NOT LISTED FOR SALE

425 S Union Ave Los Angeles, CA 90017

Westlake Neighborhood

Estimated Value: $1,501,000 - $2,074,000

5 Beds
5 Baths
3,480 Sq Ft
$537/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $1,450,000 $417 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $11,616/month

503 Days on Market

About This Home

As of December 2020

We are proud to present this value add opportunity in Koreatown. The 4 unit building sits on a larger than averaged sized LAR4 zoned lot and is located east of Alvarado and south of 3rd street. A developer has the ability to build 33 apartments, which breaks down to $50,000 per build-able unit and $181 per square foot on land. A new Buyer may be able to obtain favorable financing options.

Last Agent to Sell the Property

David Kaufman

David Ballin Kaufman License #01217537 Listed on: 06/19/2019

Last Buyer's Agent

Leila Raeen

Leila Raeen License #01870066

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,480

Year Built

  • Built in 1921

Lot Details

  • 9,140 Sq Ft Lot

Interior Spaces

  • 3,480 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 4 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5153-003-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,480

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3480
  • Stories: 1
  • Year Built: 1921
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 5.00
  • Equipment: Refrigerator
  • Price Per S Q F T: 459.77

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 4

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 469200
  • Assessed Land Value: 703800
  • Assessor Parcel Number: 5153-003-011
  • Geocode Override: No
  • Lot Size Area: 9140

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Apartment
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2019
Closed on
Dec 14, 2020
Sold by
425 Union Development Llc
Bought by
Raeen Bahram and Raeen Helen Baravarian
Seller's Agent
David Kaufman
David Ballin Kaufman
Buyer's Agent
Leila Raeen
Leila Raeen
List Price
$1,650,000
Sold Price
$1,450,000
Premium/Discount to List
-$200,000
-12.12%
Current Estimated Value
$1,825,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,028
Avg. Annual Appreciation
5.60%
Original Mortgage
$1,015,000
Outstanding Balance
$89,908
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,778,511

Purchase Details

Closed on
May 11, 2016
Sold by
The Great Vision Church
Bought by
2669 San Marino Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2015
Sold by
Kang Julie
Bought by
The Great Vision Church

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
3.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 6, 2013
Closed on
Jun 11, 2013
Sold by
Hong Joyce S
Bought by
Kang Julie and Lee Sue Hwa
Seller's Agent
Kenneth Hong
Action Real Estate
Buyer's Agent
Christine Oam
Action Real Estate
List Price
$599,000
Sold Price
$596,000
Premium/Discount to List
-$3,000
-0.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.85%
Original Mortgage
$357,600
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 6, 2013
Closed on
Jun 7, 2013
Sold by
Kang Tony
Bought by
Kang Julie
Seller's Agent
Kenneth Hong
Action Real Estate
Buyer's Agent
Christine Oam
Action Real Estate
List Price
$599,000
Sold Price
$596,000
Premium/Discount to List
-$3,000
-0.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,600
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2011
Sold by
Sim Clara Inwon
Bought by
Hong Joyce S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2009
Sold by
Sim Raymond J
Bought by
Sim Clara Inwon

Purchase Details

Closed on
Apr 2, 2009
Sold by
Sim Clara Inwon and The Clara Inwon Sim Trust
Bought by
Sim Raymond J

Purchase Details

Closed on
Jul 17, 2007
Sold by
Sim In Won
Bought by
Sim Clara Inwon and The Clara Inwon Sim Trust

Purchase Details

Closed on
Jan 17, 2005
Sold by
Col Development Llc
Bought by
Sim In Won

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2004
Sold by
Oh Yoo Kyung
Bought by
Col Development Llc

