NOT LISTED FOR SALE

Estimated Value: $1,129,000 - $1,224,933

5 Beds
4 Baths
4,219 Sq Ft
$282/Sq Ft Est. Value

Last Sold July 10, 2014

Last sale price $550,000 $130 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $7,075/month

144 Days on Market

About This Home

As of July 2014

Reduced price. Motivated seller. Two(2) Building in a lot as 2 mailing addresses: (1) 856 E. 22nd. St and (2) 2205 S. Stanford Ave. Los Angeles, CA 90011Good opportunity to buy best investment in Downtown LA. Front Unit: 1901 year built, 2bed/1bath, 1503sf per assessor, and Side Unit: 2004 year built, 3bed/3bath, 2716sf per assessor. Very convenient and quiet area to live. Very close to Freeway 10, Market and downtown Malls. Good income with very long terms tenants. Buyer to verify all property information. Drive by only. No sign on property.

Last Agent to Sell the Property

Joseph Keongwhan Min

New Star Realty License #01380749 Listed on: 01/30/2014

New Star Realty

Co-Listed By

Kyoung Ok Kim

New Star Realty License #01752500

Last Buyer's Agent

Joseph Keongwhan Min

New Star Realty License #01380749 Listed on: 01/30/2014

New Star Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,423

Year Built

  • Built in 2004

Lot Details

  • 7,256 Sq Ft Lot
  • Lot Dimensions are 50x145

Interior Spaces

  • 4,219 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Private Parking

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5131-017-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,423

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4219
  • Lot Dimensions: 50X145
  • Stories: 1
  • Year Built: 2004
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 138.66

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Private
  • Total Parking: 6

Lot Info

  • Assessed Improvement Percent: 62.05
  • Assessed Improvement Value: 327000
  • Assessed Land Value: 200000
  • Assessor Parcel Number: 5131-017-011
  • Geocode Override: No
  • Lot Size Area: 7256

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.50
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: 2
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2025
Sold by
Chin Susan
Bought by
Susan Chin Living Trust and Chin
Current Estimated Value
$1,189,983

Purchase Details

Closed on
Apr 4, 2017
Sold by
Lim Teresa
Bought by
Kim Joanne K and Chin Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,750
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 30, 2014
Closed on
Jun 26, 2014
Sold by
Kwon Yul
Bought by
Lim Teresa
Seller's Agent
Joseph Keongwhan Min
New Star Realty
Buyer's Agent
Joseph Keongwhan Min
New Star Realty
List Price
$595,000
Sold Price
$550,000
Premium/Discount to List
-$45,000
-7.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%
Original Mortgage
$275,000
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 28, 2012
Closed on
Oct 11, 2012
Sold by
Oh Eun Joon and 2007 Eun Joo Oh Trust
Bought by
Kwon Yul
Seller's Agent
Chris Um
Omni Realty & Investment Group
Buyer's Agent
Byung Yu
Byung Kook Yu
List Price
$385,000
Sold Price
$339,500
Premium/Discount to List
-$45,500
-11.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.45%
Original Mortgage
$254,625
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2012
Sold by
Lee Hee Soon
Bought by
Kwon Yul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,625
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2008
Sold by
Oh Eun Joo
Bought by
Oh Eun Joo and 2007 Eun Joo Oh Trust

Purchase Details

Closed on
May 13, 2005
Sold by
Arenas Simon and Arenas Dominga
Bought by
Oh Eun Joo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 3, 1998
Sold by
Lauria Robert and Lauria Alfred S
Bought by
Arenas Simon and Arenas Dominga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
7.17%
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
Susan Chin Living Trust -- None Listed On Document
Kim Joanne K $645,000 Ticor Title Co
Lim Teresa $550,000 Fidelity National Title
Kwon Yul $339,500 First American Title Company
Kwon Yul -- First American Title Company
Oh Eun Joo -- None Available
Oh Eun Joo $720,000 Fidelity National Title
Arenas Simon $97,500 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim Joanne K $483,750
Previous Owner Lim Teresa $275,000
Previous Owner Kwon Yul $254,625
Previous Owner Oh Eun Joo $576,000
Previous Owner Arenas Simon $85,500
Closed Oh Eun Joo $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/10/2014 07/10/14 Sold $550,000 -7.6% $130 / Sq Ft
06/23/2014 06/23/14 Pending -- -- --
01/30/2014 01/30/14 For Sale $595,000 +75.3% $141 / Sq Ft
12/05/2012 12/05/12 Sold $339,500 -11.8% $226 / Sq Ft View Prior Sale
10/02/2012 10/02/12 Pending -- -- --
06/28/2012 06/28/12 For Sale $385,000 -- $256 / Sq Ft
Source: The MLS

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 $9,423 $748,571 $417,807 $330,764
2024 $9,423 $733,894 $409,615 $324,279
2023 $9,249 $719,505 $401,584 $317,921
2022 $8,832 $705,398 $393,710 $311,688
2021 $8,705 $691,568 $385,991 $305,577
2020 $8,787 $684,478 $382,034 $302,444
2019 $8,452 $671,058 $374,544 $296,514
2018 $8,283 $657,900 $367,200 $290,700
2016 $7,003 $558,387 $223,355 $335,032
2015 $6,904 $550,000 $220,000 $330,000
2014 $4,520 $341,041 $200,908 $140,133
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-733833

The MLS

APN: 5131-017-011