NOT LISTED FOR SALE

963 S Lorena St Los Angeles, CA 90023

Estimated Value: $1,711,000 - $2,988,000

12 Beds
12 Baths
5,028 Sq Ft
$490/Sq Ft Est. Value

Last Sold September 28, 2022

Last sale price $2,350,000 $467 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $15,584/month

101 Days on Market

Highlights

  • New Construction
  • City Lights View
  • Balcony
  • Felicitas and Gonzalo Mendez High Rated A-
  • Contemporary Architecture
  • 4 Car Attached Garage

About This Home

As of September 2022

STUNNING 4 UNIT NEW CONSTRUCTION completed in June 2020. This 2-story, modern, energy efficient and low maintenance building is the best priced investment property in the area. Each unit is approx 1,250 sf with a desirable floor plan that consists of 3 bedrooms and 2.5 bathrooms. All four (4) units come with all new appliances, including an in-unit washer and dryer, central air conditioning & heating, and a host of energy efficient construction including dual pane windows, LED lighting and water conservation devices. Best of all, this property is located in the rapidly growing prime location of Boyle Heights which is central to many places. Tenants looking for proximity to the civic center will be approximately 3 miles from the Arts District and USC's Health Sciences campus, and 4 miles from East Los Angeles College and the Citadel Outlets. In addition, easy access to the 5, 60, 101 and 10 freeways - all of these are within a mile of the property. Each unit is separately metered for water, gas and electricity. Tenant is responsible for all utility expenses and Owner is responsible for property tax and insurance. There is also on site parking for 8 cars (2 enclosed garages). Please text / email for more info.

Last Agent to Sell the Property

Robert Yun

NET Properties License #01854449 Listed on: 04/18/2022

Last Buyer's Agent

Willie Overton

Sonlight Estates Realty License #00901631

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,433

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 5,777 Sq Ft Lot
  • Gated Home

Parking

  • 4 Car Attached Garage
  • Tandem Parking
  • Assigned Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Concrete Roof

Interior Spaces

  • 5,028 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Family Room on Second Floor
  • Laminate Flooring
  • City Lights Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Walk-In Closet
  • 12 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5188-022-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,433

Year Built

Built in 2020 | New Construction

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 5028
  • Lot Acreage: 0.1326
  • Property Condition: New Construction
  • Stories: 2
  • Year Built: 2020
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Appliances: Built-In Gas, Microwave, Oven, Range
  • Bedrooms: 12
  • Common Walls: Attached
  • Dining Room: 0
  • Family Room: 1
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 12.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 477.33
  • Windows: Double Pane Windows, Window Blinds, Screens

Exterior Features

  • Other Features: Balcony
  • Other Structures: Other
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Roof: Concrete
  • Spa Yn: No
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Assigned, Garage Is Attached, Tandem
  • Total Parking: 8

Utilities

  • Water Heater: Tankless
  • Cooling: Central
  • Heating: Central
  • Security: Exterior Security Lights, Gated, Smoke Detector, Fire Sprinklers
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 33.33
  • Assessed Improvement Value: 635000
  • Assessed Land Percent: 66.67
  • Assessed Land Value: 1270000
  • Total Assessed Value: 1905000
  • Assessor Parcel Number: 5188-022-029
  • Lot Size Area: 5777

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.66
  • Number Of Units: 4
  • Total Annual Expense: 37920
  • Type Of Units: Duplex
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2022
Closed on
Sep 20, 2022
Sold by
Jack Pioneer Llc
Bought by
Eshagian Joseph
Seller's Agent
Robert Yun
NET Properties
Buyer's Agent
Willie Overton
Sonlight Estates Realty
List Price
$2,400,000
Sold Price
$2,350,000
Premium/Discount to List
-$50,000
-2.08%
Views
3
Current Estimated Value
$2,464,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,479
Avg. Annual Appreciation
-2.74%

Purchase Details

Listed on
Apr 18, 2022
Closed on
Aug 29, 2022
Sold by
Dong-Keun Shin David and Dong-Keun Helen H
Bought by
Jack Pioneer Llc
Seller's Agent
Robert Yun
NET Properties
Buyer's Agent
Willie Overton
Sonlight Estates Realty
List Price
$2,400,000
Sold Price
$2,350,000
Premium/Discount to List
-$50,000
-2.08%
Views
3