Purchase Details

Closed on
Apr 23, 2004
Sold by
Raad Paul and Raad Monica
Bought by
Oh Yoo Kyung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
5.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2004
Sold by
Oh In Sun
Bought by
Oh Yoo Kyung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
5.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2003
Sold by
Lee Raymond
Bought by
Lee May Ling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2003
Sold by
Lau Game H and Lee May Ling
Bought by
Raad Paul and Raad Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2003
Sold by
Lau Lai Lin
Bought by
Lau Game H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 1996
Sold by
Lau Game H and Lau Family Trust
Bought by
Lau Game H and Lee May Ling
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 Buyer Sale Price Title Company
Raeen Bahram $1,450,000 Chicago Title
2669 San Marino Llc $1,150,000 Chicago Title Company
The Great Vision Church $830,000 Chicago Title Company
Kang Julie $596,000 None Available
Kang Julie -- None Available
Hong Joyce S $350,000 Lawyers Title
Sim Clara Inwon -- None Available
Sim Raymond J -- None Available
Sim Clara Inwon -- None Available
Sim In Won $510,000 Stewart Title Company
Col Development Llc -- First American Title Co Los
Oh Yoo Kyung -- Lawyers Title Company
Oh Yoo Kyung -- Lawyers Title Company
Lee May Ling -- Lawyers Title Company
Raad Paul $205,000 Lawyers Title Company
Lau Anthony -- Lawyers Title Company
Lau Game H -- Lawyers Title Company
Lau Lippen -- Lawyers Title Company
Lau Game H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raeen Bahram $1,015,000
Previous Owner 2669 San Marino Llc $630,000
Previous Owner The Great Vision Church $530,000
Previous Owner Kang Julie $357,600
Previous Owner Hong Joyce S $262,500
Previous Owner Sim In Won $553,000
Previous Owner Sim In Won $79,000
Previous Owner Sim In Won $408,000
Previous Owner Sim In Won $408,000
Previous Owner Oh Yoo Kyung $234,000
Previous Owner Oh Yoo Kyung $234,000
Previous Owner Raad Paul $153,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $1,450,000 -9.4% $417 / Sq Ft
11/03/2020 11/03/20 Pending -- -- --
11/26/2019 11/26/19 Price Changed $1,600,000 -3.0% $460 / Sq Ft
06/19/2019 06/19/19 For Sale $1,650,000 +176.8% $474 / Sq Ft
06/17/2013 06/17/13 Sold $596,000 -0.5% $171 / Sq Ft
05/08/2013 05/08/13 Pending -- -- --
05/06/2013 05/06/13 For Sale $599,000 -- $172 / 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 $19,480 $1,569,525 $1,028,309 $541,216
2024 $19,480 $1,538,751 $1,008,147 $530,604
2023 $19,118 $1,508,580 $988,380 $520,200
2022 $18,259 $1,479,000 $969,000 $510,000
2021 $18,032 $1,450,000 $950,000 $500,000
2020 $15,927 $1,244,795 $746,877 $497,918
2019 $15,319 $1,220,388 $732,233 $488,155
2018 $15,143 $1,196,460 $717,876 $478,584
2016 $10,778 $842,657 $659,912 $182,745
2015 $8,014 $610,666 $307,383 $303,283
2014 -- $598,705 $301,362 $297,343
Source: Public Records

Agents Affiliated with this Home

  • David Kaufman

    Seller's Agent in 2020

    David Kaufman

    David Ballin Kaufman

    (818) 464-3211

    2 in this area

    37 Total Sales

    Section Image

  • L

    Buyer's Agent in 2020

    Leila Raeen

    Leila Raeen

    Section Image

  • K

    Seller's Agent in 2013

    Kenneth Hong

    Action Real Estate

    (213) 268-3539

    Section Image

  • C

    Buyer's Agent in 2013

    Christine Oam

    Action Real Estate

    (213) 500-1567

    9 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 19-472280

The MLS

APN: 5153-003-011

California Los Angeles County Los Angeles 90017 Westlake

425 S Union Ave, Los Angeles, CA

This home is located at 425 S Union Ave, Los Angeles, CA 90017 since 19 June 2019 and is currently estimated at $1,868,419, approximately $536 per square foot. This property was built in 1921. 425 S Union Ave is a home located in Los Angeles County with nearby schools including Union Avenue Elementary, John H. Liechty Middle School, and Belmont High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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