NOT LISTED FOR SALE

Estimated Value: $631,000 - $789,000

4 Beds
4 Baths
1,936 Sq Ft
$372/Sq Ft Est. Value

Last Sold July 08, 2022

Last sale price $675,000 $349 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,661/month

15 Days on Market

About This Home

As of July 2022

A true definition of a mailbox income property! These units are centrally located near the University of Southern California, major stores, shops, and minutes away from vibrant Downtown Los Angeles. This 4-unit property boasts the following upgrades: complete electrical rewire and panel upgrade, copper plumbing, remodeled restrooms, and laminate floors. Each unit has its own parking space. Pride of ownership.

Last Agent to Sell the Property

Robert Estrada

Prospect Group Inc. License #01880417 Listed on: 05/25/2022

Last Buyer's Agent

Grace Kim

Century 21 Peak License #01904662

Century 21 Peak

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,652

Year Built

  • Built in 1924

Lot Details

  • 5,000 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,936 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 300
  • Tax Tract Number 300
  • Assessor Parcel Number 5120014023
  • $369 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $6,500
  • Operating Expense $7,700
  • Net Operating Income $36,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,652

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Other Phone Description: 323-519-4176
  • Price Per Unit: 149750
  • Property Attached: Yes
  • Water Sewer Expenses: 6500.00
  • Zoning: LAR2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5120014023
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 348.66

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Scheduled Income: 44160.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 36460.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7700.00
  • Rent Control: Yes
  • Total Expenses: 7700.00

Tax Info

  • Tax Census Tract: 2284.10
  • Tax Lot: 300
  • Tax Tract Number: 300
  • TaxOtherAnnualAssessmentAmount: 369.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2022
Closed on
Jun 10, 2022
Sold by
Omar Fletes
Bought by
Kim Jong Yun and Kim Danielle Lee
Seller's Agent
Robert Estrada
Prospect Group Inc.
Buyer's Agent
Grace Kim
Century 21 Peak
List Price
$599,000
Sold Price
$675,000
Premium/Discount to List
$76,000
12.69%
Current Estimated Value
$719,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,687
Avg. Annual Appreciation
2.09%
Original Mortgage
$410,000
Outstanding Balance
$390,668
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$329,019

Purchase Details

Listed on
Oct 11, 2012
Closed on
Dec 7, 2012
Sold by
Hsbc Bank Usa National Association
Bought by
Fletes Omar
Seller's Agent
Elmon Leggett
Realty Excel
Buyer's Agent
Robert Estrada
List Price
$24,900
Sold Price
$281,300
Premium/Discount to List
$256,400
1029.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.67%
Original Mortgage
$206,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2010
Sold by
Bolainez Juan R and Medina Leticia R
Bought by
Hsbc Bank Usa National Association
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kim Jong Yun $675,000 Fidelity National Title
Fletes Omar $281,500 First American Title Company
Hsbc Bank Usa National Association $243,100 Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Jong Yun $410,000
Previous Owner Fletes Omar $280,000
Previous Owner Fletes Omar $206,000
Previous Owner Bolainez Juan R $457,500
Previous Owner Bolainez Juan R $59,000
Previous Owner Bolainez Juan R $405,000
Previous Owner Bolainez Juan R $237,000
Previous Owner Bolainez Juan R $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2022 07/08/22 Sold $675,000 +12.7% $349 / Sq Ft
06/09/2022 06/09/22 Pending -- -- --
05/25/2022 05/25/22 For Sale $599,000 +112.9% $309 / Sq Ft
01/17/2013 01/17/13 Sold $281,300 +1029.7% $145 / Sq Ft
10/30/2012 10/30/12 Pending -- -- --
10/11/2012 10/11/12 For Sale $24,900 -- $13 / 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 $8,652 $702,270 $499,392 $202,878
2024 $8,652 $688,500 $489,600 $198,900
2023 $8,488 $675,000 $480,000 $195,000
2022 $4,190 $326,413 $185,661 $140,752
2021 $4,132 $320,014 $182,021 $137,993
2019 $4,014 $310,764 $176,623 $134,141
2018 $3,947 $304,676 $173,160 $131,516
2016 $3,761 $292,616 $166,437 $126,179
2015 $3,709 $288,221 $163,937 $124,284
2014 $3,747 $282,576 $160,726 $121,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD22111750

California Regional Multiple Listing Service (CRMLS)

APN: 5120-014-023