NOT LISTED FOR SALE

Estimated Value: $1,373,000 - $1,543,000

5 Beds
6 Baths
2,629 Sq Ft
$544/Sq Ft Est. Value

Last Sold March 03, 2021

Last sale price $1,270,000 $483 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $8,895/month

88 Days on Market

Highlights

  • Wood Flooring
  • Built-In Features
  • Central Air
  • Double Pane Windows
  • Tandem Parking
  • 4-minute walk to Gladys Jean Wesson Park

About This Home

As of March 2021

We are pleased to present a four (4) unit apartment building located at 2617 Hillcrest Drive in Los Angeles, California. The subject property is located in a good West Adams location, north of West Jefferson Boulevard and west of Crenshaw Boulevard.Built in 1923, this offering contains a great unit mix of one (1) studio/one-bathroom unit, one (1) one-bedroom/one-bathroom unit, one (1) two-bedroom/two-bathroom unit, and one (1) two-bedroom/two-bathroom bungalow unit. These units were recently remodeled with new hardwood floors, tile, cabinets, fresh paint, and updated bathrooms and kitchens. Each unit comes fully equipped with a refrigerator, gas range, garbage disposal, wall heaters, wall A/C units, energy efficient fixtures, and separate water heaters. Two (2) of the units have washer/dryers installed, the other two (2) units have washer/dryer hook ups ready for installation.

Last Agent to Sell the Property

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 10/29/2020

Last Buyer's Agent

Farzaneh Azizian

Rodeo Realty License #01914943

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,841

Year Built

  • Built in 1923

Lot Details

  • 6,501 Sq Ft Lot

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage
  • Tandem Parking

Interior Spaces

  • 2,629 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Double Pane Windows
  • Wood Flooring

Kitchen

  • Oven or Range
  • Gas and Electric Range
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Remodeled Bathroom
  • 6 Bathrooms

Laundry

  • Laundry in unit
  • Washer

Utilities

  • Central Air
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5057-006-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,841

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2629
  • Lot Acreage: 0.1492
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-Ins
  • Flooring: Hardwood
  • Appliances: Gas/Electric Range, Built-Ins
  • Bedrooms: 5
  • Bathroom Features: Remodeled, Tile
  • Kitchen Features: Remodeled
  • Laundry: In Unit
  • Total Bathrooms: 6.00
  • Equipment: Built-Ins, Gas Dryer Hookup, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 494.48
  • Windows: Double Pane Windows

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 2
  • Covered Parking: 3
  • Garage Structures: 1
  • Parking Garage: Garage - 1 Car, Tandem
  • Total Parking: 5

Utilities

  • Cooling: Central
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 28.57
  • Assessed Improvement Value: 106103
  • Assessed Land Percent: 71.43
  • Assessed Land Value: 265259
  • Total Assessed Value: 371362
  • Assessor Parcel Number: 5057-006-012
  • Lot Size Area: 6501

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.97
  • Number Of Units: 4
  • Total Annual Expense: 24423
  • Type Of Units: Market
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2018
Sold by
Yoris Llc
Bought by
Takata Ryoko
Current Estimated Value
$1,431,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$862,500
Outstanding Balance
$745,918
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$685,514

Purchase Details

Closed on
Jun 25, 2018
Sold by
Hashemieh Azadeh
Bought by
Yoris Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$862,500
Outstanding Balance
$745,918
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$685,514

