NOT LISTED FOR SALE

2304 Thurman Ave Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $1,012,500

6 Beds
3 Baths
2,490 Sq Ft
$407/Sq Ft Est. Value

Last Sold November 15, 2017

Last sale price $750,000 $301 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $6,487/month

59 Days on Market

Highlights

  • Detached Carport Space
  • 1-Story Property
  • 3-minute walk to Genesee Avenue Park

About This Home

As of November 2017

Prime Westside/Mid City triplex with significant upside in rents. This is one of two parcels/properties for sale and is being offered with the adjacent triplex at 2300 Thurman Ave. All units are 2+1's and individually metered for gas and electric. The property is zoned LARD1.5 and is approximately 5782 square feet.These properties are centrally located and within one mile of the La Cienega/Jefferson Metro Station. The sellers desire to sell both properties concurrently to the same buyer. Properties are offered as is, where is, with any and all faults. Buyer to verify all details as to lot and building characteristics. Broker has not personally verified these details. Please do not disturb the tenants. Inspection with accepted offer only.

Last Agent to Sell the Property

Chris Weerts

Weerts Real Estate Inc. License #00992319 Listed on: 08/15/2017

Last Buyer's Agent

Chris Weerts

Weerts Real Estate Inc. License #00992319 Listed on: 08/15/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,605

Year Built

  • Built in 1947

Lot Details

  • 5,782

Home Design

  • Triplex

Interior Spaces

  • 2,490 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Detached Carport Space

Additional Features

  • 5,782 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5064-023-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,605

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2490
  • Stories: 1
  • Year Built: 1947
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 300.40

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport Detached
  • Total Parking: 3

Utilities

  • Heating: Natural Gas
  • Water Expense: 1476.00

Fee Information

  • Insurance Expense: 1320.00
  • Other Expense: 250.00
  • Trash Expense: 1135.00

Lot Info

  • Assessed Improvement Value: 26484
  • Assessed Land Value: 23382
  • Assessor Parcel Number: 5064-023-017
  • Geocode Override: No
  • Lot Size Area: 5782

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 19.77
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 14837
  • Type Of Units: Triplex
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2017
Closed on
Nov 10, 2017
Sold by
Wu Nywood
Bought by
Wu Meriel Lee
Seller's Agent
Chris Weerts
Weerts Real Estate Inc.
Buyer's Agent
Chris Weerts
Weerts Real Estate Inc.
List Price
$748,000
Sold Price
$750,000
Premium/Discount to List
$2,000
0.27%
Current Estimated Value
$1,012,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,500
Original Mortgage
$640,000
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 15, 2017
Closed on
Oct 31, 2017
Sold by
Lee Vernon Mark
Bought by
Montgomery Burns Industries Llc
Seller's Agent
Chris Weerts
Weerts Real Estate Inc.
Buyer's Agent
Chris Weerts
Weerts Real Estate Inc.
List Price
$748,000
Sold Price
$750,000
Premium/Discount to List
$2,000
0.27%

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
Interest Rate
3.91%
Mortgage Type
Commercial
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
Wu Meriel Lee -- Old Republic Title Company
Montgomery Burns Industries Llc $750,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choe Won Sok $925,000
Open Montgomery Burns Industries Llc $10,360,000
Closed Wu Meriel Lee $640,000
Closed Montgomery Burns Industries Llc $640,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2017 11/15/17 Sold $750,000 +0.3% $301 / Sq Ft
10/13/2017 10/13/17 Pending -- -- --
08/15/2017 08/15/17 For Sale $748,000 -- $300 / 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
2021 $21,605 $1,818,383 $788,383 $1,030,000
2019 $9,403 $765,000 $510,000 $255,000
2018 $9,287 $750,000 $500,000 $250,000
2017 $924 $50,862 $23,849 $27,013
2016 $874 $49,866 $23,382 $26,484
2015 $865 $49,118 $23,031 $26,087
2014 $891 $48,156 $22,580 $25,576
Source: Public Records

Agents Affiliated with this Home

  • Chris Weerts

    Seller's Agent in 2017

    Chris Weerts

    Weerts Real Estate Inc.

    (310) 826-5505

    1 Total Sale

    Chris Weerts
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Map

Source: The MLS

MLS Number: 17-257100

The MLS

APN: 5064-023-017

California Los Angeles County Los Angeles 90016 Mid-City

2304 Thurman Ave, Los Angeles, CA

This home is located at 2304 Thurman Ave, Los Angeles, CA 90016 since 15 August 2017 and is currently priced at $1,012,500, approximately $406 per square foot. This property was built in 1947. 2304 Thurman Ave is a home located in Los Angeles County with nearby schools including Marvin Avenue Elementary School, Daniel Webster Middle School, and Alexander Hamilton Senior 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.
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