NOT LISTED FOR SALE

9227 Maie Ave Los Angeles, CA 90002

Watts Neighborhood

Estimated Value: $977,000 - $1,088,141

10 Beds
4 Baths
3,042 Sq Ft
$333/Sq Ft Est. Value

Last Sold March 07, 2024

Last sale price $927,300 $305 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,503/month

24 Days on Market

About This Home

As of March 2024

We are pleased to offer for sale a duplex apartment community located at 9227 Maie Avenue. The subject property is located just west of Graham Avenue and north of Century Boulevard. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 9,042 square foot parcel, the property is comprised entirely of five-bedroom two-bathroom units. There is on site parking located at the back of the property. The continued gentrification of the surrounding area along with the healthy income stream that the property generates makes 9227 Maie Avenue an excellent acquisition opportunity. *The Subject Property is being marketed in conjunction with 5 other offerings. Each offering can be purchased individually or together.

Last Agent to Sell the Property

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 01/12/2024

Last Buyer's Agent

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 01/12/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,784

Year Built

  • Built in 2008

Lot Details

  • 9,039 Sq Ft Lot

Parking

  • 6 Parking Spaces

Interior Spaces

  • 3,042 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 6048-022-042

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,784

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 3042
  • Lot Acreage: 0.2076
  • Stories: 1
  • Year Built: 2008
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 325.44

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 6

Lot Info

  • Assessed Improvement Percent: 54.09
  • Assessed Improvement Value: 484990
  • Assessed Land Percent: 45.91
  • Assessed Land Value: 411593
  • Total Assessed Value: 896583
  • Assessor Parcel Number: 6048-022-042
  • Lot Size Area: 9039

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.20
  • Number Of Units: 2
  • Total Annual Expense: 23998
  • Type Of Units: Residential
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2024
Closed on
Feb 8, 2024
Sold by
Cyprus Kip C and Cyprus Amy L
Bought by
Wu Tungsheng and Chan Kai Ling
Seller's Agent
Sean Rosenzweig
Marcus & Millichap
Buyer's Agent
Sean Rosenzweig
Marcus & Millichap
List Price
$990,000
Sold Price
$927,300
Premium/Discount to List
-$62,700
-6.33%
Views
36
Current Estimated Value
$1,013,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,985
Avg. Annual Appreciation
6.31%
Original Mortgage
$695,475
Outstanding Balance
$684,703
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$328,582

Purchase Details

Closed on
Mar 3, 2021
Sold by
Newcombe Christopher L
Bought by
Cyprus Kip C and Cyprus Amy L

Purchase Details

Closed on
Feb 4, 2009
Sold by
Lance Properties Inc
Bought by
Newcombe Christopher L

Purchase Details

Closed on
Feb 28, 2008
Sold by
Patterson Ira J and Estate Of Lizzie B Patterson
Bought by
Lance Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 2003
Sold by
Scott Lizzie Patterson
Bought by
Scott Lizzie Patterson and The Patterson Scott Family Rev
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
Wu Tungsheng $927,500 Lawyers Title
Cyprus Kip C -- Accommodation
Newcombe Christopher L -- None Available
Lance Properties Inc $240,000 Investors Title Company
Scott Lizzie Patterson -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Tungsheng $695,475
Previous Owner Newcombe Christopher L $327,000
Previous Owner Lance Properties Inc $385,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2024 03/07/24 Sold $927,300 -6.3% $305 / Sq Ft
02/05/2024 02/05/24 Pending -- -- --
01/12/2024 01/12/24 For Sale $990,000 -- $325 / 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 $11,784 $945,846 $612,000 $333,846
2024 $11,784 $914,513 $419,824 $494,689
2023 $11,562 $896,583 $411,593 $484,990
2022 $11,042 $879,004 $403,523 $475,481
2021 $7,923 $608,556 $291,233 $317,323
2020 $7,995 $602,317 $288,247 $314,070
2019 $7,694 $590,508 $282,596 $307,912
2018 $7,491 $578,930 $277,055 $301,875
2016 $6,584 $510,000 $245,000 $265,000
2015 $6,579 $510,000 $245,000 $265,000
2014 $5,752 $430,000 $207,900 $222,100
Source: Public Records

Agents Affiliated with this Home

  • Sean Rosenzweig

    Seller's Agent in 2024

    Sean Rosenzweig

    Marcus & Millichap

    (213) 943-1800

    1 in this area

    68 Total Sales

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Map

Source: The MLS

MLS Number: 24-346992

The MLS

APN: 6048-022-042

California Los Angeles County Los Angeles 90002 Watts

9227 Maie Ave, Los Angeles, CA

This home is located at 9227 Maie Ave, Los Angeles, CA 90002 since 12 January 2024 and is currently estimated at $1,013,285, approximately $333 per square foot. This property was built in 2008. 9227 Maie Ave is a home located in Los Angeles County with nearby schools including Judith F. Baca Arts Academy, Charles Drew Middle School, and Jordan High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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