NOT LISTED FOR SALE

1403 E 23rd St Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $713,000 - $949,000

6 Beds
4 Baths
2,900 Sq Ft
$290/Sq Ft Est. Value

Last Sold December 11, 2017

Last sale price $548,000 $189 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,227/month

208 Days on Market

About This Home

As of December 2017

PERFECT OPPORTUNITY FOR FIRST TIME INVESTORS OR IDEAL ADDITION TO AN EXISTING INVESTMENT PORTFOLIO! STEADY CASH FLOW & LOW MAINTENANCE. CONVENIENTLY LOCATED NEAR USC & DWTN LA. ALL UNITS HAVE BEEN MAINTAINED & CARED FOR. 100% OCCUPIED; STRONG RENTAL UPSIDE; UP & COMING NEIGHBORHOOD W/ POTENTIAL FOR GROWTH. PRICE TO SELL, LISTING PRICE FOR SUBJECT PROPERTY IS LESS THAN MOST 1BR/1BA CONDO IN DTWN LA. WILL NOT LAST!!! (SHOWINGS ONLY SUBJECT TO ACCEPTED OFFER)

Last Agent to Sell the Property

Charles Le

eXp Realty of California Inc License #01261943 Listed on: 05/03/2017

eXp Realty of California Inc

Last Buyer's Agent

Ronnie Ratzlaff

Estate Properties License #01259055

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,750

Year Built

  • Built in 1947

Lot Details

  • 4,194

Parking

  • 2 Car Detached Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,900 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • 4,194 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5119-026-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,750

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: PROPERTY IS ZONED AS R2 FOR DUPLEX. HOWEVER, IT IS PHYSICALLY LAYOUT AS A 4PLEX & IS BEING LEASED AS A 4PLEX. SUBJECT PROPERTY IS CURRENTLY IN VIOLATION W/ THE CITY FOR NON-CONFORMING USAGE & THE PROPERTY WOULD BE REQUIRED TO CONVERT BACK TO DUPLEX.
  • Building Permit: No
  • Living Area: 2900
  • Lot Dimensions: A.0.0963
  • Probate: No
  • Stories: 2
  • Year Built: 1947
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 188.97

Exterior Features

  • Tennis Court Y/N: No
  • Paved: No
  • Pool: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Detached
  • Total Parking: 2

Utilities

  • Cooling: Wall/Window
  • Water Expense: 2580.00
  • Water Heaters: No

Fee Information

  • Insurance Expense: 981.00
  • Maintenance Expense: 1000.00
  • Trash Expense: 300.00

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Value: 166830
  • Assessed Land Value: 103586
  • Assessor Parcel Number: 5119-026-001
  • Geocode Override: No
  • Lot Size Area: 4194

Rental Info

  • Monthly Gross Income: 3535.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.80
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 11639
  • Type Of Units: FOURPLEX
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 6418.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2025
Sold by
5527 S Central Llc
Bought by
Lerner Michael
Current Estimated Value
$840,843

Purchase Details

Listed on
May 3, 2017
Closed on
Jan 10, 2018
Sold by
Lerner Michael
Bought by
5527 S Central Llc
Seller's Agent
Charles Le
eXp Realty of California Inc
Buyer's Agent
Ronnie Ratzlaff
Estate Properties
List Price
$548,000
Sold Price
$548,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.82%

Purchase Details

Listed on
May 3, 2017
Closed on
Nov 10, 2017
Sold by
Lerner Lieba
Bought by
Lerner Michael
Seller's Agent
Charles Le
eXp Realty of California Inc
Buyer's Agent
Ronnie Ratzlaff
Estate Properties
List Price
$548,000
Sold Price
$548,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2017
Sold by
Chieu Ky Minh and Thai Muoi
Bought by
Lerner Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Chien Ky Minh and Thai Muoi

