NOT LISTED FOR SALE
10 Beds
5 Baths
3,210 Sq Ft
6,062 Sq Ft Lot

Sale Details

Date Sold: January 11, 2021

Last sale price $1,325,000 $413 Per Sq Ft

76 Days on Market

Highlights

  • Built in 1924 | Newly Remodeled
  • Tankless Water Heater
  • 5-minute walk to 49th Street Park

About This Home

As of January 2021

GROUND-UP RENOVATION COMPLETED 2020: ALL SYSTEMS UPGRADED. Presented for sale is a 5-unit apartment building located in the South Park neighborhood of Los Angeles, CA, just an 8-minute drive to USC. The two structures, both individually metered for gas & electric, consist of an SFR (2 bedroom + 1 bathroom), and a FOURPLEX (one 3 bedroom + 1 bathroom unit, two 2 bedroom + 1 bathroom units, and one 1 bedroom + 1 bathroom unit). UPGRADES INCLUDE NEW: roof, windows, stucco, electrical, plumbing, tankless water heaters, flooring, kitchens, bathrooms, low-maintenance landscaping, security cameras, awnings, a/c units, etc. Fully-occupied, stabilized, strong cash-flow. Some tenants Section 8. Great 1031 Exchange property.

Last Agent to Sell the Property

Zachary Krasman

Compass License #01814990 Listed on: 07/25/2020

Compass

Last Buyer's Agent

Juan Michael

Forward Real Estate License #01830409

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924 | Newly Remodeled

Lot Details

  • 6,062 Sq Ft Lot
  • Lot Dimensions are 40x150

Home Design

  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Stucco

Interior Spaces

  • 3,210 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Window Unit Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5108-013-005

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1924 | Newly Remodeled

Lot Details

6,062 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Building Permit: Yes
  • Living Area: 3210
  • Lot Acreage: 0.1392
  • Lot Dimensions: 40x150
  • Price Per Unit: 279800.00
  • Probate: No
  • Property Condition: New Construction, Additions/Alter, Repairs Major, Repair Cosmetic, Updated/Remodeled
  • Stories: 2
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 435.83

Exterior Features

  • Construction: Stucco
  • Other Structures: None
  • Paved: Yes
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 5
  • Total Parking: 5

Utilities

  • Water Heater: Tankless
  • Cooling: Window Unit(s)
  • Heating: Combination
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 62.50
  • Assessed Improvement Value: 265259
  • Assessed Land Percent: 37.5
  • Assessed Land Value: 159154
  • Total Assessed Value: 424413
  • Assessor Parcel Number: 5108-013-005
  • Lot Size Area: 6062

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 10.20
  • Number Of Units: 5
  • Rent Control: 100
  • Type Of Units: Multifamily
  • Vacancy Allow Percent: 3.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2020
Closed on
Dec 29, 2020
Sold by
Bought by
Seller's Agent
Zachary Krasman
Compass
Buyer's Agent
Juan Michael
Forward Real Estate
List Price
$1,675,000
Sold Price
$1,325,000
Premium/Discount to List
-$350,000
-20.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$927,500
Interest Rate
0.027%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 8, 2018
Closed on
Jan 17, 2019
Sold by
Bought by
Seller's Agent
Anthony Arana
Executive Bankers Realty
Buyer's Agent
Anthony Arana
Executive Bankers Realty
List Price
$650,000
Sold Price
$565,000
Premium/Discount to List
-$85,000
-13.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.24%
Original Mortgage
$424,000
Interest Rate
0.045%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 10, 2010
Closed on
Dec 10, 2012
Sold by
Bought by
Seller's Agent
Teri McHugh
Teri Michelle McHugh
Buyer's Agent
Teri McHugh
Teri Michelle McHugh
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.77%
Original Mortgage
$400,000
Interest Rate
0.0337%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2007
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,325,000 Fidelity National Title
$565,000 Lawyers Title Co
$400,000 Provident Title
-- Provident Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $742,000
Closed $927,500
Previous Owner $598,000
Previous Owner $424,000
Previous Owner $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/11/2021 01/11/21 Sold $1,325,000 -5.3% $413 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
10/05/2020 10/05/20 Price Changed $1,399,000 -11.2% $436 / Sq Ft
08/06/2020 08/06/20 Price Changed $1,575,000 -6.0% $491 / Sq Ft
07/25/2020 07/25/20 For Sale $1,675,000 +196.5% $522 / Sq Ft
02/15/2019 02/15/19 Sold $565,000 -8.9% $176 / Sq Ft View Prior Sale
01/21/2019 01/21/19 Pending -- -- --
11/29/2018 11/29/18 Price Changed $620,000 -4.6% $193 / Sq Ft
11/08/2018 11/08/18 For Sale $650,000 +62.5% $202 / Sq Ft
12/21/2012 12/21/12 Sold $400,000 -11.1% $599 / Sq Ft View Prior Sale
12/03/2012 12/03/12 Pending -- -- --
01/10/2010 01/10/10 For Sale $450,000 -- $674 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $17,974 $1,434,220 $649,458 $784,762
2024 $17,756 $1,406,099 $636,724 $769,375
2023 $17,422 $1,378,530 $624,240 $754,290
2022 $16,632 $1,351,500 $612,000 $739,500
2021 $8,268 $630,706 $412,226 $218,480
2020 $8,354 $624,240 $408,000 $216,240
2019 $6,047 $441,558 $165,583 $275,975
2018 $5,943 $432,901 $162,337 $270,564
2016 $5,627 $416,092 $156,034 $260,058
2015 $5,553 $409,843 $153,691 $256,152
2014 $5,602 $401,816 $150,681 $251,135
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 20-609460

The MLS
Your Personal Tour Guide

Ask me questions while you tour the home.