NOT LISTED FOR SALE

5423 2nd Ave Los Angeles, CA 90043

Hyde Park Neighborhood

Estimated Value: $964,000 - $1,017,233

5 Beds
5 Baths
2,534 Sq Ft
$391/Sq Ft Est. Value

Sale Details

Date Sold: May 4, 2018

Last sale price $725,000 $286 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $6,831 / mo

84 Days on Market

About This Home

As of May 2018

We are excited to present this excellent investment opportunity in the Park Mesa Heights area of Los Angeles. This complex consists of three buildings with all one bedroom - one bathroom units. The property is located just south of the Baldwins Hills Shopping Center which is undergoing a massive renovation and north of the $3 Billion Ram Stadium redevelopment project in Inglewood. The property is currently producing $4,581 per month with approximately 30% upside potential in the rents. It is located directly across the street from Van Ness park and is in close proximity to public transportation. The GRM is 13.1 with a CAP rate of 5.17. Please do not disturb or speak to tenants and please do not walk onto the property. All offers to be made subject to inspection.

Last Agent to Sell the Property

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 12/15/2017

Last Buyer's Agent

Don Parish

AIE Realty Inc License #01741649

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,921

Interior Spaces

  • 2,534 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • 4,921 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5005-002-030

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

4,921 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2534
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 286.11

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 111218
  • Assessed Land Value: 133463
  • Assessor Parcel Number: 5005-002-030
  • Geocode Override: No
  • Lot Size Area: 4921

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 13.19
  • Number Of Units: 5
  • Rent Control: 100
  • Type Of Units: Apartments

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2025
Sold by
Chavez Phyllis
Bought by
Current Estimated Value
$1,082,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,900
Outstanding Balance
$310,039
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$680,578

Purchase Details

Closed on
Aug 6, 2019
Sold by
Legaux Kenneth J and Chavez Phyllis J
Bought by
Legaux Kenneth J and Chavez Phyllis J

Purchase Details

Listed on
Dec 15, 2017
Closed on
Mar 28, 2018
Sold by
2Nd Avenue Property Llc
Bought by
Chavez Phyllis J and Phyllis J Chavez Living Trust
Seller's Agent
Jerome McAlpin
McAlpin & Company
Buyer's Agent
Don Parish
AIE Realty Inc
List Price
$725,000
Sold Price
$725,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.81%
Original Mortgage
$350,000
Interest Rate
4.45%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 1, 2009
Sold by
Prince Vina and Mc Clenon Rosalyn
Bought by
2Nd Avenue Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.91%
Mortgage Type
Commercial

Purchase Details

Closed on
May 28, 2004
Sold by
Mcclenon Mildred M
Bought by
Pr Mcclenon Mildred M and Pr Mildred M Mcclenon Separate
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Hyde Park, CA

  • Silvestre Medel Real Estate Agent - Excellence RE Real Estate, Inc.

    Silvestre Medel

    Excellence RE Real Estate, Inc.

    (858) 256-8987

    56 Total Sales

    1 in Hyde Park

    $640,000 Price

    Silvestre Medel
     Section Image
  • Amalia Ochoa Real Estate Agent - The Proud Crowd Inc.

    Amalia Ochoa

    The Proud Crowd Inc.

    (424) 348-7667

    31 Total Sales

    2 in Hyde Park

    $925K - $1.5M Price Range

    Amalia Ochoa
     Section Image
  • Elijah Shin Real Estate Agent - Dream Realty & Investments Inc

    Elijah Shin

    Dream Realty & Investments Inc

    (424) 207-1609

    139 Total Sales

    1 in Hyde Park

    $665,000 Price

    Elijah Shin
     Section Image
  • Rachel Nussbaum Real Estate Agent - Prestige Estate Agency

    Rachel Nussbaum

    Prestige Estate Agency

    (747) 294-3894

    27 Total Sales

    1 in Hyde Park

    $780,000 Price

    Rachel Nussbaum
     Section Image
  • Ernestine Crews Real Estate Agent - Ernestine Crews

    Ernestine Crews

    Ernestine Crews

    (424) 380-4104

    8 Total Sales

    1 in Hyde Park

    $750,000 Price

    Ernestine Crews
     Section Image
  • Sierus Erdelyi Real Estate Agent - TruLine Realty

    Sierus Erdelyi

    TruLine Realty

    (424) 374-0268

    179 Total Sales

    1 in Hyde Park

    $320,000 Price

    Sierus Erdelyi
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Company
Legaux Kenneth J -- None Available
Chavez Phyllis J $725,000 First American Title Company
2Nd Avenue Property Llc $220,000 First American Title Company
Pr Mcclenon Mildred M -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $323,900
Previous Owner Chavez Phyllis J $350,000
Previous Owner 2Nd Avenue Property Llc $173,925
Previous Owner 2Nd Avenue Property Llc $110,000
Previous Owner 2Nd Avenue Property Llc $100,000
Previous Owner Mcclenon Roosevelt $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/04/2018 05/04/18 Sold $725,000 0.0% $286 / Sq Ft
03/09/2018 03/09/18 Pending -- -- --
12/15/2017 12/15/17 For Sale $725,000 -- $286 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,625 $841,420 $591,897 $249,523
2025 $10,625 $824,923 $580,292 $244,631
2024 $10,479 $808,749 $568,914 $239,835
2023 $10,290 $792,892 $557,759 $235,133
2022 $9,838 $777,346 $546,823 $230,523
2021 $9,713 $762,104 $536,101 $226,003
2020 $9,817 $754,290 $530,604 $223,686
2019 $9,448 $739,500 $520,200 $219,300
2018 $3,691 $249,574 $136,132 $113,442
2016 $3,482 $239,885 $130,847 $109,038
2015 $3,439 $236,283 $128,882 $107,401
2014 $3,484 $231,656 $126,358 $105,298
Source: Public Records

Agents Affiliated with this Home

  • Jerome McAlpin Real Estate Agent - McAlpin & Company

    Seller's Agent in 2018

    Jerome McAlpin

    McAlpin & Company

    (310) 902-8977

    3 in this area

    32 Total Sales

    Jerome McAlpin
    Section Image

  • DP

    Buyer's Agent in 2018

    Don Parish

    AIE Realty Inc

See All Agents

Map

Source: The MLS

MLS Number: 17-296712

The MLS

APN: 5005-002-030

California Los Angeles County Los Angeles 90043 Hyde Park

5423 2nd Ave, Los Angeles, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2026 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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