NOT LISTED FOR SALE

2823 Lincoln Park Ave Los Angeles, CA 90031

Montecito Heights Neighborhood

Estimated Value: $975,060 - $1,605,000

9 Beds
5 Baths
3,150 Sq Ft
$397/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $828,000 $263 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $7,560/month

167 Days on Market

About This Home

As of August 2018

Well maintain 4-unit property in Lincoln Heights. 2 units are 2 bedrooms+1 bathroom(upper level); 1 unit is 2 bedroom+ 1 bathroom(first level), 1 unit is 3 bedrooms+2 bathrooms with A/C (first level).
1 car parking space for 2 bedroom units, and 2 spaces for 3 bedroom unit.
Public record shows there are 8 bedrooms+4 bathrooms, buyer's responsible to verify information with Dept of Building And Safety. Property to be sold in " AS IS " condition.

Last Agent to Sell the Property

VINCENT TRINH

CENTURY 2000 REAL ESTATE CORP License #01134367 Listed on: 02/20/2018

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,526

Year Built

  • Built in 1965

Lot Details

  • 7,469 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre
  • Land Lease

Home Design

  • 3,150 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 1992
  • Assessor Parcel Number 5208021006

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,681
  • Water Sewer Expense $3,800
  • New Taxes Expense $8,400
  • Operating Expense $13,881
  • Gross Income $51,384
  • Net Operating Income $37,503

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,526

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3800.00
  • Zoning: LAR1
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5208021006
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 262.86

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7469.00

Multi Family

  • Gross Income: 51384.00
  • Gross Scheduled Income: 51384.00
  • Insurance Expense: 1681.00
  • Net Operating Income: 37503.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13881.00
  • Rent Control: Yes
  • Total Actual Rent: 4282.00
  • Total Expenses: 13881.00

Tax Info

  • New Taxes Expense: 8400.00
  • Tax Census Tract: 1992.02
  • Tax Lot: 8
  • Tax Tract Number: 1992.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2018
Closed on
Aug 10, 2018
Sold by
Lu Song Denh
Bought by
Phung Melinda and Tran John
Seller's Agent
VINCENT TRINH
CENTURY 2000 REAL ESTATE CORP
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$839,000
Sold Price
$828,000
Premium/Discount to List
-$11,000
-1.31%
Current Estimated Value
$1,211,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$383,063
Avg. Annual Appreciation
6.09%
Original Mortgage
$528,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 7, 2015
Closed on
Oct 22, 2015
Sold by
Nefer Llc
Bought by
Lu Sec Family Trust
Seller's Agent
Joey Medrano
Keller Williams Realty Los Feliz
Buyer's Agent
VINCENT TRINH
CENTURY 2000 REAL ESTATE CORP
List Price
$675,000
Sold Price
$650,000
Premium/Discount to List
-$25,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.27%
Original Mortgage
$390,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 23, 2015
Closed on
Apr 13, 2015
Sold by
Morales Joann
Bought by
Nefer Llc
Seller's Agent
Maria Sarmiento
Keller Williams Sierra Madre
Buyer's Agent
Joey Medrano
Keller Williams Realty Los Feliz
List Price
$400,000
Sold Price
$405,000
Premium/Discount to List
$5,000
1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
132.75%
Original Mortgage
$300,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 1998
Sold by
Morales Agnes H
Bought by
Morales Agnes H and Morales Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,223
Interest Rate
7.06%
Source: Public Records

Range of Values:

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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
Phung Melinda $828,000 Stewart Title
Lu Sec Family Trust $650,000 Provident Title Company
Nefer Llc $405,000 Provident Title Company
Morales Agnes H -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phung Melinda $756,000
Closed Phung Melinda $696,000
Closed Phung Melinda $528,000
Previous Owner Lu Song Denh $390,000
Previous Owner Lu Sec Family Trust $390,000
Previous Owner Nefer Llc $300,000
Previous Owner Morales Joann $750,000
Previous Owner Morales Agnes H $119,587
Previous Owner Morales Agnes H $111,936
Previous Owner Morales Agnes H $15,000
Previous Owner Morales Agnes $106,344
Previous Owner Morales Agnes H $5,000
Previous Owner Morales Agnes H $19,500
Previous Owner Morales Agnes H $78,223
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $828,000 -1.3% $263 / Sq Ft
07/27/2018 07/27/18 Price Changed $839,000 0.0% $266 / Sq Ft
07/27/2018 07/27/18 For Sale $839,000 +1.3% $266 / Sq Ft
06/21/2018 06/21/18 Off Market $828,000 -- --
03/19/2018 03/19/18 Price Changed $858,000 -2.5% $272 / Sq Ft
02/20/2018 02/20/18 For Sale $880,000 +35.4% $279 / Sq Ft
12/09/2015 12/09/15 Sold $650,000 -3.7% $206 / Sq Ft
10/17/2015 10/17/15 Pending -- -- --
10/07/2015 10/07/15 For Sale $675,000 +66.7% $214 / Sq Ft
05/18/2015 05/18/15 Sold $405,000 +1.3% $129 / Sq Ft
03/06/2015 03/06/15 Pending -- -- --
02/23/2015 02/23/15 For Sale $400,000 -- $127 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,526 $923,646 $669,309 $254,337
2024 $11,526 $905,536 $656,186 $249,350
2023 $11,310 $887,781 $643,320 $244,461
2022 $10,799 $870,374 $630,706 $239,668
2021 $10,659 $853,309 $618,340 $234,969
2019 $10,349 $828,000 $600,000 $228,000
2018 $8,582 $676,259 $507,715 $168,544
2016 $8,190 $650,000 $488,000 $162,000
2015 $1,567 $101,340 $17,520 $83,820
2014 $1,599 $99,356 $17,177 $82,179
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2018

    VINCENT TRINH

    CENTURY 2000 REAL ESTATE CORP

    Section Image
  • Kristopher German

    Buyer's Agent in 2018

    Kristopher German

    RE/MAX

    (909) 645-0443

    118 Total Sales

    Section Image
  • Maria Sarmiento

    Seller's Agent in 2015

    Maria Sarmiento

    Keller Williams Sierra Madre

    (833) 832-6770

    3 in this area

    165 Total Sales

    Section Image

  • J

    Seller's Agent in 2015

    Joey Medrano

    Keller Williams Realty Los Feliz

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18037070

California Regional Multiple Listing Service (CRMLS)

APN: 5208-021-006

California Los Angeles County Los Angeles 90031 Montecito Heights

2823 Lincoln Park Ave, Los Angeles, CA

This home is located at 2823 Lincoln Park Ave, Los Angeles, CA 90031 since 20 February 2018 and is currently estimated at $1,250,265, approximately $396 per square foot. This property was built in 1965. 2823 Lincoln Park Ave is a home located in Los Angeles County with nearby schools including Glen Alta Elementary, Abraham Lincoln High School, and Woodrow Wilson Senior High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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