NOT LISTED FOR SALE

Estimated Value: $808,000 - $1,746,000

10 Beds
6 Baths
4,037 Sq Ft
$373/Sq Ft Est. Value

Last Sold August 24, 2021

Last sale price $1,320,000 $327 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $9,288/month

39 Days on Market

About This Home

As of August 2021

Take a look at this new modern duplex in a very desired location in Los Angeles. The floor is NEW laminated and there is new recessed lightings. The kitchen had a newly installed backsplash with quart countertops! This very desirable and beautiful property is an income producing duplex and has (1) 5-Bedroom / 3-Bathroom unit and one (1) 5-Bedroom / 3-Bathroom. In the rear of the property is a two car garage as well. There is enough space for additional cars to park on the side of the property. I’m addition, There is no rent control. Take a look at this dream property !!

Last Agent to Sell the Property

Judy Hyun

TEAM SPIRIT REALTY License #01338246 Listed on: 06/21/2021

Last Buyer's Agent

Alonso Magallanes

OPTION ONE REALTY & INVESTMENT License #01426982

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2018

Lot Details

  • 6,250 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre
  • Land Lease

Parking

  • 2 Car Garage

Home Design

  • 4,037 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 5131022001

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,300
  • Operating Expense $1,300
  • Gross Income $84,000
  • Net Operating Income $69,000

Property Details

Home Type

Multi-Family

Year Built

Built in 2018

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5131022001
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 326.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6250.00
  • Lot Size Acres: 0.1435

Multi Family

  • Gross Income: 84000.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 6250.0000 Square Feet
  • Net Operating Income: 69000.00
  • 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: 15000.00
  • Rent Control: No
  • Total Expenses: 1300.00

Tax Info

  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2019
Sold by
Mike & Peter Development Llc
Bought by
Chung Chang Ok
Current Estimated Value
$1,506,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$525,345
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$981,434

Purchase Details

Listed on
Jun 2, 2017
Closed on
Oct 18, 2017
Sold by
Griffith Bridget and Griffith Julia M
Bought by
Mike & Peter Development Llc
Seller's Agent
Daniel Diaz
First Family Homes
Buyer's Agent
Daniel Diaz
First Family Homes
List Price
$335,000
Sold Price
$369,000
Premium/Discount to List
$34,000
10.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.72%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chung Chang Ok $1,000,000 Provident Title Company
Mike & Peter Development Llc $369,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chung Chang Ok $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2021 08/24/21 Sold $1,320,000 +1.6% $327 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
06/21/2021 06/21/21 For Sale $1,299,000 +252.0% $322 / Sq Ft
10/26/2017 10/26/17 Sold $369,000 +10.1% $310 / Sq Ft View Prior Sale
06/05/2017 06/05/17 Pending -- -- --
06/02/2017 06/02/17 For Sale $335,000 -- $282 / 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 $17,002 $1,400,794 $530,604 $870,190
2024 $17,002 $1,373,328 $520,200 $853,128
2023 $16,675 $1,346,400 $510,000 $836,400
2022 $15,902 $1,320,000 $500,000 $820,000
2021 $12,598 $1,030,566 $504,977 $525,589
2020 $12,722 $1,020,000 $499,800 $520,200
2019 $9,501 $768,120 $332,520 $435,600
2018 $4,119 $326,000 $260,800 $65,200
2016 $374 $21,694 $15,096 $6,598
2015 $370 $21,369 $14,870 $6,499
2014 $380 $20,951 $14,579 $6,372
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21134247

California Regional Multiple Listing Service (CRMLS)

APN: 5131-022-001