$1,250,000
SOLD JAN 4, 2025
4 Beds
4 Baths
2,630 Sq Ft
4,809 Sq Ft Lot

Recently Sold

$475 Per Sq Ft

2% Below List Price

44 Days on Market

About This Home

As of January 2025

We are pleased to present a turn-key 4-unit property (2 NEW AND VACANT units) located in the highly desirable West Adams neighborhood. The building currently operates at a 6.15% CAP and 11.92 GRM on current rents (assuming market for the vacant units)! The property consists of two separate, single-story structures built in 1924 and 2024 (two new build ADUs) with a unit mix of 2 one-bedroom 1 bath units, 1 two-bedroom 1 bath unit, and 1 studio unit. With two vacant renovated units, there is an immediate opportunity for an owner user to live in one unit and rent out the others, or for an investor to capture immediate upside and re-rent both units at market rents in a highly coveted and proven submarket. This opportunity is located just South of Adams Blvd and West of La Brea Ave in very close proximity to one of the trendiest corridors in Los Angeles. Located a short walk away from numerous iconic West Adams restaurants, including Tartine, Alta, Mizlala, Farmhouse Kitchen, Chulita, and Cento, this property is strategically situated nearby a booming corridor that consists of restaurants, new hotels, art galleries, and production studios throughout. Contact the listing broker to coordinate a tour.

Last Agent to Sell the Property

Casey Lins

Kidder Mathews of California, Inc. License #01902650 Listed on: 11/20/2024

Last Buyer's Agent

Jesse Yang

American Home Realty License #01968534

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,187

Year Built

  • Built in 1924

Interior Spaces

  • 2,630 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Driveway

Additional Features

  • 4,809 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5049-015-028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,187

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 2630
  • Lot Acreage: 0.1104
  • Probate: No
  • Year Built: 1924
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 484.79

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 3
  • Parking Garage: Driveway - Concrete
  • Total Parking: 3

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 18.20
  • Assessed Improvement Value: 146880
  • Assessed Land Percent: 81.8
  • Assessed Land Value: 659940
  • Total Assessed Value: 806820
  • Assessor Parcel Number: 5049-015-028
  • Lot Size Area: 4809

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.92
  • Number Of Units: 4
  • Total Annual Expense: 28498
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2024
Closed on
Dec 19, 2024
Sold by
Golden Equities Fund Llc
Bought by
Klph Llc
Seller's Agent
Casey Lins
Kidder Mathews of California, Inc.
Buyer's Agent
Jesse Yang
American Home Realty
List Price
$1,275,000
Sold Price
$1,250,000
Premium/Discount to List
-$25,000
-1.96%
Views
15
Current Estimated Value
$1,218,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,468
Avg. Annual Appreciation
-4.53%

Purchase Details

Closed on
Aug 16, 2021
Sold by
Stewart Ronda E
Bought by
Golden Equities Fund Llc

Purchase Details

Closed on
Jun 1, 2006
Sold by
Route Bessie L
Bought by
Route Bessie L and Stewart Ronda E
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,250,000 Orange Coast Title Company
Grant Deed $635,000 Lawyers Title
Interfamily Deed Transfer -- Accommodation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $125,000 Adjustable Rate Mortgage/ARM
Previous Owner $95,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2025 01/04/25 Sold $1,250,000 -2.0% $475 / Sq Ft
11/20/2024 11/20/24 For Sale $1,275,000 -- $485 / 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
2024 $10,187 $822,955 $673,138 $149,817
2023 $9,995 $806,820 $659,940 $146,880
2022 $9,536 $791,000 $647,000 $144,000
2021 $708 $34,586 $21,710 $12,876
2020 $710 $700,396 $573,052 $127,344
2019 $8,363 $686,664 $561,816 $124,848
2018 $8,307 $673,200 $550,800 $122,400
2016 $607 $31,626 $19,852 $11,774
2015 $602 $31,152 $19,554 $11,598
2014 $627 $30,542 $19,171 $11,371
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-465517

The MLS

APN: 5049-015-028