NOT LISTED FOR SALE

Estimated Value: $1,155,000 - $1,898,000

9 Beds
5 Baths
3,200 Sq Ft
$447/Sq Ft Est. Value

Last Sold March 04, 2024

Last sale price $1,714,000 $536 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $8,302/month

13 Days on Market

Highlights

  • New Construction
  • No HOA
  • Living Room
  • Main Floor Bedroom
  • SEER Rated 13-15 Air Conditioning Units
  • Recessed Lighting

About This Home

As of March 2024

*6 weeks free rent*. Brand new construction, nestled in the heart of the bustling Mid-Wilshire neighborhood in Los Angeles. This residence has been thoughtfully designed to provide the utmost comfort and style. High-end finishes, such as quartz countertops, stainless steel appliances, and luxury vinyl floors. The open-concept living spaces offer the perfect canvas for personalization.

An unbeatable location, situated in the heart of Mid-Wilshire, residents have close access to dining, shopping, and entertainment options. Whether you're craving a gourmet meal at a Michelin-starred restaurant, exploring the latest exhibit at LACMA, or catching a show at the nearby theater, everything you could ever want or need is right at your fingertips.

** Advertised rent is net pricing of the unit when factoring in rent concessions over the lease term**

Last Agent to Sell the Property

Carlos Otero

Century 21 A Better Service License #01091488 Listed on: 01/12/2024

Century 21 A Better Service

Last Buyer's Agent

Jesse Yang

American Home Realty License #01968534

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,659

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 4,884 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 5 Open Parking Spaces
  • 1 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Triplex
  • Entry on the 1st floor
  • Shingle Roof

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Living Room
  • Gas Range

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Main Floor Bedroom
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • SEER Rated 13-15 Air Conditioning Units
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 9 / 1
  • Tax Tract Number 6460
  • Assessor Parcel Number 5064020021

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $2,100
  • Insurance Expense $3,500
  • Maintenance Expense $1,200
  • Gross Income $143,100
  • Net Operating Income $107,212

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,659

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 5.70
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: LARD1.5
  • New Construction: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 2100.00
  • Parcel Number: 5064020021
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Interior Amenities: Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 535.62
  • Room Type: Living Room, Main Floor Bedroom

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Seer Rated 13-15
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 4884.00
  • Lot Size Acres: 0.1121

Multi Family

  • Gross Income: 143100.00
  • Gross Operating Income: 137376.00
  • Gross Scheduled Income: 143100.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 4884.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 107212.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Operating Expense: 29300.00
  • Rent Control: No
  • Vacancy Allowance Rate: 4.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 2183.00
  • Tax Lot: 9
  • Tax Tract Number: 6460

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2024
Closed on
Feb 7, 2024
Sold by
Rhema 12 Llc
Bought by
Luconben Llc
Seller's Agent
Carlos Otero
Century 21 A Better Service
Buyer's Agent
Jesse Yang
American Home Realty
List Price
$1,877,000
Sold Price
$1,714,000
Premium/Discount to List
-$163,000
-8.68%
Views
45
Current Estimated Value
$1,429,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$284,455
Avg. Annual Appreciation
-10.42%

Purchase Details

Listed on
Jul 13, 2022
Closed on
Jul 22, 2022
Sold by
Cooper Carolyn R
Bought by
Rhema 12 Llc
Seller's Agent
J.J. Lopez
CENTURY 21 REALTY MASTERS
Buyer's Agent
Miguel Valencia
Century 21 Realty Masters
List Price
$899,000
Sold Price
$770,000
Premium/Discount to List
-$129,000
-14.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
68.71%
Original Mortgage
$818,200
Interest Rate
5.51%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 14, 1993
Sold by
Radigan Mary Ann Cuico
Bought by
Cooper Carolyn R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.81%
Source: Public Records

Range of Values:

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Average Value
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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
Luconben Llc $1,714,000 California Best Title
Rhema 12 Llc $770,000 New Title Company Name
Cooper Carolyn R -- North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rhema 12 Llc $818,200
Previous Owner Cooper Carolyn R $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/08/2024 10/08/24 Off Market $3,600 -- --
08/31/2024 08/31/24 For Rent $3,600 0.0% --
03/04/2024 03/04/24 Sold $1,714,000 -8.8% $536 / Sq Ft
01/14/2024 01/14/24 Price Changed $1,879,000 +0.1% $587 / Sq Ft
01/12/2024 01/12/24 For Sale $1,877,000 +143.8% $587 / Sq Ft
08/24/2022 08/24/22 Sold $770,000 -14.3% $827 / Sq Ft View Prior Sale
07/22/2022 07/22/22 Pending -- -- --
07/13/2022 07/13/22 For Sale $899,000 -- $966 / 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 $9,659 $801,108 $676,260 $124,848
2024 $9,659 $785,400 $663,000 $122,400
2023 $9,476 $770,000 $650,000 $120,000
2022 $698 $39,228 $23,069 $16,159
2021 $682 $38,460 $22,617 $15,843
2019 $667 $37,322 $21,948 $15,374
2018 $606 $36,591 $21,518 $15,073
2016 $573 $35,173 $20,684 $14,489
2015 $567 $34,646 $20,374 $14,272
2014 $581 $33,968 $19,975 $13,993
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24002084

California Regional Multiple Listing Service (CRMLS)

APN: 5064-020-021