NOT LISTED FOR SALE

Estimated Value: $1,373,000 - $1,595,000

7 Beds
4.5 Baths
4,537 Sq Ft
$320/Sq Ft Est. Value

Last Sold October 07, 2016

Last sale price $875,000 $193 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $8,776/month

8 Days on Market

Highlights

  • 12,240 Sq Ft lot
  • 6 Car Garage
  • 5-minute walk to Benny H. Potter West Adams Avenues Memorial Park

About This Home

As of October 2016

Fantastic opportunity in historical W Adams Terrace area of Los Angeles. This Triplex has an abundance of charm and is situated on a very special block of W Adams across the street from multiple places of worship including famed Holman United Methodist Church and Peace Awareness Labryinth Gardens. Property has tremendous upside, and is great for an owner-user as the middle unit will be delivered Vacant at close of escrow. Do no disturb occupants or walk on property. Interior viewings with accepted offer only. Property being sold as-is, there will be no credits or repairs done.

Last Agent to Sell the Property

Joshua Barre

Westside Property Management Inc. License #01222605 Listed on: 08/01/2016

Last Buyer's Agent

Joon Jung

Bee Investment, Inc. License #01292015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,818

Year Built

  • Built in 1942

Lot Details

  • 0.28

Home Design

  • Triplex

Interior Spaces

  • 4,537 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4.5 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 6 Car Garage
  • Driveway

Additional Features

  • 0.28 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5059-023-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,818

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Advertising Remarks: Fantastic opportunity in historical W Adams Terrace area of Los Angeles. This Triplex has an abundance of charm and is situated on a very special block of W Adams across the street from multiple places of worship including famed Holman United Methodist Church and Peace Awareness Labryinth Gardens. Property has tremendous upside, and is great for an owner-user as the middle unit will be delivered Vacant at close of escrow. Do no disturb occupants or walk on property. Interior viewings with accepted offer only.
  • Living Area: 4537
  • Stories: 2
  • Year Built: 1942
  • Number Of Photos: 40
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.50
  • Den: 0
  • Equipment: Dryer, Garbage Disposal, Range/Oven, Washer
  • Price Per S Q F T: 187.24

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway, Garage
  • Total Parking: 6

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 214294
  • Assessed Land Value: 642889
  • Assessor Parcel Number: 5059-023-021
  • Geocode Override: No
  • Lot Size Area: 12240

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2016
Closed on
Sep 30, 2016
Sold by
Lee Yoonah
Bought by
Jin Ho Song
Seller's Agent
Joshua Barre
Westside Property Management Inc.
Buyer's Agent
Joon Jung
Bee Investment, Inc.
List Price
$849,500
Sold Price
$875,000
Premium/Discount to List
$25,500
3%
Current Estimated Value
$1,453,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$578,855
Avg. Annual Appreciation
5.91%
Original Mortgage
$645,300
Outstanding Balance
$518,227
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$948,458

Purchase Details

Listed on
Aug 1, 2016
Closed on
Aug 31, 2016
Sold by
Rhymes Alicia
Bought by
Jin Ho Song
Seller's Agent
Joshua Barre
Westside Property Management Inc.
Buyer's Agent
Joon Jung
Bee Investment, Inc.
List Price
$849,500
Sold Price
$875,000
Premium/Discount to List
$25,500
3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,300
Outstanding Balance
$518,227
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$948,458

Purchase Details

Closed on
Sep 11, 2008
Sold by
Rhymes Alicia and Malbrue Bernice
Bought by
Rhymes Alicia

Purchase Details

Closed on
Jan 6, 2006
Sold by
Malbrue Bernice and Rhymes Alicia
Bought by
Malbrue Bernice

Purchase Details

Closed on
Jun 5, 2002
Sold by
Malbrue Bernice and Mallard Natalie B
Bought by
Malbrue Bernice

Purchase Details

Closed on
Jan 8, 1999
Sold by
Mallard Paul Douglas
Bought by
Malbrue Bernice

Purchase Details

Closed on
Jan 20, 1995
Sold by
Malbrue Bernice
Bought by
Malbrue Bernice and Washington Alma L

Purchase Details

Closed on
Nov 16, 1994
Sold by
Finney Natalie B
Bought by
Malbrue Bernice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.49%
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
Jin Ho Song -- Progressive Title
Jin Ho Song $875,000 Progressive Title
Rhymes Alicia -- None Available
Malbrue Bernice -- --
Malbrue Bernice -- --
Malbrue Bernice -- --
Malbrue Bernice -- --
Malbrue Bernice -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jin Ho Song $645,300
Previous Owner Malbrue Bernice $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2016 10/07/16 Sold $875,000 +3.0% $193 / Sq Ft
08/01/2016 08/01/16 For Sale $849,500 -- $187 / 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 $12,818 $1,015,506 $609,305 $406,201
2024 $12,818 $995,595 $597,358 $398,237
2023 $12,584 $976,075 $585,646 $390,429
2022 $12,027 $956,937 $574,163 $382,774
2021 $11,861 $938,174 $562,905 $375,269
2019 $11,521 $910,350 $546,210 $364,140
2018 $11,339 $892,500 $535,500 $357,000
2016 $10,885 $870,254 $652,693 $217,561
2015 $10,731 $857,183 $642,889 $214,294
2014 $10,781 $840,393 $630,296 $210,097
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-149132

The MLS

APN: 5059-023-021