NOT LISTED FOR SALE

4515 Hooper Ave Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $902,000

6 Beds
6 Baths
3,582 Sq Ft
$252/Sq Ft Est. Value

Sale Details

Date Sold: March 10, 2020

Last sale price $926,647 $259 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,649 / mo

104 Days on Market

About This Home

As of March 2020

The Subject property is a part of a 5-property portfolio, which is a true value-add investment opportunity located throughout Los Angeles totaling 24 units; the properties are located among South Park and South Los Angeles neighborhoods. The subject properties present an impressive unit mix throughout consisting of 22 one-bedrooms and 2 two-bedrooms; the majority of the units are currently at below market rents offering an investor a true value-add opportunity and the chance to increase cash flow dramatically through renovations. The portfolio is being offered at a low price per unit of $150,417 blended; significant loss-to-lease of over 43%. With current rents below market and the subject properties being just 4-6 units, unit turnover and the achievement of market rents over time will dramatically increase the income and value of each property on an individual basis.* This offering can be purchased individually or collectively

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 10/22/2019

Last Buyer's Agent

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 10/22/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 6,582 Sq Ft Lot

Interior Spaces

  • 3,582 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5107-007-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

6,582 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3582
  • Price Per Unit: 133333.00
  • Stories: 1
  • Year Built: 1927
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 223.34

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 5
  • Parking Garage: Uncovered
  • Total Parking: 5

Lot Info

  • Assessor Parcel Number: 5107-007-024
  • Geocode Override: No
  • Lot Size Area: 6582

Rental Info

  • Total Actual Rent: 4392.00

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 15.06
  • Number Of Units: 6
  • Type Of Units: Apartment

Tax Info

  • Tax Percent: 1.17
  • Tax Rate Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2019
Closed on
Feb 25, 2020
Sold by
Bought by
Seller's Agent
Neema Ahadian
Marcus & Millichap
Buyer's Agent
Neema Ahadian
Marcus & Millichap
List Price
$800,000
Sold Price
$926,647
Premium/Discount to List
$126,647
15.83%
Current Estimated Value
$902,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,647
Avg. Annual Appreciation
-0.43%

Purchase Details

Closed on
Jun 13, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,750
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,500
Interest Rate
6.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 15, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
5.54%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2001
Sold by
Bought by

Purchase Details

Closed on
May 1, 1995
Sold by
Bought by

Purchase Details

Closed on
Nov 24, 1993
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,250,000 Provident Title
$617,000 Fidelity National Title Co
$295,000 Commonwealth Land Title Co
-- Fidelity
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $444,750
Previous Owner $124,500
Previous Owner $170,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/10/2020 03/10/20 Sold $926,647 +15.8% $259 / Sq Ft
02/03/2020 02/03/20 Pending -- -- --
10/22/2019 10/22/19 For Sale $800,000 -- $223 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,436 $702,034 $406,201 $295,833
2024 $9,317 $688,270 $398,237 $290,033
2023 $9,153 $674,776 $390,429 $284,347
2022 $8,762 $661,546 $382,774 $278,772
2021 $8,646 $648,575 $375,269 $273,306
2020 $8,723 $641,926 $371,422 $270,504
2019 $8,410 $629,340 $364,140 $265,200
2018 $8,262 $617,000 $357,000 $260,000
2016 $5,002 $354,300 $192,163 $162,137
2015 $4,940 $348,979 $189,277 $159,702
2014 $4,994 $342,144 $185,570 $156,574
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2020

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    1 in this area

    87 Total Sales

    Neema Ahadian
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Map

Source: The MLS

MLS Number: 19-530492

The MLS

APN: 5107-007-024

California Los Angeles County Los Angeles 90011 Central Alameda

4515 Hooper Ave, Los Angeles, CA

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The MLS © 2026 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.
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