NOT LISTED FOR SALE

Estimated Value: $854,592 - $926,000

3 Beds
2 Baths
1,448 Sq Ft
$617/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $640,000 $442 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,292/month

5 Days on Market

About This Home

As of October 2020

ATTENTION!! ALL OFFERS WILL BE REVIEWED FRI, 9/4 IN THE EVENING. PLEASE SUBMIT YOUR BEST AND HIGHEST!! OPPORTUNITY KNOCKS FOR ONE LUCKY BUYER, INVESTOR, OR DEVELOPER LOOKING TO REHAB OR COMPLETELY REBUILD IN THIS PRIME LOCATION!! ZONED LARD2 AND SITS ON A HUGE 7,474 SF LOT. SO MANY POSSIBILITIES!! SITUATED NEAR USC & THE L.A. COLISEUM (1.6 MILES AWAY) AND STAPLES CENTER (1.7 MILES AWAY). INCREDIBLY STRONG RENTAL MARKET IN A QUALIFIED OPPORTUNITY ZONE. MULTI-FAMILY UNITS HAVE ALREADY BEEN BUILT ON THIS VERY STREET. WILL BE DELIVERED COMPLETELY VACANT AT CLOSE OF ESCROW. YOU DON'T WANT TO MISS OUT!!

Last Agent to Sell the Property

Celeste Molina

Molina & Associates License #01714865 Listed on: 09/01/2020

Last Buyer's Agent

Peter Hong

License #01855951

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,530

Year Built

  • Built in 1897

Lot Details

  • 7,474

Home Design

  • 1,448 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • 3 Carport Spaces

Additional Features

  • 7,474 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5127-035-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,530

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1448
  • Lot Acreage: 0.1716
  • Probate: No
  • Year Built: 1897
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 3
  • Common Walls: Attached
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 400.55

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Carport Spaces: 3
  • Other Spaces: 6
  • Parking Garage: Uncovered
  • Total Parking: 6

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Percent: 44.83
  • Assessed Improvement Value: 46398
  • Assessed Land Percent: 55.17
  • Assessed Land Value: 57110
  • Total Assessed Value: 103508
  • Assessor Parcel Number: 5127-035-001
  • Lot Size Area: 7474

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Oct 23, 2020
Sold by
Suk Sojung
Bought by
Kim Jun Young
Seller's Agent
Celeste Molina
Molina & Associates
Buyer's Agent
Peter Hong
List Price
$580,000
Sold Price
$640,000
Premium/Discount to List
$60,000
10.34%
Current Estimated Value
$840,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,856
Avg. Annual Appreciation
7.22%
Original Mortgage
$544,000
Outstanding Balance
$485,186
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$407,962

Purchase Details

Listed on
Sep 1, 2020
Closed on
Oct 7, 2020
Sold by
Muir Nora H
Bought by
Kim Jun Young
Seller's Agent
Celeste Molina
Molina & Associates
Buyer's Agent
Peter Hong
List Price
$580,000
Sold Price
$640,000
Premium/Discount to List
$60,000
10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Outstanding Balance
$485,186
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$407,962
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
Kim Jun Young -- Lawyers Title Company
Kim Jun Young $640,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Jun Young $544,000
Previous Owner Muir Nora H $525,000
Previous Owner Muir Nora H $25,000
Previous Owner Muir Nora H $34,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $640,000 +10.3% $442 / Sq Ft
09/06/2020 09/06/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $580,000 -- $401 / 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 $8,530 $692,754 $450,291 $242,463
2024 $8,530 $679,171 $441,462 $237,709
2023 $8,368 $665,855 $432,806 $233,049
2022 $7,985 $652,800 $424,320 $228,480
2021 $7,887 $640,000 $416,000 $224,000
2019 $1,545 $107,688 $59,417 $48,271
2018 $1,422 $105,577 $58,252 $47,325
2016 $1,343 $101,480 $55,991 $45,489
2015 $1,325 $99,956 $55,150 $44,806
2014 $1,343 $97,999 $54,070 $43,929
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-626388

The MLS

APN: 5127-035-001