$585,000
SOLD OCT 10, 2024
4 Beds
2 Baths
2,440 Sq Ft
5,392 Sq Ft Lot

Recently Sold

$240 Per Sq Ft

26% Below List Price

158 Days on Market

About This Home

As of May 2025

$140k PRICE REDUCTION! Excellent two income rental units investment or development opportunity in a highly desirable rental area of Los Angeles, close to freeways, shopping and schools. USC, EXPO PARK, DTLA, CRYPTO Arena, LAX, BMO Stadium, LA Memorial Coliseum, LAFC, Microsoft Theater, and much more. Live in one unit and rent the other one. Sizable backyard. The complex is fully gated with ample parking spaces. Hurry! Don't miss this potential developer dream project!

Last Agent to Sell the Property

Rex Chan

SOPHIS REAL ESTATE, INC. Brokerage Phone: 626-869-8666 License #01504436 Listed on: 04/15/2024

Last Buyer's Agent

James Nguyen

SOPHIS REAL ESTATE, INC. License #02052006

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,695

Year Built

  • Built in 1913

Lot Details

  • 5,392 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 2,440 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 2 / C
  • Tax Tract Number 3
  • Assessor Parcel Number 6004022003
  • $496 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $3,700
  • Operating Expense $7,000
  • Gross Income $60,000
  • Net Operating Income $53,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,695

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Price Per Unit: 325000
  • Property Attached: Yes
  • Water Sewer Expenses: 3700.00
  • Zoning: LAC2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6004022003
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 239.75

Exterior Features

  • Pool Private: No

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: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5392.00
  • Lot Size Acres: 0.1238
  • Latitude Manual: 33.98288900

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5392.0000 Square Feet
  • Net Operating Income: 53000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7000.00
  • Rent Control: Yes
  • Total Expenses: 7000.00

Tax Info

  • Tax Block: C
  • Tax Census Tract: 2371.02
  • Tax Lot: 2
  • Tax Tract Number: 3
  • TaxOtherAnnualAssessmentAmount: 496.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
Oct 4, 2024
Sold by
Angeleno Homes Llc
Bought by
Del Mar Housing Llc
Seller's Agent
Rex Chan
SOPHIS REAL ESTATE, INC.
Buyer's Agent
James Nguyen
SOPHIS REAL ESTATE, INC.
List Price
$790,000
Sold Price
$585,000
Premium/Discount to List
-$205,000
-25.95%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
92.41%
Original Mortgage
$685,000
Outstanding Balance
$679,804
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$294,859

Purchase Details

Listed on
Apr 15, 2024
Closed on
Sep 26, 2024
Sold by
Z & T And Associates Llc
Bought by
Angeleno Homes Llc
Seller's Agent
Rex Chan
SOPHIS REAL ESTATE, INC.
Buyer's Agent
James Nguyen
SOPHIS REAL ESTATE, INC.
List Price
$790,000
Sold Price
$585,000
Premium/Discount to List
-$205,000
-25.95%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Outstanding Balance
$679,804
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$294,859

Purchase Details

Closed on
Jan 19, 2024
Sold by
Cornell And Lacy Smith Revocable Living
Bought by
Harvey Zena and Moore Trena Lanee

Purchase Details

Closed on
Dec 19, 2023
Sold by
Harvey Family Trust and Johnnie Moore Jr And Trena Moore Family
Bought by
Z & T And Associates Llc

Purchase Details

Closed on
Apr 14, 2000
Sold by
Smith Cornell M
Bought by
Smith Cornell M and Smith Lacerene
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Gift Deed -- --
Grant Deed $585,000 First American Title Company
Grant Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $685,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Sold $1,000,000 +5.3% $410 / Sq Ft
05/27/2025 05/27/25 Pending -- -- --
05/23/2025 05/23/25 For Sale $949,900 +62.4% $389 / Sq Ft
10/10/2024 10/10/24 Sold $585,000 -10.0% $240 / Sq Ft
09/20/2024 09/20/24 Pending -- -- --
09/13/2024 09/13/24 Price Changed $649,999 -17.7% $266 / Sq Ft
08/05/2024 08/05/24 For Sale $790,000 +35.0% $324 / Sq Ft
07/22/2024 07/22/24 Off Market $585,000 -- --
04/15/2024 04/15/24 For Sale $790,000 -- $324 / 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
2024 $9,695 $767,040 $510,000 $257,040
2023 $966 $39,124 $25,659 $13,465
2022 $942 $38,357 $25,156 $13,201
2021 $915 $37,606 $24,663 $12,943
2019 $899 $36,493 $23,933 $12,560
2018 $774 $35,778 $23,464 $12,314
2016 $719 $34,390 $22,553 $11,837
2015 $713 $33,875 $22,215 $11,660
2014 $732 $33,212 $21,780 $11,432
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24074993

California Regional Multiple Listing Service (CRMLS)

APN: 6004-022-003