NOT LISTED FOR SALE

Estimated Value: $1,014,849 - $1,201,000

8 Beds
4 Baths
3,260 Sq Ft
$343/Sq Ft Est. Value

Last Sold August 05, 2019

Last sale price $725,000 $222 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $6,687/month

21 Days on Market

Highlights

  • Contemporary Architecture
  • Living Room
  • Central Heating and Cooling System
  • No HOA
  • Laundry Room
  • 2 Car Garage

About This Home

As of August 2019

• 2013-built Duplex in high demand area • 2 Units with 4 Beds/2 Baths in each unit • Total 3.260 sq.ft. on a 5,282 sq.ft. lot • Laminate floors, granite countertops • Fully rented, easy to manage • Month-to-month lease at $3,800/month • Market rent $4,800; No rent control • Separate meters; Tenants pay all utilities • Current actual cap rate 4.92% • Pro forma GRM 13x • Pro forma cap rate 6.11% with higher tax and rent

Last Agent to Sell the Property

Kevin Lin

First Team Real Estate License #01971341 Listed on: 05/07/2019

First Team Real Estate

Co-Listed By

Siew Chua

ReMax 2000 Realty License #01986045

Last Buyer's Agent

Byungtai Park

Masters Realty & Investment License #01841425

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,780

Year Built

  • Built in 2013

Lot Details

  • 5,282 Sq Ft Lot
  • Lot Dimensions are 39' x 135'
  • 1 Common Wall
  • Level Lot

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Entry on the 1st floor

Interior Spaces

  • 3,260 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 26 / 9
  • Tax Tract Number 239330
  • Assessor Parcel Number 6006017010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,780

Year Built

Built in 2013

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: No
  • Zoning: LAR2
  • Architectural Style: Contemporary
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 6006017010
  • Year Built: 2013
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 3260.00 Square Feet
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 8
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 222.39
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking Features: Garage, Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size: 39' x 135'
  • Lot Size Sq Ft: 5282.00
  • Lot Size Acres: 0.1213

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5282.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 9
  • Tax Census Tract: 2393.30
  • Tax Lot: 26
  • Tax Tract Number: 239330

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2019
Closed on
Jul 8, 2019
Sold by
Wang Shenghua and Wang Aiying
Bought by
Park Ki Kun and Park Susie Young Ran
Seller's Agent
Kevin Lin
First Team Real Estate
Buyer's Agent
Byungtai Park
Masters Realty & Investment
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%
Current Estimated Value
$1,119,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$394,712
Avg. Annual Appreciation
7.21%
Original Mortgage
$425,000
Outstanding Balance
$372,185
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$747,527

Purchase Details

Closed on
May 17, 2011
Sold by
Kelly Sharon Anita
Bought by
Ocean Investment Properties

Purchase Details

Closed on
Oct 21, 2008
Sold by
Chacon Robert Duke
Bought by
Chacon Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.25%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

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 Buyer Sale Price Title Company
Park Ki Kun $725,000 Chicago Title Company
Ocean Investment Properties $119,000 Lawyers Title
Chacon Robert D -- Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Ki Kun $425,000
Previous Owner Chacon Robert D $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2019 08/05/19 Sold $725,000 -3.3% $222 / Sq Ft
05/28/2019 05/28/19 Pending -- -- --
05/07/2019 05/07/19 For Sale $750,000 +530.3% $230 / Sq Ft
10/22/2012 10/22/12 Sold $119,000 -8.5% $124 / Sq Ft View Prior Sale
10/07/2011 10/07/11 For Sale $129,999 0.0% $135 / Sq Ft
10/07/2011 10/07/11 Price Changed $129,999 +9.2% $135 / Sq Ft
05/14/2011 05/14/11 Off Market $119,000 -- --
02/14/2011 02/14/11 For Sale $187,550 -- $195 / 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
2025 $9,780 $792,889 $437,456 $355,433
2024 $9,780 $777,343 $428,879 $348,464
2023 $9,595 $762,102 $420,470 $341,632
2022 $9,154 $747,160 $412,226 $334,934
2021 $9,030 $732,511 $404,144 $328,367
2019 $6,546 $521,981 $219,781 $302,200
2018 $6,436 $511,747 $215,472 $296,275
2016 $6,125 $491,877 $207,106 $284,771
2015 $6,038 $484,490 $203,996 $280,494
2014 $6,067 $475,000 $200,000 $275,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR19109430

California Regional Multiple Listing Service (CRMLS)

APN: 6006-017-010