NOT LISTED FOR SALE

Estimated Value: $982,000 - $1,538,883

4 Beds
3 Baths
3,212 Sq Ft
$365/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $865,000 $269 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $7,313/month

241 Days on Market

Highlights

  • Corner Lot
  • Fenced Yard
  • Bathtub with Shower
  • Lawn
  • 2 Car Attached Garage
  • 3-minute walk to Benny H. Potter West Adams Avenues Memorial Park

About This Home

As of March 2023

Spacious townhouse style units, with large dining areas and central air conditioning. One unit faces W. Adams Blvd and the other faces 3rd Ave. Each unit has 2 bedrooms upstairs along with an additional sun room/ office adjacent to one of the bedrooms. Both units have direct access to a lovely walled in patio area. In addition, there is a large seperate walled in yard area to the north of the driveway and garage which you enter from 3rd Ave, perhaps this is the spot for an ADU to be built. Please note zoning is LAR3. Buyer to confirm any building plans with City of Los Angeles. This property provides unique opportunities for owner occupants and investors alike.

Last Agent to Sell the Property

Edy Roberts

Compass License #00878626 Listed on: 06/06/2022

Compass

Last Buyer's Agent

Monica Chun

New Star Realty & Investment License #01494582

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,114

Year Built

  • Built in 1921

Lot Details

  • 7,501 Sq Ft Lot
  • West Facing Home
  • Fenced Yard
  • Corner Lot
  • Lawn
  • Back and Front Yard

Home Design

  • Duplex
  • Cosmetic Repairs Needed

Interior Spaces

  • 3,212 Sq Ft Home
  • 2-Story Property
  • French Doors
  • Living Room
  • Dining Area

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • 3 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Property is located within a water district
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 5059-027-008

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,114

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Spacious townhouse style units, with large dining areas and central air conditioning. One unit faces W. Adams Blvd and the other faces 3rd Ave. In addition to 2 bedrooms, each unit has an enclosed sitting area/office adjacent to a bedroom and both units have direct access to a lovely walled in patio area. Please note a large seperate walled in yard area to the north of the driveway and garage which you enter from 3rd Ave. Zoning is LAR3. This property provides unique opportunities for owner occupants and investors alike. Both units are currently tenant occupied.
  • Entry Location: Ground Level w/steps
  • Exclusions: appliances belong to tenants
  • Living Area: 3212
  • Lot Acreage: 0.1722
  • Property Condition: Repair Cosmetic
  • Stories: 2
  • Year Built: 1921
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 2
  • Number Dishwasher: 2
  • Number Disposal: 2
  • Number Drapes: 2
  • Flooring: Carpet, Linoleum, Mixed, Laminate
  • Appliances: Free Standing Gas
  • Bedrooms: 4
  • Bedroom Features: All Bedrooms Up
  • Bathroom Features: Shower Over Tub
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area, Room
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Garbage Disposal, Dishwasher, Gas Dryer Hookup
  • Price Per S Q F T: 269.30

Exterior Features

  • Direction Faces: West
  • Other Features: French Doors
  • Other Structures: None
  • Number Patio: 2
  • Patio: Concrete Slab, Covered

Garage/Parking

  • Other Spaces: 2
  • Garage Structures: 1
  • Parking Garage: Driveway, Garage Is Detached
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Cooling: Central
  • Heating: Forced Air
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer: In Connected and Paid
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 34.89
  • Assessed Improvement Value: 109439
  • Assessed Land Percent: 65.11
  • Assessed Land Value: 204197
  • Total Assessed Value: 313636
  • Assessor Parcel Number: 5059-027-008
  • Lot Description: Fenced Yard, Front Yard, Back Yard, Lawn, Yard
  • Lot Location: Corner Lot
  • Lot Size Area: 7501

Rental Info

  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 22.00
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 20443
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2022
Closed on
Mar 10, 2023
Sold by
Bartlett Trust
Bought by
Kwon Neil Dongha
Seller's Agent
Edy Roberts
Compass
Buyer's Agent
Monica Chun
New Star Realty & Investment
List Price
$1,025,800
Sold Price
$865,000
Premium/Discount to List
-$160,800
-15.68%
Views
13
Current Estimated Value
$1,172,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,221
Avg. Annual Appreciation
11.98%
Original Mortgage
$605,000
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 1999
Sold by
Bartlett Bertram W and Bartlett Harriet Tillman
Bought by
Bartlett Harriet Tillman and Bartlett Trust
Source: Public Records

Range of Values:

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Average Value
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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
Kwon Neil Dongha $865,000 Lawyers Title
Bartlett Harriet Tillman -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kwon Neil Dongha $605,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2023 03/15/23 Sold $865,000 0.0% $269 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
01/12/2023 01/12/23 Price Changed $865,000 -11.3% $269 / Sq Ft
09/10/2022 09/10/22 Price Changed $975,000 -5.0% $304 / Sq Ft
06/06/2022 06/06/22 For Sale $1,025,800 -- $319 / 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 $11,114 $899,946 $629,442 $270,504
2024 $11,114 $882,300 $617,100 $265,200
2023 $4,484 $326,304 $212,445 $113,859
2022 $4,296 $319,907 $208,280 $111,627
2021 $4,226 $313,636 $204,197 $109,439
2019 $4,111 $304,336 $198,142 $106,194
2018 $4,033 $298,369 $194,257 $104,112
2016 $3,835 $286,785 $186,715 $100,070
2015 $3,784 $282,478 $183,911 $98,567
2014 $3,811 $276,946 $180,309 $96,637
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-162347

The MLS

APN: 5059-027-008