NOT LISTED FOR SALE

1906 S Palm Grove Ave Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $1,977,988 - $2,177,000

7 Beds
7 Baths
4,326 Sq Ft
$476/Sq Ft Est. Value

Last Sold March 17, 2022

Last sale price $1,950,000 $451 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $12,962/month

15 Days on Market

Highlights

  • Wood Flooring
  • 6 Car Detached Garage
  • Central Heating and Cooling System
  • Spanish Architecture

About This Home

As of March 2022

Searching for a multi-residence property with plenty of investment potential? Take advantage of this rare opportunity to own an upgraded and fully occupied triplex enviably set in a bustling Los Angeles location! Discover three newly remodeled units showcasing beautifully designed interiors for a comfortable and convenient lifestyle. Both main-level homes offer 2 bedrooms and 2 baths while the upper-level residence comes with 3 private retreats, 3 baths, and a balcony overlooking the stunning LA cityscape. Abundant natural light beams through expansive windows across the impressive open-concept layouts that accommodate well-sized gathering areas for entertaining. Recessed lighting accentuates the gleaming wood flooring, plus every kitchen highlights stainless steel appliances and newly installed cabinetry. Each unit comes with centralized A/C and heat, as well as recently purchased in-unit washers/dryers. Explore additional features, including updated plumbing and electrical, tankless water heaters, newly upgraded electrical panels with individual meters, plus security motion-activated lighting. Multiple parking spaces are yours with two detached garages, and there are two separate driveways with automated access. Turn your real estate vision into reality and give us a call today!

Last Agent to Sell the Property

Jelena Pesovic

Equity Union License #02101153 Listed on: 01/13/2022

Equity Union

Co-Listed By

Sunny Narang

Equity Union License #01966332

Last Buyer's Agent

Tiffany Hwang

Redpoint Realty License #02089583

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,971

Year Built

  • Built in 1922

Lot Details

  • 7,417

Home Design

  • Spanish Architecture

Interior Spaces

  • 4,326 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 6 Car Detached Garage
  • Driveway

Additional Features

  • 7,417 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 3 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, trash collection, water, gas
  • Assessor Parcel Number 5061-015-041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,971

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Advertising Remarks: https://www.zillow.com/view-3d-home/254d842a-6697-4c5c-ac9f-ca1c3c04029b?setAttribution=mls&wl=true https://www.zillow.com/view-3d-home/30df3361-3e2e-43e4-a3f3-a0cae609ca6f?setAttribution=mls&wl=true
  • Living Area: 4326
  • Lot Acreage: 0.1703
  • Stories: 2
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 7
  • Total Bathrooms: 7.00
  • Equipment: Dryer, Dishwasher, Electric Dryer Hookup, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 450.76

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Detached, Driveway
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Electric Expense: 2193.00
  • Heating: Central
  • Sewer: On Site

Fee Information

  • Insurance Expense: 3366.00
  • Maintenance Expense: 1416.00

Lot Info

  • Assessed Improvement Percent: 25.47
  • Assessed Improvement Value: 414247
  • Assessed Land Percent: 74.53
  • Assessed Land Value: 1212432
  • Total Assessed Value: 1626679
  • Assessor Parcel Number: 5061-015-041
  • Lot Size Area: 7417

Rental Info

  • Tenant Pays: Electricity, Trash Collection, Water, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 5.24
  • Number Of Units: 3
  • Type Of Units: Residental

Tax Info

  • Tax Expense: 20124.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2022
Closed on
Feb 3, 2022
Sold by
Potomac Partners Llc
Bought by
Kim Kyungae
Seller's Agent
Jelena Pesovic
Equity Union
Buyer's Agent
Tiffany Hwang
Redpoint Realty
List Price
$1,950,000
Sold Price
$1,950,000
Current Estimated Value
$2,060,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,497
Avg. Annual Appreciation
1.50%
Original Mortgage
$1,365,000
Outstanding Balance
$1,267,506
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$792,991

