NOT LISTED FOR SALE

5147 W 21st St Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $1,110,740 - $1,185,000

4 Beds
4 Baths
2,480 Sq Ft
$465/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $740,000 $298 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $6,927/month

11 Days on Market

Highlights

  • Wood Flooring
  • 4 Car Garage
  • South Facing Home
  • Double Door Entry
  • Laundry in Carport
  • Rectangular Lot

About This Home

As of May 2017

Unique value-add investment opportunity in this developing Mid-City neighborhood. North of 10 FWY. Potential redevelopment play for additional units with current zoning, or chance to add SF to existing units. All 1 Bedroom/1 Bathroom units, each having private entrance & exits. All units are identical floor plan. Private 4-car garage with attached laundry room. Minutes to Beverly Hills, Fairfax/Melrose, and The Grove outlets. Huge upside potential for savvy buyer. PLEASE DO NOT DISTURB TENANTS OR PARK IN DRIVEWAY.

Last Agent to Sell the Property

Alex Frapech

CB Richard Ellis, Inc. License #02026469 Listed on: 04/03/2017

Last Buyer's Agent

Kelly Chong

Dream Realty & Investments Inc License #01273557

Dream Realty & Investments Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,692

Year Built

  • Built in 1939

Lot Details

  • 8,406 Sq Ft Lot
  • South Facing Home
  • Rectangular Lot

Parking

  • 4 Car Garage

Home Design

  • Fixer Upper

Interior Spaces

  • 2,480 Sq Ft Home
  • 1-Story Property
  • Double Door Entry
  • Wood Flooring

Kitchen

  • Oven or Range
  • Gas Cooktop

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in Carport
  • Leased Washer and Dryer

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5062-007-016

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • Vacancy Allowance $783

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,692

Year Built

Built in 1939

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Alley: No
  • Entry Location: Ground Level w/steps
  • Living Area: 2480
  • Price Per Unit: 190000.00
  • Property Condition: Fixer
  • Stories: 1
  • Year Built: 1939
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Appliances: Cooktop - Gas
  • Bedrooms: 4
  • Common Walls: Attached
  • Laundry: In Carport
  • Laundry Equipment: Lease
  • Total Bathrooms: 4.00
  • Equipment: Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 306.45

Exterior Features

  • Direction Faces: South
  • Other Features: Double Door Entry
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Garage Structures: 1
  • Number Rented Garages: 1
  • Parking Garage: Covered Parking, Garage - 4+ Car, Garage Is Detached, Private
  • Total Parking: 4

Utilities

  • Cooling: Window Unit(s)
  • Electric Expense: 550.00
  • Heating: Wall
  • Number Gas Meters: 4
  • Water Expense: 2000.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 300.00
  • Insurance Expense: 992.00
  • Maintenance Expense: 1500.00
  • Trash Expense: 900.00

Lot Info

  • Assessed Improvement Value: 113030
  • Assessed Land Value: 162828
  • Assessor Parcel Number: 5062-007-016
  • Geocode Override: No
  • Lot Description: Lot Shape-Rectangular
  • Lot Size Area: 8406

Rental Info

  • Garage Rental Rate: 15
  • Lease Per Month Year: Month
  • Monthly Gross Income: 2223.00
  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 40.52
  • Gross Scheduled Income: 26676.00
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Apartments
  • Vacancy Allow: 783
  • Vacancy Allow Percent: 3.00

Tax Info

  • Tax Expense: 9500.00
  • Tax New: 9500.00
  • Tax Percent: 1.25

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2017
Closed on
Apr 19, 2017
Sold by
Greene Walton and The Walt Greene & Elsie Yoshi
Bought by
Park Jongpil and Seo Younghee
Seller's Agent
Alex Frapech
CB Richard Ellis, Inc.
Buyer's Agent
Kelly Chong
Dream Realty & Investments Inc
List Price
$760,000
Sold Price
$740,000
Premium/Discount to List
-$20,000
-2.63%
Current Estimated Value
$1,153,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$413,185
Avg. Annual Appreciation
5.42%
Original Mortgage
$540,000
Outstanding Balance
$446,378
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$706,807

Purchase Details

Closed on
Feb 13, 2008
Sold by
Greene Walton
Bought by
Yoshii Elsie Mae Ying Chew and Greene Walton
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
Park Jongpil $740,000 Usa National Title
Yoshii Elsie Mae Ying Chew -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Jongpil $540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2017 05/31/17 Sold $740,000 -2.6% $298 / Sq Ft
04/03/2017 04/03/17 For Sale $760,000 -- $306 / 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 $10,692 $858,827 $661,531 $197,296
2024 $10,692 $841,988 $648,560 $193,428
2023 $10,496 $825,480 $635,844 $189,636
2022 $10,025 $809,295 $623,377 $185,918
2021 $9,896 $793,427 $611,154 $182,273
2019 $9,609 $769,896 $593,028 $176,868
2018 $9,437 $754,800 $581,400 $173,400
2016 $3,660 $275,858 $162,828 $113,030
2015 $3,611 $271,716 $160,383 $111,333
2014 $3,652 $266,395 $157,242 $109,153
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2017

    Alex Frapech

    CB Richard Ellis, Inc.

    Section Image
  • Kelly Chong

    Buyer's Agent in 2017

    Kelly Chong

    Dream Realty & Investments Inc

    (213) 500-4803

    30 Total Sales

    Kelly Chong
    Section Image
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Map

Source: The MLS

MLS Number: 17-217184

The MLS

APN: 5062-007-016

California Los Angeles County Los Angeles 90016 Mid-City

5147 W 21st St, Los Angeles, CA

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The MLS © 2025 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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