Purchase Details

Listed on
Nov 13, 2017
Closed on
Feb 8, 2018
Sold by
Hashemiyeh Hashem
Bought by
Hashemieh Azadeh
Seller's Agent
Elijah Korobkin
Central Realty Advisors Inc
Buyer's Agent
Elijah Korobkin
Central Realty Advisors Inc
List Price
$999,999
Sold Price
$940,000
Premium/Discount to List
-$59,999
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.59%
Original Mortgage
$623,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 13, 2017
Closed on
Dec 21, 2017
Sold by
N8 Properties Llc
Bought by
Hashemieh Azadeh
Seller's Agent
Elijah Korobkin
Central Realty Advisors Inc
Buyer's Agent
Elijah Korobkin
Central Realty Advisors Inc
List Price
$999,999
Sold Price
$940,000
Premium/Discount to List
-$59,999
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$623,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 9, 2017
Closed on
Sep 14, 2017
Sold by
Mitchell David
Bought by
N8 Properties Llc
Seller's Agent
Alex Frapech
CB Richard Ellis, Inc.
Buyer's Agent
Elijah Korobkin
Central Realty Advisors Inc
List Price
$805,000
Sold Price
$790,000
Premium/Discount to List
-$15,000
-1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 2012
Sold by
Cochran Dinora
Bought by
Mitchell David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2008
Sold by
Cochran Jim
Bought by
Cochran Dinora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2008
Sold by
Cochran Dinora
Bought by
Cochran Dinora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 1998
Sold by
Menendez Maura
Bought by
Menendez Dinora
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
Takata Ryoko $1,425,000 Old Republic Title Company
Yoris Llc -- Old Republic Title Company
Hashemieh Azadeh -- Usa National Title
Hashemieh Azadeh $940,000 Usa National Title
N8 Properties Llc $790,000 Usa National Title
Mitchell David -- Usa National Title
Mitchell David -- Advantage Title Inc
Cochran Dinora -- Accommodation
Cochran Dinora -- First Southwestern Title Co
Menendez Dinora -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Takata Ryoko $862,500
Previous Owner Hashemieh Azadeh $623,000
Previous Owner N8 Properties Llc $650,000
Previous Owner Mitchell David $485,000
Previous Owner Cochran Dinora $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/03/2021 03/03/21 Sold $1,270,000 -2.3% $483 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
01/14/2021 01/14/21 Price Changed $1,300,000 -3.7% $494 / Sq Ft
12/17/2020 12/17/20 For Sale $1,350,000 +6.3% $514 / Sq Ft
12/17/2020 12/17/20 Off Market $1,270,000 -- --
12/16/2020 12/16/20 For Sale $1,350,000 0.0% $514 / Sq Ft
12/10/2020 12/10/20 Pending -- -- --
12/04/2020 12/04/20 Price Changed $1,350,000 -3.6% $514 / Sq Ft
11/09/2020 11/09/20 Price Changed $1,400,000 -5.1% $533 / Sq Ft
10/29/2020 10/29/20 For Sale $1,475,000 +56.9% $561 / Sq Ft
02/14/2018 02/14/18 Sold $940,000 -6.0% $358 / Sq Ft View Prior Sale
11/30/2017 11/30/17 Pending -- -- --
11/13/2017 11/13/17 For Sale $999,999 +26.6% $380 / Sq Ft
11/01/2017 11/01/17 Sold $790,000 -1.9% $300 / Sq Ft View Prior Sale
09/15/2017 09/15/17 For Sale $805,000 0.0% $306 / Sq Ft
09/11/2017 09/11/17 Pending -- -- --
06/26/2017 06/26/17 For Sale $805,000 +1.9% $306 / Sq Ft
06/22/2017 06/22/17 Off Market $790,000 -- --
02/09/2017 02/09/17 For Sale $805,000 +66.0% $306 / Sq Ft
07/12/2012 07/12/12 Sold $485,000 0.0% $184 / Sq Ft View Prior Sale
07/10/2012 07/10/12 Pending -- -- --
03/10/2012 03/10/12 For Sale $485,000 -- $184 / 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 $16,841 $1,374,688 $1,082,432 $292,256
2024 $16,656 $1,347,734 $1,061,208 $286,526
2023 $16,339 $1,321,308 $1,040,400 $280,908
2022 $15,587 $1,295,400 $1,020,000 $275,400
2021 $17,725 $1,468,558 $1,097,554 $371,004
2020 $17,907 $1,453,500 $1,086,300 $367,200
2019 $17,197 $1,425,000 $1,065,000 $360,000
2018 $9,804 $790,000 $700,000 $90,000
2016 $4,655 $364,081 $260,058 $104,023
2015 $4,591 $358,613 $256,152 $102,461
2014 $4,626 $351,589 $251,135 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-653464

The MLS

APN: 5057-006-012