NOT LISTED FOR SALE

2240 Crenshaw Blvd Los Angeles, CA 90016

Arlington Heights Neighborhood

Estimated Value: $973,543 - $1,365,000

5 Beds
3 Baths
2,588 Sq Ft
$450/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $1,030,000 $398 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $7,399/month

19 Days on Market

About This Home

As of May 2024

Well-kept 3-unit property that is easy to maintain. Superb opportunity for investors and owner-users. Enough space in the back lot to build an ADU to add asset value. One unit will be delivered vacant at COE; vacant unit offers an upgrade of increase in rental income or a unit for the owner to occupy and collect rent from the other two units. Bright, airy layout. Clean laminate & tile flooring throughout with granite. Great location offering convenient access to I-10 freeway and close proximity to Koreatown and Downtown to enjoy various venues of popular eateries, highly regarded restaurants, entertainment, shopping centers, markets, and other necessities. Spacious back lot with garages and plenty of parking spaces and front yard with a lush tree providing cool shade for picnic & tea area.

Last Agent to Sell the Property

Mi Jeong Stella Kim

Mi Jeong Kim License #01887660 Listed on: 04/06/2024

Last Buyer's Agent

Mi Jeong Stella Kim

Mi Jeong Kim License #01887660 Listed on: 04/06/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,951

Year Built

  • Built in 1911

Lot Details

  • 7,859 Sq Ft Lot
  • Lot Dimensions are 50x157

Parking

  • 6 Car Garage

Interior Spaces

  • 2,588 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5060-005-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,951

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2588
  • Lot Acreage: 0.1804
  • Lot Dimensions: 50x157
  • Stories: 2
  • Year Built: 1911
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 3.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 484.74

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Other Spaces: 3
  • Covered Parking: 3
  • Parking Garage: Garage, Uncovered
  • Total Parking: 6

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 39.81
  • Assessed Improvement Value: 466507
  • Assessed Land Percent: 60.19
  • Assessed Land Value: 705451
  • Total Assessed Value: 1171958
  • Assessor Parcel Number: 5060-005-004
  • Lot Size Area: 7859

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.30
  • Number Of Units: 3
  • Type Of Units: APT

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2024
Closed on
May 17, 2024
Sold by
Janice Chung Family Trust and Chung Janice Yoo
Bought by
Choe Angela and Choe David
Seller's Agent
Mi Jeong Stella Kim
Mi Jeong Kim
Buyer's Agent
Mi Jeong Stella Kim
Mi Jeong Kim
List Price
$1,254,500
Sold Price
$1,030,000
Premium/Discount to List
-$224,500
-17.9%
Views
28
Current Estimated Value
$1,165,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,136
Avg. Annual Appreciation
8.57%
Original Mortgage
$640,000
Outstanding Balance
$632,114
Interest Rate
7.88%
Mortgage Type
New Conventional
Estimated Equity
$533,022

Purchase Details

Listed on
Apr 6, 2024
Closed on
May 10, 2024
Sold by
Janice Chung Family Trust and Chung Janice Yoo
Bought by
Choe Angela and Choe David
Seller's Agent
Mi Jeong Stella Kim
Mi Jeong Kim
Buyer's Agent
Mi Jeong Stella Kim
Mi Jeong Kim
List Price
$1,254,500
Sold Price
$1,030,000
Premium/Discount to List
-$224,500
-17.9%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Outstanding Balance
$632,114
Interest Rate
7.88%
Mortgage Type
New Conventional
Estimated Equity
$533,022

Purchase Details

Listed on
Feb 3, 2016
Closed on
Jun 14, 2016
Sold by
Paek Julie
Bought by
Chung Janice Yoo Jin and The Janice Chung Family Living Trust
Seller's Agent
Aekyung Lee
Onewest Properties
Buyer's Agent
Jennifer Oh
Mega Realty
List Price
$1,050,000
Sold Price
$1,030,000
Premium/Discount to List
-$20,000
-1.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$400,000
Interest Rate
3.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 8, 2015
Closed on
May 7, 2015
Sold by
Branch Banking & Trust Company
Bought by
Paek Julie and Paek Andrew S
Seller's Agent
Joyce Essex Harvey
Coldwell Banker Realty
Buyer's Agent
Aekyung Lee
Onewest Properties
List Price
$649,900
Sold Price
$750,000
Premium/Discount to List
$100,100
15.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.43%

Purchase Details

Closed on
Jan 11, 2013
Sold by
Pfg Mortgage Trust I
Bought by
Branch Banking & Trust Company

Purchase Details

Closed on
May 18, 2011
Sold by
Bennette Charles
Bought by
Pfg Mortgage Trust I

Purchase Details

Closed on
Mar 22, 2002
Sold by
Fraser Anselm G
Bought by
Bennette Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
7.13%
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
Choe Angela $1,030,000 Chicago Title Company
Choe David -- Chicago Title Company
Choe Angela $1,030,000 Chicago Title Company
Choe Angela $1,030,000 Chicago Title Company
Chung Janice Yoo Jin $1,030,000 Chicago Title Company
Paek Julie $750,000 Chicago Title Company
Branch Banking & Trust Company -- None Available
Pfg Mortgage Trust I $728,012 Accommodation
Bennette Charles $335,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choe David $640,000
Closed Choe Angela $640,000
Previous Owner Chung Janice Yoo Jin $400,000
Previous Owner Bennette Charles $268,000
Closed Bennette Charles $50,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/24/2024 05/24/24 Sold $1,030,000 -17.9% $398 / Sq Ft
04/25/2024 04/25/24 Pending -- -- --
04/06/2024 04/06/24 For Sale $1,254,500 +21.8% $485 / Sq Ft
06/17/2016 06/17/16 Sold $1,030,000 -1.9% $398 / Sq Ft View Prior Sale
05/06/2016 05/06/16 Pending -- -- --
02/03/2016 02/03/16 For Sale $1,050,000 +40.0% $406 / Sq Ft
05/11/2015 05/11/15 Sold $750,000 +15.4% $290 / Sq Ft View Prior Sale
04/21/2015 04/21/15 Pending -- -- --
04/08/2015 04/08/15 For Sale $649,900 -- $251 / 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 $14,951 $1,050,600 $841,500 $209,100
2024 $14,951 $1,195,397 $719,560 $475,837
2023 $14,670 $1,171,958 $705,451 $466,507
2022 $14,004 $1,148,979 $691,619 $457,360
2021 $13,828 $1,126,451 $678,058 $448,393
2019 $13,422 $1,093,043 $657,948 $435,095
2018 $13,251 $1,071,612 $645,048 $426,564
2016 $9,471 $761,437 $533,006 $228,431
2015 $6,779 $535,488 $428,391 $107,097
2014 -- $525,000 $420,000 $105,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Mi Jeong Stella Kim

    Mi Jeong Kim

    (714) 853-9397

    1 in this area

    40 Total Sales

    Mi Jeong Stella Kim
    Section Image
  • Aekyung Lee

    Seller's Agent in 2016

    Aekyung Lee

    Onewest Properties

    (213) 500-8090

    12 Total Sales

    Aekyung Lee
    Section Image

  • J

    Buyer's Agent in 2016

    Jennifer Oh

    RE/MAX

    Section Image

  • J

    Seller's Agent in 2015

    Joyce Essex Harvey

    Coldwell Banker Realty

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-377141

The MLS

APN: 5060-005-004

California Los Angeles County Los Angeles 90016 Arlington Heights

2240 Crenshaw Blvd, Los Angeles, CA

Not Listed for Sale

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