Seller's Agent in 2017
Arnold Ver
KINGSTON REALTY
(626) 905-0919
4 Total Sales
223 N St Louis St Los Angeles, CA 90033
Boyle Heights NeighborhoodEstimated Value: $815,000 - $2,475,934
12
Beds
8
Baths
5,000
Sq Ft
$344/Sq Ft
Est. Value
Highlights
- Newly Remodeled
- Open Floorplan
- Property is near public transit
- Felicitas and Gonzalo Mendez High Rated A-
- Contemporary Architecture
- Wood Flooring
About This Home
As of January 2017This is an amazing brand new construction project just rented out. Only a few yards across the police station and in the heart of Boyle Heights, it is only 10 min. to the Arts District and to DTLA. Very close to stores, main streets, schools and convenient access to the 5, 10 and 60 FWY, this 4 unit complex gives your tenants condo-style living. There are 2 separate duplexes each with upper and lower level units complete with the modern luxury. The units have expansive open floor plans where the living room, dining and gourmet kitchen flow seamlessly. The vaulted ceilings and skylights are congruent with that open vast feel. The spacious master bedrooms have master bath with great finishes! The kitchen is one for entertainers with classic quartz counter tops, stainless steel appliance line in each unit and plenty of cabinet space. All units are 3bd 2ba, 1248 sq. ft. furnished with refrigerators, washers/dryers and 2 parking spaces for each. This is perfect for an investor looking for a sound investment in a hot area. All utilities have separate meters for electric, gas and water, and maintenance/repairs at very minimum. Upper units now rented for $2800/unit, lower for $2600/unit. Very attractive CAP Rate of 5.7 and GRM of 12.3 CHECK OUT THE PHOTOS, DRIVE-BY SHOWING, offer subject to interior inspection.
Last Buyer's Agent
Thomas Chung
Masters Realty & Investment License #01775119
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,897
Year Built
- Built in 2016 | Newly Remodeled
Lot Details
- 7,158 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Block Wall Fence
- Paved or Partially Paved Lot
Home Design
- Contemporary Architecture
- Quadruplex
- Composition Roof
Interior Spaces
- 5,000 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Recessed Lighting
- Double Pane Windows
- Living Room
- Living Room Balcony
- Wood Flooring
- Neighborhood Views
Kitchen
- Gas Oven
- Free-Standing Range
- Range Hood
- Dishwasher
- Tile Countertops
- Disposal
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Alarm System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Parking Available
- Assigned Parking
Outdoor Features
- Exterior Lighting
Location
- Property is near public transit
- Urban Location
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
Listing and Financial Details
- Tenant pays for all utilities, electricity, gas, sewer, trash collection, water
- Tax Lot 6
- Assessor Parcel Number 5183007022
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- New Taxes Expense $20,000
- Operating Expense $38,144
- Gross Income $129,600
- Net Operating Income $111,456
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 12, 2016
Closed on
Jan 18, 2017
Sold by
Joun Di H
Bought by
Tan Tsai Hua
Seller's Agent
Arnold Ver
KINGSTON REALTY
Buyer's Agent
Thomas Chung
Masters Realty & Investment
List Price
$1,599,995
Sold Price
$1,550,000
Premium/Discount to List
-$49,995
-3.12%
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
$170,984
Avg. Annual Appreciation
1.21%
Original Mortgage
$1,085,000
Interest Rate
4.16%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 12, 2016
Closed on
Dec 12, 2016
Sold by
223 St Louis Llc
Bought by
Tan Tsai Hua and Tan Geoffrey M
Seller's Agent
Arnold Ver
KINGSTON REALTY
Buyer's Agent
Thomas Chung
Masters Realty & Investment
List Price
$1,599,995
Sold Price
$1,550,000
Premium/Discount to List
-$49,995
-3.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,085,000
Interest Rate
4.16%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 27, 2015
Sold by
Merriman Parkway Inc
Bought by
223 St Louis Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$686,000
Interest Rate
3.98%
Mortgage Type
Construction
Purchase Details
Closed on
Nov 3, 2014
Sold by
Franco Lesvia Noemi
Bought by
Merriman Parkway Inc
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
4.17%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 2, 2014
Sold by
Avila Ariel
Bought by
Franco Lesvia Noemi
Purchase Details
Listed on
Nov 29, 2012
Closed on
Feb 5, 2013
Sold by
Vasquez Caridad
Bought by
Avila Ariel
Seller's Agent
Fina Encinas
Berkshire Hathaway H.S.C.P.
