NOT LISTED FOR SALE

5623 1/2 Blackwelder St Los Angeles, CA 90016

West Adams Neighborhood

Estimated Value: $1,043,000 - $1,316,000

4 Beds
3 Baths
1,599 Sq Ft
$722/Sq Ft Est. Value

Last Sold January 24, 2018

Last sale price $675,000 $422 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $7,067/month

227 Days on Market

Highlights

  • Bathtub with Shower
  • 4 Car Garage
  • 1-Story Property
  • Ceramic Tile Flooring
  • South Facing Home

About This Home

As of January 2018

PRICE REDUCED!!! Looking for a great long-term investment property, then look no further. Low Maintenance and Great location. This Duplex is located in the West Adams District. Both units are 2 bedrooms each, Front unit has 2 baths and back unit has 1 bath. Well maintained with ample parking on-site, 2 car detached garage. Nicely upgraded units. Newer exterior paint and newly upgraded windows. Owner will deliver one unit vacant at close of escrow. High rental upside. Close to all mid-city has to offer; shopping, restaurants, USC, downtown, quick freeway access (10, 405) and public transportation (Expo Line). Sold in "AS-IS" condition.

Last Agent to Sell the Property

Sneh Prasad

Coldwell Banker Vista Realty License #01325653 Listed on: 04/30/2017

Last Buyer's Agent

Marjan Janjic

Brentwood Realty Group, Inc. License #01462835

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,342

Year Built

  • Built in 1938

Lot Details

  • 4,797 Sq Ft Lot
  • South Facing Home

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,599 Sq Ft Home
  • 1-Story Property
  • Disposal
  • Laundry in Garage

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms
  • Bathtub with Shower

Parking

  • 4 Car Garage
  • Driveway

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5048-022-022

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,342

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: No
  • Living Area: 1599
  • Probate: No
  • Stories: 1
  • Year Built: 1938
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Laminate
  • Bedrooms: 4
  • Common Walls: Attached
  • Bathroom Features: Shower Over Tub
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 455.91

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Roof: Shingle
  • View: No

Garage/Parking

  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Driveway - Concrete, Garage
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 1
  • Water: Meter on Property

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Value: 83453
  • Assessed Land Value: 134891
  • Assessor Parcel Number: 5048-022-022
  • Geocode Override: No
  • Lot Size Area: 4797

Rental Info

  • Land Lease Type: Fee
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.00
  • Number Of Units: 2
  • Rent Control: 50%
  • Total Annual Expense: 50.00
  • Type Of Units: Duplex
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2017
Closed on
Dec 14, 2017
Sold by
Singh Jai K
Bought by
Sochiratna Paul P and Lin Sochiratna Judy Y
Seller's Agent
Sneh Prasad
Coldwell Banker Vista Realty
Buyer's Agent
Marjan Janjic
Brentwood Realty Group, Inc.
List Price
$729,000
Sold Price
$675,000
Premium/Discount to List
-$54,000
-7.41%
Current Estimated Value
$1,153,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$478,932
Avg. Annual Appreciation
5.71%
Original Mortgage
$506,250
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2010
Sold by
Singh Savitri
Bought by
Singh Jal K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,900
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2000
Sold by
Washington Trina
Bought by
Singh Jai K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,200
Interest Rate
8.67%

Purchase Details

Closed on
Nov 15, 1999
Sold by
Washington Trina
Bought by
Washington Trina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
10.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 1997
Sold by
Washington Lee H
Bought by
Washington Lee H and The Leon Washington Living Trust

Purchase Details

Closed on
Dec 30, 1996
Sold by
Va
Bought by
Washington Lee H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
7.74%
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
Sochiratna Paul P $675,000 Lawyers Title Company
Singh Jal K -- First American Title
Singh Jai K $138,000 First American Title Co
Washington Trina -- Investors Title Company
Washington Lee H -- --
Washington Lee H -- California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sochiratna Paul P $475,000
Closed Sochiratna Paul P $506,250
Previous Owner Singh Jai Karan $62,200
Previous Owner Singh Jai K $244,000
Previous Owner Singh Jal K $208,900
Previous Owner Singh Jai K $212,000
Previous Owner Singh Jai K $180,000
Previous Owner Singh Jai K $25,000
Previous Owner Singh Jai K $132,000
Previous Owner Singh Jai K $124,200
Previous Owner Washington Trina $90,000
Previous Owner Washington Lee H $67,500
Previous Owner Washington Lee H $56,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2018 01/24/18 Sold $675,000 -7.4% $422 / Sq Ft
12/13/2017 12/13/17 Pending -- -- --
10/24/2017 10/24/17 For Sale $729,000 +8.0% $456 / Sq Ft
10/20/2017 10/20/17 Off Market $675,000 -- --
10/03/2017 10/03/17 Price Changed $729,000 -2.7% $456 / Sq Ft
04/30/2017 04/30/17 For Sale $749,000 -- $468 / Sq Ft
Source: The MLS

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 $9,342 $768,029 $540,466 $227,563
2024 $9,342 $752,970 $529,869 $223,101
2023 $9,167 $738,207 $519,480 $218,727
2022 $8,747 $723,734 $509,295 $214,439
2021 $8,635 $709,544 $499,309 $210,235
2019 $8,380 $688,500 $484,500 $204,000
2018 $2,932 $227,163 $140,339 $86,824
2016 $2,793 $218,344 $134,891 $83,453
2015 $2,754 $176,466 $132,865 $43,601
2014 $2,312 $173,010 $130,263 $42,747
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Sneh Prasad

    Coldwell Banker Vista Realty

    Section Image

  • M

    Buyer's Agent in 2018

    Marjan Janjic

    Brentwood Realty Group, Inc.

    (310) 600-2436

    1 in this area

    11 Total Sales

    Marjan Janjic
    Section Image
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Map

Source: The MLS

MLS Number: 17-226230

The MLS

APN: 5048-022-022

California Los Angeles County Los Angeles 90016 West Adams

5623 1/2 Blackwelder St, Los Angeles, CA

This home is located at 5623 1/2 Blackwelder St, Los Angeles, CA 90016 since 30 April 2017 and is currently estimated at $1,153,932, approximately $721 per square foot. This property was built in 1938. 5623 1/2 Blackwelder St is a home located in Los Angeles County with nearby schools including Marvin Avenue Elementary School, Daniel Webster Middle School, and Alexander Hamilton Senior High School.

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