NOT LISTED FOR SALE

244 Columbia Place Los Angeles, CA 90026

Westlake Neighborhood

Estimated Value: $556,000 - $775,750

2 Beds
2 Baths
1,364 Sq Ft
$474/Sq Ft Est. Value

Last Sold July 07, 2023

Last sale price $500,000 $367 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,146/month

18 Days on Market

Highlights

  • Wood Flooring
  • Breakfast Bar
  • Living Room
  • Quartz Countertops
  • Bathtub with Shower
  • Tankless Water Heater

About This Home

As of July 2023

Introducing the remarkable Historic Belmont Square Duplexan exhilarating chance to ignite your real estate empire and seize a golden opportunity! Prepare to be captivated by this hidden gem nestled in the heart of Los Angeles, where dreams of lucrative returns become a thrilling reality.Located in the vibrant vicinity of DTLA, Historic Filipino town, and Echo Park, this duplex is poised to become the epicenter of Los Angeles' hottest new neighborhood. The gaze of eager buyers has shifted towards this coveted corner of the city, seeking the next big thing in the realm of real estate. And guess what? You've found it!Unlocking the true essence of rarity, this property unveils not only the potential for handsome financial gains but also the unrivaled advantage of residing in the very home you are renovating. Picture yourself living amidst the excitement, crafting your vision, and adding your personal touch to this historical dwelling.With each unit offering ample space and an abundance of natural light, these 1-bedroom, 1-bathroom retreats will captivate the hearts of discerning individuals and couples alike. Embrace the low-maintenance lot and uncover the allure of Los Angeles' secret walk streets, where tranquility coexists with urban vibrancy.But wait, there's more! Renovation loans are not merely a possibility they are actively being considered to fuel your dreams and maximize your profit potential. Imagine the freedom to bring your creative aspirations to life while strategically enhancing the property's value.The Historic Belmont Square Duplex is more than just a property it's an extraordinary invitation to embark on an exhilarating journey of financial success. Don't miss out on this chance to secure your place among the savvy investors and enthusiasts who are making their mark on the Los Angeles real estate scene.Seize the moment, ignite your passion, and unleash your full potential in this unparalleled real estate venture. The time is now! Don't let this once-in-a-lifetime opportunity slip through your fingers!

Last Agent to Sell the Property

Kenya Reeves-Costa

Compass License #01734058 Listed on: 05/18/2023

Compass

Last Buyer's Agent

Lee Ziff

Keller Williams Beverly Hills License #01212150

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,156

Year Built

  • Built in 1923

Lot Details

  • 1,289 Sq Ft Lot
  • Gated Home

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Split Level Home
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 1,364 Sq Ft Home
  • Living Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Range
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms
  • Bathtub with Shower

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Sewer in Street

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas, insurance, electricity, move in fee, water, trash collection
  • Assessor Parcel Number 5153-016-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,156

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 1364
  • Lot Acreage: 0.0296
  • Year Built: 1923
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Number Dishwasher: 1
  • Number Disposal: 1
  • Number Refrigerator: 1
  • Flooring: Wood, Tile
  • Appliances: Gas, Range
  • Bedrooms: 2
  • Bathroom Features: Shower Over Tub
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Quartz Counters
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Refrigerator, Range/Oven
  • Price Per S Q F T: 358.50

Exterior Features

  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Number Patio: 2
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: On street

Utilities

  • Water Heater: Tankless
  • Cooling: Central
  • Heating: Central
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 2
  • Security: Gated
  • Sewer: In Street
  • Water Expense: 150.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 200.00
  • Insurance Expense: 150.00
  • Maintenance Expense: 100.00
  • Trash Expense: 50.00

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 28.80
  • Assessed Improvement Value: 98810
  • Assessed Land Percent: 71.2
  • Assessed Land Value: 244293
  • Total Assessed Value: 343103
  • Assessor Parcel Number: 5153-016-029
  • Lot Size Area: 1289

Rental Info

  • Tenant Pays: Gas, Insurance, Electricity, Move In Fee, Water, Trash Collection

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.72
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: Vacant

