NOT LISTED FOR SALE

649 Alpine St Los Angeles, CA 90012

Chinatown Neighborhood

Estimated Value: $1,155,000 - $1,241,000

10 Beds
6 Baths
3,757 Sq Ft
$317/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $1,025,000 $273 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,531/month

87 Days on Market

About This Home

As of December 2022

Have you been searching for the perfect investment property? Well look no further! This 3-unit building was a dream built by the patriarch of the family. In 1973 he saw an empty dirt lot in a prime Chinatown location and decided to build a family home with the extra security of rental income. The owner's unit has an upstairs and a downstairs with a built-in wok in the kitchen. Each unit is spacious with 3 bedrooms and 2 baths. Plenty of storage space and parking for 4 cars. Unit 1, the owner's unit will be delivered vacant and the other 2 units will be delivered with tenants. Wonderful opportunity to buy and hold. Centrally located to public transportation, shopping, great restaurants, and all the culture of Chinatown and the Downtown art galleries and museums. Great potential!

Last Agent to Sell the Property

Andrea Marcum-Valentine

eXp Realty of Greater Los Angeles License #01737314 Listed on: 07/17/2022

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Heidi Babcock

eXp Realty of Greater Los Angeles License #01778021

eXp Realty of Greater Los Angeles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,033

Year Built

  • Built in 1973

Lot Details

  • 3,940

Parking

  • 4 Car Garage

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,757 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Additional Features

  • 3,940 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5407-010-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,033

Year Built

Built in 1973

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Street Number Display: Yes
  • Advertising Remarks: Have you been searching for the perfect investment property? Well look no further! This 3-unit building was a dream built by the patriarch of the family. He saw an empty dirt lot in a prime Chinatown location and decided to build a family home with the extra security of rental income. The owner's unit has an upstairs and a downstairs with a built-in wok in the kitchen. Each unit is spacious with 3 bedrooms and 2 baths. Plenty of storage space and parking for 4 cars. Unit 1, the owner's unit will be delivered vacant and the other 2 units will be delivered with tenants. Wonderful opportunity to buy and hold. Centrally located to public transportation, shopping, great restaurants, and all the culture of Chinatown and the Downtown art galleries and museums. Great potential!
  • Living Area: 3757
  • Lot Acreage: 0.0904
  • Probate: No
  • Stories: 3
  • Year Built: 1973
  • Number Of Photos: 54
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Common Walls: Attached
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 292.25

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Covered Parking
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 74.83
  • Assessed Improvement Value: 141310
  • Assessed Land Percent: 25.17
  • Assessed Land Value: 47533
  • Total Assessed Value: 188843
  • Assessor Parcel Number: 5407-010-008
  • Lot Size Area: 3940

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 61.93
  • Number Of Units: 3
  • Total Annual Expense: 1100
  • Type Of Units: attached
  • Vacancy Rate: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 13, 2022
Sold by
Wong Family Trust
Bought by
Zhao Evangelique Ting and Wong Brice Foon
Current Estimated Value
$1,177,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2020
Sold by
Yu Annie Mei
Bought by
Yu Kevin Lam and Yu Annie Mei

Purchase Details

Closed on
Oct 14, 2020
Sold by
Wong Michael
Bought by
Wong Michael Chi

Purchase Details

Closed on
Aug 11, 2020
Sold by
Wong Michael
Bought by
Tong Amy Wai and Yu Annie Mei

Purchase Details

Closed on
Apr 30, 2004
Sold by
Wong Tai Guy and Wong Sui Fong Lai
Bought by
Wong Tai Guy and Wong Sui Fong Lai

Purchase Details

Closed on
Apr 27, 2004
Sold by
Wong Michael Chi Kwan
Bought by
Wong Tai Guy and Wong Sui Fong Lai
Source: Public Records

Range of Values:

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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
Zhao Evangelique Ting $1,025,000 Old Republic Title
Yu Kevin Lam -- None Available
Wong Michael Chi -- None Available
Tong Amy Wai -- None Available
Wong Tai Guy -- --
Wong Tai Guy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhao Evangelique Ting $757,000
Previous Owner Zhao Evangelique Ting $768,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2022 12/16/22 Sold $1,025,000 -6.6% $273 / Sq Ft
10/12/2022 10/12/22 Pending -- -- --
09/16/2022 09/16/22 Price Changed $1,098,000 -8.3% $292 / Sq Ft
07/17/2022 07/17/22 For Sale $1,198,000 -- $319 / 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
2025 $13,033 $1,066,410 $754,290 $312,120
2024 $13,033 $1,045,500 $739,500 $306,000
2023 $12,784 $1,025,000 $725,000 $300,000
2022 $2,645 $192,619 $48,483 $144,136
2021 $2,591 $188,843 $47,533 $141,310
2020 $2,607 $186,908 $47,046 $139,862
2019 $2,518 $183,244 $46,124 $137,120
2018 $2,430 $179,652 $45,220 $134,432
2016 $2,280 $172,678 $43,465 $129,213
2015 $2,250 $170,086 $42,813 $127,273
2014 $2,275 $166,755 $41,975 $124,780
Source: Public Records

Agents Affiliated with this Home

  • Andrea Marcum-Valentine

    Seller's Agent in 2022

    Andrea Marcum-Valentine

    eXp Realty of Greater Los Angeles

    (323) 360-7663

    1 in this area

    59 Total Sales

    Section Image
  • Heidi Babcock

    Buyer's Agent in 2022

    Heidi Babcock

    eXp Realty of Greater Los Angeles

    (626) 437-2090

    1 in this area

    16 Total Sales

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Map

Source: The MLS

MLS Number: 22-180347

The MLS

APN: 5407-010-008

California Los Angeles County Los Angeles 90012 Chinatown

649 Alpine St, Los Angeles, CA

This home is located at 649 Alpine St, Los Angeles, CA 90012 since 17 July 2022 and is currently estimated at $1,191,082, approximately $317 per square foot. This property was built in 1973. 649 Alpine St is a home located in Los Angeles County with nearby schools including Castelar Elementary School, Florence Nightingale Middle, and Ramón C. Cortines School of Visual and Performing Arts.

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