NOT LISTED FOR SALE

Estimated Value: $862,000 - $1,529,000

8 Beds
4 Baths
4,964 Sq Ft
$239/Sq Ft Est. Value

Last Sold February 24, 2014

Last sale price $539,000 $109 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $7,079/month

35 Days on Market

Highlights

  • No HOA
  • Carpet
  • Wall Furnace

About This Home

As of February 2014

Subject property has 4 large 2 bedroom 1 bath with formal dinning room each, each unit is vacant which allow the purchaser to select their own tenants. EXCELLENT opportunity for long time Investor seeking cash flow opportunity or owner occupant seeking a home with cash flow assistance to cover monthly expenses. Subject property is located in a Urban neighborhood in close proximity to public transportation, school, shopping and easy access to the 110 freeway.

Last Agent to Sell the Property

Ron Edison

Tower Realty & Investments License #00640718 Listed on: 01/10/2014

Last Buyer's Agent

Ron Edison

Tower Realty & Investments License #00640718 Listed on: 01/10/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,247

Year Built

  • Built in 1922

Lot Details

  • 6,880 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 4,964 Sq Ft Home
  • 2-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 33
  • Tax Tract Number 2319
  • Assessor Parcel Number 5110022015

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,247

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 134975
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5110022015
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 108.58

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6880.00
  • Lot Size Acres: 0.1580

Multi Family

  • Gross Income: 4800.00
  • Lot Size Area: 6880.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Lot: 33
  • Tax Tract Number: 2319
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2023
Sold by
Abcd Lam Family Trust
Bought by
334 50Th St Llc
Current Estimated Value
$1,184,000

Purchase Details

Closed on
Jun 8, 2020
Sold by
Lam Abraham M and Bi Yuxin
Bought by
Wong Alfred K and Lam Abraham M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2020
Sold by
Feng Yan
Bought by
Wong Alfred K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2016
Sold by
Wong Alfred Kwok
Bought by
Wong Alfred K and Lam Abraham M

Purchase Details

Listed on
Jan 10, 2014
Closed on
Feb 18, 2014
Sold by
Fannie Mae
Bought by
Wong Alfred Kwok
Seller's Agent
Ron Edison
Tower Realty & Investments
Buyer's Agent
Ron Edison
Tower Realty & Investments
List Price
$539,900
Sold Price
$539,000
Premium/Discount to List
-$900
-0.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%
Original Mortgage
$357,000
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2012
Sold by
Chung Nak Myung
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 18, 2005
Sold by
Jung Mi Jung
Bought by
Chung Nak Myung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 2005
Sold by
Kim Hyung Sun
Bought by
Chung Nak Myung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2005
Sold by
Kim Soon J
Bought by
Kim Hyung Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
3.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 3, 2005
Sold by
Gonzalez Esther Arallano
Bought by
Kim Hyung Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
3.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 17, 2003
Sold by
Nu Century Properties Llc
Bought by
Gonzalez Esther Arellano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2003
Sold by
Oren Efraim
Bought by
Bienenfeld A D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 2002
Sold by
Orem Kristan
Bought by
Oren Efraim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
6.16%

Purchase Details

Closed on
Aug 6, 2002
Sold by
Fairbanks Capital
Bought by
Oren Efraim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
6.16%

Purchase Details

Closed on
Apr 24, 2002
Sold by
Flores Fulgencio
Bought by
California Equicredit Corp

Purchase Details

Closed on
Jan 2, 2002
Sold by
Teal Charles Terry
Bought by
Nwagbara Edozie

Purchase Details

Closed on
Dec 11, 2001
Sold by
Whitaker Litashe Cook
Bought by
Teal Charles Terry

Purchase Details

Closed on
Sep 20, 2001
Sold by
Williams Ieda V
Bought by
Whitaker Litashe Cook

Purchase Details

Closed on
Jul 3, 2001
Sold by
Flores Fulgencio
Bought by
Williams Julia

Purchase Details

Closed on
Nov 19, 1997
Sold by
United Pacific Investments
Bought by
Flores Fulgencio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
7.23%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 24, 1997
Sold by
Barton Dorothy A
Bought by
United Noetic Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
7.23%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 3, 1997
Sold by
Campbell Clyde C
Bought by
Barton Dorothy A

Purchase Details

Closed on
Dec 19, 1996
Sold by
Granville Onie B and Granville Edward V
Bought by
Barton Dorothy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
9.75%

Purchase Details

Closed on
Mar 26, 1996
Sold by
Mckinley Bertha M
Bought by
Granville Onie B and Granville Edward
Source: Public Records

Range of Values:

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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
334 50Th St Llc -- None Listed On Document
Wong Alfred K -- Wfg National Title Company
Lam Abraham M -- Wfg National Title Company
Wong Alfred K -- Wfg National Title Company
Wong Alfred K -- None Available
Wong Alfred Kwok $510,000 Servicelink
Federal National Mortgage Association $312,700 Landsafe Title
Chung Nak Myung -- Chicago Title Co
Chung Nak Myung $700,000 Chicago Title Co
Kim Hyung Sun -- Southland Title Corporation
Kim Hyung Sun $600,000 --
Gonzalez Esther Arellano $399,000 Southland Title
Nucentury Properties Llc -- Southland Title
Bienenfeld A D -- --
Oren Efraim -- First American Title Co
Oren Efraim $243,000 First American Title Ins Co
Fairbanks Capital Corp -- First American Title Ins Co
California Equicredit Corp $295,990 United Title Company
Nwagbara Edozie -- --
Teal Charles Terry -- --
Whitaker Litashe Cook -- --
Williams Julia -- --
Flores Fulgencio $290,000 Guardian Title Company
United Noetic Investments -- Guardian Title Company
Barton Dorothy A -- --
Barton Dorothy A $240,000 Commonwealth Land Title Co
Granville Onie B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wong Alfred K $329,000
Previous Owner Wong Alfred Kwok $357,000
Previous Owner Chung Nak Myung $510,000
Previous Owner Chung Nak Myung $510,000
Previous Owner Kim Hyung Sun $540,000
Previous Owner Gonzalez Esther Arellano $390,400
Previous Owner Gonzalez Esther Arellano $319,200
Previous Owner Oren Efraim $247,000
Previous Owner Flores Fulgencio $48,000
Previous Owner Flores Fulgencio $246,500
Previous Owner Barton Dorothy A $192,000
Closed Gonzalez Esther Arellano $39,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2014 02/24/14 Sold $539,000 -0.2% $109 / Sq Ft
01/17/2014 01/17/14 Pending -- -- --
12/13/2013 12/13/13 For Sale $539,900 -- $109 / 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 $9,247 $726,914 $306,280 $420,634
2024 $9,247 $712,662 $300,275 $412,387
2023 $9,077 $698,689 $294,388 $404,301
2022 $8,671 $684,990 $288,616 $396,374
2021 $8,542 $671,559 $282,957 $388,602
2020 $8,621 $664,674 $280,056 $384,618
2019 $8,296 $651,642 $274,565 $377,077
2018 $8,158 $638,866 $269,182 $369,684
2016 $6,733 $528,121 $217,461 $310,660
2015 $7,149 $520,189 $214,195 $305,994
2014 $5,114 $381,162 $204,926 $176,236
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS13247080

California Regional Multiple Listing Service (CRMLS)

APN: 5110-022-015