NOT LISTED FOR SALE

226 S Union Ave Los Angeles, CA 90026

Westlake Neighborhood

Estimated Value: $1,002,000 - $1,286,000

5 Beds
2 Baths
1,447 Sq Ft
$786/Sq Ft Est. Value

Last Sold September 27, 2022

Last sale price $1,075,000 $743 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,328/month

73 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • 4-minute walk to Unidad Park & Community Garden

About This Home

As of September 2022

Back on the market, buyer could not perform. PRICE REDUCED for quick sale!!! We are pleased to present for sale a prime LAR3 development opportunity in the Historic Filipinotown/Westlake neighborhood of Los Angeles! Located just minutes away from the hustle and bustle of Sunset Blvd, this ~7,000 sqft lot + Alley offers a developer the opportunity to build 9 units by right or up to 16 units using TOC Incentives. The site may also be a great opportunity for fourplex or small lot subdivision. Lot dimensions are 50 by 140 sqft, zoned R3-1, TOC Tier 2, and comes with an alley (Optimal for design efficiency and parking access!). Subject property is currently an owner occupied single family residence that will be delivered VACANT, meaning no dealing with rent stabilization (RSO) or tenant relocation! Property has received official RUD from LA Housing department, meaning the site will be EXEMPT from the SB 8 low income replacement requirement (no low income units will be required under a by right project)!!! The property lies in close proximity to Echo Park, Silver Lake, Koreatown, DTLA, and much more! Lots of new development in this immediate pocket! Do not miss this opportunity to build in a high rental demand area undergoing gentrification close to restaurants, bars, shopping, and transportation. Home to be sold As-Is. Contact listing agent for more details!

Last Agent to Sell the Property

Daniel Shamooelian

Keller Williams Beverly Hills License #01984269 Listed on: 06/20/2022

Keller Williams Beverly Hills

Last Buyer's Agent

Daniel Shamooelian

Keller Williams Beverly Hills License #01984269 Listed on: 06/20/2022

Keller Williams Beverly Hills

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,558

Year Built

  • Built in 1928

Lot Details

  • 6,999 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Property is zoned LAR3

Interior Spaces

  • 1,447 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5153-011-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,558

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Street Number Display: Yes
  • Living Area: 1447
  • Lot Acreage: 0.1607
  • Lot Dimensions: 50x140
  • Stories: 1
  • Year Built: 1928
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Bedrooms: 5
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 794.75

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 3

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5153-011-011
  • Lot Size Area: 6999

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2022
Closed on
Sep 19, 2022
Sold by
Molina Nestor D
Bought by
226 Union Llc
Seller's Agent
Daniel Shamooelian
Keller Williams Beverly Hills
Buyer's Agent
Daniel Shamooelian
Keller Williams Beverly Hills
List Price
$1,150,000
Sold Price
$1,075,000
Premium/Discount to List
-$75,000
-6.52%
Views
2
Current Estimated Value
$1,137,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,483
Avg. Annual Appreciation
2.58%

Purchase Details

Closed on
Jun 25, 2015
Sold by
Molina Jose D
Bought by
Molina Nestor R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2011
Sold by
Lee Kong In
Bought by
Molina Jose D and Molina Rosa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,028
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 23, 2010
Sold by
La Maum Center
Bought by
Lee Kong In

Purchase Details

Closed on
Dec 16, 2009
Sold by
Lee Kong In
Bought by
La Maum Center

Purchase Details

Closed on
Dec 18, 2007
Sold by
Park Sung Ohk
Bought by
Lee Kongin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,600
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2007
Sold by
Chon Christopher Won
Bought by
Park Sung Ohk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,000
Interest Rate
2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 16, 2006
Sold by
Sohn Bill S
Bought by
Chon Christopher Won

Purchase Details

Closed on
Sep 15, 2006
Sold by
Maum Awareness Foundation
Bought by
Chon Christopher Won

Purchase Details

Closed on
Apr 3, 2006
Sold by
Chon Christopher Won and Sohn Bill S
Bought by
Maum Awareness Foundation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 18, 2006
Sold by
Sohn Seon Hee
Bought by
Sohn Bill S

Purchase Details

Closed on
Dec 12, 2005
Sold by
Won Christopher
Bought by
Maum Awareness Foundation

