NOT LISTED FOR SALE

2951 Francis Ave Los Angeles, CA 90005

Koreatown Neighborhood

Estimated Value: $1,485,000 - $2,185,000

3 Beds
2 Baths
1,400 Sq Ft
6,752 Sq Ft Lot

Last Sold June 01, 2015

Last sale price $1,010,000 $721 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $10,924/month

Highlights

  • Automatic Gate
  • Contemporary Architecture
  • Views
  • UCLA Community School Rated A-
  • Air Conditioning
  • Living Room

About This Home

As of September 2024

NEWLY 2022 RENOVATED. LIMITED TIME PROMOTION, CREDIT OF $300/MO. FOR 12 MONTH FOR ALL QUALIFIED APPLICANTS, NEWLY RENOVATED LARGE 3 BEDROOM & 2 BATHROOM, OVER 1,400 sf OF LIVING SPACE. We are located in heart of Korea Town in Los Angeles. one of LA's trendiest neighborhoods, while moments from the cultural vibrancy of Downtown Los Angeles. Home to several of LA's trendiest clubs, bars, live music venues, and restaurants, Koreatown and Mid Wilshire are renowned for their nightlife and dining options! Very close to Downtown & USC, Freeway10, 101, and 110 nearby. This apartment home is complete with high-end appliances, Washer, Dryer, Microwave, Refrigerator, and Dishwasher!!! MOVE IN READY!!!! MOVE-IN NOW!!!! DON'T MISS OUT!!! (ONLY TO QUALIFIED APPLICANTS. Monthly rent is $3,800/mo. less $300, total monthly rental will be $3,500/mo)

Last Agent to Rent the Property

Max Lee

Real Broker License #01905008 Listed on: 08/01/2024

Co-Listed By

Won Mo

Keller Williams Beverly Hills License #02207272

Last Renter's Agent

Madison Cho

Dream Realty & Investments Inc License #02234514

Dream Realty & Investments Inc

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,444

Year Built

  • Built in 1921

Lot Details

  • 6,752

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,400 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Area
  • Property Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Automatic Gate
  • Assigned Parking

Utilities

  • Air Conditioning
  • Heat Pump System

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Security Deposit $3,500
  • Tenant pays for electricity, gas, insurance, trash collection
  • 12 Month Lease Term
  • Assessor Parcel Number 5077-023-005

Condo Details

Home Type

Condominium

Est. Annual Taxes

$13,444

Year Built

Built in 1921

Lot Details

0

Rental Info

  • Credit Report Amount: 45.00
  • Credit Report Required: Yes
  • Security Deposit: 3500
  • Tenant Pays: Electricity, Gas, Insurance, Trash Collection

Listing Details

  • Property Type: Residential Lease
  • Style: Contemporary
  • Single Family Or Apt: Condo/Apt
  • Levels: One
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 1400
  • Lot Acreage: 0.1550
  • Stories: 2
  • Year Built: 1921
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Laminate, Tile
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer, Dryer
  • Price Per S Q F T: 2.50

Exterior Features

  • Pool: No
  • View: Any
  • View: Yes

Garage/Parking

  • Other Spaces: 1
  • Parking Garage: Assigned, Auto Driveway Gate
  • Total Parking: 1

Utilities

  • Cooling: Air Conditioning
  • Heating: Heat Pump, Combination

Association/Amenities

  • Amenities: Assoc Pet Rules, Gated Parking
  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5077-023-005
  • Lot Size Area: 6753

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2025
Sold by
Shirazi Omid Hengameh
Bought by
2951 Francis Apartments Llc
Current Estimated Value
$1,873,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,950,000
Outstanding Balance
$1,948,328
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
-$75,248

Purchase Details

Closed on
Apr 19, 2019
Sold by
R S Living Trust
Bought by
2951 Francis Apartments Llc

Purchase Details

Closed on
Mar 1, 2019
Sold by
Omid Hengameh S and R S Living Trust
Bought by
R S Living Trust

Purchase Details

Closed on
Jul 31, 2017
Sold by
Omid Hengameh S
Bought by
Omid Hengameh S and R S Living Trust

Purchase Details

Closed on
Dec 14, 2016
Sold by
Omid Hengameh S
Bought by
Omid Hengameh S and Omid Living Trust

Purchase Details

Closed on
Dec 13, 2016
Sold by
Omid Amir Ali
Bought by
Omid Hengameh S

Purchase Details

Listed on
Apr 6, 2015
Closed on
Apr 22, 2015
Sold by
Hyun Sero C
Bought by
Omid Amir Ali
Seller's Agent
Soon Lee
New Star Realty
Buyer's Agent
Michael Park
New Star Realty
List Price
$970,000
Sold Price
$1,010,000
Premium/Discount to List
$40,000
4.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.11%
Original Mortgage
$810,947
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 25, 2013
Sold by
Kim Sero C
Bought by
Kim Sero C and Chun Duk Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2013
Sold by
Chun Chung Sik
Bought by
Chun Duk Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2013
Sold by
Kim Myong Sun
Bought by
Kim Sero C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2003
Sold by
Higuchi Jin
Bought by
Kim Myong Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,200
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2002
Sold by
Dae Jin Roberts Inc
Bought by
Higuchi Jin and Higuchi Masako K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
6.5%

