$1,350,000
SOLD MAR 7, 2025
8 Beds
8 Baths
2,500 Sq Ft
6,137 Sq Ft Lot

Recently Sold

$540 Per Sq Ft

7% Below List Price

267 Days on Market

Highlights

  • Gated Parking
  • Laundry Room
  • Central Heating
  • Side by Side Parking
  • Studio bedroom
  • 5-minute walk to Hope and Peace Park

About This Home

As of March 2025

Great first-time investment opportunity! Close to USC and Loyola Marymount Law School, 10 and 110 freeways. Property has been remodeled and two units are move-in ready for new tenants. Assessor shows 1 unit with 4 bedrooms + 4 bathrooms and 4 studios of boarding house. So the property actually has 8 bedrooms each with their own private bathrooms. The kitchen, bedrooms, bathrooms, and floors, and the entire building have been fully remodeled throughout. The property was previously used for Airbnb Grossing $15,000/month.

Last Agent to Sell the Property

Clay Choi

Jonghyeok Choi License #02011547 Listed on: 02/20/2025

Jonghyeok Choi

Last Buyer's Agent

Jonghyeok Choi

Landpac Properties License #02011547

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,515

Year Built

  • Built in 1903

Lot Details

  • 6,137 Sq Ft Lot
  • Gated Home
  • Property is zoned LAC1

Home Design

  • Permanent Foundation
  • Wood Siding

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Studio bedroom
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 8 Parking Spaces
  • Side by Side Parking
  • Gated Parking

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Gas Water Heater

Community Details

  • Clay Choi Association
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5136-020-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,515

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Building Permit: Yes
  • Living Area: 2500
  • Lot Acreage: 0.1409
  • Price Per Unit: 212500.00
  • Stories: 2
  • Year Built: 1903
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-Ins
  • Bedrooms: 8
  • Common Walls: Detached/No Common Walls
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Laundry Equipment: Lease
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Gas Or Electric Dryer Hookup, Refrigerator
  • Price Per S Q F T: 580.00

Exterior Features

  • Construction: Wood Siding
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Permanent
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Gated, Side By Side
  • Total Parking: 8

Utilities

  • Water Heater: Gas
  • Cooling: Window Unit(s)
  • Heating: Central
  • Security: Gated
  • Water Heaters: Yes

Condo/Co-op/Association

  • Management Company: Clay Choi
  • Mgmt Co Phone: 2139083392|

Lot Info

  • Assessed Improvement Percent: 27.01
  • Assessed Improvement Value: 377400
  • Assessed Land Percent: 72.99
  • Assessed Land Value: 1020000
  • Total Assessed Value: 1397400
  • Assessor Parcel Number: 5136-020-016
  • Lot Description: Fenced
  • Lot Location: Flats
  • Lot Size Area: 6137

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 76800.00
  • Number Of Units: 8
  • Total Annual Expense: 16000
  • Type Of Units: 8 Studios
  • Vacancy Rate: 2studios

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2025
Closed on
Feb 14, 2025
Sold by
Choi Brian Myong Sok and Choi Family Trust
Bought by
Lnp Everland Inc
Seller's Agent
Clay Choi
Jonghyeok Choi
Buyer's Agent
Clay Choi
Jonghyeok Choi
List Price
$1,450,000
Sold Price
$1,350,000
Premium/Discount to List
-$100,000
-6.9%
Current Estimated Value
$1,440,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,960
Original Mortgage
$945,000
Interest Rate
6.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 29, 2022
Sold by
Lauren Choi
Bought by
Choi Family Trust

Purchase Details

Closed on
Dec 22, 2021
Sold by
Rose 1004 Llc
Bought by
Choi Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,027,500
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 6, 2019
Closed on
Nov 20, 2019
Sold by
Chang Keum Nam
Bought by
Rose 1004 Llc
Seller's Agent
Justin Chu
CIRCA PROPERTIES, INC.
Buyer's Agent
Weon Kang
Bestway Realty
List Price
$998,000
Sold Price
$880,000
Premium/Discount to List
-$118,000
-11.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 6, 2019
Closed on
Oct 15, 2019
Sold by
Tran Chung Dinh and To Debbie
Bought by
Chang Keum Nam
Seller's Agent
Justin Chu
CIRCA PROPERTIES, INC.
Buyer's Agent
Weon Kang
Bestway Realty
List Price
$998,000
Sold Price
$880,000
Premium/Discount to List
-$118,000
-11.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2017
Sold by
Tran Chung Dinh
Bought by
Tran Chung Dinh and To Debbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$493,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2017
Sold by
Hilario Jorge
Bought by
Hilario Josue and Jorge Hilario 2017 Revocable Living Trus

