NOT LISTED FOR SALE

6901 N Figueroa St Los Angeles, CA 90042

4 Beds
4 Baths
3,558 Sq Ft
6,991 Sq Ft Lot

Last Sold December 31, 2014

Last sale price $753,000 $212 Per Sq Ft

79 Days on Market

About This Home

As of December 2014

Property has 2 Parcels located at 6901 & 6905 N. Figueroa St., Highland Park. Great Investment! Major renovation and updated in 2009 including New Roof, New Electrical, New Plumbing to copper pipes, and part of sewer lines. It is a Residential and Commercial mixed use Income Property.
It consists of 2,300 sq. ft. commercial building with a Convenient store and a Restaurant on street front with 10 years lease in place. Convenient Store has Beer and Wine License, lottery. And two rental units ,4 bedrooms/2 baths and a studio .Collecting combined rent close to $5,000. Tenants pay for their own gas, electricity, water & trash. What a deal!
Very well maintained with Owner's pride. Corner lot property located at signal light intersection in front of bus stop. Centrally located. Close to South Pasadena. Near Downtown Los Angeles, USC Medical Center, Chinatown, LA Union Station, Dodger Stadium, Rose Bowl Stadium etc... Great Income! Huge potential!

Last Agent to Sell the Property

Iris Lam

Century 21 Masters License #01221911 Listed on: 09/01/2014

Century 21 Masters

Co-Listed By

Joe Tseng

TREELINE REALTY

Last Buyer's Agent

Louie Yeh

KO TAI REALTY License #01042062

KO TAI REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,124

Year Built

  • Built in 2009

Lot Details

  • 6,991 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 4 Parking Spaces

Home Design

  • 3,558 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 1
  • Tax Tract Number 1478
  • Assessor Parcel Number 5480001017

Community Details

Overview

  • 2 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,000
  • New Taxes Expense $9,500
  • Gross Income $4,950
  • Net Operating Income $47,925

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,124

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5480001017
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 211.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 6991.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 4950.00
  • Gross Scheduled Income: 59400.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6991.0000 Square Feet
  • Net Operating Income: 47925.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 2
  • Operating Expense: 11500.00
  • Rent Control: Yes
  • Total Actual Rent: 4950.00

Tax Info

  • New Taxes Expense: 9500.00
  • Tax Lot: 1
  • Tax Tract Number: 1478
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2014
Closed on
Nov 20, 2014
Sold by
Chang Uy Kuong
Bought by
Mei Lan Llc
Seller's Agent
Iris Lam
Century 21 Masters
Buyer's Agent
Louie Yeh
KO TAI REALTY
List Price
$778,000
Sold Price
$753,000
Premium/Discount to List
-$25,000
-3.21%

Purchase Details

Closed on
Jul 13, 2002
Sold by
Lim Kheng Sok
Bought by
Chang Uy Kuong

Purchase Details

Closed on
Oct 16, 2001
Sold by
Lew Kam Siu
Bought by
Chang Uy Kuong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,100
Interest Rate
6.71%
Mortgage Type
Commercial
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
Mei Lan Llc $753,000 Chicago Title Company
Chang Uy Kuong -- Commonwealth Land Title
Chang Uy Kuong $159,000 Commonwealth Land Title Co
Chang Uy Kuong $159,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chang Uy Kuong $143,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2014 12/31/14 Sold $753,000 -3.2% $212 / Sq Ft
11/19/2014 11/19/14 Pending -- -- --
09/01/2014 09/01/14 For Sale $778,000 -- $219 / 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
2025 $6,124 $468,713 $336,514 $132,199
2024 $6,124 $459,523 $329,916 $129,607
2023 $6,004 $450,514 $323,448 $127,066
2022 $5,722 $441,681 $317,106 $124,575
2021 $5,638 $433,022 $310,889 $122,133
2019 $5,467 $420,180 $301,669 $118,511
2018 $5,372 $411,942 $295,754 $116,188
2016 $5,119 $395,947 $284,270 $111,677
2015 $5,047 $390,000 $280,000 $110,000
2014 $2,692 $187,846 $164,222 $23,624
Source: Public Records

Agents Affiliated with this Home

  • Iris Lam

    Seller's Agent in 2014

    Iris Lam

    Century 21 Masters

    (626) 373-7090

    39 Total Sales

    Iris Lam
    Section Image
  • Joe Tseng

    Seller Co-Listing Agent in 2014

    Joe Tseng

    TREELINE REALTY

    (626) 203-3306

    18 Total Sales

    Joe Tseng
    Section Image

  • L

    Buyer's Agent in 2014

    Louie Yeh

    KO TAI REALTY

    (626) 285-8333

    1 Total Sale

    Louie Yeh
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14211366

California Regional Multiple Listing Service (CRMLS)

APN: 5480-001-017

California Los Angeles County Los Angeles 90042

6901 N Figueroa St, Los Angeles, CA

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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

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