Purchase Details

Closed on
Oct 13, 2009
Sold by
Sanchez Gerardo C
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Nov 16, 2006
Sold by
Munoz Martin and Munoz Sandra Judith
Bought by
Sanchez Gerardo C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.37%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 3, 2004
Sold by
Tejeda Roberto
Bought by
Munoz Martin and Munoz Sandra Judith

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
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2002
Sold by
Tejeda Rocio
Bought by
Tejeda Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Interest Rate
6.05%

Purchase Details

Closed on
Dec 3, 2001
Sold by
Benitez David and Benitez Josefa
Bought by
Metrociti Mtg Corp

Purchase Details

Closed on
Jun 27, 2000
Sold by
Jimenez Alex
Bought by
Benitez David and Benitez Josefa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,588
Interest Rate
7.82%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 10, 2000
Sold by
Cyprus Kip C
Bought by
Jimenez Alex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.06%

Purchase Details

Closed on
Oct 18, 1999
Sold by
Bozeman Parthenia Tr and English Aketin J
Bought by
Cyprus Kip C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.68%
Mortgage Type
Construction
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
Lerner Michael -- --
5527 S Central Llc -- Accommodation
Lerner Michael -- Orange Coast Title Co Socal
Lerner Michael $548,000 Orange Coast Title
Chien Ky Minh $230,000 Pacific Coast Title
Federal Home Loan Mortgage Corporation $171,053 Accommodation
Sanchez Gerardo C $560,000 Fatcola
Munoz Martin $350,000 Investors Title Company
Tejeda Roberto -- Fidelity National Title
Tejeda Roberto $200,000 Fidelity National Title
Metrociti Mtg Corp $206,853 Landsafe Title
Benitez David $295,000 Benefit Land Title Company
Jimenez Alex $160,000 Fidelity Title
Cyprus Kip C $150,000 First American Title Co
Cyprus Kip C -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Central Llc $1,000,000
Previous Owner Lerner Michael $411,000
Previous Owner Chieu Ky Minh $161,000
Previous Owner Sanchez Gerardo C $112,000
Previous Owner Sanchez Gerardo C $448,000
Previous Owner Munoz Martin $369,000
Previous Owner Munoz Martin $280,000
Previous Owner Tejeda Roberto $194,000
Previous Owner Benitez David $292,588
Previous Owner Jimenez Alex $160,000
Previous Owner Cyprus Kip C $170,000
Closed Munoz Martin $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2017 12/11/17 Sold $548,000 0.0% $189 / Sq Ft
11/27/2017 11/27/17 Pending -- -- --
05/03/2017 05/03/17 For Sale $548,000 -- $189 / 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 $7,750 $623,525 $375,481 $248,044
2024 $7,750 $611,300 $368,119 $243,181
2023 $8,025 $634,313 $382,775 $251,538
2022 $7,657 $621,876 $375,270 $246,606
2021 $7,552 $609,683 $367,912 $241,771
2020 $7,625 $603,432 $364,140 $239,292
2019 $7,330 $591,600 $357,000 $234,600
2018 $6,851 $548,000 $330,000 $218,000
2017 $3,584 $275,823 $105,657 $170,166
2016 $3,473 $270,416 $103,586 $166,830
2015 $3,425 $266,356 $102,031 $164,325
2014 $3,447 $261,140 $100,033 $161,107
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Charles Le

    eXp Realty of California Inc

    Section Image
  • Ronnie Ratzlaff

    Buyer's Agent in 2017

    Ronnie Ratzlaff

    Estate Properties

    (310) 802-6000

    2 Total Sales

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Map

Source: The MLS

MLS Number: 17-214300

The MLS

APN: 5119-026-001

California Los Angeles County Los Angeles 90011 Central Alameda

1403 E 23rd St, Los Angeles, CA

This home is located at 1403 E 23rd St, Los Angeles, CA 90011 since 03 May 2017 and is currently estimated at $840,843, approximately $289 per square foot. This property was built in 1947. 1403 E 23rd St is a home located in Los Angeles County with nearby schools including Twentieth Street Elementary School, Thomas Jefferson Senior High School, and Nava College Preparatory Academy.

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