NOT LISTED FOR SALE

2117 Norwood St Los Angeles, CA 90007

University Park Neighborhood

Estimated Value: $1,089,000 - $1,312,000

5 Beds
3 Baths
2,573 Sq Ft
$457/Sq Ft Est. Value

Last Sold October 19, 2021

Last sale price $950,000 $369 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $7,541/month

11 Days on Market

Highlights

  • Victorian Architecture
  • Tile Flooring
  • 1-Story Property
  • Built-In Features
  • Forced Air Heating System
  • 5-minute walk to Estrella Park

About This Home

As of October 2021

Deadline for Offers is 9/21 at 5PM. Victorian style duplex and single family residence compound featuring three residences provide 2573sf of living area, on a spacious 7412 sf mid block lot. Step to trendy Figueroa corridor and 23rd st dining in prime University Park. Desirably located between DTLA and USC , with newer market rate tenancies to USC students and working professionals , this investment is not to be missed. One 2bed/1ba unit currently occupied by owner, will be delivered vacant! Great value add opportunity to improve asset and raise income, but purchase NOW with an attractive in place cap rate. Priced to sell ! Contact listing agent for interior photos and more lease information. Do not disturb tenants, no showings without presented Buyer Offer, please enquire for more details. Sold Strictly As-IS, no credits.

Last Agent to Sell the Property

Lapchih Fan

LF8 Real Estate Inc. License #01928123 Listed on: 09/16/2021

Co-Listed By

Richard Harris

LF8 Real Estate Inc. License #02056430

Last Buyer's Agent

Lapchih Fan

LF8 Real Estate Inc. License #01928123 Listed on: 09/16/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,357

Year Built

  • Built in 1922

Lot Details

  • 7,412 Sq Ft Lot

Home Design

  • Victorian Architecture
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Fixer Upper

Interior Spaces

  • 2,573 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Oven or Range

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Located Outside
  • Washer

Parking

  • 4 Parking Spaces
  • Carport
  • Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV
  • The owner pays for water
  • Assessor Parcel Number 5124-022-023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,357

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Victorian
  • Street Number Display: Yes
  • Advertising Remarks: Offer Deadline Tuesday 9/21 at 5PM Victorian style duplex and single family residence compound featuring three residences provide 2573sf of living area, on a spacious 7412 sf mid block lot. Step to trendy Figueroa corridor and 23rd st dining in prime University Park. Desirably located between DTLA and USC , with newer market rate tenancies to USC students and working professionals , this investment is not to be missed. One 2bed/1ba unit currently occupied by owner, will be delivered vacant! Great value add opportunity to improve asset and raise income, but purchase NOW with an attractive in place cap rate. Priced to sell ! Contact listing agent for interior photos and more lease information. Do not disturb tenants, no showings without presented Buyer Offer, please enquire for more details.
  • Living Area: 2573
  • Lot Acreage: 0.1702
  • Property Condition: Fixer, Repair Cosmetic, Repairs Major
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Tile
  • Bedrooms: 5
  • Laundry: Outside
  • Total Bathrooms: 3.00
  • Equipment: Washer, Refrigerator, Range/Oven, Built-Ins
  • Price Per S Q F T: 291.49

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport, Driveway
  • Total Parking: 4

Utilities

  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Water Expense: 2532.00

Fee Information

  • Insurance Expense: 735.00
  • Maintenance Expense: 1500.00

Lot Info

  • Assessed Improvement Percent: 12.75
  • Assessed Improvement Value: 31945
  • Assessed Land Percent: 87.25
  • Assessed Land Value: 218682
  • Total Assessed Value: 250627
  • Assessor Parcel Number: 5124-022-023
  • Lot Size Area: 7412

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 9.70
  • Number Of Units: 3
  • Total Annual Expense: 8082
  • Type Of Units: Du
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: I unit

Tax Info

  • Tax Expense: 3315.00
  • Tax Total: 3315.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2022
Sold by
Kefeng Zhang
Bought by
Kf Zhang Living Trust
Current Estimated Value
$1,176,658

Purchase Details

Listed on
Sep 16, 2021
Closed on
Oct 18, 2021
Sold by
Solorzano Cesar and Solorzano Minerva
Bought by
Zhang Kefeng
Seller's Agent
Lapchih Fan
LF8 Real Estate Inc.
Buyer's Agent
Lapchih Fan
LF8 Real Estate Inc.
List Price
$750,000
Sold Price
$950,000
Premium/Discount to List
$200,000
26.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.77%

Purchase Details

Closed on
Oct 24, 2008
Sold by
Solorzano Luis and Solorzano Valeria
Bought by
Solorzano Cesar and Solorzano Minerva
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
Kf Zhang Living Trust -- --
Zhang Kefeng $950,000 Chicago Title Company
Solorzano Cesar -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Solorzano Luis $50,000
Previous Owner Solorzano Luis $141,209
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2021 10/19/21 Sold $950,000 +26.7% $369 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $750,000 -- $291 / 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
2024 $12,357 $988,380 $884,340 $104,040
2023 $12,125 $969,000 $867,000 $102,000
2022 $11,574 $950,000 $850,000 $100,000
2021 $3,290 $253,222 $220,947 $32,275
2020 $3,315 $250,627 $218,682 $31,945
2019 $3,197 $245,714 $214,395 $31,319
2018 $3,067 $240,897 $210,192 $30,705
2016 $2,908 $231,544 $202,031 $29,513
2015 $2,867 $228,067 $198,997 $29,070
2014 $2,895 $223,600 $195,099 $28,501
Source: Public Records

Agents Affiliated with this Home

  • Lapchih Fan

    Seller's Agent in 2021

    Lapchih Fan

    LF8 Real Estate Inc.

    (213) 291-7805

    1 in this area

    21 Total Sales

    Lapchih Fan
    Section Image

  • R

    Seller Co-Listing Agent in 2021

    Richard Harris

    LF8 Real Estate Inc.

    Section Image
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Map

Source: The MLS

MLS Number: 21-782746

The MLS

APN: 5124-022-023

California Los Angeles County Los Angeles 90007 University Park

2117 Norwood St, Los Angeles, CA

This home is located at 2117 Norwood St, Los Angeles, CA 90007 since 16 September 2021 and is currently estimated at $1,176,658, approximately $457 per square foot. This property was built in 1922. 2117 Norwood St is a home located in Los Angeles County with nearby schools including Norwood Street Elementary School, John Adams Middle School, and West Adams Preparatory High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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