Purchase Details

Closed on
Apr 6, 2005
Sold by
Sim Jae Ung
Bought by
Chon Christopher Won

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2003
Sold by
Koo Ok Bang
Bought by
Sim Jae Ung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2002
Sold by
Spahl Walter and Spahl Sue
Bought by
Spahl Walter F and Franz Spahl Inter Vivos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
7.13%

Purchase Details

Closed on
Mar 6, 2002
Sold by
Spahl Walter and Franz Spahl Inter Vivos Trust
Bought by
Koo Ok Bang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
7.13%
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
226 Union Llc $1,075,000 Old Republic Title
Molina Nestor R -- Old Republic Title Company
Molina Jose D $275,000 Chicago Title Company
Lee Kong In -- None Available
La Maum Center -- None Available
Lee Kongin $557,000 United Title
Park Sung Ohk $610,000 Gateway Title Company
Chon Christopher Won -- None Available
Chon Christopher Won -- None Available
Maum Awareness Foundation -- Gateway Title Company Orange
Sohn Bill S -- Landamerica Gateway Title
Chon Christopher Won -- Landamerica Gateway Title
Maum Awareness Foundation -- --
Chon Christopher Won $400,000 Gateway Title Company
Sim Jae Ung $300,000 Chicago Title
Spahl Walter F -- Chicago Title
Koo Ok Bang $195,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Molina Nestor D $326,850
Previous Owner Molina Nestor R $255,000
Previous Owner Molina Jose D $268,028
Previous Owner Lee Kongin $445,600
Previous Owner Park Sung Ohk $549,000
Previous Owner Chon Christopher Won $165,000
Previous Owner Chon Christopher Won $320,000
Previous Owner Sim Jae Ung $285,000
Previous Owner Koo Ok Bang $175,500
Closed Chon Christopher Won $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2022 09/27/22 Sold $1,075,000 -6.5% $743 / Sq Ft
09/01/2022 09/01/22 Pending -- -- --
08/16/2022 08/16/22 Price Changed $1,150,000 0.0% $795 / Sq Ft
08/16/2022 08/16/22 For Sale $1,150,000 -8.0% $795 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $1,250,000 +354.5% $864 / Sq Ft
02/07/2012 02/07/12 Sold $275,000 +1.9% $190 / Sq Ft
08/08/2011 08/08/11 Price Changed $270,000 +10.2% $187 / Sq Ft
06/07/2011 06/07/11 For Sale $245,000 0.0% $169 / Sq Ft
06/07/2011 06/07/11 Price Changed $245,000 -10.9% $169 / Sq Ft
05/12/2011 05/12/11 Off Market $275,000 -- --
03/15/2011 03/15/11 For Sale $299,900 +9.1% $207 / Sq Ft
02/18/2011 02/18/11 Off Market $275,000 -- --
02/02/2011 02/02/11 Price Changed $299,900 -9.1% $207 / Sq Ft
01/11/2011 01/11/11 For Sale $330,000 -- $228 / 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 $1,118,430 $894,744 $223,686
2024 $13,558 $1,096,500 $877,200 $219,300
2023 $13,301 $1,075,000 $860,000 $215,000
2022 $6,170 $494,539 $399,207 $95,332
2021 $6,090 $484,843 $391,380 $93,463
2019 $5,915 $470,464 $379,772 $90,692
2018 $5,743 $461,240 $372,326 $88,914
2016 $5,489 $443,331 $357,869 $85,462
2015 $3,631 $287,400 $229,921 $57,479
2014 -- $281,772 $225,418 $56,354
Source: Public Records

Agents Affiliated with this Home

  • Daniel Shamooelian

    Seller's Agent in 2022

    Daniel Shamooelian

    Keller Williams Beverly Hills

    (310) 651-1800

    2 in this area

    43 Total Sales

    Daniel Shamooelian
    Section Image

  • K

    Seller's Agent in 2012

    Kyoung Sara Choi

    JC Realty & Investment Co.

    Section Image

  • R

    Buyer's Agent in 2012

    Roberto Ramirez

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Map

Source: The MLS

MLS Number: 22-169731

The MLS

APN: 5153-011-011

California Los Angeles County Los Angeles 90026 Westlake

226 S Union Ave, Los Angeles, CA

This home is located at 226 S Union Ave, Los Angeles, CA 90026 since 20 June 2022 and is currently estimated at $1,137,483, approximately $786 per square foot. This property was built in 1928. 226 S Union Ave is a home located in Los Angeles County with nearby schools including Union Avenue Elementary, Sal Castro Middle School, and Belmont High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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