NOT LISTED FOR SALE

Estimated Value: $746,574 - $1,051,000

6 Beds
3 Baths
2,441 Sq Ft
$370/Sq Ft Est. Value

Last Sold July 27, 2018

Last sale price $585,000 $240 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,394/month

94 Days on Market

Highlights

  • Wooded Lot
  • Laundry Room
  • 1-Story Property
  • No HOA
  • Garden

About This Home

As of July 2018

AMAZING WELL KEPT craftsman style TRIPLEX! Unit #1 is 3 bed & 1 bath, Unit #2 is 2 bed & 1 bath, & Unit #3 is 1 bed & 1 bath! Perfect starter income property that sits minutes away from Downtown Los Angeles & offers access to all of the major freeways. The property offers enough parking to suit each tenants needs, fitting up to 5 cars in the driveway alone. Each unit has its own electricity & gas meter and the property is surrounded by fruit trees that help create more privacy. The property is also a great investment opportunity as many people are buying and flipping in the area due to the much awaited South of 10 Project (a project set forth by the City of Los Angeles to revitalized the Southside)! This property is minutes away from some of Los Angeles' greatest attractions Staples Center, USC, Arts District, Little Tokyo, Exposition Park, Union Station, Natural History Museum, and California Science Museum;also, let's not forget the in the works projects like, the Los Angeles Football Club Stadium & George Lucas Museum of Narrative Art. Watch South LA change before your eyes and GET IN/INVEST HERE EARLY BEFORE IT'S TOO LATE!!!!

Last Agent to Sell the Property

Aaron Mejia

Christie's Int. R.E. SoCal License #01896881 Listed on: 03/16/2018

Christie's Int. R.E. SoCal

Last Buyer's Agent

Joseph Choi

Pacific Investment Group License #01243226

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,049

Year Built

  • Built in 1902

Lot Details

  • 6,240 Sq Ft Lot
  • No Common Walls
  • Wooded Lot
  • Garden
  • Front Yard

Home Design

  • Triplex

Interior Spaces

  • 2,441 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Driveway

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 2267
  • Assessor Parcel Number 5128009019

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,049

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LARD1.5
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5128009019
  • Year Built: 1902
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 239.66

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Treed Lot
  • Lot Size Sq Ft: 6240.00

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Lot: 17
  • Tax Tract Number: 2267.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2018
Closed on
Sep 14, 2018
Sold by
Choi Joseph
Bought by
Choi Joseph and The Joseph Choi Living Trust
Seller's Agent
Aaron Mejia
Christie's Int. R.E. SoCal
Buyer's Agent
Joseph Choi
Pacific Investment Group
List Price
$615,000
Sold Price
$585,000
Premium/Discount to List
-$30,000
-4.88%
Current Estimated Value
$902,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,394
Avg. Annual Appreciation
6.15%
Original Mortgage
$390,000
Outstanding Balance
$338,741
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$563,653

Purchase Details

Listed on
Mar 16, 2018
Closed on
Jul 20, 2018
Sold by
Padilla Samuel E and Padilla Ana M
Bought by
Choi Joseph
Seller's Agent
Aaron Mejia
Christie's Int. R.E. SoCal
Buyer's Agent
Joseph Choi
Pacific Investment Group
List Price
$615,000
Sold Price
$585,000
Premium/Discount to List
-$30,000
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Outstanding Balance
$338,741
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$563,653

Purchase Details

Closed on
Aug 2, 1993
Sold by
Padilla Samuel E and Padilla Ana M
Bought by
Padilla Samuel E and Padilla Ana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
7.34%

Purchase Details

Closed on
Jul 17, 1993
Sold by
Campos Francisco E
Bought by
Padilla Samuel E and Padilla Ana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
7.34%
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
Choi Joseph -- None Available
Choi Joseph $585,000 Lawyers Title
Padilla Samuel E -- --
Padilla Samuel E -- Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choi Joseph $390,000
Previous Owner Padilla Samuel E $102,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2018 07/27/18 Sold $585,000 -4.9% $240 / Sq Ft
06/18/2018 06/18/18 Pending -- -- --
03/16/2018 03/16/18 For Sale $615,000 -- $252 / 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 $8,049 $652,573 $456,244 $196,329
2024 $8,049 $639,779 $447,299 $192,480
2023 $7,897 $627,235 $438,529 $188,706
2022 $7,536 $614,937 $429,931 $185,006
2021 $7,432 $602,880 $421,501 $181,379
2020 $7,502 $596,700 $417,180 $179,520
2019 $7,213 $585,000 $409,000 $176,000
2018 $3,150 $235,483 $139,107 $96,376
2017 $3,084 $230,867 $136,380 $94,487
2016 $2,990 $226,341 $133,706 $92,635
2015 $2,950 $222,942 $131,698 $91,244
2014 $2,980 $218,576 $129,119 $89,457
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18061795

California Regional Multiple Listing Service (CRMLS)

APN: 5128-009-019