NOT LISTED FOR SALE

Estimated Value: $816,000 - $2,912,416

4 Beds
2 Baths
2,318 Sq Ft
$939/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $490,000 $211 Per Sq Ft

Est. 344% increase in value since last sale

Current estimated payment $13,978/month

80 Days on Market

About This Home

As of April 2019

Attention FHA 203K Buyers. Perfect investment opportunity for developers, investors and builders! This is your chance to purchase an income property perfect for USC student housing or Airbnb/short-term rental since property is approximately less than a mile away from the University of Southern California (USC). Duplex features 2 bedrooms and 1 bathroom each. Both units have newer vinyl dual pane windows and ceramic flooring. Nice size bedrooms and kitchen. Spacious rear yard with a large avocado tree. Property sits on a 6251 sqft lot. Also in the vicinity are DTLA, LA Memorial Coliseum, LA FC Stadium, Staples Ctr and the $700 million dollar USC Village Development Project (Target, Trader Joe's, Starbucks, Bank of America along with other shops/restaurants). Walking distance to the Metro Line Station and easy access to freeways. Do not miss out on the great opportunity!!!

Last Agent to Sell the Property

Walner H Hernandez

RE/MAX Alliance Group License #01318574 Listed on: 01/06/2019

RE/MAX Alliance Group

Last Buyer's Agent

Walner H Hernandez

RE/MAX Alliance Group License #01318574

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,251 Sq Ft Lot

Home Design

  • Cosmetic Repairs Needed
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,318 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway
  • Uncovered Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Sewer in Street

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5128-002-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2318
  • Probate: No
  • Property Condition: Repair Cosmetic
  • Stories: 1
  • Year Built: 1920
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 220.01

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Garage: Driveway - Concrete, Uncovered
  • Total Parking: 4

Utilities

  • Heating: Wall Gas
  • Sewer: In Street
  • Water: District

Lot Info

  • Assessed Improvement Value: 210179
  • Assessed Land Value: 222189
  • Assessor Parcel Number: 5128-002-016
  • Geocode Override: No
  • Lot Size Area: 6251

Rental Info

  • Land Lease Type: Fee
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.92
  • Number Of Units: 2
  • Type Of Units: Attached

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2020
Sold by
Lee Seong Sil and Lee Won Sim
Bought by
Maplewood Townhomes Llc
Current Estimated Value
$2,176,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2020
Sold by
The Budget Acquisition Inc
Bought by
Lee Seong Sil and Lee Won Sim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2019
Closed on
Mar 27, 2019
Sold by
Figueroa Hector A and Figueroa Maribel
Bought by
The Budget Acquisition Inc
Seller's Agent
Walner H Hernandez
RE/MAX Alliance Group
Buyer's Agent
Walner H Hernandez
RE/MAX Alliance Group
List Price
$549,990
Sold Price
$490,000
Premium/Discount to List
-$59,990
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.97%
Original Mortgage
$450,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 2007
Sold by
Figueroa Hector A
Bought by
Figueroa Hector A and Figueroa Maribel

Purchase Details

Closed on
May 8, 2004
Sold by
Barrera Victor T and Barrera Sharon A
Bought by
Barrera Victor T and Barrera Sharon A

Purchase Details

Closed on
Nov 25, 1997
Sold by
Barrera Victor T
Bought by
Barrera Victor T and Barrera Sharon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
4.25%
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
Maplewood Townhomes Llc -- Accommodation
Lee Seong Sil $2,400,000 First American Title
The Budget Acquisition Inc $490,000 Provident Title Company
Figueroa Hector A -- Ticor Title Tustin
Barrera Victor T -- --
Barrera Victor T -- Universal Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Seong Sil $1,200,000
Previous Owner The Budget Acquisition Inc $450,000
Previous Owner Barrera Victor T $119,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2019 04/30/19 Sold $490,000 -3.9% $211 / Sq Ft
03/27/2019 03/27/19 Pending -- -- --
03/13/2019 03/13/19 Price Changed $509,990 -7.3% $220 / Sq Ft
01/06/2019 01/06/19 For Sale $549,990 -- $237 / 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 $31,313 $2,598,484 $649,458 $1,949,026
2024 $31,313 $2,547,534 $636,724 $1,910,810
2023 $30,706 $2,497,584 $624,240 $1,873,344
2022 $29,278 $2,448,612 $612,000 $1,836,612
2021 $28,656 $2,400,600 $600,000 $1,800,600
2020 $6,438 $499,800 $295,800 $204,000
2019 $5,722 $449,833 $231,164 $218,669
2018 $5,633 $441,014 $226,632 $214,382
2016 $5,364 $423,891 $217,833 $206,058
2015 $5,288 $417,524 $214,561 $202,963
2014 $5,323 $409,347 $210,359 $198,988
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-420068

The MLS

APN: 5128-002-016