Gina Isaac
Nourmand & Associates-HW
(424) 288-7115
56 Total Sales
1 in Koreatown
$560,000 Price
960 Menlo Ave Los Angeles, CA 90006
Koreatown NeighborhoodEstimated Value: $2,406,735
16
Beds
10
Baths
5,424
Sq Ft
$444/Sq Ft
Est. Value
Highlights
- 4 Attached Carport Spaces
- Laundry Facilities
- Turnkey
About This Home
As of July 2019Best Koreatown location close to DTLA! Development Opportunity in one of the most Densely Populated areas of Koreatown, Take advantage of TOC Tier 3 Density bonus. This property is entitled for a 22-unit, 7-story new construction complex with a mechanical parking basement. Rents for new apartments are going from $1,500~$3,000 per/unit in the area. Huge Income Producing Opportunity, R4-1 Zoning, Many Commercial Amenities, Metro Stations are walking distance or short Bike Ride. Area is experiencing Mass Gentrification, hundreds of New Apartment and condo projects are currently under construction. Currently the Lot has a Four Units which includes a 10 bedrooms 6 bathrooms SFR that currently operates as a boarding house. Please see K-Town Hotel on same street for similar posibilities.
Last Agent to Sell the Property
Century 21 Allstars License #01233300 Listed on: 05/14/2019
Last Buyer's Agent
Judy Jung Lee
Keller Williams Larchmont License #02015973
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1913
Lot Details
- 9,651 Sq Ft Lot
- No Common Walls
- Value in Land
Home Design
- Turnkey
Interior Spaces
- 5,424 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 10 Bathrooms
Parking
- 10 Open Parking Spaces
- 14 Parking Spaces
- 4 Attached Carport Spaces
- Parking Available
- Assigned Parking
Location
- Urban Location
Listing and Financial Details
- Tax Lot 021
- Tax Tract Number 213401
- Assessor Parcel Number 5076002021
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $3,600
- Insurance Expense $1,800
- Water Sewer Expense $18,000
- Operating Expense $23,400
- Gross Income $131,880
- Net Operating Income $108,480
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
Closed on
Nov 15, 2021
Sold by
Bought by
Current Estimated Value
Purchase Details
Closed on
Dec 12, 2019
Sold by
Bought by
Purchase Details
Listed on
May 14, 2019
Closed on
Jun 26, 2019
Sold by
Bought by
Seller's Agent
Jaime Garcia
Century 21 Allstars
Buyer's Agent
Judy Jung Lee
Keller Williams Larchmont
List Price
$3,500,000
Sold Price
$2,350,000
Premium/Discount to List
-$1,150,000
-32.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.34%
Original Mortgage
$100,000
Interest Rate
3.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 23, 2018
Sold by
Bought by
Purchase Details
Closed on
May 2, 2002
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
$172,500
Interest Rate
7.18%
Purchase Details
Closed on
Jan 27, 1997
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Koreatown, CA
-
Gina Isaac
-
Jeff Kohl
Jeff Kohl
The Agency
(424) 842-7907
17 Total Sales
1 in Koreatown
$2,600,000 Price
-
Donald Heller
Donald Heller
Christie's International Real Estate SoCal
(424) 238-6571
111 Total Sales
1 in Koreatown
$630,000 Price
-
Mary Perdomo
Mary Perdomo
Responds QuicklyDouglas Elliman
(818) 412-8566
11 Total Sales
1 in Koreatown
$630,000 Price
-
Sierus Erdelyi
Sierus Erdelyi
TruLine Realty
(424) 374-0268
178 Total Sales
1 in Koreatown
$950,000 Price
-
Jeffrey Russell
Jeffrey Russell
Russell Realty Group
(626) 604-2792
113 Total Sales
1 in Koreatown
$280,000 Price
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 |
|---|---|---|---|
| -- | Accommodation | ||
| -- | Provident Title Company | ||
| -- | Provident Title Company | ||
| $2,350,000 | Stewart Title | ||
| -- | None Available | ||
| -- | Stewart Title | ||
| $195,000 | Investors 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 | $1,000,000 | ||
| Previous Owner | $100,000 | ||
| Previous Owner | $443,970 | ||
| Previous Owner | $150,000 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $80,000 | ||
| Previous Owner | $50,000 | ||
| Previous Owner | $172,500 | ||
| Previous Owner | $17,897 |
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 |
|---|---|---|---|---|
| 07/19/2019 07/19/19 | Sold | $2,350,000 | -32.9% | $433 / Sq Ft |
| 06/26/2019 06/26/19 | Pending | -- | -- | -- |
| 05/14/2019 05/14/19 | For Sale | $3,500,000 | -- | $645 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $14,768 | $1,167,328 | $583,664 | $583,664 |
| 2024 | $14,556 | $1,144,440 | $572,220 | $572,220 |
| 2023 | $14,288 | $1,122,000 | $561,000 | $561,000 |
| 2022 | $27,671 | $2,303,316 | $1,751,964 | $551,352 |
| 2021 | $27,319 | $2,258,154 | $1,717,612 | $540,542 |
| 2020 | $28,978 | $2,350,000 | $1,765,000 | $585,000 |
| 2019 | $18,765 | $613,001 | $249,724 | $363,277 |
| 2018 | $7,704 | $600,982 | $244,828 | $356,154 |
| 2016 | $7,331 | $577,647 | $235,322 | $342,325 |
| 2015 | $7,228 | $568,971 | $231,788 | $337,183 |
| 2014 | $7,271 | $557,827 | $227,248 | $330,579 |
Source: Public Records
Agents Affiliated with this Home
-
Jaime Garcia
Seller's Agent in 2019
Jaime Garcia
Century 21 Allstars
(562) 440-9511
37 Total Sales
-
J
Buyer's Agent in 2019
Judy Jung Lee
Keller Williams Larchmont
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW19112009
APN: 5076-002-021
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 multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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