NOT LISTED FOR SALE

1633 S New Hampshire Ave Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $1,196,000 - $1,379,978

6 Beds
2 Baths
3,028 Sq Ft
$416/Sq Ft Est. Value

Last Sold April 04, 2023

Last sale price $1,100,000 $363 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $8,189/month

51 Days on Market

Highlights

  • Gated Parking
  • Laundry Room
  • Ceiling Fan

About This Home

As of April 2023

Great Great Great opportunity for development or owner-user income property. One neighbor is completely a new unit building and the other is under construction for a new 4 unit building. Public record shows 6B+2B, however, 1633(2nd fl): 3B+2B+den (electric and gas separated meter), 1635(1st fl): 3B+1.5B(electric and gas separated meter), 1635 1/2: 1B+1B(JADU, permitted, electric separated ), garage studio+1Bath(not permitted), Possible income over $9,000/m, Owner occupied the 1st fl and tenant occupied JADU, Currently 2nd fl vacant, easy and fast rental area, Huge basement, Lots of parking spaces about 10 vehicles, driveway from the front and parking entrance from the alley, 2 automatic gates, Conveniently located and easy to access to K Town, Downtown, 10 and 110 freeways, Don't miss out this great opportunity to build your own home or unit building!! OR just remodel for quick income!! AS-IS. Broker/Agent does not guarantee the accuracy of the square footage, lot size and permit, Buyer/buyer's representative diligently verify all info.

Last Listed By

Jaekyung Lee

Dream Realty & Investments Inc License #01478814 Listed on: 01/08/2023

Dream Realty & Investments Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,951

Year Built

  • Built in 1908

Lot Details

  • 6,551 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 3,028 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • 6 Parking Spaces
  • Driveway
  • Gated Parking
  • Uncovered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for water
  • Assessor Parcel Number 5075-018-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,951

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Great Great Great opportunity for development or owner-user income property. One neighbor is completely a new unit building and the other is under construction for a new 4 unit building. Public record shows 6B+2B, however, 1633(2nd fl): 3B+2B+den, 1635(1st fl): 3B+1.5B, 1635 1/2: 1B+1B(JADU, permitted), garage studio+1Bath(not permitted), Possible income over $9,000/m, Owner occupied the 1st fl and JADU, easy and fast rental area, Great location, Huge basement, Lots of parking spaces about 10 vehicles, driveway from the front and parking entrance from the alley, 2 automatic gates, Conveniently located and easy to access to K Town, Downtown, 10 and 110 freeways, Don't miss out this great opportunity to build your own home or unit building
  • Exclusions: Stainless refrigerator in the kitchen
  • Living Area: 3028
  • Lot Acreage: 0.1504
  • Stories: 2
  • Year Built: 1908
  • Number Of Photos: 40
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Laundry: In Unit, Inside
  • Total Bathrooms: 2.00
  • Equipment: Gas Dryer Hookup, Garbage Disposal, Range/Oven, Ceiling Fan, Electric Dryer Hookup
  • Price Per S Q F T: 395.97

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Driveway, Uncovered, Gated, Driveway - Combination
  • Total Parking: 6

Utilities

  • Cooling: Wall/Window
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Percent: 26.83
  • Assessed Improvement Value: 127639
  • Assessed Land Percent: 73.17
  • Assessed Land Value: 348117
  • Total Assessed Value: 475756
  • Assessor Parcel Number: 5075-018-027
  • Lot Size Area: 6551

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.34
  • Number Of Units: 2
  • Total Annual Expense: 18943
  • Type Of Units: Duplex
  • Vacancy Rate: 33%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2023
Closed on
Mar 30, 2023
Sold by
Oh Ho Soon
Bought by
Kim Kwang Heui and Kim Kyung S
Seller's Agent
Jaekyung Lee
Dream Realty & Investments Inc
Buyer's Agent
Jinny Park Macfarlane
Real Estate eBroker, Inc.
List Price
$1,199,000
Sold Price
$1,100,000
Premium/Discount to List
-$99,000
-8.26%
Total Days on Market
51
Views
34
Current Estimated Value
$1,258,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,745
Avg. Annual Appreciation
6.73%
Original Mortgage
$300,000
Outstanding Balance
$293,073
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$965,672

Purchase Details

Closed on
Dec 18, 2013
Sold by
Oh Hwa Jin
Bought by
Oh Ho Soon and Oh Hwa Jin

Purchase Details

Closed on
Aug 10, 2012
Sold by
Klug Stephens Mary Lou
Bought by
Oh Hwa Jin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
3.37%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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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
Kim Kwang Heui $1,100,000 Provident Title Company
Oh Ho Soon -- Accommodation
Oh Ho Soon -- Accommodation
Oh Hwa Jin $410,000 Fidelity National Title Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Kwang Heui $300,000
Previous Owner Soon Ho $262,500
Previous Owner Oh Hwa Jin $287,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2023 04/04/23 Sold $1,100,000 -8.3% $363 / Sq Ft
02/28/2023 02/28/23 Pending -- -- --
01/08/2023 01/08/23 For Sale $1,199,000 +192.4% $396 / Sq Ft
12/21/2012 12/21/12 Sold $410,000 -9.3% $135 / Sq Ft
11/01/2012 11/01/12 Pending -- -- --
01/07/2012 01/07/12 For Sale $452,000 -- $149 / 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
2024 $13,951 $1,122,000 $785,400 $336,600
2023 $6,231 $485,270 $355,079 $130,191
2022 $5,955 $475,756 $348,117 $127,639
2021 $5,865 $466,429 $341,292 $125,137
2019 $5,695 $452,596 $331,170 $121,426
2018 $5,546 $443,723 $324,677 $119,046
2016 $5,277 $426,494 $312,070 $114,424
2015 $5,202 $420,089 $307,383 $112,706
2014 $5,230 $411,861 $301,362 $110,499
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 23-230527

The MLS

APN: 5075-018-027