NOT LISTED FOR SALE

509 S Mathews St Los Angeles, CA 90033

Estimated Value: $1,244,000 - $1,378,000

10 Beds
6 Baths
4,236 Sq Ft
$313/Sq Ft Est. Value

Last Sold October 23, 2024

Last sale price $1,300,000 $307 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,791/month

73 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Private Yard
  • Laundry Room
  • Felicitas and Gonzalo Mendez High Rated A-
  • No HOA
  • Tile Flooring

About This Home

As of October 2024

Beautiful 4 Unit Property in up and coming Boyle Heights! With easy access to multiple freeways and close proximity to the Arts District, DTLA, Chinatown, & LAC/USC Hospital, this 4 unit quadraplex affords many possibilities. Featuring two 3 Bed / 2 Bath units (approx. 1,400 sq ft) and two 2 Bed / 1 Bath units (722 sq ft), this property also features enclosed, onsite parking for 8 cars and 2 laundry rooms for tenant use. 3 bedroom units have newer plumbing and electric, newer gas lines and meters, newer central AC / furnace, newer insulation & newer environmental water runoff tank . Both 2 bedroom units have new plumbing and new water main line. All units feature laminate & tile flooring throughout, granite and tile counters in kitchens & baths & slab granite in showers. Gated tandem carport parking in back is accessed through alley, 2 front tandem stalls are accessible from S. Mathews.

Last Agent to Sell the Property

Kathy Asato

Pacific Agency Group Brokerage Phone: 949-510-8162 License #01416946 Listed on: 07/12/2024

Last Buyer's Agent

Masoud Mohammadi

Coldwell Banker Platinum Prop License #01929682

Coldwell Banker Platinum Prop

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,704

Year Built

  • Built in 1968

Lot Details

  • 6,001 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Chain Link Fence
  • Private Yard

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,236 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Gas Fireplace
  • Family Room with Fireplace
  • Fireplace in Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Fireplace in Primary Bedroom
  • 6 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 6 Open Parking Spaces
  • 8 Parking Spaces
  • 3 Carport Spaces
  • Parking Available
  • Tandem Covered Parking
  • Driveway Up Slope From Street
  • Off-Street Parking

Outdoor Features

  • Fireplace in Patio
  • Exterior Lighting

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 14
  • Tax Tract Number 2043
  • Assessor Parcel Number 5185003014
  • $615 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,155
  • Maintenance Expense $13,800
  • Other Expense $426
  • Pest Control $400
  • Water Sewer Expense $5,400
  • New Taxes Expense $14,000
  • Operating Expense $38,181
  • Gross Income $102,888
  • Net Operating Income $64,707

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,704

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 349750
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 5400.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5185003014
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Entry Level: 1
  • Fireplace Features: Bath, Family Room, Kitchen, Primary Bedroom, Patio, Electric, Gas
  • Levels: Two
  • Price Per Square Foot: 306.89

Exterior Features

  • Foundation: Concrete Perimeter
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport, Driveway, Driveway Up Slope From Street, Off Street, On Site, Tandem Covered, Tandem Uncovered, Uncovered
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: Common Area, Outside
  • Pest Control Expense: 400.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6001.00
  • Lot Size Acres: 0.1378

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 722 Square Feet
  • Average3 Bed Area: 1396 Square Feet
  • Gross Income: 102888.00
  • Gross Scheduled Income: 102888.00
  • Insurance Expense: 4155.00
  • Lot Size Area: 6001.0000 Square Feet
  • Maintenance Expense: 13800.00
  • Net Operating Income: 64707.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 1
  • Number With Range: 2
  • Operating Expense: 38181.00
  • Other Expense: 426.00
  • Other Expense Description: City fee
  • Rent Control: Yes
  • Total Actual Rent: 8574.00
  • Total Expenses: 38181.00

Tax Info

  • New Taxes Expense: 14000.00
  • Tax Census Tract: 2043.00
  • Tax Lot: 14
  • Tax Tract Number: 2043
  • TaxOtherAnnualAssessmentAmount: 615.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Oct 15, 2024
Sold by
Rachel Kordosky Revocable Family Trust and Kordosky Rachel
Bought by
Koochi Mohammad Ali Rashidi
Seller's Agent
Kathy Asato
Pacific Agency Group
Buyer's Agent
Masoud Mohammadi
Coldwell Banker Platinum Prop
List Price
$1,499,000
Sold Price
$1,300,000
Premium/Discount to List
-$199,000
-13.28%
Views
29
Current Estimated Value
$1,326,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,236
Avg. Annual Appreciation
1.53%
Original Mortgage
$975,000
Outstanding Balance
$965,439
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$352,264

Purchase Details

Closed on
Oct 1, 2021
Sold by
Kordosky Rachel
Bought by
Kordosky Rachel and Kordosky Rachel Revocable

Purchase Details

Closed on
May 26, 2017
Sold by
Kordosky Rachael and The Rachael Krodosky Revocable
Bought by
Kordosky Rachel

Purchase Details

Closed on
Sep 8, 2015
Sold by
Kordosky Rachel
Bought by
Kordosky Rachael and Kordosky Rachel Revocable Fami

Purchase Details

Closed on
Dec 11, 2000
Sold by
Ramirez Minnie
Bought by
Ramirez Raymond and Kordosky Rachel
Source: Public Records

Range of Values:

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Average Value
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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
Koochi Mohammad Ali Rashidi $1,300,000 Chicago Title
Koochi Mohammad Ali Rashidi $1,300,000 Chicago Title
Kordosky Rachel -- None Available
Kordosky Rachel -- None Available
Kordosky Rachel -- Nationwide Title Clearing In
Kordosky Rachel -- Nationwide Title Clearing In
Kordosky Rachael -- None Available
Kordosky Rachael -- None Available
Ramirez Raymond -- --
Ramirez Minnie -- --
Ramirez Raymond -- --
Ramirez Minnie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koochi Mohammad Ali Rashidi $975,000
Previous Owner Kordosky Rachel $744,000
Previous Owner Kordosky Rachel $682,500
Previous Owner Kordosky Rachel $555,000
Previous Owner Kordosky Rachel $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2024 10/23/24 Sold $1,300,000 -7.1% $307 / Sq Ft
08/26/2024 08/26/24 Price Changed $1,399,000 -3.5% $330 / Sq Ft
08/01/2024 08/01/24 Price Changed $1,449,000 -3.3% $342 / Sq Ft
07/12/2024 07/12/24 For Sale $1,499,000 -- $354 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,704 $1,300,000 $659,000 $641,000
2024 $8,704 $674,221 $248,899 $425,322
2023 $8,543 $661,002 $244,019 $416,983
2022 $8,159 $648,042 $239,235 $408,807
2021 $8,040 $635,337 $234,545 $400,792
2020 $8,115 $628,824 $232,141 $396,683
2019 $7,808 $616,495 $227,590 $388,905
2018 $4,809 $372,908 $223,128 $149,780
2016 $4,573 $358,429 $214,464 $143,965
2015 $1,209 $83,183 $18,128 $65,055
2014 $1,232 $81,554 $17,773 $63,781
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24138213

California Regional Multiple Listing Service (CRMLS)

APN: 5185-003-014