NOT LISTED FOR SALE

Estimated Value: $967,000 - $1,247,551

4 Beds
3 Baths
2,408 Sq Ft
$470/Sq Ft Est. Value

Last Sold May 30, 2019

Last sale price $751,000 $312 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $7,035/month

33 Days on Market

Highlights

  • RV Access or Parking
  • Craftsman Architecture
  • Living Room with Attached Deck
  • Gated Parking
  • Wood Flooring
  • 4-minute walk to Leslie N Shaw Park

About This Home

As of May 2019

Large lot zoned R1 with 2 units located in Jefferson Park with easy access to the 10 Freeway, USC and the Expo Line. The property features a large craftsman home with 3-bedrooms and 2-bathrooms and a standalone 1-bed 1-bath home as well as a garage. This is the perfect opportunity for an owner-occupant looking for a second unit to help cover the mortgage or an investor looking to build their portfolio. The beautifully restored craftsman 3-bedroom 2-bathroom front house features a lot of original charm with built-in cabinetry in the dining room, built-in bookshelf in the living room, crown molding throughout, wainscoting, 2 beautiful fireplaces with original detail and a 40" solid wood Dutch front door with built-in original leaded glass window. The home also has the convenience of an indoor laundry room, a gated private front yard and off-street parking for 4+ cars as well as a garage. The front house has also undergone extensive remodeling including upgraded partial copper plumbing, a forced air heating system and all new duct work, new interior doors, interior paint, new custom-made kitchen cabinets and granite counter tops, remodeled bathrooms and new landscaping with sprinkler system. The detached private back house has 1-bedroom and 1-bathroom with new floors in the kitchen, bathroom and inside laundry. The back unit is in original condition but functional. Take advantage of this incredible investment opportunity.

Last Agent to Sell the Property

William Larson

First Team Real Estate License #01373184 Listed on: 03/10/2019

Last Buyer's Agent

May Hyun Pak

New Star Realty License #01870596

New Star Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,405

Year Built

  • Built in 1938 | Remodeled

Lot Details

  • 8,153 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • 4 Open Parking Spaces
  • Oversized Parking
  • Parking Available
  • Rear-Facing Garage
  • Side Facing Garage
  • Single Garage Door
  • Driveway Level
  • Gated Parking
  • Parking Lot
  • Off-Street Parking
  • RV Access or Parking

Home Design

  • Duplex
  • Craftsman Architecture
  • Bungalow
  • Raised Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 2,408 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Track Lighting
  • Wood Frame Window
  • Window Screens
  • Family Room with Fireplace
  • Living Room with Attached Deck
  • Den with Fireplace
  • Storage
  • Laundry Room

Kitchen

  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Gas Water Heater
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 119
  • Tax Tract Number 557
  • Assessor Parcel Number 5042003039

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,000
  • Maintenance Expense $1,769
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $9,863
  • Operating Expense $16,632
  • Gross Income $50,400
  • Net Operating Income $32,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,405

Year Built

Built in 1938 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 4.10
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Subdivision Name Other: Jefferson Park
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LAR1
  • Architectural Style: Bungalow, Craftsman
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5042003039
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Partial, Crown Molding, Granite Counters, Living Room Deck Attached, Storage, Track Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Fireplace Features: Den, Family Room
  • Levels: One
  • Price Per Square Foot: 311.88
  • Room Type: All Bedrooms Down, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom
  • Window Features: Screens, Wood Frames

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Driveway Level, Garage, Garage Faces Rear, Garage Faces Side, Garage - Single Door, Gated, Off Street, Oversized, Parking Space, RV Access/Parking, RV Potential, Uncovered
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected
  • Laundry: Yes
  • Appliances: Disposal, Gas Water Heater
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard
  • Lot Size Sq Ft: 8153.00
  • Lot Size Acres: 0.1872

Multi Family

  • Gross Income: 50400.00
  • Gross Multiplier: 15.65
  • Gross Operating Income: 48888.00
  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 8153.0000 Square Feet
  • Maintenance Expense: 1769.00
  • Net Operating Income: 32256.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 16632.00
  • Operating Expense Percent: 33.00
  • Rent Control: Yes
  • Total Expenses: 16632.00
  • Vacancy Allowance: 1512
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9863.00
  • Tax Census Tract: 2190.20
  • Tax Lot: 119
  • Tax Tract Number: 557

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2020
Sold by
Kang Sang Min
Bought by
Kang Sang Min and Hwang Hyunji
Current Estimated Value
$1,132,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Outstanding Balance
$418,575
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$713,563

Purchase Details

Listed on
Mar 10, 2019
Closed on
May 15, 2019
Sold by
Hwang Hyunji
Bought by
Kang Sang Min
Seller's Agent
William Larson
First Team Real Estate
Buyer's Agent
May Hyun Pak
New Star Realty
List Price
$789,000
Sold Price
$751,000
Premium/Discount to List
-$38,000
-4.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.79%
Original Mortgage
$470,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 10, 2019
Closed on
Apr 10, 2019
Sold by
Fusilier Gretchen
Bought by
Kang Sang Min
Seller's Agent
William Larson
First Team Real Estate
Buyer's Agent
May Hyun Pak
New Star Realty
List Price
$789,000
Sold Price
$751,000
Premium/Discount to List
-$38,000
-4.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2005
Sold by
Fusilier Gretchen
Bought by
Fusilier Gretchen

Purchase Details

Closed on
Apr 30, 1997
Sold by
Barnes Ethel
Bought by
Barnes Ethel and Fusilier Gretchen
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
Kang Sang Min -- Usa National Title Company
Kang Sang Min -- Fidelity National Title
Kang Sang Min $751,000 Fidelity National Title
Fusilier Gretchen -- --
Barnes Ethel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kang Sang Min $468,000
Previous Owner Kang Sang Min $470,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2019 05/30/19 Sold $751,000 -4.8% $312 / Sq Ft
04/12/2019 04/12/19 Pending -- -- --
03/10/2019 03/10/19 For Sale $789,000 -- $328 / 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 $10,405 $837,751 $726,201 $111,550
2024 $10,405 $821,325 $711,962 $109,363
2023 $10,213 $805,221 $698,002 $107,219
2022 $9,754 $789,433 $684,316 $105,117
2021 $9,627 $773,955 $670,899 $103,056
2020 $9,722 $766,020 $664,020 $102,000
2019 $2,332 $556,045 $499,821 $56,224
2018 $6,935 $545,143 $490,021 $55,122
2016 $6,624 $523,977 $470,994 $52,983
2015 $6,279 $495,000 $444,800 $50,200
2014 $5,889 $450,000 $404,400 $45,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19050107

California Regional Multiple Listing Service (CRMLS)

APN: 5042-003-039