NOT LISTED FOR SALE

2921 Raymond Ave Los Angeles, CA 90007

Adams-Normandie Neighborhood

Estimated Value: $1,064,000 - $1,276,000

6 Beds
4 Baths
2,220 Sq Ft
$519/Sq Ft Est. Value

Last Sold October 26, 2021

Last sale price $949,000 $427 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $7,052/month

13 Days on Market

Highlights

  • Spanish Architecture
  • Floor Furnace
  • East Facing Home
  • Lawn
  • Gated Home
  • 5-minute walk to Richardson Family Park

About This Home

As of October 2021

Great investment opportunity USC area, walking distance to USC. quiet residential street and neighbors, you may extend more units. current tenants are paid in full and on time. good tenants, parking in the back. gated. Drive by only. Offers will be accepted subject to interior inspection, seller will not deliver vacancy.

Last Agent to Sell the Property

Paul Chung

Apple Properties & Assets Inc. License #01177751 Listed on: 09/03/2021

Co-Listed By

Aaron Chung

Apple Properties & Assets Inc. License #02156486

Last Buyer's Agent

Paul Chung

Apple Properties & Assets Inc. License #01177751 Listed on: 09/03/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,239

Year Built

  • Built in 1922

Lot Details

  • 6,618 Sq Ft Lot
  • East Facing Home
  • Gated Home
  • Lawn
  • Back Yard

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Spanish Architecture
  • Cosmetic Repairs Needed
  • Flat Roof Shape

Interior Spaces

  • 2,220 Sq Ft Home
  • 1-Story Property
  • Gas and Electric Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • City Lot

Utilities

  • Floor Furnace
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 5054-008-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,239

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Entry Location: Ground Level w/steps
  • Living Area: 2220
  • Lot Acreage: 0.1519
  • Property Condition: Repair Cosmetic
  • Stories: 1
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas/Electric Range
  • Bedrooms: 6
  • Common Walls: Attached
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Gas Dryer Hookup
  • Price Per S Q F T: 427.48

Exterior Features

  • Direction Faces: East
  • Other Structures: None
  • Paved: Yes
  • Roof: Flat

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 4
  • Parking Garage: Parking Space, Uncovered
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Heating: Floor Furnace, Wall
  • Security: Gated, Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Street
  • Water: District

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Land Percent: 60
  • Assessor Parcel Number: 5054-008-027
  • Lot Description: Fenced, Lawn, Back Yard
  • Lot Location: City
  • Lot Size Area: 6618

Rental Info

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

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 20.00
  • Number Of Units: 2
  • Type Of Units: Side by side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2021
Closed on
Oct 20, 2021
Sold by
Hong Kenneth
Bought by
Du Huawen
Seller's Agent
Paul Chung
Apple Properties & Assets Inc.
Buyer's Agent
Paul Chung
Apple Properties & Assets Inc.
List Price
$949,000
Sold Price
$949,000
Current Estimated Value
$1,152,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,405
Avg. Annual Appreciation
4.97%
Original Mortgage
$711,750
Outstanding Balance
$647,640
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$504,765

Purchase Details

Closed on
Dec 11, 2014
Sold by
Choi Ho Sung
Bought by
Hong Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,830
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 16, 2011
Sold by
Choi Jeong H
Bought by
Choi Ho Sung and Jeong Hyeon Yeon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2003
Sold by
Kim Mee Sun
Bought by
Choi Jeong Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
1.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 19, 2002
Sold by
Steidle Herbert B
Bought by
Kim Mee Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.52%

Purchase Details

Closed on
Aug 30, 2000
Sold by
Ell Sara
Bought by
Steidle Herbert B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,300
Interest Rate
8.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2000
Sold by
Americredit Mtg Services
Bought by
Steidle Herbert B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,300
Interest Rate
8.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 1999
Sold by
Jones Robert
Bought by
Americredit Mtg Services

Purchase Details

Closed on
Jan 8, 1999
Sold by
Reynolds Bonita
Bought by
Jones Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
10.99%

Purchase Details

Closed on
Dec 29, 1998
Sold by
Jones Barbara Ann
Bought by
Jones Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
10.99%

Purchase Details

Closed on
Jun 5, 1998
Sold by
Murphy Frieda M
Bought by
Reynolds Bonita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.17%

Purchase Details

Closed on
Jan 28, 1995
Sold by
Murphy Frieda M
Bought by
Murphy Freida and Murphy Lynette
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
Du Huawen $949,000 Pacific Coast Title Company
Hong Kenneth -- None Available
Hong Kenneth -- None Available
Choi Ho Sung $310,000 None Available
Choi Jeong Hee $475,000 Ticor Title Company
Kim Mee Sun $285,000 Equity Title
Steidle Herbert B -- Equity Title Company
Steidle Herbert B -- Equity Title Company
Americredit Mtg Services $236,396 American Title
Jones Robert $235,000 First American Title Co
Jones Robert -- First American Title Co
Reynolds Bonita $195,000 --
Murphy Freida -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Du Huawen $711,750
Previous Owner Hong Kenneth $280,830
Previous Owner Choi Ho Sung $217,000
Previous Owner Choi Jeong Hee $380,000
Previous Owner Kim Mee Sun $228,000
Previous Owner Steidle Herbert B $62,300
Previous Owner Steidle Herbert B $62,300
Previous Owner Jones Robert $211,500
Previous Owner Reynolds Bonita $156,000
Closed Reynolds Bonita $19,500
Closed Kim Mee Sun $28,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2021 10/26/21 Sold $949,000 0.0% $427 / Sq Ft
09/16/2021 09/16/21 Pending -- -- --
09/03/2021 09/03/21 For Sale $949,000 -- $427 / 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 $12,239 $1,007,085 $906,271 $100,814
2024 $12,239 $987,339 $888,501 $98,838
2023 $12,008 $967,980 $871,080 $96,900
2022 $11,457 $949,000 $854,000 $95,000
2021 $4,796 $383,057 $229,834 $153,223
2019 $4,656 $371,697 $223,018 $148,679
2018 $4,552 $364,410 $218,646 $145,764
2016 $4,335 $350,260 $210,156 $140,104
2015 $4,356 $345,000 $207,000 $138,000
2014 $4,326 $333,465 $204,926 $128,539
Source: Public Records

Agents Affiliated with this Home

  • Paul Chung

    Seller's Agent in 2021

    Paul Chung

    Apple Properties & Assets Inc.

    (213) 216-9492

    1 in this area

    15 Total Sales

    Paul Chung
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Aaron Chung

    Apple Properties & Assets Inc.

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Map

Source: The MLS

MLS Number: 21-779946

The MLS

APN: 5054-008-027

California Los Angeles County Los Angeles 90007 Adams-Normandie

2921 Raymond Ave, Los Angeles, CA

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