$2,860,000
SOLD SEP 6, 2024
-- Bed
-- Bath
9,176 Sq Ft
4,709 Sq Ft Lot

Recently Sold

$312 Per Sq Ft

25% Below List Price

142 Days on Market

About This Home

As of September 2024

First time on market in at least 4 decades. A 2-story building with approximately 10,000 SF of warehouse/retail space for sale in the heart of DTLA's Fashion District. The property is TOC Tier-3, ED1 Eligible, Adaptive Reuse Project eligible, AB2097 qualified (reduced parking requirements), and has 800 AMPS of power as well. A perfect owner/user or investment deal that has numerous options available to it depending on what your specific requirements are. The building also has an old freight elevator that has been maintained well and is in good working condition. Seller is also open to leasing the entire building to a good tenant with solid terms.

Last Agent to Sell the Property

sam shakerchi

Compass License #01868195 Listed on: 02/13/2024

Compass

Last Buyer's Agent

Louis Tseng

Compass License #02129076

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,973

Year Built

  • Built in 1922

Home Design

  • Split Level Home

Interior Spaces

  • 9,176 Sq Ft Home
  • 2-Story Property
  • Elevator

Additional Features

  • 4,709 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 5148-021-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,973

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 9176
  • Lot Acreage: 0.1081
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Elevator
  • Price Per S Q F T: 348.74

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No

Utilities

  • Cooling: Air Conditioning, Central

Lot Info

  • Assessed Improvement Percent: 32.10
  • Assessed Improvement Value: 132774
  • Assessed Land Percent: 67.9
  • Assessed Land Value: 280831
  • Total Assessed Value: 413605
  • Assessor Parcel Number: 5148-021-003
  • Lot Size Area: 4709

Multi Family

  • Unit Type: 2106
  • Number Of Units: 1
  • Total Annual Expense: 0
  • Type Of Units: Retail/WHS
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2024
Closed on
Jul 9, 2024
Sold by
645-647 S Los Angeles Street Llc
Bought by
Banh Loan To and Banh Ngan To
Seller's Agent
sam shakerchi
Compass
Buyer's Agent
Louis Tseng
Compass
List Price
$3,800,000
Sold Price
$2,860,000
Premium/Discount to List
-$940,000
-24.74%
Views
55
Current Estimated Value
$2,886,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,950
Avg. Annual Appreciation
0.56%
Original Mortgage
$1,430,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2021
Sold by
Shakerchi Muriel and The Muriel Shakerchi Revocable
Bought by
645 647 S Los Angeles Street Llc

Purchase Details

Closed on
Dec 31, 2014
Sold by
Shakerchi Living Trust
Bought by
The Muriel Shakerchi Revocable Trust

Purchase Details

Closed on
Jul 6, 1997
Sold by
Shakerchi Heskel
Bought by
Shakerchi Heskel and Shakerchi Muriel
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
Grant Deed $2,860,000 Cypress Escrow And Settlement
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,430,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2024 09/06/24 Sold $2,860,000 -10.6% $312 / Sq Ft
07/04/2024 07/04/24 Pending -- -- --
04/01/2024 04/01/24 Price Changed $3,200,000 -15.8% $349 / Sq Ft
02/13/2024 02/13/24 For Sale $3,800,000 -- $414 / 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
2024 $7,973 $421,876 $286,447 $135,429
2023 $7,779 $413,605 $280,831 $132,774
2022 $7,465 $405,496 $275,325 $130,171
2021 $7,289 $397,546 $269,927 $127,619
2019 $7,102 $385,757 $261,922 $123,835
2018 $6,935 $378,194 $256,787 $121,407
2016 $6,156 $363,510 $246,816 $116,694
2015 $6,044 $358,051 $243,109 $114,942
2014 $6,020 $351,038 $238,347 $112,691
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-356683

The MLS

APN: 5148-021-003