Purchase Details

Closed on
May 8, 2019
Sold by
Metratron La 2Nd Group Llc
Bought by
Potomac Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 15, 2017
Closed on
Oct 13, 2017
Sold by
Kislev Holdings Llc
Bought by
Metatron La 2Nd Group Llc
Seller's Agent
Arvin Haddad
The Agency
Buyer's Agent
Grant Linscott
Keller Williams Realty Los Feliz
List Price
$400,000
Sold Price
$660,000
Premium/Discount to List
$260,000
65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.19%
Original Mortgage
$700,000
Interest Rate
3.85%

Purchase Details

Listed on
Dec 6, 2016
Closed on
Jan 10, 2017
Sold by
England Judith
Bought by
Kislev Holdings Llc
Seller's Agent
Tia Hughes
Coldwell Banker Realty
Buyer's Agent
Tia Hughes
Coldwell Banker Realty
List Price
$399,000
Sold Price
$485,000
Premium/Discount to List
$86,000
21.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.98%
Original Mortgage
$388,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2004
Sold by
Morgan Thelma
Bought by
England Judith

Purchase Details

Closed on
Aug 1, 2003
Sold by
England Judith
Bought by
England Judith
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kim Kyungae $1,950,000 Lawyers Title
Potomac Partners Llc $1,610,000 Stewart Title
Metatron La 2Nd Group Llc $660,000 Chicago Title Company
Kislev Holdings Llc -- Progressive Title Company
England Judith -- --
England Judith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Kyungae $1,365,000
Previous Owner Potomac Partners Llc $960,000
Previous Owner Metatron La 2Nd Group Llc $700,000
Previous Owner Kislev Holdings Llc $388,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/17/2022 03/17/22 Sold $1,950,000 0.0% $451 / Sq Ft
01/28/2022 01/28/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $1,950,000 +21.1% $451 / Sq Ft
08/14/2019 08/14/19 Sold $1,610,000 -0.6% $366 / Sq Ft View Prior Sale
04/12/2019 04/12/19 Price Changed $1,619,000 -3.0% $368 / Sq Ft
02/21/2019 02/21/19 For Sale $1,669,000 +152.9% $379 / Sq Ft
11/08/2017 11/08/17 Sold $660,000 +65.0% $295 / Sq Ft View Prior Sale
09/15/2017 09/15/17 For Sale $400,000 -17.5% $179 / Sq Ft
01/19/2017 01/19/17 Sold $485,000 +21.6% $217 / Sq Ft View Prior Sale
12/09/2016 12/09/16 Pending -- -- --
12/06/2016 12/06/16 For Sale $399,000 -- $179 / 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 $24,971 $2,069,355 $1,379,570 $689,785
2024 $24,971 $2,028,780 $1,352,520 $676,260
2023 $24,492 $1,989,000 $1,326,000 $663,000
2022 $19,970 $1,659,211 $1,236,680 $422,531
2021 $19,713 $1,626,679 $1,212,432 $414,247
2019 $8,329 $673,200 $510,000 $163,200
2018 $8,185 $660,000 $500,000 $160,000
2017 $1 $600,511 $480,413 $120,098
2016 $7,274 $588,738 $470,994 $117,744
2015 $7,170 $579,896 $463,920 $115,976
2014 $7,205 $568,538 $454,833 $113,705
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jelena Pesovic

    Equity Union

    Section Image

  • S

    Seller Co-Listing Agent in 2022

    Sunny Narang

    Equity Union

    Section Image
  • Tiffany Hwang

    Buyer's Agent in 2022

    Tiffany Hwang

    Redpoint Realty

    (213) 210-4500

    1 in this area

    26 Total Sales

    Tiffany Hwang
    Section Image
  • Cory Holtzman

    Seller's Agent in 2019

    Cory Holtzman

    Exel Properties

    (310) 990-9766

    27 Total Sales

    Cory Holtzman
    Section Image
  • Anh Tran

    Buyer's Agent in 2019

    Anh Tran

    Keller Williams Larchmont

    (310) 430-1333

    48 Total Sales

    Anh Tran
    Section Image
  • Arvin Haddad

    Seller's Agent in 2017

    Arvin Haddad

    The Agency

    (310) 909-6434

    12 Total Sales

    Arvin Haddad
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-118365

The MLS

APN: 5061-015-041

California Los Angeles County Los Angeles 90016 Mid-City

1906 S Palm Grove Ave, Los Angeles, CA

Not Listed for Sale

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