NOT LISTED FOR SALE

1880 S Rimpau Blvd Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,266,000 - $1,946,000

4 Beds
2 Baths
3,950 Sq Ft
$396/Sq Ft Est. Value

Last Sold June 22, 2016

Last sale price $971,000 $246 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $9,438/month

87 Days on Market

Highlights

  • Fireplace in Kitchen
  • Laundry Room
  • Central Heating and Cooling System
  • No HOA

About This Home

As of June 2016

***BACK ON THE MARKET***BUYER DID NOT PERFORM***
4 units. 2bed 1 bath each unit. This is your opportunity this is your time, don't think just do it or some one else will reap the benefits of this property. The property features NEWER drainage, plumbing, electrical (5 meters that includes house account), recess lighting thought out all units, floors, double pane windows, roof, garbage disposals, granite counter tops, kitchen cabinets, 4 separate central heat and air for each unit. Total rents for the building is $5,800 per month (2 at 1,400 and 2 at 1,500) Principals/Buyers are welcome.

Last Agent to Sell the Property

Larry Hughes

Larry Hughes, Broker License #01487068 Listed on: 01/28/2016

Last Buyer's Agent

Brian Jung

BJ Realty License #01946975

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,135

Year Built

  • Built in 1922

Lot Details

  • 6,298 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 6 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 3,950 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 3 / 1
  • Tax Tract Number 2182
  • Assessor Parcel Number 5071025002

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $200
  • Gross Income $5,800
  • Net Operating Income $5,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,135

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: All appliances
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5071025002
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Fireplace Features: Kitchen, Living Room
  • Levels: Two
  • Price Per Square Foot: 245.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Common Area, Dryer Included, Washer Hookup, Washer Included
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6298.00
  • Price Per Lot Square Foot: 154.18
  • Lot Size Acres: 0.1450

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 5800.00
  • Gross Scheduled Income: 5800.00
  • Insurance Expense: 200.00
  • Lot Size Area: 6298.0000 Square Feet
  • Net Operating Income: 5800.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Rent Control: Yes
  • Total Actual Rent: 5800.00

Tax Info

  • Tax Block: 1
  • Tax Lot: 3
  • Tax Tract Number: 2182.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2016
Closed on
Apr 28, 2016
Sold by
Rice Otholean W and Wilson Cannon Sandra
Bought by
Seo Dong Jin and Seo Keum Ja
Seller's Agent
Larry Hughes
Larry Hughes, Broker
Buyer's Agent
Brian Jung
BJ Realty
List Price
$960,000
Sold Price
$971,000
Premium/Discount to List
$11,000
1.15%
Current Estimated Value
$1,564,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$593,131
Avg. Annual Appreciation
5.19%
Original Mortgage
$650,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2015
Sold by
Rice Otholean W
Bought by
Rice Otholean W and Wilson Cannon Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$557,900
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2015
Sold by
Rice Otholean W and Wilson Canon Sandra
Bought by
Rice Otholean W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$557,900
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 19, 2013
Closed on
Oct 11, 2013
Sold by
Rice Otholean W
Bought by
Rice Otholean W and Wilson Canon Sandra
Seller's Agent
Larry Hughes
Larry Hughes, Broker
Buyer's Agent
Larry Hughes
Larry Hughes, Broker
List Price
$725,000
Sold Price
$725,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%
Original Mortgage
$543,750
Interest Rate
4.49%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 19, 2013
Closed on
Aug 19, 2013
Sold by
Es Ty Properties Llc
Bought by
Rice Ortholean W
Seller's Agent
Larry Hughes
Larry Hughes, Broker
Buyer's Agent
Larry Hughes
Larry Hughes, Broker
List Price
$725,000
Sold Price
$725,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Interest Rate
4.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2012
Sold by
Lacy Tyrei
Bought by
Us Bank National Association

Purchase Details

Closed on
May 10, 2005
Sold by
Es Ty Properties Llc
Bought by
Lacy Tyrei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.64%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 29, 2004
Sold by
King Lori
Bought by
Es Ty Properties Llc

Purchase Details

Closed on
Aug 10, 2000
Sold by
Development Secretary Of Housing And Urban
Bought by
King Lori and Green Terence

Purchase Details

Closed on
Sep 4, 1997
Sold by
Ramirez Jose A and Soto Rodolfo
Bought by
Crossland Mtg Corp

Purchase Details

Closed on
May 20, 1997
Sold by
Crossland Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Aug 5, 1996
Sold by
Smith Nelson M
Bought by
Ramirez Jose A and Soto Rodolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,100
Interest Rate
7.95%
Mortgage Type
FHA
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
Seo Dong Jin $971,000 North American Title Company
Rice Otholean W -- North American Title Company
Rice Otholean W -- North American Title Company
Rice Otholean W -- None Available
Rice Ortholean W $725,000 Fidelity National Title Co
Us Bank National Association $525,000 Accommodation
Lacy Tyrei -- Fidelity National Title
Es Ty Properties Llc $130,000 Landamerica Southland Title
King Lori -- Landamerica Southland Title
King Lori $77,000 United Title Company
Green Terence -- United Title Company
Crossland Mtg Corp $245,923 Stewart Title
Hud -- --
Ramirez Jose A $211,000 American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seo Dong Jin $650,000
Previous Owner Rice Otholean W $557,900
Previous Owner Rice Ortholean W $543,750
Previous Owner Lacy Tyrei $500,000
Previous Owner Ramirez Jose A $228,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/22/2016 06/22/16 Sold $971,000 +1.1% $246 / Sq Ft
04/24/2016 04/24/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $960,000 +32.4% $243 / Sq Ft
10/09/2013 10/09/13 Sold $725,000 0.0% $182 / Sq Ft View Prior Sale
08/04/2013 08/04/13 Pending -- -- --
07/19/2013 07/19/13 For Sale $725,000 -- $182 / 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 $14,135 $1,149,459 $793,140 $356,319
2024 $14,135 $1,126,922 $777,589 $349,333
2023 $13,871 $1,104,827 $762,343 $342,484
2022 $13,240 $1,083,165 $747,396 $335,769
2021 $13,062 $1,061,928 $732,742 $329,186
2019 $12,679 $1,030,432 $711,009 $319,423
2018 $12,540 $1,010,228 $697,068 $313,160
2016 $9,346 $750,761 $543,655 $207,106
2015 $9,213 $739,485 $535,489 $203,996
2014 $9,266 $725,000 $525,000 $200,000
Source: Public Records

Agents Affiliated with this Home

  • Larry Hughes

    Seller's Agent in 2016

    Larry Hughes

    Larry Hughes, Broker

    (323) 228-2736

    4 Total Sales

    Larry Hughes
    Section Image

  • B

    Buyer's Agent in 2016

    Brian Jung

    BJ Realty

    (949) 382-1413

    33 Total Sales

    Brian Jung
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16018437

California Regional Multiple Listing Service (CRMLS)

APN: 5071-025-002

California Los Angeles County Los Angeles 90019 Mid-City

1880 S Rimpau Blvd, Los Angeles, CA

Not Listed for Sale

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