NOT LISTED FOR SALE

2834 James m Wood Blvd Los Angeles, CA 90006

Koreatown Neighborhood

Estimated Value: $1,250,000 - $1,745,000

4 Beds
4 Baths
3,800 Sq Ft
$398/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $1,325,000 $349 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $9,702/month

46 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • UCLA Community School Rated A-
  • 4 Car Garage

About This Home

As of June 2021

We are proud to present this Fourplex with Development Potential in East Koreatown. The existing property consists of four spacious 1 bed & 1 bath units with a detached four car garage in the back. Property has gas but has been running strictly on electric for all appliances. Current rents are substantially below market with ample room to grow rents if that was the new buyers desire. With the LAC2 Tier 3 Zoning and a lot size of 6,775, this offers special development potential being in a Transit Priority Area. The property is located next to a 193 unit apartment development and is being listed at Land Value.

Last Agent to Sell the Property

Josiah Thropay

Lifetime Realty Inc License #02094235 Listed on: 04/19/2021

Lifetime Realty Inc

Co-Listed By

Cameron Lew

Tina Nguyen, Broker License #02042951

Last Buyer's Agent

Jules Sanders

Coldwell Banker Realty License #01895602

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,477

Year Built

  • Built in 1922

Lot Details

  • 6,775 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 3,800 Sq Ft Home
  • Quadruplex
  • Split Level Home
  • Cosmetic Repairs Needed
  • Fixer Upper

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 5077029019

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Gross Income $46,894

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,477

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: The Finley Tract
  • Zoning: LAC2 Tier 3
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5077029019
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: Multi/Split
  • Price Per Square Foot: 348.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6775.00
  • Lot Size Acres: 0.1555

Multi Family

  • Gross Income: 46894.00
  • Lot Size Area: 6775.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2122.02
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
Jun 8, 2021
Sold by
Lew Glen Ming and Lew Susan
Bought by
Sl Equities Woodlawn Llc
Seller's Agent
Josiah Thropay
Lifetime Realty Inc
Buyer's Agent
Jules Sanders
Coldwell Banker Realty
List Price
$1,200,000
Sold Price
$1,325,000
Premium/Discount to List
$125,000
10.42%
Current Estimated Value
$1,513,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,391
Avg. Annual Appreciation
3.27%
Original Mortgage
$1,060,000
Outstanding Balance
$963,868
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$549,523

Purchase Details

Closed on
Dec 8, 2011
Sold by
Lew Galvin
Bought by
Lew Galvin T and Lew Lisa B

Purchase Details

Closed on
Oct 3, 2010
Sold by
Lew Grayson R
Bought by
The Grayson R Lew Revocable Living Trust

Purchase Details

Closed on
Mar 6, 2009
Sold by
Lew Glen
Bought by
The Glen & Susan Lew Revocable Living Tr

Purchase Details

Closed on
Jun 1, 2005
Sold by
Lew Garry
Bought by
Lew Garry
Source: Public Records

Range of Values:

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Average Value
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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
Sl Equities Woodlawn Llc $1,325,000 Chicago Title Company
Lew Galvin T -- None Available
The Grayson R Lew Revocable Living Trust -- None Available
The Glen & Susan Lew Revocable Living Tr -- None Available
Lew Garry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sl Equities Woodlawn Llc $1,060,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $1,325,000 +10.4% $349 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $1,200,000 -9.4% $316 / Sq Ft
06/01/2021 06/01/21 Off Market $1,325,000 -- --
06/01/2021 06/01/21 For Sale $1,200,000 -9.4% $316 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
05/03/2021 05/03/21 Off Market $1,325,000 -- --
04/19/2021 04/19/21 For Sale $1,200,000 -- $316 / 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 $17,477 $1,434,221 $1,298,917 $135,304
2024 $17,477 $1,406,100 $1,273,449 $132,651
2023 $17,146 $1,378,530 $1,248,480 $130,050
2022 $16,360 $1,351,500 $1,224,000 $127,500
2021 $1,612 $95,075 $64,978 $30,097
2020 $1,617 $94,101 $64,312 $29,789
2019 $1,574 $92,256 $63,051 $29,205
2018 $1,445 $90,448 $61,815 $28,633
2016 $1,343 $86,937 $59,415 $27,522
2015 $1,328 $85,632 $58,523 $27,109
2014 $1,361 $83,955 $57,377 $26,578
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Josiah Thropay

    Lifetime Realty Inc

    Section Image

  • C

    Seller Co-Listing Agent in 2021

    Cameron Lew

    Tina Nguyen, Broker

  • J

    Buyer's Agent in 2021

    Jules Sanders

    Coldwell Banker Realty

    (415) 694-1215

    2 in this area

    66 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21080007

California Regional Multiple Listing Service (CRMLS)

APN: 5077-029-019

California Los Angeles County Los Angeles 90005 Koreatown

2834 James m Wood Blvd, Los Angeles, CA

This home is located at 2834 James m Wood Blvd, Los Angeles, CA 90006 since 19 April 2021 and is currently estimated at $1,513,391, approximately $398 per square foot. This property was built in 1922. 2834 James m Wood Blvd is a home located in Los Angeles County with nearby schools including UCLA Community School, Rfk Community Schools-Ambassador-Global Leadership, and Young Oak Kim Academy.

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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