Seller's Agent in 2022
Edison Echeverry
Four Brothers Real Estate, Inc.
(562) 644-4544
1 in this area
12 Total Sales
502 E 23rd St Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated Value: $985,327
8
Beds
5
Baths
5,334
Sq Ft
$185/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- 2-minute walk to Trinity Park Legends Court
About This Home
As of April 2022This building consists of 5 units total located in a very desirable area for investors, with easy access to freeways and 7 minutes driving time to the Staple Center and Down Town Los Angeles.
The first level is a mini market available for an owner operator to come and open a business, the second floor consists of 4- 2 bedroom units, lots of potential.
The store front unit is also available for lease.
Last Agent to Sell the Property
Four Brothers Real Estate, Inc. License #01224344 Listed on: 07/18/2021
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $11,852
Year Built
- Built in 1904
Lot Details
- 3,802 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Interior Spaces
- 5,334 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- All Upper Level Bedrooms
- 5 Bathrooms
Additional Features
- Urban Location
- Sewer Paid
Listing and Financial Details
- Tax Lot 6
- Assessor Parcel Number 5127012006
Community Details
Overview
- No Home Owners Association
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $32,000
- Gross Income $120,360
- Net Operating Income $81,860
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 22, 2005
Sold by
Mejia Ronald
Bought by
Bautista Genaro
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
$538,000
Outstanding Balance
$283,707
Interest Rate
5.72%
Mortgage Type
Commercial
Estimated Equity
$701,620
Purchase Details
Closed on
Mar 25, 2002
Sold by
Haro Alberto M and Haro Maria L
Bought by
Mejia Ronald
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
6.87%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Bautista Genaro | $2,751,136 | -- | |
| Mejia Ronald | $235,000 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bautista Genaro | $538,000 | |
| Previous Owner | Mejia Ronald | $153,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/16/2022 04/16/22 | Sold | $900,000 | -21.7% | $169 / Sq Ft |
| 03/06/2022 03/06/22 | Pending | -- | -- | -- |
| 01/30/2022 01/30/22 | Price Changed | $1,150,000 | -4.2% | $216 / Sq Ft |
| 10/16/2021 10/16/21 | Price Changed | $1,200,000 | -7.7% | $225 / Sq Ft |
| 07/18/2021 07/18/21 | For Sale | $1,300,000 | -- | $244 / 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 | $11,852 | $955,087 | $668,561 | $286,526 |
| 2024 | $11,852 | $936,360 | $655,452 | $280,908 |
| 2023 | $11,629 | $918,000 | $642,600 | $275,400 |
| 2022 | $10,709 | $866,652 | $351,552 | $515,100 |
| 2021 | $10,553 | $849,659 | $344,659 | $505,000 |
| 2019 | $10,242 | $824,459 | $334,437 | $490,022 |
| 2018 | $10,144 | $808,294 | $327,880 | $480,414 |
| 2016 | $8,140 | $650,000 | $263,700 | $386,300 |
| 2015 | $8,141 | $650,000 | $263,700 | $386,300 |
| 2014 | $5,872 | $448,000 | $181,700 | $266,300 |
Source: Public Records
Agents Affiliated with this Home
-
Edison Echeverry
-
Samuel Mikhail
Buyer's Agent in 2022
Samuel Mikhail
The New City Realty
(562) 273-1307
1 in this area
41 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW21156676
APN: 5127-012-006
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