$1,250,000
SOLD OCT 18, 2024
9 Beds
6 Baths
4,061 Sq Ft
5,407 Sq Ft Lot

Recently Sold

$308 Per Sq Ft

24% Below List Price

54 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 3 Car Garage
  • Double Pane Windows
  • Central Heating and Cooling System
  • Wrought Iron Fence

About This Home

As of October 2024

Rare opportunity to acquire a triplex located on a street to street lot in the rapidly developing Chinatown Neighborhood. This thoughtfully upgraded multi-family triplex presents an excellent opportunity for investors and/or owner-users looking to reside in one unit while generating rental income from the others. This property is conveniently situated just two blocks away from the Alpine Recreation Center, offering amenities such as a basketball court and children's playground. It provides easy access to major freeways including the 110, 101, and 5, and is only a few blocks from N Broadway with quick access to Downtown Los Angeles.

Last Agent to Sell the Property

Pearl Chen

Compass Brokerage Email: pearl.chen@compass.com License #01005527 Listed on: 07/11/2024

Compass

Last Buyer's Agent

Pearl Chen

Compass Brokerage Email: pearl.chen@compass.com License #01005527 Listed on: 07/11/2024

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,736

Year Built

  • Built in 1966

Lot Details

  • 5,407 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Chain Link Fence
  • Corner Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Combination Of Materials Used In The Driveway

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 4,061 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection, water
  • Legal Lot and Block 7 / 6
  • Tax Tract Number 2
  • Assessor Parcel Number 5407008007
  • $1,381 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,700
  • Water Sewer Expense $2,500
  • Operating Expense $4,200
  • Gross Income $110,400
  • Net Operating Income $106,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,736

Year Built

Built in 1966

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Price Per Unit: 400000
  • Property Attached: No
  • Water Sewer Expenses: 2500.00
  • Zoning: LAR4
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5407008007
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 307.81
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Wrought Iron
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway - Combination, Concrete, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5407.00
  • Lot Size Acres: 0.1241

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Gross Income: 110400.00
  • Gross Scheduled Income: 110400.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 5407.0000 Square Feet
  • Net Operating Income: 106200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Number With Carpet: 1
  • Number With Dishwasher: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 4200.00
  • Rent Control: Yes
  • Total Expenses: 4200.00

Tax Info

  • Tax Block: 6
  • Tax Lot: 7
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 1380.54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2020
Sold by
Young Wong Elaine K
Bought by
Young Leonard G and Young Benson G
Current Estimated Value
$1,279,390

Purchase Details

Closed on
Feb 7, 2020
Sold by
Vidaurre Milton M
Bought by
Vidaurre Pamela An

Purchase Details

Closed on
Feb 6, 2020
Sold by
Young Min Chen
Bought by
Young Benson G

Purchase Details

Closed on
Dec 12, 2002
Sold by
Young Elaine Que
Bought by
Young Elaine and Elaine Young Living Trust
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
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Sold $1,250,000 +4.2% $308 / Sq Ft
09/03/2024 09/03/24 Pending -- -- --
08/09/2024 08/09/24 Price Changed $1,200,000 -27.3% $295 / Sq Ft
07/11/2024 07/11/24 For Sale $1,650,000 -- $406 / 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 $16,736 $1,250,000 $650,000 $600,000
2024 $16,736 $1,283,536 $643,320 $640,216
2023 $16,389 $1,258,369 $630,706 $627,663
2022 $16,049 $1,269,656 $649,256 $620,400
2021 $6,306 $368,796 $172,956 $195,840
2020 $4,898 $365,015 $171,183 $193,832
2019 $2,588 $120,170 $57,117 $63,053
2018 $2,441 $117,815 $55,998 $61,817
2016 $2,252 $113,241 $53,824 $59,417
2015 $2,201 $111,541 $53,016 $58,525
2014 $2,196 $109,357 $51,978 $57,379
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24142131

California Regional Multiple Listing Service (CRMLS)

APN: 5407-008-007