NOT LISTED FOR SALE

3025 Walton Ave Los Angeles, CA 90007

Adams-Normandie Neighborhood

Estimated Value: $1,193,000 - $1,933,000

2 Beds
3 Baths
1,544 Sq Ft
$1,042/Sq Ft Est. Value

Last Sold August 19, 2019

Last sale price $844,000 $547 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $10,693/month

11 Days on Market

About This Home

As of August 2019

STUDENT HOUSING DEVELOPMENT OPPORTUNITY NEAR USC. This triplex is a value-add or student housing development opportunity in Los Angeles. Great opportunity for owner/user OR take advantage of the LARD2 zoning and build up to 5 units. Buyer to investigate. Front two units consist of 1+1 bath each. Back unit is a studio. All units are separately metered for elect. & gas w/separate water heaters, LOW EXPENSES. 2 UNITS ARE CURRENTLY VACANT. Amazing opportunity for investors, developers, & savvy owner-occupied buyers. Seller will credit to relocate current tenant

Last Agent to Sell the Property

D. Danielle Hoston Wrighster

D Danielle Hoston Wrighster License #01304644 Listed on: 06/15/2019

Last Buyer's Agent

Joanna Moss

Equity Union License #01776015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,931

Year Built

  • Built in 1923

Lot Details

  • 6,250 Sq Ft Lot

Interior Spaces

  • 1,544 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5040-024-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,931

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1544
  • Probate: No
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 582.25

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 2

Lot Info

  • Assessed Improvement Value: 9899
  • Assessed Land Value: 22362
  • Assessor Parcel Number: 5040-024-015
  • Geocode Override: No
  • Lot Size Area: 6250

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: attached
  • Vacancy Rate: .33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2020
Sold by
Lin Zhong and Yao Wei
Bought by
Wecome Llc
Current Estimated Value
$1,609,000

Purchase Details

Listed on
Jun 15, 2019
Closed on
Jul 22, 2019
Sold by
Fernadale Sfla2 Llc
Bought by
Lin Zhong and Yao Wei
Seller's Agent
D. Danielle Hoston Wrighster
D Danielle Hoston Wrighster
Buyer's Agent
Joanna Moss
Equity Union
List Price
$899,000
Sold Price
$844,000
Premium/Discount to List
-$55,000
-6.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.60%
Original Mortgage
$539,000
Interest Rate
6.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 17, 2018
Sold by
Ellmore Curtis H
Bought by
Ferndale Sfla2 Llc

Purchase Details

Closed on
Nov 6, 2017
Sold by
Castron Conchita
Bought by
Ellmore Curtis H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$503,662
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 20, 2005
Sold by
Judice Juanita E and Ker Juanita E
Bought by
Judice Juanita E and Castron Conchita
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
Wecome Llc -- None Available
Lin Zhong $844,000 Lawyers Title
Ferndale Sfla2 Llc -- None Available
Ellmore Curtis H $575,000 Lawyers Title Company
Castron Conchita -- Lawyers Title Company
Judice Juanita E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wecome Llc $3,555,000
Closed Wecome Llc $1,779,622
Previous Owner Lin Zhong $539,000
Previous Owner Ellmore Curtis H $503,662
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2019 08/19/19 Sold $844,000 -6.1% $547 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
06/15/2019 06/15/19 For Sale $899,000 -- $582 / 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 $23,931 $1,967,706 $923,033 $1,044,673
2024 $23,931 $1,929,125 $904,935 $1,024,190
2023 $10,998 $887,192 $630,706 $256,486
2022 $10,494 $869,797 $618,340 $251,457
2021 $10,363 $852,743 $606,216 $246,527
2020 $10,468 $844,000 $600,000 $244,000
2019 $7,227 $586,500 $357,000 $229,500
2018 $4,523 $360,304 $324,277 $36,027
2016 $568 $31,629 $21,924 $9,705
2015 $562 $31,155 $21,595 $9,560
2014 $587 $30,545 $21,172 $9,373
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    D. Danielle Hoston Wrighster

    D Danielle Hoston Wrighster

  • J

    Buyer's Agent in 2019

    Joanna Moss

    Equity Union

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Map

Source: The MLS

MLS Number: 19-478958

The MLS

APN: 5040-024-015

California Los Angeles County Los Angeles 90007 Adams-Normandie

3025 Walton Ave, Los Angeles, CA

This home is located at 3025 Walton Ave, Los Angeles, CA 90007 since 15 June 2019 and is currently estimated at $1,609,000, approximately $1,042 per square foot. This property was built in 1923. 3025 Walton Ave is a home located in Los Angeles County with nearby schools including John W. Mack Elementary School, Manual Arts Senior High School, and Equitas Academy 5.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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