Purchase Details

Listed on
Jan 1, 2017
Closed on
Feb 28, 2017
Sold by
Pmt Npl Financing 2015-1
Bought by
Tran Chung Dinh and To Debbie
Seller's Agent
Steven Senigram
Keller Williams Larchmont
Buyer's Agent
Craig Koendarfer
Keller Williams Realty Los Feliz
List Price
$600,000
Sold Price
$560,000
Premium/Discount to List
-$40,000
-6.67%

Purchase Details

Closed on
Oct 14, 2015
Sold by
Pennymac Holdings Llc
Bought by
Pmt Npl Financing 2015-1

Purchase Details

Closed on
Oct 15, 2014
Sold by
Alvarez Ana
Bought by
Pennymac Holdings Llc

Purchase Details

Closed on
Dec 30, 2003
Sold by
Gonzalez Jorge
Bought by
Alvarez Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,541
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 1998
Sold by
Gonzalez Jorge Alberto
Bought by
Alvarez Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,322
Interest Rate
6.82%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 13, 1997
Sold by
Mendoza Richard M
Bought by
Alvarez Ana

Purchase Details

Closed on
Jul 13, 1996
Sold by
Martinez Hugo
Bought by
Alvarez Ana and Mendoza Richard M

Purchase Details

Closed on
Apr 8, 1996
Sold by
Molina Salvador M
Bought by
Alvarez Ana and Mendoza Richard M

Purchase Details

Closed on
Oct 27, 1993
Sold by
Duran Ruben
Bought by
Molina Salvador M

Purchase Details

Closed on
Aug 3, 1993
Sold by
Federal National Mortgage Association
Bought by
Duran Ruben
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,350,000 Provident Title Company
Gift Deed -- Accommodation/Courtesy Recordi
Grant Deed $1,370,000 Ticor Title
Quit Claim Deed -- None Available
Grant Deed $880,000 Chicago Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Wfg National Title Ins Co
Interfamily Deed Transfer -- None Available
Grant Deed $560,000 Title 365
Quit Claim Deed -- None Available
Trustee Deed $485,000 None Available
Interfamily Deed Transfer -- North American Title Co
Interfamily Deed Transfer -- --
Gift Deed -- --
Gift Deed -- Gateway Title Company
Joint Tenancy Deed $161,000 Benefit Land Title Company
Grant Deed $145,000 Progressive Title Company
Grant Deed $80,000 Orange Coast Title Of Los An
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,220,000 New Conventional
Closed $945,000 Credit Line Revolving
Previous Owner $1,027,500 New Conventional
Previous Owner $130,000 Commercial
Previous Owner $680,000 Commercial
Previous Owner $493,000 New Conventional
Previous Owner $77,422 Credit Line Revolving
Previous Owner $620,000 Negative Amortization
Previous Owner $630,000 Unknown
Previous Owner $630,000 Unknown
Previous Owner $50,000 Stand Alone Second
Previous Owner $495,000 Fannie Mae Freddie Mac
Previous Owner $75,000 Credit Line Revolving
Previous Owner $4,800 Unknown
Previous Owner $362,750 Unknown
Previous Owner $342,000 Unknown
Previous Owner $279,541 New Conventional
Previous Owner $205,000 Unknown
Previous Owner $159,322 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 Sold $1,350,000 -6.9% $540 / Sq Ft
02/20/2025 02/20/25 Pending -- -- --
02/20/2025 02/20/25 Price Changed $1,450,000 0.0% $580 / Sq Ft
02/20/2025 02/20/25 For Sale $1,450,000 +7.4% $580 / Sq Ft
08/16/2024 08/16/24 Off Market $1,350,000 -- --
06/21/2024 06/21/24 Pending -- -- --
05/29/2024 05/29/24 For Sale $1,700,000 +93.2% $680 / Sq Ft
11/15/2019 11/15/19 Sold $880,000 -7.4% $352 / Sq Ft
10/07/2019 10/07/19 Price Changed $950,000 -4.8% $380 / Sq Ft
09/26/2019 09/26/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $998,000 +78.2% $399 / Sq Ft
03/20/2017 03/20/17 Sold $560,000 -6.7% $224 / Sq Ft
01/01/2017 01/01/17 For Sale $600,000 -- $240 / 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 $17,515 $1,453,854 $1,061,208 $392,646
2024 $17,515 $1,425,348 $1,040,400 $384,948
2023 $17,153 $1,397,400 $1,020,000 $377,400
2022 $10,961 $906,897 $680,173 $226,724
2021 $10,818 $889,116 $666,837 $222,279
2020 $10,927 $880,000 $660,000 $220,000
2019 $7,207 $582,624 $353,736 $228,888
2018 $7,120 $571,200 $346,800 $224,400
2017 $6,617 $530,400 $367,200 $163,200
2016 $5,999 $482,243 $335,032 $147,211
2015 $5,913 $475,000 $330,000 $145,000
2014 $3,233 $250,220 $160,755 $89,465
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-397897

The MLS

APN: 5136-020-016