$950,000
SOLD JUL 11, 2025
8 Beds
4 Baths
3,081 Sq Ft
7,507 Sq Ft Lot

Recently Sold

$308 Per Sq Ft

17% Below List Price

111 Days on Market

Highlights

  • In Ground Pool
  • Contemporary Architecture
  • West Facing Home
  • Mountain View
  • Garage

About This Home

As of July 2025

Prime Development Opportunity in Koreatown Adjacent R3 Zoning! Located in a rapidly developing area near Koreatown, this R3-zoned property sits on a spacious 7,505 sqft lot, making it an ideal candidate for redevelopment or a lucrative rental investment. Surrounded by large apartment complexes and offering easy access to major freeways, this location provides exceptional convenience and strong demand for housing. The property currently consists of three income-generating units: Unit #1: 4BR/2BA $3,200/month (Front Unit) Unit #2: 2BR/1BA $1,255/month (Second Floor) Unit #3: 1BR/1BA $1,890/month (First Floor). Additional features include two garages plus six additional parking spaces, providing ample parking options for tenants or future development plans. Totaling $6,345/month in rental income, this investment presents immediate cash flow while offering tremendous potential for future development. With ongoing city redevelopment efforts in nearby Hollywood and Koreatown, plus Metro expansion improving accessibility, this location is poised for continued growth. Don't miss this rare opportunity to capitalize on a prime LA property with endless possibilities! Buyer to verify all zoning and development potential.

Last Agent to Sell the Property

Paul Yoo

Keller Williams Larchmont License #01274972 Listed on: 03/11/2025

Keller Williams Larchmont

Last Buyer's Agent

Alan Hassan

Real Broker License #02128146

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,633

Year Built

  • Built in 1922

Lot Details

  • 7,507 Sq Ft Lot
  • West Facing Home

Parking

  • Garage

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,081 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Window Screens
  • Mountain Views

Kitchen

  • Oven or Range
  • Gas Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms
  • Low Flow Toliet

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Fire and Smoke Detector

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Central Water Heater
  • Sewer in Street

Additional Features

  • In Ground Pool
  • City Lot

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • The owner pays for gardener, water, gas
  • Assessor Parcel Number 5520-003-030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,633

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Building Permit: Yes
  • Living Area: 3081
  • Lot Acreage: 0.1723
  • Probate: No
  • Year Built: 1922
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Cooktop - Gas
  • Bedrooms: 8
  • Common Walls: Attached
  • Bathroom Features: Low Flow Toilet(s)
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Garbage Disposal, Washer, Refrigerator, Range/Oven, Gas Dryer Hookup, Dryer
  • Price Per S Q F T: 340.80
  • Windows: Screens, Window Blinds

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Structures: Other
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: Yes
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: Mountains, Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Garage

Utilities

  • Water Heater: Gas, Central Water Heater
  • Cooling: Air Conditioning, Window Unit(s)
  • Heating: Natural Gas
  • Number Electric Meters: 3
  • Security: T.V., Smoke Detector, Exterior Security Lights
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 251392
  • Assessed Land Percent: 70
  • Assessed Land Value: 586586
  • Total Assessed Value: 837978
  • Assessor Parcel Number: 5520-003-030
  • Lot Location: City
  • Lot Size Area: 7507

Rental Info

  • Total Actual Rent: 76140.00
  • Owner Pays: Gardener, Water, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.10
  • Number Of Units: 3
  • Total Annual Expense: 19260
  • Type Of Units: 5Br, 2Br, 1B
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2025
Closed on
Jun 17, 2025
Sold by
Yu Yun Ja and Kim Hyun Bok
Bought by
La Investment Group1 Llc
Seller's Agent
Paul Yoo
Keller Williams Larchmont
Buyer's Agent
Alan Hassan
Real Broker
List Price
$1,150,000
Sold Price
$950,000
Premium/Discount to List
-$200,000
-17.39%
Views
42

