NOT LISTED FOR SALE
8 Beds
8 Baths
4,352 Sq Ft
7,511 Sq Ft Lot

Sale Details

Date Sold: March 2, 2022

Last sale price $1,360,000 $312 Per Sq Ft

61 Days on Market

Highlights

  • Spanish Architecture
  • 1-Story Property
  • 3-minute walk to Trinity Park Legends Court

About This Home

As of March 2022

Iconic Investments is pleased to offer for sale Las Villas Apartments, an 8-unit apartment building located just south of Downtown LA. Built in 1922, this charming Spanish-style bungalow property is located at 2400 Maple Avenue, between Main Street and San Pedro Street, south of Washington Boulevard. The old charm gives the property (4,352 Sq. Ft. on a 7,510 Sq. Ft. lot) distinctive curb appeal and a hint at the allure of the buildings interiors. The unit mix at Las Villas is 8 one-bed/one-bath units, three of which were converted into one-bed/one-bath + a bonus room. The bonus room can function as an additional bedroom. Efficient use of space and the privacy afforded by the classic bungalow design make the units seem larger. The property is individually metered for both gas and electric, and the tenants pay for trash. All units have individual water heaters. Las Villas is in close proximity to Downtown LA, USC, Culver City, Inglewood and Koreatown.

Last Agent to Sell the Property

Adam Zunder

Pacifica Capital License #01821053 Listed on: 12/13/2021

Co-Listed By

Peter Strauss

Iconic Investments License #01335696

Last Buyer's Agent

Ron Tanzman

License #01292685

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 7,511 Sq Ft Lot

Home Design

  • Spanish Architecture
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,352 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • 4 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5127-013-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

7,511 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 4352
  • Lot Acreage: 0.1724
  • Stories: 1
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Common Walls: Attached
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 309.05

Exterior Features

  • Other Structures: None
  • Roof: Composition, Shingle
  • View: No

Utilities

  • Water Heater: Gas
  • Cooling: Window Unit(s)
  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 38.46
  • Assessed Improvement Value: 378885
  • Assessed Land Percent: 61.54
  • Assessed Land Value: 606216
  • Total Assessed Value: 985101
  • Assessor Parcel Number: 5127-013-012
  • Lot Size Area: 7511

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 11.97
  • Number Of Units: 8
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2021
Closed on
Feb 16, 2022
Sold by
Bought by
Seller's Agent
Adam Zunder
Pacifica Capital
Buyer's Agent
Ron Tanzman
List Price
$1,345,000
Sold Price
$1,360,000
Premium/Discount to List
$15,000
1.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Interest Rate
0.0355%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 11, 2018
Closed on
Oct 29, 2019
Sold by
Bought by
Seller's Agent
Jay Dharmasuriya
Realty Brokerage Group Inc
Buyer's Agent
Jay Dharmasuriya
Realty Brokerage Group Inc
List Price
$1,095,000
Sold Price
$1,095,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.88%
Original Mortgage
$250,000
Interest Rate
0.036%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
0.0438%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2007
Sold by
Bought by

Purchase Details

Closed on
Oct 7, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
0.0643%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 1, 1996
Sold by
Bought by

Purchase Details

Closed on
Jun 28, 1996
Sold by
Bought by

Purchase Details

Closed on
May 9, 1996
Sold by
Bought by

Purchase Details

Closed on
Apr 3, 1996
Sold by
Bought by

Purchase Details

Closed on
Aug 22, 1995
Sold by
Bought by

Purchase Details

Closed on
Aug 9, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,360,000 Ticor Title
$975,000 First American Title
$640,000 Lawyers Title
-- None Available
-- None Available
$320,000 Fidelity National Title Co
$145,000 Chicago Title
$43,545 Chicago Title
$11,000 Chicago Title
$7,500 Chicago Title Co
$11,000 Chicago Title Co
$11,000 Chicago Title Co
-- Chicago Title
$113,782 American Title Ins Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,020,000
Previous Owner $884,000
Previous Owner $250,000
Previous Owner $682,500
Previous Owner $540,000
Previous Owner $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/02/2022 03/02/22 Sold $1,360,000 +1.1% $313 / Sq Ft
02/12/2022 02/12/22 Pending -- -- --
12/13/2021 12/13/21 For Sale $1,345,000 +22.8% $309 / Sq Ft
11/13/2019 11/13/19 Sold $1,095,000 0.0% $252 / Sq Ft View Prior Sale
10/23/2019 10/23/19 Pending -- -- --
09/19/2019 09/19/19 Off Market $1,095,000 -- --
07/14/2019 07/14/19 For Sale $1,095,000 0.0% $252 / Sq Ft
05/31/2019 05/31/19 Pending -- -- --
12/18/2018 12/18/18 Price Changed $1,095,000 -3.9% $252 / Sq Ft
10/11/2018 10/11/18 For Sale $1,140,000 +78.1% $262 / Sq Ft
05/16/2014 05/16/14 Sold $640,000 +91459.4% $147 / Sq Ft View Prior Sale
05/08/2014 05/08/14 Pending -- -- --
12/30/2013 12/30/13 For Sale $699 -- $0 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $18,321 $1,443,242 $912,638 $530,604
2024 $18,113 $1,414,944 $894,744 $520,200
2023 $17,776 $1,387,200 $877,200 $510,000
2022 $12,841 $1,004,802 $618,340 $386,462
2021 $12,674 $985,101 $606,216 $378,885
2020 $12,803 $975,000 $600,000 $375,000
2019 $9,361 $703,304 $329,674 $373,630
2018 $9,225 $689,514 $323,210 $366,304
2016 $8,762 $662,741 $310,660 $352,081
2015 $8,645 $652,787 $305,994 $346,793
2014 -- $383,972 $153,588 $230,384
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-112207

The MLS
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