NOT LISTED FOR SALE

Estimated Value: $1,353,000 - $2,024,000

8 Beds
4 Baths
4,090 Sq Ft
$428/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $1,330,000 $325 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $10,621/month

About This Home

As of December 2020

Very desirable location and good residential area in Korea Town. R-3 Zoning of developers favorite place. 2blocks east of Western Ave and just south of Melrose Ave. Easy access to Fwy #101, Hwy #2 and closed by public transportations as well. 4units, each unit over 1000sf/ft, open floor plane,
Each unit, 2bed+1bath with laundry area. Ample spaces in back yard and 4 car garages
















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Last Agent to Sell the Property

Jung Kim

No Firm Affiliation License #01403987 Listed on: 10/12/2020

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,575

Year Built

  • Built in 1921

Lot Details

  • 6,750 Sq Ft Lot
  • 1 Common Wall
  • Private Yard
  • Back Yard

Parking

  • 4 Car Garage

Home Design

  • 4,090 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 20 / 9
  • Tax Tract Number 192510
  • Assessor Parcel Number 5521013020

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Water Sewer Expense $1,950
  • New Taxes Expense $8,496
  • Operating Expense $11,946
  • Gross Income $71,880
  • Net Operating Income $59,934

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,575

Year Built

Built in 1921

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 8183901793
  • Property Attached: Yes
  • Water Sewer Expenses: 1950.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5521013020
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 325.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Yard
  • Lot Size Sq Ft: 6750.00
  • Lot Size Acres: 0.1550

Multi Family

  • Gross Income: 71880.00
  • Gross Scheduled Income: 71880.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6750.0000 Square Feet
  • Net Operating Income: 59934.00
  • 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
  • Operating Expense: 11946.00
  • Rent Control: Yes
  • Total Actual Rent: 5990.00
  • Total Expenses: 11946.00

Tax Info

  • New Taxes Expense: 8496.00
  • Tax Block: 9
  • Tax Lot: 20
  • Tax Tract Number: 192510

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2020
Closed on
Dec 15, 2020
Sold by
Ahn Sue
Bought by
Kim Eun Hoa
Seller's Agent
Jung Kim
No Firm Affiliation
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,399,000
Sold Price
$1,330,000
Premium/Discount to List
-$69,000
-4.93%
Current Estimated Value
$1,749,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$419,384
Avg. Annual Appreciation
5.84%
Original Mortgage
$750,000
Outstanding Balance
$668,914
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,080,470

Purchase Details

Listed on
Oct 12, 2020
Closed on
Nov 12, 2020
Sold by
Kim Howard Byung Kyu
Bought by
Kim Eun Hoa
Seller's Agent
Jung Kim
No Firm Affiliation
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,399,000
Sold Price
$1,330,000
Premium/Discount to List
-$69,000
-4.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$668,914
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,080,470

Purchase Details

Listed on
Aug 11, 2011
Closed on
Feb 13, 2012
Sold by
Lee Moon Suk
Bought by
Ahn Sue
Seller's Agent
James Mann
Coldwell Banker Platinum Prop.
Buyer's Agent
James Mann
Coldwell Banker Platinum Prop.
List Price
$835,000
Sold Price
$597,000
Premium/Discount to List
-$238,000
-28.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.46%
Original Mortgage
$388,050
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2011
Closed on
Jan 9, 2012
Sold by
Mkt Community Development
Bought by
Ahn Sue
Seller's Agent
James Mann
Coldwell Banker Platinum Prop.
Buyer's Agent
James Mann
Coldwell Banker Platinum Prop.
List Price
$835,000
Sold Price
$597,000
Premium/Discount to List
-$238,000
-28.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,050
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2001
Sold by
Shelter First Inc
Bought by
Mkt Community Development

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.19%

Purchase Details

Closed on
Jul 17, 2000
Sold by
Hud
Bought by
Shelter First Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
8.12%

Purchase Details

Closed on
Oct 29, 1999
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Feb 13, 1998
Sold by
Toongoen Ruang and Khamphanthavong Khemphet
Bought by
Norwest Mtg Inc

Purchase Details

Closed on
Aug 16, 1996
Sold by
Pansaksangun Ungchana
Bought by
Toongoen Ruang and Khamphanthavong Khemphet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,700
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 21, 1994
Sold by
Wongwaghirawanich Saisri
Bought by
Pansaksangun Ungchana
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
Kim Eun Hoa $1,330,000 Stewart Title Of California In
Kim Eun Hoa -- Stewart Title Of California In
Ahn Sue -- Equity Title Los Angeles
Ahn Sue $597,000 Equity Title Los Angeles
Mkt Community Development -- --
Shelter First Inc $217,000 New Century Title Company
Hud -- Benefit Land Title Company
Norwest Mtg Inc $218,099 Benefit Land Title Ins Co
Toongoen Ruang $203,000 Orange Coast Title
Pansaksangun Ungchana -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Eun Hoa $750,000
Previous Owner Ahn Sue $388,050
Previous Owner Mkt Community Development $100,000
Previous Owner Shelter First Inc $231,000
Previous Owner Toongoen Ruang $196,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2020 12/30/20 Sold $1,330,000 -4.9% $325 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
10/12/2020 10/12/20 For Sale $1,399,000 +134.3% $342 / Sq Ft
02/22/2012 02/22/12 Sold $597,000 -28.5% $146 / Sq Ft View Prior Sale
12/21/2011 12/21/11 Pending -- -- --
08/11/2011 08/11/11 For Sale $835,000 -- $204 / 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 $17,575 $1,439,633 $974,188 $465,445
2024 $17,575 $1,411,406 $955,087 $456,319
2023 $17,242 $1,383,732 $936,360 $447,372
2022 $16,454 $1,356,600 $918,000 $438,600
2021 $16,238 $1,330,000 $900,000 $430,000
2020 $8,832 $685,652 $459,399 $226,253
2019 $8,497 $672,209 $450,392 $221,817
2018 $8,346 $659,029 $441,561 $217,468
2016 $7,952 $633,439 $424,415 $209,024
2015 $7,840 $623,925 $418,040 $205,885
2014 $7,890 $611,704 $409,852 $201,852
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20214895

California Regional Multiple Listing Service (CRMLS)

APN: 5521-013-020