NOT LISTED FOR SALE

Estimated Value: $981,051 - $1,222,000

5 Beds
3 Baths
1,528 Sq Ft
$708/Sq Ft Est. Value

Last Sold April 27, 2023

Last sale price $930,000 $609 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,883/month

327 Days on Market

About This Home

As of April 2023

Back on the Market since buyer didn't perform. New Year Price Reduction! Seller is Motivated! Bring Offers! Fantastic opportunity to Own a TriPlex in fast growing and appreciating area of MidWishire/Koreatown. Zoning of LAR3 with reduced parking ratio provides an excellent opportunity to build 9 condos or an apartment building for an investor or developer looking in highly sought after location in Koreatown to tear down and build on the lot as many are doing in the area. See the new condos being built across the street. Buy a nice looking triplex now and build later while maximizing on upside rental potential Or rehab and keep as a rental.You are able to increase the rents on 2 of the 3 units see unit explanations. On the property are 2 two bedroom units and a one bedroom unit. This is a low mainanence property. Tenants pay their own utitlities as gas and electricity are seperately metered. There are 3 gas and 3 electric meters. Potential for growth. Rent can be maximized or move in and collect rent. Buyer to do their own investigations. Chase Bank Offering $5,000. contribution call for details.

Last Agent to Sell the Property

Christina Dreyer

Sotheby's International Realty License #00999071 Listed on: 04/19/2022

Sotheby's International Realty

Last Buyer's Agent

Stephen Biskup

Sotheby's International Realty License #01854478

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,820

Year Built

  • Built in 1913

Lot Details

  • 7,506 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • 1 Common Wall
  • Value in Land

Parking

  • 2 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 1,528 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 15 / 7
  • Tax Tract Number 1925
  • Assessor Parcel Number 5521011018

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,428
  • Trash Expense $1,200
  • Water Sewer Expense $2,165
  • Operating Expense $4,793
  • Gross Income $80,400
  • Net Operating Income $75,607

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,820

Year Built

Built in 1913

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: Home
  • Other Phone Number: 6263513883
  • Price Per Unit: 350000
  • Property Attached: Yes
  • Water Sewer Expenses: 2165.00
  • Zoning: LAR3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5521011018
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 608.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Value In Land
  • Lot Size: 50 x 150
  • Lot Size Sq Ft: 7506.00
  • Lot Size Acres: 0.1723

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 80400.00
  • Gross Scheduled Income: 80400.00
  • Insurance Expense: 1428.00
  • Lot Size Area: 7506.0000 Square Feet
  • Net Operating Income: 75607.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Operating Expense: 4793.00
  • Other Income Description: grossincome based on potential
  • Rent Control: Yes
  • Total Actual Rent: 14028.00
  • Total Expenses: 4793.00

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 1925.10
  • Tax Lot: 15
  • Tax Tract Number: 1925

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2022
Closed on
Mar 16, 2023
Sold by
Cesar And Loreta Cunanan Revocable Trust
Bought by
Alexander Galuz And Yana Galuz Joint Living T
Seller's Agent
Christina Dreyer
Sotheby's International Realty
Buyer's Agent
Stephen Biskup
Sotheby's International Realty
List Price
$1,350,000
Sold Price
$930,000
Premium/Discount to List
-$420,000
-31.11%
Views
25
Current Estimated Value
$1,082,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,513
Avg. Annual Appreciation
3.84%
Original Mortgage
$697,500
Outstanding Balance
$678,836
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$336,998

Purchase Details

Closed on
Mar 8, 2021
Sold by
Cunanan Marilou and Cunanan Dan M
Bought by
Cunanan Dan M and Cunanan Marilou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$621,724
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2019
Sold by
Cunanan Loreta
Bought by
Cunanan Catherine and Cunanan Christiana

Purchase Details

Closed on
May 1, 2018
Sold by
Cunanan Catherine and Cunanan Christina
Bought by
Cunanan Dan M and Cunanan Marilou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2017
Sold by
Cunanan Cesar and Cunanan Loreta
Bought by
Cunanan Catherine and Cunanan Christiana

Purchase Details

Closed on
Jun 30, 1999
Sold by
Cunanan Cesar and Cunanan Loreta
Bought by
Cunanan Cesar and Cunanan Loreta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,750
Interest Rate
3.35%
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
Alexander Galuz And Yana Galuz Joint Living T $930,000 Chicago Title Company
Cunanan Dan M -- Amrock Llc
Cunanan Catherine -- Amrock Llc
Cunanan Marilou -- Amrock Llc
Cunanan Catherine -- Amrock Llc
Cunanan Christiana -- Amrock Llc
Cunanan Catherine -- None Available
Cunanan Dan M -- Amrock Title California Inc
Cunanan Catherine -- None Available
Cunanan Dan M -- None Available
Cunanan Cesar -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alexander Galuz And Yana Galuz Joint Living T $697,500
Previous Owner Cunanan Marilou $621,724
Previous Owner Cunanan Dan M $630,000
Previous Owner Cunanan Cesar $139,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2023 04/27/23 Sold $930,000 -11.4% $609 / Sq Ft
03/12/2023 03/12/23 Pending -- -- --
01/03/2023 01/03/23 Price Changed $1,050,000 -12.5% $687 / Sq Ft
07/11/2022 07/11/22 Price Changed $1,200,000 -11.1% $785 / Sq Ft
04/19/2022 04/19/22 For Sale $1,350,000 -- $884 / 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 $11,820 $967,572 $645,048 $322,524
2024 $11,820 $948,600 $632,400 $316,200
2023 $1,828 $115,408 $81,023 $34,385
2022 $1,761 $113,146 $79,435 $33,711
2021 $1,732 $110,928 $77,878 $33,050
2020 $1,744 $109,792 $77,080 $32,712
2019 $1,690 $107,640 $75,569 $32,071
2018 $2,381 $174,321 $119,941 $54,380
2017 $1,530 $103,463 $72,636 $30,827
2016 $1,482 $101,435 $71,212 $30,223
2015 $1,464 $99,913 $70,143 $29,770
2014 $1,493 $97,956 $68,769 $29,187
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PF22079341

California Regional Multiple Listing Service (CRMLS)

APN: 5521-011-018