NOT LISTED FOR SALE

1956 S Corning St Los Angeles, CA 90034

Mid-City Neighborhood

Estimated Value: $1,511,000 - $2,068,000

8 Beds
4 Baths
3,077 Sq Ft
$601/Sq Ft Est. Value

Last Sold September 20, 2019

Last sale price $1,435,800 $467 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $11,259/month

21 Days on Market

About This Home

As of September 2019

Drive by only. Please do not disturb tenants. Inspection with accepted offer. Property sold As Is. Laundry hook up in each unit. Separate one car covered garage for each unit with alley access.

Last Agent to Sell the Property

Mary Wall

Gold Star Realty - Encino License #00997459 Listed on: 07/05/2019

Last Buyer's Agent

Mary Wall

Gold Star Realty - Encino License #00997459 Listed on: 07/05/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,953

Year Built

  • Built in 1929

Lot Details

  • 6,298

Parking

  • 4 Car Attached Garage

Home Design

  • 3,077 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Oven or Range
  • 6,298 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4302-029-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,953

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3077
  • Year Built: 1929
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 480.99

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Garage Is Detached
  • Total Parking: 4

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 165379
  • Assessed Land Value: 563526
  • Assessor Parcel Number: 4302-029-017
  • Geocode Override: No
  • Lot Size Area: 6298

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 19.32
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2019
Closed on
Sep 17, 2019
Sold by
Transnational Investment Group Llc
Bought by
1958 S Corning Llc
Seller's Agent
Mary Wall
Gold Star Realty - Encino
Buyer's Agent
Mary Wall
Gold Star Realty - Encino
List Price
$14,800,000
Sold Price
$1,435,800
Premium/Discount to List
-$13,364,200
-90.3%
Current Estimated Value
$1,849,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$413,616
Avg. Annual Appreciation
4.23%

Purchase Details

Closed on
May 28, 2015
Sold by
Yu Lily C
Bought by
Transnational Investment Group Llc

Purchase Details

Closed on
Feb 27, 2013
Sold by
Transnational Investment Group Llc
Bought by
Yu Lily C

Purchase Details

Closed on
Apr 7, 2007
Sold by
Yu Lily
Bought by
Transnational Investment Group Llc

Purchase Details

Closed on
Dec 3, 2003
Sold by
Kim Spencer H and Kim Nancy H
Bought by
Yu Lily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2003
Sold by
Kim Nancy H
Bought by
Kim Spencer H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.6%

Purchase Details

Closed on
Apr 15, 2003
Sold by
Kim Spencer H
Bought by
Kim Nancy H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.6%

Purchase Details

Closed on
Feb 21, 2003
Sold by
Kim Spencer H and Kim Nancy H
Bought by
Kim Nancy H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.6%

Purchase Details

Closed on
Jun 21, 2002
Sold by
Kim Nancy H and Kim Spencer H
Bought by
Kim Spencer H

Purchase Details

Closed on
Feb 23, 2001
Sold by
Franklin Credit
Bought by
Kim Nancy H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.79%

Purchase Details

Closed on
Feb 16, 2001
Sold by
Kim Spencer H
Bought by
Kim Nancy H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.79%

Purchase Details

Closed on
Feb 16, 2000
Sold by
Jovel Maria
Bought by
Contimortgage Corp

Purchase Details

Closed on
Dec 28, 1999
Sold by
Jovel Maria
Bought by
Hernandez Victor

Purchase Details

Closed on
Feb 22, 1999
Sold by
Borhani Farzad G and Borhani Farzad
Bought by
Jovel Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
9.25%

Purchase Details

Closed on
Jan 23, 1998
Sold by
Nourouzi Modjtaba
Bought by
Borhani Farzad

Purchase Details

Closed on
Aug 15, 1996
Sold by
Nourouzi Modjtaba
Bought by
Nourouzi Modjtaba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.23%

Purchase Details

Closed on
May 5, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Nourouzi Madjtaba

Purchase Details

Closed on
Feb 13, 1995
Sold by
Stern Alan and Stern Lisa
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Sep 21, 1994
Sold by
Stern Alan E and Stern Lisa
Bought by
Lomas Mtg Us
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
1958 S Corning Llc $1,436,000 Equity Title
Transnational Investment Group Llc -- None Available
Yu Lily C -- None Available
Transnational Investment Group Llc -- None Available
Yu Lily $595,000 Chicago Title Co
Kim Spencer H -- Chicago Title Co
Kim Nancy H -- Chicago Title Co
Kim Nancy H -- Chicago Title Co
Kim Spencer H -- --
Kim Nancy H $250,000 Chicago Title Co
Kim Nancy H -- Chicago Title Co
Contimortgage Corp $290,000 Stewart Title
Hernandez Victor -- --
Jovel Maria $350,000 Chicago Title
Borhani Farzad -- --
Nourouzi Modjtaba -- Chicago Title
Nourouzi Madjtaba $73,000 First American Title Co
Federal Home Loan Mortgage Corporation $118,297 First Southwestern Title
Lomas Mtg Us -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yu Lily $476,000
Previous Owner Kim Nancy H $200,000
Previous Owner Kim Nancy H $200,000
Previous Owner Jovel Maria $297,500
Previous Owner Nourouzi Modjtaba $160,000
Closed Yu Lily $59,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2019 09/20/19 Sold $1,435,800 -90.3% $467 / Sq Ft
07/26/2019 07/26/19 Pending -- -- --
07/05/2019 07/05/19 For Sale $14,800,000 -- $4,810 / 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 $18,953 $1,570,472 $1,093,645 $476,827
2024 $18,953 $1,539,679 $1,072,201 $467,478
2023 $18,590 $1,509,490 $1,051,178 $458,312
2022 $17,731 $1,479,893 $1,030,567 $449,326
2021 $17,507 $1,450,876 $1,010,360 $440,516
2019 $9,358 $758,350 $586,291 $172,059
2018 $9,286 $743,482 $574,796 $168,686
2016 $8,865 $714,614 $552,477 $162,137
2015 $8,738 $703,881 $544,179 $159,702
2014 $8,790 $690,094 $533,520 $156,574
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Mary Wall

    Gold Star Realty - Encino

See All Agents

Map

Source: The MLS

MLS Number: 19-485428

The MLS

APN: 4302-029-017

California Los Angeles County Los Angeles 90034 Mid-City

1956 S Corning St, Los Angeles, CA

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