$300,000
SOLD OCT 9, 2014
3 Beds
2 Baths
2,168 Sq Ft
5,040 Sq Ft Lot

Recently Sold

$138 Per Sq Ft

23% Below List Price

29 Days on Market

Highlights

  • Craftsman Architecture
  • Paved or Partially Paved Lot
  • Back Yard
  • Floor Furnace

About This Home

As of July 2015

Investors – Bring your tape measure and calculator to this Great Investor Opportunity – Mid-City Duplex Near Western Avenue
This 1903 constructed duplex consists of an upper and lower unit, with a total of 3 bedrooms and 2 bathrooms. Property has a third dwelling unit at the rear of the lot (buyer to verify all permits).
This property is located in mid city, and inside in the Harvard Heights Historic Preservation Zone. The structure is in mostly original condition and will require repairs.
Convenient to the Santa Monica Freeway, mid-city and downtown

Last Agent to Sell the Property

Theresa La Roche

Keller Williams Realty License #00815018 Listed on: 08/12/2014

Keller Williams Realty

Last Buyer's Agent

Tal Bader

Bader Realty, Inc. License #01751052

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,134

Year Built

  • Built in 1903

Lot Details

  • 5,040 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • On-Street Parking

Home Design

  • 2,168 Sq Ft Home
  • Craftsman Architecture
  • Fixer Upper

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Floor Furnace
  • Sewer Paid

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 5074003015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,134

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Attached: No
  • Architectural Style: Craftsman
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 5074003015
  • Year Built: 1903
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 138.38

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Floor Furnace
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: Back Yard, 0-1 Unit/Acre, Paved
  • Lot Size Sq Ft: 5040.00
  • Lot Size Acres: 0.1160

Multi Family

  • Lot Size Area: 5040.0000 Square Feet
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Lot: 25
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2019
Sold by
Kim Heung Sik
Bought by
Kim Yong Deuk
Current Estimated Value
$1,087,072

Purchase Details

Closed on
Apr 16, 2015
Sold by
Better Investments Llc
Bought by
Kim Heung Sik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,330
Interest Rate
4.01%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 12, 2014
Closed on
Sep 11, 2014
Sold by
Trevino Victor Martin
Bought by
Better Investments Llc
Seller's Agent
Theresa La Roche
Keller Williams Realty
Buyer's Agent
Tal Bader
Bader Realty, Inc.
List Price
$390,000
Sold Price
$300,000
Premium/Discount to List
-$90,000
-23.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.36%
Source: Public Records

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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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $560,000 North American Title
Grant Deed $300,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 New Conventional
Closed $400,000 Commercial
Closed $487,500 New Conventional
Previous Owner $484,330 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2015 07/23/15 Sold $560,000 -13.7% $258 / Sq Ft
07/07/2015 07/07/15 Pending -- -- --
03/02/2015 03/02/15 For Sale $649,000 +116.3% $299 / Sq Ft
10/09/2014 10/09/14 Sold $300,000 -23.1% $138 / Sq Ft
09/10/2014 09/10/14 Pending -- -- --
08/12/2014 08/12/14 For Sale $390,000 -- $180 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2024 $8,134 $649,923 $464,232 $185,691
2023 $7,983 $637,180 $455,130 $182,050
2022 $7,620 $624,687 $446,206 $178,481
2021 $7,517 $612,439 $437,457 $174,982
2020 $7,591 $606,160 $432,972 $173,188
2019 $7,213 $594,276 $424,483 $169,793
2018 $7,137 $582,624 $416,160 $166,464
2016 $6,810 $560,000 $400,000 $160,000
2015 $3,796 $300,000 $200,000 $100,000
2014 $824 $48,149 $39,977 $8,172
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14172784

California Regional Multiple Listing Service (CRMLS)

APN: 5074-003-015