NOT LISTED FOR SALE

Estimated Value: $789,000 - $1,187,735

3 Beds
2 Baths
2,932 Sq Ft
$310/Sq Ft Est. Value

Last Sold July 11, 2024

Last sale price $740,000 $252 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,651/month

26 Days on Market

About This Home

As of July 2024

A Rare opportunity to purchase a remodeling project vacant duplex in a Mid-City Korea-town area. The property is selling together with city-approved plans. Each unit has 3 bed+2 baths on each floor, with 5 side-by-side parking spaces plus one garage in the back. There was fire damage in the upstairs dining area in 2021. P.W.Stephens Environmental, Inc. completed asbestos abatement and lead remediation works throughout 01/2022. All inside the drywall was removed during the remediation works and ready to start work after paying the permit fee of $2,193 to the city building and safety. New plans are the same as 90% of existing structures.

Last Agent to Sell the Property

Andrew Cha

Andrew Cha License #01327638 Listed on: 06/09/2024

Last Buyer's Agent

Jazmin Hernandez Gallardo

1% Listing Broker License #02017778

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,974

Year Built

  • Built in 1916

Lot Details

  • 5,760 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • 2,932 Sq Ft Home
  • Duplex
  • Split Level Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5074-002-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,974

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Living Area: 2932
  • Lot Acreage: 0.1322
  • Probate: No
  • Year Built: 1916
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 271.15

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 6

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 312344
  • Assessed Land Percent: 60
  • Assessed Land Value: 468516
  • Total Assessed Value: 780860
  • Assessor Parcel Number: 5074-002-018
  • Lot Size Area: 5760

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.00
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 100 %

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2024
Closed on
Jul 4, 2024
Sold by
Cha Andrew
Bought by
Gonzalez Omar and Lovos Maria Lus
Seller's Agent
Andrew Cha
Andrew Cha
Buyer's Agent
Jazmin Hernandez Gallardo
1% Listing Broker
List Price
$795,000
Sold Price
$740,000
Premium/Discount to List
-$55,000
-6.92%
Views
23
Current Estimated Value
$909,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,184
Avg. Annual Appreciation
18.06%
Original Mortgage
$164,300
Interest Rate
7.03%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 11, 2015
Closed on
Dec 19, 2016
Sold by
Amaya Manuel A
Bought by
Cha Andrew
Seller's Agent
Walter Gonzalez
Golden Royalty Properties Inc.
Buyer's Agent
Andrew Cha
Andrew Cha
List Price
$899,498
Sold Price
$700,000
Premium/Discount to List
-$199,498
-22.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.74%

Purchase Details

Closed on
Jun 7, 2005
Sold by
Gonzalez Walter A and Gonzalez Ana Yanira
Bought by
Amaya Manuel A

Purchase Details

Closed on
Feb 20, 2004
Sold by
Amaya Manuel A and Amaya Ana Julia
Bought by
Amaya Manuel A

Purchase Details

Closed on
Jan 18, 1999
Sold by
Amaya Manuel A and Amaya Ana Julia
Bought by
Amaya Manuel A

Purchase Details

Closed on
Jul 27, 1998
Sold by
Home Svgs Of America Fsb
Bought by
Amaya Manuel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,156
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 16, 1997
Sold by
Cunanan Roderic and Home Svgs Of America Fsb
Bought by
Home Svgs Of America Fsb

Purchase Details

Closed on
Nov 3, 1995
Sold by
Sandoval George
Bought by
Cunanan Roderic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
7.62%

Purchase Details

Closed on
Aug 31, 1995
Sold by
Transamerica Financial Services/0422
Bought by
Sandoval George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.8%
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
Gonzalez Omar $740,000 Provident Title
Cha Andrew $700,000 Provident Title Company
Cha Andrew -- Provident Title Company
Amaya Manuel A -- --
Amaya Manuel A -- --
Amaya Manuel A -- --
Amaya Manuel A $170,000 Investors Title Company
Home Svgs Of America Fsb $148,000 Fidelity National Title Ins
Cunanan Roderic $195,000 United Title
Sandoval George $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gonzalez Omar $164,300
Previous Owner Amaya Manuel A $166,156
Previous Owner Cunanan Roderic $175,500
Previous Owner Sandoval George $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2024 07/11/24 Sold $740,000 -6.9% $252 / Sq Ft
07/05/2024 07/05/24 Pending -- -- --
06/09/2024 06/09/24 For Sale $795,000 0.0% $271 / Sq Ft
07/10/2019 07/10/19 Rented $2,900 0.0% --
06/19/2019 06/19/19 For Rent $2,900 +3.6% --
06/12/2017 06/12/17 Rented $2,800 0.0% --
05/23/2017 05/23/17 For Rent $2,800 0.0% --
01/05/2017 01/05/17 Sold $700,000 -6.7% $239 / Sq Ft View Prior Sale
01/05/2017 01/05/17 Pending -- -- --
11/14/2016 11/14/16 Price Changed $750,000 -2.6% $256 / Sq Ft
11/01/2016 11/01/16 Price Changed $770,000 -3.7% $263 / Sq Ft
10/01/2016 10/01/16 Price Changed $799,500 +0.1% $273 / Sq Ft
10/01/2016 10/01/16 Price Changed $799,000 -0.9% $273 / Sq Ft
09/06/2016 09/06/16 Price Changed $805,999 -2.9% $275 / Sq Ft
08/01/2016 08/01/16 Price Changed $830,000 -1.8% $283 / Sq Ft
07/26/2016 07/26/16 Price Changed $845,000 -0.6% $288 / Sq Ft
07/14/2016 07/14/16 Price Changed $850,000 -0.4% $290 / Sq Ft
07/09/2016 07/09/16 Price Changed $853,000 -0.2% $291 / Sq Ft
06/20/2016 06/20/16 Price Changed $855,000 -0.6% $292 / Sq Ft
06/08/2016 06/08/16 Price Changed $860,000 -1.1% $293 / Sq Ft
06/02/2016 06/02/16 Price Changed $870,000 -0.6% $297 / Sq Ft
05/27/2016 05/27/16 Price Changed $875,000 -2.7% $298 / Sq Ft
12/11/2015 12/11/15 For Sale $899,498 -- $307 / 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 $9,974 $740,000 $590,000 $150,000
2024 $9,974 $796,476 $477,886 $318,590
2023 $9,788 $780,860 $468,516 $312,344
2022 $9,342 $765,550 $459,330 $306,220
2021 $9,215 $750,540 $450,324 $300,216
2019 $8,943 $728,280 $436,968 $291,312
2018 $8,848 $714,000 $428,400 $285,600
2016 $2,947 $225,122 $92,696 $132,426
2015 $2,908 $221,741 $91,304 $130,437
2014 $2,932 $217,398 $89,516 $127,882
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 24-401789

The MLS

APN: 5074-002-018