NOT LISTED FOR SALE

2974 San Marino St Los Angeles, CA 90006

Koreatown Neighborhood

Estimated Value: $1,238,000 - $1,798,000

4 Beds
4 Baths
3,672 Sq Ft
$430/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $1,520,000 $414 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $10,260/month

26 Days on Market

About This Home

As of August 2022

All 4 units are Vacant now. LOCATION! LOCATION! LOCATION! Prime KOREATOWN R4 Zoning can be remodeled or built entirely new. Can create new condominiums or Apartments, with around 21 units, or Can be renovated into two bedrooms/2 bathrooms per unit with permits, for more extra incomes. The large backyard is suitable for "TWO ADU UNITS" to build. The site is located west of Vermont Avenue and north of Olympic Blvd.--

Last Agent to Sell the Property

Sharon Oh

Redpoint Realty License #01712047 Listed on: 04/28/2022

Last Buyer's Agent

Kay Kim

Kay the Net, Inc. License #01268279

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,906

Year Built

  • Built in 1922

Lot Details

  • 5,906

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,672 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Assigned Parking

Additional Features

  • 5,906 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5078-007-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,906

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 3672
  • Lot Acreage: 0.1356
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 408.22

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned, Garage - 2 Car
  • Total Parking: 8

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 28.99
  • Assessed Improvement Value: 267941
  • Assessed Land Percent: 71.01
  • Assessed Land Value: 656186
  • Total Assessed Value: 924127
  • Assessor Parcel Number: 5078-007-002
  • Lot Size Area: 5906

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Attached
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2023
Sold by
2974 San Marino Dev Llc
Bought by
951 Berendo Llc
Current Estimated Value
$1,578,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,140,000
Outstanding Balance
$1,114,667
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$463,900

Purchase Details

Listed on
Apr 28, 2022
Closed on
Jul 21, 2022
Sold by
Cap Town Llc
Bought by
2974 San Marino Dev Llc
Seller's Agent
Sharon Oh
Redpoint Realty
Buyer's Agent
Kay Kim
Kay the Net, Inc.
List Price
$1,499,000
Sold Price
$1,520,000
Premium/Discount to List
$21,000
1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.25%
Original Mortgage
$1,140,000
Interest Rate
5.81%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 1, 2020
Closed on
Sep 9, 2021
Sold by
2974 San Marino Llc
Bought by
Cap Town Llc
Seller's Agent
David Kaufman
David Ballin Kaufman
Buyer's Agent
Sharon Oh
Redpoint Realty
List Price
$1,325,000
Sold Price
$1,200,000
Premium/Discount to List
-$125,000
-9.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.82%

Purchase Details

Listed on
Jun 8, 2015
Closed on
Dec 21, 2015
Sold by
Radic Wilton I
Bought by
2974 San Marino Llc
Seller's Agent
Sue Choi
Choice 100 Realty, Inc.
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$950,000
Sold Price
$840,000
Premium/Discount to List
-$110,000
-11.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.41%
Original Mortgage
$591,500
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2015
Sold by
Radic Wilton I
Bought by
Radic Wilton I and Anda Irma

Purchase Details

Closed on
Jan 25, 2005
Sold by
Mares Alex James
Bought by
Radic Wilton I and Anda Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 1997
Sold by
Zermeno George
Bought by
Mares Alex James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
7.91%
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
951 Berendo Llc -- Accommodation/Courtesy Recordi
951 Berendo Llc -- Accommodation/Courtesy Recordi
2974 San Marino Dev Llc $1,520,000 New Title Company Name
Cap Town Llc $1,200,000 Chicago Title Co
2974 San Marino Llc $845,000 Provident Title Company
Radic Wilton I -- None Available
Radic Wilton I $600,000 Stewart Title
Mares Alex James $225,000 --
Mares Alex James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 951 Berendo Llc $1,140,000
Closed 951 Berendo Llc $1,140,000
Previous Owner 2974 San Marino Dev Llc $1,140,000
Previous Owner 2974 San Marino Llc $591,500
Previous Owner 2974 San Marino Llc $591,500
Previous Owner Radic Wilton I $498,750
Previous Owner Radic Wilton I $577,000
Previous Owner Radic Wilton I $612,500
Previous Owner Radic Wilton I $450,000
Previous Owner Mares Alex James $205,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2022 08/05/22 Sold $1,520,000 +1.4% $414 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
06/21/2022 06/21/22 For Sale $1,499,000 -1.4% $408 / Sq Ft
04/28/2022 04/28/22 Off Market $1,520,000 -- --
09/16/2021 09/16/21 Sold $1,200,000 0.0% $327 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
07/25/2021 07/25/21 Price Changed $1,200,000 -9.4% $327 / Sq Ft
12/01/2020 12/01/20 For Sale $1,325,000 +57.7% $361 / Sq Ft
12/23/2015 12/23/15 Sold $840,000 -11.6% $229 / Sq Ft
09/29/2015 09/29/15 Pending -- -- --
06/08/2015 06/08/15 For Sale $950,000 -- $259 / 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 $19,906 $1,642,200 $1,081,200 $561,000
2024 $19,906 $1,610,000 $1,060,000 $550,000
2023 $18,825 $1,520,000 $1,300,000 $220,000
2022 $14,578 $1,200,000 $850,000 $350,000
2021 $11,421 $924,127 $656,186 $267,941
2019 $11,087 $896,719 $636,724 $259,995
2018 $10,956 $879,138 $624,240 $254,898
2016 $10,458 $845,000 $600,000 $245,000
2015 $8,682 $695,878 $579,902 $115,976
2014 $8,733 $682,248 $568,543 $113,705
Source: Public Records

Agents Affiliated with this Home

  • Sharon Oh

    Seller's Agent in 2022

    Sharon Oh

    Redpoint Realty

    (213) 400-5252

    4 in this area

    13 Total Sales

    Section Image

  • K

    Buyer's Agent in 2022

    Kay Kim

    Kay the Net, Inc.

    Section Image
  • David Kaufman

    Seller's Agent in 2021

    David Kaufman

    David Ballin Kaufman

    (818) 464-3211

    6 in this area

    37 Total Sales

    Section Image
  • Sue Choi

    Seller's Agent in 2015

    Sue Choi

    Choice 100 Realty, Inc.

    (323) 737-4567

    4 in this area

    15 Total Sales

    Section Image

  • S

    Buyer's Agent in 2015

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 22-146857

The MLS

APN: 5078-007-002

California Los Angeles County Los Angeles 90006 Koreatown

2974 San Marino St, Los Angeles, CA

This home is located at 2974 San Marino St, Los Angeles, CA 90006 since 28 April 2022 and is currently estimated at $1,578,567, approximately $429 per square foot. This property was built in 1922. 2974 San Marino St 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.

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