NOT LISTED FOR SALE

233 S Hoover St Los Angeles, CA 90004

Westlake Neighborhood

Estimated Value: $1,273,935 - $1,814,000

5 Beds
1.5 Baths
2,343 Sq Ft
$633/Sq Ft Est. Value

Last Sold May 03, 2016

Last sale price $900,000 $384 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $8,942/month

1 Day on Market

About This Home

As of May 2016

We are pleased to offer an excellent development opportunity in Koreatown. The offering is located on a quiet residential street among multiple new developments; near public schools, private schools, hip restaurants, clubs, shops, markets, entertainment venues and many other exciting places within Koreatown. The lot size is 7,986 Sq. feet and zoned LAR3; which allows a developer to build 9 units by right. New apartment buildings have recently opened next to the subject. The entire area is going through a resurgence with several high profile developments: including the new condominium complex:" ELEMEN"T 436; located at 436 S. Virgil; which is a 9 minute walk from the subject. In addition, the current 2,343 SF, 5 Bedroom, 1.5 bath home is in excellent condition. Consequently a builder may realize rental income while going through the development/entitlement process. Please do not disturb residents. Buyer to conduct their own investigations.

Last Agent to Sell the Property

Troy Soumis

M Troy Soumis License #01395772 Listed on: 04/25/2016

Last Buyer's Agent

Troy Soumis

M Troy Soumis License #01395772 Listed on: 04/25/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,970

Year Built

  • Built in 1907

Lot Details

  • 7,986 Sq Ft Lot
  • Lot Dimensions are 50x156
  • Property is zoned LAR3

Interior Spaces

  • 2,343 Sq Ft Home
  • 2-Story Property
  • Laundry Room
  • Property Views

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 6 Parking Spaces
  • Carport

Utilities

  • Window Unit Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5501-019-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,970

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Street Number Display: No
  • Advertising Remarks: We are pleased to offer an excellent development opportunity in Koreatown. The offering is located on a quiet residential street among multiple new developments; near public schools, private schools, hip restaurants, clubs, shops, markets, entertainment venues and many other exciting places within Koreatown. The lot size is 7,986 Sq. feet and zoned LAR3; which allows a developer to build 9 units by right. New apartment buildings have recently opened next to the subject. The entire area is going through a resurgence with several high profile developments: including the new condominium complex:" ELEMEN"T 436; located at 436 S. Virgil; which is a 9 minute walk from the subject. In addition, the current 2,343 SF, 5 Bedroom, 1.5 bath home is in excellent condition. Consequently a builder may realize rental income while going through the development/entitlement process. Please do not disturb residents. Buyer to conduct their own investigations.
  • Living Area: 2343
  • Lot Dimensions: 50X156
  • Stories: 2
  • Year Built: 1907
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Bedrooms: 5
  • Full Bathroom: 1
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 362.78

Exterior Features

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

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 6

Utilities

  • Cooling: Window Unit(s)

Lot Info

  • Assessor Parcel Number: 5501-019-012
  • Geocode Override: No
  • Lot Size Area: 7986

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2016
Closed on
Apr 28, 2016
Sold by
Licup Ronald Arevalo
Bought by
Venicci Investment Group Inc
Seller's Agent
Troy Soumis
M Troy Soumis
Buyer's Agent
Troy Soumis
M Troy Soumis
List Price
$850,000
Sold Price
$900,000
Premium/Discount to List
$50,000
5.88%
Current Estimated Value
$1,482,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$582,734
Avg. Annual Appreciation
5.41%

Purchase Details

Closed on
Oct 23, 2014
Sold by
Licup Ronald A
Bought by
Licup Ronald Arevalo and Licup Raquel Enriquez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2002
Sold by
Rizzardini Herb
Bought by
Licup Ronald A and Licup Raquel E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
6.84%

Purchase Details

Closed on
Feb 18, 2000
Sold by
Chan Edwin Y And Nancy L Trs Chan Trust
Bought by
Rizzardini Herb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,650
Interest Rate
7.62%

Purchase Details

Closed on
Dec 18, 1996
Sold by
Chan Edwin
Bought by
Chan Edwin Y and Chan Nancy L
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
Venicci Investment Group Inc $900,000 Lawyers Title
Licup Ronald Arevalo -- Fidelity National Title Co
Licup Ronald A $315,000 Fidelity National Title Co
Rizzardini Herb $167,500 Commonwealth Title
Chan Edwin Y -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Licup Ronald Arevalo $475,000
Previous Owner Licup Ronald A $283,500
Previous Owner Rizzardini Herb $158,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2016 05/03/16 Sold $900,000 +5.9% $384 / Sq Ft
04/26/2016 04/26/16 Pending -- -- --
04/25/2016 04/25/16 For Sale $850,000 -- $363 / 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 $12,970 $1,065,412 $852,331 $213,081
2024 $12,970 $1,044,522 $835,619 $208,903
2023 $12,725 $1,024,042 $819,235 $204,807
2022 $12,142 $1,003,964 $803,172 $200,792
2021 $11,988 $984,279 $787,424 $196,855
2019 $11,633 $955,086 $764,069 $191,017
2018 $11,485 $936,360 $749,088 $187,272
2016 $4,852 $393,091 $281,282 $111,809
2015 $4,782 $387,187 $277,057 $110,130
2014 $4,805 $379,603 $271,630 $107,973
Source: Public Records

Agents Affiliated with this Home

  • Troy Soumis

    Seller's Agent in 2016

    Troy Soumis

    M Troy Soumis

    (310) 433-5806

    Troy Soumis
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Map

Source: The MLS

MLS Number: 16-118598

The MLS

APN: 5501-019-012

California Los Angeles County Los Angeles 90004 Westlake

233 S Hoover St, Los Angeles, CA

This home is located at 233 S Hoover St, Los Angeles, CA 90004 since 25 April 2016 and is currently estimated at $1,482,734, approximately $632 per square foot. This property was built in 1907. 233 S Hoover St is a home located in Los Angeles County with nearby schools including Commonwealth Avenue Elementary School, Virgil Middle School, and Belmont High School.

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