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
222.38%

Purchase Details

Closed on
Apr 6, 2021
Sold by
Yu Yun Ja
Bought by
Yu Yun Ja and Kim Hyun Bok

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2017
Sold by
Yu Yun Ja
Bought by
Yu Yun Ja and Kim Hyun Bok

Purchase Details

Listed on
Jan 30, 2015
Closed on
Apr 2, 2015
Sold by
Yu Do Y
Bought by
Yu Yun Ja
Seller's Agent
Jae Choi
Ivy Realty Co.
Buyer's Agent
Helen Byon
Universal Commercial Realty Inc
List Price
$679,000
Sold Price
$665,000
Premium/Discount to List
-$14,000
-2.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.02%
Original Mortgage
$399,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 20, 2012
Closed on
Jan 16, 2013
Sold by
Yu Lauren H
Bought by
Yu Do Y
Seller's Agent
Jae Choi
Ivy Realty Co.
Buyer's Agent
Jae Choi
Ivy Realty Co.
List Price
$529,000
Sold Price
$465,000
Premium/Discount to List
-$64,000
-12.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.49%
Original Mortgage
$279,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 20, 2012
Closed on
Jan 8, 2013
Sold by
Denitto Albert M and The Albert M De Nitto Trust
Bought by
Yu Do Y
Seller's Agent
Jae Choi
Ivy Realty Co.
Buyer's Agent
Jae Choi
Ivy Realty Co.
List Price
$529,000
Sold Price
$465,000
Premium/Discount to List
-$64,000
-12.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2011
Sold by
Denitto Albert
Bought by
Denitto Albert M and Albert M De Nitto Trust

Purchase Details

Closed on
Sep 3, 2008
Sold by
Denitto Albert
Bought by
Denitto Albert
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 $950,000 Chicago Title Company
Interfamily Deed Transfer -- Provident Title Company
Interfamily Deed Transfer -- Provident Title Company
Interfamily Deed Transfer -- Provident Title
Interfamily Deed Transfer -- Provident Title
Grant Deed -- Provident Title
Grant Deed $665,000 Lawyers Title
Interfamily Deed Transfer -- Lawyers Title Co
Grant Deed $465,000 Lawyers Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $466,000 New Conventional
Previous Owner $665,000 New Conventional
Previous Owner $700,000 New Conventional
Previous Owner $399,000 Adjustable Rate Mortgage/ARM
Previous Owner $279,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Sold $950,000 -9.5% $308 / Sq Ft
06/30/2025 06/30/25 Pending -- -- --
03/24/2025 03/24/25 Price Changed $1,050,000 -8.7% $341 / Sq Ft
03/11/2025 03/11/25 For Sale $1,150,000 +72.9% $373 / Sq Ft
04/15/2015 04/15/15 Sold $665,000 -2.1% $216 / Sq Ft
02/10/2015 02/10/15 Pending -- -- --
01/30/2015 01/30/15 For Sale $679,000 +46.0% $220 / Sq Ft
01/24/2013 01/24/13 Sold $465,000 -12.1% $151 / Sq Ft
07/17/2012 07/17/12 Pending -- -- --
03/20/2012 03/20/12 For Sale $529,000 -- $172 / 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 $10,633 $854,736 $598,317 $256,419
2024 $10,633 $837,978 $586,586 $251,392
2023 $10,437 $821,548 $575,085 $246,463
2022 $9,968 $805,440 $563,809 $241,631
2021 $9,834 $789,648 $552,754 $236,894
2020 $9,930 $781,872 $547,087 $234,785
2019 $9,549 $766,548 $536,360 $230,188
2018 $9,373 $751,525 $525,844 $225,681
2016 $8,389 $675,140 $472,598 $202,542
2015 $5,939 $476,442 $450,828 $25,614
2014 $5,976 $467,110 $441,997 $25,113
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25509591

The MLS

APN: 5520-003-030