NOT LISTED FOR SALE

Estimated Value: $1,254,000 - $1,426,000

5 Beds
3 Baths
3,050 Sq Ft
$440/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $1,350,000 $443 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,949/month

13 Days on Market

Highlights

  • Living Room with Fireplace
  • Ceiling Fan
  • 2-minute walk to Benny H. Potter West Adams Avenues Memorial Park
  • Laundry Room
  • 3 Car Garage

About This Home

As of June 2022

Welcome to this lovely triplex located in the highly desirable Historic West Adams Terrace (HPOZ) one of the oldest neighborhoods in the city of Los Angeles. Once one of the wealthiest districts popular for its Victorian Mansions and Craftsman Bungalows. Enjoy the exciting revitalization and preservation of this neighborhood. These delightful Units have been nicely preserved with much of their original charm still in place. The two front units 2521 and 2523 are both two bedroom, one bath and each have a large living room with fireplace, formal dining room, spacious kitchen and individual laundry area. The unit in the back 2521 1/2 has its own private entrance. This unit has a living room and kitchen area on the first level and stairs leading up to a bedroom on the second level with a bathroom and closet. The property has three single car garages and additional parking spaces. This property is located on a spacious 7,504 Square foot Lot and is zoned LARD2. This attractive property is located minutes from the 10 and 110 Freeways, the Natural History Museum of Los Angeles, USC, Exposition Park, Los Angeles Memorial Coliseum, the Banc of California Stadium, the new Expo Line and other inspiring developments. Utilize this exciting opportunity to purchase vacant units and make this beautiful property your own.

Last Agent to Sell the Property

Michelle Covington

Compass License #01975177 Listed on: 04/21/2022

Compass

Last Buyer's Agent

Toni Patillo

eXp Realty of California Inc License #01313287

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,419

Year Built

  • Built in 1922

Lot Details

  • 7,504

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Driveway

Home Design

  • Triplex

Interior Spaces

  • 3,050 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • 7,504 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5059-027-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,419

Year Built

Built in 1922

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3050
  • Lot Acreage: 0.1723
  • Probate: Yes
  • Year Built: 1922
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Bedrooms: 5
  • Laundry: In Unit, Laundry Area
  • Total Bathrooms: 3.00
  • Equipment: Ceiling Fan, Range/Oven, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 377.05

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 3
  • Parking Garage: Driveway, Garage
  • Total Parking: 6

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 39.29
  • Assessed Improvement Value: 240601
  • Assessed Land Percent: 60.71
  • Assessed Land Value: 371838
  • Total Assessed Value: 612439
  • Assessor Parcel Number: 5059-027-003
  • Lot Size Area: 7504

Rental Info

  • Court Approve: No

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2022
Sold by
Hughes Rikki
Bought by
Hughes Heirs Llc
Total Days on Market
13
Current Estimated Value
$1,340,683

Purchase Details

Closed on
May 27, 2016
Sold by
Dennis Deborah L
Bought by
Estate Of Gloria J Johnson

Purchase Details

Closed on
Nov 21, 2011
Sold by
Decastro Decastro Susan Susan and Decastro Johnson Susan
Bought by
Johnson Gloria J and Johnson Dennis Deborah

Purchase Details

Closed on
Dec 23, 1993
Sold by
Decastro Johnson Daniel L and Decastro Johnson Susan
Bought by
Johnson Gloria and Johnson Daniel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.88%

Purchase Details

Closed on
Oct 28, 1993
Sold by
Johnson Gloria
Bought by
Johnson Daniel L and Johnson Susan De Castro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.88%
Source: Public Records

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Range of Values:

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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
Hughes Heirs Llc -- --
Estate Of Gloria J Johnson -- None Available
Johnson Gloria J -- Investors Title
Johnson Gloria -- California Counties Title Co
Johnson Daniel L -- Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Gloria J $105,000
Previous Owner Johnson Daniel L $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $1,350,000 +17.4% $443 / Sq Ft
05/04/2022 05/04/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $1,150,000 -- $377 / 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 $17,419 $1,404,540 $936,360 $468,180
2023 $17,088 $1,377,000 $918,000 $459,000
2022 $7,851 $624,687 $379,274 $245,413
2021 $7,742 $612,439 $371,838 $240,601
2020 $7,815 $606,160 $368,026 $238,134
2019 $7,519 $594,275 $360,810 $233,465
2018 $7,352 $582,624 $353,736 $228,888
2016 $4,764 $371,362 $265,259 $106,103
2015 $4,698 $365,785 $261,275 $104,510
2014 $4,734 $358,620 $256,157 $102,463
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-148661

The MLS

APN: 5059-027-003