NOT LISTED FOR SALE

Estimated Value: $1,133,038 - $1,494,000

8 Beds
5 Baths
3,358 Sq Ft
$377/Sq Ft Est. Value

Last Sold August 04, 2016

Last sale price $680,000 $203 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $7,443/month

13 Days on Market

Highlights

  • Wood Flooring
  • Paved or Partially Paved Lot
  • Wall Furnace
  • Tile Countertops

About This Home

As of August 2016

Excellent 2 story buildings in Downtown LA. Wood frame construction. The units feature carpet and/or vinyl flooring and wall heater
The kitchens feature ample cabinets and counter space. Consists of (1) 3 bedrooms + 1 bath, (1) 2 bedrooms + 1 bath + office/rec room, (1) 2 bedrooms + 1 bath, and (1) 1 bedroom + 1 bath. Subject has 2 buildings front building consists of 3 units and rear building is newer apartment built over 4 car garage. Rear building was built in 1989 and is not subject to rent control. Actual gross income of $57,696. May rent 2 garages as storage space for additional $200/month. The property is set on a 6,482 sq ft (per assessor) lot. The apartments have varying floor plans. Please see supplements for offering memorandum and rent roll.

Last Agent to Sell the Property

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 05/25/2016

Keller Williams Realty Calabasas

Last Buyer's Agent

Augustin Joo

California Bridge Realty License #01360043

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,482 Sq Ft Lot
  • 1 Common Wall
  • No Landscaping
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage

Home Design

  • Property Attached
  • Shingle Roof
  • Composition Roof
  • Partial Copper Plumbing

Interior Spaces

  • 3,358 Sq Ft Home
  • 2-Story Property

Kitchen

  • Tile Countertops
  • Formica Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 92
  • Assessor Parcel Number 5128019002

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,603
  • Water Sewer Expense $4,873
  • Gross Income $4,408
  • Net Operating Income $43,272

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 4873.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 5128019002
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters, Copper Plumbing Partial, Tile Counters, Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 202.50

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Water Heater
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: No Landscaping, Paved
  • Lot Size Sq Ft: 6482.00
  • Price Per Lot Square Foot: 104.91

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4408.00
  • Gross Multiplier: 11.78
  • Gross Scheduled Income: 57696.00
  • Insurance Expense: 1603.00
  • Net Operating Income: 43272.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 14424.00
  • Rent Control: Yes
  • Total Actual Rent: 4408.00

Tax Info

  • Tax Lot: 92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2017
Sold by
Hwang In Hoon
Bought by
Hwang In Hoon and Hwang Susy
Current Estimated Value
$1,266,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Outstanding Balance
$377,483
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$889,027

Purchase Details

Listed on
May 25, 2016
Closed on
Jul 28, 2016
Sold by
Hwang Susy
Bought by
Hwang In Hoon
Seller's Agent
Anie Mayelian
Keller Williams Realty Calabasas
Buyer's Agent
Augustin Joo
California Bridge Realty
List Price
$679,500
Sold Price
$680,000
Premium/Discount to List
$500
0.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%
Original Mortgage
$325,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 25, 2016
Closed on
Jun 29, 2016
Sold by
Balderas Juan
Bought by
Hwang In Hoon
Seller's Agent
Anie Mayelian
Keller Williams Realty Calabasas
Buyer's Agent
Augustin Joo
California Bridge Realty
List Price
$679,500
Sold Price
$680,000
Premium/Discount to List
$500
0.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2012
Sold by
Balderas Martha
Bought by
Balderas Juan

Purchase Details

Closed on
Oct 11, 2006
Sold by
Balderas Juan
Bought by
Balderas Juan and Balderas Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 2005
Sold by
Ramirez Cesar
Bought by
Balderas Juan and Balderas Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
6.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 10, 2005
Sold by
Beltran Javier Castillo
Bought by
Ramirez Cesar

Purchase Details

Closed on
Feb 8, 2005
Sold by
Ramirez Cesar
Bought by
Beltran Javier Castillo

Purchase Details

Closed on
Jun 22, 2004
Sold by
Avila Marta
Bought by
Ramirez Cesar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$491,290
Interest Rate
6.27%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 14, 2003
Sold by
Avila Marta and Cifuentes Walter
Bought by
Avila Marta

Purchase Details

Closed on
Apr 3, 2002
Sold by
Govea Joel
Bought by
Avila Marta and Miranda Nolberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7.75%

Purchase Details

Closed on
Dec 15, 2000
Sold by
Govea Roberto
Bought by
Govea Joel

Purchase Details

Closed on
Feb 4, 1994
Sold by
Govea Alma
Bought by
Govea Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
7.1%

Purchase Details

Closed on
Jan 31, 1994
Sold by
Govea Joel
Bought by
Govea Joel and Govea Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
7.1%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hwang In Hoon -- Nextitle
Hwang In Hoon -- First American Title
Hwang In Hoon $680,000 Fatcola
Balderas Juan -- Accommodation
Balderas Juan -- Stewart Title Company
Balderas Juan -- Stewart Title Company
Balderas Juan -- Stewart Title Company
Balderas Juan $650,000 Ticor Title Co Glendale
Ramirez Cesar -- --
Beltran Javier Castillo -- --
Ramirez Cesar $499,000 Stewart Title Company
Avila Marta -- --
Avila Marta $285,000 Commonwealth Title
Govea Joel -- --
Govea Joel -- Orange Coast Title
Govea Joel -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hwang In Hoon $455,000
Closed Hwang In Hoon $325,000
Previous Owner Balderas Juan $573,000
Previous Owner Balderas Juan $455,000
Previous Owner Ramirez Cesar $491,290
Previous Owner Avila Marta $224,000
Previous Owner Govea Joel $164,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2016 08/04/16 Sold $680,000 +0.1% $203 / Sq Ft
06/07/2016 06/07/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $679,500 -- $202 / 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 $9,853 $789,192 $406,201 $382,991
2024 $9,853 $773,719 $398,237 $375,482
2023 $9,668 $758,549 $390,429 $368,120
2022 $9,230 $743,676 $382,774 $360,902
2021 $9,106 $729,095 $375,269 $353,826
2020 $9,193 $721,620 $371,422 $350,198
2019 $8,840 $707,472 $364,140 $343,332
2018 $8,716 $693,600 $357,000 $336,600
2016 $6,659 $528,000 $242,600 $285,400
2015 $5,813 $457,000 $210,000 $247,000
2014 $5,966 $457,000 $210,000 $247,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16111621

California Regional Multiple Listing Service (CRMLS)

APN: 5128-019-002