NOT LISTED FOR SALE

2826 W Martin Luther King jr Blvd Los Angeles, CA 90008

Leimert Park Neighborhood

Estimated Value: $870,000 - $1,039,000

4 Beds
4 Baths
3,026 Sq Ft
$320/Sq Ft Est. Value

Last Sold September 16, 2014

Last sale price $500,000 $165 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $5,691/month

31 Days on Market

About This Home

As of September 2014

Drive by only. Inspection With Accepted Offer. Buyer to Cooperate with Sellers 1031 exchange.

Last Agent to Sell the Property

Albert Banks

AOA Commercial Brokerage License #00819160 Listed on: 06/30/2014

Last Buyer's Agent

Lester Crawford

Azure Realty License #01179702

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,516

Year Built

  • Built in 1940

Lot Details

  • 4,073 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • 3,026 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5023-003-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,516

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3026
  • Year Built: 1940
  • 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: 178.12

Exterior Features

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

Garage/Parking

  • Total Parking: 4

Lot Info

  • Assessed Improvement Value: 149393
  • Assessed Land Value: 224097
  • Assessor Parcel Number: 5023-003-012
  • Geocode Override: No
  • Lot Size Area: 4073

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.29
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2014
Closed on
Aug 7, 2014
Sold by
Vaughn Richard
Bought by
Caceres Joseph E and Hernandez Rosa
Seller's Agent
Albert Banks
AOA Commercial Brokerage
Buyer's Agent
Lester Crawford
Azure Realty
List Price
$539,000
Sold Price
$500,000
Premium/Discount to List
-$39,000
-7.24%
Current Estimated Value
$967,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$467,655
Avg. Annual Appreciation
6.11%
Original Mortgage
$350,000
Outstanding Balance
$266,674
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$700,981

Purchase Details

Closed on
Jun 25, 2010
Sold by
Vauhn Richard and Vaughn Ian
Bought by
Vauhn Richard and Vaughn Ian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2007
Sold by
Vaughn Richard A and Vaughn Ian
Bought by
Vaughn Richard
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
Caceres Joseph E $500,000 Lawyers Title
Vauhn Richard -- Accommodation
Vaughn Richard A -- Advantage Title Inc
Vaughn Richard -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caceres Joseph E $350,000
Previous Owner Vaughn Richard A $234,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2014 09/16/14 Sold $500,000 -7.2% $165 / Sq Ft
07/31/2014 07/31/14 Pending -- -- --
06/30/2014 06/30/14 For Sale $539,000 -- $178 / 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 $7,516 $600,912 $420,641 $180,271
2024 $7,516 $589,131 $412,394 $176,737
2023 $7,380 $577,580 $404,308 $173,272
2022 $7,050 $566,256 $396,381 $169,875
2021 $6,948 $555,154 $388,609 $166,545
2019 $6,746 $538,690 $377,084 $161,606
2018 $6,677 $528,129 $369,691 $158,438
2016 $6,366 $507,624 $355,337 $152,287
2015 $6,276 $500,000 $350,000 $150,000
2014 $4,919 $375,185 $225,114 $150,071
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Albert Banks

    AOA Commercial Brokerage

    Section Image

  • L

    Buyer's Agent in 2014

    Lester Crawford

    Azure Realty

    (323) 299-9601

    13 Total Sales

    Lester Crawford
    Section Image
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Map

Source: The MLS

MLS Number: 14-774129

The MLS

APN: 5023-003-012

California Los Angeles County Los Angeles 90008 Leimert Park

2826 W Martin Luther King jr Blvd, Los Angeles, CA

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