NOT LISTED FOR SALE

2215 Crenshaw Blvd Unit 2 Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $1,231,000 - $2,120,422

8 Beds
6 Baths
2,741 Sq Ft
$603/Sq Ft Est. Value

Last Sold June 03, 2016

Last sale price $830,000 $303 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $9,844/month

54 Days on Market

Highlights

  • Fireplace
  • 4 Car Attached Garage
  • Air Conditioning

About This Home

As of June 2016

You must take a look at it. If you are looking for two or three unit income property near korea town area fully reconstructed, look no future. It's located in R-3 zone, which allow developers to build much lager unit apartment building, Potential site for new development, if so desires. Great Income and a high rent demand area. This property has been totally remodeled with many upgrades including new laminate floors, new electrical wires, new copper plumbing, new windows, walls, bathrooms and kitchen. Just south of Koreatown along Crenshaw Blvd. There is a entertainment room with 2bed/1bath in the back of the duplex, not included in the total square foot. The property is gated with ample parking. Current tenants are long term residents producing stable rental income for the owner.

Last Agent to Sell the Property

Peter Paik, CCIM

Epique Realty License #01080324 Listed on: 02/25/2016

Epique Realty

Co-Listed By

Grace Hwang

Lifetime Realty, Inc License #01997643

Last Buyer's Agent

Grace Hwang

Lifetime Realty, Inc License #01997643

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,558

Year Built

  • Built in 1910

Lot Details

  • 7,179

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 2,741 Sq Ft Home
  • 2-Story Property
  • Fireplace

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • 7,179 Sq Ft Lot
  • Air Conditioning

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5061-021-034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,558

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2741
  • Stories: 2
  • Year Built: 1910
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 6.00
  • Equipment: Dryer, Washer
  • Price Per S Q F T: 313.72

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Attached
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning
  • Heating: Fireplace

Lot Info

  • Assessed Improvement Value: 109157
  • Assessed Land Value: 330033
  • Assessor Parcel Number: 5061-021-034
  • Geocode Override: No
  • Lot Size Area: 7179

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.00
  • Number Of Units: 2
  • Type Of Units: duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2016
Closed on
Apr 18, 2016
Sold by
Chang Ji C
Bought by
Park Joon Woo and Park In Hwa
Seller's Agent
Peter Paik, CCIM
Epique Realty
Buyer's Agent
Grace Hwang
Lifetime Realty, Inc
List Price
$859,900
Sold Price
$830,000
Premium/Discount to List
-$29,900
-3.48%
Current Estimated Value
$1,653,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$823,356
Avg. Annual Appreciation
7.55%
Original Mortgage
$562,000
Outstanding Balance
$443,931
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$1,209,425

Purchase Details

Closed on
Feb 16, 2011
Sold by
Hu Moon Young
Bought by
Chang Ji C

Purchase Details

Closed on
Jan 25, 2011
Sold by
Bv Housing Partners Llc
Bought by
Chang Ji C

Purchase Details

Closed on
Apr 8, 2010
Sold by
Small Joyce
Bought by
Bv Housing Partners
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Park Joon Woo $835,000 None Available
Chang Ji C -- First American Title Company
Chang Ji C $387,000 Fatcola-Resale
Bv Housing Partners $320,000 Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Joon Woo $562,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2016 06/03/16 Sold $830,000 -3.5% $303 / Sq Ft
04/19/2016 04/19/16 Pending -- -- --
02/25/2016 02/25/16 For Sale $859,900 -- $314 / 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 $13,558 $988,465 $686,600 $301,865
2024 $13,558 $969,085 $673,138 $295,947
2023 $13,331 $950,085 $659,940 $290,145
2022 $12,768 $931,456 $647,000 $284,456
2021 $12,468 $913,193 $634,314 $278,879
2020 $12,559 $903,830 $627,810 $276,020
2019 $12,118 $886,108 $615,500 $270,608
2018 $11,921 $868,734 $603,432 $265,302
2016 $6,504 $445,887 $335,066 $110,821
2015 $6,425 $439,190 $330,033 $109,157
2014 $6,456 $430,588 $323,569 $107,019
Source: Public Records

Agents Affiliated with this Home

  • Peter Paik, CCIM

    Seller's Agent in 2016

    Peter Paik, CCIM

    Epique Realty

    (213) 923-0227

    8 Total Sales

    Peter Paik, CCIM
    Section Image

  • G

    Seller Co-Listing Agent in 2016

    Grace Hwang

    Lifetime Realty, Inc

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Map

Source: The MLS

MLS Number: 16-100118

The MLS

APN: 5061-021-034

California Los Angeles County Los Angeles 90016 Mid-City

2215 Crenshaw Blvd Unit 2, Los Angeles, CA

Not Listed for Sale

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