NOT LISTED FOR SALE

2318 W Florence Ave Los Angeles, CA 90043

Hyde Park Neighborhood

Estimated Value: $560,846

2 Beds
1 Bath
1,692 Sq Ft
$331/Sq Ft Est. Value

Last Sold May 26, 2017

Last sale price $350,000 $207 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $3,509/month

45 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Dining Room
  • Bonus Room
  • Laundry Room
  • 1-Story Property

About This Home

As of May 2017

An investor's gold mine, motivated buyer needed, cash offers suggested. This home is currently in rehab and perfect for an investor to complete. Property zoned for mixed use, i.e. 1-4 units, apartments and hotel business. Current layout features a 2Br/1Ba. There is a large bonus room in the back (formally a rental unit) complete with plumbing and gas.

Last Agent to Sell the Property

LaTania Watkins

Any Nation Realty Company License #01271465 Listed on: 03/28/2017

Last Buyer's Agent

LaTania Watkins

Any Nation Realty Company License #01271465 Listed on: 03/28/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,720

Year Built

  • Built in 1924

Lot Details

  • 5,770 Sq Ft Lot
  • Property is zoned G1-R1

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,692 Sq Ft Home
  • 1-Story Property
  • Dining Room
  • Bonus Room
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4009-001-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,720

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: No
  • Living Area: 1692
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside, Room
  • Total Bathrooms: 1.00
  • Den: 0
  • Price Per S Q F T: 221.63

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway

Utilities

  • Heating: Wall

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4009-001-009
  • Geocode Override: No
  • Lot Size Area: 5770

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2017
Closed on
May 17, 2017
Sold by
Redemptus Corporation
Bought by
Buckner Rodney and Buckner Lesliee
Seller's Agent
LaTania Watkins
Any Nation Realty Company
Buyer's Agent
LaTania Watkins
Any Nation Realty Company
List Price
$375,000
Sold Price
$350,000
Premium/Discount to List
-$25,000
-6.67%
Current Estimated Value
$560,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,846
Avg. Annual Appreciation
5.76%
Original Mortgage
$287,500
Outstanding Balance
$240,101
Interest Rate
4.08%
Mortgage Type
Commercial
Estimated Equity
$316,657

Purchase Details

Closed on
Feb 8, 2017
Sold by
Elshaied Elshaied A
Bought by
Redemptus Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2002
Sold by
Elshaied A Wassen
Bought by
Elshaied A Wassen and Elshaied Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,556
Interest Rate
6.8%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 21, 2001
Sold by
Fogel Ori B
Bought by
Elshaied A Wasson and Elshaied Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,812
Interest Rate
7.24%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 29, 2000
Sold by
Sanchez Palemon M
Bought by
The Fogel Family Trust

Purchase Details

Closed on
Mar 4, 1998
Sold by
Chase Bank Of Texas National Assn
Bought by
Sanchez Palemon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 8, 1997
Sold by
Le Duff Edward
Bought by
Texas Commerce Bank Na
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
Buckner Rodney $350,000 Pacific Coast Title Company
Redemptus Corporation $275,000 Pacific Coast Title Company
Elshaied A Wassen -- United Title Company
Elshaied A Wasson $152,000 Fidelity National Title Co
The Fogel Family Trust $97,261 Stewart Title
Sanchez Palemon M $70,000 Stewart Title
Texas Commerce Bank Na $80,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buckner Rodney $287,500
Previous Owner Redemptus Corporation $13,000
Previous Owner Redemptus Corporation $275,000
Previous Owner Elshaied A Wassen $200,000
Previous Owner Elshaied A Wassen $155,409
Previous Owner Elshaied A Wassen $154,556
Previous Owner Elshaied A Wasson $154,812
Previous Owner Sanchez Palemon M $10,000
Previous Owner Sanchez Palemon M $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2017 05/26/17 Sold $350,000 -6.7% $207 / Sq Ft
05/12/2017 05/12/17 Pending -- -- --
04/29/2017 04/29/17 For Sale $375,000 0.0% $222 / Sq Ft
04/14/2017 04/14/17 Pending -- -- --
04/08/2017 04/08/17 For Sale $375,000 0.0% $222 / Sq Ft
03/30/2017 03/30/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $375,000 -- $222 / 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 $5,720 $451,937 $319,160 $132,777
2024 $5,720 $443,076 $312,902 $130,174
2023 $5,618 $434,389 $306,767 $127,622
2022 $5,370 $425,872 $300,752 $125,120
2021 $5,298 $417,522 $294,855 $122,667
2019 $490 $364,140 $286,110 $78,030
2018 $4,616 $357,000 $280,500 $76,500
2016 $2,730 $202,152 $137,265 $64,887
2015 $2,695 $199,117 $135,204 $63,913
2014 $2,711 $195,218 $132,556 $62,662
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    LaTania Watkins

    Any Nation Realty Company

    (310) 650-2532

    5 Total Sales

    LaTania Watkins
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Map

Source: The MLS

MLS Number: 17-215726

The MLS

APN: 4009-001-009

California Los Angeles County Los Angeles 90043 Hyde Park

2318 W Florence Ave, Los Angeles, CA

This home is located at 2318 W Florence Ave, Los Angeles, CA 90043 since 28 March 2017 and is currently estimated at $560,846, approximately $331 per square foot. This property was built in 1924. 2318 W Florence Ave is a home located in Los Angeles County with nearby schools including Seventy-Fourth Street Elementary School, Horace Mann Ucla Community, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

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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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