$1,550,000
SOLD JAN 31, 2025
2 Beds
2 Baths
3,600 Sq Ft
1,695 Sq Ft Lot

Recently Sold

$431 Per Sq Ft

3% Below List Price

41 Days on Market

Highlights

  • Fireplace in Kitchen
  • Laundry Room
  • Heating Available
  • Cooling Available

About This Home

As of January 2025

Discover a truly unique two-unit property nestled on the historic Chung King Road in the vibrant heart of Chinatown. Unit 1, located on the lower floor, features a beautifully remodeled commercial/retail space spanning 1,200 square feet, perfect for a variety of retail ventures or creative office setups. This unit also boasts an additional 430 square feet of bonus mezzanine space and a functional 1,200-square-foot basement. Both units are equipped with mini-split units that provide cooling and heating.

Unit 2 occupies the upper floor and offers a charming 2-bedroom, 1-bath live/work space, complete with hardwood floors throughout that add character to the environment. This unit has been thoughtfully remodeled and comes equipped with modern appliances, including a refrigerator, stove, and washer and dryer. Enjoy the delightful balcony that overlooks bustling Chung King Road, providing a perfect spot to unwind. Both units feature separate entrances but can easily be combined for versatile use.

Located just steps from popular restaurants and bars, including Melody Lounge, General Lee’s, and Foo Chow Restaurant, this property offers an ideal blend of convenience and culture.

Last Agent to Sell the Property

Melanie Guillen

Lee & Associates Los Angeles Brokerage Phone: 323-702-3850 License #01322895 Listed on: 10/21/2024

Last Buyer's Agent

Marques Johnson

eXp Realty of California Inc License #02071314

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,417

Year Built

  • Built in 1949

Lot Details

  • 1,695 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,600 Sq Ft Home
  • 3-Story Property
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Utilities

  • Cooling Available
  • Heating Available
  • Standard Electricity
  • Phone Available
  • Cable TV Available

Additional Features

  • Fireplace in Patio
  • Urban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 4 / 41
  • Tax Tract Number 2071
  • Assessor Parcel Number 5414005014

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,417

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Price Per Unit: 800000
  • Property Attached: Yes
  • Zoning: LAC2
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5414005014
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 3
  • Entry Location: street
  • Common Walls: 1 Common Wall
  • Entry Level: 2
  • Fireplace Features: Kitchen, Patio
  • Levels: Three Or More
  • Price Per Square Foot: 430.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Cable Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Laundry Features: Dryer Included, In Kitchen, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 1695.00
  • Lot Size Acres: 0.0389

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 1200 Square Feet
  • Lot Size Area: 1695.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Patio: 2
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Rent Control: No

Tax Info

  • Tax Block: 41
  • Tax Census Tract: 2071.03
  • Tax Lot: 4
  • Tax Tract Number: 2071.3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2024
Closed on
Jan 29, 2025
Sold by
Vassiliades Jason
Bought by
Locks Vanessa Mia
Seller's Agent
Melanie Guillen
Lee & Associates Los Angeles
Buyer's Agent
Marques Johnson
eXp Realty of California Inc
List Price
$1,600,000
Sold Price
$1,550,000
Premium/Discount to List
-$50,000
-3.12%
Views
52
Current Estimated Value
$1,596,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,314
Avg. Annual Appreciation
4.78%

Purchase Details

Listed on
Oct 21, 2024
Closed on
Jan 16, 2025
Sold by
Locks Vanessa Mia
Bought by
Moore Sonny
Seller's Agent
Melanie Guillen
Lee & Associates Los Angeles
Buyer's Agent
Marques Johnson
eXp Realty of California Inc
List Price
$1,600,000
Sold Price
$1,550,000
Premium/Discount to List
-$50,000
-3.12%
Views
52

Purchase Details

Closed on
Jan 18, 2011
Sold by
Wong Steven Yao Chee and Ito Leslie Akemi
Bought by
Locks Vanessa Mia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.79%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 14, 2008
Sold by
Wong Steven Yao Chee and Ito Leslie Akemi
Bought by
Wong Steve Yao Chee and Ito Leslie Akemi

Purchase Details

Closed on
Sep 4, 2001
Sold by
Wealthbank Na
Bought by
Wong Chung Fong and Wong Steven Yao Chee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 10, 2001
Sold by
Wong Yu Ming Xie
Bought by
Wong Chung Fong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.91%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Chicago Title Company
Grant Deed $1,550,000 Chicago Title Company
Grant Deed $567,000 California Title Company
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Corporate Deed $252,000 Lawyers Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $25,000 Seller Take Back
Previous Owner $175,000 Commercial
Previous Owner $160,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $1,550,000 -3.1% $431 / Sq Ft
10/21/2024 10/21/24 For Sale $1,600,000 -- $444 / 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 $10,417 $726,411 $307,474 $418,937
2024 $10,417 $712,169 $301,446 $410,723
2023 $10,170 $698,206 $295,536 $402,670
2022 $9,694 $684,517 $289,742 $394,775
2021 $10,844 $671,096 $284,061 $387,035
2019 $8,991 $651,193 $275,637 $375,556
2018 $8,887 $638,426 $270,233 $368,193
2016 $8,426 $613,638 $259,741 $353,897
2015 $8,271 $604,422 $255,840 $348,582
2014 $8,252 $592,583 $250,829 $341,754
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24218280

California Regional Multiple Listing Service (CRMLS)

APN: 5414-005-014