NOT LISTED FOR SALE

977 Chung King Rd Los Angeles, CA 90012

Chinatown Neighborhood

Estimated Value: $1,780,663

3 Beds
2 Baths
2,900 Sq Ft
$614/Sq Ft Est. Value

Last Sold September 06, 2013

Last sale price $849,000 $293 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $11,142/month

35 Days on Market

Highlights

  • City View
  • Library
  • Laundry Room
  • Wood Flooring
  • Living Room
  • Utility Room

About This Home

As of September 2013

In the heart of Chinatown's vibrant, pedestrian-friendly community, this live-work space is located on a walking-street in the gallery district. Architects Ali Jeevanjee and Poonam Sharma of LOC Architecture merged two existing apartments together around a central courtyard dining room, forming a rare outdoor living space amongst urban density. Built in 1950, the property also includes a 1,200 sq. ft. gallery and a basement. The property is designed to stay cool through natural ventilation, with the courtyard allowing convection currents through the building. Spaces around the courtyard are configured for maximum functionality and daylight. The ceilings are raised two feet higher than the original, allowing for clerestory lighting. A rear balcony provides additional garden space and incredible views of the downtown skyline. Updates to the original structure include modern plumbing, electrical work, roofing, windows, central air, and seismic strengthening.

Last Agent to Sell the Property

Scott King

Compass License #01710768 Listed on: 06/19/2013

Compass

Co-Listed By

Brian Linder

Compass License #01248728

Last Buyer's Agent

Peter Schwartz

Keller Williams Beverly Hills License #01016003

Keller Williams Beverly Hills

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,508

Year Built

  • Built in 1950

Lot Details

  • 1,200 Sq Ft Lot
  • Lot Dimensions are 30x40
  • Property is zoned LAC2

Property Views

  • City
  • Views of a landmark

Interior Spaces

  • 2,900 Sq Ft Home
  • Living Room
  • Dining Area
  • Library
  • Utility Room
  • Laundry Room

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 5414-005-070

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,508

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Floor: 1
  • Living Area: 2900
  • Lot Acreage: 0.0400
  • Lot Dimensions: 30x40
  • Planned Urban Dev: 0
  • Year Built: 1950
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Cement, Hardwood, Tile
  • Bedrooms: 3
  • Fireplaces: 0
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 2.00
  • Den: 0
  • Fireplace: No
  • Price Per S Q F T: 292.76

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: City, Landmark, Walk Street
  • View: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 5414-005-070
  • Geocode Override: No
  • Lot Size Area: 1200

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2019
Sold by
Kusatsu Kevin
Bought by
Sei Kiichi Llc
Current Estimated Value
$1,780,663

Purchase Details

Closed on
Feb 22, 2018
Sold by
Ibrahim Marawa
Bought by
Kusatsu Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2018
Sold by
Chung King Gallery Llc
Bought by
Kusatsu Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2014
Sold by
Kamemoto Wayne
Bought by
Chung King Gallery Llc

Purchase Details

Listed on
Jun 19, 2013
Closed on
Aug 13, 2013
Sold by
Jeevanjee Ali A
Bought by
Kamemoto Wayne and Hand Of Cod Trust
Seller's Agent
Scott King
Compass
Buyer's Agent
Peter Schwartz
Keller Williams Beverly Hills
List Price
$849,000
Sold Price
$849,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.20%

Purchase Details

Closed on
Apr 7, 2012
Sold by
Jeevanjee Ali A and Sharma Poonam
Bought by
Jeevanjee Ali A and Sharma Poonam

Purchase Details

Closed on
Aug 4, 2005
Sold by
Rushatakankovit Vivadhana and Ha Thai Quoc
Bought by
Art Space Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2001
Sold by
Sasaki Kiyokazu and Sasaki Sumiko
Bought by
Rushatakankovit Vivadhana and Ha Thai Quoc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,000
Interest Rate
7.14%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sei Kiichi Llc -- Commonwealth Land Title Co
Kusatsu Kevin -- Wfg National Title Co
Kusatsu Kevin $1,175,000 Wfg National Title Company
Chung King Gallery Llc -- None Available
Kamemoto Wayne $849,000 Lawyers Title
Jeevanjee Ali A -- None Available
Jeevanjee Ali A -- None Available
Art Space Llc $550,000 California Title Company
Rushatakankovit Vivadhana $470,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kusatsu Kevin $675,000
Previous Owner Chung King Gallery Llc $620,000
Previous Owner Art Space Llc $200,000
Previous Owner Art Space Llc $275,000
Previous Owner Rushatakankovit Vivadhana $329,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2013 09/06/13 Sold $849,000 0.0% $293 / Sq Ft
07/24/2013 07/24/13 Pending -- -- --
06/19/2013 06/19/13 For Sale $849,000 -- $293 / 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 $17,508 $1,338,618 $462,938 $875,680
2024 $17,508 $1,312,371 $453,861 $858,510
2023 $17,123 $1,286,639 $444,962 $841,677
2022 $16,318 $1,261,412 $436,238 $825,174
2021 $16,065 $1,236,680 $427,685 $808,995
2020 $14,887 $1,222,470 $416,160 $806,310
2019 $15,323 $1,198,500 $408,000 $790,500
2018 $12,113 $914,684 $484,815 $429,869
2016 $11,520 $879,168 $465,990 $413,178
2015 $11,321 $865,963 $458,991 $406,972
2014 -- $849,000 $450,000 $399,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Scott King

    Compass

    Section Image
  • Brian Linder

    Seller Co-Listing Agent in 2013

    Brian Linder

    Compass

    (310) 592-5417

    47 Total Sales

    Brian Linder
    Section Image
  • Peter Schwartz

    Buyer's Agent in 2013

    Peter Schwartz

    Keller Williams Beverly Hills

    (323) 816-3686

    3 Total Sales

    Peter Schwartz
    Section Image
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Map

Source: The MLS

MLS Number: 13-681811

The MLS

APN: 5414-005-070

California Los Angeles County Los Angeles 90012 Chinatown

977 Chung King Rd, Los Angeles, CA

This home is located at 977 Chung King Rd, Los Angeles, CA 90012 since 19 June 2013 and is currently estimated at $1,780,663, approximately $614 per square foot. This property was built in 1950. 977 Chung King Rd is a home located in Los Angeles County with nearby schools including Castelar Elementary School, Florence Nightingale Middle, and Ramón C. Cortines School of Visual and Performing Arts.

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