NOT LISTED FOR SALE

2606 W Pico Blvd Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $2,899,714

7 Beds
5 Baths
7,540 Sq Ft
$385/Sq Ft Est. Value

Last Sold March 23, 2015

Last sale price $1,550,000 $206 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $17,305/month

26 Days on Market

Highlights

  • Gated Parking
  • Guest Parking
  • Central Heating and Cooling System
  • Side by Side Parking

About This Home

As of March 2015

Fantastic Pico Union Investment property! Per public records use code: Commercial/Office/Residential/Mixed Use. Adjacent to Downtown, and minutes away from Korea town! Conveniently located, very close to shopping and transportation. Property is a 2 story building with an 8000+ sqft lot including 10 gated parking spaces. Top floor is approximately 3300 sqft of living space divided into 2 apartment units. One of them a rare, spacious and bright 5 bedroom/2 bath unit approx 2000 sqft, and the other a very roomy 2 bedroom/1 bath unit approx 1300 sqft per owner's estimate. Both units have granite kitchen counter tops and real dark cherry hard wood floors that are very well kept. Bottom floor is a huge warehouse/office with over 4300 sqft of work space. Large patio for use as common area. Roof, A/C unit and Patio only 5 years old. Can be used for many types of businesses. The possibilities are endless!

Last Agent to Sell the Property

Thuymy Ho

Premier Real Estate Broker, Inc. License #01932058 Listed on: 12/26/2014

Last Buyer's Agent

Priscilla Kim

Redpoint Realty License #01301715

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,721

Year Built

  • Built in 1917

Lot Details

  • 8,056

Interior Spaces

  • 7,540 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 10 Parking Spaces
  • Private Parking
  • Side by Side Parking
  • Gated Parking
  • Guest Parking

Additional Features

  • 8,056 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5075-006-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,721

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7540
  • Stories: 2
  • Year Built: 1917
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Dishwasher, Range/Oven
  • Price Per S Q F T: 212.20

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Gated, Parking for Guests, Parking for Guests - Onsite, Private, Side By Side
  • Total Parking: 10

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 142152
  • Assessed Land Value: 364534
  • Assessor Parcel Number: 5075-006-006
  • Geocode Override: No
  • Lot Size Area: 8056

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12000.00
  • Number Of Units: 3
  • Total Annual Expense: 8350
  • Type Of Units: Mixed use
  • Vacancy Rate: 28000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2019
Sold by
Sim Theresa
Bought by
Sim Theresa and Theresa Sim Revocable Trust
Current Estimated Value
$2,899,714

Purchase Details

Listed on
Dec 26, 2014
Closed on
Mar 19, 2015
Sold by
Park Peter Hyohaeng
Bought by
Sim Theresa
Seller's Agent
Thuymy Ho
Premier Real Estate Broker, Inc.
Buyer's Agent
Priscilla Kim
Redpoint Realty
List Price
$1,600,000
Sold Price
$1,550,000
Premium/Discount to List
-$50,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.10%
Original Mortgage
$775,000
Outstanding Balance
$590,489
Interest Rate
3.54%
Mortgage Type
Commercial
Estimated Equity
$2,309,225

Purchase Details

Listed on
Dec 26, 2014
Closed on
Mar 9, 2015
Sold by
Park John
Bought by
Sim Theresa
Seller's Agent
Thuymy Ho
Premier Real Estate Broker, Inc.
Buyer's Agent
Priscilla Kim
Redpoint Realty
List Price
$1,600,000
Sold Price
$1,550,000
Premium/Discount to List
-$50,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Outstanding Balance
$590,489
Interest Rate
3.54%
Mortgage Type
Commercial
Estimated Equity
$2,309,225

Purchase Details

Closed on
Sep 16, 2003
Sold by
Park John and Cruz Brian
Bought by
Park John

Purchase Details

Closed on
Jan 27, 2003
Sold by
Park John
Bought by
Park John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,000
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 2002
Sold by
Park Bong Keun and Park Jom Sook
Bought by
Park John
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
Sim Theresa -- None Available
Sim Theresa -- None Available
Sim Theresa $1,550,000 Lawyers Title
Park John -- --
Park John -- First American Title Co
Cruz Brian -- First American Title Co
Park John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sim Theresa $775,000
Previous Owner Park John $223,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2015 03/23/15 Sold $1,550,000 -3.1% $206 / Sq Ft
01/21/2015 01/21/15 Pending -- -- --
12/26/2014 12/26/14 For Sale $1,600,000 -- $212 / 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 $23,721 $1,862,858 $1,442,217 $420,641
2024 $23,721 $1,826,333 $1,413,939 $412,394
2023 $23,286 $1,790,523 $1,386,215 $404,308
2022 $22,225 $1,755,416 $1,359,035 $396,381
2021 $21,904 $1,720,997 $1,332,388 $388,609
2019 $21,268 $1,669,953 $1,292,869 $377,084
2018 $21,028 $1,637,210 $1,267,519 $369,691
2016 $19,943 $1,573,637 $1,218,300 $355,337
2015 $7,347 $516,809 $371,817 $144,992
2014 $7,391 $506,686 $364,534 $142,152
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Thuymy Ho

    Premier Real Estate Broker, Inc.

    Section Image
  • Priscilla Kim

    Buyer's Agent in 2015

    Priscilla Kim

    Redpoint Realty

    (213) 385-6500

    4 Total Sales

    Priscilla Kim
    Section Image
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Map

Source: The MLS

MLS Number: 14-817431

The MLS

APN: 5075-006-006

California Los Angeles County Los Angeles 90006 Pico-Union

2606 W Pico Blvd, Los Angeles, CA

This home is located at 2606 W Pico Blvd, Los Angeles, CA 90006 since 26 December 2014 and is currently estimated at $2,899,714, approximately $384 per square foot. This property was built in 1917. 2606 W Pico Blvd is a home located in Los Angeles County with nearby schools including Berendo Middle, West Adams Preparatory High School, and Camino Nuevo Elementary #3.

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