NOT LISTED FOR SALE

Estimated Value: $1,649,000 - $1,977,000

8 Beds
4 Baths
4,120 Sq Ft
$443/Sq Ft Est. Value

Last Sold May 20, 2016

Last sale price $1,000,000 $243 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $11,138/month

1 Day on Market

Highlights

  • No HOA
  • Laundry Room
  • Front Yard
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of May 2016

We are pleased to present the opportunity to acquire a pride-of-ownership, 4-unit apartment building located in a prime area of North Hollywood. Each unit has large space (1030 sq. ft/unit). All units have a desirable mix of two bedrooms, one bathroom. This investment is located accessible to transportation hubs, freeways, and shopping and dining facilities close by. Drive by ONLY, Please do not disturb tenants.

Some photos showing vacant unit are for information only. Currently, all units are occupied. No vacant unit.

Last Agent to Sell the Property

Shaoli Xu

American Golden Eagle Realty License #01462267 Listed on: 04/23/2016

Last Buyer's Agent

Christian Melgar

Coldwell Banker Realty License #01730245

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,579

Year Built

  • Built in 1948

Lot Details

  • 5,996 Sq Ft Lot
  • Two or More Common Walls
  • Sprinkler System
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 4,120 Sq Ft Home
  • Property Attached
  • Frame Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 17
  • Tax Tract Number 9742
  • Assessor Parcel Number 2421014016

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Gardener Expense $660
  • Insurance Expense $1,100
  • Maintenance Expense $4,000
  • Water Sewer Expense $1,500
  • New Taxes Expense $5,558
  • Gross Income $5,045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,579

Year Built

Built in 1948

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Gardener Expense: 660.00
  • Parcel Number: 2421014016
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 242.72

Exterior Features

  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Sewer Available, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Front Yard, Sprinkler System
  • Lot Size Sq Ft: 5996.00
  • Price Per Lot Square Foot: 166.78

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 5045.00
  • Gross Scheduled Income: 60540.00
  • Insurance Expense: 1100.00
  • Maintenance Expense: 4000.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 5558.00
  • Tax Lot: 17
  • Tax Tract Number: 9742

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2021
Sold by
Coeler Peter and Coeler Barbara
Bought by
Coeler Peter Andrew and Coeler Barbara Carmen
Current Estimated Value
$1,824,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$831,000
Outstanding Balance
$751,490
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,073,129

Purchase Details

Listed on
Apr 23, 2016
Closed on
May 4, 2016
Sold by
Xu Shaoll
Bought by
Coeler Peter and Coeler Barbara
Seller's Agent
Shaoli Xu
American Golden Eagle Realty
Buyer's Agent
Christian Melgar
Coldwell Banker Realty
List Price
$999,500
Sold Price
$1,000,000
Premium/Discount to List
$500
0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.70%

Purchase Details

Closed on
Sep 13, 2014
Sold by
Xu Shaoli
Bought by
Shaoli Xu & Diana C Xu Revocable Family

Purchase Details

Closed on
Sep 11, 1994
Sold by
Burley Mark Alan and Burley Penelope Ann
Bought by
Xu Shaoli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,245
Interest Rate
8.37%
Mortgage Type
FHA
Source: Public Records

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
Coeler Peter Andrew -- North American Title
Coeler Peter $1,000,000 Fidelity National Title Co
Shaoli Xu & Diana C Xu Revocable Family -- None Available
Xu Shaoli $306,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coeler Peter Andrew $831,000
Closed Coeler Peter $675,000
Previous Owner Xu Shaoli $426,300
Previous Owner Xu Shaoli $300,000
Previous Owner Xu Shaoli $280,555
Previous Owner Xu Shaoli $286,453
Previous Owner Xu Shaoli $291,245
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2016 05/20/16 Sold $1,000,000 +0.1% $243 / Sq Ft
04/24/2016 04/24/16 Pending -- -- --
04/23/2016 04/23/16 For Sale $999,500 -- $243 / Sq Ft
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
2025 $14,579 $1,183,790 $473,516 $710,274
2024 $14,579 $1,160,580 $464,232 $696,348
2023 $14,303 $1,137,825 $455,130 $682,695
2022 $13,649 $1,115,515 $446,206 $669,309
2021 $13,469 $1,093,643 $437,457 $656,186
2020 $13,601 $1,082,430 $432,972 $649,458
2019 $13,072 $1,061,207 $424,483 $636,724
2018 $12,968 $1,040,400 $416,160 $624,240
2016 $5,634 $434,173 $173,100 $261,073
2015 $5,557 $427,652 $170,500 $257,152
2014 $5,599 $419,276 $167,161 $252,115
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR16085464

California Regional Multiple Listing Service (CRMLS)

APN: 2421-014-016