NOT LISTED FOR SALE

2620 Hillcrest Dr Los Angeles, CA 90016

West Adams Neighborhood

Estimated Value: $1,012,000 - $1,279,000

4 Beds
3 Baths
2,268 Sq Ft
$488/Sq Ft Est. Value

Last Sold May 14, 2014

Last sale price $415,000 $183 Per Sq Ft

Est. 167% increase in value since last sale

Current estimated payment $6,360/month

131 Days on Market

About This Home

As of May 2014

Triplex located in mid city near schools, shopping, fwys and more. All 3 units are currently tenant occupied. front 2 unit each 2 bed 1 bath and the back unit 1 bed/1 bath unit. There is parking in the rear of the property. This is an excellent investment opportunity. Property is being sold as-is, where is. Please do not disturb tenants. All financed offers must be pre qualified by the sellers preferred lender. BUYER & AGENTS TO DO THIER OWN INVESTIGATIONS VERIFY ALL PERMITS WITH CITY.

Last Agent to Sell the Property

Benny Nassiri

Asset Financial Network, Inc License #01001549 Listed on: 12/04/2013

Last Buyer's Agent

Enny E. Chong

Ivy Realty Co. License #01419676

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,438

Year Built

  • Built in 1947

Lot Details

  • 6,293 Sq Ft Lot

Home Design

  • 2,268 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5050-004-024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,438

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2268
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 185.14

Exterior Features

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

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 3

Lot Info

  • Assessed Improvement Value: 104574
  • Assessed Land Value: 522874
  • Assessor Parcel Number: 5050-004-024
  • Geocode Override: No
  • Lot Size Area: 6293

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Rent Control: 100
  • Type Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2013
Closed on
Apr 23, 2014
Sold by
Chon Kyunghoon
Bought by
Chon Yun
Seller's Agent
Benny Nassiri
Asset Financial Network, Inc
Buyer's Agent
Enny E. Chong
Ivy Realty Co.
List Price
$452,900
Sold Price
$415,000
Premium/Discount to List
-$37,900
-8.37%
Current Estimated Value
$1,107,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$692,000
Avg. Annual Appreciation
8.94%
Original Mortgage
$311,000
Outstanding Balance
$236,774
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$870,226

Purchase Details

Listed on
Dec 4, 2013
Closed on
Apr 17, 2014
Sold by
U S Bank National Association
Bought by
Chon Yun
Seller's Agent
Benny Nassiri
Asset Financial Network, Inc
Buyer's Agent
Enny E. Chong
Ivy Realty Co.
List Price
$452,900
Sold Price
$415,000
Premium/Discount to List
-$37,900
-8.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,000
Outstanding Balance
$236,774
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$870,226

Purchase Details

Closed on
Feb 5, 2013
Sold by
Martinez Esteban
Bought by
Us Bank National Association and Lvs Title Trust I

Purchase Details

Closed on
Feb 4, 2013
Sold by
Martinez Esteban
Bought by
Us Bank National Association

Purchase Details

Closed on
Nov 20, 2007
Sold by
Martinez Esteban
Bought by
Martinez Esteban and Sanchez Reginaldo

Purchase Details

Closed on
Aug 3, 2007
Sold by
Martinez Esteban and Sanchez Reginaldo
Bought by
Martinez Esteban

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2006
Sold by
Martinez Esteban
Bought by
Sanchez Reginaldo

Purchase Details

Closed on
Jan 5, 2005
Sold by
Martinez Elmer Dela O and Martinez Vilma R
Bought by
Martinez Esteban

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,400
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2003
Sold by
Martinez Vilma R and Martinez Vilma
Bought by
Martinez Elmer Dela O and Martinez Vilma R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 1999
Sold by
Southern California Redevelopment Co Llc
Bought by
Martinez Vilma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,472
Interest Rate
7.66%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 8, 1995
Sold by
Smith Clara V
Bought by
Merabank Fsb
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
Chon Yun -- California Title Company
Chon Yun $415,000 California Title Company
Us Bank National Association $553,153 None Available
Us Bank National Association $553,153 None Available
Martinez Esteban -- Accommodation
Martinez Esteban -- Investors Title Company
Sanchez Reginaldo -- None Available
Martinez Esteban $458,000 Gateway Title Company
Martinez Elmer Dela O -- Security Union Title
Martinez Vilma $230,000 First American Title Co
Merabank Fsb -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chon Yun $311,000
Previous Owner Martinez Esteban $510,000
Previous Owner Martinez Esteban $366,400
Previous Owner Martinez Elmer Dela O $264,000
Previous Owner Martinez Vilma $228,472
Closed Martinez Esteban $68,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2014 05/14/14 Sold $415,000 -8.4% $183 / Sq Ft
04/14/2014 04/14/14 Pending -- -- --
12/04/2013 12/04/13 For Sale $452,900 -- $200 / 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 $6,438 $508,721 $355,494 $153,227
2024 $6,438 $498,747 $348,524 $150,223
2023 $6,322 $488,969 $341,691 $147,278
2022 $6,043 $479,383 $334,992 $144,391
2021 $5,959 $469,984 $328,424 $141,560
2020 $6,016 $465,166 $325,057 $140,109
2019 $5,789 $456,046 $318,684 $137,362
2018 $5,670 $447,105 $312,436 $134,669
2016 $5,410 $429,745 $300,304 $129,441
2015 $5,334 $423,291 $295,794 $127,497
2014 $6,435 $502,270 $401,816 $100,454
Source: Public Records

Agents Affiliated with this Home

  • Benny Nassiri

    Seller's Agent in 2014

    Benny Nassiri

    Asset Financial Network, Inc

    (310) 567-7756

    Benny Nassiri
    Section Image

  • E

    Buyer's Agent in 2014

    Enny E. Chong

    Ivy Realty Co.

    (213) 700-6130

    9 Total Sales

    Enny E. Chong
    Section Image
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Map

Source: The MLS

MLS Number: 13-722601

The MLS

APN: 5050-004-024

California Los Angeles County Los Angeles 90016 West Adams

2620 Hillcrest Dr, Los Angeles, CA

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