 2020. This totally turnkey Highland triplex presents a great opportunity both for an owner-user buyer looking to take occupancy themselves + have great rental income to assist with the bulk of their mortgage payments, or for an investor/1031 buyer looking to enjoy strong, stable income with total ease of management and no capital improvements required. Contact us today for more details!

Last Agent to Sell the Property

Matt Dunfrund

Scott Properties Group License #01785161 Listed on: 03/08/2021

Last Buyer's Agent

Thomas Hilal

Nourmand & Associates-BH License #01354379

Nourmand & Associates-BH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,522

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 5,617 Sq Ft Lot
  • East Facing Home
  • Front Yard

Parking

  • 1 Open Parking Space
  • 2 Car Garage
  • Assigned Parking

Home Design

  • Spanish Architecture
  • Flat Roof Shape
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 2,773 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Wood Flooring
  • City Views

Kitchen

  • Oven
  • Gas and Electric Range
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Front Porch

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 5067-013-009

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • Vacancy Allowance $2,808

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,522

Year Built

Built in 1940 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Entry Location: Ground Level w/steps
  • Living Area: 2773
  • Lot Acreage: 0.1290
  • Price Per Unit: 499000.00
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1940
  • Builders Tract Name: Tract # 5870 Lot 9 Blk 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 3
  • Number Disposal: 3
  • Flooring: Wood
  • Appliances: Gas/Electric Range, Oven
  • Bedrooms: 7
  • Bedroom Features: All Bedrooms Down
  • Common Walls: Attached
  • Kitchen Features: Granite Counters
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 5.00
  • Equipment: Built-Ins, Cable, Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer
  • Price Per S Q F T: 539.85

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Porch - Front
  • Paved: Yes
  • Pool: No
  • Roof: Asphalt, Flat
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 1
  • Parking Garage: Assigned
  • Total Parking: 3

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Gas
  • Cooling: Air Conditioning, Ceiling Fan, Central
  • Heating: Central
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 24.59
  • Assessed Improvement Value: 59587
  • Assessed Land Percent: 75.41
  • Assessed Land Value: 182750
  • Total Assessed Value: 242337
  • Assessor Parcel Number: 5067-013-009
  • Lot Description: Front Yard
  • Lot Size Area: 5617

Rental Info

  • Monthly Gross Income: 7800.00
  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.99
  • Gross Scheduled Income: 93600.00
  • Number Of Units: 3
  • Rent Control: 100
  • Type Of Units: Rental
  • Vacancy Allow: 2808
  • Vacancy Allow Percent: 3.00

Tax Info

  • Mello Roos: Unknown

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2021
Closed on
Apr 16, 2021
Sold by
Leiser Jonathan Travis
Bought by
Legacki Andrea
Seller's Agent
Matt Dunfrund
Scott Properties Group
Buyer's Agent
Thomas Hilal
Nourmand & Associates-BH
List Price
$1,525,000
Sold Price
$1,480,000
Premium/Discount to List
-$45,000
-2.95%
Current Estimated Value
$1,613,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,455
Avg. Annual Appreciation
1.91%
Original Mortgage
$1,040,000
Outstanding Balance
$936,957
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$676,498

Purchase Details

Listed on
Mar 29, 2017
Closed on
May 12, 2017
Sold by
Ajie Henry O and Ajie Gloria L
Bought by
Leiser Jonathan Travis
Seller's Agent
Annette Austin-Fuller
Realty Masters & Associates
Buyer's Agent
Lisa Cortland
Berkshire Hathaway HomeServices California Properties
List Price
$699,000
Sold Price
$650,000
Premium/Discount to List
-$49,000
-7.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.90%
Original Mortgage
$638,226
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 6, 2012
Sold by
Ajie Gloria L
Bought by
Ajie Henry O and Ajie Gloria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2005
Sold by
Cho Hae Young
Bought by
Cho Sung Hoon

Purchase Details

Closed on
Mar 11, 2003
Sold by
Ajie Henry O
Bought by
Ajie Gloria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.82%

Purchase Details

Closed on
Dec 14, 1999
Sold by
Dwyer John A and Dwyer Bethune
Bought by
Ajie Henry O and Ajie Gloria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,400
Interest Rate
7.68%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Legacki Andrea $1,480,000 North American Title
Leiser Jonathan Travis $650,000 Orange Coast Title
Ajie Henry O -- Chicago Title Company
Cho Sung Hoon -- Equity Title
Ajie Gloria L -- Orange Coast Title
Ajie Henry O $183,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Legacki Andrea $1,040,000
Previous Owner Leiser Jonathan Travis $638,226
Previous Owner Ajie Henry O $266,000
Previous Owner Ajie Gloria L $262,500
Previous Owner Ajie Henry O $146,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/29/2021 04/29/21 Sold $1,480,000 -1.1% $534 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
03/22/2021 03/22/21 Price Changed $1,497,000 -1.8% $540 / Sq Ft
03/08/2021 03/08/21 For Sale $1,525,000 +134.6% $550 / Sq Ft
06/27/2017 06/27/17 Sold $650,000 -7.0% $1,204 / Sq Ft View Prior Sale
05/05/2017 05/05/17 Pending -- -- --
03/29/2017 03/29/17 For Sale $699,000 -- $1,294 / 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 $19,522 $1,601,996 $1,472,106 $129,890
2024 $19,319 $1,570,586 $1,443,242 $127,344
2023 $18,949 $1,539,792 $1,414,944 $124,848
2022 $18,073 $1,509,600 $1,387,200 $122,400
2021 $8,996 $733,774 $675,487 $58,287
2020 $9,083 $726,251 $668,561 $57,690
2019 $8,310 $676,260 $655,452 $20,808
2018 $8,182 $663,000 $642,600 $20,400
2016 $3,126 $237,586 $179,167 $58,419
2015 $3,084 $234,018 $176,476 $57,542
2014 $3,115 $229,435 $173,020 $56,415
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Matt Dunfrund

    Scott Properties Group

    Section Image
  • Thomas Hilal

    Buyer's Agent in 2021

    Thomas Hilal

    Nourmand & Associates-BH

    (310) 486-1065

    1 in this area

    85 Total Sales

    Thomas Hilal
    Section Image
  • Annette Austin-Fuller

    Seller's Agent in 2017

    Annette Austin-Fuller

    Realty Masters & Associates

    (213) 248-2286

    11 Total Sales

    Annette Austin-Fuller
    Section Image

  • L

    Buyer's Agent in 2017

    Lisa Cortland

    Berkshire Hathaway HomeServices California Properties

    Section Image
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Map

Source: The MLS

MLS Number: 21-702378

The MLS

APN: 5067-013-009

California Los Angeles County Los Angeles 90019 Mid-City

1837 S Highland Ave, Los Angeles, CA

Not Listed for Sale

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