NOT LISTED FOR SALE

5785 Corbett St Los Angeles, CA 90016

Baldwin Hills Neighborhood

Estimated Value: $4,179,000

12 Beds
8 Baths
6,604 Sq Ft
$633/Sq Ft Est. Value

Last Sold March 05, 2018

Last sale price $4,500,000 $681 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $27,090/month

21 Days on Market

Highlights

  • 17,551 Sq Ft lot
  • 1-Story Property
  • 2-minute walk to La Cienega/Jefferson

About This Home

As of March 2018

This opportunity will not last! Subject Property is an eight (8) unit apartment building located in a very coveted area in Los Angeles County. The Subject Property currently has 6 vacant units that are boarded up and only two units are occupied. The apartment building is situated on a large 17,552 SF lot zoned R4-2D CPIO. This investment provides multiple options for a real estate investor but will require renovations to command market rents for all units. An alternative would be to have a developer complete entitlements and conduct a major redevelopment.

Last Agent to Sell the Property

Roy Yoo

RJ Real Estate Investments, Inc License #01462413 Listed on: 01/26/2018

Last Buyer's Agent

Roy Yoo

RJ Real Estate Investments, Inc License #01462413 Listed on: 01/26/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 0.4 Acre Lot

Parking

  • 8 Parking Spaces

Interior Spaces

  • 6,604 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5047-018-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0.4 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6604
  • Stories: 1
  • Year Built: 1948
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 317.99

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 8

Lot Info

  • Assessed Improvement Value: 331377
  • Assessed Land Value: 497066
  • Assessor Parcel Number: 5047-018-005
  • Geocode Override: No
  • Lot Size Area: 17551

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 14.23
  • Number Of Units: 8
  • Type Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2018
Closed on
Feb 27, 2018
Sold by
Mufg Union Bank Na
Bought by
5785 Corbett St Lp
Seller's Agent
Roy Yoo
RJ Real Estate Investments, Inc
Buyer's Agent
Roy Yoo
RJ Real Estate Investments, Inc
List Price
$2,100,000
Sold Price
$4,500,000
Premium/Discount to List
$2,400,000
114.29%
Current Estimated Value
$4,179,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$321,000
Avg. Annual Appreciation
-0.92%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
5785 Corbett St Lp $4,500,000 Chicago Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2018 03/05/18 Sold $4,500,000 +114.3% $681 / Sq Ft
01/26/2018 01/26/18 For Sale $2,100,000 -- $318 / Sq Ft
Source: The MLS

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 $61,298 $5,120,231 $5,120,231 --
2024 $61,298 $5,019,835 $5,019,835 --
2023 $60,106 $4,921,407 $4,921,407 $0
2022 $57,315 $4,824,909 $4,824,909 $0
2021 $57,437 $4,730,303 $4,309,832 $420,471
2019 $55,751 $4,590,000 $4,182,000 $408,000
2018 $11,682 $845,011 $507,007 $338,004
2016 $2,850 $119,040 $43,056 $75,984
2015 $2,829 $117,253 $42,410 $74,843
2014 $2,900 $114,957 $41,580 $73,377
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Roy Yoo

    RJ Real Estate Investments, Inc

    (213) 220-1464

    7 Total Sales

    Roy Yoo
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Map

Source: The MLS

MLS Number: 18-307908

The MLS

APN: 5047-018-005

California Los Angeles County Los Angeles 90016 Baldwin Hills

5785 Corbett St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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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.
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