NOT LISTED FOR SALE

Estimated Value: $1,896,000 - $2,517,000

7 Beds
7 Baths
4,108 Sq Ft
$520/Sq Ft Est. Value

Last Sold February 24, 2022

Last sale price $1,950,000 $475 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $13,284/month

36 Days on Market

About This Home

As of February 2022

Rare opportunity to own 4 Units in Hancock Park. Currently owner is in process of converting 3 units (1 bedrooms) into legal 2 bedrooms with city. Only 1 unit will remain same as 1+1. There's a huge upside potential in rent as present rent is still low. One unit will be delivered vacant at close of escrow. Total lot size is 6,860 sq. ft. and zoned for R3 with TOC Tier 3. This property is close to schools, shopping, freeways and DTLA. Hurry, it won't last!

Last Agent to Sell the Property

John C. Pak

Philco Realty License #01898649 Listed on: 11/17/2021

Last Buyer's Agent

Bong Sung

Mega Realty License #01791678

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,987

Year Built

  • Built in 1923

Lot Details

  • 6,860 Sq Ft Lot

Parking

  • 7 Parking Spaces

Interior Spaces

  • 4,108 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5504-024-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,987

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4108
  • Lot Acreage: 0.1575
  • Probate: No
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 7.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 486.00

Exterior Features

  • Other Structures: None
  • View: No

Garage/Parking

  • Total Parking: 7

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 31.15
  • Assessed Improvement Value: 470742
  • Assessed Land Percent: 68.85
  • Assessed Land Value: 1040400
  • Total Assessed Value: 1511142
  • Assessor Parcel Number: 5504-024-005
  • Lot Size Area: 6860

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: 4 Unit
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2023
Sold by
Kim David and Kim Karen
Bought by
336 Wilton Llc
Current Estimated Value
$2,135,864

Purchase Details

Listed on
Nov 17, 2021
Closed on
Feb 15, 2022
Sold by
Eukyeom Kim
Bought by
Kim David and Kim Karen
Seller's Agent
John C. Pak
Philco Realty
Buyer's Agent
Bong Sung
Mega Realty
List Price
$2,000,000
Sold Price
$1,950,000
Premium/Discount to List
-$50,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.53%
Original Mortgage
$980,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2020
Sold by
Eklosangeles Llc
Bought by
Kim Eukyeom

Purchase Details

Closed on
May 9, 2019
Sold by
Kim Eu Kyeom
Bought by
Eklosangeles Llc

Purchase Details

Listed on
Dec 15, 2017
Closed on
Feb 7, 2018
Sold by
Gab Kil Ye
Bought by
Kim Eu Kyeom
Seller's Agent
Richard Kim
Citywide Management and Consulting, Inc.
Buyer's Agent
John C. Pak
Philco Realty
List Price
$1,500,000
Sold Price
$1,425,000
Premium/Discount to List
-$75,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.49%
Original Mortgage
$1,160,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 2007
Sold by
Lee Seung J and Lee Kwang Jae
Bought by
Han Kil Ye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2007
Sold by
Lee Hae Jin
Bought by
Lee Seung Jae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2007
Sold by
Lee Seung Jae
Bought by
Lee Kwang Jae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,500
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2004
Sold by
Lee Chun Hee
Bought by
Lee Kwang Jae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,000
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2004
Sold by
Yi Eul Yong
Bought by
Lee Chun Hee

Purchase Details

Closed on
Apr 13, 2004
Sold by
Nam Chang Su
Bought by
Nam Hyun Sook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,000
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2004
Sold by
Nam Hyun Sook
Bought by
Yi Eul Yong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,000
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 2003
Sold by
Nam Hyun Sook
Bought by
Nam Helen

Purchase Details

Closed on
Oct 27, 1999
Sold by
Nam Chang Su
Bought by
Nam Hyun Sook

Purchase Details

Closed on
Aug 5, 1996
Sold by
Sanfaz Mohamed M
Bought by
Nam Chang Su and Nam Hyun Sook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,200
Interest Rate
4.07%

Purchase Details

Closed on
Oct 13, 1995
Sold by
Han Sang Yong and Han Mee Kyong
Bought by
Sanfaz Mohammed M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.67%
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
336 Wilton Llc -- None Listed On Document
Kim David $1,950,000 Chicago Title
Kim Eukyeom -- Accommodation
Eklosangeles Llc -- None Available
Kim Eu Kyeom $1,430,000 Chicago Title
Han Kil Ye $881,000 Chicago Title Company
Lee Seung Jae -- Chicago Title Company
Lee Seung Jae -- Chicago Title Company
Lee Kwang Jae -- Chicago Title Co
Lee Kwang Jae $810,000 Chicago Title Company
Lee Chun Hee -- --
Nam Hyun Sook -- Ticor Title Co Glendale
Yi Eul Yong $770,000 Ticor Title Co Glendale
Nam Hyun Sook -- Ticor Title Co Glendale
Nam Helen -- Chicago Title Co
Nam Hyun Sook -- Chicago Title
Nam Chang Su $268,000 North American Title
Sanfaz Mohammed M $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim David $980,000
Previous Owner Kim Eu Kyeom $1,160,000
Previous Owner Han Kil Ye $300,000
Previous Owner Lee Kwang Jae $649,500
Previous Owner Lee Kwang Jae $648,000
Previous Owner Yi Eul Yong $539,000
Previous Owner Nam Chang Su $241,200
Previous Owner Sanfaz Mohammed M $184,000
Closed Yi Eul Yong $153,230
Closed Lee Kwang Jae $40,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/24/2022 02/24/22 Sold $1,950,000 -2.5% $475 / Sq Ft
12/23/2021 12/23/21 Pending -- -- --
11/17/2021 11/17/21 For Sale $2,000,000 0.0% $487 / Sq Ft
05/28/2021 05/28/21 Rented $2,400 0.0% --
05/07/2021 05/07/21 For Rent $2,400 0.0% --
03/23/2018 03/23/18 Sold $1,425,000 -5.0% $347 / Sq Ft View Prior Sale
01/30/2018 01/30/18 Pending -- -- --
12/15/2017 12/15/17 For Sale $1,500,000 -- $365 / 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 $24,987 $2,060,400 $1,632,000 $428,400
2024 $24,987 $2,028,780 $1,560,600 $468,180
2023 $24,507 $1,989,000 $1,530,000 $459,000
2022 $18,798 $1,557,331 $1,072,201 $485,130
2021 $18,556 $1,526,796 $1,051,178 $475,618
2020 $18,744 $1,511,142 $1,040,400 $470,742
2019 $17,737 $1,458,600 $1,020,000 $438,600
2018 $14,141 $1,143,766 $861,828 $281,938
2016 $13,502 $1,099,354 $828,363 $270,991
2015 $13,307 $1,082,842 $815,921 $266,921
2014 $13,370 $1,061,632 $799,939 $261,693
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-106015

The MLS

APN: 5504-024-005