823 E Adams Blvd Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated Value: $800,000 - $858,000
8
Beds
4
Baths
3,618
Sq Ft
$229/Sq Ft
Est. Value
About This Home
As of August 2023GREAT 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
PONCE & PONCE REALTY, INC License #02194071 Listed on: 03/15/2023
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
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%
Total Days on Market
22
Views
133
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,403
Avg. Annual Appreciation
4.01%
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
Similar Homes in Los Angeles, CA
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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
Average Home Value in this Area
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
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 |
|---|---|---|---|---|
| 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
20 Total Sales
-
Myung Shin
M
Buyer's Agent in 2023
Myung Shin
RE/MAX
1 in this area
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: EV23041664
APN: 5131-025-021
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