NOT LISTED FOR SALE

439 E 29th St Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $754,000 - $1,925,000

6 Beds
4 Baths
2,240 Sq Ft
$535/Sq Ft Est. Value

Last Sold October 30, 2018

Last sale price $605,000 $270 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $6,978/month

19 Days on Market

About This Home

As of October 2018

***REO Property*** Triplex with 2 vacant units! Rare opportunity in rent control L.A.! Rent in occupied 3-bdrm unit is $1700. County records indicate property is a quadruplex however there are only 3 units. Seller and/or seller's agent makes no representation regarding units, conversions, permits, square footage, etc. Buyer to investigate and satisfy self. Seller will not complete any repairs to the subject property, either lender or buyer requested. The property is sold in AS IS condition.

Last Agent to Sell the Property

Ron Cooper

R.S. Cooper & Assocs Realty License #00655385 Listed on: 07/17/2018

Last Buyer's Agent

Andrew Lauter

Davenport Properties License #01924296

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,363

Year Built

  • Built in 1941

Lot Details

  • 6,238

Home Design

  • Triplex

Interior Spaces

  • 2,240 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 1 Car Garage
  • Driveway

Additional Features

  • 6,238 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5128-008-024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,363

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: ***REO Property*** Triplex with 2 vacant units! Rare opportunity in rent control L.A.! Rent in occupied 3-bdrm unit is $1700. County records indicate property is a quadruplex however there are only 3 units. Seller and/or seller's agent makes no representation regarding units, conversions, permits, square footage, etc. Buyer to investigate and satisfy self. Seller will not complete any repairs to the subject property, either lender or buyer requested. The property is sold in AS IS condition.
  • Living Area: 2240
  • Stories: 2
  • Year Built: 1941
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 257.99

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway, Garage - 1 Car
  • Total Parking: 1

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 202200
  • Assessed Land Value: 277800
  • Assessor Parcel Number: 5128-008-024
  • Geocode Override: No
  • Lot Size Area: 6238

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: 66%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2018
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Silverstein Adam and Silverstein Aron
Current Estimated Value
$1,197,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2017
Sold by
Shin Jae Kyung and Shin Grace
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 22, 2005
Sold by
Shin Grace
Bought by
Shin Jae Kyung and Shin Grace

Purchase Details

Closed on
Jul 20, 2005
Sold by
Shin Jae Kyung
Bought by
Shin Grace

Purchase Details

Closed on
Mar 24, 2005
Sold by
So Young S
Bought by
Shin Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,500
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 3, 2004
Sold by
So Eun Ok
Bought by
So Young S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
1.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2004
Sold by
Hammerson Capital Inc
Bought by
So Young S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
1.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2004
Sold by
Merlino Phillip Michael
Bought by
Hammerson Capital Inc
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
Silverstein Adam $605,000 Servicelink
Federal Home Loan Mortgage Corporation $517,490 Title 365
Shin Jae Kyung -- Chicago Title Company
Shin Grace -- Chicago Title
Shin Grace $620,000 --
So Young S -- Lawyers Title
So Young S $421,500 Lawyers Title
Hammerson Capital Inc $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Silverstein Adam $476,000
Previous Owner Shin Grace $430,500
Previous Owner So Young S $316,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2018 10/30/18 Sold $605,000 +4.7% $270 / Sq Ft
08/05/2018 08/05/18 Pending -- -- --
07/17/2018 07/17/18 For Sale $577,900 -- $258 / 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 $8,363 $674,883 $390,429 $284,454
2024 $8,363 $661,651 $382,774 $278,877
2023 $8,205 $648,678 $375,269 $273,409
2022 $7,831 $635,960 $367,911 $268,049
2021 $7,729 $623,492 $360,698 $262,794
2020 $7,804 $617,100 $357,000 $260,100
2019 $7,502 $605,000 $350,000 $255,000
2018 $7,378 $587,520 $306,000 $281,520
2016 $5,749 $456,000 $263,900 $192,100
2015 $5,464 $432,000 $250,000 $182,000
2014 $4,878 $372,000 $250,000 $122,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Ron Cooper

    R.S. Cooper & Assocs Realty

    (323) 290-4040

    13 Total Sales

    Ron Cooper
    Section Image

  • A

    Buyer's Agent in 2018

    Andrew Lauter

    Davenport Properties

  • K

    Buyer's Agent in 2018

    Kammie Nguyen

See All Agents

Map

Source: The MLS

MLS Number: 18-366542

The MLS

APN: 5128-008-024

California Los Angeles County Los Angeles 90011 Historic South Central

439 E 29th St, Los Angeles, CA

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