NOT LISTED FOR SALE

Estimated Value: $685,151 - $732,000

3 Beds
3 Baths
1,474 Sq Ft
$480/Sq Ft Est. Value

Last Sold May 16, 2024

Last sale price $675,000 $458 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,019/month

34 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • 1-minute walk to Van Ness Recreation Center
  • Chain Link Fence
  • 1-Story Property

About This Home

As of May 2024

Welcome to this vintage gem nestled in the heart of Los Angeles, boasting timeless appeal and remarkable potential. Built in 1953, this delightful triplex consists of three 1-bedroom, 1-bathroom units and offers a opportunity to own a piece of history with modern possibilities. Situated on a spacious lot, this triplex presents a unique opportunity for expansion with the potential to build an Accessory Dwelling Unit (ADU) in the back. Whether you envision a private studio, a guest cottage, or a rental opportunity, the possibilities are endless to maximize the use of this property. Don't miss this rare opportunity to own a piece of Los Angeles history with the flexibility to customize and expand according to your vision.

Last Agent to Sell the Property

Meagan Wright

CENTURY 21 PRIMETIME REALTORS License #02129184 Listed on: 03/15/2024

CENTURY 21 PRIMETIME REALTORS

Last Buyer's Agent

Cris 'Hero' Bayani III

Equity Real Estate-Pacific Coast License #02108277

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,309

Year Built

  • Built in 1953

Lot Details

  • 4,923 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex

Interior Spaces

  • 1,474 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace
  • Standard Electricity

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 136
  • Tax Tract Number 2314
  • Assessor Parcel Number 5005002005
  • $326 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $660
  • Insurance Expense $1,416
  • Trash Expense $700
  • Water Sewer Expense $1,200
  • Operating Expense $3,976
  • Gross Income $40,304
  • Net Operating Income $40,304

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,309

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 225000
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LARD1.5
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 660.00
  • Parcel Number: 5005002005
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 457.94
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Spa: No

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4923.00
  • Lot Size Acres: 0.1130

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 491 Square Feet
  • Average2 Bed Area: 491 Square Feet
  • Average3 Bed Area: 491 Square Feet
  • Gross Income: 40304.00
  • Gross Scheduled Income: 44280.00
  • Insurance Expense: 1416.00
  • Lot Size Area: 4923.0000 Square Feet
  • Net Operating Income: 40304.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 3976.00
  • Rent Control: Yes
  • Total Actual Rent: 3690.00
  • Total Expenses: 3976.00

Tax Info

  • Tax Census Tract: 2346.00
  • Tax Lot: 136
  • Tax Tract Number: 2314
  • TaxOtherAnnualAssessmentAmount: 326.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2025
Sold by
Toohey Blesilda and Toohey James William
Bought by
Toohey Blesilda and Toohey James William
Current Estimated Value
$707,788

Purchase Details

Listed on
Mar 15, 2024
Closed on
May 9, 2024
Sold by
Walker John and Walker Carole M
Bought by
Toohey Blesilda and Toohey James William
Seller's Agent
Meagan Wright
CENTURY 21 PRIMETIME REALTORS
Buyer's Agent
Cris 'Hero' Bayani III
Equity Real Estate-Pacific Coast
List Price
$675,000
Sold Price
$675,000
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.94%
Original Mortgage
$506,250
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 1994
Sold by
Walker John and Walker Carole M
Bought by
Walker John and Walker Carole M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Toohey Blesilda -- None Listed On Document
Toohey Blesilda $675,000 First American Title
Walker John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Toohey Blesilda $506,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2024 05/16/24 Sold $675,000 0.0% $458 / Sq Ft
03/15/2024 03/15/24 For Sale $675,000 -- $458 / 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 $2,309 $688,500 $596,700 $91,800
2024 $2,309 $165,538 $76,146 $89,392
2023 $2,273 $162,293 $74,653 $87,640
2022 $2,180 $159,112 $73,190 $85,922
2021 $2,145 $155,993 $71,755 $84,238
2019 $2,087 $151,369 $69,628 $81,741
2018 $2,022 $148,402 $68,263 $80,139
2016 $1,925 $142,641 $65,613 $77,028
2015 $1,900 $140,499 $64,628 $75,871
2014 $1,928 $137,748 $63,363 $74,385
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV24044151

California Regional Multiple Listing Service (CRMLS)

APN: 5005-002-005