Buyer's Agent
Fina Encinas
Berkshire Hathaway H.S.C.P.
List Price
$175,000
Sold Price
$193,000
Premium/Discount to List
$18,000
10.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.85%
Original Mortgage
$149,600
Interest Rate
3.32%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 5, 2004
Sold by
Perez Jonas
Bought by
Vasquez Caridad
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 10, 2002
Sold by
Alonso Fatima M
Bought by
Perez Jonas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,865
Interest Rate
6.69%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 16, 2002
Sold by
Siegel Jeffrey and Estate Of Arnold Furst
Bought by
Gillardo Mauricio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
7.04%
Mortgage Type
Stand Alone First
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 |
|---|---|---|---|
| Tan Tsai Hua | -- | Bnt Title Co Of Cdfornia | |
| Tan Tsai Hua | $1,550,000 | Bnt Title Company Of Ca | |
| 223 St Louis Llc | -- | Corinthian Title Company | |
| Merriman Parkway Inc | $268,000 | Lawyers Title | |
| Franco Lesvia Noemi | -- | None Available | |
| Avila Ariel | $193,000 | Provident Title Company | |
| Vasquez Caridad | $280,000 | Old Republic Title Company | |
| Perez Jonas | $225,000 | Southland Title | |
| Alonso Fatima M | -- | Southland Title | |
| Gillardo Mauricio | $115,000 | United Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Tan Tsai Hua | $1,085,000 | |
| Previous Owner | 223 St Louis Llc | $686,000 | |
| Previous Owner | Merriman Parkway Inc | $175,000 | |
| Previous Owner | Avila Ariel | $149,600 | |
| Previous Owner | Vasquez Caridad | $266,000 | |
| Previous Owner | Perez Jonas | $221,865 | |
| Previous Owner | Gillardo Mauricio | $91,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/27/2017 01/27/17 | Sold | $1,550,000 | -3.1% | $310 / Sq Ft | |
| 01/10/2017 01/10/17 | For Sale | $1,599,995 | 0.0% | $320 / Sq Ft | |
| 11/23/2016 11/23/16 | Pending | -- | -- | -- | |
| 11/09/2016 11/09/16 | For Sale | $1,599,995 | 0.0% | $320 / Sq Ft | |
| 10/20/2016 10/20/16 | Pending | -- | -- | -- | |
| 09/26/2016 09/26/16 | Price Changed | $1,599,995 | -3.0% | $320 / Sq Ft | |
| 06/12/2016 06/12/16 | For Sale | $1,650,000 | +754.9% | $330 / Sq Ft | |
| 02/18/2013 02/18/13 | Sold | $193,000 | +10.3% | $111 / Sq Ft | View Prior Sale |
| 12/19/2012 12/19/12 | Pending | -- | -- | -- | |
| 12/18/2012 12/18/12 | For Sale | $175,000 | -9.3% | $101 / Sq Ft | |
| 12/04/2012 12/04/12 | Off Market | $193,000 | -- | -- | |
| 11/29/2012 11/29/12 | For Sale | $175,000 | -- | $101 / 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 | $21,897 | $1,798,901 | $1,009,706 | $789,195 |
| 2024 | $21,897 | $1,763,629 | $989,908 | $773,721 |
| 2023 | $21,477 | $1,729,049 | $970,499 | $758,550 |
| 2022 | $20,487 | $1,695,147 | $951,470 | $743,677 |
| 2021 | $20,223 | $1,661,910 | $932,814 | $729,096 |
| 2019 | $19,623 | $1,612,620 | $905,148 | $707,472 |
| 2018 | $19,434 | $1,581,000 | $887,400 | $693,600 |
| 2016 | $5,681 | $458,000 | $400,000 | $58,000 |
| 2015 | $3,685 | $268,000 | $214,400 | $53,600 |
| 2014 | $2,597 | $193,876 | $150,681 | $43,195 |
Source: Public Records
Agents Affiliated with this Home
-
Arnold Ver
-
Scott Goshorn
Seller Co-Listing Agent in 2017
Scott Goshorn
Rodeo Realty
(323) 251-5479
58 Total Sales
-
T
Buyer's Agent in 2017
Thomas Chung
Masters Realty & Investment
-
Fina Encinas
Seller's Agent in 2013
Fina Encinas
Berkshire Hathaway H.S.C.P.
(562) 822-0176
33 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV16127340
APN: 5183-007-022
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