NOT LISTED FOR SALE

2778 W 8th St Los Angeles, CA 90005

Westlake Neighborhood

Estimated Value: $1,507,000 - $2,079,000

-- Bed
-- Bath
5,420 Sq Ft
$324/Sq Ft Est. Value

Last Sold March 28, 2013

Last sale price $750,000 $138 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $10,176/month

5 Days on Market

About This Home

As of March 2013

Savvy investors and/or builder developers - take notice of this Korea town opportunity. Prime 8th St. location along the Korea town to Downtown corridor. Classic 4 unit 2 bedroom apartment building circa 1914 - family owned for 40+ years with a gated parking lot. Property on a large lot - zoned for commercial or mixed use. It's a great opportunity to collect income while considering future development. 2 Units delivered vacant at close of escrow. Do not disturb tenants - Call listing agents for showings.

Last Agent to Sell the Property

Richard Weisdorf

Compass License #01236219 Listed on: 02/28/2013

Compass

Co-Listed By

Giovanni Herrera

Citi Homes Realty, Inc. License #01131530

Last Buyer's Agent

Richard Weisdorf

Compass License #01236219 Listed on: 02/28/2013

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,655

Year Built

  • Built in 1914

Lot Details

  • 6,259 Sq Ft Lot

Interior Spaces

  • 5,420 Sq Ft Home
  • 2-Story Property

Parking

  • 3 Car Garage
  • Auto Driveway Gate

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5077-021-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,655

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5420
  • Stories: 2
  • Year Built: 1914
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 133.03

Exterior Features

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

Garage/Parking

  • Parking Garage: Driveway Gate, Garage - 3 Car
  • Total Parking: 4

Lot Info

  • Assessed Improvement Value: 21362
  • Assessed Land Value: 53640
  • Assessor Parcel Number: 5077-021-011
  • Geocode Override: No
  • Lot Size Area: 6259

Multi Family

  • Unit Type: 2106
  • Number Of Units: 4
  • Type Of Units: All- 2BR/1BA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2020
Sold by
Kim Akie
Bought by
Kim Brian and Kim Akie
Current Estimated Value
$1,755,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,035,999
Outstanding Balance
$733,986
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,021,166

Purchase Details

Listed on
Feb 28, 2013
Closed on
Mar 18, 2013
Sold by
Popek Maria Olga and Popek Del Aguila
Bought by
Popek Maria Olga and Del Aquila Frank
Seller's Agent
Richard Weisdorf
Compass
Buyer's Agent
Richard Weisdorf
Compass
List Price
$721,000
Sold Price
$750,000
Premium/Discount to List
$29,000
4.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.99%

Purchase Details

Listed on
Feb 28, 2013
Closed on
Mar 7, 2013
Sold by
Kim Brian
Bought by
Kim Akle
Seller's Agent
Richard Weisdorf
Compass
Buyer's Agent
Richard Weisdorf
Compass
List Price
$721,000
Sold Price
$750,000
Premium/Discount to List
$29,000
4.02%

Purchase Details

Listed on
Feb 28, 2013
Closed on
Mar 6, 2013
Sold by
Scheib Gloria Patricia Escobar and Popek Maria Olga
Bought by
Kim Akle
Seller's Agent
Richard Weisdorf
Compass
Buyer's Agent
Richard Weisdorf
Compass
List Price
$721,000
Sold Price
$750,000
Premium/Discount to List
$29,000
4.02%

Purchase Details

Closed on
Mar 1, 2011
Sold by
Scheib Joselyn and Scheib Joselyn Escrobar
Bought by
Popek Maria Olga and Del Aquila Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
4.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 25, 2010
Sold by
Popek Greg A
Bought by
Popek Maria Olga

Purchase Details

Closed on
Jan 8, 2003
Sold by
Delaguila Olga Graciela
Bought by
Delaguila Popek Maria O
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
Kim Brian -- American Coast Title
Popek Maria Olga -- Equity Title Los Angeles
Kim Akle -- Equity Title Los Angeles
Kim Akle $750,000 Equity Title Los Angeles
Popek Maria Olga -- Equity Title Los Angeles
Popek Maria Olga $130,000 Provident Title Company
Popek Maria Olga -- None Available
Delaguila Popek Maria O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Brian $1,035,999
Previous Owner Popek Maria Olga $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2013 03/28/13 Sold $750,000 +4.0% $138 / Sq Ft
03/05/2013 03/05/13 Pending -- -- --
02/28/2013 02/28/13 For Sale $721,000 -- $133 / 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 $11,655 $923,561 $615,709 $307,852
2024 $11,655 $905,453 $603,637 $301,816
2023 $11,443 $887,700 $591,801 $295,899
2022 $10,934 $870,296 $580,198 $290,098
2021 $10,774 $853,232 $568,822 $284,410
2020 $10,876 $844,484 $562,990 $281,494
2019 $10,463 $827,926 $551,951 $275,975
2018 $10,309 $811,693 $541,129 $270,564
2016 $9,819 $780,175 $520,117 $260,058
2015 $9,680 $768,457 $512,305 $256,152
2014 $9,734 $753,405 $502,270 $251,135
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Richard Weisdorf

    Compass

    Section Image
  • Giovanni Herrera

    Seller Co-Listing Agent in 2013

    Giovanni Herrera

    Citi Homes Realty, Inc.

    (323) 899-0257

    13 Total Sales

    Giovanni Herrera
    Section Image
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Map

Source: The MLS

MLS Number: 13-654641

The MLS

APN: 5077-021-011

California Los Angeles County Los Angeles 90005 Westlake

2778 W 8th St, Los Angeles, CA

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