$555,000
SOLD MAY 22, 2015
8 Beds
4 Baths
4,288 Sq Ft
5,945 Sq Ft Lot

Recently Sold

$129 Per Sq Ft

10% Below List Price

152 Days on Market

Highlights

  • Laundry Room
  • Abraham Lincoln High School Rated A
  • More Than Two Accessible Exits

About This Home

As of May 2015

Beautiful 4 units in high demand area. Great for investment and first time buyers. Close to downtown LA , China town, Easy to maintain

Last Agent to Sell the Property

Yue Chang Lei

Pinnacle Real Estate Group License #01883075 Listed on: 10/16/2014

Pinnacle Real Estate Group

Last Buyer's Agent

Jose Casarez

Jose Casarez Realty License #01293392

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,757

Year Built

  • Built in 1913

Lot Details

  • 5,945 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 4,288 Sq Ft Home
  • Window Screens

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 5 Parking Spaces
  • Parking Available

Accessible Home Design

  • More Than Two Accessible Exits

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 20
  • Assessor Parcel Number 5210020028

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,514
  • Water Sewer Expense $3,000
  • New Taxes Expense $4,200
  • Gross Income $3,059
  • Net Operating Income $9,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,757

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 5210020028
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Accessibility Features: 2+ Access Exits
  • Price Per Square Foot: 129.43
  • Window Features: Screens

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Laundry Features: Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5945.00
  • Lot Size Acres: 0.1360

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3059.00
  • Gross Scheduled Income: 3825.00
  • Insurance Expense: 1514.00
  • Lot Size Area: 5945.0000 Square Feet
  • Net Operating Income: 9500.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 9500.00
  • Rent Control: Yes
  • Total Actual Rent: 3825.00

Tax Info

  • New Taxes Expense: 4200.00
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2018
Sold by
Romanesca Investments Group Llc
Bought by
Casarez Jose Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Outstanding Balance
$292,140
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$850,337

Purchase Details

Listed on
Oct 16, 2014
Closed on
May 20, 2015
Sold by
Casarez Jose Luis
Bought by
Romanescu Investment Group Llc
Seller's Agent
Yue Chang Lei
Pinnacle Real Estate Group
Buyer's Agent
Jose Casarez
Jose Casarez Realty
List Price
$620,000
Sold Price
$555,000
Premium/Discount to List
-$65,000
-10.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.36%
Original Mortgage
$333,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 16, 2014
Closed on
May 12, 2015
Sold by
Moy Oi Sau
Bought by
Casarez Jose Luis
Seller's Agent
Yue Chang Lei
Pinnacle Real Estate Group
Buyer's Agent
Jose Casarez
Jose Casarez Realty
List Price
$620,000
Sold Price
$555,000
Premium/Discount to List
-$65,000
-10.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 23, 2013
Sold by
Moy Chung Burn
Bought by
Moy Oi Sau

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 19, 2013
Sold by
Ou Stanley
Bought by
Moy Oi Sau and Lei Wei Qing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 20, 2008
Sold by
Lin Li Yi
Bought by
Lin Li Yi and Li Yi Lin Family Trust

Purchase Details

Closed on
Sep 28, 2003
Sold by
Ou Wei Xiong and Ou Stanley
Bought by
Ou Stanley and Stanley Ou Living Trust

Purchase Details

Closed on
Apr 7, 2003
Sold by
Lin Li Yi
Bought by
Ou Wei Xiong

Purchase Details

Closed on
May 1, 2002
Sold by
Ou Wei Xiong
Bought by
Lin Li Yi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.13%

Purchase Details

Closed on
Apr 3, 2002
Sold by
Chu Quang Vinh and Lin Shu Juan
Bought by
Lin Li Yi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.13%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Fidelity National Title Comp
Grant Deed -- First American Title Company
Grant Deed $555,000 Fatcola
Interfamily Deed Transfer -- Nations Title Company
Grant Deed $350,000 Nations Title Company Of Ca
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- American Coast Title
Interfamily Deed Transfer $255,000 American Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $335,000 New Conventional
Previous Owner $333,000 Adjustable Rate Mortgage/ARM
Previous Owner $175,000 Adjustable Rate Mortgage/ARM
Previous Owner $180,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 For Sale $1,450,000 +161.3% $338 / Sq Ft
05/22/2015 05/22/15 Sold $555,000 -10.5% $129 / Sq Ft
03/17/2015 03/17/15 Pending -- -- --
10/16/2014 10/16/14 For Sale $620,000 -- $145 / 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
2024 $8,757 $676,309 $471,311 $204,998
2023 $8,596 $663,049 $462,070 $200,979
2022 $10,925 $882,988 $530,844 $352,144
2021 $10,775 $865,676 $520,436 $345,240
2019 $7,858 $618,404 $430,956 $187,448
2018 $7,567 $593,269 $422,506 $170,763
2016 $7,119 $563,463 $406,100 $157,363
2015 $8,185 $652,786 $367,192 $285,594
2014 -- $640,000 $360,000 $280,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14222289

California Regional Multiple Listing Service (CRMLS)

APN: 5210-020-028