Seller's Agent in 2019
Mark Fong
Golden Mountain Realty
(626) 862-8454
7 Total Sales
4422 Wesley Ave Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated Value: $784,174 - $953,000
4
Beds
4
Baths
3,736
Sq Ft
$238/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Laundry Room
- Level Lot
About This Home
As of December 2019Price Reduced! Outstanding investment opportunity. 4-PLEX building near LA Memorial Coliseum and the USC corridor. Four large one bedroom units, each is over 900 sqft. All units have separate kitchen, dining and living areas These large units give an investor the opportunity to recreate floorplans. Over $90K invested to update and improve entire building. Kitchens and bathrooms have been updated and repaired. There is new flooring, doors and windows. New railing around balconies and porch. The porch entry was completely refinished. Staircase in rear remodeled and repaired. New wrought iron fence installed around the perimeter of the property. Entire building tastefully and professionally painted. One unit has washer/dryer hookups, however not in use. Walking distance to the LA Coliseum, the new LAFC Stadium and USC. Close to DTLA, public transportation, freeways, restaurants and stores. Priced to sell, Do not miss this opportunity. Please do not disturb tenants.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 3,765 Sq Ft Lot
- 1 Common Wall
- Level Lot
Home Design
- 3,736 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Additional Features
- Laundry Room
- Property is near public transit
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 59
- Tax Tract Number 2321
- Assessor Parcel Number 5018001009
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,300
- Pest Control $720
- Water Sewer Expense $2,652
- New Taxes Expense $9,000
- Operating Expense $13,672
- Net Operating Income $36,728
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 17, 2019
Sold by
Blanco Ruth A and Ruth Anna Blauco 2005 Living T
Bought by
Fong Mark E and Fong Carolyn Ruth Miya
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
$468,750
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 30, 2006
Sold by
Chew Ruth Anna
Bought by
Blanco Ruth Anna Chew and The Ruth Anna Blanco 2005 Living Trust
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 |
|---|---|---|---|
| Fong Mark E | $625,000 | Lawyers Title Company | |
| Blanco Ruth Anna Chew | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Fong Mark E | $468,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/18/2019 12/18/19 | Sold | $625,000 | 0.0% | $167 / Sq Ft |
| 07/28/2019 07/28/19 | Off Market | $625,000 | -- | -- |
| 07/28/2019 07/28/19 | For Sale | $725,000 | +16.0% | $194 / Sq Ft |
| 07/27/2019 07/27/19 | Off Market | $625,000 | -- | -- |
| 06/25/2019 06/25/19 | Price Changed | $725,000 | -3.3% | $194 / Sq Ft |
| 04/10/2019 04/10/19 | Price Changed | $750,000 | -3.2% | $201 / Sq Ft |
| 02/13/2019 02/13/19 | For Sale | $775,000 | -- | $207 / 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 | $8,536 | $683,523 | $546,820 | $136,703 |
| 2024 | $8,536 | $670,122 | $536,099 | $134,023 |
| 2023 | $8,380 | $656,984 | $525,588 | $131,396 |
| 2022 | $8,004 | $644,103 | $515,283 | $128,820 |
| 2021 | $7,887 | $631,475 | $505,180 | $126,295 |
| 2019 | $889 | $36,428 | $14,258 | $22,170 |
| 2018 | $814 | $35,715 | $13,979 | $21,736 |
| 2016 | $741 | $34,330 | $13,437 | $20,893 |
| 2015 | $735 | $33,816 | $13,236 | $20,580 |
| 2014 | $767 | $33,154 | $12,977 | $20,177 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Fong
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR19032518
APN: 5018-001-009
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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