Seller's Agent in 2022
Jason Hong
Team Spirit Realty
(213) 500-7237
2 in this area
20 Total Sales
4035 W 22nd Place Los Angeles, CA 90018
Arlington Heights NeighborhoodEstimated Value: $904,951 - $1,238,000
7
Beds
4
Baths
3,071
Sq Ft
$334/Sq Ft
Est. Value
About This Home
As of February 2022Price Reduced for Quick Sale!!! Located in the prime Mid-Los Angeles Triplex at the Crenshaw Blvd and Washing Blvd area near Hancopark and KoreaTowm and even LA Downtown. First time in a market for sale in 33 years. This 3 Units residential property has two units (Each unit has 2 bedrooms with 1 bathroom) on the first floors and One unit (3 bedrooms with 2 bathrooms) upstairs. All lease contracts of 3 units that had expired years ago and are now in a month-to-month lease. Big potential to raise rental income by making new lease contracts with the existing tenants in the near future.
Enjoying nice and good neighbors and All tenants are good and paying rents on time and a long-term tenants.
Sell this property as "AS-IS Condition", therefore the seller will not repair or upgrade any during the escrow period.
Easy access to FWY 10 & 110/101 and Santa Monica seaside and many amenities facilities like shopping centers, restaurants, and entertains in Korea Town, Mid Wilshire, and LA Downtown.
Last Agent to Sell the Property
Team Spirit Realty License #00863293 Listed on: 09/27/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,142
Year Built
- Built in 1925
Lot Details
- 6,002 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- 3,071 Sq Ft Home
- Property Attached
- Stucco
Parking
- Parking Available
- Paved Parking
- On-Site Parking
Additional Features
- 7 Bedrooms
- Laundry Room
- Exterior Lighting
- Urban Location
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 25
- Tax Tract Number 4149
- Assessor Parcel Number 5060010013
- $491 per year additional tax assessments
Community Details
Overview
- 3 Units
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $150
- Insurance Expense $1,300
- Water Sewer Expense $2,100
- New Taxes Expense $12,000
- Operating Expense $15,550
- Gross Income $49,620
- Net Operating Income $34,070
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 27, 2021
Closed on
Feb 17, 2022
Sold by
Grace Kang
Bought by
Kang Grace and Kang Joseph P
Seller's Agent
Jason Hong
Team Spirit Realty
Buyer's Agent
Jason Hong
Team Spirit Realty
List Price
$1,035,000
Sold Price
$851,000
Premium/Discount to List
-$184,000
-17.78%
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
$173,488
Avg. Annual Appreciation
4.17%
Purchase Details
Listed on
Sep 27, 2021
Closed on
Jan 11, 2022
Sold by
Antonio Fajardo Jose
Bought by
Kang Grace
Seller's Agent
Jason Hong
Team Spirit Realty
Buyer's Agent
Jason Hong
Team Spirit Realty
List Price
$1,035,000
Sold Price
$851,000
Premium/Discount to List
-$184,000
-17.78%
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 |
|---|---|---|---|
| Kang Grace | -- | Accommodation/Courtesy Recordi | |
| Kang Grace | $851,000 | New Title Company Name |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Fajardo Jose Antonio | $474,448 | |
| Previous Owner | Fajardo Jose Antonio | $150,000 | |
| Previous Owner | Fajardo Jose Antonio | $97,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/15/2022 02/15/22 | Sold | $851,000 | -5.3% | $277 / Sq Ft |
| 02/07/2022 02/07/22 | Price Changed | $899,000 | -13.1% | $293 / Sq Ft |
| 01/10/2022 01/10/22 | For Sale | $1,035,000 | +21.6% | $337 / Sq Ft |
| 12/13/2021 12/13/21 | Off Market | $851,000 | -- | -- |
| 12/01/2021 12/01/21 | For Sale | $1,035,000 | +21.6% | $337 / Sq Ft |
| 11/23/2021 11/23/21 | Off Market | $851,000 | -- | -- |
| 10/16/2021 10/16/21 | Price Changed | $1,035,000 | -1.3% | $337 / Sq Ft |
| 09/30/2021 09/30/21 | Price Changed | $1,049,000 | -4.5% | $342 / Sq Ft |
| 09/27/2021 09/27/21 | For Sale | $1,099,000 | -- | $358 / 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 | $11,142 | $903,086 | $542,276 | $360,810 |
| 2024 | $11,142 | $885,380 | $531,644 | $353,736 |
| 2023 | $10,935 | $868,020 | $521,220 | $346,800 |
| 2022 | $3,549 | $259,840 | $88,173 | $171,667 |
| 2021 | $3,489 | $254,746 | $86,445 | $168,301 |
| 2019 | $3,394 | $247,192 | $83,882 | $163,310 |
| 2018 | $3,263 | $242,346 | $82,238 | $160,108 |
| 2016 | $3,094 | $232,938 | $79,046 | $153,892 |
| 2015 | $3,053 | $229,440 | $77,859 | $151,581 |
| 2014 | $3,085 | $224,946 | $76,334 | $148,612 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Hong
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS21212748
APN: 5060-010-013
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