NOT LISTED FOR SALE

Estimated Value: $1,178,000 - $1,376,000

8 Beds
4 Baths
4,088 Sq Ft
$309/Sq Ft Est. Value

Last Sold December 23, 2022

Last sale price $1,160,000 $284 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $8,315/month

10 Days on Market

Highlights

  • No HOA
  • Rectangular Lot
  • Front Yard
  • Laundry Room
  • Wall Furnace
  • 1-Story Property

About This Home

As of December 2022

Amazing opportunity to own this 4 Unit Income Producing Property in Harbor City. The property features Four 2 Bedroom and 1 Bathroom units with 1 garage space each and alley access. Couple of the units were recently updated with new windows, gas and sewer lines, and paint. Washer and Dryer inside the units. Recently painted and well maintained building with amazing tenants that are current with rents. Hurry, this one will not last long!

Last Listed By

Tamas Batyi

Compass License #02053534 Listed on: 11/12/2022

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,413

Year Built

  • Built in 1950

Lot Details

  • 0.28 Acre Lot
  • 1 Common Wall
  • Rectangular Lot
  • Front Yard

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,088 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 2 / 45
  • Tax Tract Number 1589
  • Assessor Parcel Number 7410022006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Water Sewer Expense $275
  • New Taxes Expense $13,000
  • Operating Expense $16,650
  • Gross Income $88,440
  • Net Operating Income $71,790

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,413

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 280000
  • Property Attached: Yes
  • Water Sewer Expenses: 275.00
  • Zoning: LAR2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7410022006
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 283.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Rectangular Lot
  • Lot Size Sq Ft: 12077.00
  • Lot Size Acres: 0.2772

Multi Family

  • Gross Income: 88440.00
  • Gross Operating Income: 88440.00
  • Gross Scheduled Income: 88440.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 12077.0000 Square Feet
  • Net Operating Income: 71790.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 16650.00
  • Rent Control: Yes
  • Total Actual Rent: 7370.00
  • Total Expenses: 16650.00

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Block: 45
  • Tax Census Tract: 2933.04
  • Tax Lot: 2
  • Tax Tract Number: 1589

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2022
Closed on
Dec 1, 2022
Sold by
Young An Daniel
Bought by
Ringwood Family Living Trust
Seller's Agent
Tamas Batyi
Compass
Buyer's Agent
Sarah Kim
Sarah Kim, Broker
List Price
$1,120,000
Sold Price
$1,160,000
Premium/Discount to List
$40,000
3.57%
Total Days on Market
10
Views
13
Current Estimated Value
$1,262,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,040
Avg. Annual Appreciation
2.57%
Original Mortgage
$660,000
Outstanding Balance
$645,084
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$585,903

Purchase Details

Closed on
Feb 16, 2022
Sold by
Mook An Kyung
Bought by
Revo Kyung and Revo Hong

Purchase Details

Closed on
Feb 3, 2022
Sold by
Kyung Mook And Hong Ja An Revocable Trus
Bought by
An Daniel Young

Purchase Details

Closed on
Oct 30, 2020
Sold by
Mook An Kyung and Ja Hong
Bought by
Kyung Mook And Hong Ja An Revocable Trust and Revo Hong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2020
Sold by
An Kyung M and An Hong J
Bought by
An Kyung M and An Hong Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 6, 2015
Closed on
Jun 26, 2015
Sold by
Lucero Nelie A and Lucero Aguirre Nelie A
Bought by
An Kyung M and An Hong J
Seller's Agent
Sherwin Lim
Realty One Group United
Buyer's Agent
John Choi
New Star Realty & Investment
List Price
$899,000
Sold Price
$849,000
Premium/Discount to List
-$50,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.89%

Purchase Details

Closed on
Jan 21, 2005
Sold by
Aguirre Henry
Bought by
Lucero Nelie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,000
Interest Rate
5.74%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 5, 2005
Sold by
Cangas Leopoldo A and Cangas Sonia C
Bought by
Lucero Nelie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,000
Interest Rate
5.74%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 25, 1996
Sold by
Cangas Leopoldo A and Cangas Sonia
Bought by
Cangas Leopoldo A and Cangas Sonia C

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
Ringwood Family Living Trust $1,160,000 Priority Title
An Daniel Young -- Priority Title
Revo Kyung -- --
An Daniel Young -- Law Offices Of Daniel An
Revo Kyung -- --
Kyung Mook And Hong Ja An Revocable Trust -- Law Offices Of Daniel An Pc
Mook Kyung -- Law Offices Of Daniel An Pc
An Kyung M -- California Best Title
An Kyung M $849,000 Provident Title
Lucero Nelie A -- Progressive Title
Lucero Nelie A $670,000 Progressive Title
Cangas Leopoldo A -- --
Sonia Cangas Leopoldo A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ringwood Family Living Trust $660,000
Previous Owner An Kyung M $400,000
Previous Owner An Kyung M $290,000
Previous Owner Lucero Nelie A $160,000
Previous Owner Lucero Nelie A $429,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2022 12/23/22 Sold $1,160,000 +3.6% $284 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
11/12/2022 11/12/22 For Sale $1,120,000 +31.9% $274 / Sq Ft
08/05/2015 08/05/15 Sold $849,000 +60542.9% $208 / Sq Ft
06/18/2015 06/18/15 Pending -- -- --
05/08/2015 05/08/15 Rented $1,400 0.0% --
05/08/2015 05/08/15 For Rent $1,400 0.0% --
05/06/2015 05/06/15 For Sale $899,000 0.0% $220 / Sq Ft
07/18/2014 07/18/14 Rented $1,400 0.0% --
06/18/2014 06/18/14 Under Contract -- -- --
06/11/2014 06/11/14 For Rent $1,400 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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
2024 $15,413 $1,183,200 $918,000 $265,200
2023 $15,122 $1,160,000 $900,000 $260,000
2022 $12,229 $947,071 $557,758 $389,313
2021 $12,062 $928,502 $546,822 $381,680
2020 $12,173 $918,983 $541,216 $377,767
2019 $11,715 $900,964 $530,604 $370,360
2018 $11,512 $883,299 $520,200 $363,099
2016 $10,982 $849,000 $500,000 $349,000
2015 $10,114 $777,065 $487,117 $289,948
2014 $10,157 $761,845 $477,576 $284,269
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22240652

California Regional Multiple Listing Service (CRMLS)

APN: 7410-022-006