NOT LISTED FOR SALE

Estimated Value: $818,910 - $1,297,000

5 Beds
4 Baths
1,882 Sq Ft
$538/Sq Ft Est. Value

Last Sold March 16, 2023

Last sale price $800,000 $425 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,202/month

50 Days on Market

About This Home

As of March 2023

Mid-City Los Angeles development opportunity. Priced to scrape and build multi-unit apartments on an over 7000 square foot lot. 3 units occupied, 1 unit vacant. To be delivered with remaining tenants. PLEASE DO NOT DISTURB TENANTS OR WALK ONTO PROPERTY. Neighboring Midtown Crossing, Lowe's and Ralphs shopping centers, restaurants, eateries and and schools.

Last Agent to Sell the Property

Traci Bates

Keller Williams Larchmont License #01833638 Listed on: 12/15/2022

Keller Williams Larchmont

Co-Listed By

Lorna Hennington

Keller Williams Larchmont License #01842983

Last Buyer's Agent

Traci Bates

Keller Williams Larchmont License #01833638

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,252

Year Built

  • Built in 1920

Lot Details

  • 7,000

Home Design

  • 1,882 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway

Additional Features

  • 7,000 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5067-007-032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,252

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1882
  • Lot Acreage: 0.1607
  • Year Built: 1920
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 478.21

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 14.04
  • Assessed Improvement Value: 59595
  • Assessed Land Percent: 85.96
  • Assessed Land Value: 364907
  • Total Assessed Value: 424502
  • Assessor Parcel Number: 5067-007-032
  • Lot Size Area: 7000

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Type Of Units: Multi-unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2022
Closed on
May 4, 2023
Sold by
Mcclendon Ceola
Bought by
Tatum-Mack Trust
Seller's Agent
Traci Bates
Keller Williams Larchmont
Buyer's Agent
Traci Bates
Keller Williams Larchmont
List Price
$900,000
Sold Price
$800,000
Premium/Discount to List
-$100,000
-11.11%
Views
170
Current Estimated Value
$1,012,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,728
Avg. Annual Appreciation
9.16%

Purchase Details

Closed on
Sep 14, 2009
Sold by
Preece Jane
Bought by
Preece Jane and Preece Amelia

Purchase Details

Closed on
Aug 5, 2009
Sold by
Arrow Asset Services Llc
Bought by
Preece Jane

Purchase Details

Closed on
May 15, 2007
Sold by
Dray May Freire Ingrid E and Dray May Robert
Bought by
May Robert Dray and May Freire Ingrid E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,000
Interest Rate
9.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2005
Sold by
Serrano Sergio and Camacho Eduardo
Bought by
May Roberty Dray and May Freire Ingrid E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2005
Sold by
Serrano Sergio
Bought by
Serrano Sergio and Camacho Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2005
Sold by
Serrano Rosaura
Bought by
Serrano Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2005
Sold by
Lorenzana Catarino and Lorenzana Noemy
Bought by
Serrano Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2005
Sold by
Lorenzana Edwin Oswaldo
Bought by
Lorenzana Catarino and Lorenzana Noemy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
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

Date Buyer Sale Price Title Company
Tatum-Mack Trust -- None Listed On Document
Preece Jane -- None Available
Preece Jane $349,000 North American Title Company
Arrow Asset Services Llc $300,000 None Available
May Robert Dray -- Security Union Title Co
May Robert Dray -- Security Union Title Co
May Roberty Dray $610,000 North American Title
Serrano Sergio -- North American Title
Serrano Sergio -- Chicago Title Co
Serrano Sergio $465,000 Chicago Title Co
Lorenzana Catarino -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner May Robert Dray $604,000
Previous Owner May Roberty Dray $455,000
Previous Owner Serrano Sergio $372,000
Closed Serrano Sergio $46,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2023 03/16/23 Sold $800,000 -11.1% $425 / Sq Ft
02/03/2023 02/03/23 Pending -- -- --
12/15/2022 12/15/22 For Sale $900,000 -- $478 / 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 $10,252 $832,320 $728,280 $104,040
2024 $10,252 $816,000 $714,000 $102,000
2023 $5,660 $432,991 $372,205 $60,786
2022 $5,413 $424,502 $364,907 $59,595
2021 $5,339 $416,179 $357,752 $58,427
2020 $5,389 $411,912 $354,084 $57,828
2019 $5,188 $403,837 $347,142 $56,695
2018 $5,077 $395,920 $340,336 $55,584
2016 $4,849 $380,548 $327,121 $53,427
2015 $4,782 $374,833 $322,208 $52,625
2014 $4,825 $367,492 $315,897 $51,595
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-226191

The MLS

APN: 5067-007-032