NOT LISTED FOR SALE
11 Beds
8 Baths
6,920 Sq Ft
9,028 Sq Ft Lot

Sale Details

Date Sold: February 17, 2017

Last sale price $2,200,000 $318 Per Sq Ft

4 Days on Market

About This Home

As of February 2017

Pacific Partners Real Estate Investments is proud to present 951 Menlo Ave in prime Wilshire Center right in the heart of Koreatown. 951 Menlo is situated in one of the most sought after rental markets in LA. Tenants are a short walk from the Wilshire/Vermont Metro Line as well as being minutes from Downtown LA. Tenants also enjoy easy access to the 10 Freeway and the 101 Freeway providing an easy commute to Downtown or Santa Monica.

Last Agent to Sell the Property

Zac Freehling

Keller Williams Beverly Hills License #01879326 Listed on: 01/16/2017

Keller Williams Beverly Hills

Last Buyer's Agent

John C. Pak

Christie's International Real Estate SoCal License #01898649

Christie's International Real Estate SoCal
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 9,028 Sq Ft Lot

Interior Spaces

  • 6,920 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Bathrooms

Parking

  • 6 Parking Spaces
  • Assigned Parking

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5076-001-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

9,028 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6920
  • Stories: 2
  • Year Built: 1974
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 310.69

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 6

Lot Info

  • Assessed Improvement Value: 300000
  • Assessed Land Value: 700000
  • Assessor Parcel Number: 5076-001-007
  • Geocode Override: No
  • Lot Size Area: 9028

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 13.57
  • Number Of Units: 7
  • Type Of Units: 1, 2, 3Beds

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2017
Closed on
Feb 2, 2017
Sold by
Bought by
Seller's Agent
Zac Freehling
Keller Williams Beverly Hills
Buyer's Agent
John C. Pak
Christie's International Real Estate SoCal
List Price
$2,150,000
Sold Price
$2,200,000
Premium/Discount to List
$50,000
2.33%

Purchase Details

Closed on
Oct 2, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
3.85%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Koreatown, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,200,000 Chicago Title Company
$1,000,000 First American Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $315,000
Previous Owner $900,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/17/2017 02/17/17 Sold $2,200,000 +2.3% $318 / Sq Ft
01/20/2017 01/20/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $2,150,000 -- $311 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $31,758 $2,553,285 $1,624,818 $928,467
2024 $31,353 $2,503,221 $1,592,959 $910,262
2023 $30,761 $2,454,139 $1,561,725 $892,414
2022 $29,362 $2,406,019 $1,531,103 $874,916
2021 $28,985 $2,358,843 $1,501,082 $857,761
2019 $28,135 $2,288,880 $1,456,560 $832,320
2018 $27,888 $2,244,000 $1,428,000 $816,000
2016 $12,818 $1,000,000 $700,000 $300,000
2015 $5,065 $356,492 $65,311 $291,181
2014 $5,114 $349,510 $64,032 $285,478
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-194252

The MLS
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