NOT LISTED FOR SALE

931 Chung King Rd Los Angeles, CA 90012

Chinatown Neighborhood

Estimated Value: $1,484,961

-- Bed
3 Baths
2,400 Sq Ft
$619/Sq Ft Est. Value

Last Sold January 13, 2012

Last sale price $550,000 $229 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $9,034/month

118 Days on Market

About This Home

As of January 2012

931 Chung King Road is a corner location, mixed-use creative space in the heart of one of the most exciting centers of art and nightlife in downtown Los Angeles. Consisting of approximately 2,400 rentable square feet, the subject property has two stories: 1,200 square feet of ground floor retail/creative space with high ceilings, and another 1,200 square foot loft-style apartment unit upstairs (unit 931 1/2, currently leased on a month-to-month basis, buyer to verify all square footages and number of bedrooms/baths). The ground floor until recently was utilized as a jewelry store. It contains another approximately 1,200 square feet of basement storage downstairs not included in the total 2,400 square footage on public records. The property is ideal for an owner/user seeking art gallery/creative space and perhaps to occupy the upstairs apartment unit as a live/work space. Chung King Road is a pedestrian street in the northeast corner of Chinatown, Los Angeles, immediately adjacent to th

Last Agent to Sell the Property

Darin Spillman

Kidder Mathews of California, Inc. License #01366902 Listed on: 06/03/2011

Last Buyer's Agent

Steve Garza

Keller Williams Realty Los Feliz License #01446995

Keller Williams Realty Los Feliz

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,998

Year Built

  • Built in 1949

Lot Details

  • 1,176 Sq Ft Lot

Home Design

  • 2,400 Sq Ft Home

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5414-005-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,998

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2400
  • Year Built: 1949
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Price Per S Q F T: 260.42

Exterior Features

  • Pool: No

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 56903
  • Assessed Land Value: 38058
  • Assessor Parcel Number: 5414-005-003
  • Lot Size Area: 1176

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 30.00
  • Number Of Units: 2
  • Rent Control: 50
  • Total Annual Expense: 9313
  • Type Of Units: apt / retail
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2011
Closed on
Jan 5, 2012
Sold by
Chan Pearl Louie and The Louie Family Trust
Bought by
Readinger Alexis M
Seller's Agent
Darin Spillman
Kidder Mathews of California, Inc.
Buyer's Agent
Steve Garza
Keller Williams Realty Los Feliz
List Price
$625,000
Sold Price
$550,000
Premium/Discount to List
-$75,000
-12%
Current Estimated Value
$1,484,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$934,961
Avg. Annual Appreciation
7.61%
Original Mortgage
$467,500
Outstanding Balance
$322,515
Interest Rate
3.96%
Mortgage Type
Commercial
Estimated Equity
$1,166,675

Purchase Details

Closed on
Aug 10, 1994
Sold by
Louie Choon H and Louie Family Trust
Bought by
Louie Choon H and Louie Family Trust
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
Readinger Alexis M $550,000 Priority Title Company
Louie Choon H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Readinger Alexis M $467,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2012 01/13/12 Sold $550,000 -12.0% $229 / Sq Ft
09/29/2011 09/29/11 Pending -- -- --
06/03/2011 06/03/11 For Sale $625,000 -- $260 / 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 $9,998 $690,819 $439,613 $251,206
2024 $9,998 $677,275 $430,994 $246,281
2023 $9,760 $663,996 $422,544 $241,452
2022 $9,303 $650,977 $414,259 $236,718
2021 $9,128 $638,214 $406,137 $232,077
2019 $8,616 $619,287 $394,092 $225,195
2018 $8,513 $607,145 $386,365 $220,780
2016 $8,068 $583,570 $371,363 $212,207
2015 $7,918 $574,805 $365,785 $209,020
2014 $7,898 $563,546 $358,620 $204,926
Source: Public Records

Agents Affiliated with this Home

  • Darin Spillman

    Seller's Agent in 2012

    Darin Spillman

    Kidder Mathews of California, Inc.

    (310) 592-8269

    15 Total Sales

    Section Image
  • Steve Garza

    Buyer's Agent in 2012

    Steve Garza

    Keller Williams Realty Los Feliz

    (323) 823-0738

    5 Total Sales

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Map

Source: The MLS

MLS Number: 11-532773

The MLS

APN: 5414-005-003

California Los Angeles County Los Angeles 90012 Chinatown

931 Chung King Rd, Los Angeles, CA

This home is located at 931 Chung King Rd, Los Angeles, CA 90012 since 03 June 2011 and is currently estimated at $1,484,961, approximately $618 per square foot. This property was built in 1949. 931 Chung King Rd is a home located in Los Angeles County with nearby schools including Castelar Elementary School, Florence Nightingale Middle, and Ramón C. Cortines School of Visual and Performing Arts.

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