NOT LISTED FOR SALE

823 E Adams Blvd Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $813,658 - $933,000

8 Beds
4 Baths
3,618 Sq Ft
$241/Sq Ft Est. Value

Last Sold August 02, 2023

Last sale price $770,000 $213 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,495/month

22 Days on Market

About This Home

As of August 2023

GREAT INCOME OPPORTUNITY IN A HIGH DEMAND AREA!! FRONT UNIT HAS 7 BEDROOMS 3 BATHROOMS!! 2 REAR UNITS 1 BEDROOM 1 BATHROOM EACH!! STORAGE IN THE BACK!! CLOSE TO DOWNTOWN AND FREEWAYS!!

Last Agent to Sell the Property

JORGE PEREZ

PONCE & PONCE REALTY, INC License #02194071 Listed on: 03/15/2023

PONCE & PONCE REALTY, INC

Last Buyer's Agent

Myung Shin

Max Mega Group License #01857653

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,254

Year Built

  • Built in 1958

Lot Details

  • 7,496 Sq Ft Lot
  • No Common Walls

Home Design

  • 3,618 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 20 / B
  • Tax Tract Number 4
  • Assessor Parcel Number 5131025021
  • $1,009 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Other Expense $15,000
  • Operating Expense $17,000
  • Gross Income $78,000
  • Net Operating Income $61,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,254

Year Built

Built in 1958

Lot Details

0

Listing Details

  • CapRate: 7.60
  • Price Per Unit: 266667
  • Property Attached: No
  • Zoning: LARD1.5
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5131025021
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 212.82

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7496.00
  • Lot Size Acres: 0.1721

Multi Family

  • Gross Income: 78000.00
  • Gross Scheduled Income: 78000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7496.0000 Square Feet
  • Net Operating Income: 61000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 17000.00
  • Other Expense: 15000.00
  • Rent Control: Yes
  • Total Expenses: 17000.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 2264.20
  • Tax Lot: 20
  • Tax Tract Number: 4
  • TaxOtherAnnualAssessmentAmount: 1009.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2023
Closed on
Jun 22, 2023
Sold by
Penny Liv 2016 Llc
Bought by
Lee Sang Cheon and Lee Chung Ilee
Seller's Agent
JORGE PEREZ
PONCE & PONCE REALTY, INC
Buyer's Agent
Myung Shin
Max Mega Group
List Price
$800,000
Sold Price
$770,000
Premium/Discount to List
-$30,000
-3.75%
Views
133
Current Estimated Value
$870,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,915
Avg. Annual Appreciation
6.06%

Purchase Details

Closed on
Feb 28, 2022
Sold by
Maria Rios
Bought by
Penny Liv 2016 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2019
Sold by
Rios Maria
Bought by
Penny Liv 2016 Llc

Purchase Details

Closed on
Apr 12, 2013
Sold by
Rios Maria Luisa
Bought by
Rios Maria
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
Lee Sang Cheon $770,000 Lawyers Title Company
Penny Liv 2016 Llc -- Accommodation/Courtesy Recordi
Rios Marla -- Clearmark Title
Penny Liv 2016 Llc -- None Available
Rios Maria -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Penny Liv 2016 Llc $300,000
Previous Owner Rios Juan $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2023 08/02/23 Sold $770,000 -3.8% $213 / Sq Ft
07/05/2023 07/05/23 For Sale $800,000 0.0% $221 / Sq Ft
04/06/2023 04/06/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $800,000 -- $221 / 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 $10,254 $785,400 $535,500 $249,900
2024 $10,254 $770,000 $525,000 $245,000
2023 $4,412 $283,053 $97,794 $185,259
2022 $4,243 $277,504 $95,877 $181,627
2021 $4,178 $272,064 $93,998 $178,066
2020 $4,207 $269,276 $93,035 $176,241
2019 $4,076 $263,997 $91,211 $172,786
2018 $3,938 $258,822 $89,423 $169,399
2016 $3,703 $248,773 $85,951 $162,822
2015 $3,659 $245,037 $84,660 $160,377
2014 $3,690 $240,238 $83,002 $157,236
Source: Public Records

Agents Affiliated with this Home

  • JORGE PEREZ

    Seller's Agent in 2023

    JORGE PEREZ

    PONCE & PONCE REALTY, INC

    (310) 750-8457

    1 in this area

    21 Total Sales

    JORGE PEREZ
    Section Image

  • M

    Buyer's Agent in 2023

    Myung Shin

    RE/MAX

    1 in this area

    7 Total Sales

    Myung Shin
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV23041664

California Regional Multiple Listing Service (CRMLS)

APN: 5131-025-021

California Los Angeles County Los Angeles 90011 Historic South Central

823 E Adams Blvd, Los Angeles, CA

This home is located at 823 E Adams Blvd, Los Angeles, CA 90011 since 15 March 2023 and is currently estimated at $870,915, approximately $240 per square foot. This property was built in 1958. 823 E Adams Blvd is a home located in Los Angeles County with nearby schools including Twenty-Eighth Street Elementary School, John Adams Middle School, and Santee Education Complex.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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