NOT LISTED FOR SALE

Estimated Value: $921,000 - $1,745,667

10 Beds
8 Baths
3,998 Sq Ft
$317/Sq Ft Est. Value

Last Sold January 18, 2023

Last sale price $1,120,000 $280 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $8,122/month

14 Days on Market

Highlights

  • Contemporary Architecture
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of January 2023

In high demand USC HUB, this trendy complex delivers 3 large units, all of which were fully remodeled and reconfigured the layout for the duplex to increase bedroom and bathroom count. All work was done with city agency permits, including the final certificate of occupancy for the newly built detached ADU. The property is an attached duplex & a detached ADU. Parking is not an issue, there is enough open space for the Occupant's convenience of not having to share parking accessibility. The combined SQFT of the entire property is now a 10 bed, 8 bath totaling 3998 SQFT. Unit 4025 is a 3 bed, 3 bath at approximately 1400 SQFT and currently leased at $3,000- Unit 4027 is a 4 bed, 3 bath with a deck at approximately 1750 SQFT currently leased at $3595. Unit 4027 1/2 (ADU) is a 3 bed, 2 bath at approximately 826 SQFT currently leased at $2,500. Recent upgrades from 2021: rewiring throughout all new units, upgraded electrical meter and panel for 3 units, new drywall throughout, new flooring throughout, new copper/pex plumbing throughout all units, supply and drainage, new recessed lighting in living spaces, new finish fixtures for plumbing, electrical, etc., new tubs, tile, showers, vanities, toilets, new vinyl windows throughout entire 3 units, new flooring, baseboards, moldings, new paint interior and exterior, new water mainline upgraded to copper, installed new water heaters for 3 units, tankless for the ADU, new kitchen cabinets & granite countertops. Plus, a legalized deck that offers a serene outdoor living space. Do not miss out on this opportunity-this property is perfect for an owner-user or income seeker in one of LA's trendiest neighborhoods. You will gain instant sustainable rental income-we welcome your 1031 exchange transaction. Commuters enjoy close proximity to USC Village with Trader Joe's & Target as the main Tenants for all your shopping needs, Metro Expo Lines, Lucas Museum (currently under construction), West Adams restaurants and coffee shops, and DTLA LA LIVE. This is the one-call today!

Last Agent to Sell the Property

Xio Sandoval

CENTURY 21 REALTY MASTERS License #01308913 Listed on: 11/23/2022

CENTURY 21 REALTY MASTERS

Last Buyer's Agent

Xio Sandoval

CENTURY 21 REALTY MASTERS License #01308913 Listed on: 11/23/2022

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,234

Year Built

  • Built in 1914 | Remodeled

Lot Details

  • 6,700 Sq Ft Lot
  • No Common Walls

Home Design

  • 3,998 Sq Ft Home
  • Triplex
  • Contemporary Architecture

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Private Water Source

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 144
  • Tax Tract Number 1234
  • Assessor Parcel Number 5021003006
  • $432 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,700
  • Trash Expense $900
  • New Taxes Expense $12,499
  • Operating Expense $15,099
  • Net Operating Income $92,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,234

Year Built

Built in 1914 | Remodeled

Lot Details

0

Listing Details

  • Price Per Unit: 333329
  • Property Attached: No
  • Zoning: LAR2
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5021003006
  • Year Built: 1914
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 280.14

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6700.00
  • Lot Size Acres: 0.1538

Multi Family

  • Gross Scheduled Income: 107940.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 6700.0000 Square Feet
  • Net Operating Income: 92840.02
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 15099.80
  • Rent Control: Yes
  • Total Expenses: 15099.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 12499.00
  • Tax Census Tract: 2316.01
  • Tax Lot: 144
  • Tax Tract Number: 1234
  • TaxOtherAnnualAssessmentAmount: 432.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2022
Closed on
Jan 11, 2023
Sold by
Red Vault Investments Llc
Bought by
Abdullah Robert
Seller's Agent
Xio Sandoval
CENTURY 21 REALTY MASTERS
Buyer's Agent
Xio Sandoval
CENTURY 21 REALTY MASTERS
List Price
$999,988
Sold Price
$1,120,000
Premium/Discount to List
$120,012
12%
Views
9
Current Estimated Value
$1,266,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,917
Avg. Annual Appreciation
5.51%

Purchase Details

Closed on
Oct 19, 2021
Sold by
Tham Edward Wai Kenng
Bought by
Red Vault Investments Llc

Purchase Details

Closed on
May 17, 2021
Sold by
Home Capital America Llc
Bought by
Tham Edward Wai Keung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$728,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2021
Sold by
Milkhouse Investors Llc
Bought by
Home Capital America Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$728,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 12, 2019
Closed on
Dec 3, 2019
Sold by
Aguilar Adolfo and Aguilar Claudia
Bought by
Milkhouse Investors Llc
Seller's Agent
Carmen Avila
Coldwell Banker Spectrum
Buyer's Agent
Rose Garcia
The Core Agency
List Price
$697,000
Sold Price
$670,000
Premium/Discount to List
-$27,000
-3.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.18%
Original Mortgage
$645,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 2005
Sold by
Dhamasuriya Jay and Jay Dharmasuriya Living Trust
Bought by
Aguilar Adolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,550
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2004
Sold by
Zaman Asifa
Bought by
Dharmasuriya Jay and Jay Dharmasuriya Living Trust

Purchase Details

Closed on
Sep 29, 2003
Sold by
Zaman Mian
Bought by
Zaman Asifa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,574
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2003
Sold by
Sarra James A and Estate Of Edward Watkins
Bought by
Zaman Asifa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,574
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Abdullah Robert $1,120,000 Wfg National Title
Red Vault Investments Llc -- Accommodation
Tham Edward Wai Keung $910,000 Provident Title Company
Home Capital America Llc $910,000 Provident Title Company
Milkhouse Investors Llc $670,000 Provident Title Company
Aguilar Adolfo $450,000 Lawyers Title
Dharmasuriya Jay -- First American Title Co Los
Zaman Asifa -- First American Title Co
Zaman Asifa $254,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tham Edward Wai Keung $728,000
Previous Owner Home Capital America Llc $637,000
Previous Owner Milkhouse Investors Llc $645,000
Previous Owner Aguilar Adolfo $413,000
Previous Owner Aguilar Adolfo $324,875
Previous Owner Aguilar Adolfo $359,550
Previous Owner Zaman Asifa $228,574
Closed Aguilar Adolfo $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2023 01/18/23 Sold $1,120,000 +12.0% $280 / Sq Ft
12/07/2022 12/07/22 Pending -- -- --
11/23/2022 11/23/22 For Sale $999,988 +49.3% $250 / Sq Ft
12/13/2019 12/13/19 Sold $670,000 -3.9% $244 / Sq Ft
11/12/2019 11/12/19 For Sale $697,000 -- $254 / 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 $14,234 $1,165,248 $832,320 $332,928
2024 $14,234 $1,142,400 $816,000 $326,400
2023 $11,591 $928,200 $765,000 $163,200
2022 $11,062 $910,000 $650,000 $260,000
2021 $8,388 $676,940 $545,594 $131,346
2020 $8,470 $670,000 $540,000 $130,000
2019 $7,211 $577,516 $312,386 $265,130
2018 $7,080 $566,193 $306,261 $259,932
2016 $6,753 $544,209 $294,369 $249,840
2015 $6,657 $536,036 $289,948 $246,088
2014 $5,891 $460,000 $275,000 $185,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB22246448

California Regional Multiple Listing Service (CRMLS)

APN: 5021-003-006