Seller's Agent in 2023
Ariadna Cardenas
Synergy Real Estate
(323) 600-5251
1 in this area
29 Total Sales
217 E Adams Blvd Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated Value: $751,000 - $846,000
4
Beds
3
Baths
3,692
Sq Ft
$215/Sq Ft
Est. Value
About This Home
As of September 2023USC IS ONLY 7 MINUTES AWAY!!! Take advantage of this great opportunity of owning an investment in the booming downtown Los Angeles area. In addition to being within walking distance of the Metro Line Station, these units have very easy access to the 110 and 10 Freeway. All units have been fully leased out with long term tenants. The owner has replaced all plumbing, drains, sewer, and water lines and each unit now has its own water, electrical, and gas meter. Very low maintenance is needed to own this wonderful investment. These 4 units are conveniently located near the LA Memorial Coliseum, Staples Center, LA FC Stadium, LA Convention Center, Exposition Park, LAX, Fashion District, California Science Center, the Natural History Museum and so much more! ***Very low expenses, Tenants pay for it's own Water, electric, gas, trash and sewer bill***
Last Agent to Sell the Property
Synergy Real Estate License #01781010 Listed on: 06/22/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,354
Year Built
- Built in 1903
Lot Details
- 7,447 Sq Ft Lot
- Two or More Common Walls
- Back and Front Yard
Home Design
- Quadruplex
Interior Spaces
- 4 Bedrooms
- 3,692 Sq Ft Home
- 2-Story Property
- Laundry Room
Additional Features
- Exterior Lighting
- Septic Type Unknown
Listing and Financial Details
- Tenant pays for all utilities, electricity, gas, sewer, trash collection, water
- Tax Lot 18
- Tax Tract Number 18
- Assessor Parcel Number 5127036010
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $2,000
- Maintenance Expense $400
- New Taxes Expense $5,500
- Operating Expense $7,900
- Gross Income $37,244
- Net Operating Income $37,244
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 22, 2023
Closed on
Aug 14, 2023
Sold by
I Love La 2020 Trust
Bought by
Dutt Shivani
Seller's Agent
Ariadna Cardenas
Synergy Real Estate
Buyer's Agent
Ariadna Cardenas
Synergy Real Estate
List Price
$700,000
Sold Price
$725,000
Premium/Discount to List
$25,000
3.57%
Views
70
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,759
Avg. Annual Appreciation
3.18%
Original Mortgage
$507,500
Outstanding Balance
$497,099
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$273,557
Purchase Details
Closed on
Jun 3, 2020
Sold by
Cota Carlos
Bought by
Cota Carlos and Love L A 2020 Trust
Purchase Details
Listed on
Jun 11, 2015
Closed on
Oct 14, 2015
Sold by
Liao Hsiu Yu
Bought by
Cota Carlos
Seller's Agent
Ariadna Cardenas
Synergy Real Estate
Buyer's Agent
Laura Walker
Dilbeck Real Estate
List Price
$718,000
Sold Price
$435,000
Premium/Discount to List
-$283,000
-39.42%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.99%
Purchase Details
Listed on
Dec 27, 2012
Closed on
Jan 2, 2013
Sold by
Elmore Michael
Bought by
Liao Hsiu Yu
Seller's Agent
Bret Lewis
Bret Lewis, Broker
Buyer's Agent
Bret Lewis
Bret Lewis, Broker
List Price
$349,000
Sold Price
$350,000
Premium/Discount to List
$1,000
0.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%
Original Mortgage
$125,000
Interest Rate
3.35%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Dec 27, 2012
Closed on
Dec 12, 2012
Sold by
Barnjas Lorenzo T and Barajas Maria Dolores
Bought by
Elmore Michael
Seller's Agent
Bret Lewis
Bret Lewis, Broker
Buyer's Agent
Bret Lewis
Bret Lewis, Broker
List Price
$349,000
Sold Price
$350,000
Premium/Discount to List
$1,000
0.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
3.35%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dutt Shivani | $725,000 | Chicago Title Company | |
| Cota Carlos | -- | None Available | |
| Cota Carlos | $435,000 | Chicago Title Company | |
| Liao Hsiu Yu | $350,000 | Title 365 | |
| Liao Hsiu Yu | -- | Title 365 | |
| Elmore Michael | $207,002 | Title 365 |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dutt Shivani | $507,500 | |
| Previous Owner | Cota Carlos | $150,000 | |
| Previous Owner | Elmore Michael | $125,000 | |
| Previous Owner | Barajas Lorenzo T | $431,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/15/2023 09/15/23 | Sold | $725,000 | +3.6% | $196 / Sq Ft |
| 08/08/2023 08/08/23 | Pending | -- | -- | -- |
| 06/28/2023 06/28/23 | For Sale | $700,000 | -3.4% | $190 / Sq Ft |
| 06/23/2023 06/23/23 | Off Market | $725,000 | -- | -- |
| 06/22/2023 06/22/23 | For Sale | $700,000 | +60.9% | $190 / Sq Ft |
| 10/29/2015 10/29/15 | Sold | $435,000 | -39.4% | $118 / Sq Ft |
| 09/25/2015 09/25/15 | Pending | -- | -- | -- |
| 06/11/2015 06/11/15 | For Sale | $718,000 | +105.1% | $194 / Sq Ft |
| 01/16/2013 01/16/13 | Sold | $350,000 | +0.3% | $95 / Sq Ft |
| 12/29/2012 12/29/12 | Pending | -- | -- | -- |
| 12/27/2012 12/27/12 | For Sale | $349,000 | +68.6% | $95 / Sq Ft |
| 12/14/2012 12/14/12 | Sold | $207,000 | +38.0% | $56 / Sq Ft |
| 11/15/2012 11/15/12 | Pending | -- | -- | -- |
| 07/13/2012 07/13/12 | For Sale | $150,000 | -- | $41 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,354 | $739,500 | $612,000 | $127,500 |
| 2024 | $9,354 | $725,000 | $600,000 | $125,000 |
| 2023 | $6,593 | $494,952 | $284,456 | $210,496 |
| 2022 | $6,304 | $485,248 | $278,879 | $206,369 |
| 2021 | $6,211 | $475,734 | $273,411 | $202,323 |
| 2020 | $6,266 | $470,857 | $270,608 | $200,249 |
| 2019 | $6,036 | $461,625 | $265,302 | $196,323 |
| 2018 | $5,904 | $452,574 | $260,100 | $192,474 |
| 2016 | $5,617 | $435,000 | $250,000 | $185,000 |
| 2015 | $4,707 | $358,613 | $204,922 | $153,691 |
| 2014 | $4,740 | $351,589 | $200,908 | $150,681 |
Source: Public Records
Agents Affiliated with this Home
-
Ariadna Cardenas
-
L
Buyer's Agent in 2015
Laura Walker
Dilbeck Real Estate
-
Bret Lewis
B
Seller's Agent in 2013
Bret Lewis
Bret Lewis, Broker
(562) 726-2515
60 Total Sales
-
G
Seller's Agent in 2012
Giovanni Aurichiella
F.A.I.R. Plan Inc.
-
O
Buyer's Agent in 2012
Out of Area Out of Area
Out of Area
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW23111847
APN: 5127-036-010
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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