NOT LISTED FOR SALE

940 3rd Ave Los Angeles, CA 90019

Koreatown Neighborhood

Estimated Value: $1,566,154 - $1,994,000

3 Beds
3 Baths
1,423 Sq Ft
$1,194/Sq Ft Est. Value

Last Sold November 18, 2015

Last sale price $921,000 $647 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $10,230/month

18 Days on Market

Highlights

  • Detached Guest House
  • Living Room with Fireplace
  • Breakfast Area or Nook
  • Contemporary Architecture
  • Wood Flooring
  • 2 Car Detached Garage

About This Home

As of November 2015

First time on the market in over 45 years, here is a real find in Wilshire Park, a Historic Preservation Overlay Zone (HPOZ). Being sold "AS-IS". Tax records show a SFR w/ 3 BR & 3 BA w/ a detached 2 car garage, showing 1423 square feet. However there have been many additions, most w/ permits (buyer to verify all permits & square footage, square footage may be 2200 to 2300 square feet w/ all additions), creating it's current bedroom & bath count of 3 bedrooms & 3 baths in the main house, & an additional permitted guest house attached to the 2 car garage, which has a kitchen w/ stove, full BA w/ tub/shower combo, & two good sizes room w/ closets. This guesthouse & garage are currently tenant occupied & is subject to the City of Los Angeles RSO, this is a registered property. On this large lot of 11,528, you will find many mature fruit trees: citrus, avocado, pomegranate, persimmons, applies, pears, figs, mango and maybe more! This is a perfect property for an extended family.

Last Agent to Sell the Property

Kat Becker

Berkshire Hathaway HomeServices California Properties License #01210203 Listed on: 10/03/2015

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Charles Lee

America Realty Los Angeles License #01783045

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,224

Year Built

  • Built in 1941

Lot Details

  • 0.26 Acre Lot
  • Property is zoned LAR1

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,423 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Den with Fireplace
  • Laundry in Garage

Kitchen

  • Breakfast Area or Nook
  • Disposal

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Automatic Gate
  • Controlled Entrance

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

Listing and Financial Details

  • Assessor Parcel Number 5092-019-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,224

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 1423
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 1
  • Year Built: 1941
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Den, Living Room
  • Flooring: Carpet, Hardwood, Laminate, Linoleum, Mixed
  • Bedrooms: 3
  • Fireplaces: 2
  • Full Bathroom: 3
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Garage, In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Garbage Disposal, Hood Fan
  • Fireplace: Yes
  • Price Per S Q F T: 631.76

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Auto Driveway Gate, Controlled Entrance, Detached, Door Opener, Driveway, Garage - 2 Car

Utilities

  • Cooling: Air Conditioning, Ceiling Fan, Central, Window Unit(s)
  • Heating: Central, Wall

Schools

  • School District: Los Angeles Unified

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5092-019-020
  • Geocode Override: No
  • Lot Size Area: 11528

Multi Family

  • Number Of Units: 2

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2015
Closed on
Oct 27, 2015
Sold by
Samonte James B
Bought by
Lee Chang Jong and Lee Tina
Seller's Agent
Kat Becker
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Charles Lee
America Realty Los Angeles
List Price
$899,000
Sold Price
$921,000
Premium/Discount to List
$22,000
2.45%
Current Estimated Value
$1,699,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$778,289
Avg. Annual Appreciation
6.40%

Purchase Details

Closed on
Jan 7, 2015
Sold by
Bation Elsie Y
Bought by
Bation Elsie Y and The Bation Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Lee Chang Jong $921,000 California Title Company
Bation Elsie Y -- First American Title Company
Bation Elsie Y -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bation Elsie Y $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2015 11/18/15 Sold $921,000 +2.4% $647 / Sq Ft
10/21/2015 10/21/15 Pending -- -- --
10/03/2015 10/03/15 For Sale $899,000 -- $632 / 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 $14,224 $1,163,050 $735,134 $427,916
2024 $14,224 $1,140,246 $720,720 $419,526
2023 $13,956 $1,117,889 $706,589 $411,300
2022 $13,320 $1,095,971 $692,735 $403,236
2021 $13,149 $1,074,482 $679,152 $395,330
2020 $13,281 $1,063,466 $672,189 $391,277
2019 $11,901 $977,371 $659,009 $318,362
2018 $11,721 $958,208 $646,088 $312,120
2016 $11,216 $921,000 $621,000 $300,000
2015 $2,267 $177,078 $41,590 $135,488
2014 $2,284 $173,610 $40,776 $132,834
Source: Public Records

Agents Affiliated with this Home

  • Kat Becker

    Seller's Agent in 2015

    Kat Becker

    Berkshire Hathaway HomeServices California Properties

    (323) 819-4760

    2 in this area

    9 Total Sales

    Kat Becker
    Section Image

  • C

    Buyer's Agent in 2015

    Charles Lee

    America Realty Los Angeles

    Section Image
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Map

Source: The MLS

MLS Number: 15-947901

The MLS

APN: 5092-019-020

California Los Angeles County Los Angeles 90019 Koreatown

940 3rd Ave, Los Angeles, CA

This home is located at 940 3rd Ave, Los Angeles, CA 90019 since 03 October 2015 and is currently estimated at $1,699,289, approximately $1,194 per square foot. This property was built in 1941. 940 3rd Ave is a home located in Los Angeles County with nearby schools including Wilton Place Elementary School, John Burroughs Middle School, and Los Angeles Senior High School.

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