NOT LISTED FOR SALE

2224 S Spaulding Ave Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $1,260,000 - $1,749,000

2 Beds
2 Baths
4,306 Sq Ft
$347/Sq Ft Est. Value

Last Sold June 14, 2013

Last sale price $680,000 $158 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $8,725/month

75 Days on Market

Highlights

  • No HOA
  • 4 Attached Carport Spaces
  • 2-minute walk to Genesee Avenue Park
  • Laundry Room
  • Wall Furnace

About This Home

As of June 2013

Culver city/Mid City area of L.A. Rare opportunity to purchase a fully occupied 4-Plex in an excellent commuter location. Situated just north of Interstate 10, near Fairfax ave, Venice Blvd and Washington Blvd. Owner request a 3 month lease back. All units 2 bdrm-2 bath. Quiet neighborhood, local traffic only, Kaiser Permanente Hospital just blocks away.

Last Agent to Sell the Property

Graeme Carr

Coldwell Banker Home Source License #00648584 Listed on: 02/11/2013

Coldwell Banker Home Source

Last Buyer's Agent

Graeme Carr

Coldwell Banker Home Source License #00648584 Listed on: 02/11/2013

Coldwell Banker Home Source

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,418

Year Built

  • Built in 1960

Lot Details

  • 4,974 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Rolled or Hot Mop Roof

Interior Spaces

  • 4,306 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 4 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available

Additional Features

  • Rain Gutters
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 109
  • Tax Tract Number 7129
  • Assessor Parcel Number 5064025013

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • New Taxes Expense $8,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,418

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5064025013
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 157.92

Exterior Features

  • Pool Private: No
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4974.00
  • Lot Size Acres: 0.1140

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1050
  • Insurance Expense: 1500.00
  • Lot Size Area: 4974.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8000.00
  • Tax Lot: 109
  • Tax Tract Number: 7129
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2025
Sold by
Hein Living Trust and Hur Janet
Bought by
Hein Living Trust and Yi
Current Estimated Value
$1,493,601

Purchase Details

Closed on
Jan 31, 2023
Sold by
Yi Sung Wook and Yi Mihwa
Bought by
Hein Living Trust

Purchase Details

Closed on
Jun 17, 2015
Sold by
Yi Mihwa
Bought by
Yi Sung Wook and Yi Mihwa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2013
Sold by
Beachem Kevin William
Bought by
Choi Mihwa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$657,305
Interest Rate
3.32%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 5, 2011
Sold by
Beachem Kevin William and Beachem William Perry
Bought by
Beachem Kevin William

Purchase Details

Closed on
Sep 30, 2009
Sold by
The William Perry Beachem Revocable Livi
Bought by
Beachem Kevin
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
Hein Living Trust -- None Listed On Document
Hein Living Trust -- --
Yi Sung Wook -- Provident Title Company
Choi Mihwa $680,000 Fidelity National Title Co
Beachem Kevin William -- None Available
Beachem Kevin -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yi Sung Wook $645,000
Previous Owner Choi Mihwa $657,305
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2013 06/14/13 Sold $680,000 -99.1% $158 / Sq Ft
04/27/2013 04/27/13 Pending -- -- --
02/11/2013 02/11/13 For Sale $73,500,000 -- $17,069 / 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
2025 $10,418 $837,360 $615,709 $221,651
2024 $10,418 $820,942 $603,637 $217,305
2023 $10,143 $804,846 $591,801 $213,045
2022 $9,685 $789,066 $580,198 $208,868
2021 $9,543 $773,595 $568,822 $204,773
2019 $9,262 $750,651 $551,951 $198,700
2018 $9,159 $735,933 $541,129 $194,804
2016 $8,724 $707,358 $520,117 $187,241
2015 $8,598 $696,734 $512,305 $184,429
2014 -- $683,087 $502,270 $180,817
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2013

    Graeme Carr

    Coldwell Banker Home Source

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV13020975

California Regional Multiple Listing Service (CRMLS)

APN: 5064-025-013

California Los Angeles County Los Angeles 90016 Mid-City

2224 S Spaulding Ave, Los Angeles, CA

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