NOT LISTED FOR SALE

Estimated Value: $986,000 - $1,213,000

1 Bed
1 Bath
3,923 Sq Ft
$280/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $840,000 $214 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,925/month

44 Days on Market

About This Home

As of February 2020

STANDARD SALE. We can close quickly. DRIVE-BY ONLY. Do not disturb occupants. No Sign on property. Mostly copper plumbing. The property is very well maintained 4plex units with well-paying tenants, just minutes from downtown LA Live, Freeways, USC and the Coliseum, soccer stadium, New Honda dealership, and George Lucas just spent over $1billion in the area. All 4 units have its own detached garage. This is an outstanding Investor Income Property Opportunity.

Last Agent to Sell the Property

JOEL BALSWICK

BALSWICK REALTY License #01871230 Listed on: 09/18/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,432

Year Built

  • Built in 1921

Lot Details

  • 6,751 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 3,923 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity
  • Tax Lot 58
  • Tax Tract Number 1
  • Assessor Parcel Number 5019023018

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $100
  • Water Sewer Expense $150
  • New Taxes Expense $6,817
  • Operating Expense $10,072
  • Gross Income $5,829
  • Net Operating Income $59,876

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,432

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 150.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5019023018
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 214.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity

Multi Family

  • Gross Income: 5829.00
  • Gross Scheduled Income: 69948.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6751.0000 Square Feet
  • Net Operating Income: 59876.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 10072.00
  • Rent Control: Yes
  • Total Expenses: 10072.00

Tax Info

  • New Taxes Expense: 6817.00
  • Tax Census Tract: 2317.20
  • Tax Lot: 58
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2019
Closed on
Feb 12, 2020
Sold by
Ding Tiaw Ching
Bought by
Ding Timothy
Seller's Agent
JOEL BALSWICK
BALSWICK REALTY
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,100,000
Sold Price
$840,000
Premium/Discount to List
-$260,000
-23.64%
Current Estimated Value
$1,098,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,262
Avg. Annual Appreciation
5.04%

Purchase Details

Closed on
Dec 10, 2019
Sold by
Ding Timothy
Bought by
Kim Eunjin Jennifer

Purchase Details

Listed on
Aug 12, 2011
Closed on
Jan 9, 2012
Sold by
Chua Mui
Bought by
Ding Timothy
Seller's Agent
Brent Hammond
Bogdana Dees, Broker
Buyer's Agent
JOEL BALSWICK
BALSWICK REALTY
List Price
$325,000
Sold Price
$310,000
Premium/Discount to List
-$15,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.77%
Original Mortgage
$232,500
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 12, 2011
Closed on
Jan 6, 2012
Sold by
Sia Soohong
Bought by
Ding Tiaw Ching
Seller's Agent
Brent Hammond
Bogdana Dees, Broker
Buyer's Agent
JOEL BALSWICK
BALSWICK REALTY
List Price
$325,000
Sold Price
$310,000
Premium/Discount to List
-$15,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 12, 2011
Closed on
Dec 7, 2011
Sold by
Lira Jesus and Lira Martha
Bought by
Ding Timothy and Ding Tiaw Ching
Seller's Agent
Brent Hammond
Bogdana Dees, Broker
Buyer's Agent
JOEL BALSWICK
BALSWICK REALTY
List Price
$325,000
Sold Price
$310,000
Premium/Discount to List
-$15,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2005
Sold by
Lira Jesus
Bought by
Lira Jesus

Purchase Details

Closed on
Nov 8, 2004
Sold by
Lira Martha
Bought by
Lira Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 2004
Sold by
Rodriguez Maria Ines
Bought by
Lira Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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
Ding Timothy -- Orange Coast Title
Kim Eunjin Jennifer $840,000 Orange Coast Title
Ding Timothy -- Ticor Title Co
Ding Tiaw Ching -- Ticor Title Co
Ding Timothy $310,000 Ticor Title Co
Lira Jesus -- --
Lira Jesus -- --
Lira Jesus $455,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Eunjin Jennifer $250,000
Previous Owner Ding Timothy $232,500
Previous Owner Lira Jesus $470,000
Previous Owner Lira Jesus $318,500
Closed Lira Jesus $91,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2020 02/21/20 Sold $840,000 -5.6% $214 / Sq Ft
11/01/2019 11/01/19 Pending -- -- --
09/20/2019 09/20/19 Price Changed $890,000 -19.1% $227 / Sq Ft
09/18/2019 09/18/19 For Sale $1,100,000 +254.8% $280 / Sq Ft
01/26/2012 01/26/12 Sold $310,000 -4.6% $79 / Sq Ft
11/15/2011 11/15/11 Pending -- -- --
08/12/2011 08/12/11 For Sale $325,000 -- $83 / 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 $11,432 $918,659 $765,550 $153,109
2024 $11,432 $900,647 $750,540 $150,107
2023 $11,221 $882,988 $735,824 $147,164
2022 $10,717 $865,676 $721,397 $144,279
2021 $10,569 $848,702 $707,252 $141,450
2020 $4,863 $356,030 $229,698 $126,332
2019 $4,689 $349,050 $225,195 $123,855
2018 $4,547 $342,207 $220,780 $121,427
2016 $4,316 $328,920 $212,207 $116,713
2015 $4,258 $323,980 $209,020 $114,960
2014 $4,299 $317,635 $204,926 $112,709
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19223315

California Regional Multiple Listing Service (CRMLS)

APN: 5019-023-018