NOT LISTED FOR SALE

Estimated Value: $8,059,810 - $8,101,000

36 Beds
30 Baths
13,376 Sq Ft
$604/Sq Ft Est. Value

Sale Details

Date Sold: October 25, 2024

Last sale price $8,050,000 $602 Per Sq Ft

Current estimated payment $44,526 / mo

42 Days on Market

Highlights

  • Gated Parking
  • Central Heating and Cooling System
  • Controlled Entrance
  • Charles H. Kim Elementary School Rated A-

About This Home

As of October 2024

The subject property is a luxury, brand new construction, 15 unit apartment complex located in the highly desirable Koreatown submarket of Los Angeles. Ideally situated on Oxford Ave, one block east of Western Ave between 3rd and 4th St, just 3 blocks from the Wilshire/Western Metro Station. This 2024 constructed building has pristine units, an incredible unit mix and an unrelenting rental demand by the strong demographics. The property boasts nine 2 bedroom, 2 bathroom units and six 3 bedroom, 2 bathroom units. Two units are affordable restricted (doesn't preclude you from renting to Section 8 buyer to verify). The property is currently in lease-up. Koreatown's central location, proximity to major job hubs, and diverse array of culinary, entertainment, and cultural options are key draws for renter demand. The area is increasingly evolving into a self-contained neighborhood, where residents can live, work, dine, and play without a car. The densely populated location ensures expeditious lease up and the luxurious units allow for tenant comfort and investor stability. The area has undergone a major economic renaissance during the past couple of decades with development as the driving force. The new apartment and mixed-use developments in the immediate area have provided an overwhelming increase in the demand for high end rental units and retail. The building offers 13 parking spaces and has a rooftop deck. All units have washer and dryers, central air and heat as well as all the modern conveniences of living in a brand new building.

Last Agent to Sell the Property

Dario Svidler

Keller Williams Beverly Hills License #01884474 Listed on: 06/17/2024

Keller Williams Beverly Hills

Co-Listed By

Morgan McMullin

Keller Williams Beverly Hills License #01716570

Last Buyer's Agent

Non-member 999999

Non-member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2024

Lot Details

  • 9,010 Sq Ft Lot
  • Lot Dimensions are 60x150

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 13,376 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 36 Bedrooms
  • 30 Bathrooms

Parking

  • 13 Parking Spaces
  • 13 Covered Spaces
  • Gated Parking
  • Assigned Parking
  • Controlled Entrance

Utilities

  • Central Heating and Cooling System

Community Details

  • 15 Units

Listing and Financial Details

  • Assessor Parcel Number 5503-003-012

Property Details

Home Type

Multi-Family

Year Built

Built in 2024

Lot Details

9,010 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Three Or More
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 13376
  • Lot Acreage: 0.2062
  • Lot Dimensions: 60x150
  • Stories: 4
  • Year Built: 2024
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 36
  • Common Walls: Attached
  • Total Bathrooms: 30.00
  • Price Per S Q F T: 609.30

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 13
  • Parking Garage: Assigned, Controlled Entrance, Gated
  • Total Parking: 13

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 20.00
  • Assessed Improvement Value: 321300
  • Assessed Land Percent: 80
  • Assessed Land Value: 1285200
  • Total Assessed Value: 1606500
  • Assessor Parcel Number: 5503-003-012
  • Lot Size Area: 9010

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.02
  • Number Of Units: 15
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2024
Closed on
Sep 27, 2024
Sold by
Oxford Rentals Llc
Bought by
Paragon 4549 Inc
Seller's Agent
Dario Svidler
Keller Williams Beverly Hills
Buyer's Agent
Non-member 999999
Non-member Office
List Price
$8,150,000
Sold Price
$8,050,000
Premium/Discount to List
-$100,000
-1.23%
Views
11
Current Estimated Value
$8,080,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,405
Avg. Annual Appreciation
0.27%
Original Mortgage
$5,000,000
Outstanding Balance
$4,925,491
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$3,154,914

Purchase Details

Closed on
Jul 2, 2020
Sold by
339 Oxford Llc
Bought by
Oxford Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,338,750
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 20, 2015
Sold by
Cho Grace
Bought by
339 Oxford Llc

Purchase Details

Closed on
Apr 24, 2007
Sold by
Won Lee Jin
Bought by
Cho Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2003
Sold by
Ryuk Sung Soo
Bought by
Won Lee Jin

Purchase Details

Closed on
May 13, 1999
Sold by
Cho Kyu I
Bought by
Ryuk Sung Soo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,750
Interest Rate
7.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Paragon 4549 Inc $8,050,000 Lawyers Title
Oxford Rentals Llc $1,575,000 Lawyers Title Company
339 Oxford Llc -- None Available
Cho Grace $600,000 First American Title Co
Won Lee Jin -- Ctc
Ryuk Sung Soo $285,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paragon 4549 Inc $5,000,000
Previous Owner Oxford Rentals Llc $1,338,750
Previous Owner Cho Grace $280,000
Previous Owner Ryuk Sung Soo $270,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2024 10/25/24 Sold $8,050,000 +302873.3% $602 / Sq Ft
07/29/2024 07/29/24 Pending -- -- --
07/17/2024 07/17/24 Price Changed $2,657 -6.1% $3 / Sq Ft
07/11/2024 07/11/24 Price Changed $2,829 0.0% $3 / Sq Ft
06/17/2024 06/17/24 For Sale $8,150,000 0.0% $609 / Sq Ft
04/30/2024 04/30/24 Price Changed $2,565 -5.0% $2 / Sq Ft
04/06/2024 04/06/24 Price Changed $2,700 -4.4% $3 / Sq Ft
03/16/2024 03/16/24 Price Changed $2,824 -7.1% $3 / Sq Ft
03/07/2024 03/07/24 Price Changed $3,041 -2.4% $3 / Sq Ft
03/07/2024 03/07/24 Price Changed $3,116 -8.4% $3 / Sq Ft
12/20/2023 12/20/23 Price Changed $3,400 +28.0% $3 / Sq Ft
12/16/2023 12/16/23 For Rent $2,657 0.0% --
11/06/2020 11/06/20 Sold $1,575,000 -7.4% $558 / Sq Ft View Prior Sale
06/26/2020 06/26/20 Pending -- -- --
06/23/2020 06/23/20 For Sale $1,700,000 0.0% $602 / Sq Ft
06/22/2020 06/22/20 Pending -- -- --
06/11/2020 06/11/20 Price Changed $1,700,000 -5.6% $602 / Sq Ft
05/21/2020 05/21/20 Price Changed $1,799,999 -2.7% $637 / Sq Ft
04/22/2020 04/22/20 For Sale $1,850,000 -- $655 / Sq Ft
Source: The MLS

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 $20,237 $8,050,000 $5,000,000 $3,050,000
2024 $20,237 $1,671,402 $1,671,402 --
2023 $19,842 $1,638,630 $1,638,630 $0
2022 $19,183 $1,606,500 $1,285,200 $321,300
2021 $18,944 $1,575,000 $1,260,000 $315,000
2019 $13,765 $1,135,491 $742,845 $392,646
2018 $13,649 $1,113,228 $728,280 $384,948
2017 $13,355 $1,091,400 $714,000 $377,400
2016 $12,200 $999,100 $594,700 $404,400
2015 $6,800 $546,000 $325,000 $221,000
2014 $10,032 $798,000 $475,000 $323,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-404955

The MLS

APN: 5503-003-012

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