NOT LISTED FOR SALE

625 E 49th St Unit 2 Los Angeles, CA 90011

South Park Neighborhood

Estimated Value: $957,972 - $1,211,000

2 Beds
1 Bath
900 Sq Ft
$1,178/Sq Ft Est. Value

About This Home

As of March 2023

This renovated 2BD/1BA 2nd-floor unit apartment has been updated with new paint, new laminate and tile flooring, new kitchen countertops, and new hardware. must see!

Last Agent to Rent the Property

Weon Kang

Bestway Realty License #01888004 Listed on: 01/30/2023

Last Renter's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 5,500 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 900 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Location

  • Urban Location

Listing and Financial Details

  • Security Deposit $2,500
  • Rent includes water
  • 12-Month Minimum Lease Term
  • Available 1/25/23
  • Tax Lot 5108
  • Tax Tract Number 9033
  • Assessor Parcel Number 5108009033

Community Details

Overview

  • No Home Owners Association
  • $5,000 HOA Transfer Fee
  • 4 Units

Pet Policy

  • Pets Allowed
  • Pet Deposit $500

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2023-01-25
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 50
  • Deposit Pets: 500
  • Deposit Security: 2500
  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Transfer Fees: 5000.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Quadruplex
  • Property Attached: Yes
  • View: No
  • Property Sub Type: Quadruplex
  • Property Type: Residential Lease
  • Parcel Number: 5108009033
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 900.00 Square Feet
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 2.22
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5500.00
  • Lot Size Acres: 0.1263

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 5500.0000 Square Feet
  • Number Of Units Total: 4
  • Rent Includes: Water

Tax Info

  • Tax Lot: 5108
  • Tax Tract Number: 009033

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2020
Sold by
Park Jim Koowon
Bought by
Park Jim Koowon and The Jim Koowon Park Living Tru
Current Estimated Value
$1,060,493

Purchase Details

Closed on
Sep 5, 2018
Sold by
Farcoh 126 Llc
Bought by
Park Jim Koowon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Outstanding Balance
$399,491
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$661,002

Purchase Details

Closed on
Oct 10, 2017
Sold by
Cohen Joseph
Bought by
Farco 126 Llc and Zarpar Llc

Purchase Details

Closed on
Aug 23, 2017
Sold by
Fannie Mae
Bought by
Cohen Joseph and Lalezar Nadia

Purchase Details

Closed on
Jun 25, 2009
Sold by
Aurora Loan Services Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 15, 2009
Sold by
Castillo Hernandez Gilberto
Bought by
Aurora Loan Services

Purchase Details

Closed on
Dec 27, 2006
Sold by
Cornelio Ilver
Bought by
Hernandez Gilberto Castillo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2004
Sold by
Cornelio Ilver and Rangel Jesus
Bought by
Cornelio Ilver

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
8.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2000
Sold by
Flores Alma A
Bought by
Rangel Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,701
Interest Rate
8.26%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 4, 2000
Sold by
Cyprus Kip C
Bought by
Cornelio Ilver

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,701
Interest Rate
8.26%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 3, 1999
Sold by
Cyprus Amy L
Bought by
Cyprus Kip C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,500
Interest Rate
7.64%

Purchase Details

Closed on
Jul 23, 1999
Sold by
Us National Assn
Bought by
Cyprus Kip C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,500
Interest Rate
7.64%

Purchase Details

Closed on
Apr 30, 1999
Sold by
Khokar Malik T
Bought by
Home Equity Loan Trust 1998-2

Purchase Details

Closed on
Feb 16, 1998
Sold by
Family Trust Davis Willie And Myrna Trs Davis
Bought by
Phns Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,250
Interest Rate
7%

Purchase Details

Closed on
Feb 11, 1998
Sold by
Phns Inc
Bought by
Khokar Malik T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,250
Interest Rate
7%

Purchase Details

Closed on
Oct 11, 1994
Sold by
Davis Willie and Davis Myrna
Bought by
Davis Willie
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Park Jim Koowon -- None Available
Park Jim Koowon $875,000 Ticor Title Company
Farco 126 Llc -- None Available
Cohen Joseph $571,000 Ticor Title Company
Cohen Joseph -- Ticor Title Company
Lalezar Nadia -- Ticor Title Company
Asajnassian Dalia -- Ticor Title Company
Federal National Mortgage Association -- Lsi Title Company
Aurora Loan Services $623,020 None Available
Hernandez Gilberto Castillo $700,000 Advantage Title Inc
Cornelio Ilver -- --
Rangel Jesus -- Southland Title
Cornelio Ilver $330,000 Southland Title
Cyprus Kip C -- Continental Title
Cyprus Kip C $135,000 Lawyers Title
Home Equity Loan Trust 1998-2 $208,256 American Title
Phns Inc $170,000 Equity Title
Khokar Malik T $245,000 Equity Title
Davis Willie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Jim Koowon $460,000
Previous Owner Hernandez Gilberto Castillo $560,000
Previous Owner Cornelio Ilver $400,000
Previous Owner Cornelio Ilver $325,701
Previous Owner Cyprus Kip C $174,500
Previous Owner Khokar Malik T $208,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2023 03/30/23 Off Market $2,500 -- --
03/25/2023 03/25/23 Rented $2,000 -20.0% --
03/12/2023 03/12/23 Price Changed $2,500 +25.0% $3 / Sq Ft
02/23/2023 02/23/23 Price Changed $2,000 -20.0% $2 / Sq Ft
01/30/2023 01/30/23 For Rent $2,500 -- --
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 $11,728 $947,126 $487,093 $460,033
2024 $11,728 $928,556 $477,543 $451,013
2023 $11,507 $910,350 $468,180 $442,170
2022 $10,982 $892,500 $459,000 $433,500
2021 $11,147 $901,746 $463,755 $437,991
2020 $11,255 $892,500 $459,000 $433,500
2019 $10,819 $875,000 $450,000 $425,000
2018 $10,127 $810,000 $280,000 $530,000
2017 $5,660 $437,985 $128,235 $309,750
2016 $5,493 $429,398 $125,721 $303,677
2015 $5,417 $422,949 $123,833 $299,116
2014 $5,459 $414,665 $121,408 $293,257
Source: Public Records

Agents Affiliated with this Home

  • W

    Landlord's Agent in 2023

    Weon Kang

    Bestway Realty

    (213) 923-6689

    5 Total Sales

    Weon Kang
    Section Image

  • N

    Tenant's Agent in 2023

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    6,226 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23016107

California Regional Multiple Listing Service (CRMLS)

APN: 5108-009-033

California Los Angeles County Los Angeles 90011 South Park

625 E 49th St Unit 2, Los Angeles, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

Nearby Homes