NOT LISTED FOR SALE

Estimated Value: $808,000 - $1,252,000

8 Beds
4 Baths
3,300 Sq Ft
$304/Sq Ft Est. Value

Last Sold June 26, 2015

Last sale price $516,000 $156 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $5,905/month

8 Days on Market

Highlights

  • Gated Parking
  • Laundry Room
  • Central Heating
  • No HOA

About This Home

As of June 2015

Great opportunity knocks! Beautiful 4 unit complex on a large lot centrally located in the heart of Los Angeles – minutes away from Downtown, USC, grocery stores, major freeways! Two front units have been recently remodeled with new kitchen (granite countertops, new tile flooring) and new bathroom, new carpet in bedrooms, new laminate flooring, plus new interior paint. New stucco on exterior of the building with new paint. Ample parking space. Don’t miss out on this one - won’t last! All units occupied! Start collecting income right away! Great upsize rental potential in this highly metropolitan location! Listing information deemed reliable, but not guaranteed. Buyer/Buyer's Agent to satisfy themselves on all aspects of the property. No warranties expressed or implied. Sold AS-IS.

Last Agent to Sell the Property

Bryan Castillo

Castillo Realty Group, Inc. License #01912834 Listed on: 04/26/2015

Last Buyer's Agent

Eunice Choi

WIN Realty & Properties License #01402052

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,263 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 3,300 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 10 Parking Spaces
  • Parking Available
  • Gated Parking
  • Paved Parking
  • Uncovered Parking
  • Off-Street Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 5109025029

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,320
  • Trash Expense $600
  • Water Sewer Expense $4,800
  • New Taxes Expense $5,000
  • Gross Income $3,848
  • Net Operating Income $34,456

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 4800.00
  • Property Type: Residential Income
  • Parcel Number: 5109025029
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 156.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, Gated, Off Street, On Site, Uncovered
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Unknown
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5263.00
  • Price Per Lot Square Foot: 98.04
  • Lot Size Acres: 0.1210

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3848.00
  • Gross Scheduled Income: 46176.00
  • Insurance Expense: 1320.00
  • Lot Size Area: 5263.0000 Square Feet
  • Net Operating Income: 34456.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 11720.00
  • Rent Control: Yes
  • Total Actual Rent: 3848.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Lot: 1
  • Tax Tract Number: 1
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2025
Sold by
Chung Esther and Chung Jae Soo
Bought by
Chung Hwal Lan and Chung Esther
Current Estimated Value
$1,004,425

Purchase Details

Listed on
Apr 26, 2015
Closed on
Jun 22, 2015
Sold by
Chung Hwai L
Bought by
Chung Jae S
Seller's Agent
Bryan Castillo
Castillo Realty Group, Inc.
Buyer's Agent
Eunice Choi
WIN Realty & Properties
List Price
$535,000
Sold Price
$516,000
Premium/Discount to List
-$19,000
-3.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Original Mortgage
$379,500
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 26, 2015
Closed on
Jun 16, 2015
Sold by
Neman Margaret
Bought by
Chung Jae S
Seller's Agent
Bryan Castillo
Castillo Realty Group, Inc.
Buyer's Agent
Eunice Choi
WIN Realty & Properties
List Price
$535,000
Sold Price
$516,000
Premium/Discount to List
-$19,000
-3.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,500
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2014
Sold by
Montage Capital Group Llc
Bought by
Neman Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.12%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 26, 2013
Sold by
Gomez Maria
Bought by
Montage Capital Group Llc

Purchase Details

Closed on
Nov 4, 2011
Sold by
Brown Bobby and The Hilson Trust
Bought by
Brown Bobby and Craig William A

Purchase Details

Closed on
Sep 30, 2011
Sold by
Asset Resolution Trust Company
Bought by
The Hilson Trust

Purchase Details

Closed on
Aug 16, 2010
Sold by
Gomez Maria
Bought by
The Hilson Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
4.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 2002
Sold by
Thomas Carol J
Bought by
Gomez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.5%

Purchase Details

Closed on
Nov 16, 2001
Sold by
Thomas James and Thomas Carol J
Bought by
Bankers Trust Company

Purchase Details

Closed on
Jun 3, 1994
Sold by
Thomas James
Bought by
Thomas James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
8.35%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chung Hwal Lan -- Accommodation/Courtesy Recordi
Chung Hwal Lan -- Accommodation/Courtesy Recordi
Chung Jae S -- Provident Title Company
Chung Jae S $516,000 Provident Title Company
Neman Margaret -- Nations Title Company
Neman Margaret -- Nations Title Company
Montage Capital Group Llc $395,500 None Available
Brown Bobby -- None Available
The Hilson Trust -- None Available
Asset Resolution Trust Company $400,000 None Available
The Hilson Trust -- California Counties Title Co
Gomez Maria $315,000 American Title Co
Bankers Trust Company $144,090 Fidelity National Title
Thomas James -- Southern California Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chung Jae S $379,500
Previous Owner Neman Margaret $220,000
Previous Owner The Hilson Trust $114,000
Previous Owner Gomez Maria $260,000
Previous Owner Thomas James $130,000
Closed Gomez Maria $48,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2015 06/26/15 Sold $516,000 -3.6% $156 / Sq Ft
05/04/2015 05/04/15 Pending -- -- --
04/26/2015 04/26/15 For Sale $535,000 -- $162 / 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 $7,829 $620,144 $402,614 $217,530
2024 $7,829 $607,985 $394,720 $213,265
2023 $7,684 $596,065 $386,981 $209,084
2022 $7,338 $584,379 $379,394 $204,985
2021 $7,235 $572,921 $371,955 $200,966
2019 $7,026 $556,930 $360,924 $196,006
2018 $6,916 $546,031 $353,848 $192,183
2016 $6,588 $523,868 $340,108 $183,760
2015 $5,153 $403,402 $203,996 $199,406
2014 -- $395,500 $200,000 $195,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN15088078

California Regional Multiple Listing Service (CRMLS)

APN: 5109-025-029