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2018
Closed on
Feb 7, 2019
Sold by
La Property Hd Llc
Bought by
Poitras Andrew
Seller's Agent
Wayne Hartigan
Arrow Management Company
Buyer's Agent
Christine Arcaris
Compass
List Price
$340,000
Sold Price
$330,000
Premium/Discount to List
-$10,000
-2.94%
Total Days on Market
18
Current Estimated Value
$647,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,188
Avg. Annual Appreciation
11.23%
Original Mortgage
$320,488
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 13, 2016
Sold by
Columbia Place Investment Llc
Bought by
La Property Hd Llc

Purchase Details

Closed on
Jan 27, 2010
Sold by
Mchugh Frank and Mchugh Family Trust
Bought by
Columbia Place Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,168,600
Interest Rate
5.11%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 15, 2005
Sold by
Mchugh Frank
Bought by
Mchugh Frank and Mchugh Family Trust
Source: Public Records

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Range of Values:

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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
Poitras Andrew $326,500 First American Title Company
La Property Hd Llc $305,000 None Available
Columbia Place Investment Llc -- Provident Title Company
Mchugh Frank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Funk Angela $562,000
Closed Funk Angela $407,000
Closed Poitras Andrew $100,000
Closed Poitras Andrew $339,000
Closed Poitras Andrew $321,480
Previous Owner Poitras Andrew $320,488
Previous Owner Columbia Place Investment Llc $1,168,600
Previous Owner Columbia Place Investment Llc $1,168,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2023 07/07/23 Sold $500,000 +2.2% $367 / Sq Ft
06/05/2023 06/05/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $489,000 +48.2% $359 / Sq Ft
02/04/2019 02/04/19 Sold $330,000 -2.9% $242 / Sq Ft
02/04/2019 02/04/19 Pending -- -- --
11/26/2018 11/26/18 For Sale $340,000 -- $249 / 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
2024 $6,156 $500,000 $225,000 $275,000
2023 $4,359 $349,964 $249,178 $100,786
2022 $4,160 $343,103 $244,293 $98,810
2021 $4,101 $336,376 $239,503 $96,873
2019 $3,872 $317,322 $187,272 $130,050
2018 $3,849 $311,100 $183,600 $127,500
2016 $1,732 $136,296 $98,134 $38,162
2015 $1,708 $134,249 $96,660 $37,589
2014 $1,727 $131,620 $94,767 $36,853
Source: Public Records

Agents Affiliated with this Home

  • Kenya Reeves-Costa

    Seller's Agent in 2023

    Kenya Reeves-Costa

    Compass

    (323) 251-8626

    2 in this area

    142 Total Sales

    Kenya Reeves-Costa
    Section Image
  • Lee Ziff

    Buyer's Agent in 2023

    Lee Ziff

    Keller Williams Beverly Hills

    (323) 491-3919

    1 in this area

    73 Total Sales

    Lee Ziff
    Section Image

  • M

    Buyer Co-Listing Agent in 2023

    Michael Ott

    Keller Williams Beverly Hills

    (719) 229-1271

    1 in this area

    3 Total Sales

    Michael Ott
    Section Image

  • W

    Seller's Agent in 2019

    Wayne Hartigan

    Arrow Management Company

    (626) 644-7229

    Wayne Hartigan
    Section Image

  • C

    Buyer's Agent in 2019

    Christine Arcaris

    Compass

    1 in this area

    9 Total Sales

    Christine Arcaris
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-271803

The MLS

APN: 5153-016-029

California Los Angeles County Los Angeles 90026 Westlake

244 Columbia Place, Los Angeles, CA

This home is located at 244 Columbia Place, Los Angeles, CA 90026 since 18 May 2023 and is currently estimated at $647,188, approximately $474 per square foot. This property was built in 1923. 244 Columbia Place is a home located in Los Angeles County with nearby schools including Sal Castro Middle School, Academic Leadership Community Miguel Contreras Learning Complex, and Belmont High School.

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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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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