NOT LISTED FOR SALE

2915 8th Ave Los Angeles, CA 90018

Jefferson Park Neighborhood

Estimated Value: $989,000 - $1,218,000

6 Beds
4 Baths
2,476 Sq Ft
$454/Sq Ft Est. Value

Sale Details

Date Sold: January 8, 2016

Last sale price $680,000 $275 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $6,785 / mo

14 Days on Market

About This Home

As of January 2016

Prime location near Jefferson Park HPOZ! Sale Price $699,000, GSI = $54,000, GRM = 12.94, Cap Rate = 6.58%. Unit #1: Completely remodeled 3BD+3BA. Over 1260 sq.ft. Open floor plan. Spacious family great room. Newly designed kitchen. Granite countertops and center island. Hardwood flooring. Recessed lights. New laundry room. 3 new bathrooms. Garage updated and ready for use. Fair market rent at $2350+/month. Unit #2: Updated 3BD+1BA. Newly designed kitchen. Granite countertops. Hardwood flooring. Over 1210 sq.ft. Private patio area. Extra storage in garage area. Washer/dryer hookups. Fair market rent at $2150+/month. Close to historic West Adams. Adjacent to Jefferson Park HPOZ. Easy commute to Hollywood, downtown LA, or Santa Monica. Sale Price $699,000! 6 Beds, 4 Baths. 2476 sq. ft. and 7499 sq. ft. lot. APN: 5051-021-022. Sale Price = $699,000. Gross Scheduled Income = $54,000. Total Expense = $8,020. Gross Rent Multiplier = 12.94. Annual Net Income = $45,980. Cap Rate = 6.58%.

Last Agent to Sell the Property

Andrew Watkins

Watkins Real Estate Group License #01478668 Listed on: 11/16/2015

Last Buyer's Agent

Jacob Raabe

eXp Realty of Greater Los Angeles, Inc. License #01909672

eXp Realty of Greater Los Angeles, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1923

Lot Details

  • 7,499 Sq Ft Lot
  • Property is zoned LARD3

Home Design

  • 2,476 Sq Ft Home

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Washer

Parking

  • 2 Car Garage
  • Driveway

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5051-021-022

Home Details

Home Type

Single Family

Year Built

Built in 1923

Lot Details

7,499 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2476
  • Probate: No
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Common Walls: Detached/No Common Walls
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Garbage Disposal, Gas Dryer Hookup, Microwave, Washer
  • Price Per S Q F T: 282.31

Exterior Features

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

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 6

Utilities

  • Heating: Wall
  • Water Expense: 900.00

Fee Information

  • Insurance Expense: 750.00
  • Maintenance Expense: 750.00
  • Trash Expense: 900.00

Lot Info

  • Assessed Improvement Value: 152997
  • Assessed Land Value: 407992
  • Assessor Parcel Number: 5051-021-022
  • Geocode Override: No
  • Lot Size Area: 7499

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.94
  • Number Of Units: 2
  • Type Of Units: 2

Tax Info

  • Tax Expense: 4000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2020
Sold by
Hahn David Sang and The David Sang Hahn Revocable
Bought by
Hahn David Sang
Current Estimated Value
$1,123,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,000
Outstanding Balance
$413,960
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$710,034

Purchase Details

Closed on
Apr 5, 2017
Sold by
Hahn David Sang and Hahn David S
Bought by
Hahn David Sang and The David Sang Hahn Revocable

Purchase Details

Listed on
Nov 16, 2015
Closed on
Jan 4, 2016
Sold by
Trueblood Jaimie John and John P Trueblood Trust
Bought by
Hahn David
Seller's Agent
Andrew Watkins
Watkins Real Estate Group
Buyer's Agent
Jacob Raabe
eXp Realty of Greater Los Angeles, Inc.
List Price
$699,000
Sold Price
$680,000
Premium/Discount to List
-$19,000
-2.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.02%
Original Mortgage
$510,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hahn David Sang -- First American Title Ins Co
Hahn David Sang -- None Available
Hahn David $680,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hahn David Sang $467,000
Closed Hahn David $510,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/08/2016 01/08/16 Sold $680,000 -2.7% $275 / Sq Ft
11/30/2015 11/30/15 Pending -- -- --
11/16/2015 11/16/15 For Sale $699,000 +27.1% $282 / Sq Ft
06/11/2014 06/11/14 Sold $550,000 0.0% $453 / Sq Ft View Prior Sale
06/11/2014 06/11/14 Pending -- -- --
06/11/2014 06/11/14 For Sale $550,000 -- $453 / Sq Ft
Source: The MLS

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 $9,912 $804,974 $482,986 $321,988
2024 $9,912 $789,191 $473,516 $315,675
2023 $9,728 $773,718 $464,232 $309,486
2022 $9,287 $758,548 $455,130 $303,418
2021 $9,164 $743,675 $446,206 $297,469
2020 $9,255 $736,050 $441,631 $294,419
2019 $8,895 $721,619 $432,972 $288,647
2018 $8,761 $707,471 $424,483 $282,988
2016 $7,051 $569,543 $414,213 $155,330
2015 $6,949 $560,989 $407,992 $152,997
2014 $796 $49,198 $20,570 $28,628
Source: Public Records

Agents Affiliated with this Home

  • Andrew Watkins

    Seller's Agent in 2016

    Andrew Watkins

    Watkins Real Estate Group

    (310) 383-6239

    1 in this area

    55 Total Sales

    Andrew Watkins
    Section Image
  • Jacob Raabe

    Buyer's Agent in 2016

    Jacob Raabe

    eXp Realty of Greater Los Angeles, Inc.

    (949) 478-2551

    14 Total Sales

    Jacob Raabe
    Section Image
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Map

Source: The MLS

MLS Number: 15-959703

The MLS

APN: 5051-021-022

California Los Angeles County Los Angeles 90018 Jefferson Park

2915 8th Ave, Los Angeles, CA

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