Seller's Agent in 2015
Daniel Ross
Pinnacle Estate Properties
(818) 497-7941
92 Total Sales
4022 Council St Los Angeles, CA 90004
Koreatown NeighborhoodEstimated Value: $856,000 - $1,476,000
6
Beds
3
Baths
1,960
Sq Ft
$653/Sq Ft
Est. Value
Highlights
- Craftsman Architecture
- Wood Flooring
- Granite Countertops
- Property is near public transit
- Corner Lot
- Lawn
About This Home
As of February 2015Three Separate Houses all 2 Bedroom / One Bath!! Great Value!!! In the Wilshire Center - Korea Town Neighborhood Council Area! Three detached adorable houses on one lot! Great for owner occupied multiple families! Two of the three units are vacant so a new buyer can choose to move in or find their own tenant. The addresses are 4022 Council St, 4026 Council St and 183 N. Alexandria Ave. Great corner location! A great deal of money has been spent on improvements, including central refrigerated A/C and forced air heat in all three homes! Hardwood floors! Granite or Tile counters! gas range! Washer and Dryer included and located inside of each unit! The bathrooms have either retro tile or contemporary modern! Small private yards! The entire property is gated! The home on Alexandria has driveway parking for two cars, and 4026 Council has tandem parking for two cars. Automatic sprinklers keep the lush landscaping green! Two of the houses have remolded kitchens with stainless appliances, new cabinets and granite counters. They all have tankless hot water heaters, copper plumbing and updates electrical. Original wood floors throughout with tile bathrooms. Opportunity also exists for redevelopment!
Last Agent to Sell the Property
Pinnacle Estate Properties License #00935073 Listed on: 12/12/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,364
Year Built
- Built in 1901
Lot Details
- 5,012 Sq Ft Lot
- No Common Walls
- Wrought Iron Fence
- Landscaped
- Corner Lot
- Rectangular Lot
- Paved or Partially Paved Lot
- Sprinkler System
- Lawn
- Garden
- Front Yard
- Density is up to 1 Unit/Acre
Home Design
- Craftsman Architecture
- Bungalow
- Composition Roof
Interior Spaces
- 1,960 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Living Room
Kitchen
- Gas Range
- Freezer
- Dishwasher
- Granite Countertops
- Ceramic Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
Parking
- 4 Parking Spaces
- Parking Available
- Driveway
- Uncovered Parking
- Assigned Parking
Location
- Property is near public transit
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 1
- Assessor Parcel Number 5518010001
Community Details
Overview
- 3 Buildings
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 1 Leased Unit
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,920
- Insurance Expense $2,130
- Maintenance Expense $1,500
- Trash Expense $1,500
- Water Sewer Expense $5,000
- New Taxes Expense $9,987
- Gross Income $5,450
- Net Operating Income $53,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 12, 2014
Closed on
Dec 19, 2014
Sold by
Savin George J and Bursk Bonnie Marie
Bought by
Szpakowski Jean Luc and Polanski Eva Gloria
Seller's Agent
Daniel Ross
Pinnacle Estate Properties
List Price
$799,000
Sold Price
$779,200
Premium/Discount to List
-$19,800
-2.48%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$499,987
Avg. Annual Appreciation
4.71%
Original Mortgage
$350,500
Interest Rate
3.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 1, 2011
Sold by
Savin George J and Bursk Bonnie Marie
Bought by
Savin George J and Bursk Bonnie Marie
Purchase Details
Closed on
May 18, 2006
Sold by
Rose Stephen R
Bought by
Savin George J and Bursk Bonnie Marie
Purchase Details
Closed on
Dec 2, 2003
Sold by
Werbin Leonard and Werbin Nancy
Bought by
Ideal Properties Iv Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 7, 2003
Sold by
Alexandria Place Ltd
Bought by
Werbin Leonard and Werbin Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.83%
Mortgage Type
Balloon
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Szpakowski Jean Luc | $779,500 | Priority Title | |
| Savin George J | -- | None Available | |
| Savin George J | $865,000 | United Title Company | |
| Ideal Properties Iv Llc | -- | Fidelity National Title | |
| Ross Stephen R | $399,000 | Fidelity National Title | |
| Werbin Leonard | -- | Commerce Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Szpakowski Jean Luc | $350,500 | |
| Previous Owner | Ross Stephen R | $319,200 | |
| Previous Owner | Werbin Leonard | $280,000 | |
| Closed | Werbin Leonard | $35,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/13/2015 02/13/15 | Sold | $779,200 | -2.5% | $398 / Sq Ft |
| 12/16/2014 12/16/14 | Pending | -- | -- | -- |
| 12/12/2014 12/12/14 | For Sale | $799,000 | -- | $408 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $11,364 | $936,470 | $655,532 | $280,938 |
| 2024 | $11,364 | $918,109 | $642,679 | $275,430 |
| 2023 | $11,150 | $900,108 | $630,078 | $270,030 |
| 2022 | $10,638 | $882,460 | $617,724 | $264,736 |
| 2021 | $10,502 | $865,158 | $605,612 | $259,546 |
| 2020 | $10,608 | $856,288 | $599,403 | $256,885 |
| 2019 | $10,190 | $839,499 | $587,650 | $251,849 |
| 2018 | $10,134 | $823,039 | $576,128 | $246,911 |
| 2016 | $9,690 | $791,081 | $553,757 | $237,324 |
| 2015 | $9,022 | $735,000 | $635,000 | $100,000 |
| 2014 | $9,243 | $735,000 | $635,000 | $100,000 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Ross
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR14257323
APN: 5518-010-001
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