NOT LISTED FOR SALE

1062 Manzanita St Los Angeles, CA 90029

Estimated Value: $1,612,000 - $3,255,000

6 Beds
4 Baths
2,766 Sq Ft
$861/Sq Ft Est. Value

Last Sold April 19, 2016

Last sale price $1,700,000 $615 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $15,297/month

13 Days on Market

About This Home

As of April 2016

Rare opportunity in superhip Sunset Junction for you to re-imagine the triplex that currently exists, or to take advantage of the development opportunities for this C2 lot. The triplex consists of a main house with 4 bedrooms & 2 baths, a 1 bedroom bungalow, & a studio bungalow, all with separate outdoor spaces. The main house has panoramic views of the Hollywood sign & the Observatory. There is a large bedroom downstairs with its own bathroom & entrance, making for a great home office or art studio. The C2 lot allows for a small lot development or apartment building. Demand is high for both, as Sunset Junction is one of the hippest intersections in LA. You are a stones throw away from some of the best coffee shops, boutiques, and restaurants on the east side. The Vermont/Santa Monica subway station is within a short walk and with a walkscore of 90, you can leave your car behind, and enjoy all of the charm that Silver Lake has to offer.

Last Agent to Sell the Property

Michael Remacle

Sotheby's International Realty License #01383766 Listed on: 03/06/2016

Sotheby's International Realty

Last Buyer's Agent

Scott Howard

Keller Williams Realty Los Feliz License #01123316

Keller Williams Realty Los Feliz

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,247

Year Built

  • Built in 1921

Lot Details

  • 7,504

Parking

  • 1 Parking Space

Property Views

  • City Lights
  • Views of a landmark
  • Hills

Home Design

  • Triplex

Interior Spaces

  • 2,766 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • 7,504 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5427-006-030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,247

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2766
  • Stories: 2
  • Year Built: 1921
  • Number Of Photos: 9
  • 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
  • Equipment: Dryer, Washer
  • Price Per S Q F T: 432.03

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: City Lights, Hills, Landmark
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 1 Car
  • Total Parking: 1

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 9355
  • Assessed Land Value: 421577
  • Assessor Parcel Number: 5427-006-030
  • Geocode Override: No
  • Lot Size Area: 7504

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.85
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2016
Closed on
Mar 22, 2016
Sold by
The Remedios Pacquing Trust
Bought by
Junction Gateway Llc
Seller's Agent
Michael Remacle
Sotheby's International Realty
Buyer's Agent
Scott Howard
Keller Williams Realty Los Feliz
List Price
$1,195,000
Sold Price
$1,700,000
Premium/Discount to List
$505,000
42.26%
Current Estimated Value
$2,436,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$736,536
Avg. Annual Appreciation
3.67%
Original Mortgage
$820,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 2012
Sold by
The Remedios Pacquing Trust
Bought by
Pacquing Remedios H and Remedios Pacquing Trust

Purchase Details

Closed on
Oct 24, 2009
Sold by
Pacquing Remedios H
Bought by
The Remedios Pacquing Trust
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
Junction Gateway Llc $1,700,000 Title 365
Pacquing Remedios H -- None Available
The Remedios Pacquing Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Junction Gateway Llc $4,365,000
Closed Junction Gateway Llc $820,000
Previous Owner Pacquing Remedios H $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2016 04/19/16 Sold $1,700,000 +42.3% $615 / Sq Ft
03/19/2016 03/19/16 Pending -- -- --
03/06/2016 03/06/16 For Sale $1,195,000 -- $432 / 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 $24,247 $2,012,450 $1,657,314 $355,136
2024 $24,247 $1,972,991 $1,624,818 $348,173
2023 $23,777 $1,934,306 $1,592,959 $341,347
2022 $22,673 $1,896,379 $1,561,725 $334,654
2021 $22,398 $1,859,196 $1,531,103 $328,093
2020 $22,629 $1,840,133 $1,515,404 $324,729
2019 $21,729 $1,804,053 $1,485,691 $318,362
2018 $21,617 $1,768,680 $1,456,560 $312,120
2016 $5,549 $437,503 $428,006 $9,497
2015 $5,471 $430,932 $421,577 $9,355
2014 $5,505 $422,491 $413,319 $9,172
Source: Public Records

Agents Affiliated with this Home

  • Michael Remacle

    Seller's Agent in 2016

    Michael Remacle

    Sotheby's International Realty

    (310) 902-1564

    2 in this area

    27 Total Sales

    Section Image
  • Scott Howard

    Buyer's Agent in 2016

    Scott Howard

    Keller Williams Realty Los Feliz

    (310) 650-1000

    9 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 16-102898

The MLS

APN: 5427-006-030

California Los Angeles County Los Angeles 90029

1062 Manzanita St, Los Angeles, CA

This home is located at 1062 Manzanita St, Los Angeles, CA 90029 since 06 March 2016 and is currently estimated at $2,380,399, approximately $860 per square foot. This property was built in 1921. 1062 Manzanita St is a home located in Los Angeles County with nearby schools including Lockwood Avenue Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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