NOT LISTED FOR SALE

5785 Corbett St Los Angeles, CA 90016

Baldwin Hills Neighborhood

Estimated Value: $526,000

12 Beds
8 Baths
6,604 Sq Ft
$80/Sq Ft Est. Value

Sale Details

Date Sold: March 5, 2018

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

Current estimated payment $3,495 / mo

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

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 17,551 Sq Ft 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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
$526,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,974,000
Avg. Annual Appreciation
-22.20%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Baldwin Hills, CA

  • Chad Singer Real Estate Agent - Amalfi Estates

    Chad Singer

    Amalfi Estates

    (855) 936-0705

    93 Total Sales

    1 in Baldwin Hills

    $1,005,000 Price

    Chad Singer
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  • Novelette Witt Real Estate Agent - Morgen Real Estate, Inc.

    Novelette Witt

    Morgen Real Estate, Inc.

    (424) 373-7561

    4 Total Sales

    1 in Baldwin Hills

    $1,325,000 Price

    Novelette Witt
     Section Image
  • Kevin Freeman Real Estate Agent - Re/Max R. E. Specialists

    Kevin Freeman

    Re/Max R. E. Specialists

    (213) 600-3360

    18 Total Sales

    3 in Baldwin Hills

    $650K - $1.5M Price Range

    Kevin Freeman
     Section Image
  • Drew Teicheira Real Estate Agent - Harcourts Place

    Drew Teicheira

    Harcourts Place

    (877) 672-0775

    90 Total Sales

    1 in Baldwin Hills

    $515,000 Price

    Drew Teicheira
     Section Image
  • Melissa Okabe Real Estate Agent - Alta Properties

    Melissa Okabe

    Alta Properties

    (562) 568-9373

    27 Total Sales

    1 in Baldwin Hills

    $1,146,000 Price

    Melissa Okabe
     Section Image
  • Audrey Judson Real Estate Agent - Pacifica Properties Group, Inc.

    Audrey Judson

    Pacifica Properties Group, Inc.

    (424) 310-1086

    45 Total Sales

    1 in Baldwin Hills

    $1,850,000 Price

    Audrey Judson
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,500,000 Chicago Title Company
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $61,592 $5,222,635 $5,222,635
2025 $61,592 $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

  • RY

    Seller's Agent in 2018

    Roy Yoo

    RJ Real Estate Investments, Inc

    (213) 220-1464

    6 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

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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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