M
Seller's Agent in 2023
Melvin Tam
Green Room LA
4603 5th Ave Los Angeles, CA 90043
Hyde Park NeighborhoodEstimated Value: $742,000 - $989,000
5
Beds
2
Baths
1,711
Sq Ft
$518/Sq Ft
Est. Value
About This Home
As of September 2023Located on the north border of Hyde Park and just a 2 minute drive east of Leimert Park Village, this property is situated in a prime location in a residential block, ready to realize its full potential. This is an add value duplex that is a clean slate ready to be reimagined. 4603 5th Ave is a 2 bedroom 1 bathroom front unit, and 4605 5th Ave is a 3 bedroom 1 bathroom rear unit with a total of 1,711 sqft on a 5,844 sqft lot. Front unit is partially updated. Rear unit has refinished hardwood floors, freshly painted walls, and a private backyard. Both units have full copper repipe. This is the only property on the entire block that has side by side driveway parking that fits up to 4 cars. Potential to build up to 4 stories or convert garage to an ADU. Property is in an Opportunity Zone. Trust Sale.
Last Agent to Sell the Property
Melvin Tam
Green Room LA License #01994642 Listed on: 06/30/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,167
Year Built
- Built in 1956
Lot Details
- 5,904 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 4 Open Parking Spaces
- 2 Car Garage
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 1,711 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 320
- Tax Tract Number 1700
- Assessor Parcel Number 5014019025
Community Details
Overview
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $100
- Trash Expense $100
- Water Sewer Expense $300
- Operating Expense $6,000
- Gross Income $4,000
- Net Operating Income $66,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 30, 2023
Closed on
Aug 31, 2023
Sold by
Victoria Yoneko Fujita Trust
Bought by
Johnson Shannon Lanea and Spencer Kelvin L
Seller's Agent
Melvin Tam
Green Room LA
Buyer's Agent
Shelle Kirk
View Heights Properties
List Price
$750,000
Sold Price
$820,000
Premium/Discount to List
$70,000
9.33%
Views
169
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,143
Avg. Annual Appreciation
3.69%
Original Mortgage
$805,147
Outstanding Balance
$787,585
Interest Rate
6.81%
Mortgage Type
FHA
Estimated Equity
$98,558
Purchase Details
Closed on
May 1, 2004
Sold by
Fujita Victoria Y
Bought by
Fujita Victoria Yoneko and The Victoria Yoneko Fujita Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Johnson Shannon Lanea | $820,000 | Lawyers Title | |
| Fujita Victoria Yoneko | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Johnson Shannon Lanea | $805,147 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/08/2023 09/08/23 | Sold | $820,000 | +9.3% | $479 / Sq Ft |
| 08/11/2023 08/11/23 | Pending | -- | -- | -- |
| 06/30/2023 06/30/23 | For Sale | $750,000 | -- | $438 / 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 | $10,167 | $836,400 | $714,000 | $122,400 |
| 2024 | $10,167 | $820,000 | $700,000 | $120,000 |
| 2023 | $1,032 | $65,205 | $26,119 | $39,086 |
| 2022 | $996 | $63,927 | $25,607 | $38,320 |
| 2021 | $971 | $62,674 | $25,105 | $37,569 |
| 2019 | $946 | $60,816 | $24,361 | $36,455 |
| 2018 | $861 | $59,625 | $23,884 | $35,741 |
| 2016 | $806 | $57,311 | $22,957 | $34,354 |
| 2015 | $796 | $56,451 | $22,613 | $33,838 |
| 2014 | $814 | $55,347 | $22,171 | $33,176 |
Source: Public Records
Agents Affiliated with this Home
-
-
Shelle Kirk
Buyer's Agent in 2023
Shelle Kirk
View Heights Properties
(562) 761-0959
1 in this area
25 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR23117183
APN: 5014-019-025
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