NOT LISTED FOR SALE

Estimated Value: $733,931 - $882,000

5 Beds
3 Baths
1,646 Sq Ft
$495/Sq Ft Est. Value

Last Sold August 17, 2019

Last sale price $685,000 $416 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,070/month

43 Days on Market

Highlights

  • Contemporary Architecture
  • Laundry Room
  • 5-minute walk to Julian C. Dixon Park
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

About This Home

As of August 2019

Completely remodeled duplex. Front unit is a 3 bedrooms 2 bathrooms and the back unit is 2 bedrooms and 1 bathroom within the Vermont Harbor Neighborhood. Very close to USC, Expo Line, museums, Olympic Coliseum, LAFC Stadium (Banc of California Stadium), Shopping, Schools and Library. New windows, new doors, new plumbing, new electrical, new paint, new Quartz Stone counter tops, new kitchen, bathrooms, and new flooring. Everything inside is modern and new. Insulation of the units are new. Laundry hook ups in each unit. MOVE-In Ready!

Two separate structures. Back unit is currently rented. Cap rate is estimated at 6.16% with actual and market rents. GREAT INVESTMENT FOR PRIMARY USE OR INVESTMENT!

Last Agent to Sell the Property

Tina Shin

Carta Investment, Inc. License #01754835 Listed on: 06/04/2019

Last Buyer's Agent

Byung Chung

Mega Realty License #02055494

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,133

Year Built

  • Built in 1921

Lot Details

  • 5,197 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Contemporary Architecture
  • Modern Architecture

Interior Spaces

  • 1,646 Sq Ft Home
  • Laminate Flooring

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities, pest control
  • Tax Lot 80
  • Tax Tract Number 2321
  • Assessor Parcel Number 5018017019

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $523
  • Trash Expense $500
  • New Taxes Expense $8,725
  • Operating Expense $9,748
  • Gross Income $52,800
  • Net Operating Income $3,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,133

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LARD2
  • Architectural Style: Contemporary, Modern
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5018017019
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 416.16
  • Room Type: Laundry

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Refrigerator
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5197.00
  • Lot Size Acres: 0.1193

Rental Info

  • Tenant Pays: All Utilities, Pest Control

Multi Family

  • Gross Income: 52800.00
  • Gross Scheduled Income: 5000.00
  • Insurance Expense: 523.00
  • Lot Size Area: 5197.0000 Square Feet
  • Net Operating Income: 3250.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 1750.00
  • Rent Control: Yes
  • Total Expenses: 9748.00

Tax Info

  • New Taxes Expense: 8725.00
  • Tax Lot: 80
  • Tax Tract: Vermont Place
  • Tax Tract Number: 2321.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2019
Closed on
Aug 15, 2019
Sold by
Padilla Jeffrey Carl Miralles
Bought by
Yoon Hyeok Jun
Seller's Agent
Tina Shin
Carta Investment, Inc.
Buyer's Agent
Byung Chung
Mega Realty
List Price
$698,000
Sold Price
$685,000
Premium/Discount to List
-$13,000
-1.86%
Current Estimated Value
$815,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,233
Avg. Annual Appreciation
2.88%
Original Mortgage
$485,000
Outstanding Balance
$423,848
Interest Rate
3.7%
Mortgage Type
FHA
Estimated Equity
$391,385

Purchase Details

Listed on
Jun 4, 2019
Closed on
Aug 13, 2019
Sold by
Hwang Jimmy
Bought by
Shin Tina T
Seller's Agent
Tina Shin
Carta Investment, Inc.
Buyer's Agent
Byung Chung
Mega Realty
List Price
$698,000
Sold Price
$685,000
Premium/Discount to List
-$13,000
-1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Outstanding Balance
$423,848
Interest Rate
3.7%
Mortgage Type
FHA
Estimated Equity
$391,385

Purchase Details

Listed on
Jun 4, 2019
Closed on
Jul 23, 2019
Sold by
Shin Harold and Shin Nancy Euiyo
Bought by
Pak Young Sook and Yoon Hyeok Jun
Seller's Agent
Tina Shin
Carta Investment, Inc.
Buyer's Agent
Byung Chung
Mega Realty
List Price
$698,000
Sold Price
$685,000
Premium/Discount to List
-$13,000
-1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Outstanding Balance
$423,848
Interest Rate
3.7%
Mortgage Type
FHA
Estimated Equity
$391,385

Purchase Details

Closed on
May 30, 2019
Sold by
Shin Harold and Shin Nancy Euiyo
Bought by
Shin Harold and Shin Nancy Euiyo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Outstanding Balance
$423,848
Interest Rate
3.7%
Mortgage Type
FHA
Estimated Equity
$391,385

Purchase Details

Closed on
Dec 21, 2018
Sold by
Chavez Josefa and Mejia Jose
Bought by
Shin Harold and Shin Nancy Euiyo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,499
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2008
Sold by
Zepeda Navarro Juan Zepeda and Zepeda Almaraz Concepcion
Bought by
Almaraz Maria Delrosario Zepeda

Purchase Details

Closed on
Sep 20, 2007
Sold by
Chavez Josefa
Bought by
Chavez Josefa and Mejia Jose

Purchase Details

Closed on
Oct 27, 2006
Sold by
Burrell Melvin and Burrell Rochelle
Bought by
Chavez Josefa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2006
Sold by
Haynes Lillian C and Lillian C Haynes Revocable Tru
Bought by
Burrell Melvin and Burrell Rochelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,500
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2003
Sold by
Haynes Lillian C
Bought by
Haynes Lillian C and The Lillian C Haynes Revocable
Source: Public Records

Range of Values:

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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
Yoon Hyeok Jun -- Pacific Coast Title Company
Pak Young Sook -- Pacific Coast Title Company
Shin Tina T -- Pacific Coast Title Company
Pak Young Sook $685,000 Pacific Coast Title Company
Shin Harold -- Provident Title Co
Shin Harold $490,000 Old Republic Title
Almaraz Maria Delrosario Zepeda -- None Available
Chavez Josefa -- Commerce Title
Chavez Josefa $530,000 Financial Title
Burrell Melvin $325,000 Alliance Title Company
Haynes Lillian C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pak Young Sook $485,000
Previous Owner Shin Harold $367,499
Previous Owner Chavez Josefa $424,000
Previous Owner Burrell Melvin $318,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/17/2019 08/17/19 Sold $685,000 -1.9% $416 / Sq Ft
06/04/2019 06/04/19 For Sale $698,000 +42.7% $424 / Sq Ft
03/01/2019 03/01/19 Sold $489,000 -0.2% $297 / Sq Ft View Prior Sale
12/28/2018 12/28/18 Pending -- -- --
10/17/2018 10/17/18 For Sale $489,999 -- $298 / 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 $9,133 $749,143 $546,820 $202,323
2024 $9,133 $734,455 $536,099 $198,356
2023 $8,962 $720,055 $525,588 $194,467
2022 $8,552 $705,937 $515,283 $190,654
2021 $8,442 $692,096 $505,180 $186,916
2020 $8,527 $685,000 $500,000 $185,000
2019 $7,699 $636,545 $480,414 $156,131
2018 $7,601 $624,065 $470,995 $153,070
2016 $4,821 $395,000 $280,000 $115,000
2015 $4,404 $360,000 $250,000 $110,000
2014 $4,028 $320,000 $163,300 $156,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19129312

California Regional Multiple Listing Service (CRMLS)

APN: 5018-017-019