8740 Grape St Los Angeles, CA 90002
Estimated Value: $560,000 - $656,422
3
Beds
1
Bath
1,148
Sq Ft
$516/Sq Ft
Est. Value
Highlights
- Craftsman Architecture
- Corner Lot
- Formal Dining Room
- Property is near a park
- No HOA
- Front Porch
About This Home
As of July 2023Numerous opportunities arise with this handyman special on a large, R2-zoned lot! Centrally located, this 1,148 sq ft home sits atop a 6,716 sq ft corner lot with 50' x 135' lot dimensions. Providing many opportunities for the first-time buyer or savvy investor to generate additional income by building an ADU, 2nd home, or converting the existing home into a front-back duplex. Don’t let this opportunity pass you by.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,164
Year Built
- Built in 1922
Lot Details
- 6,716 Sq Ft Lot
- Chain Link Fence
- Corner Lot
- Property is zoned LCR2*
Parking
- 2 Car Garage
- Parking Available
- Driveway
- Off-Street Parking
Home Design
- Craftsman Architecture
- Cosmetic Repairs Needed
- Raised Foundation
- Asbestos Shingle Roof
Interior Spaces
- 1,148 Sq Ft Home
- 1-Story Property
- Window Screens
- Living Room
- Formal Dining Room
- Laundry Room
Kitchen
- Gas Oven
- Tile Countertops
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
Home Security
- Window Bars
- Fire and Smoke Detector
Outdoor Features
- Patio
- Exterior Lighting
- Front Porch
Location
- Property is near a park
- Property is near public transit
Utilities
- Wall Furnace
- Natural Gas Connected
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 21 / 1198
- Tax Tract Number 11983
- Assessor Parcel Number 6045010011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 27, 2023
Closed on
Jul 7, 2023
Sold by
Kim Ok Hee
Bought by
Kim Michael Taek
Seller's Agent
Jason Lowery
Compass
Buyer's Agent
Mi Jeong Stella Kim
Mi Jeong Kim
List Price
$498,000
Sold Price
$540,000
Premium/Discount to List
$42,000
8.43%
Views
142
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
$52,606
Avg. Annual Appreciation
4.91%
Original Mortgage
$432,000
Outstanding Balance
$426,092
Interest Rate
8.75%
Mortgage Type
New Conventional
Estimated Equity
$166,514
Purchase Details
Listed on
May 27, 2023
Closed on
Jun 16, 2023
Sold by
Darensbourg Jerry Lee and Gardner George Otto
Bought by
Kim Michael Taek
Seller's Agent
Jason Lowery
Compass
Buyer's Agent
Mi Jeong Stella Kim
Mi Jeong Kim
List Price
$498,000
Sold Price
$540,000
Premium/Discount to List
$42,000
8.43%
Views
142
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Outstanding Balance
$426,092
Interest Rate
8.75%
Mortgage Type
New Conventional
Estimated Equity
$166,514
Similar Homes in the area
Create a Home Valuation Report for This Property
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 |
|---|---|---|---|
| Kim Michael Taek | -- | Consumers Title Company | |
| Kim Michael Taek | $540,000 | Consumers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kim Michael Taek | $432,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/13/2023 07/13/23 | Sold | $540,000 | 0.0% | $470 / Sq Ft |
| 06/09/2023 06/09/23 | Off Market | $540,000 | -- | -- |
| 06/07/2023 06/07/23 | Pending | -- | -- | -- |
| 05/29/2023 05/29/23 | For Sale | $498,000 | -- | $434 / 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 | $7,164 | $540,000 | $432,000 | $108,000 |
| 2023 | $1,480 | $68,243 | $19,837 | $48,406 |
| 2022 | $1,430 | $66,906 | $19,449 | $47,457 |
| 2021 | $1,408 | $65,595 | $19,068 | $46,527 |
| 2019 | $1,372 | $63,651 | $18,503 | $45,148 |
| 2018 | $1,308 | $62,404 | $18,141 | $44,263 |
| 2016 | $1,242 | $59,984 | $17,438 | $42,546 |
| 2015 | $1,225 | $59,084 | $17,177 | $41,907 |
| 2014 | $1,228 | $57,928 | $16,841 | $41,087 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Lowery
Seller's Agent in 2023
Jason Lowery
Compass
(323) 393-0723
1 in this area
110 Total Sales
-
Mi Jeong Stella Kim
M
Buyer's Agent in 2023
Mi Jeong Stella Kim
Mi Jeong Kim
(714) 853-9397
1 in this area
39 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23090389
APN: 6045-010-011
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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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