$500,000
SOLD APR 1, 2025
2 Beds
2 Baths
1,072 Sq Ft
4,800 Sq Ft Lot

Recently Sold

$466 Per Sq Ft

23% Below List Price

239 Days on Market

About This Home

As of April 2025

It's Finally RTI Approved - Fantastic Development Opportunity for Developers! Purchase NOW "AS IS." *PLANS* of this property comprises two duplexes on the lot, one smaller and the other larger. Smaller DUPLEX (Building #1): 2 bedrooms and 1.5 bathrooms. Lower Level: Parking for two cars with compact and standard stalls. 1st Floor: Living, Dining, Kitchen, and Powder Room 2nd Floor: Master Bedroom, 2nd Bedroom, and Hallway Bathroom. Larger DUPLEX (Building #2): 3 bedrooms and 2.5 bathrooms. Lower Level: Parking for two cars with compact and standard stalls 1st Floor: Living, Dining, Kitchen, Powder Room, and Bedroom. 2nd Floor: Master Bedroom with Ensuite, additional Bedroom, and Hallway Bathroom. This property is strategically located near Downtown Los Angeles, the Staples Center, Convention Center, and USC, making it an ideal investment opportunity. Please note that a Cash Offer/Hard Money is required for this purchase. Act fast as this development prospect won't last long!

Last Agent to Sell the Property

Sandy Dunkley

Equity Los Angeles License #01832146 Listed on: 03/10/2025

Equity Los Angeles

Last Buyer's Agent

Sandy Dunkley

Equity Los Angeles License #01832146 Listed on: 03/10/2025

Equity Los Angeles

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 4,800 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,072 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5128-008-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1072
  • Year Built: 1908
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 606.34

Exterior Features

  • Other Structures: None

Lot Info

  • Assessed Improvement Value: 33797
  • Assessed Land Value: 105288
  • Assessor Parcel Number: 5128-008-002
  • Lot Size Area: 4800

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2025
Closed on
Apr 28, 2025
Sold by
Associates Ns Llc
Bought by
Associates Ns Llc
Seller's Agent
Sandy Dunkley
Equity Los Angeles
Buyer's Agent
Sandy Dunkley
Equity Los Angeles
List Price
$650,000
Sold Price
$500,000
Premium/Discount to List
-$150,000
-23.08%
Views
9
Current Estimated Value
$539,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,095
Avg. Annual Appreciation
10.86%
Original Mortgage
$1,375,000
Outstanding Balance
$813,143
Interest Rate
6.65%
Mortgage Type
Construction
Estimated Equity
-$274,048

Purchase Details

Listed on
Mar 10, 2025
Closed on
Mar 14, 2025
Sold by
Lee First Properties Llc
Bought by
Associates Ns Llc
Seller's Agent
Sandy Dunkley
Equity Los Angeles
Buyer's Agent
Sandy Dunkley
Equity Los Angeles
List Price
$650,000
Sold Price
$500,000
Premium/Discount to List
-$150,000
-23.08%
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,375,000
Outstanding Balance
$813,143
Interest Rate
6.65%
Mortgage Type
Construction
Estimated Equity
-$274,048

Purchase Details

Closed on
Aug 16, 2016
Sold by
Zamora Frank Edward
Bought by
Zamora Frank Edward and Zamora Stephanie

Purchase Details

Closed on
Feb 14, 2012
Sold by
Contreras Daniel and Contreras Louie
Bought by
Contreras Daniel and Contreras Louie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Grant Deed -- First American Title Company
Grant Deed $500,000 California Best Title
Gift Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,375,000 Construction
Previous Owner $365,000 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2025 04/01/25 Sold $500,000 -23.1% $466 / Sq Ft
03/11/2025 03/11/25 For Sale $650,000 0.0% $606 / Sq Ft
03/21/2024 03/21/24 Pending -- -- --
01/19/2024 01/19/24 For Sale $650,000 +30.0% $606 / Sq Ft
12/20/2023 12/20/23 Off Market $500,000 -- --
10/19/2023 10/19/23 Price Changed $650,000 -5.8% $606 / Sq Ft
10/13/2023 10/13/23 For Sale $690,000 0.0% $644 / Sq Ft
10/04/2023 10/04/23 Pending -- -- --
08/29/2023 08/29/23 Price Changed $690,000 -5.5% $644 / Sq Ft
07/26/2023 07/26/23 For Sale $730,000 -- $681 / 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 $4,117 $324,728 $303,080 $21,648
2024 $4,117 $318,362 $297,138 $21,224
2023 $4,041 $312,120 $291,312 $20,808
2022 $3,858 $306,000 $285,600 $20,400
2021 $2,036 $149,122 $112,887 $36,235
2020 $2,052 $147,594 $111,730 $35,864
2019 $1,980 $144,701 $109,540 $35,161
2018 $1,939 $141,865 $107,393 $34,472
2016 $1,848 $136,359 $103,224 $33,135
2015 $1,824 $185,452 $143,444 $42,008
2014 $2,454 $181,821 $140,635 $41,186
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-294453

The MLS

APN: 5128-008-002