NOT LISTED FOR SALE

2616 Somerset Dr Los Angeles, CA 90016

West Adams Neighborhood

Estimated Value: $1,135,685 - $1,437,000

8 Beds
4 Baths
4,792 Sq Ft
$269/Sq Ft Est. Value

Last Sold January 23, 2023

Last sale price $1,050,000 $219 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $8,161/month

162 Days on Market

About This Home

As of January 2023

Great opportunity to own a 4 well maintained two story Spanish style income property in the highly desired mid city area. All units are spacious 2 bedroom and 1 bathroom with nice size living room and dining room. Curved interior arches with all original architectural characteristic and spacious balcony. Four one car garages with security gate. This property is located within the city of Los Angeles zoning area of LARD1.5 which may allow for additional unit to be built, check with city of Los Angeles. Property is subject to Rent stabilization Ordinance. Property will be sold "AS-IS" condition with current tenants in place. Submit offers subject to interior inspection. Do not walk on the property or disturb the tenants. DRIVE BY ONLY. Motivated Seller.

Last Agent to Sell the Property

David Moradifar

HomeSmart, Evergreen Realty License #01881072 Listed on: 05/17/2022

HomeSmart, Evergreen Realty

Co-Listed By

Mitra Moradifar

Compass License #01230785

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,521

Year Built

  • Built in 1928

Lot Details

  • 6,286 Sq Ft Lot

Home Design

  • 4,792 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Car Detached Garage
  • Assigned Parking

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for gardener, water
  • Assessor Parcel Number 5050-001-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,521

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4792
  • Lot Acreage: 0.1443
  • Year Built: 1928
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 239.98

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Detached, Assigned
  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 30.64
  • Assessed Improvement Value: 289815
  • Assessed Land Percent: 69.36
  • Assessed Land Value: 656186
  • Total Assessed Value: 946001
  • Assessor Parcel Number: 5050-001-012
  • Lot Size Area: 6286

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Gas, Electricity, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Quadruplex
  • Vacancy Rate: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2022
Sold by
Pez Properties Llc
Bought by
Is Capital Tic 1 Llc
Current Estimated Value
$1,290,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 2, 2016
Closed on
May 4, 2016
Sold by
Pezeshki Behrooz
Bought by
Pez Properties Llc
Seller's Agent
Walner H Hernandez
RE/MAX Alliance Group
Buyer's Agent
'Moradifar, Mitr Moradifar
HomeSmart, Evergreen Realty
List Price
$909,990
Sold Price
$865,000
Premium/Discount to List
-$44,990
-4.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.41%
Original Mortgage
$648,750
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 2, 2016
Closed on
Apr 20, 2016
Sold by
Foreman Jeffrey E
Bought by
Pezeshki Behrooz and Pezeshki Edna
Seller's Agent
Walner H Hernandez
RE/MAX Alliance Group
Buyer's Agent
'Moradifar, Mitr Moradifar
HomeSmart, Evergreen Realty
List Price
$909,990
Sold Price
$865,000
Premium/Discount to List
-$44,990
-4.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,750
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 26, 2007
Sold by
Foreman Jeffrey E and Foreman Sabrina L
Bought by
Foreman Jeffrey E
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
Is Capital Tic 1 Llc $1,050,000 Lawyers Title Company
Pez Properties Llc -- None Available
Pezeshki Behrooz $865,000 Pacific Coast Title Company
Foreman Jeffrey E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Is Capital Tic 1 Llc $1,489,331
Previous Owner Is Capital Tic 1 Llc $840,000
Previous Owner Pezeshki Behrooz $609,000
Previous Owner Pezeshki Behrooz $648,750
Previous Owner Foreman Jeffrey E $278,000
Previous Owner Foreman Jeffrey E $255,500
Previous Owner Foreman Jeffrey E $186,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2023 01/23/23 Sold $1,050,000 -8.7% $219 / Sq Ft
10/26/2022 10/26/22 Pending -- -- --
07/18/2022 07/18/22 Price Changed $1,150,000 -3.8% $240 / Sq Ft
07/18/2022 07/18/22 For Sale $1,195,000 +13.8% $249 / Sq Ft
07/11/2022 07/11/22 Off Market $1,050,000 -- --
06/26/2022 06/26/22 For Sale $1,195,000 0.0% $249 / Sq Ft
06/14/2022 06/14/22 Pending -- -- --
06/01/2022 06/01/22 Price Changed $1,195,000 -7.7% $249 / Sq Ft
05/17/2022 05/17/22 For Sale $1,295,000 +49.7% $270 / Sq Ft
04/29/2016 04/29/16 Sold $865,000 -4.9% $181 / Sq Ft
03/02/2016 03/02/16 For Sale $909,990 -- $190 / 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 $13,521 $1,092,420 $655,452 $436,968
2024 $13,521 $1,071,000 $642,600 $428,400
2023 $12,481 $984,218 $682,695 $301,523
2022 $11,918 $964,920 $669,309 $295,611
2021 $11,750 $946,001 $656,186 $289,815
2019 $11,407 $917,944 $636,724 $281,220
2018 $11,261 $899,946 $624,240 $275,706
2016 $3,423 $251,516 $108,085 $143,431
2015 $3,379 $247,739 $106,462 $141,277
2014 $3,418 $242,887 $104,377 $138,510
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    David Moradifar

    HomeSmart, Evergreen Realty

    (310) 954-0577

    1 in this area

    8 Total Sales

    David Moradifar
    Section Image

  • M

    Seller Co-Listing Agent in 2023

    Mitra Moradifar

    Compass

    (310) 383-7253

    1 in this area

    19 Total Sales

    Mitra Moradifar
    Section Image
  • Cameron Samimi

    Buyer's Agent in 2023

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    1 in this area

    184 Total Sales

    Cameron Samimi
    Section Image

  • W

    Seller's Agent in 2016

    Walner H Hernandez

    RE/MAX

    Section Image

  • E

    Buyer's Agent in 2016

    Ethan Moradifar

    Keller Williams Rlty Brentwood

See All Agents

Map

Source: The MLS

MLS Number: 22-157893

The MLS

APN: 5050-001-012

California Los Angeles County Los Angeles 90016 West Adams

2616 Somerset Dr, Los Angeles, CA

This home is located at 2616 Somerset Dr, Los Angeles, CA 90016 since 17 May 2022 and is currently estimated at $1,290,921, approximately $269 per square foot. This property was built in 1928. 2616 Somerset Dr is a home located in Los Angeles County with nearby schools including Virginia Road Elementary School, Johnnie L. Cochran Jr. Middle School, and Susan Miller Dorsey Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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