Purchase Details

Closed on
Jul 23, 2022
Sold by
Joseph Eshagian
Bought by
Eshagian Joseph

Purchase Details

Listed on
Jun 8, 2020
Closed on
Nov 10, 2020
Sold by
Newshire Investments Inc
Bought by
Shin David Dong Keun and Chang Helen H
Seller's Agent
Alex Valenzuela
Keller Williams SELA
Buyer's Agent
Robert Yun
NET Properties
List Price
$2,000,000
Sold Price
$1,905,000
Premium/Discount to List
-$95,000
-4.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.68%
Original Mortgage
$1,428,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 14, 2018
Closed on
Jan 24, 2018
Sold by
Frias Juan Manuel
Bought by
Newshire Investments Inc
Seller's Agent
YOLANDA SUMMEROUR
PREMIER REALTY ASSOCIATES
Buyer's Agent
SERGIO E. RAMOS
PREMIER REALTY ASSOCIATES
List Price
$399,000
Sold Price
$420,000
Premium/Discount to List
$21,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
73.64%

Purchase Details

Closed on
Aug 12, 2005
Sold by
Frias Juan Manuel
Bought by
Frias Juan Manuel and Frias Clara

Purchase Details

Closed on
Jun 26, 2001
Sold by
Frias Manuel
Bought by
Frias Juan Manuel and Ibarra Clara

Purchase Details

Closed on
Jul 16, 1996
Sold by
Torres Pedro
Bought by
Frias Manuel and Ibarra Clara

Purchase Details

Closed on
Dec 20, 1995
Sold by
Merlino Eleanor Z
Bought by
Torres Pedro
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
Eshagian Joseph $2,350,000 Doma Title Company
Jack Pioneer Llc -- Doma Title Company
Eshagian Joseph -- Doma Title Company
Shin David Dong Keun $1,905,000 Pacific Coast Title Company
Newshire Investments Inc $405,000 Wfg National Title Company
Frias Juan Manuel -- First American Title Ins Co
Frias Juan Manuel -- Investors Title
Frias Manuel $80,000 --
Torres Pedro $53,181 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shin David Dong Keun $1,428,750
Previous Owner Newshire Investments Inc $865,000
Previous Owner Newshire Investments Inc $410,000
Previous Owner Frias Juan Manuel $158,179
Previous Owner Frias Juan Manuel $170,500
Previous Owner Frias Juan Manuel $120,200
Previous Owner Frias Juan Manuel $128,000
Previous Owner Frias Juan Manuel $115,000
Previous Owner Frias Manuel $20,000
Previous Owner Torres Pedro $28,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2022 09/28/22 Sold $2,350,000 -2.1% $467 / Sq Ft
07/28/2022 07/28/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $2,400,000 0.0% $477 / Sq Ft
04/18/2022 04/18/22 Rented $3,000 +3.4% --
12/20/2021 12/20/21 Price Changed $2,900 -6.5% $2 / Sq Ft
12/07/2021 12/07/21 For Rent $3,100 0.0% --
11/19/2020 11/19/20 Sold $1,905,000 -4.8% $366 / Sq Ft
10/15/2020 10/15/20 For Sale $2,000,000 +5.0% $385 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
08/31/2020 08/31/20 Off Market $1,905,000 -- --
07/23/2020 07/23/20 Price Changed $2,000,000 -4.1% $385 / Sq Ft
06/08/2020 06/08/20 For Sale $2,085,000 +396.4% $401 / Sq Ft
02/22/2018 02/22/18 Sold $420,000 +5.3% $502 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
01/14/2018 01/14/18 For Sale $399,000 -- $477 / 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 $29,433 $2,444,940 $1,404,540 $1,040,400
2024 $29,433 $2,397,000 $1,377,000 $1,020,000
2023 $28,863 $2,350,000 $1,350,000 $1,000,000
2022 $23,314 $1,943,100 $1,295,400 $647,700
2021 $23,017 $1,905,000 $1,270,000 $635,000
2020 $9,939 $807,762 $421,362 $386,400
2019 $5,158 $413,100 $362,100 $51,000
2018 $1,465 $114,490 $57,245 $57,245
2016 $1,392 $110,046 $55,023 $55,023
2015 $1,372 $108,394 $54,197 $54,197
2014 $1,384 $106,272 $53,136 $53,136
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-147423

The MLS

APN: 5188-022-029