NOT LISTED FOR SALE

2834 W Martin Luther King jr Blvd Los Angeles, CA 90008

Leimert Park Neighborhood

Estimated Value: $1,043,000 - $1,350,000

5 Beds
3 Baths
3,464 Sq Ft
$327/Sq Ft Est. Value

Last Sold April 28, 2021

Last sale price $925,000 $267 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,959/month

82 Days on Market

Highlights

  • Property has ocean access
  • Property is near public transit
  • 3 Car Garage
  • Contemporary Architecture
  • Corner Lot

About This Home

As of April 2021

UPSIDE POTENTIAL. 3 UNITS, ALL TENANT OCCUPIED. 2- 1 BEDROOM 1 BATH UNITS DOWNSTAIRS WITH SOME UPGRADES COMPLETED. 1- 3 BEDROOM 1 BATH UNIT UPSTAIRS. EXTERIOR RECENTLY PAINTED. 3- 1 CAR GARAGES AT REAR OF PROPERTY WITH ALLEY ACCESS. DRIVE BY ONLY. SUBJECT TO INTERIOR INSPECTION. DO NOT DISTURB TENANTS. CLOSE TO PUBLIC TRANSPORTATION, SHOPS, STORES, SCHOOLS AND HOUSES OF WORSHIP. COVID19 RULES AND PRECAUTIONS APPLY.

Last Agent to Sell the Property

Kat Becker

Berkshire Hathaway HomeServices California Properties License #01210203 Listed on: 12/30/2020

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Edward McShan II

Skyline Realty License #01819125

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,470

Year Built

  • Built in 1949

Lot Details

  • 6,337 Sq Ft Lot
  • Corner Lot

Home Design

  • Contemporary Architecture
  • Split Level Home

Interior Spaces

  • 3,464 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Car Garage
  • Assigned Parking

Outdoor Features

  • Property has ocean access

Location

  • Property is near public transit
  • City Lot

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • The owner pays for gardener, water
  • Assessor Parcel Number 5023-003-011

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,470

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 3464
  • Lot Acreage: 0.1455
  • Probate: No
  • Stories: 2
  • Year Built: 1949
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Common Walls: Attached
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 288.39

Exterior Features

  • Other Structures: None
  • Paved: Yes
  • View: No

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Assigned, Garage Is Detached, Garage - 3 Car
  • Total Parking: 3

Utilities

  • Heating: Wall Gas
  • Sewer: In Connected and Paid, In Street
  • Water: District
  • Water Expense: 2100.00

Fee Information

  • Insurance Expense: 1500.00

Lot Info

  • Assessed Improvement Percent: 29.99
  • Assessed Improvement Value: 122606
  • Assessed Land Percent: 70.01
  • Assessed Land Value: 286269
  • Total Assessed Value: 408875
  • Assessor Parcel Number: 5023-003-011
  • Lot Location: Alley Access, Near Public Transit, Ocean Access, Corner Lot, City
  • Lot Size Area: 6337

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.83
  • Number Of Units: 3
  • Type Of Units: Apartment

Tax Info

  • Tax Expense: 5690.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2023
Sold by
Williams Marjorie C
Bought by
Marjorie C Williams 2023 Revocable Trust and Williams
Current Estimated Value
$1,131,012

Purchase Details

Closed on
Nov 8, 2017
Sold by
Bello Rosa B and The Bello Family Trust
Bought by
Bello Rosa B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2015
Sold by
Bello Rosa
Bought by
Bello Rosa and The Bello Family Trust

Purchase Details

Closed on
Jan 13, 2009
Sold by
Us Bank National Association
Bought by
Bello Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,375
Interest Rate
5.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2008
Sold by
Smith Shelby
Bought by
Us Bank Na and C Bass Mortgage Loan Asset Backed Certif

Purchase Details

Closed on
Aug 11, 2005
Sold by
Coleman Kiesha M
Bought by
Smith Shelby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
7.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2000
Sold by
Jardan Delores
Bought by
Coleman Kiesha M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
8.26%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 14, 1996
Sold by
Harris Bert L and Harris Lorraine
Bought by
Jardan Delores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,710
Interest Rate
7.82%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Marjorie C Williams 2023 Revocable Trust -- None Listed On Document
Bello Rosa B -- None Available
Bello Rosa -- None Available
Bello Rosa $368,500 Lawyers Title Company
Us Bank Na $451,000 Accommodation
Smith Shelby $700,000 Alliance Title Company
Coleman Kiesha M $275,000 South Coast Title Company
Jardan Delores $184,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bello Rosa B $350,000
Previous Owner Bello Rosa $276,375
Previous Owner Smith Shelby $560,000
Previous Owner Coleman Kiesha M $206,250
Previous Owner Jardan Delores $177,710
Closed Coleman Kiesha M $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2021 04/28/21 Sold $925,000 -7.4% $267 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
03/02/2021 03/02/21 Price Changed $999,000 -4.9% $288 / Sq Ft
12/30/2020 12/30/20 For Sale $1,050,000 -- $303 / 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 $12,470 $1,001,247 $100,665 $900,582
2024 $12,294 $981,616 $98,692 $882,924
2023 $12,063 $962,369 $96,757 $865,612
2022 $11,514 $943,500 $94,860 $848,640
2021 $5,641 $438,393 $306,936 $131,457
2020 $5,692 $433,899 $303,789 $130,110
2019 $5,480 $425,392 $297,833 $127,559
2018 $5,392 $417,052 $291,994 $125,058
2017 $5,283 $408,875 $286,269 $122,606
2016 $5,130 $400,858 $280,656 $120,202
2015 $5,059 $394,838 $276,441 $118,397
2014 $5,096 $387,104 $271,026 $116,078
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-675264

The MLS

APN: 5023-003-011