J
Seller's Agent in 2017
Jack Gillespie
Vista Sotheby’s International Realty
4196 2nd Ave Los Angeles, CA 90008
Leimert Park NeighborhoodEstimated Value: $1,113,190 - $1,338,000
6
Beds
4.5
Baths
3,544
Sq Ft
$351/Sq Ft
Est. Value
Highlights
- Lawn
- Neighborhood Views
- Living Room
- No HOA
- Cooling Available
- Laundry Room
About This Home
As of October 2017And the winner is… Leimert Park, Los Angeles CURBED CUP 2016 Neighborhood of the Year!
Come discover a wonderful family home with outstanding income potential in this sought after historic South LA area. This recently updated corner lot Triplex offers 5 bdrm and 2.5 baths in the main home, an expansive enclosed yard and an attached 1 bedroom unit. Additionally, there is a freestanding charming 1 bdrm and 1 bath bungalow on the property. All 3 units have been upgraded w/ newer fixtures, granite counter tops and air conditioning in the front home. The property conveniently surrounds a gated courtyard that provides room for socializing with friends, children and pets to play. The courtyard may also be used for enclosed parking.
This property has many options, as an owner user with income from the detached 1 bdrm bungalow and the adjacent 1 bdrm unit. Or, is an excellent opportunity for the savvy investor looking to purchase a lovely 3-unit property in this outstanding neighborhood.
Leimert Park is a treasure in Los Angeles and rich in historical significance; providing several areas to experience and celebrate art, literature, music and shopping. Tree-lined streets and striking architecture are found in abundance. Centrally located in a wonderful section of Los Angeles with quick access to major freeways and a soon to be completed light rail line. Enjoy the lifestyle of being close to it all…
Postal addresses for the property are: 4196/4198 2nd Ave & 2317 W 42nd St.
Last Agent to Sell the Property
Jack Gillespie
Vista Sotheby’s International Realty License #00426498 Listed on: 08/10/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,997
Year Built
- Built in 1924
Lot Details
- 6,500 Sq Ft Lot
- 1 Common Wall
- Landscaped
- Lawn
- Front Yard
Home Design
- Triplex
Interior Spaces
- 3,544 Sq Ft Home
- Living Room
- Carpet
- Neighborhood Views
- Laundry Room
Bedrooms and Bathrooms
- 6 Main Level Bedrooms
- Dual Vanity Sinks in Primary Bathroom
- Walk-in Shower
Parking
- 4 Open Parking Spaces
- 8 Parking Spaces
- 4 Carport Spaces
Outdoor Features
- Exterior Lighting
Utilities
- Cooling Available
- Forced Air Heating System
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Tax Lot 136
- Tax Tract Number 2195
- Assessor Parcel Number 5022023024
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 22, 2022
Sold by
Sovereign Ventures Inc
Bought by
Rosenkranz Rafael and Rosenkranz Melanie
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Outstanding Balance
$728,533
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$514,765
Purchase Details
Listed on
Aug 10, 2017
Closed on
Sep 13, 2017
Sold by
Biamila Kabeer Gbaja and Gbajabiamila Abdul
Bought by
Sovereign Ventures Inc
Seller's Agent
Jack Gillespie
Vista Sotheby’s International Realty
Buyer's Agent
Richard Ringer
Richard J. Ringer Inc.
List Price
$795,000
Sold Price
$860,000
Premium/Discount to List
$65,000
8.18%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.81%
Purchase Details
Closed on
Sep 12, 2016
Sold by
Gbaja Biamila Kabeer and Estate Of Bolatito Anjorin
Bought by
Biamila Kabeer Gbaja and Gbajabiamila Abdul
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 |
|---|---|---|---|
| Rosenkranz Rafael | $1,100,000 | Provident Title | |
| Sovereign Ventures Inc | $829,000 | Provident Title | |
| Biamila Kabeer Gbaja | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rosenkranz Rafael | $770,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/05/2017 10/05/17 | Sold | $860,000 | 0.0% | $243 / Sq Ft |
| 08/21/2017 08/21/17 | Pending | -- | -- | -- |
| 08/19/2017 08/19/17 | Off Market | $860,000 | -- | -- |
| 08/10/2017 08/10/17 | For Sale | $795,000 | -- | $224 / 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 | $13,997 | $1,144,440 | $936,360 | $208,080 |
| 2024 | $13,997 | $1,122,000 | $918,000 | $204,000 |
| 2023 | $13,734 | $1,100,000 | $900,000 | $200,000 |
| 2022 | $10,894 | $888,586 | $643,321 | $245,265 |
| 2021 | $10,747 | $871,163 | $630,707 | $240,456 |
| 2020 | $10,853 | $862,231 | $624,240 | $237,991 |
| 2019 | $10,432 | $845,325 | $612,000 | $233,325 |
| 2018 | $10,316 | $828,750 | $600,000 | $228,750 |
| 2016 | $2,423 | $173,682 | $54,075 | $119,607 |
| 2015 | $2,392 | $171,074 | $53,263 | $117,811 |
| 2014 | $2,423 | $167,724 | $52,220 | $115,504 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2017
Barry Host
Vista Sotheby’s International Realty
(310) 938-1613
34 Total Sales
-
R
Buyer's Agent in 2017
Richard Ringer
Richard J. Ringer Inc.
(310) 666-3085
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB17176287
APN: 5022-023-024
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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