NOT LISTED FOR SALE

2508 Naomi Ave Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $771,000 - $933,000

14 Beds
4 Baths
5,208 Sq Ft
$162/Sq Ft Est. Value

Last Sold August 02, 2019

Last sale price $555,000 $107 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $5,231/month

84 Days on Market

About This Home

As of August 2019

The subject property is a 4 unit apartment complex with a unit mix of two 3 bedroom, 2 bathroom units, and two 4 bedroom, 1 bathroom units. The improvements are built on a 3,438 square foot lot with total rentable square footage of 5,208. The property is located on the east side of Naomi Ave in Central-Alameda (just south of DTLA), just south of 25th St and north of E Adams Blvd. This property is a major fixer with substantial upside in rents-major renovations are on-going. The property sits conveniently near Downtown LA and in close proximity to the neighboring communities of Historic South Central, Exposition Park, Pico-Union, South Park, University Park, and Vermont Square, major freeways, and much more. This property can be sold on its own or as part of a portfolio including 1155 E 24th St and 1352 E 21st St. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals.

Last Agent to Sell the Property

Zachary Krasman

Compass License #01814990 Listed on: 03/21/2019

Compass

Last Buyer's Agent

Zachary Krasman

Compass License #01814990 Listed on: 03/21/2019

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,766

Year Built

  • Built in 1895

Lot Details

  • 4,300 Sq Ft Lot

Interior Spaces

  • 5,208 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Unassigned Parking

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5119-023-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,766

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5208
  • Stories: 2
  • Year Built: 1895
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 122.89

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Unassigned
  • Total Parking: 4

Lot Info

  • Assessed Improvement Value: 175010
  • Assessed Land Value: 87497
  • Assessor Parcel Number: 5119-023-020
  • Geocode Override: No
  • Lot Size Area: 4300

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.66
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 20583
  • Type Of Units: Apartments
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2021
Sold by
Kahen Soleyman
Bought by
2508 Naomi Llc
Current Estimated Value
$843,000

Purchase Details

Closed on
Aug 25, 2020
Sold by
Kahen Edna
Bought by
Kahen Soleyman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2020
Sold by
2508 Naomi Llc
Bought by
Kahen Soleyman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 21, 2019
Closed on
Jul 18, 2019
Sold by
Nguyen Thong
Bought by
2508 Naomi Llc
Seller's Agent
Zachary Krasman
Compass
Buyer's Agent
Zachary Krasman
Compass
List Price
$640,000
Sold Price
$555,000
Premium/Discount to List
-$85,000
-13.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.48%
Original Mortgage
$827,400
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 31, 2018
Closed on
Aug 13, 2018
Sold by
Cruz Gregorlo
Bought by
Nguyen Thong
Seller's Agent
Julio Juarez
Keller Williams Pacific Estates Cerritos
Buyer's Agent
Julio Juarez
Keller Williams Pacific Estates Cerritos
List Price
$560,000
Sold Price
$605,000
Premium/Discount to List
$45,000
8.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.68%
Original Mortgage
$484,000
Interest Rate
4.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
2508 Naomi Llc -- Accommodation
Kahen Soleyman -- First American Title Ins Co
Kahen Soleyman -- First American Title Ins Co
2508 Naomi Llc $555,000 Fidelity National Title
Nguyen Thong $605,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kahen Soleyman $770,000
Previous Owner 2508 Naomi Llc $827,400
Previous Owner Nguyen Thong $484,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2019 08/02/19 Sold $555,000 -13.3% $107 / Sq Ft
06/13/2019 06/13/19 Pending -- -- --
06/13/2019 06/13/19 For Sale $640,000 +15.3% $123 / Sq Ft
06/12/2019 06/12/19 Off Market $555,000 -- --
05/21/2019 05/21/19 Price Changed $640,000 -10.5% $123 / Sq Ft
03/21/2019 03/21/19 For Sale $715,000 +18.2% $137 / Sq Ft
08/21/2018 08/21/18 Sold $605,000 +8.0% $141 / Sq Ft
08/08/2018 08/08/18 Pending -- -- --
07/31/2018 07/31/18 For Sale $560,000 -- $131 / 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 $7,766 $606,969 $328,093 $278,876
2024 $7,766 $595,068 $321,660 $273,408
2023 $7,624 $583,401 $315,353 $268,048
2022 $11,959 $973,080 $585,480 $387,600
2021 $7,168 $560,749 $303,108 $257,641
2020 $7,232 $555,000 $300,000 $255,000
2019 $7,675 $605,000 $350,000 $255,000
2018 $3,704 $267,756 $89,246 $178,510
2016 $3,487 $257,361 $85,782 $171,579
2015 $3,441 $253,496 $84,494 $169,002
2014 $3,477 $248,531 $82,839 $165,692
Source: Public Records

Agents Affiliated with this Home

  • Zachary Krasman

    Seller's Agent in 2019

    Zachary Krasman

    Compass

    (626) 205-4040

    102 Total Sales

    Zachary Krasman
    Section Image

  • J

    Seller's Agent in 2018

    Julio Juarez

    Keller Williams Pacific Estates Cerritos

    Section Image
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Map

Source: The MLS

MLS Number: 19-446400

The MLS

APN: 5119-023-020

California Los Angeles County Los Angeles 90011 Central Alameda

2508 Naomi Ave, Los Angeles, CA

This home is located at 2508 Naomi Ave, Los Angeles, CA 90011 since 21 March 2019 and is currently estimated at $843,000, approximately $161 per square foot. This property was built in 1895. 2508 Naomi Ave is a home located in Los Angeles County with nearby schools including Nevin Avenue Elementary School, Thomas Jefferson Senior High School, and Nava College Preparatory Academy.

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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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