Purchase Details

Closed on
Nov 19, 2001
Sold by
Hur Taeck
Bought by
Dae Jin Roberts Inc

Purchase Details

Closed on
Jul 16, 2001
Sold by
Hur Koo Hee
Bought by
Hur Taeck

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,800
Interest Rate
6.9%

Purchase Details

Closed on
Apr 3, 1998
Sold by
Oh Youn S
Bought by
Oh Patrick I
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
2951 Francis Apartments Llc -- --
Omid Hengameh Shirazi -- First American Title Company
Omid Hengameh Shirazi -- First American Title Company
2951 Francis Apartments Llc -- None Available
R S Living Trust -- None Available
Omid Hengameh S -- None Available
Omid Hengameh S -- None Available
Omid Hengameh S -- None Available
Omid Amir Ali $1,010,000 --
Kim Sero C -- Accommodation
Chun Duk Hee -- Accommodation
Kim Sero C $790,000 Chicago Title Company
Kim Myong Sun $599,000 Ticor
Higuchi Jin $465,000 Gateway Title Company
Dae Jin Roberts Inc -- Gateway Title Company
Hur Taeck -- Gateway Title Company
Hur Taeck $330,000 Gateway Title Company
Oh Patrick I -- Gateway Title Company
Oh Patrick I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Omid Hengameh Shirazi $1,950,000
Previous Owner Omid Amir Ali $810,947
Previous Owner Kim Sero C $400,000
Previous Owner Kim Myong Sun $479,200
Previous Owner Higuchi Jin $372,000
Previous Owner Hur Taeck $296,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2024 09/12/24 Rented $3,800 +8.6% --
09/05/2024 09/05/24 Under Contract -- -- --
08/28/2024 08/28/24 For Rent $3,500 0.0% --
08/27/2024 08/27/24 Off Market $3,500 -- --
08/01/2024 08/01/24 For Rent $3,500 -7.9% --
06/15/2023 06/15/23 Rented $3,800 +8.6% --
05/04/2023 05/04/23 Under Contract -- -- --
04/20/2023 04/20/23 For Rent $3,500 0.0% --
06/01/2015 06/01/15 Sold $1,010,000 +4.1% $184 / Sq Ft View Prior Sale
04/10/2015 04/10/15 Pending -- -- --
04/06/2015 04/06/15 For Sale $970,000 -- $176 / 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 $13,444 $1,079,184 $839,324 $239,860
2024 $13,444 $1,058,024 $822,867 $235,157
2023 $13,196 $1,037,280 $806,733 $230,547
2022 $12,602 $1,016,942 $790,915 $226,027
2021 $12,421 $997,003 $775,407 $221,596
2020 $12,541 $986,781 $767,457 $219,324
2019 $12,059 $967,433 $752,409 $215,024
2018 $11,889 $948,464 $737,656 $210,808
2016 $12,684 $1,025,402 $720,827 $304,575
2015 $10,111 $809,441 $512,305 $297,136
2014 -- $793,586 $502,270 $291,316
Source: Public Records

Agents Affiliated with this Home

  • Max Lee

    Landlord's Agent in 2024

    Max Lee

    Real Broker

    (213) 434-2433

    22 in this area

    67 Total Sales

    Max Lee
    Section Image

  • W

    Landlord's Co-Listing Agent in 2024

    Won Mo

    Keller Williams Beverly Hills

    (424) 359-9145

    3 in this area

    7 Total Sales

    Won Mo
    Section Image

  • M

    Tenant's Agent in 2024

    Madison Cho

    Dream Realty & Investments Inc

    (661) 388-8358

    8 Total Sales

    Madison Cho
    Section Image
  • Bruce Lee

    Seller's Agent in 2023

    Bruce Lee

    TRRG Management

    (213) 705-1111

    10 in this area

    25 Total Sales

    Bruce Lee
    Section Image

  • C

    Buyer's Agent in 2023

    Carlos Ramirez Calderon

    eXp Realty of California Inc

    Section Image

  • S

    Seller's Agent in 2015

    Soon Lee

    New Star Realty

    Section Image
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Map

Source: The MLS

MLS Number: 24-422581

The MLS

APN: 5077-023-005

California Los Angeles County Los Angeles 90005 Koreatown

2951 Francis Ave, Los Angeles, CA

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