$830,000
SOLD NOV 14, 2024
4 Beds
2 Baths
2,900 Sq Ft
6,100 Sq Ft Lot

Recently Sold

$286 Per Sq Ft

8% Below List Price

61 Days on Market

Highlights

  • Colonial Architecture
  • Fireplace
  • Ceiling Fan
  • Balcony
  • Laundry Room
  • Floor Furnace

About This Home

As of November 2024

Motivated Seller! Reduced Price on tenant-occupied Duplex in Desirable Arlington Heights. Exceptional investment opportunity near Country Club Park, Western Heights, Koreatown, and West Adams. This two-story Spanish Colonial duplex, built in 1923, is now listed at a significantly reduced price because property will be sold tenant-occupied. Property features two nearly identical units, each with 2 bedrooms, 1 bathroom, a spacious living room, formal dining room, kitchen, and laundry room, each approximately 1,450 sq. ft. The property includes (3) 1-car garages with potential for ADU conversion to increase rental income. With 2,900 sq. ft. of living space on a 6,098 sq. ft. LARD2 zoned TOC Tier 2 lot, this property offers versatility and significant upside potential at market rents or upon redevelopment. Listing price improved because existing rents are below market and subject to Los Angeles City Rent Stabilization Ordiance (RSO). Buyer must take the property AS-IS, tenant occupied, subject to tenant rights. No exceptions. Conveniently located near the 10 and 405 freeways, the property provides easy access to DTLA, LAX, employment centers, restaurants, shopping, museums, and Westside beaches. Arlington Heights is a growing community with historic landmarks and beautiful architecture, making it an ideal place for multifamily investment. Don't miss out on this motivated seller and reduced price opportunity! Submit offers subject to interior inspection today!

Last Agent to Sell the Property

Christie Thomas

Coldwell Banker Champion Realty License #01793080 Listed on: 07/16/2024

Coldwell Banker Champion Realty

Last Buyer's Agent

Rose Elena Sauceda

COLDWELL BANKER LEADERS License #01973336

COLDWELL BANKER LEADERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,010

Year Built

  • Built in 1923

Parking

  • 3 Car Garage
  • Driveway

Home Design

  • Duplex
  • Colonial Architecture
  • Flat Roof Shape

Interior Spaces

  • 2,900 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Floor Furnace
  • Heating System Mounted To A Wall or Window

Additional Features

  • Balcony
  • 6,100 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5060-010-022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,010

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Style: Spanish Colonial
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2900
  • Lot Acreage: 0.1400
  • Year Built: 1923
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Laundry: Room
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 310.31

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Roof: Flat

Garage/Parking

  • Garage Spaces: 3
  • Garage Structures: 1
  • Parking Garage: Driveway, Garage
  • Total Parking: 3

Utilities

  • Cooling: Ceiling Fan, Wall Unit(s)
  • Heating: Floor, Wall, Fireplace
  • Security: Carbon Monoxide Detector(s), Smoke Detector

Lot Info

  • Assessed Improvement Percent: 46.67
  • Assessed Improvement Value: 97557
  • Assessed Land Percent: 53.33
  • Assessed Land Value: 111496
  • Total Assessed Value: 209053
  • Assessor Parcel Number: 5060-010-022
  • Lot Size Area: 6100

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2024
Closed on
Sep 18, 2024
Sold by
Jones Family Trust and Jones Welton A
Bought by
Rubio Sylvia
Seller's Agent
Christie Thomas
Coldwell Banker Champion Realty
Buyer's Agent
Rose Elena Sauceda
COLDWELL BANKER LEADERS
List Price
$899,900
Sold Price
$830,000
Premium/Discount to List
-$69,900
-7.77%
Views
47242
Current Estimated Value
$847,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,396
Avg. Annual Appreciation
2.66%
Original Mortgage
$664,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2012
Sold by
Jones Welton A
Bought by
Jones Welton A and The Jones Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2004
Sold by
Jones Welton A and The Jones Family Trust
Bought by
Jones Welton A and The Jones Family Trust

Purchase Details

Closed on
Sep 27, 2002
Sold by
Jones Welton A and Jones Alever
Bought by
Jones Welton A
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 Type Sale Price Title Company
Grant Deed $830,000 Lawyers Title Insurance Compan
Grant Deed $830,000 Lawyers Title Insurance Compan
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Title365
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $664,000 New Conventional
Previous Owner $200,000 New Conventional
Previous Owner $166,000 Unknown
Previous Owner $153,500 Unknown
Previous Owner $163,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2024 11/14/24 Sold $830,000 -7.8% $286 / Sq Ft
09/15/2024 09/15/24 Pending -- -- --
07/16/2024 07/16/24 For Sale $899,900 -- $310 / 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 $3,010 $830,000 $665,000 $165,000
2024 $3,010 $213,233 $113,725 $99,508
2023 $2,963 $209,053 $111,496 $97,557
2022 $2,842 $204,955 $109,310 $95,645
2021 $2,790 $200,937 $107,167 $93,770
2019 $2,715 $194,980 $103,990 $90,990
2018 $2,597 $191,157 $101,951 $89,206
2016 $2,458 $183,736 $97,993 $85,743
2015 $2,425 $180,978 $96,522 $84,456
2014 $2,448 $177,434 $94,632 $82,802
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-414457

The MLS

APN: 5060-010-022